Civic Intelligence

Cedar County Fair Association Inc.

990 • Fiscal year 2024 • EIN 42-0681121

Oct 01, 2023 to Sep 30, 2024 • Filed on Dec 31, 2024

PO Box 324Tipton, IA 52772

(563) 886-6170

Siviq Scores

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

Liabilities / Assets

85th percentile

0.11x

Higher debt load relative to assets than 85% of similar nonprofits.

2024 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

0.12x

Higher debt load relative to revenue than 86% of similar nonprofits.

2024 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2024

Net Margin

84th percentile

26%

Higher net margin than 84% of similar nonprofits.

2024 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2024

Asset Growth

91st percentile

29%

Faster asset growth than 91% of similar nonprofits.

2024 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

84th percentile

24%

Faster revenue growth than 84% of similar nonprofits.

2024 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$833,469

Up $185,766 (+29%) from 2023

Net Assets

Up

$743,472

Up $193,638 (+35%) from 2023

Liabilities

Down

$89,997

Down $7,872 (-8.0%) from 2023

Revenue

Up

$733,379

Up $141,906 (+24%) from 2023

Expenses

Down

$539,741

Down $17,510 (-3.1%) from 2023

Net Income

Up

$193,638

Up $159,416 (+466%) from 2023

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $277,815Liabilities 2011: $41,790Net Assets 2011: $236,0252011Assets 2012: $279,759Liabilities 2012: $28,784Net Assets 2012: $250,9752012Assets 2013: $273,650Liabilities 2013: $22,099Net Assets 2013: $251,5512013Assets 2014: $269,367Liabilities 2014: $40,141Net Assets 2014: $229,2262014Assets 2015: $264,304Liabilities 2015: $36,457Net Assets 2015: $227,8472015Assets 2016: $387,895Liabilities 2016: $24,963Net Assets 2016: $362,9322016Assets 2017: $413,024Liabilities 2017: $0Net Assets 2017: $413,0242017Assets 2018: $403,289Liabilities 2018: $0Net Assets 2018: $403,2892018Assets 2019: $541,618Liabilities 2019: $0Net Assets 2019: $541,6182019Assets 2020: $506,674Liabilities 2020: $0Net Assets 2020: $506,6742020Assets 2021: $518,440Liabilities 2021: $12,677Net Assets 2021: $505,7632021Assets 2022: $580,542Liabilities 2022: $64,930Net Assets 2022: $515,6122022Assets 2023: $647,703Liabilities 2023: $97,869Net Assets 2023: $549,8342023Assets 2024: $833,469Liabilities 2024: $89,997Net Assets 2024: $743,4722024Assets 2025: $1,221,831Liabilities 2025: $71,040Net Assets 2025: $1,150,7912025

Highlighted filing

2024

Assets$833,469
Liabilities$89,997
Net Assets$743,472

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $151,1322011Revenue 2012: $174,469Expenses 2012: $159,519Net Income 2012: $14,9502012Revenue 2013: $171,830Expenses 2013: $171,254Net Income 2013: $5762013Revenue 2014: $159,890Expenses 2014: $182,215Net Income 2014: -$22,3252014Revenue 2015: $260,306Expenses 2015: $261,685Net Income 2015: -$1,3792015Revenue 2016: $411,968Expenses 2016: $276,883Net Income 2016: $135,0852016Revenue 2017: $366,098Expenses 2017: $316,006Net Income 2017: $50,0922017Revenue 2018: $332,460Expenses 2018: $342,195Net Income 2018: -$9,7352018Revenue 2019: $491,508Expenses 2019: $353,179Net Income 2019: $138,3292019Revenue 2020: $274,694Expenses 2020: $309,638Net Income 2020: -$34,9442020Revenue 2021: $582,260Expenses 2021: $412,388Net Income 2021: $169,8722021Revenue 2022: $483,841Expenses 2022: $473,992Net Income 2022: $9,8492022Revenue 2023: $591,473Expenses 2023: $557,251Net Income 2023: $34,2222023Revenue 2024: $733,379Expenses 2024: $539,741Net Income 2024: $193,6382024Revenue 2025: $929,767Expenses 2025: $522,448Net Income 2025: $407,3192025

Highlighted filing

2024

Revenue$733,379
Expenses$539,741
Net Income$193,638
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Dec 31, 2024
Return Version
2023v6.0
Gross Receipts
$733,379
Mission and Program Overview

Mission

To provide facilities for public expositions, fairs & recreational activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$549,834$743,472▲ $193,638
Land, Buildings, and Equipment, Net$630,467$592,462▼ $38,005
Savings and Temporary Cash Investments-$221,394-
Cash and Non-Interest-Bearing Accounts$17,236$19,613▲ $2,377
Total Assets$647,703$833,469▲ $185,766
Liabilities
Other Liabilities$97,869$89,997▼ $7,872
Total Liabilities$97,869$89,997▼ $7,872
Net Assets / Fund Balance
Total Net Assets Fund Balance$549,834$743,472▲ $193,638
Total Liabilities and Net Assets / Fund Balance$647,703$833,469▲ $185,766

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$592,462$458,672$2,125
Compensation and Service Providers

Board Members and Trustees

NameTitle
David ShinkerPresident
Brian NeubergerDirector
Craig SmithDirector
Dana PruessDirector
Dean DoerscherDirector
Ed KetelsenDirector
Kevin LichtDirector
Kim SidersDirector
Kyle FitzgeraldDirector
Lynn ChapmanDirector
Patti EdgeDirector
Tom LightDirector
Jenny Jackson2nd VP
Molly Haub3rd VP
Duston AndersonPast Preside
Doug SchroederVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$307,245
Program Service Revenue
$394,176
Investment Income
$1,239
Other Revenue
$30,719
All Other Contributions
$138,016
Change in Net Assets
$193,638
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$539,741
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$45,377--$45,377
Insurance$44,957--$44,957
Advertising$27,382--$27,382
Occupancy$23,602$1,748-$25,350
Other Expenses$11,425--$11,425
Conferences and Meetings-$4,305-$4,305
Office Expenses$3,619--$3,619
Interest$3,284--$3,284
Fees for Services Accounting-$2,312-$2,312
Fees for Services Legal-$314-$314
Depreciation Depletion$21--$21
Total Functional Expenses$531,062$8,679$0$539,741
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Grandstand Project Loan$47,769
Improvements Loan$42,228
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 6

Individuals may purchase a membership with cedar county fair association, inc. And have the right to vote on who becomes a member of the board of directors. Such memberhsips are not tax deductible.

Form 990, Page 6, Part VI, Line 7A

Members elect the board of directors. The board of directors have decision-making authority over the activities of the fair assoication, such as but not limited to setting fair dates, contracting entertainment and event judges, maintaining the fairgrounds and structures, completing bookkeeping and reporting requirements, and complying with state fair regulations for exhibits and livestock shows.

Form 990, Page 6, Part VI, Line 9

Brian neuberger 301 gilbert dr west branch, ia 52358 doug schroeder 971 rose avenue clarence, ia 52216 kim siders 1086 273rd street tipton, ia 52772 david shinker po box 177 stanwood, ia 52337 lynn chapman 1374 old muscatine rd tipton, ia 52772 dean doerscher 1866 hwy 130 bennett, ia 52721 kyle fitzgerald po box 324 tipton, ia 52772 ed ketelsen 545 king ave stanwood, ia 52337 kevin licht 1517 snaggy ridge tipton, ia 52772 dana pruess 506 indian ave mechanicsville, ia 52306 craig smith 955 160th street stanwood , ia 52337 patti edge 776 270th st west branch, ia 52358 tom light 467 adams ave lisbon, ia 52253 jenny jackson po box 324 tipton, ia 52772 molly haub west branch, ia 52358

Form 990, Page 6, Part VI, Line 11B

A copy of the 990 is provided to the secretary/treasurer of the organization who stipulates that a copy is provided to each meember of the governing board of directors prior to signing the 990. If any questions arise, it is addressed with the return preparer and answered prior to signing the 990.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies and financial information is provided to the the public upon written request.

Filing and Contact Details

Filer

Filer Name
Cedar County Fair Association
EIN
42-0681121
Phone
5638866170
Address
PO BOX 324, TIPTON, IA 52772

Signing Officer

Name
David Shinker
Title
President
Phone
5638866170
Signed
2024-12-31

Organization Details

Principal Officer
David Shinker
Formed
1871
Legal Domicile
Ia
Voting Board Members
16
Independent Board Members
16
Employees
0

Preparer

Firm
Ds Webb & Company Pc
Address
46 SPRUCE ST STE 3 / BOX 70, TIPTON, IA 52772
Preparer
Duane S Webb CPA
Phone
5638863006
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INDIVIDUALS MAY PURCHASE A MEMBERSHIP WITH CEDAR COUNTY FAIR ASSOCIATION, INC. AND HAVE THE RIGHT TO VOTE ON WHO BECOMES A MEMBER OF THE BOARD OF DIRECTORS. SUCH MEMBERHSIPS ARE NOT TAX DEDUCTIBLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS HAVE DECISION-MAKING AUTHORITY OVER THE ACTIVITIES OF THE FAIR ASSOICATION, SUCH AS BUT NOT LIMITED TO SETTING FAIR DATES, CONTRACTING ENTERTAINMENT AND EVENT JUDGES, MAINTAINING THE FAIRGROUNDS AND STRUCTURES, COMPLETING BOOKKEEPING AND REPORTING REQUIREMENTS, AND COMPLYING WITH STATE FAIR REGULATIONS FOR EXHIBITS AND LIVESTOCK SHOWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BRIAN NEUBERGER 301 GILBERT DR WEST BRANCH, IA 52358 DOUG SCHROEDER 971 ROSE AVENUE CLARENCE, IA 52216 KIM SIDERS 1086 273RD STREET TIPTON, IA 52772 DAVID SHINKER PO BOX 177 STANWOOD, IA 52337 LYNN CHAPMAN 1374 OLD MUSCATINE RD TIPTON, IA 52772 DEAN DOERSCHER 1866 HWY 130 BENNETT, IA 52721 KYLE FITZGERALD PO BOX 324 TIPTON, IA 52772 ED KETELSEN 545 KING AVE STANWOOD, IA 52337 KEVIN LICHT 1517 SNAGGY RIDGE TIPTON, IA 52772 DANA PRUESS 506 INDIAN AVE MECHANICSVILLE, IA 52306 CRAIG SMITH 955 160TH STREET STANWOOD , IA 52337 PATTI EDGE 776 270TH ST WEST BRANCH, IA 52358 TOM LIGHT 467 ADAMS AVE LISBON, IA 52253 JENNY JACKSON PO BOX 324 TIPTON, IA 52772 MOLLY HAUB WEST BRANCH, IA 52358
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE 990 IS PROVIDED TO THE SECRETARY/TREASURER OF THE ORGANIZATION WHO STIPULATES THAT A COPY IS PROVIDED TO EACH MEEMBER OF THE GOVERNING BOARD OF DIRECTORS PRIOR TO SIGNING THE 990. IF ANY QUESTIONS ARISE, IT IS ADDRESSED WITH THE RETURN PREPARER AND ANSWERED PRIOR TO SIGNING THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, POLICIES AND FINANCIAL INFORMATION IS PROVIDED TO THE THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID SHINKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05638866170
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-12-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CEDAR COUNTY FAIR ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0CEDA
ReturnHeader/Filer/EIN0420681121
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ReturnHeader/Filer/USAddress/CityNm0TIPTON

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.07$1.15$0.93$0.52$0.41
2024Detailed filing. Detailed filing data is available for this year.$0.83$0.09$0.74$0.73$0.54$0.19
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.10$0.55$0.59$0.56$0.03
2022Summary only. Only limited summary data is available for this year.$0.58$0.06$0.52$0.48$0.47$0.01
2021Summary only. Only limited summary data is available for this year.$0.52$0.01$0.51$0.58$0.41$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.00$0.51$0.27$0.31$0.03
2019Summary only. Only limited summary data is available for this year.$0.54$0.00$0.54$0.49$0.35$0.14
2018Summary only. Only limited summary data is available for this year.$0.40$0.00$0.40$0.33$0.34$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.00$0.41$0.37$0.32$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.39$0.02$0.36$0.41$0.28$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.26$0.04$0.23$0.26$0.26$0.00
2014Summary only. Only limited summary data is available for this year.$0.27$0.04$0.23$0.16$0.18$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.27$0.02$0.25$0.17$0.17$0.00
2012Summary only. Only limited summary data is available for this year.$0.28$0.03$0.25$0.17$0.16$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.04$0.24$0.15