Linn County Fair Association is located in Central City, IA. The organization was established in 2008. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Linn County Fair Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Linn County 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 09/2022, Linn County Fair Association generated $609.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $566.8k during the year ending 09/2022. While expenses have increased by 5.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AN AGRICULTURAL SOCIETY WITH SCIENTIFIC INTEREST IN FARMING LIVESTOCK HUSBANDRY ART SCIENCE AND SCIENTIFIC ANIMAL BREEDING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOSTS A COUNTY FAIR WHICH BRINGS YOUTH FROM ALL LINN COUNTY, IA. TO PARTICIPATE BY SHOWING AND JUDGING LIVESTOCK, YOUTH PREPARE PROJECTS FOR JUDGING.
RENTAL EVENTS: TO PROVIDE AN AREA FOR SPECIAL EVENTS FOR THE COMMUNITY AND SURROUNDING AREAS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Albert Martin President | Officer | 20 | $0 |
Britt Nielsen Secretary | Officer | 4 | $0 |
Jenn Dunn Co Vice President | Officer | 15 | $0 |
Heidi Steffen Co Vice President | Officer | 12 | $0 |
Susan Clarke Treasurer | Officer | 6 | $0 |
Ryan Sieck Director | Trustee | 6 | $0 |
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 | $60,760 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $60,760 |
Total Program Service Revenue | $522,039 |
Investment income | $26,522 |
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 | $609,321 |
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 | $45,578 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $3,724 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,800 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,824 |
Advertising and promotion | $33,224 |
Office expenses | $2,281 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $237 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $935 |
Interest | $20,132 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $33,607 |
All other expenses | $136,743 |
Total functional expenses | $566,817 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $141,893 |
Savings and temporary cash investments | $140,325 |
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 | $533,065 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $815,283 |
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 | $300,218 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $521 |
Total liabilities | $300,739 |
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 | $514,544 |
Total liabilities and net assets/fund balances | $815,283 |
Over the last fiscal year, we have identified 2 grants that Linn County Fair Association has recieved totaling $156.
Awarding Organization | Amount |
---|---|
Alliant Energy Foundation Inc Madison, WI PURPOSE: VOLUNTEER GRANT | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $56 |
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