Civic Intelligence

Embarrass Region Fair Association

EIN 30-0495381 • 501(c)3 • Embarrass, MN

Profile

Community Engagement

PO Box 83Embarrass, MN 55732

www.embarrassrfa.org

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.00x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.00x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

88th percentile

44%

Higher net margin than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

85th percentile

41%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

90th percentile

82%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Up

$391,540

Up $90,779 (+30%) from 2023

Liabilities

Up

$900

Up $900 from 2023

Net Assets

Up

$390,640

Up $89,879 (+30%) from 2023

Revenue

Up

$237,112

Up $43,447 (+22%) from 2023

Expenses

Up

$133,231

Up $37,590 (+39%) from 2023

Net Income

Up

$103,881

Up $5,857 (+6.0%) from 2023

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $211,799Liabilities 2011: $0Net Assets 2011: $211,7992011Assets 2012: $215,699Liabilities 2012: $0Net Assets 2012: $215,6992012Assets 2015: $206,353Liabilities 2015: $0Net Assets 2015: $206,3532015Assets 2016: $202,719Liabilities 2016: $0Net Assets 2016: $202,7192016Assets 2017: $215,700Liabilities 2017: $0Net Assets 2017: $215,7002017Assets 2018: $208,906Liabilities 2018: $0Net Assets 2018: $208,9062018Assets 2019: $206,222Liabilities 2019: $0Net Assets 2019: $206,2222019Assets 2020: $190,881Liabilities 2020: $0Net Assets 2020: $190,8812020Assets 2021: $203,023Liabilities 2021: $0Net Assets 2021: $203,0232021Assets 2022: $197,894Liabilities 2022: $0Net Assets 2022: $197,8942022Assets 2023: $300,761Liabilities 2023: $0Net Assets 2023: $300,7612023Assets 2024: $391,540Liabilities 2024: $900Net Assets 2024: $390,6402024

Highlighted filing

2024

Assets$391,540
Liabilities$900
Net Assets$390,640

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $77,729Expenses 2011: $74,822Net Income 2011: $2,9072011Revenue 2012: $71,909Expenses 2012: $68,009Net Income 2012: $3,9002012Revenue 2015: $63,918Expenses 2015: $63,895Net Income 2015: $232015Revenue 2016: $75,117Expenses 2016: $78,751Net Income 2016: -$3,6342016Revenue 2017: $80,517Expenses 2017: $67,536Net Income 2017: $12,9812017Revenue 2018: $75,263Expenses 2018: $82,057Net Income 2018: -$6,7942018Revenue 2019: $73,495Expenses 2019: $76,179Net Income 2019: -$2,6842019Revenue 2020: $13,503Expenses 2020: $28,844Net Income 2020: -$15,3412020Revenue 2021: $71,427Expenses 2021: $59,285Net Income 2021: $12,1422021Revenue 2022: $71,504Expenses 2022: $76,633Net Income 2022: -$5,1292022Revenue 2023: $193,665Expenses 2023: $95,641Net Income 2023: $98,0242023Revenue 2024: $237,112Expenses 2024: $133,231Net Income 2024: $103,8812024

Highlighted filing

2024

Revenue$237,112
Expenses$133,231
Net Income$103,881

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 29, 2025
Return Version
2024v5.2
Gross Receipts
$237,112
Mission and Program Overview

Mission

Promote regional commeraraty

To promote the growth and welfare of the Embarrass Region; to bring people together in competition and friendship; and to display the arts, crafts, skills and agriculture of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$221,104$209,245▼ $11,859
Cash and Non-Interest-Bearing Accounts$78,148$182,295▲ $104,147
Total Assets$299,252$391,540▲ $92,288
Liabilities
Other Liabilities-$900-
Total Liabilities$0$900▲ $900
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$299,252$390,640▲ $91,388
Total Net Assets Fund Balance$299,252$390,640▲ $91,388
Total Liabilities and Net Assets / Fund Balance$299,252$391,540▲ $92,288

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$50,675$212,325$263,000
Other Land Buildings$116,895$35,147$152,042
Land$36,000-$36,000
Equipment$5,675$5,830$11,505
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carissa SmithChair
Sara Wallert-RamponiVice Chair
Tana JohnsonDirector
Tracey MuhvichDirector
William RamponiDirector
Zane BeatonDirector
Laura StellaSecretary
Preston TrippTreasuruer
Revenue and Support

Revenue Composition

Contributions and Grants
$142,705
Program Service Revenue
$94,285
Investment Income
$99
Other Revenue
$23
All Other Contributions
$127,411
Change in Net Assets
$103,881
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$133,231
Total Fundraising Expense$720
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$23,020--$23,020
Fees for Services Other$11,630$2,907-$14,537
Depreciation Depletion$14,086--$14,086
Insurance$9,393--$9,393
Advertising$7,729--$7,729
Information Technology-$3,609$400$4,009
Office Expenses-$2,877$320$3,197
Fees for Services Accounting$2,009--$2,009
All Other Expenses$283--$283
Other Expenses$281--$281
Total Functional Expenses$123,118$9,393$720$133,231
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Refundable Damage Deposits$900
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

Governance Explanations

Form 990 governing body review Part VI line 11

The Form 990 is reviewed by the Treasurer, signing officer, and the board.

Conflict of interest policy compliance Part VI line 12C

The Fair has a written Conflict of Interest Policy. The Fair also has a whistleblower policy.

Governing documents etc available to public Part VI line 19

Governing documents are available to the public on request.

Filing and Contact Details

Filer

Filer Name
Embarrass Region Fair Association
EIN
30-0495381
In Care Of
% Preston Tripp
Address
PO Box 83, Embarrass, MN 55732

Signing Officer

Name
Preston Tripp
Title
Treasuruer
Phone
2183438354
Signed
2025-08-29
Discuss with paid preparer
Yes

Organization Details

Formed
1965
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
180

Preparer

Firm
Charles R Zeugner CPA
Address
10 N 1st Ave E STE 204, Ely, MN 55731
Preparer
Charles Zeugner
Phone
2183656020
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Line 9. Reconciliation adjustment to tie return to books

List of other fees for services expenses Part IX line 11G

Contractor and Professional Fees 14,537.41

Part III response or note to any other line in Part III

Embarrass Region Fair Annual fair that brings together community members from Embarrass and surrounding communities for friendly competition and to display arts, crafts and agriculture. The Fair also includes free live music and entertainment for children and adults. Number of participants and attendees who benefited in 2023 is approximately 6,100. Timber Hall Event Center The Association owns and maintains the Timber Hall Event Center and surrounding grounds and horse arena. The Event Center is a community gathering place that consists of a 144x84, 12,096 sq ft log building, two pole barns, a horse arena and several other small structures. It is available to the public to rent for wedding receptions, family reunions, meetings, fundraisers and other events. It is also used for classes, Association meetings & events, the Embarrass Region Fair and during the winter it is open to the public for indoor walking. The arena is used by the Northwoods Saddle Club and other horse events and competitions. Serves about 4,000 annually (not including the Fair). Pancake Breakfasts Monthly Pancake Breakfast from October through May that provide a low-cost breakfast and social get together for area residents. Breakfasts are held in conjunction with other activities that benefit the community; for example, in 2023 activities included three blood drives, two craft shows, a tack swap, childrens crafts, free ice cream and a book drive that provided free books & games to community members. Breakfasts are also used to honor those who serve the community such as police & veterans. Number of persons who benefitted is approximately 2,200.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed by the Treasurer, signing officer, and the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Fair has a written Conflict of Interest Policy. The Fair also has a whistleblower policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents are available to the public on request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Line 9. Reconciliation adjustment to tie return to books
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Contractor and Professional Fees 14,537.41
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Embarrass Region Fair Annual fair that brings together community members from Embarrass and surrounding communities for friendly competition and to display arts, crafts and agriculture. The Fair also includes free live music and entertainment for children and adults. Number of participants and attendees who benefited in 2023 is approximately 6,100. Timber Hall Event Center The Association owns and maintains the Timber Hall Event Center and surrounding grounds and horse arena. The Event Center is a community gathering place that consists of a 144x84, 12,096 sq ft log building, two pole barns, a horse arena and several other small structures. It is available to the public to rent for wedding receptions, family reunions, meetings, fundraisers and other events. It is also used for classes, Association meetings & events, the Embarrass Region Fair and during the winter it is open to the public for indoor walking. The arena is used by the Northwoods Saddle Club and other horse events and competitions. Serves about 4,000 annually (not including the Fair). Pancake Breakfasts Monthly Pancake Breakfast from October through May that provide a low-cost breakfast and social get together for area residents. Breakfasts are held in conjunction with other activities that benefit the community; for example, in 2023 activities included three blood drives, two craft shows, a tack swap, childrens crafts, free ice cream and a book drive that provided free books & games to community members. Breakfasts are also used to honor those who serve the community such as police & veterans. Number of persons who benefitted is approximately 2,200.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part III response or note to any other line in Part III
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