Civic Intelligence

Wabasha County Fair

990 • Fiscal year 2024 • EIN 23-7101601

Oct 01, 2023 to Sep 30, 2024 • Filed on Nov 20, 2024

99 Coulee WayWabasha, MN 55981

(507) 696-5090

Siviq Scores

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

Liabilities / Assets

75th percentile

0.17x

Higher debt load relative to assets than 75% of similar nonprofits.

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

Liabilities / Revenue

87th percentile

0.50x

Higher debt load relative to revenue than 87% of similar nonprofits.

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

Net Margin

83rd percentile

34%

Higher net margin than 83% of similar nonprofits.

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

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

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

Asset Growth

85th percentile

40%

Faster asset growth than 85% of similar nonprofits.

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

Revenue Growth

61st percentile

16%

Faster revenue growth than 61% of similar nonprofits.

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

Assets

Up

$580,530

Up $167,103 (+40%) from 2023

Net Assets

Up

$480,988

Up $67,873 (+16%) from 2023

Liabilities

Up

$99,542

Up $99,230 (+31804%) from 2023

Revenue

Up

$199,195

Up $27,642 (+16%) from 2023

Expenses

Up

$131,322

Up $3,355 (+2.6%) from 2023

Net Income

Up

$67,873

Up $24,287 (+56%) from 2023

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2012: $260,049Liabilities 2012: $53,275Net Assets 2012: $206,7742012Assets 2013: $253,035Liabilities 2013: $36,425Net Assets 2013: $216,6102013Assets 2014: $252,111Liabilities 2014: $24,954Net Assets 2014: $227,1572014Assets 2021: $323,415Liabilities 2021: $20,942Net Assets 2021: $302,4722021Assets 2022: $379,158Liabilities 2022: $9,629Net Assets 2022: $369,5292022Assets 2023: $413,427Liabilities 2023: $312Net Assets 2023: $413,1152023Assets 2024: $580,530Liabilities 2024: $99,542Net Assets 2024: $480,9882024Assets 2025: $519,474Liabilities 2025: $66,822Net Assets 2025: $452,6522025

Highlighted filing

2024

Assets$580,530
Liabilities$99,542
Net Assets$480,988

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2012: $95,893Expenses 2012: $79,760Net Income 2012: $16,1332012Revenue 2013: $98,762Expenses 2013: $88,926Net Income 2013: $9,8362013Revenue 2014: $81,813Expenses 2014: $71,266Net Income 2014: $10,5472014Revenue 2021: $140,063Expenses 2021: $145,372Net Income 2021: -$5,3092021Revenue 2022: $159,274Expenses 2022: $92,218Net Income 2022: $67,0562022Revenue 2023: $171,553Expenses 2023: $127,967Net Income 2023: $43,5862023Revenue 2024: $199,195Expenses 2024: $131,322Net Income 2024: $67,8732024Revenue 2025: $201,856Expenses 2025: $230,192Net Income 2025: -$28,3362025

Highlighted filing

2024

Revenue$199,195
Expenses$131,322
Net Income$67,873
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Nov 20, 2024
Return Version
2023v5.0
Gross Receipts
$235,121
Mission and Program Overview

Mission

To provide for the exhibition of agricultural, stock breeding, horticultural, mechanical, industrial and other products, including exhibits of the arts and sciences and other public expositions pertinent to art, science, industry and skill, for the purpose of creating and promoting better understanding and sympathy between all the people, with special emphasis on youth, in wabasha county and its surrounding area and to further the general welfare and health of the citizens of this state.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$324,181$508,597▲ $184,416
Cash and Non-Interest-Bearing Accounts$89,246$71,933▼ $17,313
Total Assets$413,427$580,530▲ $167,103
Liabilities
Unsecured Notes Loans Payable-$99,244-
Other Liabilities$312$298▼ $14
Total Liabilities$312$99,542▲ $99,230
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$413,115$480,988▲ $67,873
Total Net Assets Fund Balance$413,115$480,988▲ $67,873
Total Liabilities and Net Assets / Fund Balance$413,427$580,530▲ $167,103

Asset Categories

AssetBook ValueDepreciationBasis
Land$313,568-$313,568
Other Land Buildings$195,029$3,167$198,196
Compensation and Service Providers

Board Members and Trustees

NameTitle
Barb PetitPresident
Katie BrownSecretary
Robert SextonTreasurer
Paul LuhmannVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$100,458
Program Service Revenue
$76,977
Investment Income
$347
Other Revenue
$21,413
All Other Contributions
$72,178
Change in Net Assets
$67,873
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$131,322
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$20,680$1,730-$22,410
Insurance$7,506--$7,506
Occupancy-$5,879-$5,879
Advertising$4,569--$4,569
Other Expenses$3,821--$3,821
Office Expenses$2,728$1,059-$3,787
Depreciation Depletion$2,713--$2,713
Interest-$1,381-$1,381
Travel-$706-$706
Total Functional Expenses$120,567$10,755$0$131,322
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$49,520
Gaming Direct Expenses$31,835
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sales Tax Payable$298
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Wabasha County Fair
EIN
23-7101601
Phone
5076965090
Address
99 COULEE WAY, WABASHA, MN 55981

Signing Officer

Name
Robert Sexton
Title
Treasurer
Phone
5076965090
Signed
2024-11-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barb Petit
Voting Board Members
15
Independent Board Members
30
Employees
0

Preparer

Firm
Oertli & Pleschourt Llp
Address
5105 HIGHWAY 52 N, ROCHESTER, MN 55901-0170
Preparer
Katelyn Manitz
Phone
5072886650
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide for the exhibition of agricultural, stock breeding, horticultural, mechanical, industrial and other products, including exhibits of the arts and sciences and other public expositions pertinent to art, science, industry and skill, for the purpose of creating and promoting better understanding and sympathy between all the people, with special emphasis on youth, in wabasha county and its surrounding area and to further the general welfare and health of the citizens of this state.

Form 990, Part IX, Line 24E

Donations 3,465 0 0 4-h premium 3,398 0 0 portable toilets 2,620 0 0 waste removal 2,421 0 0 tent rental 2,148 0 0 open class premium 1,994 0 0 dues 1,666 0 0 supplies 1,614 0 0 bank fees 0 750 0 professional fees 0 583 0 security 500 0 0 operational expenses 484 0 0 promotion 370 0 0 website 0 272 0 licenses & permits 0 125 0 total 20,680 1,730 0

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE FOR THE EXHIBITION OF AGRICULTURAL, STOCK BREEDING, HORTICULTURAL, MECHANICAL, INDUSTRIAL AND OTHER PRODUCTS, INCLUDING EXHIBITS OF THE ARTS AND SCIENCES AND OTHER PUBLIC EXPOSITIONS PERTINENT TO ART, SCIENCE, INDUSTRY AND SKILL, FOR THE PURPOSE OF CREATING AND PROMOTING BETTER UNDERSTANDING AND SYMPATHY BETWEEN ALL THE PEOPLE, WITH SPECIAL EMPHASIS ON YOUTH, IN WABASHA COUNTY AND ITS SURROUNDING AREA AND TO FURTHER THE GENERAL WELFARE AND HEALTH OF THE CITIZENS OF THIS STATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DONATIONS 3,465 0 0 4-H PREMIUM 3,398 0 0 PORTABLE TOILETS 2,620 0 0 WASTE REMOVAL 2,421 0 0 TENT RENTAL 2,148 0 0 OPEN CLASS PREMIUM 1,994 0 0 DUES 1,666 0 0 SUPPLIES 1,614 0 0 BANK FEES 0 750 0 PROFESSIONAL FEES 0 583 0 SECURITY 500 0 0 OPERATIONAL EXPENSES 484 0 0 PROMOTION 370 0 0 WEBSITE 0 272 0 LICENSES & PERMITS 0 125 0 TOTAL 20,680 1,730 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0120567
IRS990/TotalFunctionalExpensesGrp/TotalAmt0131322
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0312
IRS990/TotalLiabilitiesEOYAmt099542
IRS990/TotalLiabilitiesGrp/BOYAmt0312
IRS990/TotalLiabilitiesGrp/EOYAmt099542
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0413115
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0480988
IRS990/TotalProgramServiceExpensesAmt0120567
IRS990/TotalProgramServiceRevenueAmt076977
IRS990/TotalRevenueGrp/ExclusionAmt017685
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt081052
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0199195
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0413427
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0580530
IRS990/TravelGrp/ManagementAndGeneralAmt0706
IRS990/TravelGrp/TotalAmt0706
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt099244
IRS990/USAddress/AddressLine1Txt014804 75TH ST NE
IRS990/USAddress/CityNm0PLAINVIEW
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055964
IRS990/VotingMembersGoverningBodyCnt015
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT SEXTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05076965090
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WABASHA COUNTY FAIR
ReturnHeader/Filer/BusinessNameControlTxt0WABA
ReturnHeader/Filer/EIN0237101601
ReturnHeader/Filer/PhoneNum05076965090
ReturnHeader/Filer/USAddress/AddressLine1Txt099 COULEE WAY
ReturnHeader/Filer/USAddress/CityNm0WABASHA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055981
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411924986
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OERTLI & PLESCHOURT LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05105 HIGHWAY 52 N
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCHESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0559010170
ReturnHeader/PreparerPersonGrp/PhoneNum05072886650
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATELYN MANITZ
ReturnHeader/ReturnTs02024-12-04T16:36:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-10-01
ReturnHeader/TaxPeriodEndDt02024-09-30
ReturnHeader/TaxYr02023

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