Stephenson County Fair Association FY2021 filing

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

501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2021 · 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
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$60K
15% of total assets
Looks good: liabilities are 15% 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
$458K
+247% vs prior year
Spent
$464K
To programs
100%
Net assets
$343K
By yearFY2020–FY2024
Revenue
$458K
FY2021▲ +247%
Tap a bar for its year
Revenue by fiscal year
FY2020$132K
FY2021$458K
FY2022$732K
FY2023$657K
FY2024$665K
Expenses
$464K
FY2021▲ +241%
Tap a bar for its year
Expenses by fiscal year
FY2020$136K
FY2021$464K
FY2022$620K
FY2023$685K
FY2024$645K
Net assets
$343K
FY2021▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$349K
FY2021$343K
FY2022$456K
FY2023$427K
FY2024$447K

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

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $464K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

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Provided by the organization

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1 program · $464K · in their own filed words · FY2020
01

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

$464Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$458K
Ln 12
Fees for servicesLn 2g$324K
Gifts and grantsLn 1h$73K
Other incomeLn 4–11$61K
Money outPt IX
$464K
Ln 25
Programscol B$464K
Owns and owesPt X
$343K
net assets · Ln 32
Cash and savingsLn 1–2$131K
Total assetsLn 16$403K
LiabilitiesLn 26$60K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$73K
Government grantsLn 1e$14K
Fees for servicesLn 2g$324K
Investment incomeLn 3$312
Other incomeLn 4–11$61K
Total revenueLn 12$458K
Assets in detailPt X, end of year
CashLn 1$131K
Cash and savings togetherLn 1–2$131K
Land, buildings, equipmentLn 10c$260K
Total assetsLn 16$403K
LiabilitiesLn 26$60K
Net assetsLn 32$343K
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 FY21End FY21
Cash and savingsLn 1–2$137K$131K
Land, buildings, equipmentLn 10c$242K$260K
Total assetsLn 16$393K$403K
LiabilitiesLn 26$44K$60K
Net assetsLn 32$349K$343K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$75K
Payroll taxesLn 10$7K
Accounting feesLn 11c$6K
Advertising and promotionLn 12$14K
Office expensesLn 13$5K
OccupancyLn 16$15K
Depreciation, depletion and amortizationLn 22$29K
Other expenses (24a–d)Ln 24$309K
All other expensesLn 24e$5K
Total functional expensesLn 25$464K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $665K$645K$21K$447K 990 PDF
FY2023 $657K$685K−$29K$427K 990 PDF
FY2022 $732K$620K$112K$456K 990 PDF
FY2021 Viewing $458K$464K−$6K$343K 990 PDF
FY2020 $132K$136K−$4K$349K 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 FY2021 990 (6 parts)
Part I · Summary $458,035 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $70,234$72,589
I-9 Program service revenuePrior year $12,222$323,970
I-10 Investment incomePrior year $432$312
I-11 Other revenuePrior year $49,226$61,164
I-12 Total revenuePrior year $132,114$458,035
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $52,310$81,392
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $83,792$382,449
I-18 Total expensesPrior year $136,102$463,841
I-19 Revenue less expensesPrior year −$3,988−$5,806
Part VI · Governance 16 of 16 board members independent, 3 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $458,035 across 8 lines filed
VIII-1e Government grants$14,291
VIII-1f All other contributions, gifts and grants$58,298
VIII-1h Total contributions, gifts and grants$72,589
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $323,970$323,970
VIII-3 Investment incomeRelated to mission $312$312
VIII-6 Net rental income or lossRelated to mission $59,697$59,697
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,467$1,467
VIII-12 Total revenueRelated to mission $385,446 · Unrelated business $0 · Excluded from tax $0$458,035
Part IX · Statement of functional expenses $463,841 across 9 lines filed
IX-7 Other salaries and wages$74,864
IX-10 Payroll taxes$6,528
IX-11c Accounting fees$5,737
IX-12 Advertising and promotion$13,584
IX-13 Office expenses$4,691
IX-16 Occupancy$14,662
IX-22 Depreciation, depletion and amortization$29,416
IX-24 Other expenses (24a–d)$309,164
IX-24e All other expenses$5,195
IX-25 Total functional expenses$463,841
Part X · Balance sheet $403,266 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $137,364$131,080
X-3 Pledges and grants receivableStart of year $13,485$12,343
X-10c Land, buildings and equipment, netStart of year $241,860$259,843
X-16 Total assetsStart of year $392,709$403,266
X-17 Accounts payable and accrued expensesStart of year $107$2,023
X-19 Deferred revenueStart of year $43,615$53,862
X-25 Other liabilitiesStart of year $0$4,200
X-26 Total liabilitiesStart of year $43,722$60,085
X-27 Net assets without donor restrictionsStart of year $348,987$343,181
X-32 Total net assets or fund balancesStart of year $348,987$343,181
X-33 Total liabilities and net assetsStart of year $392,709$403,266
Part XI · Reconciliation of net assets $343,181 net assets at year end
XI-1 Total revenue$458,035
XI-2 Total expenses$463,841
XI-3 Revenue less expenses−$5,806
XI-4 Net assets at start of year$348,987
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$343,181

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

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