Civic Intelligence

Lake County Fair Association

990 • Fiscal year 2018 • EIN 36-6089769

Nov 01, 2017 to Oct 31, 2018 • Filed on Feb 06, 2019

Organization ProfileWWW.LCFAIR.COM

View Organization Page

1060 E Peterson RdGrayslake, IL 60030

(847) 680-7200

Siviq Scores

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

Liabilities / Assets

40th percentile

0.16x

Higher debt load relative to assets than 40% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

2.41x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

10th percentile

-16%

Higher net margin than 10% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

41st percentile

0.6%

Faster asset growth than 41% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

93rd percentile

86%

Faster revenue growth than 93% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$28,822,278

Up $172,227 (+0.6%) from 2017

Net Assets

Down

$24,084,675

Down $323,483 (-1.3%) from 2017

Liabilities

Up

$4,737,603

Up $495,710 (+12%) from 2017

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin10th percentile

Revenue

Up

$1,965,903

Up $907,842 (+86%) from 2017

Expenses

Up

$2,289,386

Up $7,456 (+0.3%) from 2017

Net Income

Up

-$323,483

Up $900,386 (+74%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$40M$30M$20M$10M$0Assets 2011: $35,055,040Liabilities 2011: $6,564,169Net Assets 2011: $28,490,8712011Assets 2012: $33,998,382Liabilities 2012: $6,647,927Net Assets 2012: $27,350,4552012Assets 2014: $33,171,343Liabilities 2014: $6,590,536Net Assets 2014: $26,580,8072014Assets 2015: $33,155,742Liabilities 2015: $6,558,219Net Assets 2015: $26,597,5232015Assets 2016: $31,028,861Liabilities 2016: $5,396,834Net Assets 2016: $25,632,0272016Assets 2017: $28,650,051Liabilities 2017: $4,241,893Net Assets 2017: $24,408,1582017Assets 2018: $28,822,278Liabilities 2018: $4,737,603Net Assets 2018: $24,084,6752018Assets 2019: $28,384,945Liabilities 2019: $4,664,201Net Assets 2019: $23,720,7442019Assets 2020: $27,959,128Liabilities 2020: $4,819,931Net Assets 2020: $23,139,1972020Assets 2021: $27,796,345Liabilities 2021: $5,026,453Net Assets 2021: $22,769,8922021Assets 2022: $27,759,507Liabilities 2022: $4,963,620Net Assets 2022: $22,795,8872022Assets 2023: $27,217,326Liabilities 2023: $4,891,491Net Assets 2023: $22,325,8352023Assets 2024: $26,663,746Liabilities 2024: $4,688,936Net Assets 2024: $21,974,8102024

Highlighted filing

2018

Assets$28,822,278
Liabilities$4,737,603
Net Assets$24,084,675
Open 2018 Filing

Operations Trend

Revenue Growth93rd percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $1,191,8202011Expenses 2012: $2,285,9412012Revenue 2014: $1,843,799Expenses 2014: $2,151,110Net Income 2014: -$307,3112014Revenue 2015: $2,245,808Expenses 2015: $2,229,092Net Income 2015: $16,7162015Revenue 2016: $1,119,702Expenses 2016: $2,085,198Net Income 2016: -$965,4962016Revenue 2017: $1,058,061Expenses 2017: $2,281,930Net Income 2017: -$1,223,8692017Revenue 2018: $1,965,903Expenses 2018: $2,289,386Net Income 2018: -$323,4832018Revenue 2019: $2,092,977Expenses 2019: $2,456,908Net Income 2019: -$363,9312019Revenue 2020: $814,753Expenses 2020: $1,396,300Net Income 2020: -$581,5472020Revenue 2021: $1,095,277Expenses 2021: $1,464,582Net Income 2021: -$369,3052021Revenue 2022: $2,653,317Expenses 2022: $2,627,322Net Income 2022: $25,9952022Revenue 2023: $2,611,549Expenses 2023: $3,081,601Net Income 2023: -$470,0522023Revenue 2024: $2,816,140Expenses 2024: $3,167,165Net Income 2024: -$351,0252024

Highlighted filing

2018

Revenue$1,965,903
Expenses$2,289,386
Net Income-$323,483
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2017 to Oct 31, 2018
Signed
Feb 6, 2019
Return Version
2017v2.2
Gross Receipts
$1,965,903
Mission and Program Overview

Mission

The lake county fair association shall be for the preservation of the past, promotion of the future, and education on the future of agriculture and horticulture, mechanical arts, and the rural and domestic economies of the lake couny community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$28,175,721$28,257,378▲ $81,657
Cash and Non-Interest-Bearing Accounts$464,855$546,170▲ $81,315
Accounts Receivable$1,340$10,607▲ $9,267
Prepaid Expenses and Deferred Charges$8,135$8,123▼ $12
Total Assets$28,650,051$28,822,278▲ $172,227
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,130,047$4,574,025▲ $443,978
Deferred Revenue$67,014$119,976▲ $52,962
Other Liabilities$26,851$32,855▲ $6,004
Accounts Payable and Accrued Expenses$17,981$10,747▼ $7,234
Total Liabilities$4,241,893$4,737,603▲ $495,710
Net Assets / Fund Balance
Unrestricted Net Assets$24,408,158$24,084,675▼ $323,483
Total Net Assets Fund Balance$24,408,158$24,084,675▼ $323,483
Total Liabilities and Net Assets / Fund Balance$28,650,051$28,822,278▲ $172,227

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,835,214$2,105,329-
Other Land Buildings$3,972,414$801,493-
Land$12,112,654--
Equipment$639,361$394,825-
Leasehold Improvements$1,697,735$25,252-
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Kelli Repler-yarcPresident
Rich GeldenVice-president
Bunny OtrembiakDirector
Kathy MillerDirector
Kevin QuinnDirector
Leroy WeinbrennerDirector
Chris TurnbullSecretary
Amanda KnoppTreasurer
Peter TekampeTresurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,300,242
Investment Income
$-108,022
Other Revenue
$773,683
Change in Net Assets
$-323,483

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,965,903
Total Revenue per Audited Statements
$1,965,903
Total Revenue per Form 990
$1,965,903
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,903,895
Salaries, Compensation, and Employee Benefits$385,491
Total Fundraising Expense$25,474
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$631,414$6,146$25,474$663,034
Depreciation Depletion$382,049--$382,049
Other Salaries and Wages$205,158$120,489-$325,647
Interest$221,093--$221,093
Other Expenses$60,362--$60,362
Advertising$39,845--$39,845
Payroll Taxes$21,031$12,351-$33,382
Fees for Services Other$13,897$18,675-$32,572
Insurance$31,562--$31,562
Other Employee Benefits$16,671$9,791-$26,462
Conferences and Meetings$10,545--$10,545
Office Expenses$10,020--$10,020
Total Functional Expenses$2,096,460$167,452$25,474$2,289,386

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,289,386
Total Expenses per Audited Statements$2,289,386
Total Expenses per Form 990$2,289,386
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
Payroll Liabilities$19,000
Accrued Interest$13,855
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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 governing body will review the 990 before presentation to the state and federal agencies.”

Conflict of interest policy compliance Part VI line 12C

“The conflict of interst policy denies the opportunity of board members or officers from serving as vendors to the fair.”

CEO executive director top management comp Part VI line 15A

“Compensation for the top management is determined by a review by the board of directors and determined after comparison analysis of similar positions at other organizations”

Other officer or key employee compensation Part VI line 15B

“There is no compensation for officers. The only key employee for management is the general manager.”

Governing documents etc available to public Part VI line 19

“Governing documents are available upon request. Currently, the association is considering uploading them on their website.”

Filing and Contact Details

Filer

Filer Name
Lake County Fair Association
EIN
36-6089769
Address
1060 E PETERSON RD, GRAYSLAKE, IL 60030

Signing Officer

Name
Pete Tekempe
Title
Treasurer
Phone
8476807200
Signed
2019-02-06
Discuss with paid preparer
No

Organization Details

Principal Officer
Kelli Repler-yarc
Formed
1928
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
34
Volunteers
50

Preparer

Firm
Rudolph CPA
Address
1870 W WINCHESTER RD STE 113, LIBERTYVILLE, IL 60048
Preparer
Arturo Rosiles CPA
Phone
8473621050
Supplemental Narrative

Additional Explanations

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

“The new auditor discovered incorrect calculats of depreciation in years predeeding october 2012. As a result, an adjustment of 647,733 was made to the net fixed assets. The offset was booked to equity. Thank you.”

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

“Combined accounting and legal fees”

List of other expenses Part IX line 24E

“Bank charges, dues, and fees”

Raw XML AppendixShowing 400 of 459 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt017981
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt010747
IRS990/AccountsReceivableGrp/BOYAmt01340
IRS990/AccountsReceivableGrp/EOYAmt010607
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE LAKE COUNTY FAIR ASSOCIATION SHALL BE FOR THE PRESERVATION OF THE PAST, PROMOTION OF THE FUTURE, AND EDUCATION ON THE FUTURE OF AGRICULTURE AND HORTICULTURE, MECHANICAL ARTS, AND THE RURAL AND DOMESTIC ECONOMIES OF THE LAKE COUNY COMMUNITY.
IRS990/AdvertisingGrp/ProgramServicesAmt039845
IRS990/AdvertisingGrp/TotalAmt039845
IRS990/AllOtherExpensesGrp/FundraisingAmt025474
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt06146
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0631414
IRS990/AllOtherExpensesGrp/TotalAmt0663034
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0PETER TEKAMPE
IRS990/BooksInCareOfDetail/PhoneNum08476807200
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01060 E PETERSON RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0GRAYSLAKE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060030
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0464855
IRS990/CashNonInterestBearingGrp/EOYAmt0546170
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt010545
IRS990/ConferencesMeetingsGrp/TotalAmt010545
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-108022
IRS990/CYOtherExpensesAmt01903895
IRS990/CYOtherRevenueAmt0773683
IRS990/CYProgramServiceRevenueAmt01300242
IRS990/CYRevenuesLessExpensesAmt0-323483
IRS990/CYSalariesCompEmpBnftPaidAmt0385491
IRS990/CYTotalExpensesAmt02289386
IRS990/CYTotalFundraisingExpenseAmt025474
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01965903
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt067014
IRS990/DeferredRevenueGrp/EOYAmt0119976
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0382049
IRS990/DepreciationDepletionGrp/TotalAmt0382049
IRS990/Desc0THE LAKE COUNTY FAIR ASSOCIATION SHALL BE FOR THE PRESERVATION OF THE PAST, PROMOTION OF THE FUTURE, AND EDUCATION ON THE FUTURE OF AGRICULTURE, HORTICULTURE, MECHANICAL ARTS, AND THE RURAL AND DOMESTIC ECONOMIES OF THE LAKE COUNTY COMMUNITY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt034
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt02096460
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt018675
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt013897
IRS990/FeesForServicesOtherGrp/TotalAmt032572
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0KELLI REPLER-YARC
IRS990/Form990PartVIISectionAGrp/PersonNm1CHRIS TURNBULL
IRS990/Form990PartVIISectionAGrp/PersonNm2PETER TEKAMPE
IRS990/Form990PartVIISectionAGrp/PersonNm3AMANDA KNOPP
IRS990/Form990PartVIISectionAGrp/PersonNm4KATHY MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm5RICH GELDEN
IRS990/Form990PartVIISectionAGrp/PersonNm6BUNNY OTREMBIAK
IRS990/Form990PartVIISectionAGrp/PersonNm7KEVIN QUINN
IRS990/Form990PartVIISectionAGrp/PersonNm8LEROY WEINBRENNER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRESURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01928
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0-109275
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0-109275
IRS990/GrossReceiptsAmt01965903
IRS990/GrossRentsGrp/RealAmt0741064
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt031562
IRS990/InsuranceGrp/TotalAmt031562
IRS990/InterestGrp/ProgramServicesAmt0221093
IRS990/InterestGrp/TotalAmt0221093
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01253
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01253
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt0126
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03326899
IRS990/LandBldgEquipBasisNetGrp/BOYAmt028175721
IRS990/LandBldgEquipBasisNetGrp/EOYAmt028257378
IRS990/LandBldgEquipCostOrOtherBssAmt031584277
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE LAKE COUNTY FAIR ASSOCIATION SHALL BE FOR THE PRESERVATION OF THE PAST, PROMOTION OF THE FUTURE, AND EDUCATION ON THE FUTURE OF AGRICULTURE AND HORTICULTURE, MECHANICAL ARTS, AND THE RURAL AND DOMESTIC ECONOMIES OF THE LAKE COUNY COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04130047
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04574025
IRS990/NetAssetsOrFundBalancesBOYAmt024408158
IRS990/NetAssetsOrFundBalancesEOYAmt024084675
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-109275
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-109275
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0741064
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0741064
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt010020
IRS990/OfficeExpensesGrp/TotalAmt010020
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09791
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016671
IRS990/OtherEmployeeBenefitsGrp/TotalAmt026462
IRS990/OtherExpensesGrp/Desc0AUCTION EXPENSE
IRS990/OtherExpensesGrp/Desc1RIDE EXPENSE
IRS990/OtherExpensesGrp/Desc2SPECIAL ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/ProgramServicesAmt0129290
IRS990/OtherExpensesGrp/ProgramServicesAmt1134362
IRS990/OtherExpensesGrp/ProgramServicesAmt2189161
IRS990/OtherExpensesGrp/ProgramServicesAmt360362
IRS990/OtherExpensesGrp/TotalAmt0129290
IRS990/OtherExpensesGrp/TotalAmt1134362
IRS990/OtherExpensesGrp/TotalAmt2189161
IRS990/OtherExpensesGrp/TotalAmt360362
IRS990/OtherLiabilitiesGrp/BOYAmt026851
IRS990/OtherLiabilitiesGrp/EOYAmt032855
IRS990/OtherRevenueMiscGrp/BusinessCd0713110
IRS990/OtherRevenueMiscGrp/BusinessCd1713110
IRS990/OtherRevenueMiscGrp/Desc0MISC VENDOR INCOME
IRS990/OtherRevenueMiscGrp/Desc1MEMBERSHIP SALES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt027409
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt15210
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt027409
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15210
IRS990/OtherRevenueTotalAmt032619
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0120489
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0205158
IRS990/OtherSalariesAndWagesGrp/TotalAmt0325647
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012351
IRS990/PayrollTaxesGrp/ProgramServicesAmt021031
IRS990/PayrollTaxesGrp/TotalAmt033382
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08135
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08123
IRS990/PrincipalOfficerNm0KELLI REPLER-YARC
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0713110
IRS990/ProgramServiceRevenueGrp/BusinessCd1713110
IRS990/ProgramServiceRevenueGrp/Desc0FAIR OPERATIONS
IRS990/ProgramServiceRevenueGrp/Desc1SPECIAL EVENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01231214
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt169028
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01231214
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt169028
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-874807
IRS990/PYOtherExpensesAmt01875428
IRS990/PYOtherRevenueAmt0780606
IRS990/PYProgramServiceRevenueAmt01152262
IRS990/PYRevenuesLessExpensesAmt0-1223869
IRS990/PYSalariesCompEmpBnftPaidAmt0406502
IRS990/PYTotalExpensesAmt02281930
IRS990/PYTotalRevenueAmt01058061
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-323483
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0741064
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01965903
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05210
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt06109
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt06440
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt017759
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01253
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0970
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0438
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02661
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02069968
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01927729
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01847301
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05844998
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01253
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0970
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0438
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02661
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99950
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt05862757
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02075178
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01933838
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01853741
IRS990ScheduleA/Total509Grp/TotalAmt05862757
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02076431
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01934808
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01854179
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05865418
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt09835214
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02105329
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt011940543
IRS990ScheduleD/EquipmentGrp/BookValueAmt0639361
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0394825
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01034186
IRS990ScheduleD/ExpensesSubtotalAmt02289386
IRS990ScheduleD/LandGrp/BookValueAmt012112654
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt012112654
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01697735
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt025252
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt01722987
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03972414
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0801493
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt04773907
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt113855
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/RevenueSubtotalAmt01965903
IRS990ScheduleD/TotalBookValueLandBuildingsAmt028257378
IRS990ScheduleD/TotalExpensesPerForm990Amt02289386
IRS990ScheduleD/TotalLiabilityAmt032855
IRS990ScheduleD/TotalRevenuePerForm990Amt01965903
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01965903
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02289386
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BODY WILL REVIEW THE 990 BEFORE PRESENTATION TO THE STATE AND FEDERAL AGENCIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTERST POLICY DENIES THE OPPORTUNITY OF BOARD MEMBERS OR OFFICERS FROM SERVING AS VENDORS TO THE FAIR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR THE TOP MANAGEMENT IS DETERMINED BY A REVIEW BY THE BOARD OF DIRECTORS AND DETERMINED AFTER COMPARISON ANALYSIS OF SIMILAR POSITIONS AT OTHER ORGANIZATIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE IS NO COMPENSATION FOR OFFICERS. THE ONLY KEY EMPLOYEE FOR MANAGEMENT IS THE GENERAL MANAGER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. CURRENTLY, THE ASSOCIATION IS CONSIDERING UPLOADING THEM ON THEIR WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE NEW AUDITOR DISCOVERED INCORRECT CALCULATS OF DEPRECIATION IN YEARS PREDEEDING OCTOBER 2012. AS A RESULT, AN ADJUSTMENT OF 647,733 WAS MADE TO THE NET FIXED ASSETS. THE OFFSET WAS BOOKED TO EQUITY. THANK YOU.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMBINED ACCOUNTING AND LEGAL FEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BANK CHARGES, DUES, AND FEES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt028650051
IRS990/TotalAssetsEOYAmt028822278
IRS990/TotalAssetsGrp/BOYAmt028650051
IRS990/TotalAssetsGrp/EOYAmt028822278
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt034
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt025474
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0167452
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02096460
IRS990/TotalFunctionalExpensesGrp/TotalAmt02289386
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04241893
IRS990/TotalLiabilitiesEOYAmt04737603
IRS990/TotalLiabilitiesGrp/BOYAmt04241893
IRS990/TotalLiabilitiesGrp/EOYAmt04737603
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt024408158
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt024084675
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02096460
IRS990/TotalProgramServiceRevenueAmt01300242

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,822,278
Liabilities
$4,737,603
Net assets
$24,084,675
Revenue
$1,965,903
Expenses
$2,289,386
Net income
-$323,483
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.7$4.69$22.0$2.82$3.17$0.35
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.2$4.89$22.3$2.61$3.08$0.47
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.8$4.96$22.8$2.65$2.63$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.8$5.03$22.8$1.10$1.46$0.37
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.0$4.82$23.1$0.81$1.40$0.58
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.4$4.66$23.7$2.09$2.46$0.36
2018Detailed filing. Detailed filing data is available for this year.$28.8$4.74$24.1$1.97$2.29$0.32
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.7$4.24$24.4$1.06$2.28$1.22
2016Detailed filing. Detailed filing data is available for this year.$31.0$5.40$25.6$1.12$2.09$0.97
2015Detailed filing. Detailed filing data is available for this year.$33.2$6.56$26.6$2.25$2.23$0.02
2014Detailed filing. Detailed filing data is available for this year.$33.2$6.59$26.6$1.84$2.15$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.0$6.65$27.4$2.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.1$6.56$28.5$1.19