The Johnson County Agricultural Association is located in Iowa City, IA. The organization was established in 1996. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Johnson County Agricultural Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Johnson County Agricultural 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 09/2021, Johnson County Agricultural Association generated $461.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $354.6k during the year ending 09/2021. While expenses have increased by 2.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HOLD FAIRS AND EXHIBITS FOR DISPLAY OF LIVESTOCK, MERCHANDISE, FRUIT, VEGETABLES, DAIRY PRODUCTS, HANDICRAFT PRODUCTS, ART, AND MACHINERY. OF PRIME IMPORTANCE ARE THE DISPLAYS OF MEMBERS OF JOHNSON COUNTY 4-H AND FFA CLUBS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND PROMOTION OF THE JOHNSON COUNTY FAIR AND GROUNDS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lyle Crow Vice President | OfficerTrustee | 1 | $0 |
Breanne Watt Secretary | OfficerTrustee | 1 | $0 |
John Isaacs President | OfficerTrustee | 1 | $0 |
Angie Conard Treasurer | OfficerTrustee | 1 | $0 |
Brad Fisher Trustee | Trustee | 1 | $0 |
Tyler Rogers Trustee | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $178,903 |
All other contributions, gifts, grants, and similar amounts not included above | $64,870 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $243,773 |
Total Program Service Revenue | $41,846 |
Investment income | $128 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $86,436 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $14,992 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $461,768 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $200 |
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 | $56,101 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,196 |
Fees for services: Accounting | $2,084 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $79 |
Office expenses | $513 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $35,958 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $14,443 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $56,673 |
Insurance | $22,772 |
All other expenses | $48,603 |
Total functional expenses | $354,640 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $118,780 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $14,794 |
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 | $1,106,787 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $19,636 |
Total assets | $1,259,997 |
Accounts payable and accrued expenses | $17,879 |
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 | $249,837 |
Total liabilities | $267,716 |
Net assets without donor restrictions | $992,281 |
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 | $1,259,997 |
Over the last fiscal year, we have identified 1 grants that The Johnson County Agricultural Association has recieved totaling $500.
Awarding Organization | Amount |
---|---|
Rpc Inc Charitable Foundation Iowa City, IA PURPOSE: FOR UNRESTRICTED USE BY RECIPIENT | $500 |
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 |