Civic Intelligence

South Dakota State Fair Foundation

990 • Fiscal year 2017 • EIN 46-0425814

Jan 01, 2017 to Dec 31, 2017 • Filed on May 01, 2018

1060 3rd St SWHuron, SD 57350

(605) 353-7340

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

61st percentile

8.8%

Higher net margin than 61% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

69th percentile

16%

Faster asset growth than 69% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

5th percentile

-69%

Faster revenue growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$130,419

Up $18,284 (+16%) from 2016

Net Assets

Up

$130,419

Up $18,284 (+16%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$207,971

Down $462,710 (-69%) from 2016

Expenses

Down

$189,687

Down $3,672,344 (-95%) from 2016

Net Income

Up

$18,284

Up $3,209,634 (+101%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2013: $538,927Liabilities 2013: $0Net Assets 2013: $538,9272013Assets 2014: $1,964,057Liabilities 2014: $0Net Assets 2014: $1,964,0572014Assets 2015: $3,303,485Liabilities 2015: $0Net Assets 2015: $3,303,4852015Assets 2016: $112,135Liabilities 2016: $0Net Assets 2016: $112,1352016Assets 2017: $130,419Liabilities 2017: $0Net Assets 2017: $130,4192017Assets 2018: $161,467Net Assets 2018: $161,4672018Assets 2019: $219,725Net Assets 2019: $219,7252019Assets 2020: $235,178Net Assets 2020: $235,1782020Assets 2021: $2,976,527Liabilities 2021: $0Net Assets 2021: $2,976,5272021Assets 2022: $4,919,425Liabilities 2022: $0Net Assets 2022: $4,919,4252022Assets 2023: $1,195,022Liabilities 2023: $0Net Assets 2023: $1,195,0222023Assets 2024: $2,486,479Liabilities 2024: $0Net Assets 2024: $2,486,4792024

Highlighted filing

2017

Assets$130,419
Liabilities$0
Net Assets$130,419

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2013: $600,150Expenses 2013: $112,807Net Income 2013: $487,3432013Revenue 2014: $1,565,269Expenses 2014: $140,139Net Income 2014: $1,425,1302014Revenue 2015: $1,386,083Expenses 2015: $46,655Net Income 2015: $1,339,4282015Revenue 2016: $670,681Expenses 2016: $3,862,031Net Income 2016: -$3,191,3502016Revenue 2017: $207,971Expenses 2017: $189,687Net Income 2017: $18,2842017Revenue 2018: $134,233Expenses 2018: $103,185Net Income 2018: $31,0482018Revenue 2019: $69,566Expenses 2019: $11,308Net Income 2019: $58,2582019Revenue 2020: $55,680Expenses 2020: $40,227Net Income 2020: $15,4532020Revenue 2021: $2,779,835Expenses 2021: $38,486Net Income 2021: $2,741,3492021Revenue 2022: $1,957,283Expenses 2022: $14,385Net Income 2022: $1,942,8982022Revenue 2023: $1,553,389Expenses 2023: $5,277,792Net Income 2023: -$3,724,4032023Revenue 2024: $2,024,220Expenses 2024: $730,061Net Income 2024: $1,294,1592024

Highlighted filing

2017

Revenue$207,971
Expenses$189,687
Net Income$18,284
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 1, 2018
Return Version
2017v2.3
Gross Receipts
$207,971
Mission and Program Overview

Mission

To support activities designed to enhance, improve, expand and continue the south dakota state fair as an agricultural, educational, developmental and entertainment venue in the state.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$112,135$130,419▲ $18,284
Total Assets$112,135$130,419▲ $18,284
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$112,135$130,419▲ $18,284
Total Net Assets Fund Balance$112,135$130,419▲ $18,284
Total Liabilities and Net Assets / Fund Balance$112,135$130,419▲ $18,284
Compensation and Service Providers

Board Members and Trustees

NameTitle
Justin AndersonChairman
Faron WahlVice Chair
Denise MunteferingDirector
Dick SheltonDirector
Erin YostDirector
Gary SharpDirector
Justin BellDirector
Loren NoessDirector
Pam GeppertDirector
Peter NielsonDirector
Warren LotsbergDirector
Tom HarmonSecretary
Scott CordtsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$207,959
Program Service Revenue
$0
Investment Income
$12
Other Revenue
$0
All Other Contributions
$207,959
Change in Net Assets
$18,284
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$189,687
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
Office Expenses$1,441$360-$1,801
Other Expenses$1,708$7,914-$1,708
Fees for Services Accounting-$431-$431
Total Functional Expenses$180,982$8,705$0$189,687
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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

The officers of the foundation will review the tax return before it is signed and filed.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request at the south dakota state fair office.

Filing and Contact Details

Filer

Filer Name
South Dakota State Fair Foundation
EIN
46-0425814
Phone
6053537340
Address
1060 3RD ST SW, HURON, SD 57350

Signing Officer

Name
Scott Cordts
Title
Treasurer
Phone
6053537340
Signed
2018-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Warren Lotsberg
Formed
1994
Legal Domicile
Sd
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Firm
L Boomsma CPA Prof LLC
Address
1498 DAKOTA AVE S, HURON, SD 57350-3661
Preparer
Lisa Boomsma
Phone
6053531040
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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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ReturnHeader/Filer/USAddress/ZIPCd057350
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0389016A9205CDDBE911302A3A824BEE521AEA736
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E88784D27C168FA89EFBD54F73B9F8E0A49EDC83
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02018-05-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:28:44
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0474523255
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0L BOOMSMA CPA PROF LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01498 DAKOTA AVE S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HURON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0573503661
ReturnHeader/PreparerPersonGrp/PhoneNum06053531040
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LISA BOOMSMA
ReturnHeader/ReturnTs02018-05-08T08:28:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • <$500k nonprofits