Civic Intelligence

Lucas County Fair Association

990 • Fiscal year 2021 • EIN 26-0506277

Oct 01, 2020 to Sep 30, 2021 • Filed on Feb 13, 2022

PO Box 192Chariton, IA 50049

(641) 774-2473

Siviq Scores

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

Liabilities / Assets

1st percentile

-0.00x

Higher debt load relative to assets than 1% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

1st percentile

-0.00x

Higher debt load relative to revenue than 1% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

77th percentile

34%

Higher net margin than 77% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

54th percentile

$4,480

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

48th percentile

8.5%

Faster asset growth than 48% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

92nd percentile

177%

Faster revenue growth than 92% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$696,003

Up $54,534 (+8.5%) from 2020

Net Assets

Up

$696,505

Up $55,036 (+8.6%) from 2020

Liabilities

Down

-$502

Down $502 from 2020

Revenue

Up

$172,269

Up $110,103 (+177%) from 2020

Expenses

Up

$113,220

Up $40,001 (+55%) from 2020

Net Income

Up

$59,049

Up $70,102 (+634%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $881,337Net Assets 2010: $881,3372010Assets 2011: $899,228Liabilities 2011: $0Net Assets 2011: $899,2282011Assets 2012: $927,166Liabilities 2012: $0Net Assets 2012: $927,1662012Assets 2013: $926,999Liabilities 2013: $0Net Assets 2013: $926,9992013Assets 2014: $930,045Liabilities 2014: $0Net Assets 2014: $930,0452014Assets 2015: $967,048Liabilities 2015: $0Net Assets 2015: $967,0482015Assets 2016: $211,816Net Assets 2016: $211,8162016Assets 2017: $227,834Net Assets 2017: $227,8342017Assets 2018: $325,879Liabilities 2018: $2,793Net Assets 2018: $323,0862018Assets 2019: $652,522Liabilities 2019: $0Net Assets 2019: $652,5222019Assets 2020: $641,469Liabilities 2020: $0Net Assets 2020: $641,4692020Assets 2021: $696,003Liabilities 2021: -$502Net Assets 2021: $696,5052021Assets 2022: $881,837Liabilities 2022: -$502Net Assets 2022: $882,3392022Assets 2023: $995,264Liabilities 2023: $0Net Assets 2023: $995,2642023Assets 2024: $998,410Liabilities 2024: $0Net Assets 2024: $998,4102024Assets 2025: $995,820Liabilities 2025: $15,000Net Assets 2025: $980,8202025

Highlighted filing

2021

Assets$696,003
Liabilities-$502
Net Assets$696,505

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2010: $67,183Expenses 2010: $38,354Net Income 2010: $28,8292010Expenses 2011: $57,6682011Expenses 2012: $45,2772012Expenses 2013: $69,1162013Revenue 2014: $55,532Expenses 2014: $52,486Net Income 2014: $3,0462014Revenue 2015: $74,537Expenses 2015: $37,534Net Income 2015: $37,0032015Revenue 2016: $73,289Expenses 2016: $66,902Net Income 2016: $6,3872016Revenue 2017: $82,457Expenses 2017: $66,439Net Income 2017: $16,0182017Revenue 2018: $166,892Expenses 2018: $68,866Net Income 2018: $98,0262018Revenue 2019: $377,251Expenses 2019: $50,867Net Income 2019: $326,3842019Revenue 2020: $62,166Expenses 2020: $73,219Net Income 2020: -$11,0532020Revenue 2021: $172,269Expenses 2021: $113,220Net Income 2021: $59,0492021Revenue 2022: $316,949Expenses 2022: $130,671Net Income 2022: $186,2782022Revenue 2023: $263,831Expenses 2023: $161,638Net Income 2023: $102,1932023Revenue 2024: $153,108Expenses 2024: $138,745Net Income 2024: $14,3632024Revenue 2025: $136,024Expenses 2025: $155,487Net Income 2025: -$19,4632025

Highlighted filing

2021

Revenue$172,269
Expenses$113,220
Net Income$59,049
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Feb 13, 2022
Return Version
2020v4.1
Gross Receipts
$194,706
Mission and Program Overview

Mission

Providing county fair

Organization and operation of a county fair in Lucas County, Iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$641,469$696,505▲ $55,036
Land, Buildings, and Equipment, Net$592,514$587,129▼ $5,385
Cash and Non-Interest-Bearing Accounts$23,793$77,051▲ $53,258
Savings and Temporary Cash Investments$24,891$32,054▲ $7,163
Accounts Receivable$-231$-231→ $0
Total Assets$640,967$696,003▲ $55,036
Liabilities
Accounts Payable and Accrued Expenses$-502$-502→ $0
Total Liabilities$-502$-502→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$641,469$696,505▲ $55,036
Total Liabilities and Net Assets / Fund Balance$640,967$696,003▲ $55,036

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$520,487$696,502-
Land$50,000--
Equipment$16,642$156,994-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Trevor SteinhausenDirector-$4,480$4,480
Kim EtterTreasurer/DirectorPT$765$765

Board Members and Trustees

NameTitle
Clarence E LoynachanPresident/Director
Jerry NeerVice President/Director
Brian BeatyDirector
Casey ShanksDirector
Curt SmyserDirector
Joseph McDonoughDirector
Kent LoynachanDirector
Troy SteinhausenDirector
Megan LoynachanSecretary/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$116,288
Program Service Revenue
$34,982
Investment Income
$465
Other Revenue
$20,534
All Other Contributions
$90,280
Change in Net Assets
$59,049
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$107,975
Salaries, Compensation, and Employee Benefits$5,245
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$36,585$0$0$36,585
Depreciation Depletion$0$22,002$0$22,002
All Other Expenses$18,283$1,049$0$19,332
Insurance$8,524$0$0$8,524
Current Officers, Directors, Trustees, and Key Employees$4,480$765$0$5,245
Other Expenses$1,318$0$0$1,318
Fees for Services Accounting$0$214$0$214
Total Functional Expenses$89,190$24,030$0$113,220
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$22,437
Fundraising Gross Income$15,078
Professional Fundraising Fees$0
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
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Lucas County Fair Association
EIN
26-0506277
Phone
6417742473
Address
PO Box 192, Chariton, IA 50049

Signing Officer

Name
Clarence E Loynachan
Title
President
Phone
6417742473
Signed
2022-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clarence E Loynachan
Formed
2006
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
15

Preparer

Firm
Meyer & Lain
Address
106 North Grand St, Chariton, IA 50049
Preparer
Raymond C Meyer
Phone
6417742179
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Kent Loynachan is the son of Clarence E Loynachan and the spouse of Megan Loynachan. Trevor Steinhausen is the son of Troy Steinhausen.

Pt VI, Line 11B

The proposed Form 990 was reviewed by the full board at its meeting on February 8, 2022.

Form 990, Part IX, Line 24E

Dues/Fees 802. 0. 802. 0.

Form 990, Part IX, Line 24E

Iowa Alcohol License 160. 160. 0. 0.

Form 990, Part IX, Line 24E

Scale Expense 600. 600. 0. 0.

Form 990, Part IX, Line 24E

Wages 100. 100. 0. 0.

Form 990, Part IX, Line 24E

Miscellaneous 896. 649. 247. 0.

Form 990, Part IX, Line 24E

Rabbit Barn 16774. 16774. 0. 0.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16550
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31308
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt028333
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt017
IRS990/PYOtherExpensesAmt069999
IRS990/PYOtherRevenueAmt012209
IRS990/PYProgramServiceRevenueAmt021607
IRS990/PYRevenuesLessExpensesAmt0-11053
IRS990/PYSalariesCompEmpBnftPaidAmt03220
IRS990/PYTotalExpensesAmt073219
IRS990/PYTotalRevenueAmt062166
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt059049
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt027893
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt034982
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0641469
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0696505
IRS990/SavingsAndTempCashInvstGrp/BOYAmt024891
IRS990/SavingsAndTempCashInvstGrp/EOYAmt032054
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt067466
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt050705
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0370145
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0144687
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt064427
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0697430
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt027893
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt015452
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt016170
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt013557
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt010280
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt083352
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89320
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.91620
IRS990ScheduleA/PublicSupportTotal170Amt0697430
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt067466
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt050705
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0370145
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0144687
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt064427
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0697430
IRS990ScheduleA/TotalSupportAmt0780782
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0520487
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0696502
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01216989
IRS990ScheduleD/EquipmentGrp/BookValueAmt016642
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0156994
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0173636
IRS990ScheduleD/LandGrp/BookValueAmt050000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt050000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0587129
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Kent Loynachan is the son of Clarence E Loynachan and the spouse of Megan Loynachan. Trevor Steinhausen is the son of Troy Steinhausen.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The proposed Form 990 was reviewed by the full board at its meeting on February 8, 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Dues/Fees 802. 0. 802. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Iowa Alcohol License 160. 160. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Scale Expense 600. 600. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Wages 100. 100. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Miscellaneous 896. 649. 247. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Rabbit Barn 16774. 16774. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0640967

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.96$0.15$9.81$1.36$1.55$0.19
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.98$0.00$9.98$1.53$1.39$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.95$0.00$9.95$2.64$1.62$1.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.82$0.01$8.82$3.17$1.31$1.86
2021Detailed filing. Detailed filing data is available for this year.$6.96$0.01$6.97$1.72$1.13$0.59
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.41$0.00$6.41$0.62$0.73$0.11
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.53$0.00$6.53$3.77$0.51$3.26
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.26$0.03$3.23$1.67$0.69$0.98
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$2.28$0.82$0.66$0.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$2.12$0.73$0.67$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.67$0.00$9.67$0.75$0.38$0.37
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.30$0.00$9.30$0.56$0.52$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.27$0.00$9.27$0.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.27$0.00$9.27$0.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.99$0.00$8.99$0.58
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.81$8.81$0.67$0.38$0.29