Civic Intelligence

Midland County Agricultural and Horticultural Society

EIN 38-1539457 • 501(c)3 • Midland, MI

Profile

Provide fairgrounds and facilities to area residents.

6905 Eastman AveMidland, MI 48642

www.midlandfair.com

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

16th percentile

0.01x

Higher debt load relative to revenue than 16% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

77th percentile

25%

Higher net margin than 77% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

30th percentile

$74,237

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

62nd percentile

8.1%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

107%

Faster revenue growth than 92% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$7,506,431

Up $563,063 (+8.1%) from 2023

Liabilities

Down

$24,624

Down $2,510 (-9.3%) from 2023

Net Assets

Up

$7,481,807

Up $565,573 (+8.2%) from 2023

Revenue

Up

$2,249,126

Up $1,161,041 (+107%) from 2023

Expenses

Up

$1,683,553

Up $126,813 (+8.1%) from 2023

Net Income

Up

$565,573

Up $1,034,228 (+221%) from 2023

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $5,194,346Liabilities 2010: $6,648Net Assets 2010: $5,187,6982010Assets 2011: $5,046,494Liabilities 2011: $6,648Net Assets 2011: $5,039,8462011Assets 2012: $5,041,761Liabilities 2012: $0Net Assets 2012: $5,041,7612012Assets 2013: $4,921,852Liabilities 2013: $0Net Assets 2013: $4,921,8522013Assets 2014: $4,810,518Liabilities 2014: $0Net Assets 2014: $4,810,5182014Assets 2015: $4,725,538Liabilities 2015: $0Net Assets 2015: $4,725,5382015Assets 2016: $4,521,945Liabilities 2016: $0Net Assets 2016: $4,521,9452016Assets 2017: $4,477,634Liabilities 2017: $0Net Assets 2017: $4,477,6342017Assets 2018: $4,432,284Liabilities 2018: $51,723Net Assets 2018: $4,380,5612018Assets 2019: $6,062,575Liabilities 2019: $51,885Net Assets 2019: $6,010,6902019Assets 2020: $5,790,516Liabilities 2020: $92,744Net Assets 2020: $5,697,7722020Assets 2021: $7,364,904Liabilities 2021: $53,431Net Assets 2021: $7,311,4732021Assets 2022: $7,456,464Liabilities 2022: $71,576Net Assets 2022: $7,384,8882022Assets 2023: $6,943,368Liabilities 2023: $27,134Net Assets 2023: $6,916,2342023Assets 2024: $7,506,431Liabilities 2024: $24,624Net Assets 2024: $7,481,8072024

Highlighted filing

2024

Assets$7,506,431
Liabilities$24,624
Net Assets$7,481,807

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,387,3622010Expenses 2011: $1,440,1562011Expenses 2012: $1,025,6342012Revenue 2013: $1,253,307Expenses 2013: $1,373,216Net Income 2013: -$119,9092013Revenue 2014: $1,064,809Expenses 2014: $1,176,143Net Income 2014: -$111,3342014Revenue 2015: $964,829Expenses 2015: $1,049,809Net Income 2015: -$84,9802015Revenue 2016: $1,007,076Expenses 2016: $1,210,669Net Income 2016: -$203,5932016Revenue 2017: $922,706Expenses 2017: $967,017Net Income 2017: -$44,3112017Revenue 2018: $981,581Expenses 2018: $1,049,222Net Income 2018: -$67,6412018Revenue 2019: $2,894,716Expenses 2019: $1,264,593Net Income 2019: $1,630,1232019Revenue 2020: $541,894Expenses 2020: $854,812Net Income 2020: -$312,9182020Revenue 2021: $2,725,183Expenses 2021: $1,111,482Net Income 2021: $1,613,7012021Revenue 2022: $1,449,428Expenses 2022: $1,376,012Net Income 2022: $73,4162022Revenue 2023: $1,088,085Expenses 2023: $1,556,740Net Income 2023: -$468,6552023Revenue 2024: $2,249,126Expenses 2024: $1,683,553Net Income 2024: $565,5732024

Highlighted filing

2024

Revenue$2,249,126
Expenses$1,683,553
Net Income$565,573

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.51$0.02$7.48$2.25$1.68$0.57
2023Detailed filing. Detailed filing data is available for this year.$6.94$0.03$6.92$1.09$1.56$0.47
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.46$0.07$7.38$1.45$1.38$0.07
2021Detailed filing. Detailed filing data is available for this year.$7.36$0.05$7.31$2.73$1.11$1.61
2020Detailed filing. Detailed filing data is available for this year.$5.79$0.09$5.70$0.54$0.85$0.31
2019Detailed filing. Detailed filing data is available for this year.$6.06$0.05$6.01$2.89$1.26$1.63
2018Detailed filing. Detailed filing data is available for this year.$4.43$0.05$4.38$0.98$1.05$0.07
2017Detailed filing. Detailed filing data is available for this year.$4.48$0.00$4.48$0.92$0.97$0.04
2016Detailed filing. Detailed filing data is available for this year.$4.52$0.00$4.52$1.01$1.21$0.20
2015Detailed filing. Detailed filing data is available for this year.$4.73$0.00$4.73$0.96$1.05$0.08
2014Detailed filing. Detailed filing data is available for this year.$4.81$0.00$4.81$1.06$1.18$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.92$0.00$4.92$1.25$1.37$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.04$0.00$5.04$1.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.05$0.01$5.04$1.44
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.19$0.01$5.19$1.39
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2023 to Oct 31, 2024
Signed
Sep 17, 2025
Return Version
2023v6.0
Gross Receipts
$2,249,126
Mission and Program Overview

Mission

Provide fairgrounds and facilities to area residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,100,521$5,881,700▼ $218,821
Savings and Temporary Cash Investments$329,316$1,464,039▲ $1,134,723
Accounts Receivable$53,963$83,176▲ $29,213
Cash and Non-Interest-Bearing Accounts$455,568$55,854▼ $399,714
Total Assets$6,943,368$7,506,431▲ $563,063
Other Assets Total$4,000$21,662▲ $17,662
Liabilities
Accounts Payable and Accrued Expenses$11,544$12,723▲ $1,179
Other Liabilities$15,590$11,901▼ $3,689
Total Liabilities$27,134$24,624▼ $2,510
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,916,234$7,481,807▲ $565,573
Total Net Assets Fund Balance$6,916,234$7,481,807▲ $565,573
Total Liabilities and Net Assets / Fund Balance$6,943,368$7,506,431▲ $563,063

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,507,571$4,944,739-
Other Land Buildings$229,574$596,029-
Equipment$84,879$269,767-
Leasehold Improvements$1,059,676$1,816,108-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nicolas HallManagerFT$74,237$74,237

Board Members and Trustees

NameTitle
Margaret WegnerPresident
Jason Murray1st Vice President
Kelly Gray2nd Vice President
Abby TerwillegarDirector
Dawn ZaskeDirector
Don AngerDirector
Eric MillerDirector
Helena HickersonDirector
Jeff CainDirector
Phil SternDirector
Roxanne WheelerDirector
Wayne DravesDirector
Ryan GarrettAssistant Treasurer
Pam KastlSecretary
Karen BonhamTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$858,634
Program Service Revenue
$1,342,985
Investment Income
$41,885
Other Revenue
$5,622
All Other Contributions
$858,634
Change in Net Assets
$565,573

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,249,126
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,249,126
Total Revenue per Form 990
$2,249,126
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,248,513
Salaries, Compensation, and Employee Benefits$435,040
Total Fundraising Expense$29,740
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$333,099$27,758$9,253$370,110
Other Salaries and Wages$268,805$30,546$6,109$305,460
All Other Expenses$200,322$25,357$2,093$227,772
Insurance$83,431$6,953$2,317$92,701
Current Officers, Directors, Trustees, and Key Employees$65,328$7,424$1,485$74,237
Occupancy$53,113$4,426$1,475$59,014
Other Expenses$64,560$57,707$2,948$57,707
Advertising$41,754$4,745$949$47,448
Office Expenses$41,462$4,712$942$47,116
Payroll Taxes$25,561$2,905$581$29,047
Other Employee Benefits$23,140$2,630$526$26,296
Information Technology$23,306$1,942$647$25,895
Conferences and Meetings$18,108$2,057$412$20,577
Travel$134$15$3$152
Total Functional Expenses$1,465,791$188,022$29,740$1,683,553

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,683,553
Total Expenses per Audited Statements$1,683,553
Total Expenses per Form 990$1,683,553
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Accrued Payroll$9,934
Payroll Tax Payable$1,638
Credit Card Payable$329
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
Yes
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, Part VI, Section A, Line 6

All members may vote on the governing body.

Form 990, Part VI, Section A, Line 7A

All members may vote on the governing body.

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

The board reviews the 990 before filing.

Form 990, Part VI, Section B, Line 12C

An initial policyis signed by each board member when elected. Board members abstain from voting on items with conflicts of interest.

Form 990, Part VI, Section B, Line 15A

The personnel committee determines compensation for the top paid employees and reports to the board of directors annually. This process may include, but is not limited to, compensation surverys from the iafe, mafe, and phone calls to other similar organizations concerning compensation packages.

Form 990, Part VI, Section C, Line 19

Governing documents are made available to members upon request.

Filing and Contact Details

Filer

Filer Name
Midland County Agricultural and
EIN
38-1539457
Phone
9898357901
Address
6905 EASTMAN AVE, MIDLAND, MI 48642

Signing Officer

Name
Nicolas Hall
Title
Manager
Phone
9898357901
Signed
2025-09-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicolas Hall
Formed
1948
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
14
Employees
34
Volunteers
125

Preparer

Firm
Grapp Lerash LLC
Address
122 S HAMILTON ST SUITE 2, SAGINAW, MI 48602-2013
Preparer
Kaleb Grapp
Phone
9893271400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Fuel and oil: program service expenses 29,528. Management and general expenses 3,356. Fundraising expenses 671. Total expenses 33,555. Equipment rental: program service expenses 27,102. Management and general expenses 3,080. Fundraising expenses 616. Total expenses 30,798. Miscellaneous talent: program service expenses 29,675. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,675. Parking: program service expenses 22,407. Management and general expenses 1,867. Fundraising expenses 622. Total expenses 24,896. Premiums: program service expenses 24,661. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,661. Grandstand equipment: program service expenses 19,669. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,669. Bank charges: program service expenses 0. Management and general expenses 16,142. Fundraising expenses 0. Total expenses 16,142. Ribbons and trophies: program service expenses 15,893. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,893. Judging: program service expenses 12,501. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,501. Exhibits: program service expenses 10,846. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,846. Membership and subscriptions: program service expenses 5,558. Management and general expenses 630. Fundraising expenses 128. Total expenses 6,316. Meals: program service expenses 2,482. Management and general expenses 282. Fundraising expenses 56. Total expenses 2,820.

Financial Statement Notes

PART X, LINE 2:

The fair is a not-for-profit organization exempt from federal income tax under section 501(a) of the internal revenue code, as an organization described in section 501(c)(3); the fair is similarly exempt from state income taxes. Despite the general exemption from income taxation, the fair is subject to federal and state income tax at corporate rates on its unrelated business income. Fasb asc 740, income taxes, prescribes a comprehensive model for how an institution should recognize, measure, present, and disclose in its financial statements uncertain tax positions that the institution has taken or expects to take on a tax return. Management has analyzed the tax positions taken by the fair and has concluded that as of october 31, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of an asset, liability, or disclosure in the financial statements. Additionally, the fair has been determined by the internal revenue service not to be a private foundation within the meaning described in section 509(a) of the internal revenue code. Management believes that there was no unrelated business income for the year ended october 31, 2024.

Raw XML AppendixShowing 400 of 559 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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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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