Civic Intelligence

Cleveland County Fair Inc

EIN 56-6060727 • 501(c)5 • Shelby, NC

Profile

Since 1924 the cleveland county fair has been home to what has become north carolina's largest agricultural fair. The annual fair promotes agriculture, education, history, along with art and industry. Due to covid-19, no fall 2020 nor fall 2021 fair was held.

1751 E Marion StreetShelby, NC 28152

www.clevelandcountyfair.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

34th percentile

0.00x

Higher debt load relative to assets than 34% of similar nonprofits.

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

Liabilities / Revenue

35th percentile

0.00x

Higher debt load relative to revenue than 35% of similar nonprofits.

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

Net Margin

51st percentile

7.5%

Higher net margin than 51% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

28th percentile

-0.2%

Faster asset growth than 28% of similar nonprofits.

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

Revenue Growth

5th percentile

-22%

Faster revenue growth than 5% of similar nonprofits.

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

Assets

Down

$2,808,362

Down $6,180 (-0.2%) from 2023

Liabilities

Down

$3,870

Down $40,142 (-91%) from 2023

Net Assets

Up

$2,804,492

Up $33,962 (+1.2%) from 2023

Revenue

Down

$1,453,880

Down $398,916 (-22%) from 2023

Expenses

Up

$1,344,794

Up $173,727 (+15%) from 2023

Net Income

Down

$109,086

Down $572,643 (-84%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $2,321,639Liabilities 2011: $13,113Net Assets 2011: $2,308,5262011Assets 2012: $1,992,345Liabilities 2012: $19,688Net Assets 2012: $1,972,6572012Assets 2013: $1,671,099Liabilities 2013: $28,637Net Assets 2013: $1,642,4622013Assets 2014: $1,535,345Liabilities 2014: $6,101Net Assets 2014: $1,529,2442014Assets 2015: $1,202,882Liabilities 2015: $34,654Net Assets 2015: $1,168,2282015Assets 2016: $1,357,496Liabilities 2016: $145,329Net Assets 2016: $1,212,1672016Assets 2017: $1,489,725Liabilities 2017: $114,060Net Assets 2017: $1,375,6652017Assets 2018: $1,985,632Liabilities 2018: $37,870Net Assets 2018: $1,947,7622018Assets 2019: $2,019,025Liabilities 2019: $7,040Net Assets 2019: $2,011,9852019Assets 2020: $1,759,418Liabilities 2020: $21,626Net Assets 2020: $1,737,7922020Assets 2021: $1,543,562Liabilities 2021: $0Net Assets 2021: $1,543,5622021Assets 2022: $2,197,275Liabilities 2022: $43,782Net Assets 2022: $2,153,4932022Assets 2023: $2,814,542Liabilities 2023: $44,012Net Assets 2023: $2,770,5302023Assets 2024: $2,808,362Liabilities 2024: $3,870Net Assets 2024: $2,804,4922024

Highlighted filing

2024

Assets$2,808,362
Liabilities$3,870
Net Assets$2,804,492

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $1,320,505Expenses 2011: $1,282,155Net Income 2011: $38,3502011Revenue 2012: $1,361,277Expenses 2012: $1,649,008Net Income 2012: -$287,7312012Expenses 2013: $1,509,4472013Revenue 2014: $1,148,778Expenses 2014: $1,247,199Net Income 2014: -$98,4212014Revenue 2015: $891,516Expenses 2015: $1,252,532Net Income 2015: -$361,0162015Revenue 2016: $1,130,367Expenses 2016: $1,086,428Net Income 2016: $43,9392016Revenue 2017: $1,299,109Expenses 2017: $1,103,843Net Income 2017: $195,2662017Revenue 2018: $1,734,700Expenses 2018: $1,134,753Net Income 2018: $599,9472018Revenue 2019: $1,219,685Expenses 2019: $1,156,419Net Income 2019: $63,2662019Revenue 2020: $46,140Expenses 2020: $245,435Net Income 2020: -$199,2952020Revenue 2021: $158,384Expenses 2021: $287,865Net Income 2021: -$129,4812021Revenue 2022: $1,610,243Expenses 2022: $941,214Net Income 2022: $669,0292022Revenue 2023: $1,852,796Expenses 2023: $1,171,067Net Income 2023: $681,7292023Revenue 2024: $1,453,880Expenses 2024: $1,344,794Net Income 2024: $109,0862024

Highlighted filing

2024

Revenue$1,453,880
Expenses$1,344,794
Net Income$109,086

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.81$0.00$2.80$1.45$1.34$0.11
2023Detailed filing. Detailed filing data is available for this year.$2.81$0.04$2.77$1.85$1.17$0.68
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$0.04$2.15$1.61$0.94$0.67
2021Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$0.16$0.29$0.13
2020Detailed filing. Detailed filing data is available for this year.$1.76$0.02$1.74$0.05$0.25$0.20
2019Detailed filing. Detailed filing data is available for this year.$2.02$0.01$2.01$1.22$1.16$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.99$0.04$1.95$1.73$1.13$0.60
2017Detailed filing. Detailed filing data is available for this year.$1.49$0.11$1.38$1.30$1.10$0.20
2016Detailed filing. Detailed filing data is available for this year.$1.36$0.15$1.21$1.13$1.09$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.20$0.03$1.17$0.89$1.25$0.36
2014Detailed filing. Detailed filing data is available for this year.$1.54$0.01$1.53$1.15$1.25$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.03$1.64$1.51
2012Summary only. Only limited summary data is available for this year.$1.99$0.02$1.97$1.36$1.65$0.29
2011Summary only. Only limited summary data is available for this year.$2.32$0.01$2.31$1.32$1.28$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Dec 1, 2023 to Nov 30, 2024
Signed
Oct 2, 2024
Return Version
2023v6.0
Gross Receipts
$1,453,880
Mission and Program Overview

Mission

Since 1924 the cleveland county fair has been home to what has become north carolina's largest agricultural fair. The annual fair promotes agriculture, education, history, along with art and industry. Due to covid-19, no fall 2020 nor fall 2021 fair was held.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,741,750$2,775,712▲ $33,962
Land, Buildings, and Equipment, Net$1,346,616$1,662,479▲ $315,863
Savings and Temporary Cash Investments$909,022$764,763▼ $144,259
Cash and Non-Interest-Bearing Accounts$300,000$300,000→ $0
Prepaid Expenses and Deferred Charges$67,264$60,652▼ $6,612
Cap Stk Tr Prin Current Funds$28,780$28,780→ $0
Accounts Receivable$12,293$20,468▲ $8,175
Total Assets$2,814,542$2,808,362▼ $6,180
Other Assets Total$179,347--
Liabilities
Accounts Payable and Accrued Expenses$44,012$3,870▼ $40,142
Total Liabilities$44,012$3,870▼ $40,142
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,770,530$2,804,492▲ $33,962
Total Liabilities and Net Assets / Fund Balance$2,814,542$2,808,362▼ $6,180

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,151,196$2,721,135$3,872,331
Buildings$284,963$74,694$359,657
Land$197,839-$197,839
Equipment$28,481$52,837$81,318
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alex LattimoreChairman
Jim MorganVice Chairma
Alan HamrickBoard Member
Amy HullBoard Member
Angela BeamBoard Member
Barbara GreeneBoard Member
Ed GoforthBoard Member
Gary GoldBoard Member
Jason FallsBoard Member
Jim HollandBoard Member
Perry DavisBoard Member
Steve HoyleBoard Member
Will RuckerBoard Member
Mary AccorSecretary
Rodney DedmonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$114,400
Program Service Revenue
$1,326,786
Investment Income
$12,694
Other Revenue
$0
Change in Net Assets
$109,086
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$935,453
Salaries, Compensation, and Employee Benefits$409,341
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$257,256$121,061-$378,317
Fees for Services Other$277,785--$277,785
Occupancy$138,644$20,460-$159,104
Advertising$136,518--$136,518
Insurance$76,948$8,550-$85,498
All Other Expenses$56,832$9,848-$66,680
Office Expenses$49,837$4,483-$54,320
Payroll Taxes$21,096$9,928-$31,024
Other Expenses$24,328--$24,328
Conferences and Meetings-$16,582-$16,582
Total Functional Expenses$1,153,882$190,912$0$1,344,794
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
Annual disclosure for covered persons
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
Yes
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 board chair reveiws form 990 with the preparer. The board chair then summarized the form 990 and 990-t with the executive board and then the full board.

Form 990, Page 6, Part VI, Line 19

From 990 and 990-t are available to the public upon request of the organization's manager.

Filing and Contact Details

Filer

Filer Name
Cleveland County Fair Inc
EIN
56-6060727
Phone
7044870651
Address
1751 E MARION STREET, SHELBY, NC 28152

Signing Officer

Name
Alex Lattimore
Title
Chairman
Phone
7044870651
Signed
2024-10-02

Organization Details

Principal Officer
Alex Lattimore
Formed
1924
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
128

Preparer

Firm
Gragg & Gragg Llp
Address
9 E MARION ST, SHELBY, NC 28150-4301
Preparer
Jason Gragg Cpapfs
Phone
7044822001
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Since 1924 the cleveland county fair has been home to what has become north carolina's largest agricultural fair. The annual fair promotes agriculture, education, history, along with art and industry. Due to covid-19, no fall 2020 nor fall 2021 fair was held.

Form 990, Part IX, Line 11G

Contract labor 264,413 0 0 licenses 1,163 0 0 miscellaneous 614 0 0 dues & subscriptions 4,470 0 0 professional fees 7,125 0 0 total 277,785 0 0

Form 990, Part XI, Line 9

Book / tax depreciation difference -75,124

Raw XML Appendix374 raw XML fields

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/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt020460
IRS990/OccupancyGrp/ProgramServicesAmt0138644
IRS990/OccupancyGrp/TotalAmt0159104
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04483
IRS990/OfficeExpensesGrp/ProgramServicesAmt049837
IRS990/OfficeExpensesGrp/TotalAmt054320
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0179347
IRS990/OtherChangesInNetAssetsAmt0-75124
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SALES TAX
IRS990/OtherExpensesGrp/Desc2PREMIUMS AND PRIZE PAYMEN
IRS990/OtherExpensesGrp/Desc3SANITATION
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IRS990/OtherExpensesGrp/ProgramServicesAmt130809
IRS990/OtherExpensesGrp/ProgramServicesAmt230235
IRS990/OtherExpensesGrp/ProgramServicesAmt324328
IRS990/OtherExpensesGrp/TotalAmt053594
IRS990/OtherExpensesGrp/TotalAmt130809
IRS990/OtherExpensesGrp/TotalAmt230235
IRS990/OtherExpensesGrp/TotalAmt324328
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0121061
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0257256
IRS990/OtherSalariesAndWagesGrp/TotalAmt0378317
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09928
IRS990/PayrollTaxesGrp/ProgramServicesAmt021096
IRS990/PayrollTaxesGrp/TotalAmt031024
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt067264
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt060652
IRS990/PrincipalOfficerNm0ALEX LATTIMORE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0FAIR REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL REVENUES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt01249256
IRS990/ProgramServiceRevenueGrp/ExclusionAmt177530
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt177530
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IRS990/PYInvestmentIncomeAmt09538
IRS990/PYOtherExpensesAmt0809051
IRS990/PYProgramServiceRevenueAmt01563893
IRS990/PYRevenuesLessExpensesAmt0681729
IRS990/PYSalariesCompEmpBnftPaidAmt0362016
IRS990/PYTotalExpensesAmt01171067
IRS990/PYTotalRevenueAmt01852796
IRS990/ReconcilationRevenueExpnssAmt0109086
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IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt052837
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt081318
IRS990ScheduleD/LandGrp/BookValueAmt0197839
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0197839
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01151196
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02721135
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03872331
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01662479
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SINCE 1924 THE CLEVELAND COUNTY FAIR HAS BEEN HOME TO WHAT HAS BECOME NORTH CAROLINA'S LARGEST AGRICULTURAL FAIR. THE ANNUAL FAIR PROMOTES AGRICULTURE, EDUCATION, HISTORY, ALONG WITH ART AND INDUSTRY. DUE TO COVID-19, NO FALL 2020 NOR FALL 2021 FAIR WAS HELD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD CHAIR REVEIWS FORM 990 WITH THE PREPARER. THE BOARD CHAIR THEN SUMMARIZED THE FORM 990 AND 990-T WITH THE EXECUTIVE BOARD AND THEN THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FROM 990 AND 990-T ARE AVAILABLE TO THE PUBLIC UPON REQUEST OF THE ORGANIZATION'S MANAGER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTRACT LABOR 264,413 0 0 LICENSES 1,163 0 0 MISCELLANEOUS 614 0 0 DUES & SUBSCRIPTIONS 4,470 0 0 PROFESSIONAL FEES 7,125 0 0 TOTAL 277,785 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE -75,124
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt02808362
IRS990/TotalAssetsGrp/BOYAmt02814542
IRS990/TotalAssetsGrp/EOYAmt02808362
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01153882
IRS990/TotalFunctionalExpensesGrp/TotalAmt01344794
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt044012
IRS990/TotalLiabilitiesEOYAmt03870
IRS990/TotalLiabilitiesGrp/BOYAmt044012
IRS990/TotalLiabilitiesGrp/EOYAmt03870
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02804492
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IRS990/TotalRevenueGrp/ExclusionAmt01326786
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012694
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01453880
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02814542
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02808362
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0825 ED HAMRICK RD
IRS990/USAddress/CityNm0SHELBY
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028150
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.CLEVELANDCOUNTYFAIR.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ALEX LATTIMORE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07044870651
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CLEVELAND COUNTY FAIR INC
ReturnHeader/Filer/BusinessNameControlTxt0CLEV
ReturnHeader/Filer/EIN0566060727
ReturnHeader/Filer/PhoneNum07044870651
ReturnHeader/Filer/USAddress/AddressLine1Txt01751 E MARION STREET
ReturnHeader/Filer/USAddress/CityNm0SHELBY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028152
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0562158195
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRAGG & GRAGG LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09 E MARION ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SHELBY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0281504301
ReturnHeader/PreparerPersonGrp/PhoneNum07044822001
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JASON GRAGG CPAPFS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-10-06T12:31:08-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-12-01
ReturnHeader/TaxPeriodEndDt02024-11-30
ReturnHeader/TaxYr02023

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