Faribault County Fair EIN 45-5359334

Faribault County Fair

Not yet claimed Claim this org →

Sponsors the county fair and its educational programs in livestock, agriculture, leadership, and arts. For fiscal year 2025 it reported $172K in revenue, $187K in expenses, and $2K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Blue Earth, MN
Website
www.faribaultcountyfair.com
Filings
6 on file (2020–2025)
Revenue
$172KFY2025
Expenses
$187K
Net assets
$2K
People
13
Filings
6
Updates
0
More identity details & actions ⌄
EIN  45-5359334 Public charity (501(c)(3)) Blue Earth, MN
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Faribault County Fair claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Sponsors the county fair and its educational programs in livestock, agriculture, leadership, and arts.
Leadership
Daryl Murray · Vice President
Money in and out
$172K revenue, $187K expenses
Bottom line
96% program efficiency
Where the money goes · FY2025
Total revenue
$172K
Pt VIII · Ln 12
Total expenses
$187K
Pt IX · Ln 25
Net assets
$2K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$15K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
0.1mo
months of highly liquid reserves at operating expense rate▼ -91% vs prior filing year
Surplus margin
-9%
revenue over expenses, this year▼ -215% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$172K
FY2025▼ -17%
Expenses
$187K
FY2025▼ -2%
Total assets
$2K
FY2025▼ -88%
Total liabilities
$135
FY2025▲ +575%
Total revenue
$172K
Pt VIII · Ln 12
Total expenses
$187K
Pt IX · Ln 25
Net assets
$2K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$15K
Total assetsPt X · Ln 16$2K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $179K of program spending, described in the organization's own filed words · FY2024.
01

To conduct the faribault county fair which provides an opportunity for education through livestock exhibits, creative arts exhibits, youth programs and other agriculture programs.

$179Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFaribault County Fair
EINHdr · item D45-5359334
Principal addressHdr · item CBlue Earth, MN
WebsiteHdr · item Jwww.faribaultcountyfair.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N52)
Ruling yearIRS BMFSep 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1bpending
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 (FY2024); the FY2025 filing did not itemize Part VII
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Faribault County Fair executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$118K · 68%
Program service revenue$52K · 30%
Other revenue$3K · 1%
Contributions & grants68%$118K
Program service revenue30%$52K
Other revenue1%$3K
Total revenueLn 12$172K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$179K
Management & general4%$8K
Total functional expensesLn 25$187K

Balance Sheet

Part X · end of year
CashLn 1$2K
Total assetsLn 16$2K
Total liabilitiesLn 26$135
Total net assetsLn 32$2K
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2K · Operating expenses/yr $187K
0.1 months
Where the money goes
Program services
Program services $179K · Total expenses $187K
96%
Management & General
Management & general $8K · Total expenses $187K
4%
Fundraising
Fundraising $0 · Total expenses $187K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $139K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $118K · Total revenue $172K
68%
Government reliance
Government grants — · Total revenue $172K
Earned-income share
Program service revenue $52K · Total revenue $172K
30%
Investment reliance
Investment income $0 · Total revenue $172K
0%
Program self-sufficiency
Program service revenue $52K · Total expenses $187K
28%
Growth & trend
Revenue growth (YoY)
This year $172K · Prior year $207K
-17%
Revenue CAGR
FY2019 $59K · FY2024 $172K
+24%
Net-asset trend (YoY)
End of year $2K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $172K · Expenses $187K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $2K
Net-asset ratio
Net assets $2K · Total assets $2K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2K
0%
People & payroll
Highest Reported Total Compensation
Individual Daryl Murray · Reported title Vice President · Highest reported compensation $0 · Total expenses $187K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $26K · Total expenses $187K
14%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth -17%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$87K

Similar Organizations

Closest in mission — by what they do
See all organizations like Faribault County Fair →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$172K revenue · viewing · ⤓ 990 PDF
FY2024$207K revenue · ⤓ 990 PDF
FY2023$208K revenue · ⤓ 990 PDF
FY2022$162K revenue · ⤓ 990 PDF
FY2021$135K revenue · ⤓ 990 PDF
FY2020$59K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.