Winnebago County Fair Association Inc
- Assets
- $1.3m
- Revenue
- $808.7k
- Investments
- $0.0
- Employees
- 38
- Location
- Pecatonica, IL
- Founding
- 07/1954
- Data as of
- 12/2021
- EIN
- 36-6110466
Organization Overview
Winnebago County Fair Association Inc is located in Pecatonica, IL. The organization was established in 1954. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Winnebago County Fair Association Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winnebago County Fair Association 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, Winnebago County Fair Association Inc generated $808.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $746.4k 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 PROVIDE A WELL-MAINTAINED FACILITY FOR THE COMMUNITY DURING THE FAIR AND THROUGHOUT THE YEAR
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL COUNTY FAIR - APPROXIMATELY 85,000 IN ATTENDANCE IN 2023. PEC THING - FLEA MARKET / ANTIQUE SHOW - 2 DAYS IN MAY AND 2 DAYS IN SEPTEMBER - APPROXIMATELY 10,500 IN ATTENDANCE IN 2023 DURING EACH PEC THING WEEKEND EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Bean President | OfficerTrustee | 15 | $5,000 |
Steve Vanvleck Vice Preside | OfficerTrustee | 15 | $1,000 |
Paul Shippy Treasurer | OfficerTrustee | 15 | $4,000 |
Kyah Bean Secretary | OfficerTrustee | 15 | $1,500 |
Brian Anderson Board Member | Trustee | 1 | $0 |
Ryan Anderson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,053 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $158,011 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,910 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $808,747 |
| Statement of Expenses | |
|---|---|
| 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. | $11,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,476 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,770 |
| 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 | $12,713 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,315 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,174 |
| Interest | $22,845 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,214 |
| Insurance | $35,329 |
| All other expenses | $0 |
| Total functional expenses | $746,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,886 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,319,851 |
| Accounts payable and accrued expenses | $1,488 |
| 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 | $467,661 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,050 |
| Total liabilities | $476,199 |
| Net assets without donor restrictions | $843,652 |
| 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 |
| Total liabilities and net assets/fund balances | $843,652 |