Fannin County Mult-Purpose Complex INC FY2022 filing

Bonham, TXUnknown exempt organizationEIN 75-2896551Revenue $210K in FY2022

On file with the IRSPo Box 698 · Bonham, TX

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The Multipurpose complex is the site of the Fannin County Fair which benefits many of the citizens of Fannin County and provides many educational benefits to the students of Fannin County schools who participate in livestock shows and other educational activities. The facility hosts multiple FFA and Agri-life events that draw school kids and adults. The facility also hosts multiple non-profit entities for banquets and fundraisers each year. The facility also hosts programs for local soccer clubs fitness clubs and sports club in the area each year at no cost to the participants. Many of our events are hosted at no charge to the participants provided they are attended by a cross section of the community.

80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
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
0 of 5
filings with a surplus
Average deficit $55K a year · 37% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
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
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$210K
+49% vs prior year
Spent
$247K
To programs
80%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$210K
FY2022▲ +49%
Tap a bar for its year
Revenue by fiscal year
FY2020$127K
FY2021$141K
FY2022$210K
FY2023$175K
FY2024$101K
Expenses
$247K
FY2022▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$177K
FY2021$206K
FY2022$247K
FY2023$245K
FY2024$154K
Net assets
$1.0M
FY2022▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.0M
FY2023$985K
FY2024$0

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $197K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Fannin County Mult-Purpose Complex 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Hosts community events, educational programs, and fundraisers benefiting local citizens and students.

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Provided by the organization

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1 program · $197K · in their own filed words · FY2022
01

The Multi-purpose complex facility is the site of the Fannin County Fair which benefits many of the citizens of Fannin County: and provides many educational benefits to the students of Fannin County schools who participate in Livestock shows and other educational activities.

$197Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$210K
Ln 12
Fees for servicesLn 2g$176K
Investment incomeLn 3$33K
Other incomeLn 4–11$1K
Money outPt IX
$247K
Ln 25
Programscol B$197K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$176K
Investment incomeLn 3$33K
Other incomeLn 4–11$1K
Total revenueLn 12$210K
Assets in detailPt X, end of year
CashLn 1$39K
SavingsLn 2$0
Cash and savings togetherLn 1–2$39K
InvestmentsLn 11–13$434K
Land, buildings, equipmentLn 10c$543K
Other assetsLn 15$0
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 51
VolunteersI 610
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$23K$39K
InvestmentsLn 11–13$481K$434K
Land, buildings, equipmentLn 10c$594K$543K
Total assetsLn 16$1.1M$1.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.1M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$62K$62K$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$5K$5K$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$2K$2K$0$0
Information technologyLn 14$1K$1K$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$104K$104K$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$51K$0$0$0
InsuranceLn 23$23K$23K$0$0
Total functional expensesLn 25$247K$197K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $101K$154K−$53K$0 990 PDF
FY2023 $175K$245K−$70K$985K 990 PDF
FY2022 Viewing $210K$247K−$37K$1.0M 990 PDF
FY2021 $141K$206K−$65K$1.1M 990 PDF
FY2020 $127K$177K−$50K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $209,643 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $139,825$175,840
I-10 Investment incomePrior year $0$32,503
I-11 Other revenuePrior year $0$1,300
I-12 Total revenuePrior year $139,825$209,643
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $52,745$66,785
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $153,462$180,319
I-18 Total expensesPrior year $206,207$247,104
I-19 Revenue less expensesPrior year −$66,382−$37,461
Part VI · Governance 4 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $209,643 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $175,840 · Unrelated business $0 · Excluded from tax $0$175,840
VIII-3 Investment incomeRelated to mission $32,503 · Unrelated business $0 · Excluded from tax $0$32,503
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $1,300 · Unrelated business $0 · Excluded from tax $0$1,300
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $209,643 · Unrelated business $0 · Excluded from tax $0$209,643
Part IX · Statement of functional expenses $247,104 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $62,000 · Management $0 · Fundraising $0$62,000
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $4,785 · Management $0 · Fundraising $0$4,785
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $1,509 · Management $0 · Fundraising $0$1,509
IX-14 Information technologyPrograms $1,400 · Management $0 · Fundraising $0$1,400
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $103,937 · Management $0 · Fundraising $0$103,937
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$50,542
IX-23 InsurancePrograms $22,931 · Management $0 · Fundraising $0$22,931
IX-25 Total functional expensesPrograms $196,562 · Management $0 · Fundraising $0$247,104
Part X · Balance sheet $1,017,026 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $23,071$39,438
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $4,908$305
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $593,549$543,007
X-11 Publicly traded securitiesStart of year $481,049$434,276
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $1,102,577$1,017,026
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,102,577$1,017,026
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,102,577$1,017,026
X-33 Total liabilities and net assetsStart of year $1,102,577$1,017,026
Part XI · Reconciliation of net assets $1,017,026 net assets at year end
XI-1 Total revenue$209,643
XI-2 Total expenses$247,104
XI-3 Revenue less expenses−$37,461
XI-4 Net assets at start of year$1,102,577
XI-5 Net unrealized gains (losses) on investments−$48,596
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$506
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,017,026

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

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