Civic Intelligence

Agnes Smith Mcdowell Trust

990 • Fiscal year 2024 • EIN 32-0186585

Jan 01, 2024 to Dec 31, 2024 • Filed on Oct 29, 2025

Refreshing map…

103 Court StreetCynthiana, KY 41031

(859) 489-4832

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

5th percentile

-62%

Higher net margin than 5% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

25th percentile

$40,275

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 14.1% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

24th percentile

-2.6%

Faster asset growth than 24% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

70th percentile

23%

Faster revenue growth than 70% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,600,478

Up $1,290,078 (+24%) from 2021

Net Assets

Up

$6,600,478

Up $1,290,078 (+24%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$285,668

Down $65,751 (-19%) from 2021

Expenses

Up

$463,928

Up $235,583 (+103%) from 2021

Net Income

Down

-$178,260

Down $301,334 (-245%) from 2021

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,876,243Liabilities 2011: $141Net Assets 2011: $4,876,1022011Assets 2012: $4,868,342Liabilities 2012: $141Net Assets 2012: $4,868,2012012Assets 2013: $4,945,857Liabilities 2013: $0Net Assets 2013: $4,945,8572013Assets 2014: $5,058,791Liabilities 2014: $0Net Assets 2014: $5,058,7912014Assets 2015: $5,037,263Liabilities 2015: $0Net Assets 2015: $5,037,2632015Assets 2016: $4,849,155Liabilities 2016: $0Net Assets 2016: $4,849,1552016Assets 2020: $5,187,326Liabilities 2020: $0Net Assets 2020: $5,187,3262020Assets 2021: $5,310,400Liabilities 2021: $0Net Assets 2021: $5,310,4002021Assets 2024: $6,600,478Liabilities 2024: $0Net Assets 2024: $6,600,4782024

Highlighted filing

2024

Assets$6,600,478
Liabilities$0
Net Assets$6,600,478

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $201,5252011Expenses 2012: $266,1122012Revenue 2013: $379,672Expenses 2013: $302,016Net Income 2013: $77,6562013Revenue 2014: $364,398Expenses 2014: $251,464Net Income 2014: $112,9342014Revenue 2015: $245,578Expenses 2015: $267,106Net Income 2015: -$21,5282015Revenue 2016: $130,840Expenses 2016: $318,948Net Income 2016: -$188,1082016Revenue 2020: $265,108Expenses 2020: $231,028Net Income 2020: $34,0802020Revenue 2021: $351,419Expenses 2021: $228,345Net Income 2021: $123,0742021Revenue 2024: $285,668Expenses 2024: $463,928Net Income 2024: -$178,2602024

Highlighted filing

2024

Revenue$285,668
Expenses$463,928
Net Income-$178,260
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 29, 2025
Return Version
2024v5.2
Gross Receipts
$614,296
Mission and Program Overview

Mission

Agnes mcdowell's farm was subdivided into five separate farms to be used to develop innovative farming techniques by local "young farmers"

Funds should be utilized for the benefit maintenance and improvement of voag classes taught at harrison co high school

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$6,778,738$6,600,478▼ $178,260
Land, Buildings, and Equipment, Net$4,951,905$5,011,821▲ $59,916
Investments in Publicly Traded Securities$1,773,957$1,517,683▼ $256,274
Savings and Temporary Cash Investments$11,502$47,019▲ $35,517
Cash and Non-Interest-Bearing Accounts$41,374$23,955▼ $17,419
Total Assets$6,778,738$6,600,478▼ $178,260
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,778,738$6,600,478▼ $178,260
Total Liabilities and Net Assets / Fund Balance$6,778,738$6,600,478▼ $178,260

Asset Categories

AssetBook ValueDepreciationBasis
Land$4,639,513-$2,795,478
Equipment$150,286$239,349$389,635
Other Land Buildings$126,449$204,845$330,909
Buildings$80,648$221,706$284,978
Leasehold Improvements$14,925$3,264-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John R ArnoldTrusteePT$40,275$40,275
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$173,180
Investment Income
$103,233
Other Revenue
$9,255
Change in Net Assets
$-178,260
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$393,653
Salaries, Compensation, and Employee Benefits$40,275
Grants and Similar Amounts Paid$30,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$104,463--$104,463
Depreciation Depletion$59,109--$59,107
Current Officers, Directors, Trustees, and Key Employees$20,137$20,138-$40,275
Grants to Domestic Orgs$30,000--$30,000
Other Expenses$12,137--$12,137
Insurance$11,017--$11,017
Fees for Services Accounting$2,811$2,811-$5,622
Fees for Services Legal$2,000$2,000-$4,000
Information Technology$3,565--$3,565
Office Expenses-$199-$199
Advertising-$20-$20
Total Functional Expenses$438,762$25,168$0$463,928
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Harrison County Bd of EducCynthiana, KY-To Enhance Vo Ag Classes$30,000
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
Lobbying activity
No
Subject to proxy tax
No
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 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 11B

The Trustee reviews Form990 prior to submission and signing.

Part VI Line 19

All documents are made available to the public upon request to the Trustee.

Part VI Line 11B

Form 990 is provided to trustee for review before signature &

part VI line 11B

FILING TO IRS

Part VI Line 19

Governing documents, conflict of interest policy & financial

part VI line 19

Statements are availabe upon written request to the public

Filing and Contact Details

Filer

Filer Name
Agnes Smith Mcdowell Trust
EIN
32-0186585
In Care Of
% JOHN R ARNOLD
Phone
8594894832
Address
103 Court Street, CYNTHIANA, KY 41031
Doing Business As
103 Court Street

Signing Officer

Name
John R Arnold
Title
Trustee
Phone
8594894832
Signed
2025-10-29

Organization Details

Principal Officer
John R Arnold
Formed
2006
Legal Domicile
Ky
Voting Board Members
1
Independent Board Members
1
Employees
0
Supplemental Narrative

Additional Explanations

Part IX Line 24E

FEED Total expenses - $14399.00 Program service expenses - $14399.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

FERTILIZER/CHEMICALS Total expenses - $13966.00 Program service expenses - $13966.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

SOYBEANS Total expenses - $24764.00 Program service expenses - $24764.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

TOBACCO Total expenses - $2031.00 Program service expenses - $2031.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

ADMIN/MISC Total expenses - $1794.00 Program service expenses - $1794.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

FUEL Total expenses - $7226.00 Program service expenses - $7226.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

HAY Total expenses - $22788.00 Program service expenses - $22788.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

VET Total expenses - $534.00 Program service expenses - $534.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

UTILITIES Total expenses - $4655.00 Program service expenses - $4655.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

MOWING/BUSHHOGGING Total expenses - $12306.00 Program service expenses - $12306.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

All other functional expenses

FEED Pt IX Ln24E

14,399

FERTILIZER PtIXL24E

10,701

Soybeans Ptixl 24E

24,764

TOBACCO Pt IX L 24E

2,031

ADMIN/MISCPtIX L24E

1,794

FUEL PtIx L24E

7,226

HAY PtIX L24E

22,788

VET PtIX L 24E

534

UTILITIES PtIX L24E

4,655

CHEMICALS PtIxL24E

3,265

MOW/BUSHHOG PtIx L24E

12,306

Total Pt9 L 24E

_________

Part 9 line 24E

96,236

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IRS990/MissionDesc0AGNES MCDOWELL'S FARM WAS SUBDIVIDED INTO 5 FARMS ORIGINALLY, HOWEVER THE TRUST HAS ACQUIRED MORE LAND ADJOINING WITH HOPES TO ADD A 6TH FARM TO BE USED TO DEVELOP INNOVATIVE FARMING TECNIQUES BY LOCAL YOUNG FARMERS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0The farm land left by the will of Agnes McDowell was divided into 5 tracts originally but since has acquired additional adjoining land with hopes to devolop a 6th tract, 7 young local farmers are using the land for corn, soybeans, tobacco, hay and cattle for themselves. The Trust has a landlord/tenant relationship in which these farmers may farm for a period of 8 years and the Trust pays a portion of the expenses in return for a percentage of the profits.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Trust contributes funds to the Harrison Co Bd of Ed to help maintain & improve the VO AG ED Dept in Harrison County Schools
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The organiztions supoorting Harrison Co Bd of Education with monetary donations
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0HARRISON COUNTY BOARD OF EDUCATION SCHOOLS
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ENHANCE VO AG CLASSES
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0330 WEBSTER AVE
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0KY
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0MONEY IS GIVEN TO HARRISON COUNTY BOARD OF EDUCATION TO ASSIST WITH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1THE MIDDLE AND HIGH SCHOOL VOAG CLASSES TO ENHANCE THEIR PROGRAMS
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt2AND HELP WITH THEIR TRANSPORTATION AND REGISTRATION TO CONFERENCES
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt3AND FAIRS TO SHOWCASE THEIR PRIZE ANIMALS AND SCIENCE PROJECTS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Trustee reviews Form990 prior to submission and signing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All documents are made available to the public upon request to the Trustee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FEED Total expenses - $14399.00 Program service expenses - $14399.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FERTILIZER/CHEMICALS Total expenses - $13966.00 Program service expenses - $13966.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SOYBEANS Total expenses - $24764.00 Program service expenses - $24764.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TOBACCO Total expenses - $2031.00 Program service expenses - $2031.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ADMIN/MISC Total expenses - $1794.00 Program service expenses - $1794.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FUEL Total expenses - $7226.00 Program service expenses - $7226.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8HAY Total expenses - $22788.00 Program service expenses - $22788.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9VET Total expenses - $534.00 Program service expenses - $534.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10UTILITIES Total expenses - $4655.00 Program service expenses - $4655.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11MOWING/BUSHHOGGING Total expenses - $12306.00 Program service expenses - $12306.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12FORM 990 IS PROVIDED TO TRUSTEE FOR REVIEW BEFORE SIGNATURE &
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13FILING TO IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY & FINANCIAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15STATEMENTS ARE AVAILABE UPON WRITTEN REQUEST TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16ALL OTHER FUNCTIONAL EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1714,399
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1810,701
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1924,764
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt202,031
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt211,794
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2712,306
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt28_________
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2996,236
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20TOBACCO Pt Ix l 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21ADMIN/MISCPtIX L24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc22FUEL PtIx L24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc23HAY PtIX L24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc24VET PtIX L 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc25UTILITIES PtIX L24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc26CHEMICALS PtIxL24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc27MOW/BUSHHOG PtIx L24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc28TOTAL PT9 L 24E
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