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Monroe County Fair Assn

Not tax-deductible

Waterloo, IL501(c)(5)Since 1948EIN 37-6026716

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To promote the developement of the resources of Monroe County, illinois, in all lines of agriculture, home economics, education, and business through the medium of an annual County Fair.

96¢ of each $1 spent went to programs.
Run by 200 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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
4 of 5
filings with a surplus
Average surplus $83K a year · 17% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$633K
+0.2% vs prior year
Spent
$588K
To programs
96%
Net assets
$1.9M
By yearFY2020–FY2024
Revenue
$633K
FY2024+0.2%
Revenue by fiscal year
FY2020$125K
FY2021$484K
FY2022$643K
FY2023$542K
FY2024$631K
FY2024$633K
Expenses
$588K
FY2024▲ +6%
Expenses by fiscal year
FY2020$142K
FY2021$396K
FY2022$459K
FY2023$460K
FY2024$554K
FY2024$588K
Net assets
$1.9M
FY2024▲ +2%
Net assets by fiscal year
FY2020$1.4M
FY2021$1.5M
FY2022$1.7M
FY2023$1.7M
FY2024$1.8M
FY2024$1.9M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1950.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $564K Management & general 4% · $24K

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

21 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Ronald Mueller
Vice President
$0Pt VII · Sec A
Lisa Schwarze
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Duane Hergenroeder
Grounds Manager
$0Pt VII · Sec A
Gary Baum
Board Memeber
$0Pt VII · Sec A
Bob Eichelmann
Board Member
$0Pt VII · Sec A
Brian Garleb
Board Member
$0Pt VII · Sec A
See Monroe County Fair Assn 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 15aNo

Programs and updates

Monroe County Fair Assn is a member-serving organization based in Waterloo, IL, formed in 1948.

Provided by the organization

This section is blank until Monroe County Fair Assn claims this page.

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1 program service account for $564K of program spending, described in the organization's own filed words · FY2024.
01

Held the monroe county fair AND/OR related activities

$564Kprogram expense

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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
R & L Mueller Memorial Endowment TrustFY2024$12K
Total grants receivedfrom 1 funder$12K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$633K
Ln 12
Fees for servicesLn 2g$521K
Other incomeLn 4–11$54K
Gifts and grantsLn 1h$33K
Money outPt IX
$588K
Ln 25
Programscol B$564K
Managementcol C$24K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$360K
Total assetsLn 16$1.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$33K
Government grantsLn 1e$33K
Fees for servicesLn 2g$521K
Investment incomeLn 3$24K
Other incomeLn 4–11$54K
Total revenueLn 12$633K
Assets in detailPt X, end of year
CashLn 1$62K
SavingsLn 2$299K
Cash and savings togetherLn 1–2$360K
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$1.9M
LiabilitiesLn 26$0
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$344K$360K
Land, buildings, equipmentLn 10c$1.5M$1.5M
Total assetsLn 16$1.8M$1.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.8M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$4K$4K$0$0
Advertising and promotionLn 12$8K$8K$0$0
Office expensesLn 13$5K$2K$2K$0
OccupancyLn 16$57K$55K$2K$0
InterestLn 20$204$0$204$0
Depreciation, depletion and amortizationLn 22$91K$82K$9K$0
InsuranceLn 23$57K$56K$1K$0
Other expenses (24a–d)Ln 24$356K$356K$0$0
All other expensesLn 24e$9K$0$9K$0
Total functional expensesLn 25$588K$564K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $631K$554K$77K$1.8M 990 PDF
FY2023 $542K$460K$82K$1.7M 990 PDF
FY2022 $643K$459K$184K$1.7M 990 PDF
FY2021 $484K$396K$88K$1.5M 990 PDF
FY2020 $125K$142K−$18K$1.4M 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 $632,548 across 6 lines filed
VIII-1e Government grants$33,145
VIII-1h Total contributions, gifts and grants$33,145
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$520,845
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $24,345$24,345
VIII-6 Net rental income or lossExcluded from tax $54,213$54,213
VIII-12 Total revenueRelated to mission $520,845 · Unrelated business $0 · Excluded from tax $78,558$632,548
Part IX · Statement of functional expenses $587,836 across 9 lines filed
IX-11g Other fees for servicesPrograms $3,900 · Management $0 · Fundraising $0$3,900
IX-12 Advertising and promotionPrograms $7,820 · Management $0 · Fundraising $0$7,820
IX-13 Office expensesPrograms $2,422 · Management $2,422 · Fundraising $0$4,844
IX-16 OccupancyPrograms $55,452 · Management $1,966 · Fundraising $0$57,418
IX-20 InterestPrograms $0 · Management $204 · Fundraising $0$204
IX-22 Depreciation, depletion and amortizationPrograms $82,332 · Management $9,137 · Fundraising $0$91,469
IX-23 InsurancePrograms $56,156 · Management $1,063 · Fundraising $0$57,219
IX-24 Other expenses (24a–d)Programs $355,755 · Management $0 · Fundraising $0$355,755
IX-24e All other expensesPrograms $0 · Management $9,207 · Fundraising $0$9,207
IX-25 Total functional expensesPrograms $563,837 · Management $23,999 · Fundraising $0$587,836
Part X · Balance sheet $1,866,482 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $57,475$61,509
X-2 Savings and temporary cash investmentsStart of year $286,533$298,808
X-10c Land, buildings and equipment, netStart of year $1,477,762$1,506,165
X-16 Total assetsStart of year $1,821,770$1,866,482
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,821,770$1,866,482
X-32 Total net assets or fund balancesStart of year $1,821,770$1,866,482
X-33 Total liabilities and net assetsStart of year $1,821,770$1,866,482
Part XI · Reconciliation of net assets $1,866,482 net assets at year end
XI-1 Total revenue$632,548
XI-2 Total expenses$587,836
XI-3 Revenue less expenses$44,712
XI-4 Net assets at start of year$1,821,770
XI-10 Net assets at end of year$1,866,482

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

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