Monroe County Fair Assn: FY2021 Nonprofit Profile & Form 990 (EIN 37-6026716)

Revenue by fiscal year
FY2020	$125K
FY2021	$484K
FY2022	$643K
FY2023	$542K
FY2024	$631K
FY2025	$633K

Expenses by fiscal year
FY2020	$142K
FY2021	$396K
FY2022	$459K
FY2023	$460K
FY2024	$554K
FY2025	$588K

Net assets by fiscal year
FY2020	$1.4M
FY2021	$1.5M
FY2022	$1.7M
FY2023	$1.7M
FY2024	$1.8M
FY2025	$1.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1950.

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

Where the money goes

97 cents of each dollar spent went to programs.

97%

Program services 97% · $383K Management & general 3% · $13K

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 · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Donald Schrader

President

$0Pt VII · Sec A

Ronald Mueller

Vice President

$0Pt VII · Sec A

Lisa Schwarze

Secretary

$0Pt VII · Sec A

Richard Woodcock

Treasurer

$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.

Questions for Monroe County Fair Assn

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Provided by the organization

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1 program · $383K · in their own filed words · FY2020

01

Held the monroe county fair AND/OR related activities

$383Kprogram 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

R & L Mueller Memorial Endowment TrustFY2024$12K

Total grants receivedfrom 1 funder$12K

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$484K

Ln 12

Fees for servicesLn 2g$409K

Other incomeLn 4–11$39K

Gifts and grantsLn 1h$28K

Money outPt IX

$396K

Ln 25

Programscol B$383K

Managementcol C$13K

Owns and owesPt X

$1.5M

net assets · Ln 32

Cash and savingsLn 1–2$433K

Total assetsLn 16$1.5M

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$28K

Government grantsLn 1e$13K

Fees for servicesLn 2g$409K

Investment incomeLn 3$9K

Other incomeLn 4–11$39K

Total revenueLn 12$484K

Assets in detailPt X, end of year

CashLn 1$168K

SavingsLn 2$266K

Cash and savings togetherLn 1–2$433K

Land, buildings, equipmentLn 10c$1.0M

Total assetsLn 16$1.5M

LiabilitiesLn 26$0

Net assetsLn 32$1.5M

OperationsPt I, VI

EmployeesI 50

VolunteersI 6200

Fiscal year endsHeaderSeptember

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$319K	$433K
Land, buildings, equipmentLn 10c	$1.1M	$1.0M
Total assetsLn 16	$1.4M	$1.5M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$1.4M	$1.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other fees for servicesLn 11g	$39K	$39K	$0	$0
Advertising and promotionLn 12	$7K	$7K	$0	$0
Office expensesLn 13	$9K	$4K	$4K	$0
OccupancyLn 16	$37K	$34K	$2K	$0
Depreciation, depletion and amortizationLn 22	$54K	$48K	$5K	$0
InsuranceLn 23	$30K	$29K	$1K	$0
Other expenses (24a–d)Ln 24	$220K	$220K	$0	$0
Total functional expensesLn 25	$396K	$383K	$13K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$633K	$588K	$45K	$1.9M	990 PDF
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 Viewing	$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 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 $483,883 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $34,823$27,755

I-9 Program service revenuePrior year $51,643$408,505

I-10 Investment incomePrior year $13,539$9,048

I-11 Other revenuePrior year $24,763$38,575

I-12 Total revenuePrior year $124,768$483,883

I-13 Grants and similar amounts paidPrior year $875$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $141,480$395,713

I-18 Total expensesPrior year $142,355$395,713

I-19 Revenue less expensesPrior year −$17,587$88,170

Part VI · Governance 21 of 21 board members independent, 5 to look at

VI-1a Voting members of the governing body21

VI-1b Independent voting members21

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 payNo

Part VIII · Statement of revenue $483,883 across 7 lines filed

VIII-1e Government grants$13,250

VIII-1f All other contributions, gifts and grants$14,505

VIII-1h Total contributions, gifts and grants$27,755

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$408,505

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $9,048$9,048

VIII-6 Net rental income or lossRelated to mission $38,575$38,575

VIII-12 Total revenueRelated to mission $447,080 · Unrelated business $0 · Excluded from tax $9,048$483,883

Part IX · Statement of functional expenses $395,713 across 7 lines filed

IX-11g Other fees for servicesPrograms $39,312 · Management $0 · Fundraising $0$39,312

IX-12 Advertising and promotionPrograms $7,359 · Management $0 · Fundraising $0$7,359

IX-13 Office expensesPrograms $4,457 · Management $4,457 · Fundraising $0$8,914

IX-16 OccupancyPrograms $34,344 · Management $2,221 · Fundraising $0$36,565

IX-22 Depreciation, depletion and amortizationPrograms $48,423 · Management $5,380 · Fundraising $0$53,803

IX-23 InsurancePrograms $28,574 · Management $1,063 · Fundraising $0$29,637

IX-24 Other expenses (24a–d)Programs $220,123 · Management $0 · Fundraising $0$220,123

IX-25 Total functional expensesPrograms $382,592 · Management $13,121 · Fundraising $0$395,713

Part X · Balance sheet $1,478,275 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $35,493$167,671

X-2 Savings and temporary cash investmentsStart of year $283,643$265,698

X-10c Land, buildings and equipment, netStart of year $1,070,969$1,044,906

X-16 Total assetsStart of year $1,390,105$1,478,275

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $1,390,105$1,478,275

X-32 Total net assets or fund balancesStart of year $1,390,105$1,478,275

X-33 Total liabilities and net assetsStart of year $1,390,105$1,478,275

Part XI · Reconciliation of net assets $1,478,275 net assets at year end

XI-1 Total revenue$483,883

XI-2 Total expenses$395,713

XI-3 Revenue less expenses$88,170

XI-4 Net assets at start of year$1,390,105

XI-10 Net assets at end of year$1,478,275

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

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Monroe County Fair Assn FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Monroe County Fair Assn

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV