Civic Intelligence

Owen County Fair Association Incorporated

990 • Fiscal year 2014 • EIN 35-6043481

Jan 01, 2014 to Dec 31, 2014 • Filed on May 15, 2015

PO Box 570Spencer, IN 47460

(812) 829-2487

Siviq Scores

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

Liabilities / Assets

81st percentile

0.05x

Higher debt load relative to assets than 81% of similar nonprofits.

2014 filings • 501(c)5 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

0.07x

Higher debt load relative to revenue than 85% of similar nonprofits.

2014 filings • 501(c)5 • <$500k nonprofits • Source year 2014

Net Margin

52nd percentile

3.6%

Higher net margin than 52% of similar nonprofits.

2014 filings • 501(c)5 • <$500k nonprofits • Source year 2014

Top Officer Pay

43rd percentile

$0

Higher top officer pay than 43% of similar nonprofits.

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

2014 filings • 501(c)5 • <$500k nonprofits • Source year 2014

Asset Growth

61st percentile

6.2%

Faster asset growth than 61% of similar nonprofits.

2014 filings • 501(c)5 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

35th percentile

-3.1%

Faster revenue growth than 35% of similar nonprofits.

2014 filings • 501(c)5 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$339,870

Up $19,736 (+6.2%) from 2013

Net Assets

Up

$322,995

Up $8,511 (+2.7%) from 2013

Liabilities

Up

$16,875

Up $11,225 (+199%) from 2013

Revenue

Down

$236,110

Down $7,540 (-3.1%) from 2013

Expenses

Up

$227,599

Up $52,880 (+30%) from 2013

Net Income

Down

$8,511

Down $60,420 (-88%) from 2013

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $321,264Liabilities 2010: $99,685Net Assets 2010: $221,5792010Assets 2011: $262,739Liabilities 2011: $38,731Net Assets 2011: $224,0082011Assets 2012: $262,127Liabilities 2012: $16,574Net Assets 2012: $245,5532012Assets 2013: $320,134Liabilities 2013: $5,650Net Assets 2013: $314,4842013Assets 2014: $339,870Liabilities 2014: $16,875Net Assets 2014: $322,9952014Assets 2015: $335,166Liabilities 2015: $15,390Net Assets 2015: $319,7762015Assets 2016: $345,812Liabilities 2016: $10,000Net Assets 2016: $335,8122016Assets 2017: $487,730Liabilities 2017: $30,000Net Assets 2017: $457,7302017Assets 2018: $454,729Liabilities 2018: $0Net Assets 2018: $454,7292018Assets 2019: $584,145Liabilities 2019: $10,000Net Assets 2019: $574,1452019Assets 2020: $515,565Liabilities 2020: $0Net Assets 2020: $515,5652020Assets 2021: $560,467Liabilities 2021: $0Net Assets 2021: $560,4672021Assets 2022: $603,963Liabilities 2022: $7,757Net Assets 2022: $596,2062022Assets 2023: $620,660Liabilities 2023: $53,324Net Assets 2023: $567,3362023Assets 2024: $646,744Liabilities 2024: $50,831Net Assets 2024: $595,9132024

Highlighted filing

2014

Assets$339,870
Liabilities$16,875
Net Assets$322,995

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $208,8742010Expenses 2011: $171,0872011Expenses 2012: $143,4312012Revenue 2013: $243,650Expenses 2013: $174,719Net Income 2013: $68,9312013Revenue 2014: $236,110Expenses 2014: $227,599Net Income 2014: $8,5112014Revenue 2015: $241,587Expenses 2015: $244,806Net Income 2015: -$3,2192015Revenue 2016: $303,558Expenses 2016: $287,522Net Income 2016: $16,0362016Revenue 2017: $382,110Expenses 2017: $260,192Net Income 2017: $121,9182017Revenue 2018: $252,057Expenses 2018: $255,058Net Income 2018: -$3,0012018Revenue 2019: $343,750Expenses 2019: $282,199Net Income 2019: $61,5512019Revenue 2020: $83,982Expenses 2020: $90,858Net Income 2020: -$6,8762020Revenue 2021: $188,800Expenses 2021: $161,816Net Income 2021: $26,9842021Revenue 2022: $249,454Expenses 2022: $215,064Net Income 2022: $34,3902022Revenue 2023: $253,407Expenses 2023: $261,619Net Income 2023: -$8,2122023Revenue 2024: $269,055Expenses 2024: $240,478Net Income 2024: $28,5772024

Highlighted filing

2014

Revenue$236,110
Expenses$227,599
Net Income$8,511
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 15, 2015
Return Version
2014v5.0
Gross Receipts
$236,110
Mission and Program Overview

Mission

Facility maintenance of our local fairgrounds, buildings and improvements, along with the promotion and operation of the annual owen county 4-h fair, and all related educational and youth activities. Also, provide a conduit for our local 4-h members to participate in the indiana state fair activities held annually in august. Additionally, provide our faciltiies for use by community organizations and citizens other than during the fair.

To maintain & operate county fair

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$299,004$330,213▲ $31,209
Rtn Earn Endowment Incm Other Fnds$314,484$322,995▲ $8,511
Cash and Non-Interest-Bearing Accounts$21,130$9,657▼ $11,473
Total Assets$320,134$339,870▲ $19,736
Liabilities
Unsecured Notes Loans Payable$5,650$16,875▲ $11,225
Total Liabilities$5,650$16,875▲ $11,225
Net Assets / Fund Balance
Total Net Assets Fund Balance$314,484$322,995▲ $8,511
Total Liabilities and Net Assets / Fund Balance$320,134$339,870▲ $19,736

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$330,213$171,105$501,318
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bill PurcellPresident
Linda GentrySecretary
Lillian PurcellTreasurer
Verl KeithVice-pres
Revenue and Support

Revenue Composition

Contributions and Grants
$19,500
Program Service Revenue
$197,025
Investment Income
$0
Other Revenue
$19,585
All Other Contributions
$11,500
Change in Net Assets
$8,511
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$227,599
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
Other Expenses$166,390--$166,390
Occupancy$27,041--$27,041
Insurance$18,586$1,001-$19,587
Depreciation Depletion$12,345--$12,345
Fees for Services Accounting-$960-$960
Interest$553--$553
Office Expenses-$423-$423
Conferences and Meetings-$300-$300
Total Functional Expenses$224,915$2,684$0$227,599
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
Filing and Contact Details

Filer

Filer Name
Owen County Fair Association Inc
EIN
35-6043481
Phone
8128292487
Address
PO BOX 570, SPENCER, IN 47460

Signing Officer

Name
Bill Pursell
Title
President
Phone
8128292487
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Purcell
Formed
1963
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
25

Preparer

Firm
Brown & Associates CPA
Address
113 S Main St PO Box 297, SPENCER, IN 47460
Preparer
Becky Brown CPA
Phone
8128294917
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

FAMILY RELATIONSHIP

Pt VI, Line 11B

President reviews - board approves

Raw XML Appendix250 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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.47$0.51$5.96$2.69$2.40$0.29
2023Detailed filing. Detailed filing data is available for this year.$6.21$0.53$5.67$2.53$2.62$0.08
2022Detailed filing. Detailed filing data is available for this year.$6.04$0.08$5.96$2.49$2.15$0.34
2021Detailed filing. Detailed filing data is available for this year.$5.60$0.00$5.60$1.89$1.62$0.27
2020Detailed filing. Detailed filing data is available for this year.$5.16$0.00$5.16$0.84$0.91$0.07
2019Detailed filing. Detailed filing data is available for this year.$5.84$0.10$5.74$3.44$2.82$0.62
2018Detailed filing. Detailed filing data is available for this year.$4.55$0.00$4.55$2.52$2.55$0.03
2017Detailed filing. Detailed filing data is available for this year.$4.88$0.30$4.58$3.82$2.60$1.22
2016Detailed filing. Detailed filing data is available for this year.$3.46$0.10$3.36$3.04$2.88$0.16
2015Detailed filing. Detailed filing data is available for this year.$3.35$0.15$3.20$2.42$2.45$0.03
2014Detailed filing. Detailed filing data is available for this year.$3.40$0.17$3.23$2.36$2.28$0.09
2013Detailed filing. Detailed filing data is available for this year.$3.20$0.06$3.14$2.44$1.75$0.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$0.17$2.46$1.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.63$0.39$2.24$1.71
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$1.00$2.22$2.09