Civic Intelligence

Illinois Fairgrounds Foundation

990 • Fiscal year 2019 • EIN 81-4944641

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

Organization ProfileWWW.ILFAIRGROUNDSFOUNDATION.COM
5 Wildwood RoadSpringfield, IL 62704

(217) 725-1033

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

96th percentile

75%

Higher net margin than 96% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

93rd percentile

66%

Faster asset growth than 93% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

19th percentile

-14%

Faster revenue growth than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$1,697,327

Up $675,670 (+66%) from 2018

Net Assets

Up

$1,697,327

Up $675,670 (+66%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin96th percentile

Revenue

Down

$898,094

Down $145,247 (-14%) from 2018

Expenses

Up

$222,424

Up $177,233 (+392%) from 2018

Net Income

Down

$675,670

Down $322,480 (-32%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2018: $1,021,657Liabilities 2018: $0Net Assets 2018: $1,021,6572018Assets 2019: $1,697,327Liabilities 2019: $0Net Assets 2019: $1,697,3272019Assets 2020: $1,696,231Liabilities 2020: $5,395Net Assets 2020: $1,690,8362020Assets 2021: $1,391,167Liabilities 2021: $2,058Net Assets 2021: $1,389,1092021Assets 2022: $1,455,881Liabilities 2022: $2,479Net Assets 2022: $1,453,4022022Assets 2023: $1,064,722Liabilities 2023: $853Net Assets 2023: $1,063,8692023Assets 2024: $869,149Liabilities 2024: $116Net Assets 2024: $869,0332024

Highlighted filing

2019

Assets$1,697,327
Liabilities$0
Net Assets$1,697,327
Open 2019 Filing

Operations Trend

Revenue Growth19th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $1,043,341Expenses 2018: $45,191Net Income 2018: $998,1502018Revenue 2019: $898,094Expenses 2019: $222,424Net Income 2019: $675,6702019Revenue 2020: $125,149Expenses 2020: $131,640Net Income 2020: -$6,4912020Revenue 2021: $85,211Expenses 2021: $365,619Net Income 2021: -$280,4082021Revenue 2022: $186,256Expenses 2022: $121,963Net Income 2022: $64,2932022Revenue 2023: $58,574Expenses 2023: $448,107Net Income 2023: -$389,5332023Revenue 2024: $73,823Expenses 2024: $268,659Net Income 2024: -$194,8362024

Highlighted filing

2019

Revenue$898,094
Expenses$222,424
Net Income$675,670
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$898,094
Mission and Program Overview

Mission

To facilitate repairs and restoration of the illinois state fairgrounds in springfield, il and du quoin, il.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,020,919$1,697,327▲ $676,408
Accounts Receivable$738$0▼ $738
Total Assets$1,021,657$1,697,327▲ $675,670
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,000,000$1,000,000→ $0
Net Assets Without Donor Restrictions$21,657$697,327▲ $675,670
Total Net Assets Fund Balance$1,021,657$1,697,327▲ $675,670
Total Liabilities and Net Assets / Fund Balance$1,021,657$1,697,327▲ $675,670
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
John SlaytonChairman
Edward McmillanBoard Member
George Obernagel IiiBoard Member
Grant HammerBoard Member
Orion SamuelsonBoard Member
Phil FarrellBoard Member
Robert EasterBoard Member
Sam MadoniaBoard Member
Jerry CostelloDirector of Ag
Holly SpanglerSecretary
Chandra RobertsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$898,094
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$898,094
Change in Net Assets
$675,670

Audited Revenue Reconciliation

Revenue per Audited Statements
$898,094
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$898,094
Total Revenue per Form 990
$898,094
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$222,424
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
Fees for Services Other$204,615--$204,615
Fees for Services Accounting$3,136$3,263-$6,399
Fees for Services Legal$1,814$1,888-$3,702
Other Expenses$128$1,092-$1,220
Information Technology$1,115--$1,115
Advertising$922--$922
Total Functional Expenses$216,181$6,243$0$222,424

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$222,424
Total Expenses per Audited Statements$222,424
Total Expenses per Form 990$222,424
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Annual disclosure for covered persons
Yes
Audit committee
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, Part VI, Section B, Line 11B

“The board of directors are provided a copy of the form 990 for their review prior to filing.”

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

“All board members are required to annually complete and sign a conflict of interest form which are monitored by the board chair.”

Form 990, Part VI, Section C, Line 18

“The foundation makes its form 990 available to the public upon request.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Illinois Fairgrounds Foundation
EIN
81-4944641
Phone
2177251033
Address
5 WILDWOOD ROAD, SPRINGFIELD, IL 62704

Signing Officer

Name
John C Slayton
Title
President
Phone
2177251033
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John C Slayton
Formed
2016
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Kerber Eck & Braeckel Llp
Address
3200 ROBBINS ROAD STE 200A, SPRINGFIELD, IL 62704
Preparer
Kathleen O Ward
Phone
2177890960
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Service fees for fairgrounds repair: program service expenses 204,615. Management and general expenses 0. Fundraising expenses 0. Total expenses 204,615.”

Part XII, Line 2 C

“No change noted from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from federal and state taxes under section 501(c)(3) of the internal revenue code. The foundation has recognized in the financial statements the effects of all tax positions and continually evaluates expiring statues of limitations, audits, changes in tax law, and new authoritative rulings. The foundation is not aware of any circumstances or events that make it reasonably possible that unrecognized tax benefits may increase or decrease within 12 months of the statement of financial position date. Penalties and interest assessed by taxing authorities are included in the foundation's expenses, if applicable. There were no interest or penalties paid during 2019.”

Raw XML Appendix376 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION HAS RECOGNIZED IN THE FINANCIAL STATEMENTS THE EFFECTS OF ALL TAX POSITIONS AND CONTINUALLY EVALUATES EXPIRING STATUES OF LIMITATIONS, AUDITS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE FOUNDATION IS NOT AWARE OF ANY CIRCUMSTANCES OR EVENTS THAT MAKE IT REASONABLY POSSIBLE THAT UNRECOGNIZED TAX BENEFITS MAY INCREASE OR DECREASE WITHIN 12 MONTHS OF THE STATEMENT OF FINANCIAL POSITION DATE. PENALTIES AND INTEREST ASSESSED BY TAXING AUTHORITIES ARE INCLUDED IN THE FOUNDATION'S EXPENSES, IF APPLICABLE. THERE WERE NO INTEREST OR PENALTIES PAID DURING 2019.
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IRS990ScheduleD/TotalExpensesPerForm990Amt0222424
IRS990ScheduleD/TotalRevenuePerForm990Amt0898094
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0898094
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0222424
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS ARE PROVIDED A COPY OF THE FORM 990 FOR THEIR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS ARE REQUIRED TO ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST FORM WHICH ARE MONITORED BY THE BOARD CHAIR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SERVICE FEES FOR FAIRGROUNDS REPAIR: PROGRAM SERVICE EXPENSES 204,615. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 204,615.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGE NOTED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII, LINE 2 C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt01697327
IRS990/TotalAssetsGrp/BOYAmt01021657
IRS990/TotalAssetsGrp/EOYAmt01697327
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0898094
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06243
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0216181
IRS990/TotalFunctionalExpensesGrp/TotalAmt0222424
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01021657
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01697327
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0216181
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0898094
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01021657
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01697327
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0SPRINGFIELD
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IRS990/USAddress/ZIPCd062704
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.ILFAIRGROUNDSFOUNDATION.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN C SLAYTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02177251033
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ILLINOIS FAIRGROUNDS FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O JOHN SLAYTON
ReturnHeader/Filer/BusinessNameControlTxt0ILLI
ReturnHeader/Filer/EIN0814944641
ReturnHeader/Filer/PhoneNum02177251033
ReturnHeader/Filer/USAddress/AddressLine1Txt05 WILDWOOD ROAD
ReturnHeader/Filer/USAddress/CityNm0SPRINGFIELD
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.234.166.214
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm009:41:45
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0430352985
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KERBER ECK & BRAECKEL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03200 ROBBINS ROAD STE 200A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SPRINGFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd062704
ReturnHeader/PreparerPersonGrp/PhoneNum02177890960
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATHLEEN O WARD
ReturnHeader/ReturnTs02020-11-16T15:38:54-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,697,327
Liabilities
$0
Net assets
$1,697,327
Revenue
$898,094
Expenses
$222,424
Net income
$675,670
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.00$0.87$0.07$0.27$0.19
2023Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.06$0.45$0.39
2022Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.45$0.19$0.12$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$0.09$0.37$0.28
2020Detailed filing. Detailed filing data is available for this year.$1.70$0.01$1.69$0.13$0.13$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.70$0.00$1.70$0.90$0.22$0.68
2018Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$1.04$0.05$1.00