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Walworth County Fair Foundation FY2024 filing

Tax-deductible

Milton, WI501(c)(3)Arts & Culture EIN 39-2036784Revenue $51K in FY2024

On file with the IRS9325 E Six Corners Rd, 53563-9028 · Milton, WITax-exempt since Dec 2001Supporting organization — 509(a)(3)

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The Walworth County Fair Foundation INC. Was formrd with the purpose of supporting and developing programs to augment the services and facilities currently held at the Walworth County agriculture society (a recognized nonprofit organization). The Walworth County Fair Foundation INC. Is a vehicle to promote, stimulate and encourage gifts of funds and property that will be used by the Walworth County agriculture society. Walworth County agriculture society is a nonprofit organization that operates the Walworth County Fair. The Walworth County fair's primary objective is to promote educational opportunities for both the youth and the general public through agricultural and related fields. Contributions recievied will be used to support and develop programs to augment the services and facilities of the Walworth County Fair.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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 4
filings with a surplus
Average surplus $23K a year · 38% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
48 mo
of spending, in cash
Looks good: 48.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$18K
4% of total assets
Looks good: liabilities are 4% 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
$51K
+0.8% vs prior year
Spent
$114K
To programs
97%
Net assets
$442K
By yearFY2020–FY2025
Revenue
$51K
FY2024▲ +0.8%
Tap a bar for its year
Revenue by fiscal year
FY2020$22K
FY2021$62K
FY2022$49K
FY2023$50K
FY2024$51K
FY2025$92K
Expenses
$114K
FY2024▲ +290%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$2K
FY2023$29K
FY2024$114K
FY2025$4K
Net assets
$442K
FY2024▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020$440K
FY2021$450K
FY2022$484K
FY2023$505K
FY2024$442K
FY2025$529K

From the FY2024 Form 990 (year ending October 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2001.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $111K Management & general 3% · $3K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Bill Thompson
Secretary
$0Pt VII · Sec A
See Walworth County Fair Foundation 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

Supports agricultural education and facilities for the Walworth County Fair.

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1 program · in their own filed words · FY2023
01

Fundraising

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Alben F Bates and Clara G Bates FoundationFY2021$2K
Total grants receivedfrom 1 funder$2K
Grants paid · 2 grants · $136K · 2022–2023
Walworth County Agricultural SocietyWI · FY2023$111,190
Individual RecipientFY2022$25,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$51K
Ln 12
Other incomeLn 4–11$30K
Investment incomeLn 3$14K
Gifts and grantsLn 1h$7K
Money outPt IX
$114K
Ln 25
Programscol B$111K
Managementcol C$3K
Owns and owesPt X
$442K
net assets · Ln 32
Cash and savingsLn 1–2$460K
Total assetsLn 16$460K
LiabilitiesLn 26$18K
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$7K
Investment incomeLn 3$14K
Other incomeLn 4–11$30K
Total revenueLn 12$51K
Assets in detailPt X, end of year
CashLn 1$37K
SavingsLn 2$423K
Cash and savings togetherLn 1–2$460K
Total assetsLn 16$460K
LiabilitiesLn 26$18K
Net assetsLn 32$442K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderOctober
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 FY24End FY24
Cash and savingsLn 1–2$528K$460K
Total assetsLn 16$528K$460K
LiabilitiesLn 26$23K$18K
Net assetsLn 32$505K$442K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$111K$111K
Accounting feesLn 11c$850$850
Office expensesLn 13$2K$2K
Total functional expensesLn 25$114K$111K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $92K$4K$87K$529K 990 PDF
FY2024 Viewing $51K$114K−$63K$442K 990 PDF
FY2023 $50K$29K$21K$505K 990 PDF
FY2022 $49K$2K$48K$484K 990 PDF
FY2021 $62K$450K 990 PDF
FY2020 $22K$440K 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 FY2024 990 (6 parts)
Part I · Summary $50,747 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $725$6,973
I-9 Program service revenue$0
I-10 Investment incomePrior year $7,893$13,832
I-11 Other revenuePrior year $41,709$29,942
I-12 Total revenuePrior year $50,327$50,747
I-13 Grants and similar amounts paidPrior year $27,038$111,190
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,213$3,007
I-18 Total expensesPrior year $29,251$114,197
I-19 Revenue less expensesPrior year $21,076−$63,450
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $50,747 across 5 lines filed
VIII-1f All other contributions, gifts and grants$6,973
VIII-1h Total contributions, gifts and grants$6,973
VIII-3 Investment incomeExcluded from tax $13,832$13,832
VIII-8 Net income from fundraising events$29,942
VIII-12 Total revenueExcluded from tax $13,832$50,747
Part IX · Statement of functional expenses $114,197 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $111,190$111,190
IX-11c Accounting feesManagement $850$850
IX-13 Office expensesManagement $2,157$2,157
IX-25 Total functional expensesPrograms $111,190 · Management $3,007 · Fundraising $0$114,197
Part X · Balance sheet $460,092 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $44,568$37,365
X-2 Savings and temporary cash investmentsStart of year $483,894$422,727
X-16 Total assetsStart of year $528,462$460,092
X-18 Grants payableStart of year $23,388$18,468
X-26 Total liabilitiesStart of year $23,388$18,468
X-27 Net assets without donor restrictionsStart of year $505,074$441,624
X-32 Total net assets or fund balancesStart of year $505,074$441,624
X-33 Total liabilities and net assetsStart of year $528,462$460,092
Part XI · Reconciliation of net assets $441,624 net assets at year end
XI-1 Total revenue$50,747
XI-2 Total expenses$114,197
XI-3 Revenue less expenses−$63,450
XI-4 Net assets at start of year$505,074
XI-10 Net assets at end of year$441,624

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

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