Frederick County Fair Association INC

IRS exemption revoked

Winchester, VA501(c)(5)EIN 54-1016237

Operation of a local agricultural/youth fair

Mission: Form 990 Part I, line 1

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $3K a year · under 1% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
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
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$457K
+2% vs prior year
Spent
$483K
Net assets
$1.4M
By yearFY2020–FY2022
Revenue
$457K
FY2022▲ +2%
Revenue by fiscal year
FY2020$270K
FY2021$446K
FY2022$457K
Expenses
$483K
FY2022▲ +19%
Expenses by fiscal year
FY2020$295K
FY2021$406K
FY2022$483K
Net assets
$1.4M
FY2022▼ -2%
Net assets by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.4M

From the FY2022 Form 990 · see the original

IRS revoked this organization's tax-exempt status on May 15, 2026

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Jun 1978.

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

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
2nd Vice-President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Assistant Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
See Frederick County Fair Association INC executive salaries →

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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 15aNo

Programs and updates

Operates a local agricultural and youth fair.

Provided by the organization

This section is blank until Frederick County Fair Association INC claims this page.

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1 program service, described in the organization's own filed words · FY2022.
01

Operation of a local agricultural/youth fair

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$3K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$457K
Ln 12
Fees for servicesLn 2g$434K
Other incomeLn 4–11$23K
Money outPt IX
$483K
Ln 25
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$49K
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$434K
Other incomeLn 4–11$23K
Total revenueLn 12$457K
Assets in detailPt X, end of year
CashLn 1$49K
Cash and savings togetherLn 1–2$49K
Land, buildings, equipmentLn 10c$1.3M
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$75K$49K
Land, buildings, equipmentLn 10c$1.3M$1.3M
Total assetsLn 16$1.4M$1.4M
LiabilitiesLn 26$1K$0
Net assetsLn 32$1.4M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$2K
OccupancyLn 16$14K
Conferences, conventions and meetingsLn 19$475
InsuranceLn 23$12K
Other expenses (24a–d)Ln 24$454K
Total functional expensesLn 25$483K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $457K$483K−$25K$1.4M 990 PDF
FY2021 $446K$406K$41K$1.4M 990 PDF
FY2020 $270K$295K−$24K$1.4M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $457,493 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $434,264$434,264
VIII-6 Net rental income or lossExcluded from tax $23,229$23,229
VIII-12 Total revenueRelated to mission $434,264 · Unrelated business $0 · Excluded from tax $23,229$457,493
Part IX · Statement of functional expenses $482,755 across 5 lines filed
IX-12 Advertising and promotion$1,500
IX-16 Occupancy$14,147
IX-19 Conferences, conventions and meetings$475
IX-23 Insurance$12,446
IX-24 Other expenses (24a–d)$454,187
IX-25 Total functional expenses$482,755
Part X · Balance sheet $1,381,296 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $75,494$48,996
X-10c Land, buildings and equipment, netStart of year $1,332,300$1,332,300
X-16 Total assetsStart of year $1,407,794$1,381,296
X-25 Other liabilitiesStart of year $1,236$0
X-26 Total liabilitiesStart of year $1,236$0
X-32 Total net assets or fund balancesStart of year $1,406,558$1,381,296
X-33 Total liabilities and net assetsStart of year $1,407,794$1,381,296
Part XI · Reconciliation of net assets $1,381,296 net assets at year end
XI-1 Total revenue$457,493
XI-2 Total expenses$482,755
XI-3 Revenue less expenses−$25,262
XI-4 Net assets at start of year$1,406,558
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,381,296

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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