Civic Intelligence

Franklin County Field Days Inc

990 • Fiscal year 2018 • EIN 03-0286951

Oct 01, 2017 to Sep 30, 2018 • Filed on Nov 30, 2018

PO Box 332St Albans Bay, VT 05481

(802) 782-8580

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.02x

Higher debt load relative to assets than 61% of similar nonprofits.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

81st percentile

0.11x

Higher debt load relative to revenue than 81% of similar nonprofits.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2018

Net Margin

35th percentile

-0.1%

Higher net margin than 35% of similar nonprofits.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

31st percentile

$0

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2018

Asset Growth

41st percentile

0.4%

Faster asset growth than 41% of similar nonprofits.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

6th percentile

-22%

Faster revenue growth than 6% of similar nonprofits.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$574,604

Up $2,212 (+0.4%) from 2017

Net Assets

Down

$565,409

Down $73 (-0.0%) from 2017

Liabilities

Up

$9,195

Up $2,285 (+33%) from 2017

Revenue

Down

$81,483

Down $22,452 (-22%) from 2017

Expenses

Up

$81,556

Up $1,035 (+1.3%) from 2017

Net Income

Down

-$73

Down $23,487 (-100%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0-$200KAssets 2010: $381,328Liabilities 2010: $0Net Assets 2010: $381,3282010Assets 2011: $416,536Liabilities 2011: $0Net Assets 2011: $416,5362011Assets 2012: $461,052Liabilities 2012: $0Net Assets 2012: $461,0522012Assets 2013: $483,682Liabilities 2013: $109Net Assets 2013: $483,5732013Assets 2014: $532,240Liabilities 2014: $6,739Net Assets 2014: $525,5012014Assets 2015: $538,533Liabilities 2015: $109Net Assets 2015: $538,4242015Assets 2016: $565,523Liabilities 2016: $23,455Net Assets 2016: $542,0682016Assets 2017: $572,392Liabilities 2017: $6,910Net Assets 2017: $565,4822017Assets 2018: $574,604Liabilities 2018: $9,195Net Assets 2018: $565,4092018Assets 2019: $562,753Liabilities 2019: $5,014Net Assets 2019: $557,7392019Assets 2020: $587,155Liabilities 2020: -$1,065Net Assets 2020: $588,2202020Assets 2021: $693,328Liabilities 2021: $975Net Assets 2021: $692,3532021Assets 2022: $662,501Liabilities 2022: $6,095Net Assets 2022: $656,4062022Assets 2023: $675,859Liabilities 2023: $4,110Net Assets 2023: $671,7492023Assets 2024: $646,024Liabilities 2024: $4,110Net Assets 2024: $641,9142024Assets 2025: $607,757Liabilities 2025: $4,110Net Assets 2025: $603,6472025

Highlighted filing

2018

Assets$574,604
Liabilities$9,195
Net Assets$565,409

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100KRevenue 2010: $84,626Expenses 2010: $60,923Net Income 2010: $23,7032010Expenses 2011: $55,7852011Expenses 2012: $60,7522012Revenue 2013: $112,614Expenses 2013: $90,093Net Income 2013: $22,5212013Revenue 2014: $131,225Expenses 2014: $89,297Net Income 2014: $41,9282014Revenue 2015: $107,489Expenses 2015: $94,566Net Income 2015: $12,9232015Revenue 2016: $87,469Expenses 2016: $83,825Net Income 2016: $3,6442016Revenue 2017: $103,935Expenses 2017: $80,521Net Income 2017: $23,4142017Revenue 2018: $81,483Expenses 2018: $81,556Net Income 2018: -$732018Revenue 2019: $66,588Expenses 2019: $74,258Net Income 2019: -$7,6702019Revenue 2020: $86,929Expenses 2020: $56,448Net Income 2020: $30,4812020Revenue 2021: $169,756Expenses 2021: $65,623Net Income 2021: $104,1332021Revenue 2022: $26,483Expenses 2022: $62,430Net Income 2022: -$35,9472022Revenue 2023: $77,785Expenses 2023: $62,442Net Income 2023: $15,3432023Revenue 2024: $49,615Expenses 2024: $79,450Net Income 2024: -$29,8352024Revenue 2025: $28,135Expenses 2025: $66,402Net Income 2025: -$38,2672025

Highlighted filing

2018

Revenue$81,483
Expenses$81,556
Net Income-$73
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Nov 30, 2018
Return Version
2017v2.2
Gross Receipts
$265,388
Mission and Program Overview

Mission

The purpose of the organization is to showcase agriculture and educate the community about Franklin county agriculture in a fun, family environment through a 4 day county fair.

Agricultural Awareness

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$485,088$494,860▲ $9,772
Cash and Non-Interest-Bearing Accounts$85,113$77,770▼ $7,343
Accounts Receivable$2,191$1,974▼ $217
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$572,392$574,604▲ $2,212
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$6,909$9,195▲ $2,286
Other Liabilities$1--
Total Liabilities$6,910$9,195▲ $2,285
Net Assets / Fund Balance
Unrestricted Net Assets$565,482$565,409▼ $73
Total Net Assets Fund Balance$565,482$565,409▼ $73
Total Liabilities and Net Assets / Fund Balance$572,392$574,604▲ $2,212

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$254,165$261,798$515,963
Leasehold Improvements$176,447$164,477$340,924
Other Land Buildings$9,930$85,579$95,509
Equipment$54,318$30,313$84,631
Compensation and Service Providers

Board Members and Trustees

NameTitle
Fernand GagnePresident
Pierre ParentVice President
Alan VaillancourtDirector
Andy LarocquesDirector
Barbara ParentDirector
Chris BrousseauDirector
Courtney BatesDirector
Darren RaymondDirector
Jeff WestcomDirector
Kathleen ColburnDirector
Keith PloofDirector
Lori BarneyDirector
Nate ReedDirector
Terry MaloneDirector
Joy KaneSecretary
Tammy MerchantTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$34,748
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$46,735
All Other Contributions
$4,000
Change in Net Assets
$-73
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$80,556
Grants and Similar Amounts Paid$1,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$47,487
Occupancy---$12,894
Insurance---$10,098
Fees for Services Accounting---$3,681
Advertising---$1,402
Office Expenses---$1,119
Grants to Domestic Orgs---$1,000
Other Expenses---$50
Fees for Services Other---$25
Total Functional Expenses$0$0$0$81,556
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$230,640
Fundraising Direct Expenses$183,905
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Agricultural County Fair$230,640$230,640$25,738$204,902
Total Events$230,640$230,640$183,905$46,735
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

The board of directors consists of various family relationships. However, monthly reports presented to the board are presented by the treasurer who has no business of family relationships to any of the officers but Jason Gagne, a fellow director, is the Treasurer's brother-in-law.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Treasurer of Franklin county field days inc will review the 990 in detail before filing. The 990 is available to any board member upon request.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

The organization makes its governing documents and financial statements available to the public upon request.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Franklin County Field Days Inc
EIN
03-0286951
Phone
8027828580
Address
PO Box 332, St Albans Bay, VT 05481

Signing Officer

Name
Fernand Gagne
Title
President
Signed
2018-11-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fernand Gagne
Formed
1975
Legal Domicile
Vt
Voting Board Members
16
Independent Board Members
0
Employees
0

Preparer

Firm
Youngs Accounting LLC
Address
P O Box 334, Enosburg Falls, VT 05450
Preparer
Robert J Young
Phone
8029334771
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IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0542167
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0485088
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0494860
IRS990/LandBldgEquipCostOrOtherBssAmt01037027
IRS990/LegalDomicileStateCd0VT
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The purpose of the organization is to showcase agriculture and educate the community about Franklin county agriculture in a fun, family environment through a 4 day county fair.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0565482
IRS990/NetAssetsOrFundBalancesEOYAmt0565409
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt046735
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt012894
IRS990/OfficeExpensesGrp/TotalAmt01119
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Meeting Exp
IRS990/OtherExpensesGrp/Desc1Dues Exp
IRS990/OtherExpensesGrp/Desc2contributions
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/TotalAmt02470
IRS990/OtherExpensesGrp/TotalAmt11230
IRS990/OtherExpensesGrp/TotalAmt2100
IRS990/OtherExpensesGrp/TotalAmt350
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt01
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Fernand Gagne
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt057942
IRS990/PYGrantsAndSimilarPaidAmt01000
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt079521
IRS990/PYOtherRevenueAmt045993
IRS990/PYRevenuesLessExpensesAmt023414
IRS990/PYTotalExpensesAmt080521
IRS990/PYTotalRevenueAmt0103935
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-73
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0254165
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0261798
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0515963
IRS990ScheduleD/EquipmentGrp/BookValueAmt054318
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030313
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt084631
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0176447
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0164477
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0340924
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09930
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt085579
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt095509
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0494860
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt036923
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt036923
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0183905
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt088405
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt088405
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Agricultural County Fair
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0230640
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0230640
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0230640
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0230640
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt046735
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt05695
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt05695
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt025738
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt025738
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt027144
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt027144
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board of directors consists of various family relationships. However, monthly reports presented to the board are presented by the treasurer who has no business of family relationships to any of the officers but Jason Gagne, a fellow director, is the Treasurer's brother-in-law.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Treasurer of Franklin county field days inc will review the 990 in detail before filing. The 990 is available to any board member upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization makes its governing documents and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0572392
IRS990/TotalAssetsEOYAmt0574604
IRS990/TotalAssetsGrp/BOYAmt0572392
IRS990/TotalAssetsGrp/EOYAmt0574604
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt034748
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt081556
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06910
IRS990/TotalLiabilitiesEOYAmt09195
IRS990/TotalLiabilitiesGrp/BOYAmt06910
IRS990/TotalLiabilitiesGrp/EOYAmt09195
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0565482
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0565409
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt081483

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.08$0.04$6.04$0.28$0.66$0.38
2024Detailed filing. Detailed filing data is available for this year.$6.46$0.04$6.42$0.50$0.79$0.30
2023Detailed filing. Detailed filing data is available for this year.$6.76$0.04$6.72$0.78$0.62$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.63$0.06$6.56$0.26$0.62$0.36
2021Detailed filing. Detailed filing data is available for this year.$6.93$0.01$6.92$1.70$0.66$1.04
2020Detailed filing. Detailed filing data is available for this year.$5.87$0.01$5.88$0.87$0.56$0.30
2019Detailed filing. Detailed filing data is available for this year.$5.63$0.05$5.58$0.67$0.74$0.08
2018Detailed filing. Detailed filing data is available for this year.$5.75$0.09$5.65$0.81$0.82$0.00
2017Detailed filing. Detailed filing data is available for this year.$5.72$0.07$5.65$1.04$0.81$0.23
2016Detailed filing. Detailed filing data is available for this year.$5.66$0.23$5.42$0.87$0.84$0.04
2015Detailed filing. Detailed filing data is available for this year.$5.39$0.00$5.38$1.07$0.95$0.13
2014Detailed filing. Detailed filing data is available for this year.$5.32$0.07$5.26$1.31$0.89$0.42
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.84$0.00$4.84$1.13$0.90$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.61$0.00$4.61$0.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.17$0.00$4.17$0.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.81$0.00$3.81$0.85$0.61$0.24