Dickson County Fair Association FY2022 filing

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To promote the agricultural heritage of Dickson County and preserve a safe and wholesome place to enjoy the fair and see the displays.

501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
$4K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2022 · 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
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
4 of 5
filings with a surplus
Average surplus $27K a year · 17% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
14 mo
of spending, in cash
Looks good: 14.0 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
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$147K
+63% vs prior year
Spent
$122K
To programs
0%
Net assets
$215K
By yearFY2020–FY2024
Revenue
$147K
FY2022▲ +63%
Tap a bar for its year
Revenue by fiscal year
FY2020$132K
FY2021$90K
FY2022$147K
FY2023$71K
FY2024$326K
Expenses
$122K
FY2022▲ +114%
Tap a bar for its year
Expenses by fiscal year
FY2020$103K
FY2021$57K
FY2022$122K
FY2023$81K
FY2024$270K
Net assets
$215K
FY2022▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$158K
FY2021$190K
FY2022$215K
FY2023$198K
FY2024$116K

From the FY2022 Form 990 · see the original

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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 ruling in Apr 2005.

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

Who runs it and what they're paid

17 people listed on the 990; $4K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary
$4,400Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Teresa Hafner’s $5K as Secretary is at the 12th percentile of top reported officer pay among 1017 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Teresa Hafner$5,000$4,800$4,400$4,800$4,800

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Dickson 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

Preserves agricultural heritage and hosts a safe, wholesome fair with displays.

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Provided by the organization

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1 program · $191K · in their own filed words · FY2022
01

We strived to continue our mission despite the Covid 19 pandemic economic fluctuations of 2022. We promote the history and future of the agricultural community . We continue our 93 year proud tradition of bringing families and friends together for the different wholesome events and yearly county fair.

$191Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$147K
Ln 12
Other incomeLn 4–11$123K
Gifts and grantsLn 1h$23K
Investment incomeLn 3$100
Money outPt IX
$122K
Ln 25
Owns and owesPt X
$215K
net assets · Ln 32
Cash and savingsLn 1–2$143K
Total assetsLn 16$215K
LiabilitiesLn 26$0
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23K
Government grantsLn 1e$21K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$100
Other incomeLn 4–11$123K
Gains on assetsLn 7$0
Total revenueLn 12$147K
Assets in detailPt X, end of year
CashLn 1$140K
SavingsLn 2$3K
Cash and savings togetherLn 1–2$143K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$72K
Other assetsLn 15$0
Total assetsLn 16$215K
LiabilitiesLn 26$0
Net assetsLn 32$215K
OperationsPt I, VI
EmployeesI 51
VolunteersI 616
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$119K$143K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$72K$72K
Total assetsLn 16$190K$215K
LiabilitiesLn 26$0$0
Net assetsLn 32$190K$215K
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$4K
Other fees for servicesLn 11g$58K
Advertising and promotionLn 12$137
Office expensesLn 13$6K
Information technologyLn 14$2K
Conferences, conventions and meetingsLn 19$13K
InsuranceLn 23$12K
Other expenses (24a–d)Ln 24$27K
Total functional expensesLn 25$122K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $326K$270K$57K$116K 990 PDF
FY2023 $71K$81K−$11K$198K 990 PDF
FY2022 Viewing $147K$122K$24K$215K 990 PDF
FY2021 $90K$57K$33K$190K 990 PDF
FY2020 $132K$103K$30K$158K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $146,534 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,872$23,050
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $88$100
I-11 Other revenuePrior year $64,772$123,384
I-12 Total revenuePrior year $89,732$146,534
I-13 Grants and similar amounts paidPrior year $12,672$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,284$4,400
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $36,125$117,951
I-18 Total expensesPrior year $57,081$122,351
I-19 Revenue less expensesPrior year $32,651$24,183
Part VI · Governance 17 of 17 board members independent, 4 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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 $146,534 across 15 lines filed
Lines not itemized here account for $33,474 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$20,833
VIII-1f All other contributions, gifts and grants$2,217
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$23,050
VIII-3 Investment incomeRelated to mission $100 · Unrelated business $0 · Excluded from tax $0$100
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $20,260 · Unrelated business $0 · Excluded from tax $0$20,260
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $58,492$58,492
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,158 · Unrelated business $0 · Excluded from tax $0$11,158
VIII-12 Total revenueRelated to mission $42,676 · Unrelated business $0 · Excluded from tax $80,808$146,534
Part IX · Statement of functional expenses $122,351 across 12 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$4,400
IX-11g Other fees for services$58,492
IX-12 Advertising and promotion$137
IX-13 Office expenses$5,918
IX-14 Information technology$2,487
IX-19 Conferences, conventions and meetings$12,718
IX-23 Insurance$11,624
IX-24 Other expenses (24a–d)$26,575
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$122,351
Part X · Balance sheet $214,557 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $109,622$139,864
X-2 Savings and temporary cash investmentsStart of year $8,952$2,893
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
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 $71,800$71,800
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 $190,374$214,557
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 $190,374$214,557
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $190,374$214,557
X-33 Total liabilities and net assetsStart of year $190,374$214,557
Part XI · Reconciliation of net assets $214,557 net assets at year end
XI-1 Total revenue$146,534
XI-2 Total expenses$122,351
XI-3 Revenue less expenses$24,183
XI-4 Net assets at start of year$190,374
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$214,557

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

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