Friends Of The Fairgrounds Inc
- Assets
- $78.6k
- Revenue
- $53.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Miles City, MT
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 47-4958915
Organization Overview
Friends Of The Fairgrounds Inc is located in Miles City, MT. The organization was established in 2015. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Fairgrounds Inc 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 12/2021, Friends Of The Fairgrounds Inc generated $53.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $31.6k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONTRIBUTE TO COMMUNITY WELLNESS PROGRAMS BY SPONSORING OR ASSISTING ACTIVITIES FOR THE USE OF THE FAIRGROUNDS. DEVELOP MARKETING PLANS FOR COMMUNITY AWARENESS OF THE ACTIVITIES. THE CORPORATION SHALL MAKE PHYSICAL REPAIRS AND IMPROVEMENTS TO THE COMMUNITY FAIRGROUNDS FOR PUBLIC USE AND BENEFIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION WILL MAKE PHYSICAL REPAIRS AND IMPROVEMENTS TO THE COMMUNITY FAIRGROUNDS FOR PUBLIC USE AND BENEFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Shaw President | OfficerTrustee | 0 | $0 |
Corey Jones Vice President | OfficerTrustee | 0 | $0 |
Deborah Shaw Secretary/treasurer | OfficerTrustee | 0 | $0 |
John Laney Board Member | Trustee | 0 | $0 |
Dirk Doeden Board Member | Trustee | 0 | $0 |
Financial Statements
| 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 | $44,770 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,770 |
| Total Program Service Revenue | $0 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,390 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,167 |
| 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 | $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 | $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 | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $31,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $742 |
| Savings and temporary cash investments | $77,810 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $78,552 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $78,552 |
| 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 | $78,552 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of The Fairgrounds Inc has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cody Stampede Inc Cody, WY | $3,494,478 | $3,110,728 |
Sioux Empire Fair Association Sioux Falls, SD | $1,938,315 | $2,671,698 |
Bhs Inc Miles City, MT | $616,353 | $1,455,430 |
Nampa Harvest Festival Association Inc Nampa, ID | $1,363,651 | $1,389,789 |
International Festivals & Events Association Boise, ID | $285,897 | $644,662 |
Greater Grand Forks Fair & Exhibition Association Inc Grand Forks, ND | $529,601 | $337,488 |
Rapid City Summer Nights Rapid City, SD | $175,997 | $286,079 |
Morton County Fair Association New Salem, ND | $0 | $447,939 |
Pembina County Annual Fair And Exhibition Association Cavalier, ND | $377,249 | $248,542 |
Minot Indoor Rodeo Inc Minot, ND | $141,549 | $286,998 |
Glasgow Rodeo Committee Glasgow, MT | $15,032 | $0 |
Ransom County Fair Association Lisbon, ND | $0 | $228,615 |