Wharton Fair Fund Inc.

990EZ • Fiscal year 2017 • EIN 76-0514763

Jan 01, 2017 to Dec 31, 2017 • Filed on May 07, 2018

Organization Profile N/A

P O Box 1064Wharton, TX 77488

(979) 532-1723

Siviq Scores

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

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2017

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2017

-0.6%

Higher net margin than 39% of similar nonprofits.

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

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

-2.2%

Faster asset growth than 40% of similar nonprofits.

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

-17%

Faster revenue growth than 26% of similar nonprofits.

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

Balance Sheet

Liabilities / AssetsScore unavailable

Assets

Down

$16,999

Down $382 (-2.2%) from 2016

Net Assets

Down

$16,999

Down $382 (-2.2%) from 2016

Liabilities

No earlier filing loaded for comparison.

Revenue And Expenses

Liabilities / RevenueScore unavailable Net Margin39th percentile

Revenue

Down

$65,909

Down $13,610 (-17%) from 2016

Expenses

Down

$66,292

Down $19,349 (-23%) from 2016

Net Income

-$383

Up $5,739 (+94%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

Highlighted filing

2017

Assets$16,999

Liabilities-

Net Assets$16,999

Open 2017 Filing

Operations Trend

Revenue Growth26th percentile

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

Highlighted filing

2017

Revenue$65,909

Expenses$66,292

Net Income-$383

Open 2017 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2017 to Dec 31, 2017
Signed: May 7, 2018
Return Version: 2017v2.3
Gross Receipts: $65,909

Mission and Program Overview

Mission

The organization's primary exempt purpose is to instill in the wharton fair exhibitors the ideals of sportsmanship, honesty, loyalty, courage and respect for authority so that they may be well adjusted, stronger and happier exhibitors and will grow to be decent, healthy and trustworthy citizens of tomorrow. Specifically, the objective of the wharton fair fund, inc. Is to raise funds for awards and payments towards fair projects of wharton fair exhibitors.

Program Services

Description	Grants	Expenses
THE ANNUAL FUNDRAISER WAS HELD IN MARCH. FUNDS RAISED FROM THE DINNER, AUCTION AND RAFFLES WERE USED TO PURCHASE ANIMAL PROJECTS AT THE COUNTY FAIR SALE OF EXCELLENCE AND FREEZER SALE IN MAY.	-	$65,952

Compensation and Service Providers

Top Officer Pay76th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
NORA CHALUE	President	-	$0	-	-
JIM SMITH	Vice Preside	-	$0	-	-
HOLLY KOENIG	Secretary	-	$0	-	-
LYDIA REYNA	Treasurer	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Wharton Fair Fund Inc
EIN: 76-0514763
Phone: 9795321723
Address: P O BOX 1064, WHARTON, TX 77488

Signing Officer

Name: Lydia Reyna
Title: Treasurer
Phone: 9795321723
Signed: 2018-05-07

Preparer

Firm: Dobbins & Sheek Cpas Pllc
Address: 300 W BURLESON ST, WHARTON, TX 77488
Preparer: Johnna Sheek
Phone: 9795324852

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

“DONATIONS 450 TOTAL 450”

Form 990-ez, Part I, Line 16

“Expenses office supplies 26 add ons 21,100 advertising 333 bank fees 12 entertainment 375 food purchases 474 gun raffle supplies 26,699 hall rent 550 nsf check 100 postal box rent 52 sale of excellence 16,179 supplies 242 total 66,142”

Form 990-ez, Part III

“The organization's primary exempt purpose is to instill in the wharton fair exhibitors the ideals of sportsmanship, honesty, loyalty, courage and respect for authority so that they may be well adjusted, stronger and happier exhibitors and will grow to be decent, healthy and trustworthy citizens of tomorrow. Specifically, the objective of the wharton fair fund, inc. Is to raise funds for awards and payments towards fair projects of wharton fair exhibitors.”

Form 990-ez, Part III, Line 28

“The annual fundraiser was held in march. Funds raised from the dinner, auction and raffles were used to purchase animal projects at the county fair sale of excellence and freezer sale in may.”

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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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IRS990EZ/ProgramServiceRevenueAmt	0	65459
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	65952
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SubjectToProxyTaxInd	0	false
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IRS990EZ/TotalExpensesAmt	0	66292
IRS990EZ/TotalProgramServiceExpensesAmt	0	65952
IRS990EZ/TotalRevenueAmt	0	65909
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IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	79219
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	86704
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	56122
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	DONATIONS 450 TOTAL 450
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	EXPENSES OFFICE SUPPLIES 26 ADD ONS 21,100 ADVERTISING 333 BANK FEES 12 ENTERTAINMENT 375 FOOD PURCHASES 474 GUN RAFFLE SUPPLIES 26,699 HALL RENT 550 NSF CHECK 100 POSTAL BOX RENT 52 SALE OF EXCELLENCE 16,179 SUPPLIES 242 TOTAL 66,142
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO INSTILL IN THE WHARTON FAIR EXHIBITORS THE IDEALS OF SPORTSMANSHIP, HONESTY, LOYALTY, COURAGE AND RESPECT FOR AUTHORITY SO THAT THEY MAY BE WELL ADJUSTED, STRONGER AND HAPPIER EXHIBITORS AND WILL GROW TO BE DECENT, HEALTHY AND TRUSTWORTHY CITIZENS OF TOMORROW. SPECIFICALLY, THE OBJECTIVE OF THE WHARTON FAIR FUND, INC. IS TO RAISE FUNDS FOR AWARDS AND PAYMENTS TOWARDS FAIR PROJECTS OF WHARTON FAIR EXHIBITORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	THE ANNUAL FUNDRAISER WAS HELD IN MARCH. FUNDS RAISED FROM THE DINNER, AUCTION AND RAFFLES WERE USED TO PURCHASE ANIMAL PROJECTS AT THE COUNTY FAIR SALE OF EXCELLENCE AND FREEZER SALE IN MAY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS	0	2018-06-14 16:35:46Z
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ReturnHeader/ReturnTs	0	2018-05-14T15:25:03-05:00
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ReturnHeader/TaxPeriodEndDt	0	2017-12-31
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $16,999
Liabilities: -
Net assets: $16,999
Revenue: $65,909
Expenses: $66,292
Net income: -$383

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$22.7		$22.7	$84.0	$92.2	$8.19
2022Detailed filing. Detailed filing data is available for this year.	$20.0		$20.0	$75.6	$82.2	$6.62
2021Detailed filing. Detailed filing data is available for this year.	$26.6		$26.6	$83.1	$75.8	$7.28
2020Detailed filing. Detailed filing data is available for this year.	$19.3		$19.3	$81.1	$83.7	$2.57
2019Detailed filing. Detailed filing data is available for this year.	$21.9		$21.9	$70.2	$74.3	$4.14
2018Detailed filing. Detailed filing data is available for this year.	$26.0		$26.0	$73.1	$64.1	$9.02
2017Detailed filing. Detailed filing data is available for this year.	$17.0		$17.0	$65.9	$66.3	$0.38
2016Detailed filing. Detailed filing data is available for this year.	$17.4		$17.4	$79.5	$85.6	$6.12
2015Detailed filing. Detailed filing data is available for this year.	$23.5		$23.5	$86.7	$80.3	$6.44
2014Detailed filing. Detailed filing data is available for this year.	$17.1		$17.1	$55.0	$73.0	$18.0
2013Detailed filing. Detailed filing data is available for this year.	$35.1		$35.1	$80.2	$71.7	$8.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$26.5		$26.5	$52.2	$70.7	$18.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$45.0		$45.0	$82.5	$66.3	$16.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$28.8		$28.8	$73.1	$75.6	$2.51