Union County Fair INC FY2020 filing

Not tax-deductible

Sturgis, KY501(c)(4)Since 1993 EIN 31-1381462Revenue $224K in FY2020

On file with the IRSPo Box 325, 42459-0325 · Sturgis, KYTax-exempt since Jul 1994

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To conduct and operate the annual Union County Fair which is a week long event for the benefit and development of the agricultural and horticultural resources of this area.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
68¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
5 of 6
filings with a surplus
Average surplus $38K a year · 14% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
38
of 39 voting members
Looks good: 38 of 39 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$224K
Spent
$179K
To programs
68%
Net assets
$119K
By yearFY2020–FY2025
Revenue
$224K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$224K
FY2021$370K
FY2022$358K
FY2023$277K
FY2024$192K
FY2025$250K
Expenses
$179K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$179K
FY2021$293K
FY2022$353K
FY2023$347K
FY2024$127K
FY2025$145K
Net assets
$119K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$119K
FY2021$197K
FY2022$202K
FY2023$133K
FY2024$204K
FY2025$308K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1994.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $122K Management & general 32% · $57K

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

39 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Union County Fair INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Operates an annual week-long fair to benefit local agriculture and horticulture.

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Provided by the organization

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1 program · $122K · in their own filed words · FY2020
01

Union county fair and agricultural exhibits for one week each july. Approximately 10,000 in attendance.

$122Kprogram 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 1 funder$500

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$224K
Ln 12
Fees for servicesLn 2g$191K
Other incomeLn 4–11$33K
Investment incomeLn 3$57
Money outPt IX
$179K
Ln 25
Programscol B$122K
Managementcol C$57K
Owns and owesPt X
$119K
net assets · Ln 32
Cash and savingsLn 1–2$73K
Total assetsLn 16$129K
LiabilitiesLn 26$10K
PeoplePt VI, VII
39
listed · VII A
PaidVII A0
Voting boardVI 1a39
IndependentVI 1b38
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$191K
Investment incomeLn 3$57
Other incomeLn 4–11$33K
Total revenueLn 12$224K
Assets in detailPt X, end of year
CashLn 1$70K
SavingsLn 2$3K
Cash and savings togetherLn 1–2$73K
Land, buildings, equipmentLn 10c$57K
Total assetsLn 16$129K
LiabilitiesLn 26$10K
Net assetsLn 32$119K
OperationsPt I, VI
EmployeesI 50
VolunteersI 642
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$15K$73K
Land, buildings, equipmentLn 10c$60K$57K
Total assetsLn 16$76K$129K
LiabilitiesLn 26$2K$10K
Net assetsLn 32$74K$119K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$34K$34K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$950$950
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$2K$2K
OccupancyLn 16$27K$27K
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$86K$74K$13K
All other expensesLn 24e$5K$562$4K
Total functional expensesLn 25$179K$122K$57K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $250K$145K$105K$308K 990 PDF
FY2024 $192K$127K$65K$204K 990 PDF
FY2023 $277K$347K−$69K$133K 990 PDF
FY2022 $358K$353K$5K$202K 990 PDF
FY2021 $370K$293K$78K$197K 990 PDF
FY2020 Viewing $224K$179K$45K$119K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $223,967 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,000$0
I-9 Program service revenuePrior year $198,401$191,140
I-10 Investment incomePrior year $17$57
I-11 Other revenuePrior year $56,381$32,770
I-12 Total revenuePrior year $264,799$223,967
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $46,290$36,264
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $245,814$142,642
I-18 Total expensesPrior year $292,104$178,906
I-19 Revenue less expensesPrior year −$27,305$45,061
Part VI · Governance 38 of 39 board members independent, 4 to look at
VI-1a Voting members of the governing body39
VI-1b Independent voting members38
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $223,967 across 5 lines filed
Lines not itemized here account for $2,393 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $191,140$191,140
VIII-3 Investment incomeExcluded from tax $57$57
VIII-6 Net rental income or lossExcluded from tax $29,576$29,576
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $801$801
VIII-12 Total revenueRelated to mission $194,334 · Excluded from tax $29,633$223,967
Part IX · Statement of functional expenses $178,906 across 10 lines filed
IX-7 Other salaries and wagesManagement $33,618$33,618
IX-10 Payroll taxesManagement $2,646$2,646
IX-11c Accounting feesManagement $950$950
IX-12 Advertising and promotionPrograms $1,690$1,690
IX-13 Office expensesManagement $2,407$2,407
IX-16 OccupancyPrograms $27,185$27,185
IX-22 Depreciation, depletion and amortizationPrograms $8,551$8,551
IX-23 InsurancePrograms $10,489$10,489
IX-24 Other expenses (24a–d)Programs $73,848 · Management $12,542$86,390
IX-24e All other expensesPrograms $562 · Management $4,418$4,980
IX-25 Total functional expensesPrograms $122,325 · Management $56,581 · Fundraising $0$178,906
Part X · Balance sheet $129,280 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $12,465$69,730
X-2 Savings and temporary cash investmentsStart of year $2,993$2,993
X-10c Land, buildings and equipment, netStart of year $60,448$56,557
X-16 Total assetsStart of year $75,906$129,280
X-17 Accounts payable and accrued expensesStart of year $1,567$935
X-25 Other liabilities$8,945
X-26 Total liabilitiesStart of year $1,567$9,880
X-32 Total net assets or fund balancesStart of year $74,339$119,400
X-33 Total liabilities and net assetsStart of year $75,906$129,280
Part XI · Reconciliation of net assets $119,400 net assets at year end
XI-1 Total revenue$223,967
XI-2 Total expenses$178,906
XI-3 Revenue less expenses$45,061
XI-4 Net assets at start of year$74,339
XI-10 Net assets at end of year$119,400

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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