Civic Intelligence

Minnesota State Fair Foundation

990 • Fiscal year 2015 • EIN 41-2013696

Nov 01, 2014 to Oct 31, 2015 • Filed on Feb 22, 2016

Organization ProfileWWW.MSFFOUNDATION.ORG
1265 Snelling Avenue NorthSt Paul, MN 55108-3099

(651) 288-4323

Siviq Scores

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

Liabilities / Assets

40th percentile

0.05x

Higher debt load relative to assets than 40% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

35th percentile

0.05x

Higher debt load relative to revenue than 35% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

67th percentile

9.8%

Higher net margin than 67% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

89th percentile

$194,811

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

77th percentile

14%

Faster asset growth than 77% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

9th percentile

-34%

Faster revenue growth than 9% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$2,388,702

Up $294,851 (+14%) from 2014

Net Assets

Up

$2,265,092

Up $247,512 (+12%) from 2014

Liabilities

Up

$123,610

Up $47,339 (+62%) from 2014

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin67th percentile

Revenue

Down

$2,484,148

Down $1,301,852 (-34%) from 2014

Expenses

Down

$2,241,651

Down $859,762 (-28%) from 2014

Net Income

Down

$242,497

Down $442,090 (-65%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $1,150,939Liabilities 2010: $289,249Net Assets 2010: $861,6902010Assets 2011: $2,066,481Liabilities 2011: $277,895Net Assets 2011: $1,788,5862011Assets 2012: $1,534,296Liabilities 2012: $149,497Net Assets 2012: $1,384,7992012Assets 2013: $1,370,382Liabilities 2013: $53,001Net Assets 2013: $1,317,3812013Assets 2014: $2,093,851Liabilities 2014: $76,271Net Assets 2014: $2,017,5802014Assets 2015: $2,388,702Liabilities 2015: $123,610Net Assets 2015: $2,265,0922015Assets 2016: $2,464,778Liabilities 2016: $100,383Net Assets 2016: $2,364,3952016Assets 2017: $2,659,561Liabilities 2017: $41,250Net Assets 2017: $2,618,3112017Assets 2018: $2,939,520Liabilities 2018: $95,952Net Assets 2018: $2,843,5682018Assets 2019: $3,796,174Liabilities 2019: $108,770Net Assets 2019: $3,687,4042019Assets 2020: $3,684,844Liabilities 2020: $202,149Net Assets 2020: $3,482,6952020Assets 2021: $4,967,598Liabilities 2021: $192,999Net Assets 2021: $4,774,5992021Assets 2022: $5,176,918Liabilities 2022: $117,266Net Assets 2022: $5,059,6522022Assets 2023: $6,560,863Liabilities 2023: $130,064Net Assets 2023: $6,430,7992023Assets 2024: $17,749,748Liabilities 2024: $133,135Net Assets 2024: $17,616,6132024

Highlighted filing

2015

Assets$2,388,702
Liabilities$123,610
Net Assets$2,265,092
Open 2015 Filing

Operations Trend

Revenue Growth9th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $875,0472010Expenses 2011: $1,013,4442011Expenses 2012: $1,572,3522012Expenses 2013: $1,112,9802013Revenue 2014: $3,786,000Expenses 2014: $3,101,413Net Income 2014: $684,5872014Revenue 2015: $2,484,148Expenses 2015: $2,241,651Net Income 2015: $242,4972015Revenue 2016: $2,044,275Expenses 2016: $1,962,242Net Income 2016: $82,0332016Revenue 2017: $2,033,557Expenses 2017: $1,855,342Net Income 2017: $178,2152017Revenue 2018: $2,649,529Expenses 2018: $2,421,069Net Income 2018: $228,4602018Revenue 2019: $2,660,144Expenses 2019: $1,972,256Net Income 2019: $687,8882019Revenue 2020: $1,410,142Expenses 2020: $1,718,374Net Income 2020: -$308,2322020Revenue 2021: $2,790,131Expenses 2021: $1,920,708Net Income 2021: $869,4232021Revenue 2022: $2,693,185Expenses 2022: $1,992,212Net Income 2022: $700,9732022Revenue 2023: $3,605,633Expenses 2023: $2,333,693Net Income 2023: $1,271,9402023Revenue 2024: $13,731,998Expenses 2024: $3,129,131Net Income 2024: $10,602,8672024

Highlighted filing

2015

Revenue$2,484,148
Expenses$2,241,651
Net Income$242,497
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2014 to Oct 31, 2015
Signed
Feb 22, 2016
Return Version
2014v6.0
Gross Receipts
$2,672,550
Mission and Program Overview

Mission

The minnesota state fair foundation's mission is to preserve and improve the historic minnesota state fairgrounds and support state fair programs and projects in agriculture, arts & culture, education, the environment, and history.

To preserve, improve & support the historic minnesota state fair.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$922,128$1,081,331▲ $159,203
Savings and Temporary Cash Investments$777,522$769,103▼ $8,419
Investments in Publicly Traded Securities$235,237$287,477▲ $52,240
Cash and Non-Interest-Bearing Accounts$146,507$234,771▲ $88,264
Prepaid Expenses and Deferred Charges$6,424$6,609▲ $185
Inventories for Sale or Use$4,735$4,886▲ $151
Accounts Receivable-$3,806-
Land, Buildings, and Equipment, Net$1,298$719▼ $579
Total Assets$2,093,851$2,388,702▲ $294,851
Liabilities
Accounts Payable and Accrued Expenses$76,271$123,610▲ $47,339
Total Liabilities$76,271$123,610▲ $47,339
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,309,165$1,425,100▲ $115,935
Unrestricted Net Assets$468,017$545,757▲ $77,740
Permanently Rstr Net Assets$240,398$294,235▲ $53,837
Total Net Assets Fund Balance$2,017,580$2,265,092▲ $247,512
Total Liabilities and Net Assets / Fund Balance$2,093,851$2,388,702▲ $294,851

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$719$6,610$7,329

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$235,237$56,649▲ $5,015-$287,477
2013$166,883$56,750▲ $18,886-$235,237
2012$78,516$66,771▲ $21,596-$166,883
2011$18,599$54,200▲ $5,717-$78,516
2010-$18,500▲ $99-$18,599
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kay CadyExecutive DirectorFT$166,763$28,048$194,811

Board Members and Trustees

NameTitle
Mitch DavisBoard Chair
Patty D SmithVice Chair
Al PaulsonBoard Member
Allen LevineBoard Member
Bert GreenerBoard Member
Brad RibarBoard Member
Cindie SmartBoard Member
Dave MonaBoard Member
David SorensenBoard Member
Frank ParisiBoard Member
Ginny Hubbard MorrisBoard Member
Jim SmartBoard Member
Jim WinterBoard Member
John FabieBoard Member
Mike SullivanBoard Member
Patrick BaileyBoard Member
Robyn HansenBoard Member
Sandy CraigheadBoard Member
Steve PoppenBoard Member
Terry GilberstadtBoard Member
Jerry HammerSecretary
Jeff HawkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,249,769
Program Service Revenue
$0
Investment Income
$1,455
Other Revenue
$232,924
All Other Contributions
$2,170,481
Change in Net Assets
$242,497

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table21$50,194Fair Market Value (FMV)
Other Non Cash Contri Table2$39,650Fair Market Value (FMV)
Other Non Cash Contri Table117$29,094Fair Market Value (FMV)
Other Non Cash Contri Table1$7,312Fair Market Value (FMV)
Total Noncash Contributions141$126,250-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,484,148
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$56,831
Total Revenue per Audited Statements
$2,540,979
Total Revenue per Form 990
$2,484,148
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,447,902
Salaries, Compensation, and Employee Benefits$576,775
Total Fundraising Expense$295,569
Other Expenses$216,974
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,447,902--$1,447,902
Other Salaries and Wages$104,883$69,922$104,883$279,688
Current Officers, Directors, Trustees, and Key Employees$102,884$41,153$61,731$205,768
Office Expenses$2,378$21,159$21,765$45,302
Other Employee Benefits$16,077$11,475$17,212$44,764
Fees for Services Accounting-$31,790-$31,790
Payroll Taxes$11,966$7,180$10,770$29,916
All Other Expenses$5,351$5,086$9,147$19,584
Pension Plan Contributions$5,789$4,340$6,510$16,639
Other Expenses$5,779$2,281$1,660$9,720
Fees for Services Other-$8,863$50$8,913
Insurance$319$2,231$1,557$4,107
Conferences and Meetings$368$1,173$332$1,873
Travel$6$1,046$201$1,253
Depreciation Depletion$232$139$208$579
Occupancy$195$117$176$488
Advertising--$100$100
Total Functional Expenses$1,721,174$224,908$295,569$2,241,651

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,293,467
Expenses per Audited Statements$2,241,651
Total Expenses per Form 990$2,241,651
Expenses Not Reported on Form 990$51,816
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Minnesota State Agricultural SocietySt Paul, MNN/aImprovements & Programming At/for the Minnesota State Fair$1,408,252
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$98,450
Fundraising Gross Income$76,450
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Taste of the Fair$155,738$76,450$59,242$17,208
Total Events$155,738$76,450$98,450$-22,000
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 1

“The foundation's executive committee shall consist of not less than four of the members of the board of directors. The executive committee shall have and exercise the authority of the board in the management of the business of the foundation. The executive committee does not have the authority to amend the articles of incorporation or bylaws of the foundation. In addition, the executive committee cannot elect or remove directors or any of the officers.”

Form 990, Part VI, Section A, Line 2

“Jim and cindie smart - family relationship”

Form 990, Part VI, Section B, Line 11

“The form 990 is reviewed by executive leadership and the audit committee. Following this review, the form 990 is provided to the full governing board prior to filing with the irs”

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

“The foundation's conflict of interest policy covers board members, board committee members, staff members, and family members of the aforementioned. Each covered individual will annually sign a form affirming that the individual has received a copy of the conflict of interest policy, has read and understood the policy, and has agreed to comply with the policy. Covered members have the duty to disclose any actual or possible conflicts of interest, or lack thereof, to the board or committee. After disclosure of the potential conflict including all material facts, and after any discussion with the interested individual, he/she will recuse themselves from the meeting while the determination of a conflict of interest is discussed, determined by the remaining board or committee members and voted upon. The minutes of board or committee meetings document the names of the individuals with the potential conflict, material facts, actions taken to determine if a conflict was present, the board or committee's decision on the transaction, and the names of independent individuals present for the determination and vote.”

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

“The performance review and compensation package for the executive director is determined by the executive committee of the board. Compensation is based on a market review and is consistent with state fair pay scales. The last review process for executive director, k. Cady was undertaken during 2015.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Minnesota State Fair Foundation
EIN
41-2013696
Phone
6512884323
Address
1265 SNELLING AVENUE NORTH, ST PAUL, MN 55108-3099

Signing Officer

Name
Mitch Davis
Title
Board Chair
Phone
6512884323
Signed
2016-02-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kay Cady
Formed
2001
Legal Domicile
Mn
Voting Board Members
20
Independent Board Members
20
Employees
6
Volunteers
220

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Jennifer Tingley
Phone
6123764500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No change from the prior year”

Financial Statement Notes

PART V, LINE 4:

“The organization's restricted endowment is to be held in perpetuity. Earnings on endowment investments may be used for capital and program improvements to benefit the minnesota state fair.”

PART X, LINE 2:

“The foundation is exempt from income taxes under section 501(c)(3) of the internal revenue code and applicable minnesota regulations. The foundation follows the accounting standard for uncertainty in income taxes recognized in an entity's financial statements. This standard clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribes a recognition threshold for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. The implementation of this standard had no impact on the foundation's financial statements. The foundation's tax returns are subject to review and examination by federal authorities.”

Raw XML AppendixShowing 400 of 686 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/Desc0IN 2015, THE MINNESOTA STATE FAIR FOUNDATION GRANTED $1.4 MILLION (INCLUDING $53,835 FOR IN-KIND) TO THE MINNESOTA STATE FAIR FOR CAPITAL AND PROGRAM IMPROVEMENTS. CASH GRANTS WERE PRIMARILY FOR THE NEW WEST END MARKET AND HISTORY & HERITAGE CENTER. FUNDS ALSO SUPPORTED PERFORMING ARTS THROUGH ARTS A'FAIR; VOCABULARY-BUILDING THROUGH ALPHABET FOREST; PUBLIC ART EXPERIENCE THROUGH GIANT SING-ALONG; MATH LITERACY THROUGH MATH ON-A-STICK; AND PROJECTS THAT IMPROVED THE FAIRGROUNDS WITH SEATING AND TREES. FOUNDATION SUPPORT IS ALIGNED WITH THESE STATE FAIR PROGRAM AREAS: AGRICULTURE, ART, FAIRGROUNDS ENVIRONMENT, HISTORY AND HERITAGE, AND EDUCATION. THE FOUNDATION ALSO RETAINED ASSETS FOR FUTURE GRANTS, AND CONTINUED TO BUILD ENDOWMENT FUNDS. THE FOUNDATION'S OPERATING EXPENSES ARE FUNDED THROUGH CONTRIBUTIONS, EARNED INCOME AND SUPPORT FROM THE STATE FAIR. THE FOUNDATION IS LED BY A 20-MEMBER BOARD OF DIRECTORS.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2227692
IRS990/Form990PartVIISectionAGrp/PersonNm0MITCH DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm1PATTY D SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm2JERRY HAMMER
IRS990/Form990PartVIISectionAGrp/PersonNm3JEFF HAWKINS
IRS990/Form990PartVIISectionAGrp/PersonNm4PATRICK BAILEY
IRS990/Form990PartVIISectionAGrp/PersonNm5SANDY CRAIGHEAD
IRS990/Form990PartVIISectionAGrp/PersonNm6JOHN FABIE
IRS990/Form990PartVIISectionAGrp/PersonNm7TERRY GILBERSTADT
IRS990/Form990PartVIISectionAGrp/PersonNm8BERT GREENER
IRS990/Form990PartVIISectionAGrp/PersonNm9ROBYN HANSEN
IRS990/Form990PartVIISectionAGrp/PersonNm10ALLEN LEVINE
IRS990/Form990PartVIISectionAGrp/PersonNm11DAVE MONA
IRS990/Form990PartVIISectionAGrp/PersonNm12GINNY HUBBARD MORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm13FRANK PARISI
IRS990/Form990PartVIISectionAGrp/PersonNm14AL PAULSON
IRS990/Form990PartVIISectionAGrp/PersonNm15STEVE POPPEN
IRS990/Form990PartVIISectionAGrp/PersonNm16BRAD RIBAR
IRS990/Form990PartVIISectionAGrp/PersonNm17CINDIE SMART
IRS990/Form990PartVIISectionAGrp/PersonNm18JIM SMART
IRS990/Form990PartVIISectionAGrp/PersonNm19DAVID SORENSEN
IRS990/Form990PartVIISectionAGrp/PersonNm20MIKE SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm21JIM WINTER
IRS990/Form990PartVIISectionAGrp/PersonNm22KAY CADY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22167119
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt079288
IRS990/FundraisingDirectExpensesAmt098450
IRS990/FundraisingGrossIncomeAmt076450
IRS990/GainOrLossGrp/SecuritiesAmt0-133
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantAmt01447902
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01447902
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01447902
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt09425
IRS990/GrossReceiptsAmt02672550
IRS990/GrossSalesOfInventoryAmt0335318
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt01557
IRS990/InsuranceGrp/ManagementAndGeneralAmt02231
IRS990/InsuranceGrp/ProgramServicesAmt0319
IRS990/InsuranceGrp/TotalAmt04107
IRS990/InventoriesForSaleOrUseGrp/BOYAmt04735
IRS990/InventoriesForSaleOrUseGrp/EOYAmt04886
IRS990/InvestmentIncomeGrp/ExclusionAmt01588
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01588
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0235237
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0287477
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06610
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01298
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0719
IRS990/LandBldgEquipCostOrOtherBssAmt07329
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt09558
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MINNESOTA STATE FAIR FOUNDATION MISSION IS TO PRESERVE AND IMPROVE THE HISTORIC MINNESOTA STATE FAIRGROUNDS AND SUPPORT STATE FAIR AGRICULTURAL, SCIENTIFIC, AND EDUCATIONAL EXPERIENCES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02017580
IRS990/NetAssetsOrFundBalancesEOYAmt02265092
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-133
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-133
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-22000
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-22000
IRS990/NetIncomeOrLossGrp/ExclusionAmt0254924
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0254924
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt05015
IRS990/NoncashContributionsAmt0126251
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0176
IRS990/OccupancyGrp/ManagementAndGeneralAmt0117
IRS990/OccupancyGrp/ProgramServicesAmt0195
IRS990/OccupancyGrp/TotalAmt0488
IRS990/OfficeExpensesGrp/FundraisingAmt021765
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt021159
IRS990/OfficeExpensesGrp/ProgramServicesAmt02378
IRS990/OfficeExpensesGrp/TotalAmt045302
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt017212
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011475
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016077
IRS990/OtherEmployeeBenefitsGrp/TotalAmt044764
IRS990/OtherExpensesGrp/Desc0MATERIALS
IRS990/OtherExpensesGrp/Desc1SALES TAXES
IRS990/OtherExpensesGrp/Desc2BANK CHARGES
IRS990/OtherExpensesGrp/Desc3RECOGNITION
IRS990/OtherExpensesGrp/FundraisingAmt059267
IRS990/OtherExpensesGrp/FundraisingAmt11660
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03451
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113502
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22281
IRS990/OtherExpensesGrp/ProgramServicesAmt0108
IRS990/OtherExpensesGrp/ProgramServicesAmt116937
IRS990/OtherExpensesGrp/ProgramServicesAmt25779
IRS990/OtherExpensesGrp/TotalAmt062826
IRS990/OtherExpensesGrp/TotalAmt116937
IRS990/OtherExpensesGrp/TotalAmt213502
IRS990/OtherExpensesGrp/TotalAmt39720
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0104883
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt069922
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0104883
IRS990/OtherSalariesAndWagesGrp/TotalAmt0279688
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt010770
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07180
IRS990/PayrollTaxesGrp/ProgramServicesAmt011966
IRS990/PayrollTaxesGrp/TotalAmt029916
IRS990/PensionPlanContributionsGrp/FundraisingAmt06510
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04340
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05789
IRS990/PensionPlanContributionsGrp/TotalAmt016639
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0240398
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0294235
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0922128
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01081331
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06424
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06609
IRS990/PrincipalOfficerNm0KAY CADY
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03590615
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02330005
IRS990/PYInvestmentIncomeAmt02940
IRS990/PYOtherExpensesAmt0230280
IRS990/PYOtherRevenueAmt0192445
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0684587
IRS990/PYSalariesCompEmpBnftPaidAmt0537628
IRS990/PYTotalExpensesAmt03101413
IRS990/PYTotalProfFndrsngExpnsAmt03500
IRS990/PYTotalRevenueAmt03786000
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0242497
IRS990/RegularMonitoringEnfrcInd01

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,388,702
Liabilities
$123,610
Net assets
$2,265,092
Revenue
$2,484,148
Expenses
$2,241,651
Net income
$242,497
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.7$0.13$17.6$13.7$3.13$10.6
2023Detailed filing. Detailed filing data is available for this year.$6.56$0.13$6.43$3.61$2.33$1.27
2022Detailed filing. Detailed filing data is available for this year.$5.18$0.12$5.06$2.69$1.99$0.70
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.97$0.19$4.77$2.79$1.92$0.87
2020Detailed filing. Detailed filing data is available for this year.$3.68$0.20$3.48$1.41$1.72$0.31
2019Detailed filing. Detailed filing data is available for this year.$3.80$0.11$3.69$2.66$1.97$0.69
2018Detailed filing. Detailed filing data is available for this year.$2.94$0.10$2.84$2.65$2.42$0.23
2017Detailed filing. Detailed filing data is available for this year.$2.66$0.04$2.62$2.03$1.86$0.18
2016Detailed filing. Detailed filing data is available for this year.$2.46$0.10$2.36$2.04$1.96$0.08
2015Detailed filing. Detailed filing data is available for this year.$2.39$0.12$2.27$2.48$2.24$0.24
2014Detailed filing. Detailed filing data is available for this year.$2.09$0.08$2.02$3.79$3.10$0.68
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.05$1.32$1.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.15$1.38$1.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$0.28$1.79$1.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.29$0.86$0.88