Kane County Fair
- Assets
- $21.1m
- Revenue
- $1.9m
- Investments
- $5.2m
- Employees
- 0
- Location
- St Charles, IL
- Founding
- 02/1963
- Data as of
- 10/2021
- EIN
- 36-2070625
Organization Overview
Kane County Fair is located in St Charles, IL. The organization was established in 1963. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kane County Fair 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 10/2021, Kane County Fair generated $1.9m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $2.0m during the year ending 10/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
COUNTY FAIR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Unger Executive Manager | 50 | $108,338 | |
Larry Breon President | 5 | $30,000 | |
Irvin Brummel Secretary | 5 | $12,000 | |
Tom Reynolds Director | 5 | $12,000 | |
Ken Kaergard Director | 5 | $12,000 | |
Bart Breon Director | 5 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $58,552 |
| Interest on Savings | $1,646 |
| Dividends & Interest | $71,556 |
| Net Rental Income | $82,709 |
| Net Gain on Sale of Assets | $344,303 |
| Capital Gain Net Income | $344,303 |
| Net ST Capital Gain | $1,913 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,337,361 |
| Total Revenue | $1,916,331 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $227,338 |
| Other employee salaries and wages | $179,121 |
| Pension plans, employee benefits | $22,593 |
| Interest | $0 |
| Taxes | $288,631 |
| Depreciation | $463,907 |
| Occupancy | $183,441 |
| Travel, conferences, and meetings | $1,792 |
| Printing and publications | $0 |
| Other expenses | $492,843 |
| Total operating and administrative expenses | $1,919,842 |
| Contributions, gifts, grants paid | $39,500 |
| Total expenses and disbursements | $1,959,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $582,702 |
| Net Accounts receivable | $51,665 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $38,216 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,318 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $14,090,837 |
| Other assets | $1,050,000 |
| Total assets | $21,061,651 |
| Accounts payable and accrued expenses | $272,889 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $272,889 |
Grants Awarded
Over the last fiscal year, Kane County Fair has awarded $39,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ILLINOIS EXTENSION PURPOSE: 4H SUPPORT | $35,000 |
OLIVIA YOUNG PURPOSE: COLLEGE SCHOLARSHIP | $4,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kane County Fair has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Presence Care Transformation Corporation St Louis, MO PURPOSE: General Support | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa State Fair Foundation Des Moines, IA | $11,002,682 | $8,403,117 |
American Royal Association Kansas City, MO | $28,283,023 | $7,000,256 |
500 Festival Inc Indianapolis, IN | $6,763,861 | $5,772,745 |
Kentucky Derby Festival Inc Louisville, KY | $6,625,289 | $3,844,478 |
Fair And Exposition Society Of Jones County Inc Monticello, IA | $5,659,527 | $5,307,608 |
Kane County Fair St Charles, IL | $21,061,651 | $1,916,331 |
Sheboygan County Fair Association Plymouth, WI | $2,297,030 | $1,962,294 |
Kenosha County Fair Association Inc Wilmot, WI | $2,247,686 | $1,814,776 |
German Fest Milwaukee Inc Menomonee Falls, WI | $1,157,824 | $1,461,133 |
Lake County Fair Association Grayslake, IL | $27,796,345 | $1,095,277 |
Walworth County Agricultural Society Elkhorn, WI | $2,948,383 | $904,049 |
Shawano Area Agricultural Society Inc Shawano, WI | $1,017,818 | $1,408,309 |