Civic Intelligence

Nea Fair Association

990 • Fiscal year 2018 • EIN 81-3640219

Dec 01, 2017 to Nov 30, 2018 • Filed on Feb 08, 2019

2731 E Highland DrJonesboro, AR 72401

(870) 935-4331

Siviq Scores

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

Liabilities / Assets

65th percentile

0.01x

Higher debt load relative to assets than 65% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

11th percentile

-35%

Higher net margin than 11% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

5th percentile

-69%

Faster asset growth than 5% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

17th percentile

-31%

Faster revenue growth than 17% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$40,155

Down $88,736 (-69%) from 2017

Net Assets

Down

$39,651

Down $89,059 (-69%) from 2017

Liabilities

Up

$504

Up $323 (+178%) from 2017

Revenue

Down

$253,269

Down $114,816 (-31%) from 2017

Expenses

Up

$342,328

Up $3,869 (+1.1%) from 2017

Net Income

Down

-$89,059

Down $118,685 (-401%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2016: $99,728Liabilities 2016: $644Net Assets 2016: $99,0842016Assets 2017: $128,891Liabilities 2017: $181Net Assets 2017: $128,7102017Assets 2018: $40,155Liabilities 2018: $504Net Assets 2018: $39,6512018Assets 2019: $99,296Liabilities 2019: $970Net Assets 2019: $98,3262019Assets 2020: $63,613Liabilities 2020: $374Net Assets 2020: $63,2392020Assets 2021: $256,325Liabilities 2021: $2,436Net Assets 2021: $253,8892021Assets 2022: $339,238Liabilities 2022: $2,260Net Assets 2022: $336,9782022Assets 2023: $489,310Liabilities 2023: $1,419Net Assets 2023: $487,8912023Assets 2024: $564,990Liabilities 2024: $2,459Net Assets 2024: $562,5312024

Highlighted filing

2018

Assets$40,155
Liabilities$504
Net Assets$39,651

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $372,978Expenses 2016: $273,894Net Income 2016: $99,0842016Revenue 2017: $368,085Expenses 2017: $338,459Net Income 2017: $29,6262017Revenue 2018: $253,269Expenses 2018: $342,328Net Income 2018: -$89,0592018Revenue 2019: $382,927Expenses 2019: $324,252Net Income 2019: $58,6752019Revenue 2020: $21,573Expenses 2020: $56,660Net Income 2020: -$35,0872020Revenue 2021: $494,472Expenses 2021: $303,822Net Income 2021: $190,6502021Revenue 2022: $478,180Expenses 2022: $395,091Net Income 2022: $83,0892022Revenue 2023: $556,193Expenses 2023: $405,280Net Income 2023: $150,9132023Revenue 2024: $468,515Expenses 2024: $393,875Net Income 2024: $74,6402024

Highlighted filing

2018

Revenue$253,269
Expenses$342,328
Net Income-$89,059
Jump To
Filing Snapshot
Filing Period
Dec 1, 2017 to Nov 30, 2018
Signed
Feb 8, 2019
Return Version
2017v2.3
Gross Receipts
$253,269
Mission and Program Overview

Mission

Operation of a county fair

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$128,891$40,155▼ $88,736
Rtn Earn Endowment Incm Other Fnds$128,710$39,651▼ $89,059
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$128,891$40,155▼ $88,736
Liabilities
Other Liabilities$181$504▲ $323
Total Liabilities$181$504▲ $323
Net Assets / Fund Balance
Total Net Assets Fund Balance$128,710$39,651▼ $89,059
Total Liabilities and Net Assets / Fund Balance$128,891$40,155▼ $88,736
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael CuretonPresident
Cory WadeVice President
Amber WarrenDirector
Catie WadeDirector
Scott GairhanDirector
Scott GibsonDirector
Jon WarrenSecretary
Josh CuretonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$23,088
Program Service Revenue
$230,181
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-89,059
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$306,019
Salaries, Compensation, and Employee Benefits$36,309
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$147,218--$147,218
Occupancy$128,227--$128,227
Other Salaries and Wages$33,216--$33,216
Advertising$14,070--$14,070
Office Expenses$8,901$1,758-$10,659
Insurance$4,245--$4,245
Payroll Taxes$3,093--$3,093
Fees for Services Accounting-$1,600-$1,600
Total Functional Expenses$338,970$3,358$0$342,328
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Withholdings$504
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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, Part VI, Section A, Line 2

President michael cureton and treasurer josh cureton are father and son. Vice president cory wade and director catie wade have a family relationship. Secretary jon warren and director amber warren have a family relationship.

Form 990, Part VI, Section B, Line 11B

A copy of the return will be provided to the governing body members prior to filing the return.

Form 990, Part VI, Section B, Line 12C

Periodic reviews are conducted to ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status. Duty to disclose: in connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. Determining whether a conflict of interest exists: after disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.

Form 990, Part VI, Section C, Line 19

All information is available upon request.

Filing and Contact Details

Filer

Filer Name
Nea Fair Association
EIN
81-3640219
Phone
8709354331
Address
2731 E HIGHLAND DR, JONESBORO, AR 72401
Doing Business As
Northeast Arkansas District Fair

Signing Officer

Name
Michael Cureton
Title
President
Phone
8709355533
Signed
2019-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Cureton
Formed
2016
Legal Domicile
Ar
Voting Board Members
8
Independent Board Members
8
Employees
16
Volunteers
0

Preparer

Firm
Jones and Company Ltd
Address
PO BOX 16307, JONESBORO, AR 72403
Preparer
Derek Dodd CPA
Phone
8709352871
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Special events: program service expenses 132,109. Management and general expenses 0. Fundraising expenses 0. Total expenses 132,109. Repairs & maintenance: program service expenses 8,765. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,765. Other expenses: program service expenses 6,344. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,344.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRESIDENT MICHAEL CURETON AND TREASURER JOSH CURETON ARE FATHER AND SON. VICE PRESIDENT CORY WADE AND DIRECTOR CATIE WADE HAVE A FAMILY RELATIONSHIP. SECRETARY JON WARREN AND DIRECTOR AMBER WARREN HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE RETURN WILL BE PROVIDED TO THE GOVERNING BODY MEMBERS PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PERIODIC REVIEWS ARE CONDUCTED TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS. DUTY TO DISCLOSE: IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS: AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SPECIAL EVENTS: PROGRAM SERVICE EXPENSES 132,109. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 132,109. REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 8,765. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,765. OTHER EXPENSES: PROGRAM SERVICE EXPENSES 6,344. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,344.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AR
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0128891
IRS990/TotalAssetsEOYAmt040155
IRS990/TotalAssetsGrp/BOYAmt0128891
IRS990/TotalAssetsGrp/EOYAmt040155
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt023088
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03358
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0338970
IRS990/TotalFunctionalExpensesGrp/TotalAmt0342328
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0181
IRS990/TotalLiabilitiesEOYAmt0504
IRS990/TotalLiabilitiesGrp/BOYAmt0181
IRS990/TotalLiabilitiesGrp/EOYAmt0504
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0128710
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt039651
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0338970
IRS990/TotalProgramServiceRevenueAmt0230181
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0230181
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0253269
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0128891
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt040155
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02731 E HIGHLAND DR
IRS990/USAddress/CityNm0JONESBORO
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072401
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.NEADISTRICTFAIR.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL CURETON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08709355533
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEA FAIR ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0NEAF
ReturnHeader/Filer/EIN0813640219
ReturnHeader/Filer/PhoneNum08709354331
ReturnHeader/Filer/USAddress/AddressLine1Txt02731 E HIGHLAND DR
ReturnHeader/Filer/USAddress/CityNm0JONESBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072401
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04F4374144826E8CE75EF77A869633E450D002D2A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId082D5583702CE64576702DE015BA4AFFABCC5B7E0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.233.146.218
ReturnHeader/FilingSecurityInformation/IPDt02019-02-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm007:38:04
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0710629531
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JONES AND COMPANY LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 16307
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JONESBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd072403
ReturnHeader/PreparerPersonGrp/PhoneNum08709352871
ReturnHeader/PreparerPersonGrp/PreparationDt02019-02-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEREK DODD CPA
ReturnHeader/ReturnTs02019-02-28T10:57:11-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-12-01
ReturnHeader/TaxPeriodEndDt02018-11-30
ReturnHeader/TaxYr02017

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