Civic Intelligence

Madison County Fairgrounds Inc

990EZ • Fiscal year 2019 • EIN 04-3810067

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 12, 2020

PO Box 626Marshall, NC 28753

(828) 649-3367

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

0.87x

Higher debt load relative to assets than 96% of similar nonprofits.

2019 filings • NTEE N • <$500k nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

1.68x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • NTEE N • <$500k nonprofits • Source year 2019

Net Margin

86th percentile

25%

Higher net margin than 86% of similar nonprofits.

2019 filings • NTEE N • <$500k nonprofits • Source year 2019

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • NTEE N • <$500k nonprofits • Source year 2019

Asset Growth

66th percentile

15%

Faster asset growth than 66% of similar nonprofits.

2019 filings • NTEE N • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

15th percentile

-22%

Faster revenue growth than 15% of similar nonprofits.

2019 filings • NTEE N • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$81,951

Up $10,493 (+15%) from 2018

Net Assets

$10,874

No earlier filing loaded for comparison.

Liabilities

Up

$71,077

Up $1 (+0.0%) from 2018

Revenue

Down

$42,354

Down $12,118 (-22%) from 2018

Expenses

Down

$31,864

Down $35,682 (-53%) from 2018

Net Income

Up

$10,490

Up $23,564 (+180%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2011: $45,529Liabilities 2011: $33,1342011Assets 2012: $47,790Liabilities 2012: $02012Assets 2013: $36,946Liabilities 2013: $34,3342013Assets 2014: $33,862Liabilities 2014: $34,3342014Assets 2015: $33,362Liabilities 2015: $4,3342015Assets 2016: $60,187Liabilities 2016: $59,8052016Assets 2017: $73,350Liabilities 2017: $60,5562017Assets 2018: $71,458Liabilities 2018: $71,0762018Assets 2019: $81,951Liabilities 2019: $71,077Net Assets 2019: $10,8742019Assets 2020: $90,687Liabilities 2020: $71,077Net Assets 2020: $19,6102020Assets 2021: $98,979Liabilities 2021: $71,078Net Assets 2021: $27,9012021Assets 2022: $122,963Liabilities 2022: $71,078Net Assets 2022: $51,8852022

Highlighted filing

2019

Assets$81,951
Liabilities$71,077
Net Assets$10,874

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2011: $29,106Expenses 2011: $31,039Net Income 2011: -$1,9332011Revenue 2012: $30,713Expenses 2012: $28,450Net Income 2012: $2,2632012Revenue 2013: $26,785Expenses 2013: $38,829Net Income 2013: -$12,0442013Revenue 2014: $21,635Expenses 2014: $24,179Net Income 2014: -$2,5442014Revenue 2015: $39,030Expenses 2015: $39,530Net Income 2015: -$5002015Revenue 2016: $70,007Expenses 2016: $68,653Net Income 2016: $1,3542016Revenue 2017: $64,641Expenses 2017: $51,847Net Income 2017: $12,7942017Revenue 2018: $54,472Expenses 2018: $67,546Net Income 2018: -$13,0742018Revenue 2019: $42,354Expenses 2019: $31,864Net Income 2019: $10,4902019Revenue 2020: $2,023Expenses 2020: $8,287Net Income 2020: -$6,2642020Revenue 2021: $21,706Expenses 2021: $13,415Net Income 2021: $8,2912021Revenue 2022: $62,921Expenses 2022: $38,937Net Income 2022: $23,9842022

Highlighted filing

2019

Revenue$42,354
Expenses$31,864
Net Income$10,490
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 12, 2020
Return Version
2019v5.1
Gross Receipts
$42,354
Mission and Program Overview

Mission

Recreation educational & economic

Program Services

DescriptionGrantsExpenses
MADISON COUNTY FAIR, RODEO ACTIVITIES, FACILITY AND PLACE FOR THE COMMUNITY TO COME TOGETHER, CONCESSIONS ARE ALSO AVALABLE, TIMER, SOUND SYSTEM & A SCOREBOARD ARE USED FOR COMPE-$31,863
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cory GriffinChairmanPT$0--
Paula JenkinsVice ChairmanPT$0--
Dr Meg PressleySecretaryPT$0--
Lisa WyattTreasurerPT$0--
Herbert BucknerDirectorPT$0--
Jackie BallDirectorPT$0--
Lynn LackeyDirectorPT$0--
Jimmy HuffmanDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Madison County Fairgrounds Inc
EIN
04-3810067
Address
PO Box 626, Marshall, NC 28753

Signing Officer

Name
Lisa Wyatt
Title
Treasurer
Phone
8286493367
Signed
2020-09-12
Discuss with paid preparer
No

Preparer

Firm
Chrissey Michelle Thomas
Address
285 Allison Farm Road, Marshall, NC 28753
Preparer
Michelle Thomas
Phone
8285457086
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

Description AmountAdvertising 675Bank Charges 82Fair Expenses 13,836Fireworks 3,400Holiday Meal for Board Members 348Insurance 1,690Membership Dues 140Office Supplies 42Small Tools and Equipment 139Supplies 723Website Expense 663Worker Meals 181

Description of other assets Part II line 24

Category Beginning of Year End of YearEquipment 28,067 28,067

Description of total liabilities Part II line 26

Category Beginning of Year End of YearCAPITAL SURPLUS AND PROGRAM SE 71,076 71,076ROUNDING 0 1

Raw XML Appendix173 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Marshall
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Cory Griffin
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Lynn Lackey
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7Jimmy Huffman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
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IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/PrintingPublicationsPostageAmt0531
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt031863
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt031864
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt042353
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt042353
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountAdvertising 675Bank Charges 82Fair Expenses 13,836Fireworks 3,400Holiday Meal for Board Members 348Insurance 1,690Membership Dues 140Office Supplies 42Small Tools and Equipment 139Supplies 723Website Expense 663Worker Meals 181
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Category Beginning of Year End of YearEquipment 28,067 28,067
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Category Beginning of Year End of YearCAPITAL SURPLUS AND PROGRAM SE 71,076 71,076ROUNDING 0 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Lisa Wyatt
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08286493367
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Madison County Fairgrounds Inc
ReturnHeader/Filer/BusinessNameControlTxt0MADI
ReturnHeader/Filer/EIN0043810067
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 626
ReturnHeader/Filer/USAddress/CityNm0Marshall
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028753
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId069A1C7DB478AE695135A4D20286AE1FB9AE531B9
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId05620142020259wle5k2w
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-09-15
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.218.213.113
ReturnHeader/FilingSecurityInformation/IPDt02020-09-15
ReturnHeader/FilingSecurityInformation/IPTm007:41:48
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Chrissey Michelle Thomas
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0285 Allison Farm Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Marshall
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028753
ReturnHeader/PreparerPersonGrp/PhoneNum08285457086
ReturnHeader/PreparerPersonGrp/PreparationDt02020-09-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michelle Thomas
ReturnHeader/ReturnTs02020-09-15T07:40:48-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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Filings