Baxter County Fair Association FY2023 filing

Tax-deductible

Mountain Home, AR501(c)(3)Food & AgricultureEIN 71-0534138Revenue $209K in FY2023

On file with the IRS1507 Fairgrounds Dr, 72653-5433 · Mountain Home, ARTax-exempt since May 2019Publicly supported — 509(a)(2)

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Plan and execute the annual County Fair for Baxter County arkansas

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $25K a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$209K
-11% vs prior year
Spent
$231K
To programs
89%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$209K
FY2023▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$175K
FY2021$227K
FY2022$236K
FY2023$209K
FY2024$333K
Expenses
$231K
FY2023▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$108K
FY2021$168K
FY2022$239K
FY2023$231K
FY2024$312K
Net assets
$1.2M
FY2023▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.2M
FY2023$1.2M
FY2024$1.2M

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2017-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in May 2019.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $206K Management & general 11% · $25K

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

20 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Vice Preside
$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
Board Member
$0Pt VII · Sec A
See Baxter 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Organizes and runs the annual county fair.

Questions for Baxter County Fair Association

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Provided by the organization

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1 program · $206K · in their own filed words · FY2023
01

Plan and execute the annual county fair for baxter county arkansas

$206Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$209K
Ln 12
Fees for servicesLn 2g$198K
Other incomeLn 4–11$11K
Investment incomeLn 3$421
Money outPt IX
$231K
Ln 25
Programscol B$206K
Managementcol C$25K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$79K
Total assetsLn 16$1.2M
LiabilitiesLn 26$2K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$198K
Investment incomeLn 3$421
Other incomeLn 4–11$11K
Total revenueLn 12$209K
Assets in detailPt X, end of year
CashLn 1$1
SavingsLn 2$79K
Cash and savings togetherLn 1–2$79K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$1.2M
LiabilitiesLn 26$2K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 51
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 FY23End FY23
Cash and savingsLn 1–2$122K$79K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$5K$2K
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$26K$24K$3K
Payroll taxesLn 10$1K$1K$134
Accounting feesLn 11c$2K$2K$180
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$5K$5K$502
OccupancyLn 16$103K$93K$10K
Conferences, conventions and meetingsLn 19$9K$9K
InterestLn 20$3K$3K
InsuranceLn 23$18K$16K$2K
Other expenses (24a–d)Ln 24$45K$45K
All other expensesLn 24e$14K$14K
Total functional expensesLn 25$231K$206K$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $333K$312K$21K$1.2M 990 PDF
FY2023 Viewing $209K$231K−$22K$1.2M 990 PDF
FY2022 $236K$239K−$2K$1.2M 990 PDF
FY2021 $227K$168K$59K$1.2M 990 PDF
FY2020 $175K$108K$67K$1.2M 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 FY2023 990 (6 parts)
Part I · Summary $209,315 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,190$0
I-9 Program service revenuePrior year $222,921$197,714
I-10 Investment incomePrior year $169$421
I-11 Other revenuePrior year $12,097$11,180
I-12 Total revenuePrior year $236,377$209,315
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $27,234$27,585
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $211,378$203,713
I-18 Total expensesPrior year $238,612$231,298
I-19 Revenue less expensesPrior year −$2,235−$21,983
Part VI · Governance 20 of 20 board members independent, 4 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $209,315 across 4 lines filed
Lines not itemized here account for $441 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $197,273$197,273
VIII-3 Investment incomeRelated to mission $421$421
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,180$11,180
VIII-12 Total revenueRelated to mission $209,315$209,315
Part IX · Statement of functional expenses $231,298 across 11 lines filed
IX-7 Other salaries and wagesPrograms $23,625 · Management $2,625$26,250
IX-10 Payroll taxesPrograms $1,201 · Management $134$1,335
IX-11c Accounting feesPrograms $1,620 · Management $180$1,800
IX-12 Advertising and promotionPrograms $4,431$4,431
IX-13 Office expensesPrograms $4,513 · Management $502$5,015
IX-16 OccupancyPrograms $92,553 · Management $10,283$102,836
IX-19 Conferences, conventions and meetingsManagement $9,467$9,467
IX-20 InterestPrograms $3,155$3,155
IX-23 InsurancePrograms $15,898 · Management $1,766$17,664
IX-24 Other expenses (24a–d)Programs $45,495$45,495
IX-24e All other expensesPrograms $13,850$13,850
IX-25 Total functional expensesPrograms $206,341 · Management $24,957 · Fundraising $0$231,298
Part X · Balance sheet $1,198,050 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $4$1
X-2 Savings and temporary cash investmentsStart of year $121,685$79,375
X-10c Land, buildings and equipment, netStart of year $1,101,572$1,118,674
X-16 Total assetsStart of year $1,223,261$1,198,050
X-25 Other liabilitiesStart of year $1,473$1,560
X-26 Total liabilitiesStart of year $4,788$1,560
X-32 Total net assets or fund balancesStart of year $1,218,473$1,196,490
X-33 Total liabilities and net assetsStart of year $1,223,261$1,198,050
Part XI · Reconciliation of net assets $1,196,490 net assets at year end
XI-1 Total revenue$209,315
XI-2 Total expenses$231,298
XI-3 Revenue less expenses−$21,983
XI-4 Net assets at start of year$1,218,473
XI-10 Net assets at end of year$1,196,490

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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