Swift County Fair Association

Tax-deductible

Kerkhoven, MN501(c)(3)Recreation & SportsEIN 41-0570095Revenue $405K in FY2025

On file with the IRSswiftcountyfair.orgPo Box 395, 56252-0395 · Kerkhoven, MNTax-exempt since Nov 2001Publicly supported charity — 170(b)(1)(A)(vi)

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Operate County Fair and related activities

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 50 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · 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)(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
5 of 6
filings with a surplus
Average surplus $103K a year · 25% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4K
to officers and key staff · 0.8% of spending
Top officer’s pay lower than 91% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$405K
-14% vs prior year
Spent
$433K
To programs
99%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$405K
FY2025▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$156K
FY2021$497K
FY2022$483K
FY2023$457K
FY2024$473K
FY2025$405K
Expenses
$433K
FY2025▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$72K
FY2021$284K
FY2022$329K
FY2023$352K
FY2024$383K
FY2025$433K
Net assets
$1.2M
FY2025▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$614K
FY2021$827K
FY2022$981K
FY2023$1.1M
FY2024$1.2M
FY2025$1.2M

From the FY2025 Form 990 (year ending September 2025) · see the original

Give Claim

Is it real?

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

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $429K Management & general 1% · $5K

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

18 people listed on the 990; $4K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Secretary
$3,500Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jane Stassen’s $4K as Secretary is at the 9th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jane Stassen$3,500$3,200$3,200$3,200$3,200$3,200

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 Swift 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

Runs the county fair and related community events.

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Provided by the organization

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1 program · $429K · in their own filed words · FY2024
01

The Fair Was Held August 13

17, 2025. Estimated 35,000 attending with 587 exhibitors as well as commercial exhibitors.

$429Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$4K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$405K
Ln 12
Fees for servicesLn 2g$279K
Gifts and grantsLn 1h$95K
Other incomeLn 4–11$23K
Money outPt IX
$433K
Ln 25
Programscol B$429K
Managementcol C$5K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$279K
Total assetsLn 16$1.2M
LiabilitiesLn 26$5K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$95K
Government grantsLn 1e$73K
Fees for servicesLn 2g$279K
Investment incomeLn 3$8K
Other incomeLn 4–11$23K
Gains on assetsLn 7$0
Total revenueLn 12$405K
Assets in detailPt X, end of year
CashLn 1$30K
SavingsLn 2$250K
Cash and savings togetherLn 1–2$279K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$890K
Other assetsLn 15$0
Total assetsLn 16$1.2M
LiabilitiesLn 26$5K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 52
VolunteersI 650
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
LineStart FY25End FY25
Cash and savingsLn 1–2$321K$279K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$897K$890K
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$25K$5K
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$4K$4K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$5K$5K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$635$635
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$1K$1K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$33K$33K
Office expensesLn 13$18K$18K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$54K$54K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$249K$249K
All other expensesLn 24e$51K$51K
Total functional expensesLn 25$433K$429K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $405K$433K−$29K$1.2M 990 PDF
FY2024 $473K$383K$90K$1.2M 990 PDF
FY2023 $457K$352K$104K$1.1M 990 PDF
FY2022 $483K$329K$155K$981K 990 PDF
FY2021 $497K$284K$212K$827K 990 PDF
FY2020 $156K$72K$85K$614K 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 $404,547 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $176,618$95,047
I-9 Program service revenuePrior year $273,670$278,610
I-10 Investment incomePrior year $2,779$7,897
I-11 Other revenuePrior year $19,605$22,993
I-12 Total revenuePrior year $472,672$404,547
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $10,055$8,833
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $373,091$424,533
I-18 Total expensesPrior year $383,146$433,366
I-19 Revenue less expensesPrior year $89,526−$28,819
Part VI · Governance 18 of 18 board members independent, 4 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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 $404,547 across 9 lines filed
Lines not itemized here account for $278,610 of total revenue; see the IRS return.
VIII-1e Government grants$73,413
VIII-1f All other contributions, gifts and grants$21,634
VIII-1h Total contributions, gifts and grants$95,047
VIII-3 Investment incomeRelated to mission $7,897$7,897
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $22,993$22,993
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $286,507 · Excluded from tax $22,993$404,547
Part IX · Statement of functional expenses $433,366 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $3,500$3,500
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $4,698$4,698
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $635$635
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $1,100$1,100
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $32,921$32,921
IX-13 Office expensesPrograms $17,757$17,757
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $53,718$53,718
IX-23 InsurancePrograms $18,914$18,914
IX-24 Other expenses (24a–d)Programs $249,402$249,402
IX-24e All other expensesPrograms $50,721$50,721
IX-25 Total functional expensesPrograms $428,766 · Management $4,600 · Fundraising $0$433,366
Part X · Balance sheet $1,169,538 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $49,586$29,771
X-2 Savings and temporary cash investmentsStart of year $271,741$249,638
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $896,543$890,129
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,217,870$1,169,538
X-24 Unsecured notes and loans payableStart of year $25,000$5,000
X-25 Other liabilities$487
X-26 Total liabilitiesStart of year $25,000$5,487
X-32 Total net assets or fund balancesStart of year $1,192,870$1,164,051
X-33 Total liabilities and net assetsStart of year $1,217,870$1,169,538
Part XI · Reconciliation of net assets $1,164,051 net assets at year end
XI-1 Total revenue$404,547
XI-2 Total expenses$433,366
XI-3 Revenue less expenses−$28,819
XI-4 Net assets at start of year$1,192,870
XI-10 Net assets at end of year$1,164,051

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

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