Civic Intelligence

Otero County Fair Association Inc.

990 • Fiscal year 2015 • EIN 85-6011829

Jan 01, 2015 to Dec 31, 2015 • Filed on May 11, 2016

401 Fairgrounds RoadAlamogordo, NM 88310

(575) 434-0788

Siviq Scores

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

Liabilities / Assets

66th percentile

0.00x

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

2015 filings • NTEE N • <$500k nonprofits • Source year 2015

Liabilities / Revenue

66th percentile

0.00x

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

2015 filings • NTEE N • <$500k nonprofits • Source year 2015

Net Margin

49th percentile

2.8%

Higher net margin than 49% of similar nonprofits.

2015 filings • NTEE N • <$500k nonprofits • Source year 2015

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

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

2015 filings • NTEE N • <$500k nonprofits • Source year 2015

Asset Growth

54th percentile

5.4%

Faster asset growth than 54% of similar nonprofits.

2015 filings • NTEE N • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

65th percentile

11%

Faster revenue growth than 65% of similar nonprofits.

2015 filings • NTEE N • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$166,191

Up $8,468 (+5.4%) from 2014

Net Assets

Up

$166,191

Up $8,468 (+5.4%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$304,290

Up $29,737 (+11%) from 2014

Expenses

Up

$295,822

Up $27,696 (+10%) from 2014

Net Income

Up

$8,468

Up $2,041 (+32%) from 2014

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $154,711Liabilities 2010: $0Net Assets 2010: $154,7112010Assets 2011: $164,183Liabilities 2011: $0Net Assets 2011: $164,1832011Assets 2012: $177,524Liabilities 2012: $0Net Assets 2012: $177,5242012Assets 2014: $157,723Liabilities 2014: $0Net Assets 2014: $157,7232014Assets 2015: $166,191Liabilities 2015: $0Net Assets 2015: $166,1912015Assets 2016: $200,035Liabilities 2016: $3,113Net Assets 2016: $196,9222016Assets 2017: $207,063Liabilities 2017: $5,449Net Assets 2017: $201,6142017Assets 2018: $190,108Liabilities 2018: $2,030Net Assets 2018: $188,0782018Assets 2019: $243,293Liabilities 2019: $860Net Assets 2019: $242,4332019Assets 2020: $183,592Liabilities 2020: $2,105Net Assets 2020: $181,4872020Assets 2021: $236,058Liabilities 2021: $1,787Net Assets 2021: $234,2712021Assets 2022: $473,793Liabilities 2022: $747Net Assets 2022: $473,0462022Assets 2023: $328,127Liabilities 2023: $220Net Assets 2023: $327,9072023Assets 2024: $453,326Liabilities 2024: $0Net Assets 2024: $453,3262024

Highlighted filing

2015

Assets$166,191
Liabilities$0
Net Assets$166,191

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $252,0362010Revenue 2011: $283,192Expenses 2011: $273,720Net Income 2011: $9,4722011Expenses 2012: $262,1012012Revenue 2014: $274,553Expenses 2014: $268,126Net Income 2014: $6,4272014Revenue 2015: $304,290Expenses 2015: $295,822Net Income 2015: $8,4682015Revenue 2016: $343,200Expenses 2016: $351,134Net Income 2016: -$7,9342016Revenue 2017: $357,141Expenses 2017: $352,449Net Income 2017: $4,6922017Revenue 2018: $353,385Expenses 2018: $366,918Net Income 2018: -$13,5332018Revenue 2019: $423,055Expenses 2019: $368,700Net Income 2019: $54,3552019Revenue 2020: $225,684Expenses 2020: $289,045Net Income 2020: -$63,3612020Revenue 2021: $488,321Expenses 2021: $435,537Net Income 2021: $52,7842021Revenue 2022: $1,312,549Expenses 2022: $1,073,774Net Income 2022: $238,7752022Revenue 2023: $539,129Expenses 2023: $442,376Net Income 2023: $96,7532023Revenue 2024: $942,597Expenses 2024: $817,178Net Income 2024: $125,4192024

Highlighted filing

2015

Revenue$304,290
Expenses$295,822
Net Income$8,468
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 11, 2016
Return Version
2015v2.1
Gross Receipts
$304,290
Mission and Program Overview

Mission

Support otero county fair and rodeo

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$86,555$86,555→ $0
Cash and Non-Interest-Bearing Accounts$1,100$50,733▲ $49,633
Savings and Temporary Cash Investments$70,068$28,903▼ $41,165
Total Assets$157,723$166,191▲ $8,468
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$157,723$166,191▲ $8,468
Total Net Assets Fund Balance$157,723$166,191▲ $8,468
Total Liabilities and Net Assets / Fund Balance$157,723$166,191▲ $8,468

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,395$28,320-
Other Land Buildings$42,546--
Land$5,940--
Equipment$26,389$19,301-
Leasehold Improvements$7,285$25,103-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bill MershonChairman
Matt NixVice Chairman
Reid GriggsBoard Member
Bebo LeeDirector
Bill PosbeckDirector
Colt HowardDirector
Dean HackettDirector
Guy WardenDirector
Jeff HaydenDirector
John JenkinsDirector
Becky McfarlandManager
Sheila CocaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$24,846
Program Service Revenue
$223,095
Investment Income
$292
Other Revenue
$56,057
All Other Contributions
$24,846
Change in Net Assets
$8,468
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$295,822
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
Occupancy$39,331--$39,331
Other Expenses$26,793$267-$27,060
Advertising$6,779--$6,779
Insurance$5,561--$5,561
Depreciation Depletion$3,499$1,434-$4,933
Fees for Services Accounting$1,181$215-$1,396
Fees for Services Other-$840-$840
All Other Expenses-$245-$245
Office Expenses-$245-$245
Total Functional Expenses$286,103$9,719$0$295,822
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
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
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

Any resident of otero county whose ideals are consistent with the principles of the association shall be eligible for election to the association, regardless of race, sex, age, creed, political persuasion or geographic location of their residence within the county. The members of the association shall be eleven voting members of the fair board, consisting of ten elected members, and one member appointed by the alamogordo chamber of commerce to represent the frontier village committee; and the program director of the otero county extension service of new mexico state university.

Member election for additional members Part VI line 7A

The members of the fair board shall be elected annually at its annual meeting to serve a term of four (4) years, beginning january 1 and ending december 31. Ballots for the election of the fair board members shall be mailed to those organizations and individuals who sponsor and/or support the otero county fair, as listed in the current fair book, as well as those supporting the junior livestock sale and supplemental accounts, if any. Each organization and individual shall be entitled to cast only one vote for each of the vacant positions.

Governing body decisions Part VI line 7B

Decisions are made by the board, in board meetings or special sessions and by majority vote ruling. As per the bylaws

Committee meeting documentation Part VI line 8B

Committee meetings are both tape recorded and have minutes taken

Form 990 governing body review Part VI line 11

All tax returns are presented to the board at the may meeting. It is reviewed by the members and financials are reviewed as well. The accountant is present to answer any questions that may arise.

Conflict of interest policy compliance Part VI line 12C

If there is a conflict of interest it must be presented to the board at a monthly meeting and any member with a conflict of interest must resign.

Governing documents etc available to public Part VI line 19

All minutes of meetings and financials are open to public inspection if written notification is given to the board.

Filing and Contact Details

Filer

Filer Name
Otero County Fair Association
EIN
85-6011829
Address
401 FAIRGROUNDS ROAD, ALAMOGORDO, NM 88310

Signing Officer

Name
Bill Mershon
Title
Chairman
Phone
5754340788
Signed
2016-05-11
Discuss with paid preparer
No

Organization Details

Principal Officer
Bill Mershon
Formed
1950
Legal Domicile
Nm
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
102

Preparer

Firm
Md Accounting Inc
Address
408 GRANADO STREET, TULAROSA, NM 88352
Preparer
L Machele Lackey
Phone
5755856558
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt070068
IRS990/SavingsAndTempCashInvstGrp/EOYAmt028903
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0TAX RETURNS ARE AVAILABLE FOR REVIEW BY THE GOVERNING BODY AT ANY TIME GOVERNING DOCUMENTS ARE AVAIBLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Organization qualified under 501c4 5 or 6Part IV 3b
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt024846
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt07880
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt04627
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt07218
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt011162
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt055733
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0258544
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0234881
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0239296
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01204364
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0292
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt0138470
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IRS990ScheduleA/PublicSupportPY509Pct00.92000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0250458
IRS990ScheduleA/Total509Grp/TotalAmt01260097
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0275442
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0283192
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01401094
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt028320
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt032715
IRS990ScheduleD/EquipmentGrp/BookValueAmt026389
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019301
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt045690
IRS990ScheduleD/LandGrp/BookValueAmt05940
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt05940
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07285
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt025103
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt042546
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANY RESIDENT OF OTERO COUNTY WHOSE IDEALS ARE CONSISTENT WITH THE PRINCIPLES OF THE ASSOCIATION SHALL BE ELIGIBLE FOR ELECTION TO THE ASSOCIATION, REGARDLESS OF RACE, SEX, AGE, CREED, POLITICAL PERSUASION OR GEOGRAPHIC LOCATION OF THEIR RESIDENCE WITHIN THE COUNTY. THE MEMBERS OF THE ASSOCIATION SHALL BE ELEVEN VOTING MEMBERS OF THE FAIR BOARD, CONSISTING OF TEN ELECTED MEMBERS, AND ONE MEMBER APPOINTED BY THE ALAMOGORDO CHAMBER OF COMMERCE TO REPRESENT THE FRONTIER VILLAGE COMMITTEE; AND THE PROGRAM DIRECTOR OF THE OTERO COUNTY EXTENSION SERVICE OF NEW MEXICO STATE UNIVERSITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS OF THE FAIR BOARD SHALL BE ELECTED ANNUALLY AT ITS ANNUAL MEETING TO SERVE A TERM OF FOUR (4) YEARS, BEGINNING JANUARY 1 AND ENDING DECEMBER 31. BALLOTS FOR THE ELECTION OF THE FAIR BOARD MEMBERS SHALL BE MAILED TO THOSE ORGANIZATIONS AND INDIVIDUALS WHO SPONSOR AND/OR SUPPORT THE OTERO COUNTY FAIR, AS LISTED IN THE CURRENT FAIR BOOK, AS WELL AS THOSE SUPPORTING THE JUNIOR LIVESTOCK SALE AND SUPPLEMENTAL ACCOUNTS, IF ANY. EACH ORGANIZATION AND INDIVIDUAL SHALL BE ENTITLED TO CAST ONLY ONE VOTE FOR EACH OF THE VACANT POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS ARE MADE BY THE BOARD, IN BOARD MEETINGS OR SPECIAL SESSIONS AND BY MAJORITY VOTE RULING. AS PER THE BYLAWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMMITTEE MEETINGS ARE BOTH TAPE RECORDED AND HAVE MINUTES TAKEN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL TAX RETURNS ARE PRESENTED TO THE BOARD AT THE MAY MEETING. IT IS REVIEWED BY THE MEMBERS AND FINANCIALS ARE REVIEWED AS WELL. THE ACCOUNTANT IS PRESENT TO ANSWER ANY QUESTIONS THAT MAY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IF THERE IS A CONFLICT OF INTEREST IT MUST BE PRESENTED TO THE BOARD AT A MONTHLY MEETING AND ANY MEMBER WITH A CONFLICT OF INTEREST MUST RESIGN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL MINUTES OF MEETINGS AND FINANCIALS ARE OPEN TO PUBLIC INSPECTION IF WRITTEN NOTIFICATION IS GIVEN TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
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IRS990/StatesWhereCopyOfReturnIsFldCd0NM
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0157723
IRS990/TotalAssetsGrp/EOYAmt0166191
IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09719
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0286103
IRS990/TotalFunctionalExpensesGrp/TotalAmt0295822
IRS990/TotalGrossUBIAmt00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.00$0.45$0.94$0.82$0.13
2023Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.54$0.44$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$1.31$1.07$0.24
2021Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.23$0.49$0.44$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.23$0.29$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.42$0.37$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.35$0.37$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.21$0.01$0.20$0.36$0.35$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.34$0.35$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.30$0.30$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.27$0.27$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.00$0.18$0.26
2011Summary only. Only limited summary data is available for this year.$0.16$0.00$0.16$0.28$0.27$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.00$0.15$0.25