Missaukee Agricultural Youth Show Falmouth Michigan EIN 58-2680426

Missaukee Agricultural Youth Show Falmouth Michigan

EIN  58-2680426 Public charity (501(c)(3)) Falmouth, MI
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Size
$100K–1M
What they do
Showcases youth achievements in agriculture, arts, and sciences through engaging fairs.
Leadership
Kasia Agema · Director
Money in and out
$566K revenue, $538K expenses
Bottom line
96% program efficiency

Showcases youth achievements in agriculture, arts, and sciences through engaging fairs. For fiscal year 2023 it reported $566K in revenue, $538K in expenses, and $575K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$566K
Pt VIII · Ln 12
Total expenses
$538K
Pt IX · Ln 25
Net assets
$575K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $28K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.03 Fundraising $0.00
Program efficiency
96%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
3.8mo
months of highly liquid reserves at operating expense rate▲ +19% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▼ -56% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$566K
FY2023▲ +3%
Expenses
$538K
FY2023▲ +10%
Total assets
$575K
FY2023▲ +5%
Total liabilities
$0
FY2023
Total revenue
$566K
Pt VIII · Ln 12
Total expenses
$538K
Pt IX · Ln 25
Net assets
$575K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$28K
Total assetsPt X · Ln 16$575K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

2 program services account for $518K of program spending, described in the organization's own filed words · FY2022.
01

The livestock sale is held at the end of the fair for the youth participants and is part of the final process in our goal to encourage the youth to learn about agriculture. The youth purchase their animals and learn during the year how to care for them in the areas of feeding, maintaining a clean environment as well as working with their…

$518Kprogram expense
02

The horse show is where youth learn during the year how to take care of their animals from feeding, maintaining a clean environment as well as working with their animals to be able to show them before a judge. The youth learn how to present their animals as well as how to present themselves.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMissaukee Agricultural Youth Show Falmouth Michigan
EINHdr · item D58-2680426
Principal addressHdr · item CFalmouth, MI
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K20)
Ruling yearIRS BMFApr 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$538K · 95%
Contributions & grants$27K · 5%
Program service revenue95%$538K
Contributions & grants5%$27K
Investment income$740
Total revenueLn 12$566K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.03 Fundraising $0.00
Program services96%$518K
Management & general3%$18K
Fundraising$3K
Total functional expensesLn 25$538K

Balance Sheet

Part X · end of year
CashLn 1$169K
Total assetsLn 16$575K
Total liabilitiesLn 26$0
Total net assetsLn 32$575K
Months of cash on handcomputed3.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $169K · Operating expenses/yr $538K
3.8 months
Where the money goes
Program services
Program services $518K · Total expenses $538K
96%
Management & General
Management & general $18K · Total expenses $538K
3%
Fundraising
Fundraising $3K · Total expenses $538K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $25K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $27K · Total revenue $566K
5%
Government reliance
Government grants — · Total revenue $566K
Earned-income share
Program service revenue $538K · Total revenue $566K
95%
Investment reliance
Investment income $740 · Total revenue $566K
0%
Program self-sufficiency
Program service revenue $538K · Total expenses $538K
100%
Growth & trend
Revenue growth (YoY)
This year $566K · Prior year $548K
+3%
Net-asset trend (YoY)
End of year $575K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $566K · Expenses $538K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $575K
Net-asset ratio
Net assets $575K · Total assets $575K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $575K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kasia Agema · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $538K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $538K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 3%
Fundraising cost ratio 10%
Revenue growth 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$566K revenue · viewing · ⤓ 990 PDF
FY2022$548K revenue · ⤓ 990 PDF
FY2021$453K revenue · ⤓ 990 PDF
FY2020$127K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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