Central States Fair
- Assets
- $6.4m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 167
- Location
- Rapid City, SD
- Founding
- 02/1958
- Data as of
- 09/2022
- EIN
- 46-0238981
Organization Overview
Central States Fair is located in Rapid City, SD. The organization was established in 1958. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 09/2022, Central States Fair employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central States Fair is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 09/2022, Central States Fair generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $4.2m during the year ending 09/2022. While expenses have increased by 3.9% 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
WE SHOWCASE AGRICULTURE, TOURISM, AND OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRAL STATE FAIR - AGRICULTURAL LIVESTOCK EXPOSITION, FAIR AND CARNIVAL
BLACK HILLS STOCK SHOW - LIVESTOCK EXPOSITION
EVENTS CENTER - COMMUNITY ACTIVITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Jeffries General Mana | Officer | 50 | $102,801 |
Tyler Trevillyan President | OfficerTrustee | 1 | $0 |
Kayce Gerlach Treasurer | OfficerTrustee | 1 | $0 |
Jerry Cope Vice Preside | OfficerTrustee | 1 | $0 |
Tanner Schilder Secretary | OfficerTrustee | 1 | $0 |
Dean Johnson Past Preside | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert Sharp & Associates Robert Sharp & Associates Advertising | 9/29/22 | $156,676 |
Prca Prca Entertainment | 9/29/22 | $156,315 |
Conrads Electric Conrads Electric Repairs | 9/29/22 | $101,607 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,295 |
| Fundraising events | $0 |
| Related organizations | $42,000 |
| Government grants | $586,418 |
| All other contributions, gifts, grants, and similar amounts not included above | $659,333 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,291,046 |
| Total Program Service Revenue | $1,681,384 |
| Investment income | $3,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $806,999 |
| Net Gain/Loss on Asset Sales | -$66,874 |
| Net Income from Fundraising Events | -$3,149 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $645,733 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,358,357 |
| 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. | $114,795 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $819,631 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,617 |
| Payroll taxes | $76,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $783,171 |
| Advertising and promotion | $118,817 |
| Office expenses | $151,652 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $743,020 |
| Travel | $87,159 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,036 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $242,897 |
| Insurance | $59,118 |
| All other expenses | $951,413 |
| Total functional expenses | $4,236,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,361 |
| Savings and temporary cash investments | $473,053 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $663,057 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,188 |
| Prepaid expenses and deferred charges | $29,837 |
| Net Land, buildings, and equipment | $5,094,245 |
| Investments—publicly traded securities | $20,274 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,354,015 |
| Accounts payable and accrued expenses | $146,836 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| 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 | $156,836 |
| 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 | $6,197,179 |
| Total liabilities and net assets/fund balances | $6,354,015 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Central States Fair has recieved totaling $22,000.
| Awarding Organization | Amount |
|---|---|
Visit Rapid City Rapid City, SD PURPOSE: SPONSORSHIP OF RODEO EVENTS HELD AT CENTRAL STATES FAIR GROUNDS | $11,000 |
Visit Rapid City Rapid City, SD PURPOSE: SPONSORSHIP OF RODEO EVENTS HELD AT CENTRAL STATES FAIR GROUNDS | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Montana Higher Education Student Assistance Corporation Helena, MT | $454,297,151 | $15,047,614 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Team Makers Club Inc Fargo, ND | $24,927,572 | $16,460,437 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |
Papillion Lavista Schools Foundation Papillion, NE | $9,484,528 | $7,053,869 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Peo Sisterhood International Chapter Des Moines, IA | $85,884,604 | $5,248,161 |