Washington County Fair Association
- Assets
- $1.5m
- Revenue
- $310.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, IA
- Founding
- 04/1976
- Data as of
- 09/2022
- EIN
- 42-0895998
Organization Overview
Washington County Fair Association is located in Washington, IA. The organization was established in 1976. 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. Washington 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 09/2022, Washington County Fair Association generated $310.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $369.4k during the year ending 09/2022. While expenses have increased by 6.4% per year over the past 7 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 SERVE AS A SHOWCASE OF THE TALENTS OF THE YOUTH OF THE COMMUNITY BY PROVIDING A MEANS OF EDUCATION, EXHIBIT AND COMPETITION OF THE VARIOUS LIVESTOCK AND NON-LIVESTOCK PROJECTS THE YOUTH ARE INVOLVED IN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FACILITIES FOR THE EXHIBIT OF 4-H AND FFA CLUB PROJECTS AND ASSIST WITH ALL DETAILS FOR THE COUNTY FAIR OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Dallmeyer President | Officer | 5 | $0 |
Tina Montz Secretary | Officer | 5 | $0 |
Nick Shelman Vice Preside | Officer | 5 | $0 |
Jared Waters Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,113 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,048 |
| Total Program Service Revenue | $208,349 |
| Investment income | $234 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,470 |
| Net Gain/Loss on Asset Sales | $7,467 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $310,687 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| Grants and other assistance to domestic individuals. | $1,000 |
| 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 | $1,524 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,152 |
| Office expenses | $2,074 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,968 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,441 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $111,026 |
| Insurance | $16,038 |
| All other expenses | $39,703 |
| Total functional expenses | $369,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,692 |
| Savings and temporary cash investments | $27,706 |
| 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 | $1,154,893 |
| Investments—publicly traded securities | $2,666 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,518,957 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $5,195 |
| 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 | $5,195 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,513,762 |
| Total liabilities and net assets/fund balances | $1,518,957 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Washington County Fair Association has recieved totaling $226,500.
| Awarding Organization | Amount |
|---|---|
Washington County Riverboat Foundation Washington, IA PURPOSE: CATTLE BARN CONSTRUCTION | $75,000 |
Washington County Riverboat Foundation Washington, IA PURPOSE: CATTLE BARN CONSTRUCTION | $75,000 |
Washington County Riverboat Foundation Washington, IA PURPOSE: CATTLE BARN CONSTRUCTION | $75,000 |
Ronald E And Eleanor J Hall Foundation Tulsa, OK PURPOSE: UNRESTRICTED USE BY CHARITABLE ENTITY | $1,500 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa West Foundation Council Bluffs, IA | $531,828,155 | $56,969,163 |
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 |
Lancaster County Agricultural Society Inc Lincoln, NE | $20,865,052 | $2,982,282 |
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 |
Kane County Fair St Charles, IL | $21,061,651 | $1,916,331 |
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 |