Lake County Fair Association
- Assets
- $27.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Grayslake, IL
- Founding
- 03/1975
- Data as of
- 10/2021
- EIN
- 36-6089769
Organization Overview
Lake County Fair Association is located in Grayslake, IL. The organization was established in 1975. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2021, Lake County Fair Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake County Fair Association 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 10/2021, Lake County Fair Association generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.5m during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 6 years. 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
THE LAKE COUNTY FAIR ASSOCIATION SHALL BE FOR THE PRESERVATION OF THE PAST, PROMOTION OF THE FUTURE, AND EDUCATION ON THE FUTURE OF AGRICULTURE AND HORTICULTURE, MECHANICAL ARTS, AND THE RURAL AND DOMESTIC ECONOMIES OF THE LAKE COUNTY COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LAKE COUNTY FAIR ASSOCIATION SHALL BE FOR THE PRESERVATION OF THE PAST, PROMOTION OF THE FUTURE, AND EDUCATION ON THE FUTURE OF AGRICULTURE, HORTICULTURE, MECHANICAL ARTS, AND THE RURAL AND DOMESTIC ECONOMIES OF THE LAKE COUNTY COMMUNITY.
THE LAKE COUNTY FAIR ASSOCIATION SHALL BE FOR THE PRESERVATION OF THE PAST, PROMOTION OF THE FUTURE, AND EDUCATION ON THE FUTURE OF AGRICULTURE, HORTICULTURE, MECHANICAL ARTS, AND THE RURAL AND DOMESTIC ECONOMIES OF THE LAKE COUNTY COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelli Kepler-Yarc President | OfficerTrustee | 2 | $0 |
Kathy Miller Director | Trustee | 2 | $0 |
Scott Uglinica Director | Trustee | 1 | $0 |
Leroy Weinbrenner Director | Trustee | 1 | $0 |
Amanda Knopp Treasurer | Trustee | 2 | $0 |
Rich Gelden Vice-President | Trustee | 2 | $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 | $84,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,000 |
| Total Program Service Revenue | $331,002 |
| Investment income | $665 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $676,095 |
| 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 | $1,095,277 |
| 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 | $213,088 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,180 |
| Payroll taxes | $21,160 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $879 |
| 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 | $30,840 |
| Advertising and promotion | $4,035 |
| Office expenses | $14,610 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $46 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $239,341 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $421,798 |
| Insurance | $29,510 |
| All other expenses | $359,520 |
| Total functional expenses | $1,464,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $487,773 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,648 |
| 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 | $5,830 |
| Net Land, buildings, and equipment | $27,232,094 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,796,345 |
| Accounts payable and accrued expenses | $260,640 |
| Grants payable | $0 |
| Deferred revenue | $82,174 |
| 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 | $4,559,048 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $124,591 |
| Total liabilities | $5,026,453 |
| Net assets without donor restrictions | $22,769,892 |
| 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 | $27,796,345 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake County Fair Association has recieved totaling $41.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $41 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa State Fair Foundation Des Moines, IA | $11,002,682 | $8,403,117 |
American Royal Association Kansas City, MO | $28,283,023 | $7,000,256 |
500 Festival Inc Indianapolis, IN | $6,763,861 | $5,772,745 |
Kentucky Derby Festival Inc Louisville, KY | $6,625,289 | $3,844,478 |
Fair And Exposition Society Of Jones County Inc Monticello, IA | $5,659,527 | $5,307,608 |
Kane County Fair St Charles, IL | $21,061,651 | $1,916,331 |
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 |
Lake County Fair Association Grayslake, IL | $27,796,345 | $1,095,277 |
Walworth County Agricultural Society Elkhorn, WI | $2,948,383 | $904,049 |
Shawano Area Agricultural Society Inc Shawano, WI | $1,017,818 | $1,408,309 |