Civic Intelligence

Clay County Fair Charitable Trust C/O Clay County Fair Assoc Inc

990 • Fiscal year 2014 • EIN 42-1407793

Nov 01, 2013 to Oct 31, 2014 • Filed on Feb 02, 2015

1404 4th Avenue West PO Box 52751301-0527

(712) 262-4740

Siviq Scores

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

Liabilities / Assets

64th percentile

0.02x

Higher debt load relative to assets than 64% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

0.17x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

3rd percentile

-149%

Higher net margin than 3% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

95th percentile

$65,000

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 238.4% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

26th percentile

-13%

Faster asset growth than 26% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

3rd percentile

-86%

Faster revenue growth than 3% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$273,038

Down $39,181 (-13%) from 2013

Net Assets

Down

$268,293

Down $40,726 (-13%) from 2013

Liabilities

Up

$4,745

Up $1,545 (+48%) from 2013

Revenue

Down

$27,264

Down $167,050 (-86%) from 2013

Expenses

Up

$67,990

Up $45,029 (+196%) from 2013

Net Income

Down

-$40,726

Down $212,079 (-124%) from 2013

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 2010: $144,249Liabilities 2010: $1,145Net Assets 2010: $143,1042010Assets 2011: $138,978Liabilities 2011: $1,460Net Assets 2011: $137,5182011Assets 2012: $141,506Liabilities 2012: $3,839Net Assets 2012: $137,6672012Assets 2013: $312,219Liabilities 2013: $3,200Net Assets 2013: $309,0192013Assets 2014: $273,038Liabilities 2014: $4,745Net Assets 2014: $268,2932014Assets 2015: $910,987Liabilities 2015: $4,745Net Assets 2015: $906,2422015Assets 2016: $1,090,875Liabilities 2016: $4,877Net Assets 2016: $1,085,9982016Assets 2017: $1,163,758Liabilities 2017: $0Net Assets 2017: $1,163,7582017Assets 2018: $496,930Liabilities 2018: $0Net Assets 2018: $496,9302018Assets 2019: $364,126Liabilities 2019: $3,067Net Assets 2019: $361,0592019Assets 2020: $1,082,274Liabilities 2020: $0Net Assets 2020: $1,082,2742020Assets 2021: $964,408Liabilities 2021: $0Net Assets 2021: $964,4082021Assets 2022: $944,778Liabilities 2022: $0Net Assets 2022: $944,7782022Assets 2023: $557,064Liabilities 2023: $0Net Assets 2023: $557,0642023Assets 2024: $621,696Liabilities 2024: $0Net Assets 2024: $621,6962024

Highlighted filing

2014

Assets$273,038
Liabilities$4,745
Net Assets$268,293

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2010: $44,6082010Revenue 2011: $5,714Expenses 2011: $11,300Net Income 2011: -$5,5862011Revenue 2012: $8,189Expenses 2012: $8,040Net Income 2012: $1492012Revenue 2013: $194,314Expenses 2013: $22,961Net Income 2013: $171,3532013Revenue 2014: $27,264Expenses 2014: $67,990Net Income 2014: -$40,7262014Revenue 2015: $726,268Expenses 2015: $88,319Net Income 2015: $637,9492015Revenue 2016: $206,171Expenses 2016: $26,415Net Income 2016: $179,7562016Revenue 2017: $177,368Expenses 2017: $99,608Net Income 2017: $77,7602017Revenue 2018: $36,838Expenses 2018: $703,666Net Income 2018: -$666,8282018Revenue 2019: $135,038Expenses 2019: $270,909Net Income 2019: -$135,8712019Revenue 2020: $1,006,225Expenses 2020: $285,010Net Income 2020: $721,2152020Revenue 2021: $652,165Expenses 2021: $770,031Net Income 2021: -$117,8662021Revenue 2022: $196,589Expenses 2022: $166,219Net Income 2022: $30,3702022Revenue 2023: $152,717Expenses 2023: $540,431Net Income 2023: -$387,7142023Revenue 2024: $19,725Expenses 2024: $4,279Net Income 2024: $15,4462024

Highlighted filing

2014

Revenue$27,264
Expenses$67,990
Net Income-$40,726
Jump To
Filing Snapshot
Filing Period
Nov 1, 2013 to Oct 31, 2014
Signed
Feb 2, 2015
Return Version
2013v4.0
Gross Receipts
$39,146
Mission and Program Overview

Mission

Financial support for the clay county fair.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$308,447$267,620▼ $40,827
Land, Buildings, and Equipment, Net$3,772$5,418▲ $1,646
Total Assets$312,219$273,038▼ $39,181
Liabilities
Accounts Payable and Accrued Expenses$3,200$4,745▲ $1,545
Total Liabilities$3,200$4,745▲ $1,545
Net Assets / Fund Balance
Unrestricted Net Assets$309,019$268,293▼ $40,726
Total Net Assets Fund Balance$309,019$268,293▼ $40,726
Total Liabilities and Net Assets / Fund Balance$312,219$273,038▼ $39,181

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,418$254$5,672
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jeremy ParsonsManager/sec$65,000$65,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$24,314
Program Service Revenue
$0
Investment Income
$339
Other Revenue
$2,611
All Other Contributions
$19,748
Change in Net Assets
$-40,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$66,990
Grants and Similar Amounts Paid$1,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$40,035--$40,035
Fees for Services Other$24,138--$24,138
Other Expenses$1,053--$1,053
Fees for Services Accounting$1,005--$1,005
Grants to Domestic Individuals$1,000--$1,000
Travel$553--$553
Depreciation Depletion$206--$206
Total Functional Expenses$67,990$0$0$67,990
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,567
Fundraising Gross Income$1,222
Professional Fundraising Fees$0
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
Backup withholding compliance
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

Reviewed by governing body.

Form 990, Page 6, Part VI, Line 19

A copy of documents required to be made public are available in the office of the organization for review as requested.

Filing and Contact Details

Filer

EIN
42-1407793
Phone
7122624740

Signing Officer

Name
Dave Simington
Title
President
Phone
7122624740
Signed
2015-02-02

Organization Details

Principal Officer
Dave Simington
Formed
1993
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Preparer
James a Higgins CPA
Phone
7122625476
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Scholarships provided to individuals pursuing a secondary education.

Form 990, Part IX, Line 11G

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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27MANAGER/SEC
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01993
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingAmt04566
IRS990/FundraisingDirectExpensesAmt02567
IRS990/FundraisingGrossIncomeAmt01222
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt039146
IRS990/GrossSalesOfInventoryAmt013081
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt010
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0339
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0339
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0254
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03772
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05418
IRS990/LandBldgEquipCostOrOtherBssAmt05672
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0FINANCIAL SUPPORT FOR THE CLAY COUNTY FAIR.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0309019
IRS990/NetAssetsOrFundBalancesEOYAmt0268293
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-1345
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt03766
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt03766
IRS990/NoncashContributionsAmt01222
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt01053
IRS990/OtherExpensesGrp/TotalAmt01053
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/Desc1POSTAGE REIMBURSEMENT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0180
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt110
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0180
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt110
IRS990/OtherRevenueTotalAmt0190
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt040035
IRS990/PaymentsToAffiliatesGrp/TotalAmt040035
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DAVE SIMINGTON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SCHOLARSHIPS PROVIDED TO INDIVIDUALS PURSUING A SECONDARY EDUCATION.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01000
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt01000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0195055
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0311
IRS990/PYOtherExpensesAmt022961
IRS990/PYOtherRevenueAmt0-1052
IRS990/PYRevenuesLessExpensesAmt0171353
IRS990/PYTotalExpensesAmt022961
IRS990/PYTotalRevenueAmt0194314
IRS990/ReconcilationRevenueExpnssAmt0-40726
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0308447
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0267620
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0BOX CARS SOLD AT FAIR 590
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt1FOR THE FISCAL YEAR ENDED OCTOBER 31, 2013, AN UNUSUAL GRANT OF 150,000 WAS INCORRECTLY INCLUDED ON SCHEDULE A, PART II, SECTION A, COLUMN (E), LINE 1. WE ARE CORRECTING THIS INCORRECT INCLUSION ON SCHEDULE A, PART II, SECTION A, COLUMN(D), LINE 1 FOR THE FISCAL YEAR ENDED OCTOBER 31, 2014.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc1SUPPLEMENTAL INFORMATION
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt024314
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt045055
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt07948
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt013210
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt08284
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt098811
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0339
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0311
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0241
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0404
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0689
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01984
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt014832
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0180
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0160
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt080
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt090
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt080
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0590
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.65900
IRS990ScheduleA/PublicSupportPY170Pct00.45850
IRS990ScheduleA/PublicSupportTotal170Amt066811
IRS990ScheduleA/SubstantialContributorsTotAmt032000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt024314
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt045055
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt07948
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt013210
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt08284
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt098811
IRS990ScheduleA/TotalSupportAmt0101385
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$0.02$0.00$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.00$0.56$0.15$0.54$0.39
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.00$0.94$0.20$0.17$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.00$0.96$0.65$0.77$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.00$1.08$1.01$0.29$0.72
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.36$0.00$0.36$0.14$0.27$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.50$0.00$0.50$0.04$0.70$0.67
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.00$1.16$0.18$0.10$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$0.21$0.03$0.18
2015Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.73$0.09$0.64
2014Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.03$0.07$0.04
2013Summary only. Only limited summary data is available for this year.$0.31$0.00$0.31$0.19$0.02$0.17
2012Summary only. Only limited summary data is available for this year.$0.14$0.00$0.14$0.01$0.01$0.00
2011Summary only. Only limited summary data is available for this year.$0.14$0.00$0.14$0.01$0.01$0.01
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.00$0.14$0.04
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • <$500k nonprofits