Civic Intelligence

Central States Fair Foundation

EIN 20-2523171 • 501(c)3 • Rapid City, SD

Profile

Agricultural sponsorship/funding

800 San Francisco StreetRapid City, SD 57701

www.centralstatesfair.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

94th percentile

69%

Higher net margin than 94% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

77th percentile

21%

Faster asset growth than 77% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

29th percentile

-5.2%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$601,638

Up $104,598 (+21%) from 2023

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

Up

$601,638

Up $104,598 (+21%) from 2023

Revenue

Down

$88,029

Down $4,849 (-5.2%) from 2023

Expenses

Up

$27,346

Up $7,576 (+38%) from 2023

Net Income

Down

$60,683

Down $12,425 (-17%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2011: $103,559Liabilities 2011: $14,291Net Assets 2011: $89,2682011Assets 2012: $96,868Liabilities 2012: $3,500Net Assets 2012: $93,3682012Assets 2013: $109,486Liabilities 2013: $3,500Net Assets 2013: $105,9862013Assets 2014: $175,348Liabilities 2014: $52,500Net Assets 2014: $122,8482014Assets 2015: $136,939Liabilities 2015: $8,500Net Assets 2015: $128,4392015Assets 2016: $180,772Liabilities 2016: $7,500Net Assets 2016: $173,2722016Assets 2017: $189,109Liabilities 2017: $7,501Net Assets 2017: $181,6082017Assets 2018: $212,820Liabilities 2018: $5,500Net Assets 2018: $207,3202018Assets 2019: $273,433Liabilities 2019: $4,500Net Assets 2019: $268,9332019Assets 2020: $318,289Liabilities 2020: $5,700Net Assets 2020: $312,5892020Assets 2021: $384,892Liabilities 2021: $3,500Net Assets 2021: $381,3922021Assets 2022: $402,380Net Assets 2022: $402,3802022Assets 2023: $497,040Net Assets 2023: $497,0402023Assets 2024: $601,638Liabilities 2024: $0Net Assets 2024: $601,6382024

Highlighted filing

2024

Assets$601,638
Liabilities$0
Net Assets$601,638

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0Revenue 2011: $37,126Expenses 2011: $10,645Net Income 2011: $26,4812011Revenue 2012: $25,195Expenses 2012: $19,246Net Income 2012: $5,9492012Revenue 2013: $37,300Expenses 2013: $24,682Net Income 2013: $12,6182013Revenue 2014: $32,419Expenses 2014: $15,557Net Income 2014: $16,8622014Revenue 2015: $39,884Expenses 2015: $34,293Net Income 2015: $5,5912015Revenue 2016: $50,383Expenses 2016: $5,550Net Income 2016: $44,8332016Revenue 2017: $45,117Expenses 2017: $36,781Net Income 2017: $8,3362017Revenue 2018: $51,565Expenses 2018: $25,853Net Income 2018: $25,7122018Revenue 2019: $68,316Expenses 2019: $6,703Net Income 2019: $61,6132019Revenue 2020: $82,261Expenses 2020: $38,605Net Income 2020: $43,6562020Revenue 2021: $85,263Expenses 2021: $16,460Net Income 2021: $68,8032021Revenue 2022: $84,628Expenses 2022: $42,000Net Income 2022: $42,6282022Revenue 2023: $92,878Expenses 2023: $19,770Net Income 2023: $73,1082023Revenue 2024: $88,029Expenses 2024: $27,346Net Income 2024: $60,6832024

Highlighted filing

2024

Revenue$88,029
Expenses$27,346
Net Income$60,683

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.02$0.00$6.02$0.88$0.27$0.61
2023Detailed filing. Detailed filing data is available for this year.$4.97$4.97$0.93$0.20$0.73
2022Detailed filing. Detailed filing data is available for this year.$4.02$4.02$0.85$0.42$0.43
2021Detailed filing. Detailed filing data is available for this year.$3.85$0.04$3.81$0.85$0.16$0.69
2020Detailed filing. Detailed filing data is available for this year.$3.18$0.06$3.13$0.82$0.39$0.44
2019Detailed filing. Detailed filing data is available for this year.$2.73$0.05$2.69$0.68$0.07$0.62
2018Detailed filing. Detailed filing data is available for this year.$2.13$0.06$2.07$0.52$0.26$0.26
2017Detailed filing. Detailed filing data is available for this year.$1.89$0.08$1.82$0.45$0.37$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.81$0.08$1.73$0.50$0.06$0.45
2015Detailed filing. Detailed filing data is available for this year.$1.37$0.09$1.28$0.40$0.34$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.75$0.53$1.23$0.32$0.16$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.04$1.06$0.37$0.25$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.04$0.93$0.25$0.19$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.14$0.89$0.37$0.11$0.26
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jun 23, 2025
Return Version
2023v6.0
Gross Receipts
$92,988
Mission and Program Overview

Mission

Agricultural sponsorship/funding

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$497,040$601,638▲ $104,598
Savings and Temporary Cash Investments$103,819$208,516▲ $104,697
Cash and Non-Interest-Bearing Accounts$197,939$153,925▼ $44,014
Total Assets$497,040$601,638▲ $104,598
Other Assets Total$195,282$239,197▲ $43,915
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$497,040$601,638▲ $104,598
Total Liabilities and Net Assets / Fund Balance$497,040$601,638▲ $104,598

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$239,197--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$195,282-▲ $43,915-$239,197
2022$124,980$48,750▲ $21,552-$195,282
2021$130,120$20,000▼ $25,140-$124,980
2020$108,522-▲ $21,598-$130,120
2019$100,204-▲ $8,318-$108,522
Compensation and Service Providers

Employees

NameTitleOtherTotal
Ron JeffriesMember$118,260$118,260

Board Members and Trustees

NameTitle
Haven StuckPresident
Darla CrownMember
Dave LindblomMember
David OlsenMember
Jim HuntMember
Roger PorchMember
Kayce GerlachSecretary/tr
Mutch UseraVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$40,193
Program Service Revenue
$0
Investment Income
$4,696
Other Revenue
$43,140
All Other Contributions
$40,193
Change in Net Assets
$60,683

Audited Revenue Reconciliation

Revenue per Audited Statements
$88,029
Revenue Not Reported on Form 990
$48,873
Total Revenue per Audited Statements
$136,902
Total Revenue per Form 990
$88,029
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$25,773
Other Expenses$1,573
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$25,273--$25,273
Fees for Services Accounting-$1,573-$1,573
Grants to Domestic Individuals$500--$500
Total Functional Expenses$25,773$1,573$0$27,346

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$32,305
Expenses per Audited Statements$27,346
Total Expenses per Form 990$27,346
Expenses Not Reported on Form 990$4,959
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Central States FairRapid City, SD5General Funding$25,273
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$42,415
Fundraising Direct Expenses$4,959
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ranch Rodeo/cal$30,840$30,840-$30,840
Bhss Art Auctio$11,575$11,575$4,959$6,616
Total Events$42,415$42,415$4,959$37,456
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 is prepared by our cpa and provided to the general manager and board for review before filing.

Form 990, Page 6, Part VI, Line 12C

A conflict of interest document is signed each year by all board members. Potential conflicts of interest are reviewed by the board at each meeting.

Form 990, Page 6, Part VI, Line 15A

NO PAID EMPLOYEES.

Form 990, Page 6, Part VI, Line 15B

NO PAID EMPLOYEES.

Form 990, Page 6, Part VI, Line 19

The organization does consider making the information available on case by case basis.

Filing and Contact Details

Filer

Filer Name
Central States Fair Foundation
EIN
20-2523171
Phone
6053553861
Address
800 SAN FRANCISCO STREET, RAPID CITY, SD 57701

Signing Officer

Name
Ron Jeffries
Title
Member
Phone
6053553861
Signed
2025-06-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ron Jeffries
Formed
2005
Legal Domicile
Sd
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Ketel Thorstenson Llp
Address
PO BOX 3140, RAPID CITY, SD 57709-3140
Preparer
Traci Hanson CPA
Phone
6053425630
Supplemental Narrative

Additional Explanations

Form 990

The foundation works closely with central states fair, inc., a separate tax exempt 501.c.5 nonprofit organization to carry out its exempt purpose. Central states fair, inc.'s board of directors elects the foundation's directors, who in turn elect their own officers. From time to time the central states fair inc. And the foundation share the same persons as board members (never majority control). According to our bylaws, central states fair, inc. Has the power to control the foundation's board of directors (appoint or remove).

Form 990, Part XI, Line 9

ROUNDING 1

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Central states fair contributed board designated assets to the black hills area community foundation (bhacf) to establish, on the books of bhacf, an endowment fund in the name of central states fair foundation, with earnings available for general operations. These funds are invested and distributed in accordance with the investment and spending policies of bhacf. The organization annually elects whether to receive earnings available for distribution based on current operational needs. The organization has named itself the beneficiary of this fund.

Schedule D, Page 3, Part X

At september 30, 2024, the foundation believes that no significant uncertain tax positions or liabilities exist.

Schedule D, Page 4, Part XI, Line 2D

Fundraising expenses 4,959

Schedule D, Page 4, Part XII, Line 2D

Fundraising expenses 4,959

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION VERIFIED THE SUPPORTED ORGANIZATION IS A 501 C 5 NONPROFIT ORGANIZATION AND GETS PUBLIC SUPPORT FROM PENNINGTON COUNTY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1VERIFIED SUPPORT TO THE ORGANIZATION WAS USED FOR THE BETTERMENT OF THE FACILITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 3B
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION A, LINE 3C
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ENDOWMENT FUND - RESTRICTED
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CENTRAL STATES FAIR CONTRIBUTED BOARD DESIGNATED ASSETS TO THE BLACK HILLS AREA COMMUNITY FOUNDATION (BHACF) TO ESTABLISH, ON THE BOOKS OF BHACF, AN ENDOWMENT FUND IN THE NAME OF CENTRAL STATES FAIR FOUNDATION, WITH EARNINGS AVAILABLE FOR GENERAL OPERATIONS. THESE FUNDS ARE INVESTED AND DISTRIBUTED IN ACCORDANCE WITH THE INVESTMENT AND SPENDING POLICIES OF BHACF. THE ORGANIZATION ANNUALLY ELECTS WHETHER TO RECEIVE EARNINGS AVAILABLE FOR DISTRIBUTION BASED ON CURRENT OPERATIONAL NEEDS. THE ORGANIZATION HAS NAMED ITSELF THE BENEFICIARY OF THIS FUND.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1AT SEPTEMBER 30, 2024, THE FOUNDATION BELIEVES THAT NO SIGNIFICANT UNCERTAIN TAX POSITIONS OR LIABILITIES EXIST.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES 4,959
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EXPENSES 4,959
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL FUNDING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CENTRAL STATES FAIR
IRS990ScheduleI/RecipientTable/RecipientEIN0460238981
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0800 SAN FRANCISCO ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0800 SAN FRANCISCO ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0RAPID CITY
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE CENTRAL STATES FAIR, A RELATED ORGANIZATION. THE CENTRAL STATES FAIR APPOINTS DIRECTORS OF THE FOUNDATION WHO IN TURN ELECT OFFICERS. THE ORGANIZATIONS WORK TOGETHER TO ENSURE THE MONEY IS SPENT TO ENHANCE THE PROGRAMS OFFERED BY THE CENTRAL STATES FAIR.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/TotalOtherOrgCnt01
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION WORKS CLOSELY WITH CENTRAL STATES FAIR, INC., A SEPARATE TAX EXEMPT 501.C.5 NONPROFIT ORGANIZATION TO CARRY OUT ITS EXEMPT PURPOSE. CENTRAL STATES FAIR, INC.'S BOARD OF DIRECTORS ELECTS THE FOUNDATION'S DIRECTORS, WHO IN TURN ELECT THEIR OWN OFFICERS. FROM TIME TO TIME THE CENTRAL STATES FAIR INC. AND THE FOUNDATION SHARE THE SAME PERSONS AS BOARD MEMBERS (NEVER MAJORITY CONTROL). ACCORDING TO OUR BYLAWS, CENTRAL STATES FAIR, INC. HAS THE POWER TO CONTROL THE FOUNDATION'S BOARD OF DIRECTORS (APPOINT OR REMOVE).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PREPARED BY OUR CPA AND PROVIDED TO THE GENERAL MANAGER AND BOARD FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A CONFLICT OF INTEREST DOCUMENT IS SIGNED EACH YEAR BY ALL BOARD MEMBERS. POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY THE BOARD AT EACH MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO PAID EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO PAID EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES CONSIDER MAKING THE INFORMATION AVAILABLE ON CASE BY CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ROUNDING 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0GOVERNMENT
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IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0THE CENTRAL STATES FAIR APPOINTS DIRECTORS OF THE FOUNDATION WHO IN TURN ELECT OFFICERS. THE FAIR HAS CONTINUED TO SUPPORT THE FOUNDATION AND REPORTS TO THEM ON HOW THE MONEY IS SPENT.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R
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