Minnesota State Fair Foundation FY2022 filing

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $1,000 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

To preserve and improve Minnesota State Fair buildings, programs, and educational experiences.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-2013696) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $3.3M a year · 59% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
62%
of spending
62% of spending went to programs.
Pt IX · Ln 25 · col B
18.7 mo
of spending, in cash
18.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $38K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$117K
2% of total assets
Liabilities are 2% of assets.
Pt X · Ln 26
Independent board members
25
of 26 voting members
25 of 26 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2.7M
-3% vs prior year
Spent
$2.0M
To programs
62%
Net assets
$5.1M
By yearFY2020–FY2025
Revenue
$2.7M
FY2022▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$2.8M
FY2022$2.7M
FY2023$3.6M
FY2024$13.7M
FY2025$9.3M
Expenses
$2.0M
FY2022▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.9M
FY2022$2.0M
FY2023$2.3M
FY2024$3.1M
FY2025$2.7M
Net assets
$5.1M
FY2022▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.5M
FY2021$4.8M
FY2022$5.1M
FY2023$6.4M
FY2024$17.6M
FY2025$24.8M

From the FY2022 Form 990 (year ending October 2022) · figures checked against the IRS filing · see the original

You’re viewing the FY2022 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 Jun 2002.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $1.2M Management & general 17% · $349K Fundraising 20% · $403K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

26 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Shana Zaiser’s $101K as Development Director is at the 31st percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2021FY2020
Mary Chung———$127,523$91,735
Shana Zaiser$100,826$109,666$100,492——

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 Minnesota State Fair Foundation executive salaries →

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 15aYes

Programs and updates

Preserves and improves Minnesota State Fair buildings, programs, and educational experiences.

Questions for Minnesota State Fair Foundation

Tap to ask. Minnesota State Fair Foundation sees how many people are interested.

Your first name shows with your question. Minnesota State Fair Foundation answers here, for everyone.

1 program · $1.2M · in their own filed words · FY2021
01

The minnesota state fair foundation grants to the minnesota state fair support capital and program improvements aligned with these state fair program areas: agricultural education, art and culture, environment, history and heritage, and education.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-2013696) · Dispute this line
$1.2Mprogram expense

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 · FY2025
Total grants receivedfrom 2 funders$38K
Grants paid · 6 grants · $7.3M · 2019–2024
Minnesota State Agricultural Society - 1265 Snelling Avenue NorthFY2024$1,498,118
Minnesota State Agricultural SocietyFY2023$1,995,519
Minnesota State Agricultural SocietyFY2022$1,191,688
Minnesota State Agricultural SocietyFY2021$1,031,642
Minnesota State Agricultural SocietyFY2020$821,469
Minnesota State Agricultural SocietyFY2019$805,855

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.3M
Other incomeLn 4–11$354K
Investment incomeLn 3$25K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.2M
Managementcol C$349K
Fundraisingcol D$403K
Owns and owesPt X
$5.1M
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$5.2M
LiabilitiesLn 26$117K
PeoplePt VI, VII
26
listed · VII A
PaidVII A0
Voting boardVI 1a26
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Noncash giftsLn 1g$222K
Fundraising eventsLn 1c$127K
Investment incomeLn 3$25K
Other incomeLn 4–11$354K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$755K
SavingsLn 2$2.4M
Cash and savings togetherLn 1–2$3.1M
Pledges and grants receivableLn 3$345K
Accounts receivableLn 4$930
Inventories for sale or useLn 8$7K
Prepaid expenses and deferred chargesLn 9$17K
Land, buildings, equipmentLn 10c$479
InvestmentsLn 11–13$1.7M
Total assetsLn 16$5.2M
LiabilitiesLn 26$117K
Net assetsLn 32$5.1M
OperationsPt I, VI
EmployeesI 56
VolunteersI 625
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$222K
EndowmentSch D · Pt V
LineFY22FY21FY20FY19FY18
End of yearLn 1g$1.8M$2.0M$1.4M$1.2M$942K
AddedLn 1b$217K$240K$227K$109K$325K
SpentLn 1d–1f−$62K−$61K−$34K−$22K−$15K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$2.5M$3.1M
InvestmentsLn 11–13$2.0M$1.7M
Land, buildings, equipmentLn 10c$582$479
Total assetsLn 16$5.0M$5.2M
LiabilitiesLn 26$193K$117K
Net assetsLn 32$4.8M$5.1M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.0M$1.0M
Other salaries and wagesLn 7$432K$130K$104K$199K
Pension plan contributionsLn 8$35K$11K$8K$16K
Other employee benefitsLn 9$98K$31K$23K$44K
Payroll taxesLn 10$43K$13K$10K$19K
Accounting feesLn 11c$43K$43K
Other fees for servicesLn 11g$10K$2K$9K
Advertising and promotionLn 12$60$60
Office expensesLn 13$37K$2K$17K$18K
TravelLn 17$294$141$153
Conferences, conventions and meetingsLn 19$1K$24$99$1K
Depreciation, depletion and amortizationLn 22$103$33$24$46
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$200K$994$124K$75K
All other expensesLn 24e$58K$21K$15K$23K
Total functional expensesLn 25$2.0M$1.2M$349K$403K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 3, 2026 $9.3M$2.7M$6.7M$24.8M 990 PDF
FY2024Filed with the IRS Feb 11, 2025 $13.7M$3.1M$10.6M$17.6M 990 PDF
FY2023Filed with the IRS Feb 14, 2024 $3.6M$2.3M$1.3M$6.4M 990 PDF
FY2022 ViewingFiled with the IRS Jun 5, 2023 $2.7M$2.0M$701K$5.1M 990 PDF
FY2021Filed with the IRS Mar 8, 2022 $2.8M$1.9M$869K$4.8M 990 PDF
FY2020Filed with the IRS Mar 11, 2021 $1.4M$1.7M−$308K$3.5M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants M · Noncash O · Explanations
See the full FY2022 990
Part I · Summary $2,693,185 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,212,315$2,314,767
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,338$24,716
I-11 Other revenuePrior year $576,478$353,702
I-12 Total revenuePrior year $2,790,131$2,693,185
I-13 Grants and similar amounts paidPrior year $847,769$1,031,642
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $705,510$606,899
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $367,429$353,671
I-18 Total expensesPrior year $1,920,708$1,992,212
I-19 Revenue less expensesPrior year $869,423$700,973
Part VI · Governance 25 of 26 board members independent, no flags
VI-1a Voting members of the governing body26
VI-1b Independent voting members25
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,693,185 across 7 lines filed
Lines not itemized here account for $278,708 of total revenue; see the IRS return.
VIII-1c Fundraising events$127,465
VIII-1f All other contributions, gifts and grants$2,187,302
VIII-1g Noncash contributions (included above)$221,537
VIII-1h Total contributions, gifts and grants$2,314,767
VIII-3 Investment incomeExcluded from tax $24,716$24,716
VIII-8 Net income from fundraising eventsExcluded from tax $74,994$74,994
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $378,418$2,693,185
Part IX · Statement of functional expenses $1,992,212 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $1,031,642$1,031,642
IX-7 Other salaries and wagesPrograms $129,530 · Management $103,624 · Fundraising $198,612$431,766
IX-8 Pension plan contributionsPrograms $10,977 · Management $8,069 · Fundraising $15,583$34,629
IX-9 Other employee benefitsPrograms $31,053 · Management $22,824 · Fundraising $44,082$97,959
IX-10 Payroll taxesPrograms $13,487 · Management $9,913 · Fundraising $19,145$42,545
IX-11c Accounting feesManagement $43,131$43,131
IX-11g Other fees for servicesManagement $1,884 · Fundraising $8,534$10,418
IX-12 Advertising and promotionManagement $60$60
IX-13 Office expensesPrograms $1,520 · Management $17,302 · Fundraising $18,254$37,076
IX-17 TravelManagement $141 · Fundraising $153$294
IX-19 Conferences, conventions and meetingsPrograms $24 · Management $99 · Fundraising $1,075$1,198
IX-22 Depreciation, depletion and amortizationPrograms $33 · Management $24 · Fundraising $46$103
IX-23 InsuranceManagement $2,765$2,765
IX-24 Other expenses (24a–d)Programs $994 · Management $124,193 · Fundraising $75,296$200,483
IX-24e All other expensesPrograms $20,866 · Management $14,585 · Fundraising $22,692$58,143
IX-25 Total functional expensesPrograms $1,240,126 · Management $348,614 · Fundraising $403,472$1,992,212
Part X · Balance sheet $5,176,918 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $782,048$754,900
X-2 Savings and temporary cash investmentsStart of year $1,717,154$2,351,376
X-3 Pledges and grants receivableStart of year $398,086$344,729
X-4 Accounts receivableStart of year $9,480$930
X-8 Inventories for sale or useStart of year $3,800$6,616
X-9 Prepaid expenses and deferred chargesStart of year $11,274$17,183
X-10c Land, buildings and equipment, netStart of year $582$479
X-11 Publicly traded securitiesStart of year $2,045,174$1,700,705
X-16 Total assetsStart of year $4,967,598$5,176,918
X-17 Accounts payable and accrued expensesStart of year $192,999$117,266
X-26 Total liabilitiesStart of year $192,999$117,266
X-27 Net assets without donor restrictionsStart of year $2,003,601$2,525,570
X-28 Net assets with donor restrictionsStart of year $2,770,998$2,534,082
X-32 Total net assets or fund balancesStart of year $4,774,599$5,059,652
X-33 Total liabilities and net assetsStart of year $4,967,598$5,176,918
Part XI · Reconciliation of net assets $5,059,652 net assets at year end
XI-1 Total revenue$2,693,185
XI-2 Total expenses$1,992,212
XI-3 Revenue less expenses$700,973
XI-4 Net assets at start of year$4,774,599
XI-5 Net unrealized gains (losses) on investments−$415,920
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,059,652

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.