Faribault County Fair
- Assets
- $8.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 16
- Location
- Blue Earth, MN
- Founding
- 09/2012
- Data as of
- 09/2021
- EIN
- 45-5359334
Organization Overview
Faribault County Fair is located in Blue Earth, MN. The organization was established in 2012. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Faribault County Fair employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faribault County Fair 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 09/2021, Faribault County Fair generated $135.1k 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 (3.5%) each year. All expenses for the organization totaled $130.7k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO CONDUCT THE FARIBAULT COUNTY FAIR WHICH PROVIDES AN OPPORTUNITY FOR EDUCATION THROUGH LIVESTOCK EXHIBITS, CREATIVE ARTS EXHIBITS, YOUTH PROGRAMS AND OTHER AGRICULTURE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daryl Murray Director | 3 | $0 | |
Joe Stevermer Vice President | 3 | $0 | |
Milton Steele Director | 5 | $0 | |
Robin Stenzel Secretary | 5 | $0 | |
Marlin Krupp Director | 3 | $0 | |
Milo Goltz Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,825 |
| Total Program Service Revenue | $66,641 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,617 |
| Total Revenue | $135,083 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,254 |
| Professional fees and other payments to independent contractors | $565 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $126,916 |
| Total expenses | $130,735 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,960 |
| Other assets | $0 |
| Total assets | $7,960 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,960 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa West Foundation Council Bluffs, IA | $531,828,155 | $56,969,163 |
Iowa State Fair Foundation Des Moines, IA | $11,002,682 | $8,403,117 |
Fair And Exposition Society Of Jones County Inc Monticello, IA | $5,659,527 | $5,307,608 |
Minnesota Fair Plan Bloomington, MN | $3,079,043 | $3,023,700 |
Sioux Empire Fair Association Sioux Falls, SD | $1,938,315 | $2,671,698 |
Minnesota Propane Association Zimmerman, MN | $1,583,838 | $1,664,231 |
Sheboygan County Fair Association Plymouth, WI | $2,297,030 | $1,962,294 |
Kenosha County Fair Association Inc Wilmot, WI | $2,247,686 | $1,814,776 |
German Fest Milwaukee Inc Menomonee Falls, WI | $1,157,824 | $1,461,133 |
Walworth County Agricultural Society Elkhorn, WI | $2,948,383 | $904,049 |
Shawano Area Agricultural Society Inc Shawano, WI | $1,017,818 | $1,408,309 |
Delaware County Fair Society Inc Manchester, IA | $1,772,483 | $1,454,892 |