Mississippi Valley Fair Inc
- Assets
- $12.8m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 41
- Location
- Davenport, IA
- Founding
- 04/1946
- Data as of
- 08/2021
- EIN
- 42-0418940
Organization Overview
Mississippi Valley Fair Inc is located in Davenport, IA. The organization was established in 1946. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 08/2021, Mississippi Valley Fair Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Valley Fair Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2021, Mississippi Valley Fair Inc generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $4.4m during the year ending 08/2021. While expenses have increased by 7.5% 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
TO OPERATE THE ANNUAL FAIR AND PROVIDE FACILITIES FOR OTHER EVENTS THROUGHOUT THE YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUALLY, THE ORGANIZATION PROVIDES AN AGRICULTURAL FAIR FOR SCOTT COUNTY, WITH ABOUT 300,000 PERSONS ATTENDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Friederichs 2nd Vice President | OfficerTrustee | 1 | $0 |
Jon Lafrenz 1st Vice President | OfficerTrustee | 1 | $0 |
James Berger President | OfficerTrustee | 1 | $0 |
Dan Bernick Treasurer | OfficerTrustee | 1 | $0 |
Jeff Claussen Director | Trustee | 1 | $0 |
Fred Classon Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Romeo Entertainment Talent Broker | 8/30/19 | $1,739,518 |
Paustian Concrete Inc Concrete Work | 8/30/19 | $138,029 |
Hoffman Electric Inc Electrician | 8/30/19 | $115,287 |
Tag Communications Inc Advertising | 8/30/19 | $114,455 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $687,507 |
| All other contributions, gifts, grants, and similar amounts not included above | $568,249 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,255,756 |
| Total Program Service Revenue | $2,611,976 |
| Investment income | $42,263 |
| 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 | $1,616,731 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,568,148 |
| 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. | $227,499 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $384,895 |
| Pension plan accruals and contributions | $5,235 |
| Other employee benefits | $60,224 |
| Payroll taxes | $51,644 |
| 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 | $18,950 |
| Advertising and promotion | $105,824 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $250,085 |
| Insurance | $138,185 |
| All other expenses | $539,526 |
| Total functional expenses | $4,432,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,478,422 |
| Savings and temporary cash investments | $5,696,528 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,364 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,001 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,474,114 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,875 |
| Total assets | $12,760,304 |
| Accounts payable and accrued expenses | $169,105 |
| 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 | $54,031 |
| Total liabilities | $223,136 |
| Net assets without donor restrictions | $12,490,822 |
| Net assets with donor restrictions | $46,346 |
| 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 | $12,760,304 |