Central States Fair FY2020 filing

Tax-deductible

Rapid City, SD501(c)(5)Since 1945EducationEIN 46-0238981Revenue $3.5M in FY2020

On file with the IRScentralstatesfair.com800 San Francisco St, 57701-3057 · Rapid City, SDTax-exempt since Feb 1958

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We showcase agriculture, tourism, and our community.

501(c)(5) charity; gifts are tax-deductible.
$98K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
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 $452K a year · 9% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$98K
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
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $92K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$306K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.5M
Spent
$3.3M
To programs
0%
Net assets
$5.5M
By yearFY2020–FY2025
Revenue
$3.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.5M
FY2021$4.3M
FY2022$4.4M
FY2023$5.7M
FY2024$5.1M
FY2025$6.1M
Expenses
$3.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.3M
FY2021$3.7M
FY2022$4.2M
FY2023$5.1M
FY2024$5.2M
FY2025$4.9M
Net assets
$5.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.5M
FY2021$6.1M
FY2022$6.2M
FY2023$6.8M
FY2024$1.6M
FY2025$2.7M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1958.

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

Who runs it and what they're paid

18 people listed on the 990; $98K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Genl Mgr
$97,766Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$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

Ron Jeffries’s $112K as General Mana is at the 40th percentile of top reported officer pay among 3395 $1–10M education 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Ron Jeffries$111,609$111,609$109,165$102,801$102,147$97,766

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.

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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 15aYes

Programs and updates

Hosts a regional fair with agricultural exhibits, entertainment, and community events.

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Provided by the organization

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3 programs · in their own filed words · FY2019
01

Central State Fair

Agricultural livestock exposition, fair and carnival

Pt IX · col B
02

Black Hills Stock Show

Livestock exposition

Pt IX · col B
03

Events Center

Community activities

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$92K
See all 3 funders →
Grants paid · 2 grants · $24K · 2019–2022

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.5M
Ln 12
Gifts and grantsLn 1h$1.4M
Other incomeLn 4–11$1.1M
Fees for servicesLn 2g$969K
Money outPt IX
$3.3M
Ln 25
Owns and owesPt X
$5.5M
net assets · Ln 32
Cash and savingsLn 1–2$336K
Total assetsLn 16$5.8M
LiabilitiesLn 26$306K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$231K
Noncash giftsLn 1g$598K
Fees for servicesLn 2g$969K
Investment incomeLn 3$24K
Other incomeLn 4–11$1.1M
Gains on assetsLn 7$19K
Total revenueLn 12$3.5M
Assets in detailPt X, end of year
CashLn 1$96K
SavingsLn 2$240K
Cash and savings togetherLn 1–2$336K
InvestmentsLn 11–13$11K
Land, buildings, equipmentLn 10c$5.1M
Total assetsLn 16$5.8M
LiabilitiesLn 26$306K
Net assetsLn 32$5.5M
OperationsPt I, VI
EmployeesI 5241
VolunteersI 6203
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$554K$336K
InvestmentsLn 11–13$16K$11K
Land, buildings, equipmentLn 10c$4.6M$5.1M
Total assetsLn 16$5.4M$5.8M
LiabilitiesLn 26$151K$306K
Net assetsLn 32$5.2M$5.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K
Pay of current officers, directors and key staffLn 5$103K
Other salaries and wagesLn 7$544K
Other employee benefitsLn 9$43K
Payroll taxesLn 10$53K
Accounting feesLn 11c$17K
Other fees for servicesLn 11g$316K
Advertising and promotionLn 12$184K
Office expensesLn 13$140K
OccupancyLn 16$617K
TravelLn 17$64K
Conferences, conventions and meetingsLn 19$3K
Depreciation, depletion and amortizationLn 22$272K
InsuranceLn 23$65K
Other expenses (24a–d)Ln 24$832K
Total functional expensesLn 25$3.3M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.1M$4.9M$1.1M$2.7M 990 PDF
FY2024 $5.1M$5.2M−$31K$1.6M 990 PDF
FY2023 $5.7M$5.1M$641K$6.8M 990 PDF
FY2022 $4.4M$4.2M$121K$6.2M 990 PDF
FY2021 $4.3M$3.7M$607K$6.1M 990 PDF
FY2020 Viewing $3.5M$3.3M$241K$5.5M 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 FY2020 990 (6 parts)
Part I · Summary $3,505,252 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $633,791$1,362,420
I-9 Program service revenuePrior year $1,522,468$969,067
I-10 Investment incomePrior year $12,631$23,905
I-11 Other revenuePrior year $1,222,764$1,149,860
I-12 Total revenuePrior year $3,391,654$3,505,252
I-13 Grants and similar amounts paidPrior year $12,000$12,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $816,376$743,261
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,684,571$2,508,761
I-18 Total expensesPrior year $3,512,947$3,264,022
I-19 Revenue less expensesPrior year −$121,293$241,230
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,505,252 across 11 lines filed
Lines not itemized here account for $432,578 of total revenue; see the IRS return.
VIII-1b Membership dues$3,200
VIII-1d Related organizations$34,800
VIII-1e Government grants$230,668
VIII-1f All other contributions, gifts and grants$1,093,752
VIII-1g Noncash contributions (included above)$597,537
VIII-1h Total contributions, gifts and grants$1,362,420
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $969,067$969,067
VIII-3 Investment incomeExcluded from tax $5,350$5,350
VIII-6 Net rental income or lossRelated to mission $717,282$717,282
VIII-7 Net gain or loss on sales of assetsRelated to mission $18,555$18,555
VIII-12 Total revenueRelated to mission $2,137,482 · Excluded from tax $5,350$3,505,252
Part IX · Statement of functional expenses $3,264,022 across 15 lines filed
IX-1 Grants to domestic organizations$12,000
IX-5 Pay of current officers, directors and key staff$102,947
IX-7 Other salaries and wages$544,274
IX-9 Other employee benefits$43,298
IX-10 Payroll taxes$52,742
IX-11c Accounting fees$17,075
IX-11g Other fees for services$315,827
IX-12 Advertising and promotion$184,003
IX-13 Office expenses$140,282
IX-16 Occupancy$617,120
IX-17 Travel$63,846
IX-19 Conferences, conventions and meetings$2,519
IX-22 Depreciation, depletion and amortization$271,846
IX-23 Insurance$64,616
IX-24 Other expenses (24a–d)$831,627
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$3,264,022
Part X · Balance sheet $5,774,856 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $117,378$95,831
X-2 Savings and temporary cash investmentsStart of year $436,670$240,061
X-4 Accounts receivableStart of year $153,102$277,992
X-8 Inventories for sale or useStart of year $5,141$5,128
X-9 Prepaid expenses and deferred chargesStart of year $16,909$31,960
X-10c Land, buildings and equipment, netStart of year $4,634,210$5,112,568
X-11 Publicly traded securitiesStart of year $16,056$11,316
X-16 Total assetsStart of year $5,379,466$5,774,856
X-17 Accounts payable and accrued expensesStart of year $68,177$264,146
X-19 Deferred revenueStart of year $83,308$41,499
X-26 Total liabilitiesStart of year $151,485$305,645
X-32 Total net assets or fund balancesStart of year $5,227,981$5,469,211
X-33 Total liabilities and net assetsStart of year $5,379,466$5,774,856
Part XI · Reconciliation of net assets $5,469,211 net assets at year end
XI-1 Total revenue$3,505,252
XI-2 Total expenses$3,264,022
XI-3 Revenue less expenses$241,230
XI-4 Net assets at start of year$5,227,981
XI-10 Net assets at end of year$5,469,211

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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