Wyoming Fair Association INC

Tax-deductible

Wyoming, IA501(c)(3)Food & AgricultureEIN 42-1018621

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The organization's primary exempt purpose is to provide an enjoyable way for people to exchange ideas, demonstrate skills, and exhibit products. Also to provide a facility for family, community, and school recreation, entertainment, and learning.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 75 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $17K a year · 13% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$19K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$114K
-20% vs prior year
Spent
$107K
To programs
98%
Net assets
$493K
By yearFY2020–FY2024
Revenue
$114K
FY2024▼ -20%
Revenue by fiscal year
FY2020$78K
FY2021$143K
FY2022$108K
FY2023$143K
FY2024$114K
Expenses
$107K
FY2024▼ -7%
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$115K
FY2024$107K
Net assets
$493K
FY2024-0.4%
Net assets by fiscal year
FY2020$389K
FY2021$446K
FY2022$467K
FY2023$495K
FY2024$493K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2020.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $105K Management & general 2% · $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

21 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Wyoming Fair Association INC 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

Connects people through shared activities, skill-sharing, and community events for fun and learning.

Provided by the organization

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1 program service account for $105K of program spending, described in the organization's own filed words · FY2024.
01

The organization conducted the 91ST annual wyoming fair in wyoming, iowa. This included the 91ST annual horse show and 72ND annual 4-h and ffa steer and heifer show. This venue provided an opportunity for particpants and attendees to exchange ideas, demonstrate skills, and exhibit products.

$105Kprogram expense

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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$8K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$114K
Ln 12
Fees for servicesLn 2g$55K
Gifts and grantsLn 1h$48K
Other incomeLn 4–11$10K
Money outPt IX
$107K
Ln 25
Programscol B$105K
Managementcol C$3K
Owns and owesPt X
$493K
net assets · Ln 32
Cash and savingsLn 1–2$91K
Total assetsLn 16$512K
LiabilitiesLn 26$19K
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48K
Government grantsLn 1e$2K
Fees for servicesLn 2g$55K
Investment incomeLn 3$775
Other incomeLn 4–11$10K
Total revenueLn 12$114K
Assets in detailPt X, end of year
SavingsLn 2$91K
Cash and savings togetherLn 1–2$91K
Land, buildings, equipmentLn 10c$421K
Total assetsLn 16$512K
LiabilitiesLn 26$19K
Net assetsLn 32$493K
OperationsPt I, VI
EmployeesI 50
VolunteersI 675
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 FY24End FY24
Cash and savingsLn 1–2$80K$91K
Land, buildings, equipmentLn 10c$431K$421K
Total assetsLn 16$511K$512K
LiabilitiesLn 26$25K$19K
Net assetsLn 32$486K$493K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$114$114
OccupancyLn 16$4K$4K
Conferences, conventions and meetingsLn 19$861$861
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$29K$29K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$43K$43K
All other expensesLn 24e$15K$14K$500
Total functional expensesLn 25$107K$105K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $114K$107K$7K$493K 990 PDF
FY2023 $143K$115K$28K$495K 990 PDF
FY2022 $108K$467K 990 PDF
FY2021 $143K$446K 990 PDF
FY2020 $78K$389K 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 (4 parts)
Part VIII · Statement of revenue $114,105 across 8 lines filed
Lines not itemized here account for $1,810 of total revenue; see the IRS return.
VIII-1e Government grants$2,105
VIII-1f All other contributions, gifts and grants$45,991
VIII-1h Total contributions, gifts and grants$48,096
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,302 · Excluded from tax $43,060$53,362
VIII-3 Investment incomeRelated to mission $775$775
VIII-8 Net income from fundraising events$1,486
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $8,576$8,576
VIII-12 Total revenueRelated to mission $11,077 · Excluded from tax $53,446$114,105
Part IX · Statement of functional expenses $107,422 across 10 lines filed
IX-11c Accounting feesManagement $1,200$1,200
IX-12 Advertising and promotionPrograms $6,749$6,749
IX-13 Office expensesPrograms $114$114
IX-16 OccupancyPrograms $4,469$4,469
IX-19 Conferences, conventions and meetingsManagement $861$861
IX-20 InterestPrograms $1,054$1,054
IX-22 Depreciation, depletion and amortizationPrograms $29,415$29,415
IX-23 InsurancePrograms $5,734$5,734
IX-24 Other expenses (24a–d)Programs $43,178$43,178
IX-24e All other expensesPrograms $14,148 · Management $500$14,648
IX-25 Total functional expensesPrograms $104,861 · Management $2,561 · Fundraising $0$107,422
Part X · Balance sheet $511,829 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $79,559$91,311
X-10c Land, buildings and equipment, netStart of year $431,332$420,518
X-16 Total assetsStart of year $510,891$511,829
X-24 Unsecured notes and loans payableStart of year $24,520$18,775
X-26 Total liabilitiesStart of year $24,520$18,775
X-27 Net assets without donor restrictionsStart of year $486,371$493,054
X-32 Total net assets or fund balancesStart of year $486,371$493,054
X-33 Total liabilities and net assetsStart of year $510,891$511,829
Part XI · Reconciliation of net assets $493,054 net assets at year end
XI-1 Total revenue$114,105
XI-2 Total expenses$107,422
XI-3 Revenue less expenses$6,683
XI-4 Net assets at start of year$486,371
XI-10 Net assets at end of year$493,054

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

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