Civic Intelligence

Lee County Fair

990 • Fiscal year 2023 • EIN 42-0696098

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 24, 2024

PO Box 179Donnellson, IA 52625

(319) 371-5548

Siviq Scores

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

Liabilities / Assets

86th percentile

0.13x

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

2023 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

0.35x

Higher debt load relative to revenue than 92% of similar nonprofits.

2023 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2023

Net Margin

22nd percentile

-6.0%

Higher net margin than 22% of similar nonprofits.

2023 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2023 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2023

Asset Growth

76th percentile

12%

Faster asset growth than 76% of similar nonprofits.

2023 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

18th percentile

-6.9%

Faster revenue growth than 18% of similar nonprofits.

2023 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$821,562

Up $87,003 (+12%) from 2022

Net Assets

Down

$716,812

Down $17,747 (-2.4%) from 2022

Liabilities

Up

$104,750

Up $104,750 from 2022

Revenue

Down

$295,496

Down $21,788 (-6.9%) from 2022

Expenses

Down

$313,243

Down $18,508 (-5.6%) from 2022

Net Income

Down

-$17,747

Down $3,280 (-23%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $601,043Liabilities 2010: $0Net Assets 2010: $601,0432010Assets 2011: $679,229Liabilities 2011: $0Net Assets 2011: $679,2292011Assets 2012: $640,300Liabilities 2012: $25,000Net Assets 2012: $615,3002012Assets 2013: $619,058Liabilities 2013: $0Net Assets 2013: $619,0582013Assets 2014: $617,594Liabilities 2014: $10,000Net Assets 2014: $607,5942014Assets 2015: $621,453Liabilities 2015: $10,000Net Assets 2015: $611,4532015Assets 2016: $706,716Liabilities 2016: $24,000Net Assets 2016: $682,7162016Assets 2017: $728,207Liabilities 2017: $18,000Net Assets 2017: $710,2072017Assets 2018: $737,735Liabilities 2018: $12,360Net Assets 2018: $725,3752018Assets 2019: $818,672Liabilities 2019: $0Net Assets 2019: $818,6722019Assets 2020: $810,427Liabilities 2020: $0Net Assets 2020: $810,4272020Assets 2021: $749,026Liabilities 2021: $0Net Assets 2021: $749,0262021Assets 2022: $734,559Liabilities 2022: $0Net Assets 2022: $734,5592022Assets 2023: $821,562Liabilities 2023: $104,750Net Assets 2023: $716,8122023Assets 2024: $786,152Liabilities 2024: $0Net Assets 2024: $786,1522024

Highlighted filing

2023

Assets$821,562
Liabilities$104,750
Net Assets$716,812

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $144,1972010Expenses 2011: $252,1602011Expenses 2012: $240,3652012Revenue 2013: $252,399Expenses 2013: $248,641Net Income 2013: $3,7582013Revenue 2014: $199,214Expenses 2014: $215,734Net Income 2014: -$16,5202014Revenue 2015: $250,898Expenses 2015: $247,039Net Income 2015: $3,8592015Revenue 2016: $791,531Expenses 2016: $720,268Net Income 2016: $71,2632016Revenue 2017: $748,535Expenses 2017: $721,044Net Income 2017: $27,4912017Revenue 2018: $682,154Expenses 2018: $666,986Net Income 2018: $15,1682018Revenue 2019: $469,086Expenses 2019: $386,659Net Income 2019: $82,4272019Revenue 2020: $150,413Expenses 2020: $158,658Net Income 2020: -$8,2452020Revenue 2021: $249,296Expenses 2021: $310,697Net Income 2021: -$61,4012021Revenue 2022: $317,284Expenses 2022: $331,751Net Income 2022: -$14,4672022Revenue 2023: $295,496Expenses 2023: $313,243Net Income 2023: -$17,7472023Revenue 2024: $430,916Expenses 2024: $361,576Net Income 2024: $69,3402024

Highlighted filing

2023

Revenue$295,496
Expenses$313,243
Net Income-$17,747
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 24, 2024
Return Version
2023v5.0
Gross Receipts
$323,606
Mission and Program Overview

Mission

LEE COUNTY, IOWA FAIR

To support agriculture education and development for youths in lee county, iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$512,948$626,251▲ $113,303
Savings and Temporary Cash Investments$144,246$160,140▲ $15,894
Cash and Non-Interest-Bearing Accounts$60,590$21,171▼ $39,419
Intangible Assets$16,000$14,000▼ $2,000
Accounts Receivable$775--
Total Assets$734,559$821,562▲ $87,003
Liabilities
Unsecured Notes Loans Payable-$104,750-
Total Liabilities$0$104,750▲ $104,750
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$734,559$716,812▼ $17,747
Total Net Assets Fund Balance$734,559$716,812▼ $17,747
Total Liabilities and Net Assets / Fund Balance$734,559$821,562▲ $87,003

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$544,701$712,719$1,257,420
Land$81,550-$81,550
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bryan BredemeyerPresident
Ashleigh BurgessDirector
Chad SchneiderDirector
Cole NewberryDirector
Dan BennerDirector
Jenna WenkeDirector
Jerry McgeeDirector
Jim GillenwaterDirector
Kent BrisbyDirector
Mason HolvoetDirector
Remy WellmanDirector
Skyler WrightDirector
Sydney KramerDirector
Tony JohnsonDirector
Wendi SchwartzDirector
Katie WilsonFair Manager
Mel KramerTreasurer
Tammy LemasterVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$89,412
Program Service Revenue
$174,942
Investment Income
$644
Other Revenue
$30,498
All Other Contributions
$89,412
Change in Net Assets
$-17,747
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$308,097
Salaries, Compensation, and Employee Benefits$5,146
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$31,895--$31,895
Insurance$30,744--$30,744
Occupancy$24,484--$24,484
Information Technology$9,811--$9,811
Advertising$7,679--$7,679
Other Expenses$7,168--$7,168
All Other Expenses$6,148--$6,148
Other Salaries and Wages$4,525--$4,525
Fees for Services Accounting$1,401$1,401-$2,802
Office Expenses$1,391$1,392-$2,783
Travel$2,477--$2,477
Payroll Taxes$621--$621
Total Functional Expenses$310,450$2,793$0$313,243
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Lee County Fair
EIN
42-0696098
Phone
3193715548
Address
PO BOX 179, DONNELLSON, IA 52625

Signing Officer

Name
Katie Wilson
Title
Fair Manager
Phone
3193715548
Signed
2024-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katie Wilson
Formed
1945
Legal Domicile
Ia
Voting Board Members
18
Independent Board Members
18
Employees
2

Preparer

Firm
Menke & Company
Address
406 AVENUE E PO BOX 135, WEST POINT, IA 52656-0135
Preparer
Laura a Menke
Phone
3198376042
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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/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt036171
IRS990/PYInvestmentIncomeAmt0200
IRS990/PYOtherExpensesAmt0324514
IRS990/PYOtherRevenueAmt014938
IRS990/PYProgramServiceRevenueAmt0265975
IRS990/PYRevenuesLessExpensesAmt0-14467
IRS990/PYSalariesCompEmpBnftPaidAmt07237
IRS990/PYTotalExpensesAmt0331751
IRS990/PYTotalRevenueAmt0317284
IRS990/ReconcilationRevenueExpnssAmt0-17747
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt014412
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0144246
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0160140
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LandGrp/BookValueAmt081550
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt081550
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0544701
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0712719
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01257420
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0626251
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0734559
IRS990/TotalAssetsEOYAmt0821562
IRS990/TotalAssetsGrp/BOYAmt0734559
IRS990/TotalAssetsGrp/EOYAmt0821562
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt089412
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02793
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0310450
IRS990/TotalFunctionalExpensesGrp/TotalAmt0313243
IRS990/TotalGrossUBIAmt016086
IRS990/TotalLiabilitiesEOYAmt0104750
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0104750
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0734559
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0716812
IRS990/TotalProgramServiceRevenueAmt0174942
IRS990/TotalRevenueGrp/ExclusionAmt0189998
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0295496
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt016086
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0734559
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0821562
IRS990/TravelGrp/ProgramServicesAmt02477
IRS990/TravelGrp/TotalAmt02477
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0104750
IRS990/USAddress/AddressLine1Txt01100 N MAIN PO BOX 179
IRS990/USAddress/CityNm0DONNELSON
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052625
IRS990/VotingMembersGoverningBodyCnt018
IRS990/VotingMembersIndependentCnt018
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATIE WILSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FAIR MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum03193715548
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEE COUNTY FAIR
ReturnHeader/Filer/BusinessNameControlTxt0LEEC
ReturnHeader/Filer/EIN0420696098
ReturnHeader/Filer/PhoneNum03193715548
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 179
ReturnHeader/Filer/USAddress/CityNm0DONNELLSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052625
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421363298
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MENKE & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0406 AVENUE E PO BOX 135
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST POINT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0526560135
ReturnHeader/PreparerPersonGrp/PhoneNum03198376042
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURA A MENKE
ReturnHeader/ReturnTs02024-11-01T11:46:01-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.86$0.00$7.86$4.31$3.62$0.69
2023Detailed filing. Detailed filing data is available for this year.$8.22$1.05$7.17$2.95$3.13$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.35$0.00$7.35$3.17$3.32$0.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.49$0.00$7.49$2.49$3.11$0.61
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.10$0.00$8.10$1.50$1.59$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.19$0.00$8.19$4.69$3.87$0.82
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.38$0.12$7.25$6.82$6.67$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.28$0.18$7.10$7.49$7.21$0.27
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.07$0.24$6.83$7.92$7.20$0.71
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.21$0.10$6.11$2.51$2.47$0.04
2014Detailed filing. Detailed filing data is available for this year.$6.18$0.10$6.08$1.99$2.16$0.17
2013Detailed filing. Detailed filing data is available for this year.$6.19$0.00$6.19$2.52$2.49$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.40$0.25$6.15$2.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.79$0.00$6.79$2.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.01$0.00$6.01$1.44