Wabaunsee County Fair Assn
- Assets
- $256.5k
- Revenue
- $162.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Alma, KS
- Founding
- 11/1934
- Data as of
- 12/2022
- EIN
- 48-6119405
Organization Overview
Wabaunsee County Fair Assn is located in Alma, KS. The organization was established in 1934. 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. Wabaunsee County Fair Assn is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Wabaunsee County Fair Assn generated $162.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $181.8k during the year ending 12/2022. While expenses have increased by 10.4% per year over the past 8 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 PROVIDE AN ENJOYABLE, SAFE,YEAR-ROUND, MULTI-USE PUBLIC FACILITY EMPHASIZING OPPURTUNITIES IN EDUCATION, AGRICULTURAL AND RECREATION THAT ENHANCES PARTNERSHIPS IN BUILDING A STRONGER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY ACHIEVEMENT AND PURPOSE OF THE ASSOCIATION IS TO ORGANIZE AND OPERATE THE ANNUAL COUNTY FAIR. THE 4 DAY EVENT THE END OF JULY IS FOR DISPLAYING THE PROJECTS OF THE 173 4-H YOUTH AND 39 COMMUNITY MEMBERS. IN 2022 APPROXIMATELY 4500 COMMUNITY MEMBERS ATTENDED THE FAIR. THE FAIRGROUND AND ITS FACILITIES ARE ALSO OPEN AND MAINTAINED YEAR ROUND FOR USE BY 4-H AND OTHER COMMUNITY GROUPS.
A HIGHLIGHT OF THE FAIR IS THE ANNUAL FAIR AUCTION. IN 2022, 94 YOUTH SHOWED AND SOLD 84 ANIMALS. THIS IS THE FIRST AUCTION FOR MANY OF THE YOUNG EXHIBITORS. THEY RECIEVE POSITIVE FEEDBACK AND COLLECTED $74221 DIRECTLY FROM THE SALE FOR THEIR HARD WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Reed Spencer President | OfficerTrustee | 4 | $0 |
Jenny Howe Vice President | OfficerTrustee | 2 | $0 |
Brenda Meseke Treasurer | OfficerTrustee | 3 | $0 |
Linda Willey Secretary | OfficerTrustee | 2 | $0 |
Dean Imthurn Executive Member | Trustee | 1 | $0 |
Mike Mikos Executive Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,472 |
| Related organizations | $0 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,222 |
| Total Program Service Revenue | $92,565 |
| Investment income | $178 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,323 |
| 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 | $162,288 |
| 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 | $265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23 |
| Office expenses | $3,690 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,245 |
| Travel | $380 |
| 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 | $12,414 |
| All other expenses | $8,079 |
| Total functional expenses | $181,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,938 |
| Savings and temporary cash investments | $0 |
| 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 | $219,579 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $256,517 |
| 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 | $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 | $219,579 |
| Retained earnings, endowment, accumulated income, or other funds | $36,938 |
| Total liabilities and net assets/fund balances | $256,517 |