Will County Fair Association FY2022 filing

Not tax-deductible

Peotone, IL501(c)(5)EIN 36-6065715

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Operate the Will County Fair.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $39K a year · 7% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$704K
+69% vs prior year
Spent
$622K
To programs
100%
Net assets
$754K
By yearFY2020–FY2023
Revenue
$704K
FY2022▲ +69%
Revenue by fiscal year
FY2020$334K
FY2021$415K
FY2022$704K
FY2023$694K
Expenses
$622K
FY2022▲ +8%
Expenses by fiscal year
FY2020$427K
FY2021$573K
FY2022$622K
FY2023$682K
Net assets
$754K
FY2022▲ +12%
Net assets by fiscal year
FY2020$830K
FY2021$672K
FY2022$754K
FY2023$766K

From the FY2022 Form 990 (year ending November 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Dec 1966.

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% · $622K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Will 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

Will County Fair Association is a member-serving organization based in Peotone, IL.

Provided by the organization

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1 program · in their own filed words · FY2021
01

All income including our grant each year from the illinois dept. Of agriculture bureau of county fairs is used to promote the 5 day county fair for agricultural education. Grants from the illinois dept. Of agriculture are audited by them from the original copies of receipts.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$704K
Ln 12
Fees for servicesLn 2g$396K
Gifts and grantsLn 1h$155K
Other incomeLn 4–11$151K
Money outPt IX
$622K
Ln 25
Programscol B$622K
Owns and owesPt X
$754K
net assets · Ln 32
Cash and savingsLn 1–2$150K
Total assetsLn 16$754K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$155K
Government grantsLn 1e$146K
Fees for servicesLn 2g$396K
Investment incomeLn 3$580
Other incomeLn 4–11$151K
Total revenueLn 12$704K
Assets in detailPt X, end of year
CashLn 1$150K
Cash and savings togetherLn 1–2$150K
Other assetsLn 15$604K
Total assetsLn 16$754K
LiabilitiesLn 26$0
Net assetsLn 32$754K
OperationsPt I, VI
EmployeesI 53
VolunteersI 650
Fiscal year endsHeaderNovember
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 FY22End FY22
Cash and savingsLn 1–2$68K$150K
Total assetsLn 16$672K$754K
LiabilitiesLn 26$0$0
Net assetsLn 32$672K$754K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$31K$31K
Payroll taxesLn 10$3K$3K
Legal feesLn 11b$4K$4K
Other fees for servicesLn 11g$23K$23K
Advertising and promotionLn 12$37K$37K
Office expensesLn 13$30K$30K
Information technologyLn 14$2K$2K
OccupancyLn 16$79K$79K
Conferences, conventions and meetingsLn 19$10K$10K
Payments to affiliatesLn 21$65K$65K
InsuranceLn 23$60K$60K
Other expenses (24a–d)Ln 24$229K$229K
All other expensesLn 24e$48K$48K
Total functional expensesLn 25$622K$622K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $694K$682K$12K$766K 990 PDF
FY2022 Viewing $704K$622K$82K$754K 990 PDF
FY2021 $415K$573K−$158K$672K 990 PDF
FY2020 $334K$427K−$94K$830K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $703,738 across 8 lines filed
Lines not itemized here account for $5,030 of total revenue; see the IRS return.
VIII-1e Government grants$146,402
VIII-1f All other contributions, gifts and grants$8,950
VIII-1h Total contributions, gifts and grants$155,352
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $391,461$391,461
VIII-3 Investment incomeRelated to mission $580$580
VIII-6 Net rental income or lossRelated to mission $146,782$146,782
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,533$4,533
VIII-12 Total revenueRelated to mission $548,386$703,738
Part IX · Statement of functional expenses $621,766 across 13 lines filed
IX-7 Other salaries and wagesPrograms $31,095$31,095
IX-10 Payroll taxesPrograms $2,843$2,843
IX-11b Legal feesPrograms $4,130$4,130
IX-11g Other fees for servicesPrograms $22,830$22,830
IX-12 Advertising and promotionPrograms $36,827$36,827
IX-13 Office expensesPrograms $30,115$30,115
IX-14 Information technologyPrograms $2,380$2,380
IX-16 OccupancyPrograms $79,432$79,432
IX-19 Conferences, conventions and meetingsPrograms $9,534$9,534
IX-21 Payments to affiliatesPrograms $65,058$65,058
IX-23 InsurancePrograms $60,323$60,323
IX-24 Other expenses (24a–d)Programs $229,020$229,020
IX-24e All other expensesPrograms $48,179$48,179
IX-25 Total functional expensesPrograms $621,766 · Management $0 · Fundraising $0$621,766
Part X · Balance sheet $754,016 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $68,383$150,355
X-15 Other assetsStart of year $603,661$603,661
X-16 Total assetsStart of year $672,044$754,016
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $672,044$754,016
X-33 Total liabilities and net assetsStart of year $672,044$754,016
Part XI · Reconciliation of net assets $754,016 net assets at year end
XI-1 Total revenue$703,738
XI-2 Total expenses$621,766
XI-3 Revenue less expenses$81,972
XI-4 Net assets at start of year$672,044
XI-10 Net assets at end of year$754,016

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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