North Stonington Agricultural Fair Inc
North Stonington Agricultural Fair: Strong Community Engagement, but Financial Transparency Lags
EIN: 222532453 · N Stonington, CT · NTEE: N520 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $166K |
| Total Expenses | $206K |
| Program Spending | 80% |
| Net Assets | $233K |
| Transparency Score | 75/100 |
Is North Stonington Agricultural Fair Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Stonington Agricultural Fair Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Stonington Agricultural Fair Inc
North Stonington Agricultural Fair Inc (EIN: 222532453) is a nonprofit organization based in N Stonington, CT, classified under NTEE code N520. The organization reported total revenue of $166K and total assets of $236K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Stonington Agricultural Fair Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Stonington Agricultural Fair Inc is a small nonprofit that has been operating for 42 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $194K |
| Total Expenses | $206K |
| Surplus / Deficit | $-12,308 |
| Total Assets | $233K |
| Net Assets | $233K |
| Operating Margin | -6.3% |
| Months of Reserves | 13.5 months |
Financial Health Grade: B
In 2023, North Stonington Agricultural Fair Inc reported a deficit of $12K with expenses exceeding revenue, holds 13.5 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2023), North Stonington Agricultural Fair Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.1% | +70.3% | -5.0% |
| 2022 | +12.8% | +11.7% | +42.5% |
| 2021 | +18149.4% | +589.2% | +59.0% |
| 2020 | -99.3% | -88.0% | -12.0% |
| 2019 | -9.4% | -0.1% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates North Stonington Agricultural Fair Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, North Stonington Agricultural Fair Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
Executive Compensation Analysis
The North Stonington Agricultural Fair Inc. reported no compensation paid to officers, directors, trustees, or key employees in their 2022 Form 990-EZ, indicating a volunteer-led structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of North Stonington Agricultural Fair Inc's IRS 990 filings:
- The organization consistently files Form 990-EZ, which provides less detailed financial information compared to a full Form 990, limiting in-depth analysis.
- Revenue in 2020 dropped significantly to $943 from $129,968 in 2019, likely due to the pandemic, but the recovery in subsequent years is strong.
Strengths
The following positive indicators were identified for North Stonington Agricultural Fair Inc:
- The organization has a long history of operation, suggesting sustained community support and engagement.
- Total assets have shown consistent growth over the years, from $107,375 in 2016 to $232,621 in 2023, indicating financial stability.
- The fair consistently generates significant revenue, with $193,846 in 2023, demonstrating strong public interest and participation.
Frequently Asked Questions about North Stonington Agricultural Fair Inc
Is North Stonington Agricultural Fair Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, North Stonington Agricultural Fair Inc (EIN: 222532453) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does North Stonington Agricultural Fair Inc spend its money?
North Stonington Agricultural Fair Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to North Stonington Agricultural Fair Inc tax-deductible?
North Stonington Agricultural Fair Inc is registered as a tax-exempt nonprofit (EIN: 222532453). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of North Stonington Agricultural Fair Inc's spending goes to programs?
North Stonington Agricultural Fair Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does North Stonington Agricultural Fair Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), North Stonington Agricultural Fair Inc is above average for NTEE category N520 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is North Stonington Agricultural Fair Inc located?
North Stonington Agricultural Fair Inc is headquartered in N Stonington, Connecticut and files with the IRS under EIN 222532453. It is classified under NTEE code N520.
How many years of IRS 990 filings does North Stonington Agricultural Fair Inc have?
North Stonington Agricultural Fair Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $166K in total revenue.
What does North Stonington Agricultural Fair Inc do?
North Stonington Agricultural Fair Inc is a nonprofit organization in the Recreation & Sports sector, located in N Stonington, Connecticut. It is classified under NTEE code N520.
How much revenue does North Stonington Agricultural Fair Inc have?
North Stonington Agricultural Fair Inc reported total revenue of $166,209. Based on 14 IRS 990 filings on record.
What are North Stonington Agricultural Fair Inc's total assets?
North Stonington Agricultural Fair Inc holds total assets of $235,958 as reported in IRS 990 filings.
Where is North Stonington Agricultural Fair Inc located?
North Stonington Agricultural Fair Inc is based in N Stonington, Connecticut.
What is North Stonington Agricultural Fair Inc's EIN?
North Stonington Agricultural Fair Inc's Employer Identification Number (EIN) is 222532453. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is North Stonington Agricultural Fair Inc?
North Stonington Agricultural Fair Inc is classified under NTEE code N520 (Recreation & Sports).
Is North Stonington Agricultural Fair Inc a registered 501(c)(3)?
Yes, North Stonington Agricultural Fair Inc is recognized as a tax-exempt organization by the IRS. EIN: 222532453.
Does North Stonington Agricultural Fair Inc file IRS Form 990?
Yes, North Stonington Agricultural Fair Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was North Stonington Agricultural Fair Inc's revenue in 2023?
In the 202312 filing period, North Stonington Agricultural Fair Inc reported total revenue of $193,846, total expenses of $206,154, and net assets of $232,621.
Is North Stonington Agricultural Fair Inc's revenue growing or declining?
North Stonington Agricultural Fair Inc's revenue is relatively stable. Revenue went from $194,085 (202212) to $193,846 (202312), a -0.1% change. Based on 14 filings on record.
What is North Stonington Agricultural Fair Inc's most recent 990 filing?
The most recent IRS Form 990 filing for North Stonington Agricultural Fair Inc covers tax period 202312. It shows revenue of $193,846, expenses of $206,154, total assets of $232,621, and liabilities of N/A.
How much does North Stonington Agricultural Fair Inc spend on programs vs administration?
Based on IRS 990 analysis, North Stonington Agricultural Fair Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is North Stonington Agricultural Fair Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, North Stonington Agricultural Fair Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for North Stonington Agricultural Fair Inc?
The following concerns were identified: The organization consistently files Form 990-EZ, which provides less detailed financial information compared to a full Form 990, limiting in-depth analysis.. Revenue in 2020 dropped significantly to $943 from $129,968 in 2019, likely due to the pandemic, but the recovery in subsequent years is strong.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are North Stonington Agricultural Fair Inc's strengths?
Positive indicators for North Stonington Agricultural Fair Inc include: The organization has a long history of operation, suggesting sustained community support and engagement.. Total assets have shown consistent growth over the years, from $107,375 in 2016 to $232,621 in 2023, indicating financial stability.. The fair consistently generates significant revenue, with $193,846 in 2023, demonstrating strong public interest and participation.. These findings are derived from AI analysis of the organization's financial filings.
How does North Stonington Agricultural Fair Inc compensate executives?
The North Stonington Agricultural Fair Inc. reported no compensation paid to officers, directors, trustees, or key employees in their 2022 Form 990-EZ, indicating a volunteer-led structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent growth in assets and revenue, what specific strategies does the fair employ to maintain its strong community presence and volunteer engagement without paid executive compensation?
The sustained success without paid executive compensation suggests a robust volunteer base and strong community ties. This likely relies on effective volunteer recruitment, clear leadership roles, and a mission that deeply resonates with the local population, fostering a sense of ownership and tradition.
How does the organization manage the significant financial fluctuations, such as the sharp revenue drop in 2020, while maintaining asset growth and operational continuity?
The ability to absorb a significant revenue drop like in 2020 and still grow assets suggests prudent financial management, potentially including maintaining reserves, careful expense control, and a quick rebound strategy for revenue generation once normal operations resume.
Filing History
IRS 990 filing history for North Stonington Agricultural Fair Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), North Stonington Agricultural Fair Inc's revenue has grown by 50%, moving from $129K to $194K. Total assets increased by 103.4% over the same period, from $114K to $233K. Total functional expenses rose by 60.6%, from $128K to $206K. In its most recent filing year (2023), North Stonington Agricultural Fair Inc reported a deficit of $12K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $194K | $206K | $233K | $0 | — | — |
| 2022 | $194K | $121K | $245K | $0 | — | View 990 |
| 2021 | $172K | $108K | $172K | $0 | — | View 990 |
| 2020 | $943 | $16K | $108K | $0 | — | — |
| 2019 | $130K | $131K | $123K | $0 | — | View 990 |
| 2018 | $144K | $131K | $124K | $0 | — | View 990 |
| 2017 | $118K | $113K | $112K | $0 | — | — |
| 2016 | $2K | $21K | $107K | $0 | — | View 990 |
| 2016 | $128K | $151K | $126K | $0 | — | View 990 |
| 2015 | $138K | $135K | $149K | $0 | — | View 990 |
| 2014 | $142K | $157K | $146K | $0 | — | View 990 |
| 2013 | $133K | $130K | $162K | $0 | — | View 990 |
| 2012 | $160K | $115K | $159K | $0 | — | View 990 |
| 2011 | $129K | $128K | $114K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $194K, expenses of $206K, and assets of $233K (revenue -0.1% year-over-year).
- 2022: Revenue of $194K, expenses of $121K, and assets of $245K (revenue +12.8% year-over-year).
- 2021: Revenue of $172K, expenses of $108K, and assets of $172K (revenue +18149.4% year-over-year).
- 2020: Revenue of $943, expenses of $16K, and assets of $108K (revenue -99.3% year-over-year).
- 2019: Revenue of $130K, expenses of $131K, and assets of $123K (revenue -9.4% year-over-year).
- 2018: Revenue of $144K, expenses of $131K, and assets of $124K (revenue +22.0% year-over-year).
- 2017: Revenue of $118K, expenses of $113K, and assets of $112K (revenue +5716.9% year-over-year).
- 2016: Revenue of $2K, expenses of $21K, and assets of $107K (revenue -98.4% year-over-year).
- 2016: Revenue of $128K, expenses of $151K, and assets of $126K (revenue -7.1% year-over-year).
- 2015: Revenue of $138K, expenses of $135K, and assets of $149K (revenue -2.6% year-over-year).
- 2014: Revenue of $142K, expenses of $157K, and assets of $146K (revenue +6.7% year-over-year).
- 2013: Revenue of $133K, expenses of $130K, and assets of $162K (revenue -16.9% year-over-year).
- 2012: Revenue of $160K, expenses of $115K, and assets of $159K (revenue +23.5% year-over-year).
- 2011: Revenue of $129K, expenses of $128K, and assets of $114K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Stonington Agricultural Fair Inc:
Data Sources and Methodology
This transparency report for North Stonington Agricultural Fair Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.