Civic Intelligence

Chippewa County Fair Association

990 • Fiscal year 2021 • EIN 41-0731619

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 10, 2022

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

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

58th percentile

0.00x

Higher debt load relative to revenue than 58% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

80th percentile

38%

Higher net margin than 80% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

78th percentile

$1,500

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

73rd percentile

32%

Faster asset growth than 73% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

80th percentile

69%

Faster revenue growth than 80% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$348,594

Up $84,866 (+32%) from 2020

Net Assets

Up

$348,250

Up $86,394 (+33%) from 2020

Liabilities

Down

$344

Down $1,528 (-82%) from 2020

Revenue

Up

$225,142

Up $91,754 (+69%) from 2020

Expenses

Up

$138,748

Up $86,097 (+164%) from 2020

Net Income

Up

$86,394

Up $5,657 (+7.0%) from 2020

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

2021

Assets$348,594
Liabilities$344
Net Assets$348,250

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

2021

Revenue$225,142
Expenses$138,748
Net Income$86,394
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 10, 2022
Return Version
2020v4.0
Gross Receipts
$231,328
Mission and Program Overview

Mission

To operate county fair and promote social welfare.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$171,294$239,470▲ $68,176
Cash and Non-Interest-Bearing Accounts$62,395$93,051▲ $30,656
Savings and Temporary Cash Investments$25,039$16,073▼ $8,966
Other Notes and Loans Receivable, Net$5,000--
Total Assets$263,728$348,594▲ $84,866
Liabilities
Other Liabilities$1,872$344▼ $1,528
Total Liabilities$1,872$344▼ $1,528
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$261,856$348,250▲ $86,394
Total Net Assets Fund Balance$261,856$348,250▲ $86,394
Total Liabilities and Net Assets / Fund Balance$263,728$348,594▲ $84,866

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$200,807$120,034$320,841
Equipment$38,663$67,181$105,844
Compensation and Service Providers

Employees

NameTitleBaseTotal
Sue JensonTreasurer$1,500$1,500
Stacey HoidahlDirector$700$700

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$119,864
Program Service Revenue
$78,213
Investment Income
$9
Other Revenue
$27,056
All Other Contributions
$46,775
Change in Net Assets
$86,394
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$123,515
Salaries, Compensation, and Employee Benefits$15,233
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$21,325--$21,325
Other Salaries and Wages$9,600$2,400-$12,000
Depreciation Depletion$11,434$507-$11,941
Insurance$6,775--$6,775
Advertising$6,544--$6,544
All Other Expenses$2,484$539-$3,023
Other Expenses$2,723--$2,723
Current Officers, Directors, Trustees, and Key Employees-$2,200-$2,200
Information Technology-$1,524-$1,524
Payroll Taxes$826$207-$1,033
Fees for Services Accounting-$935-$935
Office Expenses-$563-$563
Interest$90--$90
Total Functional Expenses$129,873$8,875$0$138,748
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$20,242
Gaming Gross Income$4,940
Fundraising Direct Expenses$4,736
Gaming Direct Expenses$1,450
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Alcohol Sales$20,242$20,242$25$20,217
Total Events$20,242$20,242$4,736$15,506
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
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
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
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
2022-08-10

Organization Details

Principal Officer
Kurt Stranberg
Formed
1927
Legal Domicile
Mn
Voting Board Members
20
Independent Board Members
20
Employees
2
Volunteers
50

Preparer

Firm
Dana F Cole & Company Llp
Address
PO BOX 502, MONTEVIDEO, MN 56265
Preparer
James B Knutson
Phone
3202692146
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO OPERATE COUNTY FAIR AND PROMOTE SOCIAL WELFARE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0261856
IRS990/NetAssetsOrFundBalancesEOYAmt0348250
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt015506
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt015506
IRS990/NetIncomeFromGamingGrp/ExclusionAmt03490
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt03490
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt08060
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt08060
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0261856
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0348250
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt021325
IRS990/OccupancyGrp/TotalAmt021325
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0563
IRS990/OfficeExpensesGrp/TotalAmt0563
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0OTHER ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc14-H PREMIUMS
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ProgramServicesAmt053593
IRS990/OtherExpensesGrp/ProgramServicesAmt19248
IRS990/OtherExpensesGrp/ProgramServicesAmt25231
IRS990/OtherExpensesGrp/ProgramServicesAmt32723
IRS990/OtherExpensesGrp/TotalAmt053593
IRS990/OtherExpensesGrp/TotalAmt19248
IRS990/OtherExpensesGrp/TotalAmt25231
IRS990/OtherExpensesGrp/TotalAmt32723
IRS990/OtherLiabilitiesGrp/BOYAmt01872
IRS990/OtherLiabilitiesGrp/EOYAmt0344
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02400
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09600
IRS990/OtherSalariesAndWagesGrp/TotalAmt012000
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05000
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0207
IRS990/PayrollTaxesGrp/ProgramServicesAmt0826
IRS990/PayrollTaxesGrp/TotalAmt01033
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KURT STRANBERG
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1711130
IRS990/ProgramServiceRevenueGrp/Desc0GATE
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt067991
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110222
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt067991
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110222
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0120333
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt034
IRS990/PYOtherExpensesAmt038118
IRS990/PYOtherRevenueAmt09495
IRS990/PYProgramServiceRevenueAmt03526
IRS990/PYRevenuesLessExpensesAmt080737
IRS990/PYSalariesCompEmpBnftPaidAmt014533
IRS990/PYTotalExpensesAmt052651
IRS990/PYTotalRevenueAmt0133388
IRS990/ReconcilationRevenueExpnssAmt086394
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt08060
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt078213
IRS990/SavingsAndTempCashInvstGrp/BOYAmt025039
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016073
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0119864
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0120333
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt086878
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt099798
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt099851
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0526724
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08069
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt09529
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt08020
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt08999
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07993
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt042610
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0399521
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92520
IRS990ScheduleA/PublicSupportPY170Pct00.92410
IRS990ScheduleA/PublicSupportTotal170Amt0526724
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0119864
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0120333
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt086878
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt099798
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt099851
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0526724
IRS990ScheduleA/TotalSupportAmt0569334
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/BookValueAmt0200807
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0120034
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0320841
IRS990ScheduleD/EquipmentGrp/BookValueAmt038663
IRS990ScheduleD/EquipmentGrp/DepreciationAmt067181
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0105844
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0344
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0239470
IRS990ScheduleD/TotalLiabilityAmt0344
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt04736
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ALCOHOL SALES
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt04711
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt04711
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt020242
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt020242
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt020242
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt020242
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt015506
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt025
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt025
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false

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
2021Detailed filing. Detailed filing data is available for this year.$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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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