Civic Intelligence

Chippewa County Fair Association

990 • Fiscal year 2022 • EIN 41-0731619

Oct 01, 2021 to Sep 30, 2022 • Filed on Aug 08, 2023

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

57th percentile

0.04x

Higher debt load relative to assets than 57% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

60th percentile

0.05x

Higher debt load relative to revenue than 60% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

91st percentile

55%

Higher net margin than 91% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

54th percentile

$1,500

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

91st percentile

79%

Faster asset growth than 91% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

89th percentile

103%

Faster revenue growth than 89% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$622,442

Up $273,848 (+79%) from 2021

Net Assets

Up

$598,180

Up $249,930 (+72%) from 2021

Liabilities

Up

$24,262

Up $23,918 (+6953%) from 2021

Revenue

Up

$457,720

Up $232,578 (+103%) from 2021

Expenses

Up

$207,790

Up $69,042 (+50%) from 2021

Net Income

Up

$249,930

Up $163,536 (+189%) from 2021

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

2022

Assets$622,442
Liabilities$24,262
Net Assets$598,180

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

2022

Revenue$457,720
Expenses$207,790
Net Income$249,930
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Aug 8, 2023
Return Version
2021v4.0
Gross Receipts
$499,204
Mission and Program Overview

Mission

To operate county fair and promote social welfare.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$16,073$327,973▲ $311,900
Land, Buildings, and Equipment, Net$239,470$268,878▲ $29,408
Cash and Non-Interest-Bearing Accounts$93,051$25,225▼ $67,826
Intangible Assets-$366-
Total Assets$348,594$622,442▲ $273,848
Liabilities
Other Liabilities$344$24,262▲ $23,918
Total Liabilities$344$24,262▲ $23,918
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$348,250$598,180▲ $249,930
Total Net Assets Fund Balance$348,250$598,180▲ $249,930
Total Liabilities and Net Assets / Fund Balance$348,594$622,442▲ $273,848

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$186,478$105,127$291,605
Equipment$73,270$73,182$146,452
Leasehold Improvements$9,130$2,781$11,911
Other Land Buildings-$1,644$1,644
Compensation and Service Providers

Employees

NameTitleBaseTotal
Sue JensonTreasurer$1,500$1,500
Stacey HoidahlDirector$750$750

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$117,734
Program Service Revenue
$89,578
Investment Income
$231,680
Other Revenue
$18,728
All Other Contributions
$54,690
Change in Net Assets
$249,930
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$192,162
Salaries, Compensation, and Employee Benefits$14,128
Grants and Similar Amounts Paid$1,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$26,900--$26,900
All Other Expenses$12,043$3,866-$15,909
Depreciation Depletion$13,625$506-$14,131
Other Expenses$11,574--$11,574
Other Salaries and Wages$8,761$2,190-$10,951
Advertising$6,248--$6,248
Fees for Services Accounting-$3,100-$3,100
Insurance$2,779--$2,779
Current Officers, Directors, Trustees, and Key Employees-$2,250-$2,250
Office Expenses-$2,055-$2,055
Grants to Domestic Orgs$1,500--$1,500
Information Technology-$1,301-$1,301
Payroll Taxes$742$185-$927
Total Functional Expenses$192,337$15,453$0$207,790
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$29,960
Fundraising Direct Expenses$20,982
Gaming Gross Income$5,800
Gaming Direct Expenses$2,450
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Alcohol Sales$29,960$29,960$5,229$24,731
Total Events$29,960$29,960$20,982$8,978
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Jd Financial$23,918
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
2023-08-08

Organization Details

Principal Officer
Kurt Stranberg
Formed
1927
Legal Domicile
Mn
Voting Board Members
20
Independent Board Members
20
Employees
2
Volunteers
100

Preparer

Firm
Dana F Cole & Company Llp
Address
590 SOUTH HIGHWAY 29 SUITE 1, MONTEVIDEO, MN 56265
Preparer
James B Knutson
Phone
3202692146
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt032
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0182734
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0239470
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0268878
IRS990/LandBldgEquipCostOrOtherBssAmt0451612
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt018052
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
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/NetAssetsOrFundBalancesBOYAmt0348250
IRS990/NetAssetsOrFundBalancesEOYAmt0598180
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0231648
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0231648
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt08978
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt08978
IRS990/NetIncomeFromGamingGrp/ExclusionAmt03350
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt03350
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt06400
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt06400
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0348250
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0598180
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt026900
IRS990/OccupancyGrp/TotalAmt026900
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02055
IRS990/OfficeExpensesGrp/TotalAmt02055
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0OTHER ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc1DEMIN MATERIALS & REPAIRS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt075016
IRS990/OtherExpensesGrp/ProgramServicesAmt117177
IRS990/OtherExpensesGrp/ProgramServicesAmt215972
IRS990/OtherExpensesGrp/ProgramServicesAmt311574
IRS990/OtherExpensesGrp/TotalAmt075016
IRS990/OtherExpensesGrp/TotalAmt117177
IRS990/OtherExpensesGrp/TotalAmt215972
IRS990/OtherExpensesGrp/TotalAmt311574
IRS990/OtherLiabilitiesGrp/BOYAmt0344
IRS990/OtherLiabilitiesGrp/EOYAmt024262
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02190
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08761
IRS990/OtherSalariesAndWagesGrp/TotalAmt010951
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0185
IRS990/PayrollTaxesGrp/ProgramServicesAmt0742
IRS990/PayrollTaxesGrp/TotalAmt0927
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KURT STRANBERG
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1711130
IRS990/ProgramServiceRevenueGrp/Desc0GATE
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt070970
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt118608
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt070970
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt118608
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0119864
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt09
IRS990/PYOtherExpensesAmt0123515
IRS990/PYOtherRevenueAmt027056
IRS990/PYProgramServiceRevenueAmt078213
IRS990/PYRevenuesLessExpensesAmt086394
IRS990/PYSalariesCompEmpBnftPaidAmt015233
IRS990/PYTotalExpensesAmt0138748
IRS990/PYTotalRevenueAmt0225142
IRS990/ReconcilationRevenueExpnssAmt0249930
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt06400
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt089578
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016073
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0327973
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0117734
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0119864
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0120333
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt086878
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt099798
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0544607
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06432
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08069
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt09529
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt08020
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08999
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt041049
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0385926
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92990
IRS990ScheduleA/PublicSupportPY170Pct00.92520
IRS990ScheduleA/PublicSupportTotal170Amt0544607
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0117734
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0119864
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0120333
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt086878
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt099798
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0544607
IRS990ScheduleA/TotalSupportAmt0585656
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/BookValueAmt0186478
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0105127
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0291605
IRS990ScheduleD/EquipmentGrp/BookValueAmt073270
IRS990ScheduleD/EquipmentGrp/DepreciationAmt073182
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0146452
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt09130
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02781
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt011911
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01644
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01644
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023918
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1344
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0JD FINANCIAL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0268878
IRS990ScheduleD/TotalLiabilityAmt024262

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
2022Detailed filing. Detailed filing data is available for this year.$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
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