Civic Intelligence

Minnesota State Fair Foundation

990 • Fiscal year 2019 • EIN 41-2013696

Nov 01, 2018 to Oct 31, 2019 • Filed on Mar 11, 2020

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

37th percentile

0.03x

Higher debt load relative to assets than 37% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

36th percentile

0.04x

Higher debt load relative to revenue than 36% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

82nd percentile

26%

Higher net margin than 82% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

89th percentile

$198,957

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

85th percentile

29%

Faster asset growth than 85% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

40th percentile

0.4%

Faster revenue growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$3,796,174

Up $856,654 (+29%) from 2018

Net Assets

Up

$3,687,404

Up $843,836 (+30%) from 2018

Liabilities

Up

$108,770

Up $12,818 (+13%) from 2018

Revenue

Up

$2,660,144

Up $10,615 (+0.4%) from 2018

Expenses

Down

$1,972,256

Down $448,813 (-19%) from 2018

Net Income

Up

$687,888

Up $459,428 (+201%) from 2018

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

2019

Assets$3,796,174
Liabilities$108,770
Net Assets$3,687,404

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

2019

Revenue$2,660,144
Expenses$1,972,256
Net Income$687,888
Jump To
Filing Snapshot
Filing Period
Nov 1, 2018 to Oct 31, 2019
Signed
Mar 11, 2020
Return Version
2018v3.1
Gross Receipts
$2,812,807
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 and improve and support the historic minnesota state fair.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,183,915$1,603,837▲ $419,922
Investments in Publicly Traded Securities$942,474$1,159,763▲ $217,289
Cash and Non-Interest-Bearing Accounts$535,322$749,305▲ $213,983
Accounts Receivable$266,313$264,835▼ $1,478
Prepaid Expenses and Deferred Charges$5,602$11,375▲ $5,773
Inventories for Sale or Use$5,003$6,271▲ $1,268
Land, Buildings, and Equipment, Net$891$788▼ $103
Total Assets$2,939,520$3,796,174▲ $856,654
Liabilities
Accounts Payable and Accrued Expenses$95,952$108,770▲ $12,818
Total Liabilities$95,952$108,770▲ $12,818
Net Assets / Fund Balance
Unrestricted Net Assets$1,154,230$1,481,595▲ $327,365
Permanently Rstr Net Assets$1,015,446$1,202,926▲ $187,480
Temporarily Rstr Net Assets$673,892$1,002,883▲ $328,991
Total Net Assets Fund Balance$2,843,568$3,687,404▲ $843,836
Total Liabilities and Net Assets / Fund Balance$2,939,520$3,796,174▲ $856,654

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$788$6,025$6,813

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$942,474$108,734▲ $130,635-$1,159,763
2017$638,421$325,446▼ $6,393-$942,474
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cynthia CashmanFormer Executive DirectorFT$167,371$31,586$198,957

Board Members and Trustees

NameTitle
Patty SmithBoard Chair
Sandy CraigheadVice Chair
Allen LevineBoard Member
Bert GreenerBoard Member
Brad RibarBoard Member
Dale BachmanBoard Member
Dan ShogrenBoard Member
Dave MonaBoard Member
David SorensenBoard Member
Frank ParisiBoard Member
Jason KoerthBoard Member
John FabieBoard Member
Julie CravenBoard Member
Ken SandvikBoard Member
Linda TankBoard Member
Litton FieldBoard Member
Liz KramerBoard Member
Mike SullivanBoard Member
Paul MerkinsBoard Member
Mary ChungExecutive Director
Jerry HammerSecretary
Jeff HawkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,334,736
Program Service Revenue
$0
Investment Income
$511
Other Revenue
$324,897
All Other Contributions
$2,179,251
Change in Net Assets
$687,888

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 Table16$42,176Fair Market Value (FMV)
Other Non Cash Contri Table2$32,000Fair Market Value (FMV)
Other Non Cash Contri Table2$26,997Fair Market Value (FMV)
Other Non Cash Contri Table15$7,179Fair Market Value (FMV)
Other Non Cash Contri Table1$4,805Fair Market Value (FMV)
Total Noncash Contributions36$113,157-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,660,144
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$210,529
Total Revenue per Audited Statements
$2,870,673
Total Revenue per Form 990
$2,660,144
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,001,250
Salaries, Compensation, and Employee Benefits$623,992
Total Fundraising Expense$486,142
Other Expenses$311,705
Professional Fundraising Fees$35,309

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,001,250--$1,001,250
Other Salaries and Wages$80,512$99,682$203,198$383,392
Current Officers, Directors, Trustees, and Key Employees$44,251$22,125$44,251$110,627
Other Employee Benefits$14,108$16,972$34,552$65,632
Office Expenses$1,900$2,735$35,741$40,376
Payroll Taxes$8,820$9,111$18,514$36,445
Fees for Services Professional Fundraising--$35,309$35,309
Fees for Services Accounting-$34,115-$34,115
Fees for Services Other$6,998$24,932$1,180$33,110
All Other Expenses$3,448$4,249$24,630$32,327
Pension Plan Contributions$6,961$6,905$14,030$27,896
Other Expenses$4,411$10,682$3,607$18,700
Conferences and Meetings$1,013$3,769$2,452$7,234
Insurance-$2,215$1,091$3,306
Fees for Services Legal-$1,470-$1,470
Travel-$302$497$799
Depreciation Depletion$25$26$52$103
Information Technology$15$15$30$60
Total Functional Expenses$1,212,331$273,783$486,142$1,972,256

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,026,837
Expenses per Audited Statements$1,972,256
Total Expenses per Form 990$1,972,256
Expenses Not Reported on Form 990$54,581
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$941,003
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$81,515
Fundraising Direct Expenses$60,707
Professional Fundraising Fees$35,309

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Taste of the Fair$237,000$81,515$8,702$72,813
Total Events$237,000$81,515$60,707$20,808
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
Backup withholding compliance
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 either on the employment anniversary or a change in position. Compensation is based on a market review and is consistent with the state fair pay scales. A new executive director was hired during the year and a similar process was used to establish the range of compensation for this position.

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
Sandy Craighead
Title
Board Chair
Phone
6512884323
Signed
2020-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Chung
Formed
2001
Legal Domicile
Mn
Voting Board Members
25
Independent Board Members
25
Employees
13
Volunteers
275

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.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses in excess of direct benefit 19,781.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses in excess of direct benefit 19,781.

Raw XML AppendixShowing 400 of 760 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 2019, THE MINNESOTA STATE FAIR FOUNDATION GRANTED APPROXIMATELY $1 MILLION (INCLUDING APPROXIMATELY $60,000 FOR IN-KIND) TO THE MINNESOTA STATE FAIR FOR CAPITAL AND PROGRAM IMPROVEMENTS. CASH GRANTS SUPPORTED PERFORMING ARTS THROUGH STUDIO:HERE; AGRICULTURAL EDUCATION THROUGH URBAN AG DAY; CONTINUED SUPPORT OF THE WEST END REDEVELOPMENT; REDEVELOPMENT AND ENHANCEMENT OF THE NORTH END INCLUDING THE NEW "FAIRSTALK; IMPROVEMENTS TO THE SWINE BARN; RECYCLING EFFORTS; AND PROJECTS THAT IMPROVED THE FAIRGROUNDS WITH VENTILATION, 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.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2131586
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/PersonNm0PATTY SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm1SANDY CRAIGHEAD
IRS990/Form990PartVIISectionAGrp/PersonNm2JERRY HAMMER
IRS990/Form990PartVIISectionAGrp/PersonNm3JEFF HAWKINS
IRS990/Form990PartVIISectionAGrp/PersonNm4DALE BACHMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5JULIE CRAVEN
IRS990/Form990PartVIISectionAGrp/PersonNm6JOHN FABIE
IRS990/Form990PartVIISectionAGrp/PersonNm7LITTON FIELD
IRS990/Form990PartVIISectionAGrp/PersonNm8BERT GREENER
IRS990/Form990PartVIISectionAGrp/PersonNm9JASON KOERTH
IRS990/Form990PartVIISectionAGrp/PersonNm10LIZ KRAMER
IRS990/Form990PartVIISectionAGrp/PersonNm11ALLEN LEVINE
IRS990/Form990PartVIISectionAGrp/PersonNm12PAUL MERKINS
IRS990/Form990PartVIISectionAGrp/PersonNm13DAVE MONA
IRS990/Form990PartVIISectionAGrp/PersonNm14FRANK PARISI
IRS990/Form990PartVIISectionAGrp/PersonNm15BRAD RIBAR
IRS990/Form990PartVIISectionAGrp/PersonNm16KEN SANDVIK
IRS990/Form990PartVIISectionAGrp/PersonNm17DAN SHOGREN
IRS990/Form990PartVIISectionAGrp/PersonNm18DAVID SORENSEN
IRS990/Form990PartVIISectionAGrp/PersonNm19MIKE SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm20LINDA TANK
IRS990/Form990PartVIISectionAGrp/PersonNm21CYNTHIA CASHMAN
IRS990/Form990PartVIISectionAGrp/PersonNm22MARY CHUNG
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/ReportableCompFromOrgAmt21167371
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
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/TitleTxt21FORMER EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0155485
IRS990/FundraisingDirectExpensesAmt060707
IRS990/FundraisingGrossIncomeAmt081515
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt025
IRS990/GrantAmt01001250
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01001250
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01001250
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02812807
IRS990/GrossSalesOfInventoryAmt0396045
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt025
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt030
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt015
IRS990/InformationTechnologyGrp/ProgramServicesAmt015
IRS990/InformationTechnologyGrp/TotalAmt060
IRS990/InsuranceGrp/FundraisingAmt01091
IRS990/InsuranceGrp/ManagementAndGeneralAmt02215
IRS990/InsuranceGrp/TotalAmt03306
IRS990/InventoriesForSaleOrUseGrp/BOYAmt05003
IRS990/InventoriesForSaleOrUseGrp/EOYAmt06271
IRS990/InvestmentIncomeGrp/ExclusionAmt0511
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0511
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0942474
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01159763
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06025
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0891
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0788
IRS990/LandBldgEquipCostOrOtherBssAmt06813
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/NetAssetsOrFundBalancesBOYAmt02843568
IRS990/NetAssetsOrFundBalancesEOYAmt03687404
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt020808
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt020808
IRS990/NetIncomeOrLossGrp/ExclusionAmt0304089
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0304089
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0155948
IRS990/NoncashContributionsAmt0113157
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt035741
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02735
IRS990/OfficeExpensesGrp/ProgramServicesAmt01900
IRS990/OfficeExpensesGrp/TotalAmt040376
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt034552
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016972
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014108
IRS990/OtherEmployeeBenefitsGrp/TotalAmt065632
IRS990/OtherExpensesGrp/Desc0MATERIALS
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/Desc2SALES TAXES
IRS990/OtherExpensesGrp/Desc3FOOD
IRS990/OtherExpensesGrp/FundraisingAmt067008
IRS990/OtherExpensesGrp/FundraisingAmt13607
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07478
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt127000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt210682
IRS990/OtherExpensesGrp/ProgramServicesAmt018918
IRS990/OtherExpensesGrp/ProgramServicesAmt119701
IRS990/OtherExpensesGrp/ProgramServicesAmt24411
IRS990/OtherExpensesGrp/TotalAmt093404
IRS990/OtherExpensesGrp/TotalAmt127000
IRS990/OtherExpensesGrp/TotalAmt219701
IRS990/OtherExpensesGrp/TotalAmt318700
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0203198
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt099682
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt080512
IRS990/OtherSalariesAndWagesGrp/TotalAmt0383392
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt018514
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09111
IRS990/PayrollTaxesGrp/ProgramServicesAmt08820
IRS990/PayrollTaxesGrp/TotalAmt036445
IRS990/PensionPlanContributionsGrp/FundraisingAmt014030
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06905
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06961
IRS990/PensionPlanContributionsGrp/TotalAmt027896
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01015446
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01202926
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05602
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011375
IRS990/PrincipalOfficerNm0MARY CHUNG
IRS990/ProfessionalFundraisingInd01
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02390058
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01440581
IRS990/PYInvestmentIncomeAmt07583
IRS990/PYOtherExpensesAmt0260587
IRS990/PYOtherRevenueAmt0251888
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0228460
IRS990/PYSalariesCompEmpBnftPaidAmt0719901
IRS990/PYTotalExpensesAmt02421069
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02649529
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0687888
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00

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