Civic Intelligence

Osceola County 4-H & Ffa Fair

990 • Fiscal year 2019 • EIN 38-2471005

Oct 01, 2018 to Sep 30, 2019 • Filed on Jun 19, 2020

PO Box 346Evart, MI 49631

(231) 734-5481

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

15th percentile

-18%

Higher net margin than 15% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

38th percentile

$10,425

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

26th percentile

-2.9%

Faster asset growth than 26% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

75th percentile

21%

Faster revenue growth than 75% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,054,911

Down $62,451 (-2.9%) from 2018

Net Assets

Down

$2,052,547

Down $64,815 (-3.1%) from 2018

Liabilities

Up

$2,364

Up $2,364 from 2018

Revenue

Up

$196,809

Up $34,011 (+21%) from 2018

Expenses

Down

$232,015

Down $13,372 (-5.4%) from 2018

Net Income

Up

-$35,206

Up $47,383 (+57%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,516,126Liabilities 2010: $1,363Net Assets 2010: $2,514,7632010Assets 2011: $2,427,434Liabilities 2011: $358Net Assets 2011: $2,427,0762011Assets 2012: $2,287,541Liabilities 2012: $2,465Net Assets 2012: $2,285,0762012Assets 2016: $2,089,613Liabilities 2016: $0Net Assets 2016: $2,089,6132016Assets 2017: $2,113,258Liabilities 2017: $0Net Assets 2017: $2,113,2582017Assets 2018: $2,117,362Liabilities 2018: $0Net Assets 2018: $2,117,3622018Assets 2019: $2,054,911Liabilities 2019: $2,364Net Assets 2019: $2,052,5472019Assets 2020: $2,122,549Liabilities 2020: $1,725Net Assets 2020: $2,120,8242020Assets 2021: $2,237,103Liabilities 2021: $0Net Assets 2021: $2,237,1032021Assets 2022: $1,942,074Liabilities 2022: $0Net Assets 2022: $1,942,0742022Assets 2023: $2,103,997Liabilities 2023: $0Net Assets 2023: $2,103,9972023Assets 2024: $2,175,960Liabilities 2024: $0Net Assets 2024: $2,175,9602024

Highlighted filing

2019

Assets$2,054,911
Liabilities$2,364
Net Assets$2,052,547

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $258,3152010Expenses 2011: $255,3272011Expenses 2012: $258,3172012Revenue 2016: $186,010Expenses 2016: $236,634Net Income 2016: -$50,6242016Revenue 2017: $174,438Expenses 2017: $237,210Net Income 2017: -$62,7722017Revenue 2018: $162,798Expenses 2018: $245,387Net Income 2018: -$82,5892018Revenue 2019: $196,809Expenses 2019: $232,015Net Income 2019: -$35,2062019Revenue 2020: $80,972Expenses 2020: $157,671Net Income 2020: -$76,6992020Revenue 2021: $175,734Expenses 2021: $210,471Net Income 2021: -$34,7372021Revenue 2022: $141,473Expenses 2022: $301,592Net Income 2022: -$160,1192022Revenue 2023: $314,524Expenses 2023: $222,374Net Income 2023: $92,1502023Revenue 2024: $146,887Expenses 2024: $238,121Net Income 2024: -$91,2342024

Highlighted filing

2019

Revenue$196,809
Expenses$232,015
Net Income-$35,206
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jun 19, 2020
Return Version
2018v3.2
Gross Receipts
$196,809
Mission and Program Overview

Mission

To conduct annually a county fair at a suitable fairgrounds for all of our area youth

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,086,388$1,000,767▼ $85,621
Land, Buildings, and Equipment, Net$1,022,533$997,978▼ $24,555
Cash and Non-Interest-Bearing Accounts$7,820$55,545▲ $47,725
Savings and Temporary Cash Investments$621$621→ $0
Total Assets$2,117,362$2,054,911▼ $62,451
Liabilities
Accounts Payable and Accrued Expenses-$2,364-
Total Liabilities$0$2,364▲ $2,364
Net Assets / Fund Balance
Unrestricted Net Assets$2,117,362$2,052,547▼ $64,815
Total Net Assets Fund Balance$2,117,362$2,052,547▼ $64,815
Total Liabilities and Net Assets / Fund Balance$2,117,362$2,054,911▼ $62,451

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$657,076$1,187,847$1,844,923
Land$307,250-$307,250
Leasehold Improvements$14,632$248$14,880
Buildings$14,391$244$14,635
Equipment$4,629$171$4,800
Other Securities$439,353--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rick ShermanPresidentPT$10,425$10,425
Cheryl ShermanDirector-$9,875$9,875
Sally EatonTreasurerPT$1,855$1,855
Mary Maddern SkinnerAssistant Tr-$1,120$1,120

Board Members and Trustees

NameTitle
Carrolin RuppertDirector
Jeff ReaganDirector
Jodi DrillingDirector
Kathy MorrenDirector
Linda BieriDirector
Megan ManeyDirector
Ronda HemmenwayDirector
Sherry GarrettDirector
Sherry Wood StiegDirector
Wayne EversoleDirector
Sandy HolderSecretary
Dave ElderVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$13,841
Program Service Revenue
$149,191
Investment Income
$33,777
Other Revenue
$0
All Other Contributions
$11,706
Change in Net Assets
$-35,206

Audited Revenue Reconciliation

Revenue per Audited Statements
$196,809
Total Revenue per Audited Statements
$196,809
Total Revenue per Form 990
$196,809
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$232,015
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$58,870--$58,870
Occupancy$38,637--$38,637
Fees for Services Other$38,590--$38,590
All Other Expenses$8,571$6,538-$15,109
Insurance$11,032--$11,032
Office Expenses$6,891--$6,891
Other Expenses$6,415--$6,415
Conferences and Meetings-$4,204-$4,204
Advertising$2,250--$2,250
Fees for Services Accounting-$1,050-$1,050
Total Functional Expenses$220,223$11,792$0$232,015

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$232,015
Total Expenses per Audited Statements$232,015
Total Expenses per Form 990$232,015
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
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

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Rick sherman cheryl sherman president director married

Form 990, Page 6, Part VI, Line 7A

The members elect the board of directors.

Form 990, Page 6, Part VI, Line 7B

The members approve the budget at the annual meeting.

Form 990, Page 6, Part VI, Line 11B

The treasurer along with the finance committee reviews the form 990 prior to filing.

Form 990, Page 6, Part VI, Line 19

Governing documents are available at the fairgrounds office and made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Osceola County 4-h & Ffa Fair
EIN
38-2471005
Phone
2317345481
Address
PO BOX 346, EVART, MI 49631

Signing Officer

Name
Rick Sherman
Title
President
Phone
2317345481
Signed
2020-06-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Sherman
Formed
1947
Legal Domicile
Mi
Voting Board Members
16
Independent Board Members
16
Employees
0

Preparer

Firm
H&s Companies Pc
Address
103 S CHESTNUT ST, REED CITY, MI 49677
Preparer
Corinna Hervey
Phone
2318322799
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

To conduct annually a county fair at a suitable fairgrounds for all of our area youth.

Form 990, Part IX, Line 11G

Contracted services 38,590 0 0

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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0149191
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0149191
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO CONDUCT ANNUALLY A COUNTY FAIR AT A SUITABLE FAIRGROUNDS FOR ALL OF OUR AREA YOUTH.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt023429
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0245387
IRS990/PYProgramServiceRevenueAmt0139369
IRS990/PYRevenuesLessExpensesAmt0-82589
IRS990/PYTotalExpensesAmt0245387
IRS990/PYTotalRevenueAmt0162798
IRS990/ReconcilationRevenueExpnssAmt0-35206
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0149191
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0621
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0621
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt013841
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt023429
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt016157
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt031434
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt015995
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0100856
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt043287
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt043287
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0182968
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0139369
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0158281
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0154576
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0145714
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0780908
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt043287
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt043287
IRS990ScheduleA/InvestmentIncomeCYPct00.05000
IRS990ScheduleA/InvestmentIncomePYPct00.09000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95320
IRS990ScheduleA/PublicSupportPY509Pct00.90740
IRS990ScheduleA/PublicSupportTotal509Amt0881764
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0196809
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0162798
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0174438
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0186010
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0161709
IRS990ScheduleA/Total509Grp/TotalAmt0881764
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0196809
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0162798
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0174438
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0229297
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0161709
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0925051
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt014391
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0244
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt014635
IRS990ScheduleD/EquipmentGrp/BookValueAmt04629
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0171
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04800
IRS990ScheduleD/ExpensesSubtotalAmt0232015
IRS990ScheduleD/LandGrp/BookValueAmt0307250
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0307250
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt014632
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0248
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt014880
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0657076
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01187847
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01844923
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0561414
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1439353
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueSubtotalAmt0196809
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0997978
IRS990ScheduleD/TotalBookValueSecuritiesAmt01000767
IRS990ScheduleD/TotalExpensesPerForm990Amt0232015
IRS990ScheduleD/TotalRevenuePerForm990Amt0196809
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0196809
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0232015
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO CONDUCT ANNUALLY A COUNTY FAIR AT A SUITABLE FAIRGROUNDS FOR ALL OF OUR AREA YOUTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RICK SHERMAN CHERYL SHERMAN PRESIDENT DIRECTOR MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS APPROVE THE BUDGET AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE TREASURER ALONG WITH THE FINANCE COMMITTEE REVIEWS THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE AT THE FAIRGROUNDS OFFICE AND MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRACTED SERVICES 38,590 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02117362
IRS990/TotalAssetsEOYAmt02054911
IRS990/TotalAssetsGrp/BOYAmt02117362
IRS990/TotalAssetsGrp/EOYAmt02054911
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt013841
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011792
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0220223
IRS990/TotalFunctionalExpensesGrp/TotalAmt0232015
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt02364
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt02364
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02117362
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02052547
IRS990/TotalProgramServiceExpensesAmt0220223
IRS990/TotalProgramServiceRevenueAmt0149191
IRS990/TotalReportableCompFromOrgAmt023275
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0182968
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0196809
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02117362
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02054911
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false

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