Hamilton County Exposition
- Assets
- $680.4k
- Revenue
- $275.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Webster City, IA
- Founding
- 09/1940
- Data as of
- 09/2023
- EIN
- 42-0717652
Organization Overview
Hamilton County Exposition is located in Webster City, 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 09/2023, Hamilton County Exposition employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hamilton County Exposition is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 09/2023, Hamilton County Exposition generated $275.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $339.2k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 6 years. 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
FUND ANNUAL SIX (6) DAY COUNTY FAIR
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AN ANNUAL SIX (6) DAY AGRICULTURAL, HORTICULTURAL, AND EDUCATIONAL COUNTY FAIR WITH DISPLAYS, YOUTH PROJECTS, AND EDUCATIONAL YOUTH ACTIVITIES AND EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Griffith Secretary | 30 | $36,962 | |
Zach Williams President | OfficerTrustee | 3 | $0 |
Marty Johnson Director | OfficerTrustee | 3 | $0 |
Tennie Carlson Treasurer | OfficerTrustee | 3 | $0 |
Scott Jacobsen Director | Trustee | 3 | $0 |
Adam Richardson Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,156 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,690 |
| Total Program Service Revenue | $138,628 |
| Investment income | $315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $65,781 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,567 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $275,476 |
| 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. | $36,962 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,490 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,344 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,143 |
| Office expenses | $2,003 |
| Information technology | $2,411 |
| Royalties | $0 |
| Occupancy | $45,654 |
| Travel | $118 |
| 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 | $21,494 |
| Insurance | $21,257 |
| All other expenses | $5,532 |
| Total functional expenses | $339,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,888 |
| 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 | $0 |
| Net Land, buildings, and equipment | $610,492 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $680,380 |
| Accounts payable and accrued expenses | $2,203 |
| 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 | $2,203 |
| 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 | $678,177 |
| Total liabilities and net assets/fund balances | $680,380 |