Phelps County Fair EIN 43-6050221 Form 990 (PDF) Claim this org

Phelps County Fair FY2021 filing

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Hosts a regional fair with facilities and entertainment. For fiscal year 2021 it reported $369K in revenue, $340K in expenses, and $159K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Rolla, MO
Filings
6 on file (2020–2021)
Revenue
$369KFY2021
Expenses
$340K
Net assets
$159K
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  43-6050221 Public charity (501(c)(3)) Rolla, MO
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Hosts a regional fair with facilities and entertainment.
Leadership
Paul Hance · Vice Preside
Money in and out
$369K revenue, $340K expenses
Bottom line
93% program efficiency
Where the money goes · FY2021
Total revenue
$369K
Pt VIII · Ln 12
Total expenses
$340K
Pt IX · Ln 25
Net assets
$159K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $28K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Program efficiency
93%
of spending reaches programs
Operating runway
4.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$369K
FY2021▲ +18%
Expenses
$340K
FY2021▲ +20%
Total assets
$159K
FY2021▲ +22%
Total liabilities
$0
FY2021
Total revenue
$369K
Pt VIII · Ln 12
Total expenses
$340K
Pt IX · Ln 25
Net assets
$159K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$28K
Total assetsPt X · Ln 16$159K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPhelps County Fair
EINHdr · item D43-6050221
Principal addressHdr · item CRolla, MO
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N520)
Ruling yearIRS BMFFeb 1952

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Vice Preside
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Phelps County Fair executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $318K of program spending, described in the organization's own filed words · FY2020.
01

Provide facilities and entertainment for phelps county regional fair held in rolla, missouri.

$318Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$369K
Investment income$11
Total revenueLn 12$369K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$318K
Management & general7%$22K
Total functional expensesLn 25$340K

Balance Sheet

Part X · end of year
CashLn 1$128K
Total assetsLn 16$159K
Total liabilitiesLn 26$0
Total net assetsLn 32$159K
Months of cash on handcomputed4.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $128K · Operating expenses/yr $340K
4.5 months
Where the money goes
Program services
Program services $318K · Total expenses $340K
93%
Management & General
Management & general $22K · Total expenses $340K
7%
Fundraising
Fundraising $0 · Total expenses $340K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $1K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $369K
0%
Government reliance
Government grants — · Total revenue $369K
Earned-income share
Program service revenue $369K · Total revenue $369K
100%
Investment reliance
Investment income $11 · Total revenue $369K
<0.01%
Program self-sufficiency
Program service revenue $369K · Total expenses $340K
108%
Growth & trend
Revenue growth (YoY)
This year $369K · Prior year $313K
+18%
Net-asset trend (YoY)
End of year $159K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $369K · Expenses $340K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $159K
Net-asset ratio
Net assets $159K · Total assets $159K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $159K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Paul Hance · Reported title VICE PRESIDE · Highest reported compensation $0 · Total expenses $340K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $340K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Revenue growth 18%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$358K revenue · ⤓ 990 PDF
FY2024$342K revenue · ⤓ 990 PDF
FY2023$362K revenue · ⤓ 990 PDF
FY2022$390K revenue · ⤓ 990 PDF
FY2021$369K revenue · viewing · ⤓ 990 PDF
FY2020$313K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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