Stearns County Fair Association
- Assets
- $162.0k
- Revenue
- $75.8k
- Investments
- $0.0
- Employees
- 44
- Location
- Sauk Centre, MN
- Founding
- 08/2002
- Data as of
- 10/2020
- EIN
- 41-1803919
Organization Overview
Stearns County Fair Association is located in Sauk Centre, MN. The organization was established in 2002. 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, Stearns County Fair Association employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stearns 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 10/2020, Stearns County Fair Association generated $75.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $41.7k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (24.6%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE PUBLIC ON AGRICULTURAL MATTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE STEARNS COUNTY FAIR IS TO PROMOTE AGRICULTURE, AGRICULTURAL EDUCATION, AND AGRICULTURAL SCIENCE. THE FAIR IS A PLACE THAT GIVES ALL MEMBERS OF STEARNS COUNTY A CHANCE TO SHARE THEIR UNIQUE HABITS AND TALENTS AND PROVIDE AN EXPRESSION OF OUR COUNTYS PERSONALITY. THE STEARNS COUNTY FAIR IS ALSO A NOSTALGIC EVENT, BRINING BACK MEMORIES FOR THE PAST AND INTRODUCING THE YOUNGER GENERATION TO A GREAT TRADITION. FAMILIES COME TO VIEW THE VERY BEST IN AGRICULTURAL PRODUCTS AND LIVESTOCK, AND TO EXPERIENCE PROGRAMS AND EVENTS THAT THEY WILL NOT EXPERIENCE ANYWHERE EXCEPT AT THE FAIR. THE STEARNS COUNTY FAIR ALSO GIVES COMMUNITY MEMBERS AND AGRICULTURAL GROUPS, LIKE 4-H, THE CHANCE TO ENTER THEIR LIVESTOCK AND OTHER FARM AND DOMESTIC PRODUCTS TEACHING A NEW GENERATION ABOUT THE VALUES OF FARMING AND QUALITY AGRICULTURAL WORK. PREMIUMS ARE AWARDED IN A VARIETY OF AGRICULTURAL AND DOMESTIC CATEGORIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaculin Spoden-Bolz Secretary | OfficerTrustee | 2 | $0 |
Jodie Deschene Treasurer | OfficerTrustee | 3 | $0 |
Shannon Olson Vice President | OfficerTrustee | 2 | $0 |
Vern Frericks President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,370 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,060 |
| 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 | $75,819 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,880 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $298 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,088 |
| Office expenses | $311 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,346 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,168 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,720 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $41,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,568 |
| Savings and temporary cash investments | $1,531 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $162,003 |
| 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 | $35,811 |
| Other liabilities | $0 |
| Total liabilities | $35,811 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $126,192 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fair And Exposition Society Of Jones County Inc Monticello, IA | $5,659,527 | $5,307,608 |
Minnesota Fair Plan Bloomington, MN | $3,079,043 | $3,023,700 |
Sioux Empire Fair Association Sioux Falls, SD | $1,938,315 | $2,671,698 |
Minnesota Propane Association Zimmerman, MN | $1,583,838 | $1,664,231 |
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 |
Walworth County Agricultural Society Elkhorn, WI | $2,948,383 | $904,049 |
Shawano Area Agricultural Society Inc Shawano, WI | $1,017,818 | $1,408,309 |
Delaware County Fair Society Inc Manchester, IA | $1,772,483 | $1,454,892 |
Waukesha County Fair Association Pewaukee, WI | $206,994 | $1,201,405 |
Wisconsin Petroleum Marketers & Convenience Store Assoc Inc Madison, WI | $990,157 | $1,279,853 |