Stephenson County Fair Association

Not tax-deductible

Freeport, IL501(c)(5)EIN 36-2441173

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Annual County Fair to promote agriculture and education for youth in a safe environment.

Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $19K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$96K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$665K
+1% vs prior year
Spent
$645K
Net assets
$447K
By yearFY2020–FY2024
Revenue
$665K
FY2024▲ +1%
Revenue by fiscal year
FY2020$132K
FY2021$458K
FY2022$732K
FY2023$657K
FY2024$665K
Expenses
$645K
FY2024▼ -6%
Expenses by fiscal year
FY2020$136K
FY2021$464K
FY2022$620K
FY2023$685K
FY2024$645K
Net assets
$447K
FY2024▲ +5%
Net assets by fiscal year
FY2020$349K
FY2021$343K
FY2022$456K
FY2023$427K
FY2024$447K

From the FY2024 Form 990 (year ending October 2024) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1957.

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

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Stephenson County Fair Association 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Hosts an annual county fair promoting agriculture and youth education.

Provided by the organization

This section is blank until Stephenson County Fair Association claims this page.

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1 program service, described in the organization's own filed words · FY2023.
01

County fair provided for area youth & parents to exhibit & educate in livestock, produce, food, clothing, etc.

Pt IX · col B

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$665K
Ln 12
Fees for servicesLn 2g$547K
Gifts and grantsLn 1h$69K
Other incomeLn 4–11$48K
Money outPt IX
$645K
Ln 25
Owns and owesPt X
$447K
net assets · Ln 32
Cash and savingsLn 1–2$152K
Total assetsLn 16$544K
LiabilitiesLn 26$96K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$69K
Government grantsLn 1e$69K
Fees for servicesLn 2g$547K
Investment incomeLn 3$1K
Other incomeLn 4–11$48K
Total revenueLn 12$665K
Assets in detailPt X, end of year
CashLn 1$152K
Cash and savings togetherLn 1–2$152K
Land, buildings, equipmentLn 10c$365K
Total assetsLn 16$544K
LiabilitiesLn 26$96K
Net assetsLn 32$447K
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$167K$152K
Land, buildings, equipmentLn 10c$306K$365K
Total assetsLn 16$479K$544K
LiabilitiesLn 26$52K$96K
Net assetsLn 32$427K$447K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$105K
Payroll taxesLn 10$9K
Accounting feesLn 11c$7K
Advertising and promotionLn 12$14K
Office expensesLn 13$10K
OccupancyLn 16$26K
Depreciation, depletion and amortizationLn 22$23K
Other expenses (24a–d)Ln 24$432K
All other expensesLn 24e$18K
Total functional expensesLn 25$645K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $665K$645K$21K$447K 990 PDF
FY2023 $657K$685K−$29K$427K 990 PDF
FY2022 $732K$620K$112K$456K 990 PDF
FY2021 $458K$464K−$6K$343K 990 PDF
FY2020 $132K$136K−$4K$349K 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
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $665,447 across 7 lines filed
VIII-1e Government grants$68,923
VIII-1f All other contributions, gifts and grants$151
VIII-1h Total contributions, gifts and grants$69,074
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $546,510$546,510
VIII-3 Investment incomeRelated to mission $1,399$1,399
VIII-6 Net rental income or lossRelated to mission $48,464$48,464
VIII-12 Total revenueRelated to mission $596,373 · Unrelated business $0 · Excluded from tax $0$665,447
Part IX · Statement of functional expenses $644,933 across 9 lines filed
IX-7 Other salaries and wages$105,484
IX-10 Payroll taxes$8,593
IX-11c Accounting fees$6,974
IX-12 Advertising and promotion$14,297
IX-13 Office expenses$10,174
IX-16 Occupancy$26,014
IX-22 Depreciation, depletion and amortization$23,269
IX-24 Other expenses (24a–d)$432,440
IX-24e All other expenses$17,688
IX-25 Total functional expenses$644,933
Part X · Balance sheet $543,819 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $167,423$151,645
X-3 Pledges and grants receivableStart of year $5,504$26,943
X-10c Land, buildings and equipment, netStart of year $306,256$365,231
X-16 Total assetsStart of year $479,183$543,819
X-17 Accounts payable and accrued expensesStart of year $3,378$8,144
X-19 Deferred revenueStart of year $48,464$88,004
X-25 Other liabilitiesStart of year $412$228
X-26 Total liabilitiesStart of year $52,254$96,376
X-27 Net assets without donor restrictionsStart of year $426,929$447,443
X-32 Total net assets or fund balancesStart of year $426,929$447,443
X-33 Total liabilities and net assetsStart of year $479,183$543,819
Part XI · Reconciliation of net assets $447,443 net assets at year end
XI-1 Total revenue$665,447
XI-2 Total expenses$644,933
XI-3 Revenue less expenses$20,514
XI-4 Net assets at start of year$426,929
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$447,443

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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