Bates County Fair EIN 51-0191892 Form 990 (PDF) Claim this org

Bates County Fair FY2023 filing

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Promotes and educates the Bates County community through its annual fair. For fiscal year 2023 it reported $224K in revenue, $241K in expenses, and $346K in net assets.Pt I

Founded
1972
Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Butler, MO
Website
extension.missouri.edu/bates/fair
Filings
6 on file (2020–2023)
Revenue
$224KFY2023
Expenses
$241K
Net assets
$346K
People
9
Filings
6
Updates
0
More identity details & actions ⌄
EIN  51-0191892 Public charity (501(c)(3)) Butler, MO Founded 1972
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Promotes and educates the Bates County community through its annual fair.
Leadership
Kermit Kauffman · Board Member
Money in and out
$224K revenue, $241K expenses
Bottom line
100% program efficiency
Where the money goes · FY2023
Total revenue
$224K
Pt VIII · Ln 12
Total expenses
$241K
Pt IX · Ln 25
Net assets
$346K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$17K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
4.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$224K
FY2023▼ -57%
Expenses
$241K
FY2023▲ +22%
Total assets
$429K
FY2023▼ -5%
Total liabilities
$83K
FY2023▼ -9%
Total revenue
$224K
Pt VIII · Ln 12
Total expenses
$241K
Pt IX · Ln 25
Net assets
$346K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$17K
Total assetsPt X · Ln 16$429K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBates County Fair
EINHdr · item D51-0191892
Principal addressHdr · item CButler, MO
Year of formationHdr · item L1972
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N52)
Ruling yearIRS BMFApr 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
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
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
See Bates County Fair executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $241K of program spending, described in the organization's own filed words · FY2023.
01

The bates county fair was formed by members of bates county, missouri, in 1972 with the tax exempt purpose of promoting and educating the members of the bates county community.

$241Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$210K · 94%
Contributions & grants$12K · 5%
Other revenue$1K · 1%
Program service revenue94%$210K
Contributions & grants5%$12K
Other revenue1%$1K
Investment income$1K
Total revenueLn 12$224K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$241K
Total functional expensesLn 25$241K

Balance Sheet

Part X · end of year
CashLn 1$66K
Total assetsLn 16$429K
Total liabilitiesLn 26$83K
Total net assetsLn 32$346K
Months of cash on handcomputed3.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $81K · Operating expenses/yr $241K
4.0 months
Where the money goes
Program services
Program services $241K · Total expenses $241K
100%
Management & General
Management & general $0 · Total expenses $241K
0%
Fundraising
Fundraising $0 · Total expenses $241K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $95K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $12K · Total revenue $224K
5%
Government reliance
Government grants — · Total revenue $224K
Earned-income share
Program service revenue $210K · Total revenue $224K
94%
Investment reliance
Investment income $1K · Total revenue $224K
+0.5%
Program self-sufficiency
Program service revenue $210K · Total expenses $241K
87%
Growth & trend
Revenue growth (YoY)
This year $224K · Prior year $527K
-57%
Net-asset trend (YoY)
End of year $346K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $224K · Expenses $241K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $429K
Net-asset ratio
Net assets $346K · Total assets $429K
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $15K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $429K
3%
People & payroll
Highest Reported Total Compensation
Individual Kermit Kauffman · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $241K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $241K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -57%

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 · FY2019
Total grants receivedfrom 1 funder$10K

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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)$268K revenue · ⤓ 990 PDF
FY2024$237K revenue · ⤓ 990 PDF
FY2023$224K revenue · viewing · ⤓ 990 PDF
FY2022$527K revenue · ⤓ 990 PDF
FY2021$142K revenue · ⤓ 990 PDF
FY2020$116K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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