Civic Intelligence

Sangamon County Fair and Agriculture Association

990 • Fiscal year 2022 • EIN 37-0805584

Dec 01, 2021 to Nov 30, 2022 • Filed on Jun 02, 2023

PO Box 147 317 West BirchNew Berlin, IL 62670

(217) 488-2685

Siviq Scores

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

Liabilities / Assets

81st percentile

0.32x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

70th percentile

0.12x

Higher debt load relative to revenue than 70% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

19th percentile

-14%

Higher net margin than 19% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

57th percentile

$15,600

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

26th percentile

-7.5%

Faster asset growth than 26% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

16th percentile

-26%

Faster revenue growth than 16% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$235,615

Down $19,055 (-7.5%) from 2021

Net Assets

Down

$160,043

Down $86,822 (-35%) from 2021

Liabilities

Up

$75,572

Up $67,767 (+868%) from 2021

Revenue

Down

$618,277

Down $216,104 (-26%) from 2021

Expenses

Up

$705,099

Up $46,227 (+7.0%) from 2021

Net Income

Down

-$86,822

Down $262,331 (-149%) from 2021

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2016: $370,934Liabilities 2016: $121,178Net Assets 2016: $249,7562016Assets 2017: $318,758Liabilities 2017: $120,818Net Assets 2017: $197,9402017Assets 2018: $298,396Liabilities 2018: $170,750Net Assets 2018: $127,6462018Assets 2019: $277,315Liabilities 2019: $253,095Net Assets 2019: $24,2202019Assets 2020: $219,951Liabilities 2020: $148,595Net Assets 2020: $71,3562020Assets 2021: $254,670Liabilities 2021: $7,805Net Assets 2021: $246,8652021Assets 2022: $235,615Liabilities 2022: $75,572Net Assets 2022: $160,0432022Assets 2023: $223,451Liabilities 2023: $49,429Net Assets 2023: $174,0222023Assets 2024: $227,781Liabilities 2024: $469Net Assets 2024: $227,3122024Assets 2025: $179,356Liabilities 2025: $25,664Net Assets 2025: $153,6922025

Highlighted filing

2022

Assets$235,615
Liabilities$75,572
Net Assets$160,043

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $576,546Expenses 2016: $716,125Net Income 2016: -$139,5792016Revenue 2017: $538,931Expenses 2017: $590,747Net Income 2017: -$51,8162017Revenue 2018: $489,236Expenses 2018: $559,530Net Income 2018: -$70,2942018Revenue 2019: $588,452Expenses 2019: $691,878Net Income 2019: -$103,4262019Revenue 2020: $207,315Expenses 2020: $160,179Net Income 2020: $47,1362020Revenue 2021: $834,381Expenses 2021: $658,872Net Income 2021: $175,5092021Revenue 2022: $618,277Expenses 2022: $705,099Net Income 2022: -$86,8222022Revenue 2023: $597,703Expenses 2023: $583,724Net Income 2023: $13,9792023Revenue 2024: $666,239Expenses 2024: $612,949Net Income 2024: $53,2902024Revenue 2025: $503,272Expenses 2025: $576,892Net Income 2025: -$73,6202025

Highlighted filing

2022

Revenue$618,277
Expenses$705,099
Net Income-$86,822
Jump To
Filing Snapshot
Filing Period
Dec 1, 2021 to Nov 30, 2022
Signed
Jun 2, 2023
Return Version
2021v4.2
Gross Receipts
$650,346
Mission and Program Overview

Mission

To carry on activities of an agricultural, cultural, educational and scientific nature tending to foster, encourage and promote improvement in soil, crops, livestock, poultry and education. This is accomplished by holding annual fairs and other activities of an agricultural and horticultural nature.

To carry on activities of an agricultural, educational and scientific nature tending to foster, encourage and promote improvement in soil, crops, livestock, poultry and education. This is accomplished by holding annual fairs and other activities of an agricultural and horticultural nature.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$137,679$203,154▲ $65,475
Cash and Non-Interest-Bearing Accounts$116,991$32,461▼ $84,530
Total Assets$254,670$235,615▼ $19,055
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$73,900▲ $73,900
Other Liabilities$7,805$1,672▼ $6,133
Total Liabilities$7,805$75,572▲ $67,767
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$246,865$160,043▼ $86,822
Total Net Assets Fund Balance$246,865$160,043▼ $86,822
Total Liabilities and Net Assets / Fund Balance$254,670$235,615▼ $19,055

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$173,033$654,064$827,097
Equipment$327$463,890$464,217
Land$29,794-$29,794
Other Land Buildings$0$9,617$9,617
Compensation and Service Providers

Employees

NameTitleBaseTotal
Dill RondaDirector$15,600$15,600

Board Members and Trustees

NameTitle
Pierceall RoyPresident
Sander BeckyVice President
Bossert MaureenDirector
Burrell JessieDirector
Cummings DarrinDirector
Don KloppeDirector
Edwards ShariDirector
Fromme JackDirector
Huffman JimDirector
Ingram KerryDirector
King KatieDirector
Komnick JasonDirector
Krone EthanDirector
Marr MartinDirector
Morrison David LDirector
Morrison MacyDirector
Pfeffer BarbDirector
Pierceall PeteDirector
Rahe JosephDirector
Vanhoos JeffDirector
Kloppe TrennaSecretary
Blankenship NancyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$162,598
Program Service Revenue
$225,701
Investment Income
$6
Other Revenue
$229,972
All Other Contributions
$121,319
Change in Net Assets
$-86,822

Audited Revenue Reconciliation

Revenue per Audited Statements
$618,277
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$32,069
Total Revenue per Audited Statements
$650,346
Total Revenue per Form 990
$618,277
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$634,675
Salaries, Compensation, and Employee Benefits$70,424
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$42,427$27,997-$70,424
All Other Expenses$46,337$12,798-$59,135
Insurance$39,541--$39,541
Other Expenses$29,247--$29,247
Advertising$19,680--$19,680
Depreciation Depletion$15,024--$15,024
Fees for Services Accounting-$9,031-$9,031
Office Expenses-$1,570-$1,570
Interest-$1,041-$1,041
Total Functional Expenses$652,662$52,437$0$705,099

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$737,168
Expenses per Audited Statements$705,099
Total Expenses per Form 990$705,099
Expenses Not Reported on Form 990$32,069
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$12,075
Fundraising Direct Expenses$3,347
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Adam KloppeRelative of Board MemberWages Paid During 2022No$1,991
Megan Dill - PrusakRelative of Board MemberWages Paid During 2022No$1,827
Kayla KeetonRelative of Board MemberWages Paid During 2022No$987
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Miscellaneous Withholdings$1,672
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
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, Part VI, Section A, Line 2

Pete pierceall is roy piereall's father david morrison is macy morrison's father-in-law trenna kloppe and don kloppe are married

Form 990, Part VI, Section B, Line 11B

The 990 is presented during a monthly board meeting and held for comment through the next monthly meeting.

Form 990, Part VI, Section C, Line 19

The fair makes these documents available upon request.

Filing and Contact Details

Filer

Filer Name
Sangamon County Fair &
EIN
37-0805584
Phone
2174882685
Address
PO BOX 147 317 WEST BIRCH, NEW BERLIN, IL 62670

Signing Officer

Name
Roy Pierceall
Title
President
Phone
2174882685
Signed
2023-06-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roy Pierceall
Formed
1949
Legal Domicile
Il
Voting Board Members
23
Independent Board Members
23
Employees
11
Volunteers
0

Preparer

Firm
Kerber Eck & Braeckel Llp
Address
3200 ROBBINS ROAD STE 200A, SPRINGFIELD, IL 62704
Preparer
Kathleen O Ward
Phone
2177890960
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The fair is a tax-exempt organization under section 501(c)(3) of the internal revenue code and, as such, is exempt from federal income taxes under section 501(a) of the code. The fair has recognized in the financial statements the effects of all tax positions and continually evaluates expiring statutes of limitations, audits, changes in tax law, and new authoritative rulings. The fair is not aware of any circumstances or events that make it reasonably possible that unrecognized tax benefits may increase or decrease within 12 months of the statement of financial position date. Penalties and interest assessed by taxing authorities are included in the fair's expenses, if applicable. There were no interest or penalties paid during the years ended november 30, 2022 and 2021.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
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