Boone County Fair Association FY2021 filing

Tax-deductible

Belvidere, IL501(c)(3)Since 1957Food & AgricultureEIN 23-7166010Revenue $1.7M in FY2021

On file with the IRSboonecountyfair.comPo Box 456, 61008-0456 · Belvidere, ILTax-exempt since Jul 2011Publicly supported charity — 170(b)(1)(A)(vi)

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Operation of an agricultural County Fair. Many service clubs and tax-exempt organizations use Fair as their fund raisers.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$20K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $46K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$20K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Named funders
2
named funders · $24K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$442K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+318% vs prior year
Spent
$1.5M
To programs
93%
Net assets
$2.6M
By yearFY2020–FY2025
Revenue
$1.7M
FY2021▲ +318%
Tap a bar for its year
Revenue by fiscal year
FY2020$404K
FY2021$1.7M
FY2022$2.1M
FY2023$2.1M
FY2024$2.5M
FY2025$2.3M
Expenses
$1.5M
FY2021▲ +147%
Tap a bar for its year
Expenses by fiscal year
FY2020$607K
FY2021$1.5M
FY2022$1.7M
FY2023$1.7M
FY2024$2.2M
FY2025$3.3M
Net assets
$2.6M
FY2021▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$2.6M
FY2022$3.0M
FY2023$3.5M
FY2024$3.9M
FY2025$2.8M

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $1.4M Management & general 7% · $109K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

35 people listed on the 990; $20K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2021 filing did not itemize Part VII
President
$5,000Pt VII · Sec A
Vice Preside
$5,000Pt VII · Sec A
Secretary
$5,000Pt VII · Sec A
Treasurer
$5,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jack Ratcliffe’s $10K as President is at the 2nd percentile of top reported officer pay among 819 $1–10M food & agriculture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Jack Ratcliffe$10,000$10,000$5,000$5,000
Susan Banks$10,000$10,000$5,000$5,000
Russell Caldwelll$10,000———
John Henninger$10,000———
Lyle Lee——$5,000$5,000
Paul Zeien——$5,000$5,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Boone County Fair Association executive salaries →

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Programs and updates

Operates an agricultural county fair, serving as a fundraiser for many service and tax-exempt groups.

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Provided by the organization

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1 program · $486K · in their own filed words · FY2019
01

Operation of an agricultural county fair. Many service clubs use our fair as their fund raisers.

$486Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$24K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Other incomeLn 4–11$1.6M
Gifts and grantsLn 1h$108K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.4M
Managementcol C$109K
Owns and owesPt X
$2.6M
net assets · Ln 32
Total assetsLn 16$3.0M
LiabilitiesLn 26$442K
PeoplePt VI, VII
35
listed · VII A
PaidVII A4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$108K
Other incomeLn 4–11$1.6M
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
Total assetsLn 16$3.0M
LiabilitiesLn 26$442K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.3M$3.3M−$1.0M$2.8M 990 PDF
FY2024 $2.5M$2.2M$368K$3.9M 990 PDF
FY2023 $2.1M$1.7M$490K$3.5M 990 PDF
FY2022 $2.1M$1.7M$476K$3.0M 990 PDF
FY2021 Viewing $1.7M$1.5M$191K$2.6M 990 PDF
FY2020 $404K$607K−$203K$2.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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