Winneshiek County Agricultural Association
- Assets
- $1.8m
- Revenue
- $563.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Decorah, IA
- Founding
- 10/1940
- Data as of
- 09/2023
- EIN
- 42-0605155
Organization Overview
Winneshiek County Agricultural Association, operating under the name Winneshiek County Fair Board, is located in Decorah, IA. The organization was established in 1940. 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. Winneshiek County Fair Board 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 09/2023, Winneshiek County Fair Board generated $563.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $731.7k during the year ending 09/2023. While expenses have increased by 8.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE ANNUAL, FREE WINNESHIEK COUNTY FAIR, TO ADVANCE THE INTERESTS OF ANIMAL HUSBANDRY, AGRICULTURE, HORTICULTURE & FLORICULTURE, TO IMPROVE & ENCOURAGE BREEDING OF FINE STOCK, AND TO STIMULATE THE STUDY OF ARTS & SCIENCES, ESPECIALLY FOR YOUTHS & YOUNG ADULTS, PROVIDING THE FACILITIES & EVENTS TO EXHIBIT THE PRODUCTS & RESULTS OF THESES EDUCATIONAL AND SCIENTIFIC PROJECTS, AS WELL AS ART & CRAFT PROJECTS AND THE PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL ATTENDANCE AT THE FAIRS REGULARLY EXCEEDS TOTAL POPULATION OF COUNTY, USUALLY BY 50% MORE; AN ESTIMATED 38,500 ATTENDESS USUALLY COME TO SEE THE LIVESTOCK ENTRIES AND EXHIBITS FROM EVERY 4-H AND FFA ORGANIZATION IN THE COUNTY, PLUS ALL HIGH SCHOOLS AND MOST NON-PROFIT CHARITABLE ORGANIZATIONS; EACH YEAR HAS INCLUDED SPONSORSHIP OF THE ANNUAL BILL RILEY STATE FAIR TALENT SEARCH THAT INCLUDED BOTH SPROUT & SENIOR DIVISION ENTRANTS FROM AGES 2 TO 22.
HOSTING WEEKLY SUMMER STOCK CAR RACES FOR RESIDENTS OF WINNESHIEK COUNTY ALONG WITH RODEO AND TRACTOR PULL.
FAIRGROUNDS FACILITIES EVENTS THAT TYPICALLY OCCUR IN THE YEAR INCLUDE FFA BANQUET, IOWA DRIFTLESS BANQUET, COMMUNITY FARMERS MARKET, DECORAH AREA CHAMBER OF COMEMERCE AG COMMITTEE MEETINGS AND WOMENS WEEKEND OUT EVENT, REGIONAL FIRE DEPARTMENTS BENEFIT RODEO, UPPER IOWA TRAINING CLUB SESSION, NE IOWA COMMUNITY ACTION TRAINING SESSIONS, WINTER STORAGE FOR COUNTY RESIDENTS, LUTHER COLLEGE, NORDIC FEST AND ALLIANT ENERGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Schutte Vice President | OfficerTrustee | 5 | $0 |
Mark Knutson Director | Trustee | 3 | $0 |
Ron Hemesath Secretary | OfficerTrustee | 5 | $0 |
John Schnitzler Director | Trustee | 3 | $0 |
Arlin Franzen President | OfficerTrustee | 5 | $0 |
Gordy Tangen Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,581 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,481 |
| Total Program Service Revenue | $478,450 |
| Investment income | $0 |
| 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 | $563,931 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $43,445 |
| Fees for services: Legal | $11,756 |
| 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 | $10,728 |
| Office expenses | $716 |
| Information technology | $500 |
| Royalties | $0 |
| Occupancy | $119,346 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,580 |
| Interest | $24,675 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,149 |
| Insurance | $35,413 |
| All other expenses | $26,149 |
| Total functional expenses | $731,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,976 |
| Savings and temporary cash investments | $200 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,755 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,642,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11 |
| Total assets | $1,785,923 |
| Accounts payable and accrued expenses | $55,857 |
| 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 | $606,056 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $661,913 |
| 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 | $251,245 |
| Retained earnings, endowment, accumulated income, or other funds | $872,765 |
| Total liabilities and net assets/fund balances | $1,785,923 |