Boone County Fair Association
- Assets
- $3.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 18
- Location
- Belvidere, IL
- Founding
- 07/2011
- Data as of
- 09/2021
- EIN
- 23-7166010
Organization Overview
Boone County Fair Association is located in Belvidere, IL. The organization was established in 2011. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2021, Boone County Fair Association employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boone County Fair Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Boone County Fair Association generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.5m during the year ending 09/2021. While expenses have increased by 1.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF AN AGRICULTURAL COUNTY FAIR. MANY SERVICE CLUBS AND TAX EXEMPT ORGANIZATIONS USE FAIR AS THEIR FUND RAISERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN AGRICULTURAL COUNTY FAIR. MANY SERVICE CLUBS USE OUR FAIR AS THEIR FUND RAISERS.
OPERATION OF AN AGRICULTURAL COUNTY FAIR. MANY SERVICE CLUBS USE OUR FAIR AS THEIR FUND RAISERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lyle Lee President | OfficerTrustee | 15 | $5,000 |
Paul Zeien Treasurer | OfficerTrustee | 15 | $5,000 |
Susan Banks Secretary | OfficerTrustee | 15 | $5,000 |
Jack Ratcliffe Vice Preside | OfficerTrustee | 15 | $5,000 |
Steve Paulson Director | Trustee | 5 | $0 |
Ruth Blasingame Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,629 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,522 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,151 |
| Total Program Service Revenue | $1,541,521 |
| Investment income | $204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,687,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,222 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,238 |
| Payroll taxes | $17,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $63,038 |
| Office expenses | $29,033 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,981 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,650 |
| Insurance | $75,161 |
| All other expenses | $436,736 |
| Total functional expenses | $1,496,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $932,252 |
| Savings and temporary cash investments | $50,573 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,404 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,079 |
| Net Land, buildings, and equipment | $1,972,439 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,013,747 |
| Accounts payable and accrued expenses | $36,224 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $45,000 |
| Other liabilities | $360,836 |
| Total liabilities | $442,060 |
| Net assets without donor restrictions | $2,487,138 |
| Net assets with donor restrictions | $84,549 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,013,747 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Boone County Fair Association has recieved totaling $6,555.
| Awarding Organization | Amount |
|---|---|
Boone County Community Foundation Belvidere, IL PURPOSE: AID IN THEIR PROGRAM | $6,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $55 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Food Shippers Of America Inc Geneva, IL | $1,637,121 | $1,840,645 |
Boone County Fair Association Belvidere, IL | $3,013,747 | $1,687,537 |
Kinship Mke Inc Milwaukee, WI | $4,987,753 | $2,706,784 |
St Vincent De Paul Thrift Store Inc Marshfield, WI | $3,892,280 | $1,717,707 |
Farm Stew International Princeton, IL | $756,525 | $1,608,819 |
Angelic Organics Learning Center Inc Caledonia, IL | $2,139,499 | $1,069,053 |
Iowa Restaurant Association West Des Moines, IA | $289,803 | $784,480 |
Health Research Institute Fairfield, IA | $294,811 | $596,439 |
Cornucopia Institute Incorporated Viroqua, WI | $1,310,459 | $989,761 |
Louisville Grows Inc Louisville, KY | $561,055 | $787,169 |
Nourish Farms Inc Sheboygan Falls, WI | $2,156,397 | $713,835 |
Peoria County Farm Bureau Inc Peoria, IL | $3,279,212 | $641,599 |