Civic Intelligence

Marcus Community Fair

990 • Fiscal year 2024 • EIN 42-1506451

Oct 01, 2023 to Sep 30, 2024 • Filed on Feb 11, 2025

Organization ProfileMarcuscommunityfair.com
5532 B AvenueMarcus, IA 51035

(712) 540-4673

Siviq Scores

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

Liabilities / Assets

89th percentile

0.48x

Higher debt load relative to assets than 89% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

1.20x

Higher debt load relative to revenue than 96% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

75th percentile

21%

Higher net margin than 75% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

25th percentile

-19%

Faster asset growth than 25% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

87th percentile

65%

Faster revenue growth than 87% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$310,561

Down $71,169 (-19%) from 2023

Net Assets

Down

$160,561

Down $221,169 (-58%) from 2023

Liabilities

$150,000

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin75th percentile

Revenue

Up

$124,992

Up $49,035 (+65%) from 2023

Expenses

Up

$98,854

Up $6,643 (+7.2%) from 2023

Net Income

Up

$26,138

Up $42,392 (+261%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$400K$300K$200K$100K$0Assets 2011: $238,658Liabilities 2011: $10,3882011Assets 2012: $231,660Liabilities 2012: $10,0002012Assets 2013: $222,814Liabilities 2013: $02013Assets 2014: $227,498Liabilities 2014: $02014Assets 2015: $234,382Liabilities 2015: $02015Assets 2016: $273,621Liabilities 2016: $02016Assets 2017: $273,621Liabilities 2017: $02017Assets 2018: $284,022Liabilities 2018: $02018Assets 2019: $314,465Net Assets 2019: $314,4652019Assets 2020: $332,495Liabilities 2020: $02020Assets 2021: $376,658Net Assets 2021: $376,6582021Assets 2022: $397,984Net Assets 2022: $397,9842022Assets 2023: $381,730Net Assets 2023: $381,7302023Assets 2024: $310,561Liabilities 2024: $150,000Net Assets 2024: $160,5612024Assets 2025: $323,119Liabilities 2025: $75,165Net Assets 2025: $247,9542025

Highlighted filing

2024

Assets$310,561
Liabilities$150,000
Net Assets$160,561
Open 2024 Filing

Operations Trend

Revenue Growth87th percentile

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

$200K$100K$0-$100KRevenue 2011: $92,100Expenses 2011: $74,153Net Income 2011: $17,9472011Revenue 2012: $66,148Expenses 2012: $72,758Net Income 2012: -$6,6102012Revenue 2013: $67,109Expenses 2013: $65,955Net Income 2013: $1,1542013Revenue 2014: $65,379Expenses 2014: $60,695Net Income 2014: $4,6842014Revenue 2015: $72,496Expenses 2015: $76,497Net Income 2015: -$4,0012015Revenue 2016: $84,758Expenses 2016: $45,519Net Income 2016: $39,2392016Revenue 2017: $84,758Expenses 2017: $45,519Net Income 2017: $39,2392017Revenue 2018: $61,136Expenses 2018: $50,735Net Income 2018: $10,4012018Revenue 2019: $70,107Expenses 2019: $39,664Net Income 2019: $30,4432019Revenue 2020: $54,651Expenses 2020: $36,621Net Income 2020: $18,0302020Revenue 2021: $108,745Expenses 2021: $64,582Net Income 2021: $44,1632021Revenue 2022: $80,642Expenses 2022: $59,316Net Income 2022: $21,3262022Revenue 2023: $75,957Expenses 2023: $92,211Net Income 2023: -$16,2542023Revenue 2024: $124,992Expenses 2024: $98,854Net Income 2024: $26,1382024Revenue 2025: $186,576Expenses 2025: $99,183Net Income 2025: $87,3932025

Highlighted filing

2024

Revenue$124,992
Expenses$98,854
Net Income$26,138
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 11, 2025
Return Version
2023v6.0
Gross Receipts
$132,432
Mission and Program Overview

Mission

Conducting a historical agricultural fair and exposition highlighting rural activities in the area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,000$294,591▲ $284,591
Cash and Non-Interest-Bearing Accounts$101,438$11,178▼ $90,260
Total Assets$116,230$310,561▲ $194,331
Other Assets Total$4,792$4,792→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property-$150,000-
Total Liabilities$0$150,000▲ $150,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$116,230$160,561▲ $44,331
Total Net Assets Fund Balance$116,230$160,561▲ $44,331
Total Liabilities and Net Assets / Fund Balance$116,230$310,561▲ $194,331

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$284,591$272,180$556,771
Land$10,000-$10,000
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Kirk LetschePresident
Jake WetterVicw-president
Jill AleschSecretary
Lisa LetscheTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$93,004
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$31,988
All Other Contributions
$50,796
Change in Net Assets
$26,138
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$88,104
Grants and Similar Amounts Paid$10,750
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance---$11,148
Grants to Domestic Orgs---$10,750
Depreciation Depletion$7,180--$7,180
Other Expenses---$4,018
Advertising---$2,642
Office Expenses---$583
Total Functional Expenses$7,180$0$0$98,854
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of MarcusMarcus, IA--$10,000
MMC SchoolMarcus, IA--$500
Marcus Fire & RescueMarcus, IA--$250
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$7,395
Fundraising Gross Income$4,745
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raffle Tickets$5,245$4,745-$4,745
Total Events$5,245$4,745$1,500$3,245
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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, Part VI, Section B, Line 11A

“The Marcus Fair Board is given a copy of the return. After discussion, a motion to approve the return and authorize the filing of the same is made and passed.”

Filing and Contact Details

Filer

Filer Name
Marcus Community Fair
EIN
42-1506451
In Care Of
% Lisa Letsche
Address
5532 B Avenue, Marcus, IA 51035

Signing Officer

Name
Kirk Letsche
Title
President
Signed
2025-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kirk Letsche
Formed
2000
Legal Domicile
Ia
Voting Board Members
17
Independent Board Members
17
Employees
0

Preparer

Firm
Brady Law Firm PC
Address
224 S Washington Street, Remsen, IA 51050
Preparer
Dennis A Brady
Phone
7127861141
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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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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0294591
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0N O N E
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt01500
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt01500
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0500
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0500
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt01500
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0RAFFLE TICKETS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt05245
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt05245
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt04745
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt04745
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt03245
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt07395
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt07395
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt07395
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt1250
IRS990ScheduleI/RecipientTable/CashGrantAmt2500
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0City of Marcus
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Marcus Fire & Rescue
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2MMC School
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0222 N Main St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1204 N Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2400 E Fenton St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Marcus
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Marcus
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Marcus
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1IA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd051035
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd151035
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd251035
IRS990ScheduleI/TotalOtherOrgCnt03
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Marcus Fair Board is given a copy of the return. After discussion, a motion to approve the return and authorize the filing of the same is made and passed.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11a
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0116230
IRS990/TotalAssetsEOYAmt0310561
IRS990/TotalAssetsGrp/BOYAmt0116230
IRS990/TotalAssetsGrp/EOYAmt0310561
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt093004
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07180
IRS990/TotalFunctionalExpensesGrp/TotalAmt098854
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0150000
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0150000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0116230
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0160561
IRS990/TotalProgramServiceExpensesAmt092527
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0124992
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0116230
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0310561
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05532 B Avenue
IRS990/USAddress/CityNm0Marcus
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd051035
IRS990/VotingMembersGoverningBodyCnt017
IRS990/VotingMembersIndependentCnt017
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Kirk Letsche
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Marcus Community Fair
ReturnHeader/Filer/BusinessNameControlTxt0MARC
ReturnHeader/Filer/EIN0421506451
ReturnHeader/Filer/InCareOfNm0% Lisa Letsche
ReturnHeader/Filer/USAddress/AddressLine1Txt05532 B Avenue
ReturnHeader/Filer/USAddress/CityNm0Marcus
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd051035
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Brady Law Firm PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0224 S Washington Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Remsen
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd051050
ReturnHeader/PreparerPersonGrp/PhoneNum07127861141
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Dennis A Brady
ReturnHeader/ReturnTs02025-02-11T03:48:50-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-10-01
ReturnHeader/TaxPeriodEndDt02024-09-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$310,561
Liabilities
$150,000
Net assets
$160,561
Revenue
$124,992
Expenses
$98,854
Net income
$26,138
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.23$0.75$2.48$1.87$0.99$0.87
2024Detailed filing. Detailed filing data is available for this year.$3.11$1.50$1.61$1.25$0.99$0.26
2023Detailed filing. Detailed filing data is available for this year.$3.82$3.82$0.76$0.92$0.16
2022Detailed filing. Detailed filing data is available for this year.$3.98$3.98$0.81$0.59$0.21
2021Detailed filing. Detailed filing data is available for this year.$3.77$3.77$1.09$0.65$0.44
2020Summary only. Only limited summary data is available for this year.$3.32$0.00$0.55$0.37$0.18
2019Detailed filing. Detailed filing data is available for this year.$3.14$3.14$0.70$0.40$0.30
2018Summary only. Only limited summary data is available for this year.$2.84$0.00$0.61$0.51$0.10
2017Summary only. Only limited summary data is available for this year.$2.74$0.00$0.85$0.46$0.39
2016Summary only. Only limited summary data is available for this year.$2.74$0.00$0.85$0.46$0.39
2015Summary only. Only limited summary data is available for this year.$2.34$0.00$0.72$0.76$0.04
2014Summary only. Only limited summary data is available for this year.$2.27$0.00$0.65$0.61$0.05
2013Summary only. Only limited summary data is available for this year.$2.23$0.00$0.67$0.66$0.01
2012Summary only. Only limited summary data is available for this year.$2.32$0.10$0.66$0.73$0.07
2011Summary only. Only limited summary data is available for this year.$2.39$0.10$0.92$0.74$0.18