Martin County Fair FY2024 filing

Tax-deductible

Fairmont, MN501(c)(3)Recreation & SportsEIN 41-2017823Revenue $533K in FY2024

On file with the IRSPo Box 270, 56031-0270 · Fairmont, MNTax-exempt since Nov 2001Publicly supported — 509(a)(2)

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Sponsoring annual County Fair and provide venue for 4-h and other agriculteral exhibitors.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$14K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
5 of 6
filings with a surplus
Average surplus $55K a year · 12% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$14K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 13.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$70K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$533K
-1% vs prior year
Spent
$497K
To programs
100%
Net assets
$1.4M
By yearFY2020–FY2025
Revenue
$533K
FY2024▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$120K
FY2021$494K
FY2022$597K
FY2023$541K
FY2024$533K
FY2025$585K
Expenses
$497K
FY2024▼ -0.6%
Tap a bar for its year
Expenses by fiscal year
FY2020$156K
FY2021$444K
FY2022$415K
FY2023$499K
FY2024$497K
FY2025$528K
Net assets
$1.4M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.4M
FY2023$1.4M
FY2024$1.4M
FY2025$1.5M

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

Form 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 Nov 2001.

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% · $497K

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

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Who runs it and what they're paid

15 people listed on the 990; $14K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Board Member
$960Pt VII · Sec A
Board Member
$940Pt VII · Sec A
Vice Preside
$940Pt VII · Sec A
Board Member
$940Pt VII · Sec A
Board Member
$940Pt VII · Sec A
Board Member
$920Pt VII · Sec A
Board Member
$920Pt VII · Sec A
Board Member
$920Pt VII · Sec A

Randy Deling’s $940 as Board Memebe is at the 2nd 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lisa Stromberg$920$900$940$960$880—
Randy Deling$940$900$960$940$860$610
Steve Pomerenke$880$940$940$960$900$590
Robbin Celander$900$900$960$920$900$590
Brad Sherman$920$960$960$960$900$590
Nate Amborn$920$940$940$960$700—
Jim Kain—$940$940$960$900$570
Tracy Richardson——$940$960$900$570

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 Martin County Fair 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

Sponsors an annual county fair, providing a venue for agricultural exhibitors.

Questions for Martin County Fair

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Provided by the organization

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1 program · in their own filed words · FY2023
01

Operations of storage rental so there continues to be activity at the fair grounds and the buildings get used. The income is used to improve the fair grounds and buildings to keep the fair a great attraction for martin county.

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$533K
Ln 12
Fees for servicesLn 2g$208K
Gifts and grantsLn 1h$168K
Other incomeLn 4–11$157K
Money outPt IX
$497K
Ln 25
Programscol B$497K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$541K
Total assetsLn 16$1.5M
LiabilitiesLn 26$70K
PeoplePt VI, VII
15
listed · VII A
PaidVII A15
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$168K
Fees for servicesLn 2g$208K
Investment incomeLn 3$10K
Other incomeLn 4–11$157K
Gains on assetsLn 7−$14K
Total revenueLn 12$533K
Assets in detailPt X, end of year
CashLn 1$98K
SavingsLn 2$442K
Cash and savings togetherLn 1–2$541K
Land, buildings, equipmentLn 10c$972K
Total assetsLn 16$1.5M
LiabilitiesLn 26$70K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 53
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 FY24End FY24
Cash and savingsLn 1–2$490K$541K
Land, buildings, equipmentLn 10c$973K$972K
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$57K$70K
Net assetsLn 32$1.4M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$14K$14K
Other salaries and wagesLn 7$30K$30K
Payroll taxesLn 10$2K$2K
Management feesLn 11a$10K$10K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$25$25
Advertising and promotionLn 12$25K$25K
Office expensesLn 13$3K$3K
Conferences, conventions and meetingsLn 19$300$300
Depreciation, depletion and amortizationLn 22$82K$82K
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$253K$253K
All other expensesLn 24e$56K$56K
Total functional expensesLn 25$497K$497K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $585K$528K$58K$1.5M 990 PDF
FY2024 Viewing $533K$497K$36K$1.4M 990 PDF
FY2023 $541K$499K$41K$1.4M 990 PDF
FY2022 $597K$415K$182K$1.4M 990 PDF
FY2021 $494K$444K$49K$1.2M 990 PDF
FY2020 $120K$156K−$37K$1.1M 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 FY2024 990 (6 parts)
Part I · Summary $532,990 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $152,149$167,999
I-9 Program service revenuePrior year $223,837$207,814
I-10 Investment incomePrior year $19,241−$3,654
I-11 Other revenuePrior year $142,934$160,831
I-12 Total revenuePrior year $538,161$532,990
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $44,302$45,463
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $456,909$451,265
I-18 Total expensesPrior year $501,211$496,728
I-19 Revenue less expensesPrior year $36,950$36,262
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $532,990 across 8 lines filed
Lines not itemized here account for $420 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$167,999
VIII-1h Total contributions, gifts and grants$167,999
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $207,814$207,814
VIII-3 Investment incomeRelated to mission $9,935$9,935
VIII-6 Net rental income or lossRelated to mission $53,030 · Unrelated business $45,732$98,762
VIII-7 Net gain or loss on sales of assetsRelated to mission −$13,589−$13,589
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $61,649$61,649
VIII-12 Total revenueRelated to mission $319,259 · Unrelated business $45,732$532,990
Part IX · Statement of functional expenses $496,728 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $13,640$13,640
IX-7 Other salaries and wagesPrograms $30,090$30,090
IX-10 Payroll taxesPrograms $1,733$1,733
IX-11a Management feesPrograms $9,838$9,838
IX-11c Accounting feesPrograms $4,907$4,907
IX-11g Other fees for servicesPrograms $25$25
IX-12 Advertising and promotionPrograms $24,592$24,592
IX-13 Office expensesPrograms $2,512$2,512
IX-19 Conferences, conventions and meetingsPrograms $300$300
IX-22 Depreciation, depletion and amortizationPrograms $82,089$82,089
IX-23 InsurancePrograms $18,290$18,290
IX-24 Other expenses (24a–d)Programs $252,712$252,712
IX-24e All other expensesPrograms $56,000$56,000
IX-25 Total functional expensesPrograms $496,728 · Management $0 · Fundraising $0$496,728
Part X · Balance sheet $1,514,739 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $89,899$98,467
X-2 Savings and temporary cash investmentsStart of year $399,614$442,045
X-4 Accounts receivableStart of year $1,500$1,000
X-8 Inventories for sale or useStart of year $1,441$1,441
X-10c Land, buildings and equipment, netStart of year $973,041$971,786
X-16 Total assetsStart of year $1,465,495$1,514,739
X-17 Accounts payable and accrued expensesStart of year $7,497$38,161
X-24 Unsecured notes and loans payableStart of year $47,000$32,000
X-25 Other liabilitiesStart of year $2,918$236
X-26 Total liabilitiesStart of year $57,415$70,397
X-32 Total net assets or fund balancesStart of year $1,408,080$1,444,342
X-33 Total liabilities and net assetsStart of year $1,465,495$1,514,739
Part XI · Reconciliation of net assets $1,444,342 net assets at year end
XI-1 Total revenue$532,990
XI-2 Total expenses$496,728
XI-3 Revenue less expenses$36,262
XI-4 Net assets at start of year$1,408,080
XI-10 Net assets at end of year$1,444,342

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

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