Civic Intelligence

Monroe County Fair Assn

990 • Fiscal year 2023 • EIN 37-6026716

Oct 01, 2022 to Sep 30, 2023 • Filed on Jan 03, 2024

Box 189Waterloo, IL 62298

(618) 458-6658

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

23rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Net Margin

72nd percentile

15%

Higher net margin than 72% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Asset Growth

51st percentile

5.0%

Faster asset growth than 51% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

11th percentile

-16%

Faster revenue growth than 11% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,744,611

Up $82,457 (+5.0%) from 2022

Net Assets

Up

$1,744,611

Up $82,457 (+5.0%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$542,319

Down $100,323 (-16%) from 2022

Expenses

Up

$459,862

Up $1,099 (+0.2%) from 2022

Net Income

Down

$82,457

Down $101,422 (-55%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $742,160Liabilities 2011: $2,023Net Assets 2011: $740,1372011Assets 2012: $792,777Liabilities 2012: $2,023Net Assets 2012: $790,7542012Assets 2013: $932,627Liabilities 2013: $30,000Net Assets 2013: $902,6272013Assets 2014: $938,731Liabilities 2014: $0Net Assets 2014: $938,7312014Assets 2015: $1,152,074Liabilities 2015: $0Net Assets 2015: $1,152,0742015Assets 2016: $1,183,200Liabilities 2016: $0Net Assets 2016: $1,183,2002016Assets 2017: $1,238,012Liabilities 2017: $0Net Assets 2017: $1,238,0122017Assets 2018: $1,272,877Liabilities 2018: $0Net Assets 2018: $1,272,8772018Assets 2019: $1,407,692Liabilities 2019: $0Net Assets 2019: $1,407,6922019Assets 2020: $1,390,105Liabilities 2020: $0Net Assets 2020: $1,390,1052020Assets 2021: $1,478,275Liabilities 2021: $0Net Assets 2021: $1,478,2752021Assets 2022: $1,662,154Liabilities 2022: $0Net Assets 2022: $1,662,1542022Assets 2023: $1,744,611Liabilities 2023: $0Net Assets 2023: $1,744,6112023Assets 2024: $1,821,770Liabilities 2024: $0Net Assets 2024: $1,821,7702024

Highlighted filing

2023

Assets$1,744,611
Liabilities$0
Net Assets$1,744,611

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $288,3282011Expenses 2012: $280,2612012Revenue 2013: $397,016Expenses 2013: $314,875Net Income 2013: $82,1412013Revenue 2014: $380,572Expenses 2014: $344,468Net Income 2014: $36,1042014Revenue 2015: $546,534Expenses 2015: $333,191Net Income 2015: $213,3432015Revenue 2016: $411,664Expenses 2016: $380,538Net Income 2016: $31,1262016Revenue 2017: $430,738Expenses 2017: $375,926Net Income 2017: $54,8122017Revenue 2018: $419,898Expenses 2018: $385,033Net Income 2018: $34,8652018Revenue 2019: $505,568Expenses 2019: $370,753Net Income 2019: $134,8152019Revenue 2020: $124,768Expenses 2020: $142,355Net Income 2020: -$17,5872020Revenue 2021: $483,883Expenses 2021: $395,713Net Income 2021: $88,1702021Revenue 2022: $642,642Expenses 2022: $458,763Net Income 2022: $183,8792022Revenue 2023: $542,319Expenses 2023: $459,862Net Income 2023: $82,4572023Revenue 2024: $631,275Expenses 2024: $554,115Net Income 2024: $77,1602024

Highlighted filing

2023

Revenue$542,319
Expenses$459,862
Net Income$82,457
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Jan 3, 2024
Return Version
2022v5.0
Gross Receipts
$542,319
Mission and Program Overview

Mission

To promote the developement of the resources of monroe county, illinois, in all lines of agriculture, home economics, education, and business through the medium of an annual county fair.

THE MONROE COUNTY FAIR

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,315,160$1,406,168▲ $91,008
Savings and Temporary Cash Investments$270,477$271,804▲ $1,327
Cash and Non-Interest-Bearing Accounts$76,517$66,639▼ $9,878
Total Assets$1,662,154$1,744,611▲ $82,457
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,662,154$1,744,611▲ $82,457
Total Net Assets Fund Balance$1,662,154$1,744,611▲ $82,457
Total Liabilities and Net Assets / Fund Balance$1,662,154$1,744,611▲ $82,457

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$922,333$793,455-
Land$408,295--
Equipment$75,540$150,354-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Donald SchraderPresident
Ronald MuellerVice President
Avery WheatBoard Member
Bob EichelmannBoard Member
Brad NobbeBoard Member
Brian GarlebBoard Member
Craig SchultheisBoard Member
Curt SondagBoard Member
Don RustebergBoard Member
Dorothy SchillingBoard Member
Erich AlbersBoard Member
Henry WickleinBoard Member
Pam JacobsBoard Member
Ronald NiebrueggeBoard Member
Shane StechmesserBoard Member
Zach HollisBoard Member
Gary BaumBoard Memeber
Chris EschmannBoardmember
Duane HergenroederGrounds Manager
Lisa SchwarzeSecretary
Richard WoodcockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$72,188
Program Service Revenue
$422,057
Investment Income
$12,264
Other Revenue
$35,810
All Other Contributions
$1,705
Change in Net Assets
$82,457

Audited Revenue Reconciliation

Revenue per Audited Statements
$542,319
Total Revenue per Audited Statements
$542,319
Total Revenue per Form 990
$542,319
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$459,862
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
Depreciation Depletion$69,019$7,667$0$76,686
Insurance$49,824$1,063$0$50,887
Occupancy$43,439$1,812$0$45,251
Fees for Services Other$33,900$0$0$33,900
Advertising$7,904$0$0$7,904
Office Expenses$3,367$3,367$0$6,734
Other Expenses$3,340$0$0$3,340
Interest$0$583$0$583
Total Functional Expenses$445,370$14,492$0$459,862

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$459,862
Total Expenses per Audited Statements$459,862
Total Expenses per Form 990$459,862
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Monroe County Fair
EIN
37-6026716
Phone
6184586658
Address
BOX 189, WATERLOO, IL 62298
Doing Business As
Monroe County Fair

Signing Officer

Name
Richard Woodcock
Title
Treasurer
Phone
6184586658
Signed
2024-01-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Schrader
Formed
1948
Legal Domicile
Il
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
200

Preparer

Firm
Howell Financial Services Inc
Address
1101 NORTH MARKET STREET PO BOX 376, SPARTA, IL 62286
Preparer
Gregory H Adams
Phone
6184432395
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Several board members are related

Pt VI, Line 6

The monroe county fair association members

Pt VI, Line 7A

The monroe county fair association members elect the board

Pt VI, Line 7B

The members approve a budget for the board. If said budget needs to be exceeded, member approval is required.

Pt VI, Line 8A

Each meeting is documented by the secretary

Pt VI, Line 8B

Each meeting is documented by the secretary

Pt VI, Line 11B

The board makes the return available to members upon request. Officers review the return at board meetings.

Pt VI, Line 18

All documents are available upon request

Pt VI, Line 19

Available upon request by contacting the board of directors

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/InsuranceGrp/ProgramServicesAmt049824
IRS990/InsuranceGrp/TotalAmt050887
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt0583
IRS990/InterestGrp/ProgramServicesAmt00
IRS990/InterestGrp/TotalAmt0583
IRS990/InvestmentIncomeGrp/ExclusionAmt012264
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt012264
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0943809
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01315160
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01406168
IRS990/LandBldgEquipCostOrOtherBssAmt02349977
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROMOTE THE DEVELOPEMENT OF THE RESOURCES OF MONROE COUNTY, ILLINOIS, IN ALL LINES OF AGRICULTURE, HOME ECONOMICS, EDUCATION, AND BUSINESS THROUGH THE MEDIUM OF AN ANNUAL COUNTY FAIR.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01662154
IRS990/NetAssetsOrFundBalancesEOYAmt01744611
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt035810
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt035810
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01662154
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01744611
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01812
IRS990/OccupancyGrp/ProgramServicesAmt043439
IRS990/OccupancyGrp/TotalAmt045251
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03367
IRS990/OfficeExpensesGrp/ProgramServicesAmt03367
IRS990/OfficeExpensesGrp/TotalAmt06734
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0EVENTS EXPENSES
IRS990/OtherExpensesGrp/Desc1REPARIS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2FUEL
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt0210657
IRS990/OtherExpensesGrp/ProgramServicesAmt123920
IRS990/OtherExpensesGrp/ProgramServicesAmt23340
IRS990/OtherExpensesGrp/TotalAmt0210657
IRS990/OtherExpensesGrp/TotalAmt123920
IRS990/OtherExpensesGrp/TotalAmt23340
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DONALD SCHRADER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/Desc0MONROE COUNTY FAIR
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0422057
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0105564
IRS990/PYInvestmentIncomeAmt010241
IRS990/PYOtherExpensesAmt0458763
IRS990/PYOtherRevenueAmt022160
IRS990/PYProgramServiceRevenueAmt0504677
IRS990/PYRevenuesLessExpensesAmt0183879
IRS990/PYTotalExpensesAmt0458763
IRS990/PYTotalRevenueAmt0642642
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt082457
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt035810
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0457867
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0270477
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0271804
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0922333
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0793455
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01715788
IRS990ScheduleD/EquipmentGrp/BookValueAmt075540
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0150354
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0225894
IRS990ScheduleD/ExpensesSubtotalAmt0459862
IRS990ScheduleD/LandGrp/BookValueAmt0408295
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0408295
IRS990ScheduleD/RevenueSubtotalAmt0542319
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01406168
IRS990ScheduleD/TotalExpensesPerForm990Amt0459862
IRS990ScheduleD/TotalRevenuePerForm990Amt0542319
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0542319
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0459862
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEVERAL BOARD MEMBERS ARE RELATED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MONROE COUNTY FAIR ASSOCIATION MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MONROE COUNTY FAIR ASSOCIATION MEMBERS ELECT THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS APPROVE A BUDGET FOR THE BOARD. IF SAID BUDGET NEEDS TO BE EXCEEDED, MEMBER APPROVAL IS REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH MEETING IS DOCUMENTED BY THE SECRETARY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EACH MEETING IS DOCUMENTED BY THE SECRETARY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD MAKES THE RETURN AVAILABLE TO MEMBERS UPON REQUEST. OFFICERS REVIEW THE RETURN AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8AVAILABLE UPON REQUEST BY CONTACTING THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01662154
IRS990/TotalAssetsEOYAmt01744611
IRS990/TotalAssetsGrp/BOYAmt01662154
IRS990/TotalAssetsGrp/EOYAmt01744611
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt072188
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014492

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.82$0.00$1.82$0.63$0.55$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$0.54$0.46$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.66$0.00$1.66$0.64$0.46$0.18
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.48$0.00$1.48$0.48$0.40$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.39$0.00$1.39$0.12$0.14$0.02
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.41$0.00$1.41$0.51$0.37$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.27$0.00$1.27$0.42$0.39$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.00$1.24$0.43$0.38$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.00$1.18$0.41$0.38$0.03
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.15$0.00$1.15$0.55$0.33$0.21
2014Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$0.38$0.34$0.04
2013Summary only. Only limited summary data is available for this year.$0.93$0.03$0.90$0.40$0.31$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.00$0.79$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.00$0.74$0.29