Lycoming County Fair Association EIN 24-0777607

Lycoming County Fair Association FY2021 filing

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Showcase local agriculture, horticulture, and mechanical innovations to the public. For fiscal year 2021 it reported $526K in revenue, $530K in expenses, and $413K in net assets.Pt I

Type
Membership association · Community Development
Location
Hughesville, PA
Website
www.lycomingfair.com
Filings
6 on file (2020–2021)
Revenue
$526KFY2021
Expenses
$530K
Net assets
$413K
People
10
Filings
6
Updates
0
More identity details & actions ⌄
EIN  24-0777607 Membership association Hughesville, PA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Showcase local agriculture, horticulture, and mechanical innovations to the public.
Leadership
Karen Yaw · Secretary · $6K
Money in and out
$526K revenue, $530K expenses
Bottom line
-0.6% operating surplus
Membership & operating revenue · FY2021
Total revenue
$526K
Pt VIII · Ln 12
Total expenses
$530K
Pt IX · Ln 25
Net assets
$413K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$3K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Operating surplus
-0.6%
revenue over expenses
Earned revenue
79%
of revenue from program services & dues
Payroll share
18%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$526K
FY2021▲ +15%
Expenses
$530K
FY2021▲ +21%
Total assets
$427K
FY2021▼ -5%
Total liabilities
$14K
FY2021▼ -59%
Total revenue
$526K
Pt VIII · Ln 12
Total expenses
$530K
Pt IX · Ln 25
Net assets
$413K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$3K
Total assetsPt X · Ln 16$427K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $523K of program spending, described in the organization's own filed words · FY2020.
01

To provide an agricultural, hotricultural, mechanical, and musical entertainment exposition for the benefit of the general public.

$523Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLycoming County Fair Association
EINHdr · item D24-0777607
Principal addressHdr · item CHughesville, PA
WebsiteHdr · item Jwww.lycomingfair.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFJun 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Secretary
$5,625Pt VII · Sec A
President
$3,500Pt VII · Sec A
Treasurer
$1,500Pt VII · Sec A
$455Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Karen Yaw’s $4K as Secretary is at the 3rd percentile of top reported officer pay among 1711 $100K–1M community development 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

NameFY2023FY2022FY2021
Karen Yaw$3,750$3,750$5,625
James E Reed$3,500$3,750$3,500
Clifford Yaw$2,000$1,750$1,500
Michael Beiber$1,700$500$455
Bruce Koppenhaver$1,330
Richard F Heydenreich$800

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.

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Statement of Revenue

Part VIII
Program service revenue$414K · 79%
Other revenue$84K · 16%
Contributions & grants$29K · 6%
Program service revenue79%$414K
Other revenue16%$84K
Contributions & grants6%$29K
Investment income$131
— government grantsLn 1e$29K
Total revenueLn 12$526K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$523K
Management & general1%$7K
Total functional expensesLn 25$530K

Balance Sheet

Part X · end of year
CashLn 1$280K
Total assetsLn 16$427K
Total liabilitiesLn 26$14K
Total net assetsLn 32$413K
Months of cash on handcomputed6.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $280K · Operating expenses/yr $530K
6.4 months
Where the money goes
Program services
Program services $523K · Total expenses $530K
99%
Management & General
Management & general $7K · Total expenses $530K
1%
Fundraising
Fundraising $0 · Total expenses $530K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $29K · Total revenue $526K
6%
Government reliance
Government grants $29K · Total revenue $526K
6%
Earned-income share
Program service revenue $414K · Total revenue $526K
79%
Investment reliance
Investment income $131 · Total revenue $526K
+0.02%
Program self-sufficiency
Program service revenue $414K · Total expenses $530K
78%
Growth & trend
Revenue growth (YoY)
This year $526K · Prior year $457K
+15%
Net-asset trend (YoY)
End of year $413K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $526K · Expenses $530K
-0.6%
Liabilities-to-Assets
Total liabilities — · Total assets $427K
Net-asset ratio
Net assets $413K · Total assets $427K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $427K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Karen Yaw · Reported title SECRETARY · Highest reported compensation $6K · Total expenses $530K
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $94K · Total expenses $530K
18%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Fundraising cost ratio 0%
Revenue growth 15%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Eqt FoundationFY2024$21K
Group ReturnFY2024$20K
Total grants receivedfrom 2 funders$41K

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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
FY2025 (Latest)$789K revenue · ⤓ 990 PDF
FY2024$617K revenue · ⤓ 990 PDF
FY2023$679K revenue · ⤓ 990 PDF
FY2022$628K revenue · ⤓ 990 PDF
FY2021$526K revenue · viewing · ⤓ 990 PDF
FY2020$457K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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