Civic Intelligence

Minnesota State Fair Foundation

990 • Fiscal year 2017 • EIN 41-2013696

Nov 01, 2016 to Oct 31, 2017 • Filed on Jun 11, 2018

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

29th percentile

0.02x

Higher debt load relative to assets than 29% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.02x

Higher debt load relative to revenue than 26% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

64th percentile

8.8%

Higher net margin than 64% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

91st percentile

$217,183

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

63rd percentile

7.9%

Faster asset growth than 63% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

36th percentile

-0.5%

Faster revenue growth than 36% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,659,561

Up $194,783 (+7.9%) from 2016

Net Assets

Up

$2,618,311

Up $253,916 (+11%) from 2016

Liabilities

Down

$41,250

Down $59,133 (-59%) from 2016

Revenue

Down

$2,033,557

Down $10,718 (-0.5%) from 2016

Expenses

Down

$1,855,342

Down $106,900 (-5.4%) from 2016

Net Income

Up

$178,215

Up $96,182 (+117%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$2,659,561
Liabilities$41,250
Net Assets$2,618,311

Operations Trend

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

2017

Revenue$2,033,557
Expenses$1,855,342
Net Income$178,215
Jump To
Filing Snapshot
Filing Period
Nov 1, 2016 to Oct 31, 2017
Signed
Jun 11, 2018
Return Version
2016v3.0
Gross Receipts
$2,200,343
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
Savings and Temporary Cash Investments$1,039,789$1,173,936▲ $134,147
Investments in Publicly Traded Securities$356,360$638,421▲ $282,061
Pledges and Grants Receivable$873,325$482,770▼ $390,555
Cash and Non-Interest-Bearing Accounts$182,952$212,878▲ $29,926
Accounts Receivable$4,890$142,206▲ $137,316
Prepaid Expenses and Deferred Charges$5,257$4,698▼ $559
Inventories for Sale or Use$1,952$3,537▲ $1,585
Land, Buildings, and Equipment, Net$253$1,115▲ $862
Total Assets$2,464,778$2,659,561▲ $194,783
Liabilities
Accounts Payable and Accrued Expenses$100,383$41,250▼ $59,133
Total Liabilities$100,383$41,250▼ $59,133
Net Assets / Fund Balance
Unrestricted Net Assets$747,063$1,077,331▲ $330,268
Temporarily Rstr Net Assets$1,288,072$933,818▼ $354,254
Permanently Rstr Net Assets$329,260$607,162▲ $277,902
Total Net Assets Fund Balance$2,364,395$2,618,311▲ $253,916
Total Liabilities and Net Assets / Fund Balance$2,464,778$2,659,561▲ $194,783

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,115$7,242$8,357

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$356,360$221,882▲ $76,085-$638,421
2015$287,477$67,535▲ $17,269-$356,360
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kay CadyFormer Executive DirectorFT$186,061$31,122$217,183

Board Members and Trustees

NameTitle
Mitch DavisBoard Chair
Patty SmithVice Chair
Allen LevineBoard Member
Bert GreenerBoard Member
Brad RibarBoard Member
Cindie SmartBoard Member
Dale BachmanBoard Member
Dan ShogrenBoard Member
Dave MonaBoard Member
David SorensenBoard Member
Frank ParisiBoard Member
Gary CunninghamBoard Member
Jason KoerthBoard Member
Jim SmartBoard Member
John FabieBoard Member
Julie CravenBoard Member
Ken SandvikBoard Member
Linda TankBoard Member
Litton FieldBoard Member
Liz KramerBoard Member
Mike SullivanBoard Member
Sandy CraigheadBoard Member
Sharon WesselBoard Member
Steve PoppenBoard Member
Terry GilberstadtBoard Member
Cynthia CashmanExecutive Director
Jerry HammerSecretary
Jeff HawkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,754,146
Program Service Revenue
$0
Investment Income
$3,813
Other Revenue
$275,598
All Other Contributions
$1,613,906
Change in Net Assets
$178,215

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 Table17$44,370Fair Market Value (FMV)
Other Non Cash Contri Table1$18,101Fair Market Value (FMV)
Other Non Cash Contri Table99$15,306Fair Market Value (FMV)
Other Non Cash Contri Table1$13,885Fair Market Value (FMV)
Other Non Cash Contri Table3$6,016Fair Market Value (FMV)
Other Non Cash Contri Table2$2,853Fair Market Value (FMV)
Total Noncash Contributions123$100,531-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,033,557
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$159,943
Total Revenue per Audited Statements
$2,193,500
Total Revenue per Form 990
$2,033,557
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$974,487
Salaries, Compensation, and Employee Benefits$648,503
Total Fundraising Expense$299,612
Other Expenses$232,352
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$974,487--$974,487
Other Salaries and Wages$95,583$101,594$103,398$300,575
Current Officers, Directors, Trustees, and Key Employees$123,903$74,341$49,560$247,804
Office Expenses$2,009$20,754$30,700$53,463
Other Employee Benefits$13,628$15,424$16,196$45,248
Payroll Taxes$13,248$12,141$11,514$36,903
Fees for Services Accounting-$32,451-$32,451
Pension Plan Contributions$5,000$6,212$6,761$17,973
All Other Expenses$818$7,391$7,997$16,206
Other Expenses$18,061$7,760$69,548$7,760
Fees for Services Other-$4,635$505$5,140
Insurance-$2,581$1,722$4,303
Travel-$756$549$1,305
Conferences and Meetings-$80$1,110$1,190
Depreciation Depletion$60$55$52$167
Interest-$28-$28
Total Functional Expenses$1,246,797$308,933$299,612$1,855,342

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,939,584
Expenses per Audited Statements$1,855,342
Total Expenses per Form 990$1,855,342
Expenses Not Reported on Form 990$84,242
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$936,483
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$79,459
Fundraising Direct Expenses$76,027
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Taste of the Fair$219,699$79,459$14,076$65,383
Total Events$219,699$79,459$76,027$3,432
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
Yes
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 11B

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, and staff members. 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 directors k. Cady and c. Cashman was undertaken during 2017

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
2018-06-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cynthia Cashman
Formed
2001
Legal Domicile
Mn
Voting Board Members
23
Independent Board Members
23
Employees
7
Volunteers
220

Preparer

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

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.

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IRS990/ActivityOrMissionDesc0TO PRESERVE, IMPROVE & SUPPORT THE HISTORIC MINNESOTA STATE FAIR.
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IRS990/Desc0IN 2017, THE MINNESOTA STATE FAIR FOUNDATION GRANTED APPROXIMATELY $1 MILLION (INCLUDING APPROXIMATELY $62,000 FOR IN-KIND) TO THE MINNESOTA STATE FAIR FOR CAPITAL AND PROGRAM IMPROVEMENTS. CASH GRANTS SUPPORTED PERFORMING ARTS THROUGH ARTS A'FAIR; VOCABULARY-BUILDING THROUGH ALPHABET FOREST; PUBLIC ART EXPERIENCE THROUGH GIANT SING ALONG; AGRICULTURAL EDUCATION THROUGH URBAN AG DAY; CONTINUED SUPPORT OF THE WEST END REDEVELOPMENT; AND PROJECTS THAT IMPROVED THE FAIRGROUNDS WITH SEATING AND TREES. FOUNDATION SUPPORT IS ALIGNED WITH THESE STATE FAIR PROGRAM AREAS: AGRICULTURE, ART, 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 23-MEMBER BOARD OF DIRECTORS.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt270
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2831122
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IRS990/Form990PartVIISectionAGrp/PersonNm1PATTY SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm2JERRY HAMMER
IRS990/Form990PartVIISectionAGrp/PersonNm3JEFF HAWKINS
IRS990/Form990PartVIISectionAGrp/PersonNm4DALE BACHMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5SANDY CRAIGHEAD
IRS990/Form990PartVIISectionAGrp/PersonNm6JULIE CRAVEN
IRS990/Form990PartVIISectionAGrp/PersonNm7GARY CUNNINGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm8JOHN FABIE
IRS990/Form990PartVIISectionAGrp/PersonNm9LITTON FIELD
IRS990/Form990PartVIISectionAGrp/PersonNm10TERRY GILBERSTADT
IRS990/Form990PartVIISectionAGrp/PersonNm11BERT GREENER
IRS990/Form990PartVIISectionAGrp/PersonNm12JASON KOERTH
IRS990/Form990PartVIISectionAGrp/PersonNm13LIZ KRAMER
IRS990/Form990PartVIISectionAGrp/PersonNm14ALLEN LEVINE
IRS990/Form990PartVIISectionAGrp/PersonNm15DAVE MONA
IRS990/Form990PartVIISectionAGrp/PersonNm16FRANK PARISI
IRS990/Form990PartVIISectionAGrp/PersonNm17STEVE POPPEN
IRS990/Form990PartVIISectionAGrp/PersonNm18BRAD RIBAR
IRS990/Form990PartVIISectionAGrp/PersonNm19KEN SANDVIK
IRS990/Form990PartVIISectionAGrp/PersonNm20DAN SHOGREN
IRS990/Form990PartVIISectionAGrp/PersonNm21CINDIE SMART
IRS990/Form990PartVIISectionAGrp/PersonNm22JIM SMART
IRS990/Form990PartVIISectionAGrp/PersonNm23DAVID SORENSEN
IRS990/Form990PartVIISectionAGrp/PersonNm24MIKE SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm25LINDA TANK
IRS990/Form990PartVIISectionAGrp/PersonNm26SHARON WESSEL
IRS990/Form990PartVIISectionAGrp/PersonNm27CYNTHIA CASHMAN
IRS990/Form990PartVIISectionAGrp/PersonNm28KAY CADY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt28186061
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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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/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
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/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt27EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28FORMER EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0140240
IRS990/FundraisingDirectExpensesAmt076027
IRS990/FundraisingGrossIncomeAmt079459
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GrantAmt0974487
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0974487
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0974487
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02200343
IRS990/GrossSalesOfInventoryAmt0362925
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt023
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt01722
IRS990/InsuranceGrp/ManagementAndGeneralAmt02581
IRS990/InsuranceGrp/TotalAmt04303
IRS990/InterestGrp/ManagementAndGeneralAmt028
IRS990/InterestGrp/TotalAmt028
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01952
IRS990/InventoriesForSaleOrUseGrp/EOYAmt03537
IRS990/InvestmentIncomeGrp/ExclusionAmt03813
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03813
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0356360
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0638421
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07242
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0253
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01115
IRS990/LandBldgEquipCostOrOtherBssAmt08357
IRS990/LegalDomicileStateCd0MN
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/NetAssetsOrFundBalancesBOYAmt02364395
IRS990/NetAssetsOrFundBalancesEOYAmt02618311
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt03432
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt03432
IRS990/NetIncomeOrLossGrp/ExclusionAmt0272166
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0272166
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt075701
IRS990/NoncashContributionsAmt0100531
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt030700
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt020754
IRS990/OfficeExpensesGrp/ProgramServicesAmt02009
IRS990/OfficeExpensesGrp/TotalAmt053463
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt016196
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015424
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt013628
IRS990/OtherEmployeeBenefitsGrp/TotalAmt045248
IRS990/OtherExpensesGrp/Desc0MATERIALS
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/Desc2SALES TAXES
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt069548
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01841
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt120889
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27760
IRS990/OtherExpensesGrp/ProgramServicesAmt018061
IRS990/OtherExpensesGrp/TotalAmt071389
IRS990/OtherExpensesGrp/TotalAmt120889
IRS990/OtherExpensesGrp/TotalAmt218061
IRS990/OtherExpensesGrp/TotalAmt37760
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0103398
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0101594
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt095583
IRS990/OtherSalariesAndWagesGrp/TotalAmt0300575
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt011514
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012141
IRS990/PayrollTaxesGrp/ProgramServicesAmt013248
IRS990/PayrollTaxesGrp/TotalAmt036903
IRS990/PensionPlanContributionsGrp/FundraisingAmt06761
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06212
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05000

Document Assets

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Filings

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