Fulton County Fair & Racing Association

Not tax-deductible

Lewistown, IL501(c)(5)Recreation & SportsEIN 37-6045889Revenue $248K in FY2025

On file with the IRSfultonfair.comPo Box 167, 61542-0167 · Lewistown, ILTax-exempt since Nov 1935

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County Fair: provides entertainment for adults and youth. Area 4-h groups have livestock exhibits, horse Racing, mud-sling, sewing & cooking contests.

100¢ of each $1 spent went to programs.
Run by 100 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $27K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 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
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$70K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$248K
-22% vs prior year
Spent
$257K
To programs
100%
Net assets
$251K
By yearFY2020–FY2025
Revenue
$248K
FY2025▼ -22%
Tap a bar for its year
Revenue by fiscal year
FY2020$56K
FY2021$275K
FY2022$423K
FY2023$517K
FY2024$317K
FY2025$248K
Expenses
$257K
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$215K
FY2022$468K
FY2023$466K
FY2024$243K
FY2025$257K
Net assets
$251K
FY2025▼ -0.7%
Tap a bar for its year
Net assets by fiscal year
FY2020$367K
FY2021$427K
FY2022$382K
FY2023$173K
FY2024$253K
FY2025$251K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1935.

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% · $257K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Pat Wagahoff’s $3K as Secretart is at the 8th percentile of top reported officer pay among 1017 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Pat Wagahoff$3,000$3,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Fulton County Fair & Racing 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

Offers entertainment and contests for adults and youth, featuring livestock exhibits and horse racing.

Provided by the organization

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1 program · in their own filed words · FY2025
01

County Fair

Provides entertainment for adults and youth. Area 4-h groups have livestock exhibits, horse racing, mud-sling, sewing & cooking contests.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$248K
Ln 12
Gifts and grantsLn 1h$221K
Other incomeLn 4–11$27K
Money outPt IX
$257K
Ln 25
Programscol B$257K
Owns and owesPt X
$251K
net assets · Ln 32
Cash and savingsLn 1–2$129K
Total assetsLn 16$321K
LiabilitiesLn 26$70K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$221K
Government grantsLn 1e$35K
Other incomeLn 4–11$27K
Total revenueLn 12$248K
Assets in detailPt X, end of year
CashLn 1$129K
Cash and savings togetherLn 1–2$129K
Land, buildings, equipmentLn 10c$192K
Total assetsLn 16$321K
LiabilitiesLn 26$70K
Net assetsLn 32$251K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$127K$129K
Land, buildings, equipmentLn 10c$201K$192K
Total assetsLn 16$328K$321K
LiabilitiesLn 26$75K$70K
Net assetsLn 32$253K$251K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$16K$16K
Accounting feesLn 11c$610$610
Other fees for servicesLn 11g$137K$137K
Advertising and promotionLn 12$48K$48K
Office expensesLn 13$4K$4K
OccupancyLn 16$814$814
Conferences, conventions and meetingsLn 19$815$815
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$16K$16K
InsuranceLn 23$28K$28K
Total functional expensesLn 25$257K$257K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $248K$257K−$9K$251K 990 PDF
FY2024 $317K$243K$74K$253K 990 PDF
FY2023 $517K$466K$52K$173K 990 PDF
FY2022 $423K$468K−$45K$382K 990 PDF
FY2021 $275K$215K$60K$427K 990 PDF
FY2020 $56K$367K 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 FY2025 990 (6 parts)
Part I · Summary $248,177 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $289,022$221,391
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $28,302$26,786
I-12 Total revenuePrior year $317,324$248,177
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $10,653$16,233
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $232,271$241,057
I-18 Total expensesPrior year $242,924$257,290
I-19 Revenue less expensesPrior year $74,400−$9,113
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $248,177 across 6 lines filed
Lines not itemized here account for $568 of total revenue; see the IRS return.
VIII-1b Membership dues$18,386
VIII-1e Government grants$34,716
VIII-1f All other contributions, gifts and grants$168,289
VIII-1h Total contributions, gifts and grants$221,391
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $26,218$26,218
VIII-12 Total revenueRelated to mission $26,786$248,177
Part IX · Statement of functional expenses $257,290 across 10 lines filed
IX-7 Other salaries and wagesPrograms $16,233$16,233
IX-11c Accounting feesPrograms $610$610
IX-11g Other fees for servicesPrograms $137,150$137,150
IX-12 Advertising and promotionPrograms $47,960$47,960
IX-13 Office expensesPrograms $3,873$3,873
IX-16 OccupancyPrograms $814$814
IX-19 Conferences, conventions and meetingsPrograms $815$815
IX-20 InterestPrograms $5,777$5,777
IX-22 Depreciation, depletion and amortizationPrograms $16,439$16,439
IX-23 InsurancePrograms $27,619$27,619
IX-25 Total functional expensesPrograms $257,290 · Management $0 · Fundraising $0$257,290
Part X · Balance sheet $320,805 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $127,381$129,300
X-10c Land, buildings and equipment, netStart of year $200,671$191,505
X-16 Total assetsStart of year $328,052$320,805
X-25 Other liabilitiesStart of year $75,000$69,593
X-26 Total liabilitiesStart of year $75,000$69,593
X-32 Total net assets or fund balancesStart of year $253,052$251,212
X-33 Total liabilities and net assetsStart of year $328,052$320,805
Part XI · Reconciliation of net assets $251,212 net assets at year end
XI-1 Total revenue$248,177
XI-2 Total expenses$257,290
XI-3 Revenue less expenses−$9,113
XI-4 Net assets at start of year$253,052
XI-9 Other changes in net assets$7,273
XI-10 Net assets at end of year$251,212

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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