Madison County Livestock & Fair Association
- Assets
- $1.1m
- Revenue
- $541.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Winterset, IA
- Founding
- 12/2007
- Data as of
- 09/2023
- EIN
- 42-1088535
Organization Overview
Madison County Livestock & Fair Association is located in Winterset, IA. The organization was established in 2007. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison County Livestock & Fair Association 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, Madison County Livestock & Fair Association generated $541.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $505.4k during the year ending 09/2023. While expenses have increased by 12.2% 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
ANNUAL COUNTY FAIR WHERE EXHIBITS AND EDUCATIONAL ACTIVITIES PROVIDE A LEARNING ENVIRONMENT FOR FAMILIES AND YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES OF THE ORGANIZATION PROVIDE TOOLS TO HELP FAMILIES GROW TOGETHER AND PREPARE KIDS FOR THEIR FUTURE. PARTICIPANTS LEARN AND PRACTIVE HOW TO BE GOOD LEADERS, GOOD CITIZENS, AND GOOD COMMUNICATORS. THE ORGANIZATION ALLOCATES 100% OF THEIR VOLUNTEER TIME TO THE ANNUAL COUNTY FAIR. AT THE FAIR, THE LEARNING COMES TOGETHER AT ONE LOCATION TO BE JUDGED BY PROFESSIONALS. THE ACTIVITIES ARE FUNDED BY NIGHTLY SHOWS AND EVENTS OPEN TO THE COMMUNITY AND SURROUNDING AREAS AND BY DONATIONS. THE REVENUES FROM ALL OF THE ORGANIZATIONS ACTIVITIES ARE USED TO PROMOTE THE EDUCATIONAL NEEDS OF THE YOUTH OF MADISON COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Debower Director | Trustee | 0 | $0 |
Scott Oneal Director | Trustee | 0 | $0 |
Shelly Gibson Director | Trustee | 0 | $0 |
Cj Kading Director | Trustee | 0 | $0 |
Bart Porter Director | Trustee | 0 | $0 |
Matt Porter Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,156 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,780 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,936 |
| Total Program Service Revenue | $258,782 |
| Investment income | $97 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $85,147 |
| 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 | $541,941 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,550 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,677 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,907 |
| Office expenses | $1,855 |
| 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 | $4,872 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,568 |
| Insurance | $13,871 |
| All other expenses | $141,540 |
| Total functional expenses | $505,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,498 |
| 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 | $1,019,493 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,146,991 |
| 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 | $103,304 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,038 |
| Total liabilities | $116,342 |
| 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 | $1,030,649 |
| Total liabilities and net assets/fund balances | $1,146,991 |