Civic Intelligence

Spencer Agricultural Association Inc

990 • Fiscal year 2019 • EIN 04-2504166

Nov 01, 2018 to Oct 31, 2019 • Filed on Jan 27, 2020

PO Box 46Spencer, MA 01562

(508) 885-5814

Siviq Scores

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

Liabilities / Assets

87th percentile

0.22x

Higher debt load relative to assets than 87% of similar nonprofits.

2019 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

90th percentile

0.30x

Higher debt load relative to revenue than 90% of similar nonprofits.

2019 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2019

Net Margin

70th percentile

13%

Higher net margin than 70% of similar nonprofits.

2019 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2019

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.

2019 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2019

Asset Growth

45th percentile

3.2%

Faster asset growth than 45% of similar nonprofits.

2019 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

74th percentile

10%

Faster revenue growth than 74% of similar nonprofits.

2019 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$700,586

Up $21,976 (+3.2%) from 2018

Net Assets

Up

$549,935

Up $65,612 (+14%) from 2018

Liabilities

Down

$150,651

Down $43,636 (-22%) from 2018

Revenue

Up

$495,987

Up $45,643 (+10%) from 2018

Expenses

Down

$430,375

Down $24,353 (-5.4%) from 2018

Net Income

Up

$65,612

Up $69,996 (+1597%) from 2018

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $648,965Liabilities 2011: $0Net Assets 2011: $648,9652011Assets 2012: $632,886Liabilities 2012: $0Net Assets 2012: $632,8862012Assets 2013: $628,621Liabilities 2013: $37,070Net Assets 2013: $591,5512013Assets 2014: $662,880Liabilities 2014: $21,466Net Assets 2014: $641,4142014Assets 2015: $709,536Liabilities 2015: $69,376Net Assets 2015: $640,1602015Assets 2016: $747,993Liabilities 2016: $174,631Net Assets 2016: $573,3622016Assets 2017: $730,870Liabilities 2017: $234,096Net Assets 2017: $496,7742017Assets 2018: $678,610Liabilities 2018: $194,287Net Assets 2018: $484,3232018Assets 2019: $700,586Liabilities 2019: $150,651Net Assets 2019: $549,9352019Assets 2020: $579,680Liabilities 2020: $100,834Net Assets 2020: $478,8462020Assets 2021: $608,851Liabilities 2021: $15,565Net Assets 2021: $593,2862021Assets 2022: $626,935Liabilities 2022: $0Net Assets 2022: $626,9352022Assets 2023: $649,466Liabilities 2023: $0Net Assets 2023: $649,4662023Assets 2024: $648,813Liabilities 2024: $5,250Net Assets 2024: $643,5632024

Highlighted filing

2019

Assets$700,586
Liabilities$150,651
Net Assets$549,935

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $417,844Expenses 2011: $339,170Net Income 2011: $78,6742011Expenses 2012: $358,7732012Revenue 2013: $327,056Expenses 2013: $374,349Net Income 2013: -$47,2932013Revenue 2014: $410,679Expenses 2014: $386,926Net Income 2014: $23,7532014Revenue 2015: $402,916Expenses 2015: $404,170Net Income 2015: -$1,2542015Revenue 2016: $450,871Expenses 2016: $517,669Net Income 2016: -$66,7982016Revenue 2017: $481,282Expenses 2017: $557,870Net Income 2017: -$76,5882017Revenue 2018: $450,344Expenses 2018: $454,728Net Income 2018: -$4,3842018Revenue 2019: $495,987Expenses 2019: $430,375Net Income 2019: $65,6122019Revenue 2020: $63,736Expenses 2020: $134,547Net Income 2020: -$70,8112020Revenue 2021: $510,646Expenses 2021: $394,480Net Income 2021: $116,1662021Revenue 2022: $538,500Expenses 2022: $508,931Net Income 2022: $29,5692022Revenue 2023: $654,549Expenses 2023: $632,018Net Income 2023: $22,5312023Revenue 2024: $608,814Expenses 2024: $614,717Net Income 2024: -$5,9032024

Highlighted filing

2019

Revenue$495,987
Expenses$430,375
Net Income$65,612
Jump To
Filing Snapshot
Filing Period
Nov 1, 2018 to Oct 31, 2019
Signed
Jan 27, 2020
Return Version
2018v3.2
Gross Receipts
$495,987
Mission and Program Overview

Mission

Promotion of agriculture and horticulture activities

Promotion of agriculture, horticulture, youth activities, and other outdoor entertainment and sports.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$564,750$539,787▼ $24,963
Cash and Non-Interest-Bearing Accounts$110,735$156,893▲ $46,158
Prepaid Expenses and Deferred Charges$3,125$3,906▲ $781
Total Assets$678,610$700,586▲ $21,976
Liabilities
Other Liabilities$187,172$138,599▼ $48,573
Deferred Revenue$7,115$11,660▲ $4,545
Accounts Payable and Accrued Expenses-$392-
Total Liabilities$194,287$150,651▼ $43,636
Net Assets / Fund Balance
Unrestricted Net Assets$484,323$549,935▲ $65,612
Total Net Assets Fund Balance$484,323$549,935▲ $65,612
Total Liabilities and Net Assets / Fund Balance$678,610$700,586▲ $21,976

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$68,906$341,503$410,409
Buildings$301,447$94,109$395,556
Equipment$24,571$207,588$232,159
Land$85,000-$85,000
Other Land Buildings$59,863$21,467$81,330
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert KnightPresident
Lisa LynchDirector
Nancy AndrewsDirector
Pat StarkDirector
Sandra KibbeDirector
Kelly KnightAssistant Tr
Nicole KibbeSecretary
Todd KibbeTreasurer
Eric KibbeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$495,983
Investment Income
$4
Other Revenue
$0
Change in Net Assets
$65,612
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$339,649
Salaries, Compensation, and Employee Benefits$90,726
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$212,074$16,467-$228,541
Other Salaries and Wages$85,790--$85,790
Depreciation Depletion$41,007--$41,007
Advertising$23,203--$23,203
Insurance$18,226--$18,226
Fees for Services Accounting-$11,139-$11,139
Interest$10,325--$10,325
Payroll Taxes$4,936--$4,936
Office Expenses-$3,672-$3,672
Conferences and Meetings-$3,536-$3,536
Total Functional Expenses$395,561$34,814$0$430,375
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mortgage$118,086
Line of Credit$20,513
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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, Page 6, Part VI, Line 2

Robert knight kelly knight president assist treas spouse nicole kibbe eric kibbe secretary vice preside parent nicole kibbe sandra kibbe secretary director parent todd kibbe nicole kibbe treasurer secretary sibling todd kibbe eric kibbe treasurer vice preside parent todd kibbe sandra kibbe treasurer director parent eric kibbe sandra kibbe vice preside director spouse

Form 990, Page 6, Part VI, Line 4

Articles of amendment filed with the commonwealth of massachusetts. The following articles were amended: article i: spencer agricultural association, inc. Article ii: said organization is organized exclusively for charitable, religious, educational, and scientific purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt under section 501(c)(3) of the internal revenue code, or corresponding section of any future federal tax code. The business activity for said organization is as follows: promotion of agriculture and horticultural activities. Article iii: there shall be one class of voting membership as determined by the by-laws, which may be amended from time to time. Article iv: no part of net earnings of this organization shall inure to the benefit of, or be distributable to, its members, trustees, officers, or other private persons, except that the corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes set forth herein. No substantial part of the activities of this corporation shall be the carrying on of propaganda or otherwise attempting to influence legislation, and this corporation shall not participate in, or intervene in (including the publishing or distributions of statements), any political campaign on behalf of or in opposition to any candidate for public office. Notwithstanding any other provision of this document, the corporation shall not carry on other activities not permitted to be carried on (a) by a corporation exempt from federal income tax under section 501(c)(3) of the internal revenue code, or the corresponding section of any future federal tax code, or (b) by a corporation, contributions to which are deductible under section 170(c)(2) of the internal revenue code, or the corresponding section of any future federal tax code. Upon the dissolution of this corporation, assets remaining shall be distributed for one or more exempt purposes within the meaning of section 501(c)(3) of the internal revenue code, or corresponding section of any future federal tax coe, or shall be distributed to the federal government, or to a state or local government, for a public purpose. Any such assets not so disposed of shall be disposed by a court of competent jurisdiction of the county in which the principal office of the organization is then located, exclusively for such purposes or to such organization or organizations, as said court shall determine, which are organized and operated exclusively for such purpose.

Form 990, Page 6, Part VI, Line 6

The organization has members

Form 990, Page 6, Part VI, Line 7A

The members of the organization's governing body, which is its board of directors, may elect new members to the board

Form 990, Page 6, Part VI, Line 11B

Form 990 is presented to the organization's president and treasurer and is reviewed before it is filed

Form 990, Page 6, Part VI, Line 19

By virtue of a copy of federal form 990 and a copy of the reviewed financial statements having to accompany ma form pc which is submitted to the attorney general, division of public charities, which is a public document. Such information is made readily available to the general public. The organization's governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Spencer Agricultural Association
EIN
04-2504166
Phone
5088855814
Address
PO BOX 46, SPENCER, MA 01562

Signing Officer

Name
Robert Knight
Title
President
Phone
5088855814
Signed
2020-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Knight
Formed
1936
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
21

Preparer

Firm
Shaun Richard CPA Pc
Address
10 LINDEN ST, SPENCER, MA 01562-2205
Preparer
Shaun Richard
Phone
5088853065
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Donations and scholarships 0 800 0 postage 0 1,185 0 volunteer appreciation 0 7,627 0 property and other taxes 0 6,855 0 fair expenses 140,349 0 0 repairs and maintenance 51,561 0 0 utilities 13,744 0 0 supplies 6,155 0 0 dues and subscriptions 265 0 0 total 212,074 16,467 0

Raw XML Appendix349 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROBERT KNIGHT KELLY KNIGHT PRESIDENT ASSIST TREAS SPOUSE NICOLE KIBBE ERIC KIBBE SECRETARY VICE PRESIDE PARENT NICOLE KIBBE SANDRA KIBBE SECRETARY DIRECTOR PARENT TODD KIBBE NICOLE KIBBE TREASURER SECRETARY SIBLING TODD KIBBE ERIC KIBBE TREASURER VICE PRESIDE PARENT TODD KIBBE SANDRA KIBBE TREASURER DIRECTOR PARENT ERIC KIBBE SANDRA KIBBE VICE PRESIDE DIRECTOR SPOUSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ARTICLES OF AMENDMENT FILED WITH THE COMMONWEALTH OF MASSACHUSETTS. THE FOLLOWING ARTICLES WERE AMENDED: ARTICLE I: SPENCER AGRICULTURAL ASSOCIATION, INC. ARTICLE II: SAID ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. THE BUSINESS ACTIVITY FOR SAID ORGANIZATION IS AS FOLLOWS: PROMOTION OF AGRICULTURE AND HORTICULTURAL ACTIVITIES. ARTICLE III: THERE SHALL BE ONE CLASS OF VOTING MEMBERSHIP AS DETERMINED BY THE BY-LAWS, WHICH MAY BE AMENDED FROM TIME TO TIME. ARTICLE IV: NO PART OF NET EARNINGS OF THIS ORGANIZATION SHALL INURE TO THE BENEFIT OF, OR BE DISTRIBUTABLE TO, ITS MEMBERS, TRUSTEES, OFFICERS, OR OTHER PRIVATE PERSONS, EXCEPT THAT THE CORPORATION SHALL BE AUTHORIZED AND EMPOWERED TO PAY REASONABLE COMPENSATION FOR SERVICES RENDERED AND TO MAKE PAYMENTS AND DISTRIBUTIONS IN FURTHERANCE OF THE PURPOSES SET FORTH HEREIN. NO SUBSTANTIAL PART OF THE ACTIVITIES OF THIS CORPORATION SHALL BE THE CARRYING ON OF PROPAGANDA OR OTHERWISE ATTEMPTING TO INFLUENCE LEGISLATION, AND THIS CORPORATION SHALL NOT PARTICIPATE IN, OR INTERVENE IN (INCLUDING THE PUBLISHING OR DISTRIBUTIONS OF STATEMENTS), ANY POLITICAL CAMPAIGN ON BEHALF OF OR IN OPPOSITION TO ANY CANDIDATE FOR PUBLIC OFFICE. NOTWITHSTANDING ANY OTHER PROVISION OF THIS DOCUMENT, THE CORPORATION SHALL NOT CARRY ON OTHER ACTIVITIES NOT PERMITTED TO BE CARRIED ON (A) BY A CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE, OR (B) BY A CORPORATION, CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE UNDER SECTION 170(C)(2) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. UPON THE DISSOLUTION OF THIS CORPORATION, ASSETS REMAINING SHALL BE DISTRIBUTED FOR ONE OR MORE EXEMPT PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX COE, OR SHALL BE DISTRIBUTED TO THE FEDERAL GOVERNMENT, OR TO A STATE OR LOCAL GOVERNMENT, FOR A PUBLIC PURPOSE. ANY SUCH ASSETS NOT SO DISPOSED OF SHALL BE DISPOSED BY A COURT OF COMPETENT JURISDICTION OF THE COUNTY IN WHICH THE PRINCIPAL OFFICE OF THE ORGANIZATION IS THEN LOCATED, EXCLUSIVELY FOR SUCH PURPOSES OR TO SUCH ORGANIZATION OR ORGANIZATIONS, AS SAID COURT SHALL DETERMINE, WHICH ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR SUCH PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHICH IS ITS BOARD OF DIRECTORS, MAY ELECT NEW MEMBERS TO THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS PRESENTED TO THE ORGANIZATION'S PRESIDENT AND TREASURER AND IS REVIEWED BEFORE IT IS FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BY VIRTUE OF A COPY OF FEDERAL FORM 990 AND A COPY OF THE REVIEWED FINANCIAL STATEMENTS HAVING TO ACCOMPANY MA FORM PC WHICH IS SUBMITTED TO THE ATTORNEY GENERAL, DIVISION OF PUBLIC CHARITIES, WHICH IS A PUBLIC DOCUMENT. SUCH INFORMATION IS MADE READILY AVAILABLE TO THE GENERAL PUBLIC. THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DONATIONS AND SCHOLARSHIPS 0 800 0 POSTAGE 0 1,185 0 VOLUNTEER APPRECIATION 0 7,627 0 PROPERTY AND OTHER TAXES 0 6,855 0 FAIR EXPENSES 140,349 0 0 REPAIRS AND MAINTENANCE 51,561 0 0 UTILITIES 13,744 0 0 SUPPLIES 6,155 0 0 DUES AND SUBSCRIPTIONS 265 0 0 TOTAL 212,074 16,467 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/FilingSecurityInformation/IPTm014:13:21
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHAUN RICHARD CPA PC
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ReturnHeader/PreparerPersonGrp/PhoneNum05088853065
ReturnHeader/PreparerPersonGrp/PreparationDt02020-01-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHAUN RICHARD
ReturnHeader/ReturnTs02020-02-29T14:13:21-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-11-01
ReturnHeader/TaxPeriodEndDt02019-10-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.49$0.05$6.44$6.09$6.15$0.06
2023Detailed filing. Detailed filing data is available for this year.$6.49$0.00$6.49$6.55$6.32$0.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.27$0.00$6.27$5.39$5.09$0.30
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.09$0.16$5.93$5.11$3.94$1.16
2020Detailed filing. Detailed filing data is available for this year.$5.80$1.01$4.79$0.64$1.35$0.71
2019Detailed filing. Detailed filing data is available for this year.$7.01$1.51$5.50$4.96$4.30$0.66
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.79$1.94$4.84$4.50$4.55$0.04
2017Summary only. Only limited summary data is available for this year.$7.31$2.34$4.97$4.81$5.58$0.77
2016Detailed filing. Detailed filing data is available for this year.$7.48$1.75$5.73$4.51$5.18$0.67
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.10$0.69$6.40$4.03$4.04$0.01
2014Summary only. Only limited summary data is available for this year.$6.63$0.21$6.41$4.11$3.87$0.24
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$6.29$0.37$5.92$3.27$3.74$0.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.33$0.00$6.33$3.59
2011Summary only. Only limited summary data is available for this year.$6.49$0.00$6.49$4.18$3.39$0.79
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)5 • $500k-$1M nonprofits