Red River Valley Fair Association is located in West Fargo, ND. The organization was established in 1959. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 10/2022, Red River Valley Fair Association employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red River Valley Fair Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 10/2022, Red River Valley Fair Association generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $6.4m during the year ending 10/2022. While expenses have increased by 9.6% 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 PROMOTE, FOSTER, OPERATE AND MAINTAIN A FAIR, AGRICULTURAL AND LIVESTOCK EXPOSITION, ANNUALLY, AT THE RED RIVER VALLEY FAIRGROUNDS, WEST FARGO, CASS COUNTY, NORTH DAKOTA
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE THE ANNUAL RED RIVER VALLEY FAIR, PROMOTING AGRICULTURE AND BENEFITING THE COMMUNITY.
OPERATE ANNUAL AGRICULTURE EXPOSITION, BIG IRON, ALONG WITH OTHER EXPOSITIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Cody Cashman General Manager | Officer | 40 | $122,387 |
Cheryl Herre-Altizer CFO | Officer | 40 | $94,766 |
Carina Sprenger Vice President | OfficerTrustee | 1 | $0 |
Robert Rasmussen President | OfficerTrustee | 1 | $0 |
Chris Feickert Secretary/treasurer | OfficerTrustee | 1 | $0 |
Vern Hofman Executive Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
In-house Advertising Inc Advertising | 3/30/16 | $212,018 |
Hubert Oye & Sons Inc Asphalt Sealing | 3/30/16 | $138,802 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $500,000 |
All other contributions, gifts, grants, and similar amounts not included above | $230,354 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $730,354 |
Total Program Service Revenue | $5,873,210 |
Investment income | $9,445 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $489,334 |
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 | $7,102,343 |
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. | $278,488 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $653,763 |
Pension plan accruals and contributions | $7,741 |
Other employee benefits | $71,156 |
Payroll taxes | $70,652 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $12,467 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $56,000 |
Advertising and promotion | $379,661 |
Office expenses | $324,729 |
Information technology | $9,102 |
Royalties | $0 |
Occupancy | $291,733 |
Travel | $24,031 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $6,451 |
Interest | $14,418 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $467,043 |
Insurance | $110,374 |
All other expenses | $458,468 |
Total functional expenses | $6,409,982 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,323,402 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $265,110 |
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 | $32,376 |
Net Land, buildings, and equipment | $6,194,256 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $81 |
Other assets | $248,355 |
Total assets | $8,063,580 |
Accounts payable and accrued expenses | $71,222 |
Grants payable | $0 |
Deferred revenue | $364,436 |
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 | $1,241,200 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,676,858 |
Net assets without donor restrictions | $6,386,722 |
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 | $8,063,580 |