North Idaho Fair And Rodeo Foundation Inc
- Assets
- $510.4k
- Revenue
- $250.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Hayden, ID
- Founding
- 06/2005
- Data as of
- 12/2022
- EIN
- 83-0391799
Organization Overview
North Idaho Fair And Rodeo Foundation Inc is located in Hayden, ID. The organization was established in 2005. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Idaho Fair And Rodeo Foundation 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 12/2022, North Idaho Fair And Rodeo Foundation Inc generated $250.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $151.2k during the year ending 12/2022. While expenses have increased by 7.9% 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
THE NORTH IDAHO FAIR & RODEO FOUNDATION'S MISSION IS TO RAISE FUNDS THROUGH VARIOUS FUND-RAISING AND ENDOWMENT ACTIVITIES FOR CAPITAL IMPROVEMENTS AT THE KOOTENAI COUNTY FAIRGROUNDS AND FOR EDUCATIONAL OPPORTUNITIES FOR AREA YOUTH. THE NORTH IDAHO FAIR & RODEO FOUNDATION ENABLES INDIVIDUALS, BUSINESSES, FAMILIES AND FRIENDS OF THE FAIR TO PLAY A VITAL ROLE IN THE FUTURE OF THE NORTH IDAHO FAIR & RODEO AND THE KOOTENAI COUNTY FAIRGROUNDS BY SUPPORTING PROGRAMS AND FACILITIES THROUGH GIFTS LIKE DONATIONS, ANNUAL PLEDGES, OR ESTATE PLANNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO THE NORTH IDAHO STATE FAIR THROUGH VARIOUS CAPITAL PROJECTS.
OTHER ASSISTANCE TO COMMUNITY PROJECTS AND ORGANIZATIONS PER THE FAIR FOUNDATION'S ORIGINAL ORGANIZATIONAL DOCUMENT OF 2004, INCLUDING KOOTENAI HEALTH FOUNDATION, INC. AND LOCAL 4-H ORGANIZATIONS.
SUPPORTED EIGHT LOCAL STUDENTS TO PURSUE ADDITIONAL EDUCATION AT AN ACCREDITED 2 OR 4 YEAR INSTITUTION OR TRADE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Bobbitt Jr Director | Trustee | 1 | $0 |
Rachel Peters Treasurer | Trustee | 1 | $0 |
Mary Luann Larson Director | OfficerTrustee | 3 | $0 |
Kim Weatherford Vice President | Trustee | 1 | $0 |
Shawna Daniels Director | Trustee | 1 | $0 |
Serena Caples Director | Trustee | 1 | $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 | $24,245 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,245 |
| Total Program Service Revenue | $0 |
| Investment income | -$19,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $245,150 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $250,090 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $133,874 |
| Grants and other assistance to domestic individuals. | $5,500 |
| 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 | $2,944 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,796 |
| Advertising and promotion | $1,195 |
| Office expenses | $2,238 |
| Information technology | $300 |
| 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 | $151,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,390 |
| Savings and temporary cash investments | $131,849 |
| 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 | $172,194 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $510,433 |
| 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 | $333,239 |
| Net assets with donor restrictions | $177,194 |
| 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 | $510,433 |
Grants Awarded
Over the last fiscal year, North Idaho Fair And Rodeo Foundation Inc has awarded $133,874 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KOOTENAI HEALTH FOUNDATION | | | $41,406 |
NORTH IDAHO STATE FAIR | | | $92,468 |