Kankakee County Fair & Exposition Inc
- Assets
- $612.1k
- Revenue
- $599.9k
- Investments
- $0.0
- Employees
- 10
- Location
- Kankakee, IL
- Founding
- 11/1973
- Data as of
- 10/2022
- EIN
- 36-6128238
Organization Overview
Kankakee County Fair & Exposition Inc is located in Kankakee, IL. The organization was established in 1973. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2022, Kankakee County Fair & Exposition Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kankakee County Fair & Exposition Inc 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 10/2022, Kankakee County Fair & Exposition Inc generated $599.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $487.5k during the year ending 10/2022. While expenses have increased by 1.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF THE KANKAKEE COUNTY FAIR
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE COUNTY FAIR FOR THE BENEFIT OF THE RESIDENTS OF KANKAKEE AND THE SURROUNDING COUNTIES
RENTAL OF THE FAIRGROUNDS & BUILDINGS FOR EVENTS/STORAGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Bauer Ex-Officio | Trustee | 40 | $37,748 |
Peter J Schafer President | OfficerTrustee | $0 | |
Ron Wildman Vice-Preside | OfficerTrustee | $0 | |
Julie Radtke Secretary | OfficerTrustee | $0 | |
Frank Briscoe Treasurer | OfficerTrustee | $0 | |
Dj Papineau Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,134 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,387 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,521 |
| Total Program Service Revenue | $490,881 |
| Investment income | $241 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,595 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $599,879 |
| 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. | $37,748 |
| Compensation of current officers, directors, key employees. | $8,264 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,409 |
| Payroll taxes | $17,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,950 |
| Office expenses | $656 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,598 |
| Travel | $2,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,761 |
| Insurance | $26,279 |
| All other expenses | $4,629 |
| Total functional expenses | $487,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,952 |
| Savings and temporary cash investments | $251 |
| Pledges and grants receivable | $21,150 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,689 |
| Net Land, buildings, and equipment | $243,020 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $612,062 |
| Accounts payable and accrued expenses | $5,598 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,598 |
| Net assets without donor restrictions | $606,464 |
| Net assets with donor restrictions | $0 |
| 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 | $612,062 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa West Foundation Council Bluffs, IA | $531,828,155 | $56,969,163 |
Richard M Fairbanks Foundation Inc Indianapolis, IN | $343,052,565 | $13,782,735 |
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 |