Central Iowa Fair Association Inc
- Assets
- $504.5k
- Revenue
- $213.7k
- Investments
- $445.4k
- Employees
- 0
- Location
- Marshalltown, IA
- Founding
- 10/2002
- Data as of
- 06/2022
- EIN
- 42-0174700
Organization Overview
Central Iowa Fair Association Inc is located in Marshalltown, IA. The organization was established in 2002. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Iowa Fair Association 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 06/2022, Central Iowa Fair Association Inc generated $213.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $280.6k during the year ending 06/2022. While expenses have increased by 7.5% 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
TO PROVIDE AN AGRICULTURAL FAIR FOR THE YOUTH OF MARSHALL COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES A COUNTY FAIR TO PROMOTE THE DEVELOPMENT OF AGRICULTURE.
PROVIDE FACILITIES FOR COMMUNITY ACTIVITIES.
4-H SCHOLARSHIPS AND GRANTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colene Ferrin Secretary/director | OfficerTrustee | 1 | $0 |
Jodi Breniman Vice-President/director | OfficerTrustee | 1 | $0 |
Brian Ash President/director | OfficerTrustee | 1 | $0 |
Brett Stewart Director | Trustee | 0.2 | $0 |
Jeanne Wiley Director | Trustee | 0.2 | $0 |
Craig Hawkins Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $465 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,719 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,184 |
| Total Program Service Revenue | $106,393 |
| Investment income | $264 |
| 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 | $213,663 |
| 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 | $35,429 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $689 |
| Payroll taxes | $3,464 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,905 |
| 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 | $41 |
| Advertising and promotion | $6,960 |
| Office expenses | $3,550 |
| Information technology | $1,081 |
| Royalties | $0 |
| Occupancy | $33,975 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $726 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,559 |
| Insurance | $14,977 |
| All other expenses | $34,412 |
| Total functional expenses | $280,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,877 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,408 |
| Net Land, buildings, and equipment | $23,050 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $445,358 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $765 |
| Total assets | $504,458 |
| Accounts payable and accrued expenses | $0 |
| 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 | $356,420 |
| Total liabilities | $356,420 |
| Net assets without donor restrictions | $0 |
| 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 | $148,038 |
| Total liabilities and net assets/fund balances | $504,458 |