Civic Intelligence

Chippewa County Fair Association

990 • Fiscal year 2019 • EIN 41-0731619

Oct 01, 2018 to Sep 30, 2019 • Filed on Jun 29, 2019

PO Box 413Montevideo, MN 56265

(320) 269-6647

Siviq Scores

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

Liabilities / Assets

69th percentile

0.02x

Higher debt load relative to assets than 69% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

73rd percentile

0.03x

Higher debt load relative to revenue than 73% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

27th percentile

-7.0%

Higher net margin than 27% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$1,500

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

29th percentile

-9.6%

Faster asset growth than 29% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

23rd percentile

-21%

Faster revenue growth than 23% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$183,337

Down $19,460 (-9.6%) from 2018

Net Assets

Down

$179,007

Down $11,501 (-6.0%) from 2018

Liabilities

Down

$4,330

Down $7,959 (-65%) from 2018

Revenue

Down

$163,147

Down $43,966 (-21%) from 2018

Expenses

Down

$174,648

Down $15,575 (-8.2%) from 2018

Net Income

Down

-$11,501

Down $28,391 (-168%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $108,672Liabilities 2010: $21,000Net Assets 2010: $87,6722010Assets 2011: $102,341Liabilities 2011: $18,0002011Assets 2012: $110,176Liabilities 2012: $15,000Net Assets 2012: $95,1762012Assets 2013: $103,948Liabilities 2013: $12,000Net Assets 2013: $91,9482013Assets 2014: $123,862Liabilities 2014: $12,044Net Assets 2014: $111,8182014Assets 2015: $160,484Liabilities 2015: $25,709Net Assets 2015: $134,7752015Assets 2016: $180,276Liabilities 2016: $25,321Net Assets 2016: $154,9552016Assets 2017: $190,401Liabilities 2017: $16,783Net Assets 2017: $173,6182017Assets 2018: $202,797Liabilities 2018: $12,289Net Assets 2018: $190,5082018Assets 2019: $183,337Liabilities 2019: $4,330Net Assets 2019: $179,0072019Assets 2020: $263,728Liabilities 2020: $1,872Net Assets 2020: $261,8562020Assets 2021: $348,594Liabilities 2021: $344Net Assets 2021: $348,2502021Assets 2022: $622,442Liabilities 2022: $24,262Net Assets 2022: $598,1802022Assets 2023: $969,547Liabilities 2023: $250,281Net Assets 2023: $719,2662023Assets 2024: $953,708Liabilities 2024: $220,589Net Assets 2024: $733,1192024

Highlighted filing

2019

Assets$183,337
Liabilities$4,330
Net Assets$179,007

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $68,507Expenses 2010: $73,488Net Income 2010: -$4,9812010Revenue 2011: $90,858Expenses 2011: $94,189Net Income 2011: -$3,3312011Revenue 2012: $102,201Expenses 2012: $91,366Net Income 2012: $10,8352012Revenue 2013: $89,656Expenses 2013: $92,884Net Income 2013: -$3,2282013Revenue 2014: $156,510Expenses 2014: $136,640Net Income 2014: $19,8702014Revenue 2015: $164,281Expenses 2015: $141,324Net Income 2015: $22,9572015Revenue 2016: $174,516Expenses 2016: $154,336Net Income 2016: $20,1802016Revenue 2017: $190,720Expenses 2017: $172,057Net Income 2017: $18,6632017Revenue 2018: $207,113Expenses 2018: $190,223Net Income 2018: $16,8902018Revenue 2019: $163,147Expenses 2019: $174,648Net Income 2019: -$11,5012019Revenue 2020: $133,388Expenses 2020: $52,651Net Income 2020: $80,7372020Revenue 2021: $225,142Expenses 2021: $138,748Net Income 2021: $86,3942021Revenue 2022: $457,720Expenses 2022: $207,790Net Income 2022: $249,9302022Revenue 2023: $275,971Expenses 2023: $225,053Net Income 2023: $50,9182023Revenue 2024: $236,753Expenses 2024: $222,900Net Income 2024: $13,8532024

Highlighted filing

2019

Revenue$163,147
Expenses$174,648
Net Income-$11,501
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jun 29, 2019
Return Version
2018v3.2
Gross Receipts
$170,824
Mission and Program Overview

Mission

To operate county fair and promote social welfare.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$142,859$159,683▲ $16,824
Cash and Non-Interest-Bearing Accounts$50,233$9,646▼ $40,587
Savings and Temporary Cash Investments$4,705$9,008▲ $4,303
Other Notes and Loans Receivable, Net$5,000$5,000→ $0
Total Assets$202,797$183,337▼ $19,460
Liabilities
Other Liabilities$12,289$4,330▼ $7,959
Total Liabilities$12,289$4,330▼ $7,959
Net Assets / Fund Balance
Unrestricted Net Assets$190,508$179,007▼ $11,501
Total Net Assets Fund Balance$190,508$179,007▼ $11,501
Total Liabilities and Net Assets / Fund Balance$202,797$183,337▼ $19,460

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$121,777$109,439$231,216
Equipment$37,906$52,663$90,569
Compensation and Service Providers

Employees

NameTitleBaseTotal
Sue JensonTreasurer$1,500$1,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$86,878
Program Service Revenue
$52,776
Investment Income
$10
Other Revenue
$23,483
All Other Contributions
$42,600
Change in Net Assets
$-11,501
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$164,324
Salaries, Compensation, and Employee Benefits$10,324
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$30,837$3,825-$34,662
Occupancy$21,892--$21,892
Other Expenses$10,913--$10,913
Advertising$10,496--$10,496
Other Salaries and Wages$750$7,500-$8,250
Depreciation Depletion$7,564$35-$7,599
Insurance$7,418--$7,418
Fees for Services Accounting-$2,408-$2,408
Current Officers, Directors, Trustees, and Key Employees-$1,500-$1,500
Payroll Taxes$459$115-$574
Interest$260--$260
Total Functional Expenses$159,265$15,383$0$174,648
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$18,000
Fundraising Direct Expenses$6,177
Gaming Gross Income$5,150
Gaming Direct Expenses$1,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Alcohol Sales$18,000$18,000$1,159$16,841
Total Events$18,000$18,000$6,177$11,823
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sales Tax$2,516
Sw Initiative$1,470
Payroll Tax Payable$344
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Executive board will review the 990.

Form 990, Page 6, Part VI, Line 12C

If the employee, employee's supervisor or chippewa county auditor determine that a conflict of interest exists, the matter shall be assigned to another employee who does not have a conflict of interest. If it is not possible to assign the matter to an employee who does not have a conflict of interest, interested persons shall be notified of the conflict and the employee may proceed with the assignment.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Chippewa County Fair Association
EIN
41-0731619
Phone
3202696647
Address
PO BOX 413, MONTEVIDEO, MN 56265

Signing Officer

Name
Sue Jenson
Title
Treasurer
Phone
3202699164
Signed
2019-06-29

Organization Details

Principal Officer
Kurt Stranberg
Formed
1927
Legal Domicile
Mn
Voting Board Members
19
Independent Board Members
19
Employees
2
Volunteers
50

Preparer

Firm
Dana F Cole & Company Llp
Address
PO BOX 502, MONTEVIDEO, MN 56265
Preparer
James B Knutson
Phone
3202692146
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

4-h premiums 8,466 0 0 supplies 4,810 0 0 thursday - hicktown 4,000 0 0 dues - convention 0 3,657 0 carnival 3,257 0 0 judging exhibits 2,256 0 0 meals 1,943 0 0 ribbons/trophies 1,662 0 0 miscellaneous 1,542 0 0 security 1,198 0 0 pedal tractor pull 600 0 0 tickets 509 0 0 membership 225 0 0 postage 219 0 0 awards 150 0 0 license 0 134 0 bank service charge 0 34 0 total 30,837 3,825 0

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IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO OPERATE COUNTY FAIR AND PROMOTE SOCIAL WELFARE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0190508
IRS990/NetAssetsOrFundBalancesEOYAmt0179007
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt011823
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt011823
IRS990/NetIncomeFromGamingGrp/ExclusionAmt03650
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt03650
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt08010
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt08010
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt021892
IRS990/OccupancyGrp/TotalAmt021892
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0CONCERT BOOKING
IRS990/OtherExpensesGrp/Desc1OTHER ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc2BULL RIDING
IRS990/OtherExpensesGrp/Desc3DEMIN MATERIALS & REPAIRS
IRS990/OtherExpensesGrp/ProgramServicesAmt032521
IRS990/OtherExpensesGrp/ProgramServicesAmt123655
IRS990/OtherExpensesGrp/ProgramServicesAmt212500
IRS990/OtherExpensesGrp/ProgramServicesAmt310913
IRS990/OtherExpensesGrp/TotalAmt032521
IRS990/OtherExpensesGrp/TotalAmt123655
IRS990/OtherExpensesGrp/TotalAmt212500
IRS990/OtherExpensesGrp/TotalAmt310913
IRS990/OtherLiabilitiesGrp/BOYAmt012289
IRS990/OtherLiabilitiesGrp/EOYAmt04330
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07500
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0750
IRS990/OtherSalariesAndWagesGrp/TotalAmt08250
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt05000
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0115
IRS990/PayrollTaxesGrp/ProgramServicesAmt0459
IRS990/PayrollTaxesGrp/TotalAmt0574
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KURT STRANBERG
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1711130
IRS990/ProgramServiceRevenueGrp/BusinessCd2713110
IRS990/ProgramServiceRevenueGrp/BusinessCd3722210
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0GATE
IRS990/ProgramServiceRevenueGrp/Desc1CARNIVAL
IRS990/ProgramServiceRevenueGrp/Desc2THOMPSON SQUARE
IRS990/ProgramServiceRevenueGrp/Desc3BULL RIDING
IRS990/ProgramServiceRevenueGrp/Desc4CONCESSIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt024949
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt115082
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt24940
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32680
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt42384
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt024949
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt115082
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24940
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32680
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt42384
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt099798
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt014
IRS990/PYOtherExpensesAmt0181979
IRS990/PYOtherRevenueAmt022223
IRS990/PYProgramServiceRevenueAmt085078
IRS990/PYRevenuesLessExpensesAmt016890
IRS990/PYSalariesCompEmpBnftPaidAmt08244
IRS990/PYTotalExpensesAmt0190223
IRS990/PYTotalRevenueAmt0207113
IRS990/ReconcilationRevenueExpnssAmt0-11501
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt08010
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt052776
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04705
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09008
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt086878
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt099798
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt099851
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0100833
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt095497
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0482857
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08020
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08999
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07993
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07141
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06739
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt038892
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0442590
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92550
IRS990ScheduleA/PublicSupportPY170Pct00.93030
IRS990ScheduleA/PublicSupportTotal170Amt0482857
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt086878
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt099798
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt099851
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0100833
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt095497
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0482857
IRS990ScheduleA/TotalSupportAmt0521749
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0121777
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0109439
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0231216
IRS990ScheduleD/EquipmentGrp/BookValueAmt037906
IRS990ScheduleD/EquipmentGrp/DepreciationAmt052663
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt090569
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02516
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11470
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2344
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALES TAX
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SW INITIATIVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0159683
IRS990ScheduleD/TotalLiabilityAmt04330
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt06177
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ALCOHOL SALES
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt05018
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt05018
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt018000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt018000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt018000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt018000
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt011823

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.54$2.21$7.33$2.37$2.23$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.70$2.50$7.19$2.76$2.25$0.51
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.22$0.24$5.98$4.58$2.08$2.50
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.49$0.00$3.48$2.25$1.39$0.86
2020Detailed filing. Detailed filing data is available for this year.$2.64$0.02$2.62$1.33$0.53$0.81
2019Detailed filing. Detailed filing data is available for this year.$1.83$0.04$1.79$1.63$1.75$0.12
2018Detailed filing. Detailed filing data is available for this year.$2.03$0.12$1.91$2.07$1.90$0.17
2017Detailed filing. Detailed filing data is available for this year.$1.90$0.17$1.74$1.91$1.72$0.19
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$0.25$1.55$1.75$1.54$0.20
2015Detailed filing. Detailed filing data is available for this year.$1.60$0.26$1.35$1.64$1.41$0.23
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.12$1.12$1.57$1.37$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.12$0.92$0.90$0.93$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.15$0.95$1.02$0.91$0.11
2011Summary only. Only limited summary data is available for this year.$1.02$0.18$0.91$0.94$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.21$0.88$0.69$0.73$0.05