Lee County Fair
- Assets
- $821.6k
- Revenue
- $295.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Donnellson, IA
- Founding
- 06/1940
- Data as of
- 12/2023
- EIN
- 42-0696098
Organization Overview
Lee County Fair is located in Donnellson, IA. The organization was established in 1940. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Lee County Fair employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lee County Fair is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, Lee County Fair generated $295.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $313.2k during the year ending 12/2023. While expenses have increased by 3.0% 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 SUPPORT AGRICULTURE EDUCATION AND DEVELOPMENT FOR YOUTHS IN LEE COUNTY, IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEE COUNTY FAIR HELD IN JULY WERE EXHIBITS AND SHOWS FOR AG LIVESTOCK, GARDEN PRODUCTS, HOME CANNING, BAKING, EQT, ETC ARE HELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Benner Director | Trustee | $0 | |
Bryan Bredemeyer President | OfficerTrustee | 1 | $0 |
Kent Brisby Director | Trustee | $0 | |
Ashleigh Burgess Director | Trustee | $0 | |
Jim Gillenwater Director | Trustee | $0 | |
Mason Holvoet Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,412 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,412 |
| Total Program Service Revenue | $174,942 |
| Investment income | $644 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,412 |
| 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 | $16,086 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $295,496 |
| 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 | $4,525 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,679 |
| Office expenses | $2,783 |
| Information technology | $9,811 |
| Royalties | $0 |
| Occupancy | $24,484 |
| Travel | $2,477 |
| 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 | $31,895 |
| Insurance | $30,744 |
| All other expenses | $6,148 |
| Total functional expenses | $313,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,171 |
| Savings and temporary cash investments | $160,140 |
| 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 | $0 |
| Net Land, buildings, and equipment | $626,251 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $14,000 |
| Other assets | $0 |
| Total assets | $821,562 |
| 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 | $104,750 |
| Other liabilities | $0 |
| Total liabilities | $104,750 |
| Net assets without donor restrictions | $716,812 |
| 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 | $821,562 |