Charles County Fair INC EIN 52-6070525 Form 990 (PDF) Claim this org

Charles County Fair INC FY2020 filing

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Presents an educational county fair to improve agricultural development for citizens. For fiscal year 2020 it reported $157K in revenue, $295K in expenses, and $1.7M in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
La Plata, MD
Website
charlescountyfair.com
Filings
5 on file (2020–2020)
Revenue
$157KFY2020
Expenses
$295K
Net assets
$1.7M
People
24
Filings
5
Updates
0
More identity details & actions ⌄
EIN  52-6070525 Public charity (501(c)(3)) La Plata, MD
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Presents an educational county fair to improve agricultural development for citizens.
Leadership
Glenn Belmore · President
Money in and out
$157K revenue, $295K expenses
Bottom line
88% program efficiency
Where the money goes · FY2020
Total revenue
$157K
Pt VIII · Ln 12
Total expenses
$295K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$138K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs
Operating runway
8.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-88%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$157K
FY2020
Expenses
$295K
FY2020
Total assets
$1.8M
FY2020
Total liabilities
$28K
FY2020
Total revenue
$157K
Pt VIII · Ln 12
Total expenses
$295K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$138K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 324
Independent voting membersPt I · Ln 423

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCharles County Fair INC
EINHdr · item D52-6070525
Principal addressHdr · item CLa Plata, MD
WebsiteHdr · item Jcharlescountyfair.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N520)
Ruling yearIRS BMFFeb 1967

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a24
Independent voting membersPt VI · Ln 1b23
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Charles County Fair INC executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $260K of program spending, described in the organization's own filed words · FY2020.
01

Agricultural fair is educational and improves agricultural development for all citizens in the county.

$260Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$96K · 61%
Contributions & grants$24K · 15%
Investment income$22K · 14%
Program service revenue$15K · 10%
Other revenue61%$96K
Contributions & grants15%$24K
Investment income14%$22K
Program service revenue10%$15K
— government grantsLn 1e$16K
Total revenueLn 12$157K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$260K
Management & general12%$35K
Total functional expensesLn 25$295K

Balance Sheet

Part X · end of year
CashLn 1$203K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$28K
Total net assetsLn 32$1.7M
Months of cash on handcomputed8.2

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $203K · Operating expenses/yr $295K
8.2 months
Where the money goes
Program services
Program services $260K · Total expenses $295K
88%
Management & General
Management & general $35K · Total expenses $295K
12%
Fundraising
Fundraising $0 · Total expenses $295K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $8K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $24K · Total revenue $157K
15%
Government reliance
Government grants $16K · Total revenue $157K
10%
Earned-income share
Program service revenue $15K · Total revenue $157K
10%
Investment reliance
Investment income $22K · Total revenue $157K
+14%
Program self-sufficiency
Program service revenue $15K · Total expenses $295K
5%
Growth & trend
Revenue growth (YoY)
This year $157K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $157K · Expenses $295K
-88%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $1.7M · Total assets $1.8M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Glenn Belmore · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $295K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $40K · Total expenses $295K
14%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Fundraising cost ratio 0%
Accounting fee ratio 1%

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 · FY2023
Total grants receivedfrom 1 funder$20K

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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
FY2024 (Latest)$1.1M revenue · ⤓ 990 PDF
FY2023$931K revenue · ⤓ 990 PDF
FY2022$906K revenue · ⤓ 990 PDF
FY2021$788K revenue · ⤓ 990 PDF
FY2020$157K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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