Bremer County Fair Association
- Assets
- $812.4k
- Revenue
- $918.0k
- Investments
- $0.0
- Employees
- 14
- Location
- Sumner, IA
- Founding
- 06/2010
- Data as of
- 09/2022
- EIN
- 42-1335128
Organization Overview
Bremer County Fair Association is located in Sumner, IA. The organization was established in 2010. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Bremer County Fair Association employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bremer 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, Bremer County Fair Association generated $918.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $1.2m during the year ending 09/2022. While expenses have increased by 19.7% 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
THE ORGANIZATION'S MISSION IS TO PRESENT THE BREMER COUNTY FAIR AT A MINIMAL COST TO PARTICIPANTS AND GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE FAIR FOR THE CHILDREN AND YOUNG ADULTS. LEARN THE 4-H MOTTO AND THE FFA MOTTO.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny Buls Treasurer | Trustee | 5 | $2,700 |
Dawn Bergmann Secretary | Trustee | 2 | $1,500 |
Josh Petersen President | Trustee | 2 | $1,500 |
Josh Gilbert Vice President | Trustee | 1 | $375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $182,308 |
| All other contributions, gifts, grants, and similar amounts not included above | $391,148 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $573,456 |
| Total Program Service Revenue | $343,993 |
| Investment income | $512 |
| 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 | $917,961 |
| 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. | $6,075 |
| Compensation of current officers, directors, key employees. | $6,075 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,134 |
| 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 | $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 | $28,078 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,346 |
| Insurance | $19,030 |
| All other expenses | $146,754 |
| Total functional expenses | $1,241,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,625 |
| 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 | $637,074 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $127,719 |
| Total assets | $812,418 |
| Accounts payable and accrued expenses | $79 |
| 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 | $79 |
| 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 | $812,339 |
| Total liabilities and net assets/fund balances | $812,418 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bremer County Fair Association has recieved totaling $1,009.
| Awarding Organization | Amount |
|---|---|
Lsb Foundation Reinbeck, IA PURPOSE: SUPPORT THE NEW BREMER COUNTY FAIRGROUNDS PROJECT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $9 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
On With Life Inc Ankeny, IA | $19,447,887 | $18,186,855 |
International Association Of Lions Clubs Fridley, MN | $197,690 | $14,146,394 |
East Missouri Action Agency Inc Park Hills, MO | $6,519,330 | $14,431,185 |
Peoples Resource Center Wheaton, IL | $11,624,824 | $14,489,395 |
Options In Community Living Inc Madison, WI | $7,666,427 | $12,922,524 |
Center City Housing Corporation Duluth, MN | $35,739,418 | $8,813,039 |
The Project Of The Quad Cities Moline, IL | $3,042,917 | $9,742,206 |
Access North Center For Independent Living Of Northeastern Minnesota Hibbing, MN | $4,421,937 | $7,763,537 |
Rural Office Of Community Services Wagner, SD | $1,371,627 | $8,326,343 |
Hoosier Christian Village Inc St Louis, MO | $24,285,430 | $9,852,963 |
Industrial Council Of Nearwest Chicago Chicago, IL | $18,846,941 | $7,031,368 |