Macon County Fair Association

Not tax-deductible

Lafayette, TN501(c)(5)Food & AgricultureEIN 62-1769056Revenue $297K in FY2025

On file with the IRS7223 Akersville Rd, 37083-4448 · Lafayette, TNTax-exempt since Oct 1999

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The mission statement for this organization is to provide: (1) education regarding agriculture, (2) experiences with positive competition, and (3) enjoyment of wholesome entertainment and social interaction with other members of our community.

91¢ of each $1 spent went to programs.
Run by 45 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 5
filings with a surplus
Average surplus $31K a year · 12% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
26
of 26 voting members
Looks good: 26 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$297K
+8% vs prior year
Spent
$274K
To programs
91%
Net assets
$268K
By yearFY2020–FY2025
Revenue
$297K
FY2025▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$29K
FY2021$230K
FY2022$227K
FY2023$249K
FY2024$276K
FY2025$297K
Expenses
$274K
FY2025▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$154K
FY2022$206K
FY2023$248K
FY2024$239K
FY2025$274K
Net assets
$268K
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$112K
FY2021$188K
FY2022$208K
FY2023$209K
FY2024$246K
FY2025$268K

From the FY2025 Form 990 (year ending September 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1999.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $248K Management & general 9% · $26K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

26 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Macon County Fair Association 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers agricultural education, competitive experiences, and wholesome community entertainment.

Questions for Macon County Fair Association

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Provided by the organization

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1 program · $248K · in their own filed words · FY2024
01

A one-week agriculture fair for educational purposes to include exhibiting livestock and crops produced by local farmers and craftsmen.

$248Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$297K
Ln 12
Fees for servicesLn 2g$284K
Gifts and grantsLn 1h$13K
Money outPt IX
$274K
Ln 25
Programscol B$248K
Managementcol C$26K
Owns and owesPt X
$268K
net assets · Ln 32
Cash and savingsLn 1–2$100K
Total assetsLn 16$268K
LiabilitiesLn 26$0
PeoplePt VI, VII
26
listed · VII A
PaidVII A0
Voting boardVI 1a26
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13K
Fees for servicesLn 2g$284K
Gains on assetsLn 7$0
Total revenueLn 12$297K
Assets in detailPt X, end of year
CashLn 1$100K
SavingsLn 2$0
Cash and savings togetherLn 1–2$100K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$168K
Other assetsLn 15$0
Total assetsLn 16$268K
LiabilitiesLn 26$0
Net assetsLn 32$268K
OperationsPt I, VI
EmployeesI 50
VolunteersI 645
Fiscal year endsHeaderSeptember
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 FY25End FY25
Cash and savingsLn 1–2$64K$100K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$182K$168K
Total assetsLn 16$246K$268K
LiabilitiesLn 26$0$0
Net assetsLn 32$246K$268K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$925$925
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$32K$32K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$7K$7K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$176K$176K
All other expensesLn 24e$36K$19K$17K
Total functional expensesLn 25$274K$248K$26K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $297K$274K$23K$268K 990 PDF
FY2024 $276K$239K$36K$246K 990 PDF
FY2023 $249K$248K$1K$209K 990 PDF
FY2022 $227K$206K$20K$208K 990 PDF
FY2021 $230K$154K$76K$188K 990 PDF
FY2020 $29K$112K 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 FY2025 990 (6 parts)
Part I · Summary $296,824 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,565$12,643
I-9 Program service revenuePrior year $269,004$284,181
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $275,569$296,824
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $239,116$274,281
I-18 Total expensesPrior year $239,116$274,281
I-19 Revenue less expensesPrior year $36,453$22,543
Part VI · Governance 26 of 26 board members independent, 5 to look at
VI-1a Voting members of the governing body26
VI-1b Independent voting members26
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $296,824 across 9 lines filed
Lines not itemized here account for $4,903 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$12,643
VIII-1h Total contributions, gifts and grants$12,643
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $279,278$279,278
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $284,181$296,824
Part IX · Statement of functional expenses $274,281 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $925$925
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $32,432$32,432
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $7,468$7,468
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $13,199$13,199
IX-23 InsurancePrograms $7,578$7,578
IX-24 Other expenses (24a–d)Programs $176,417$176,417
IX-24e All other expensesPrograms $18,838 · Management $17,424$36,262
IX-25 Total functional expensesPrograms $248,464 · Management $25,817 · Fundraising $0$274,281
Part X · Balance sheet $268,386 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $64,319$100,060
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $181,524$168,326
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $245,843$268,386
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $245,843$268,386
X-33 Total liabilities and net assetsStart of year $245,843$268,386
Part XI · Reconciliation of net assets $268,386 net assets at year end
XI-1 Total revenue$296,824
XI-2 Total expenses$274,281
XI-3 Revenue less expenses$22,543
XI-4 Net assets at start of year$245,843
XI-10 Net assets at end of year$268,386

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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