Civic Intelligence

Otero County Fair Association Inc.

990 • Fiscal year 2018 • EIN 85-6011829

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

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

71st percentile

0.01x

Higher debt load relative to assets than 71% of similar nonprofits.

2018 filings • NTEE N • <$500k nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.01x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • NTEE N • <$500k nonprofits • Source year 2018

Net Margin

31st percentile

-3.8%

Higher net margin than 31% of similar nonprofits.

2018 filings • NTEE N • <$500k nonprofits • Source year 2018

Top Officer Pay

96th percentile

$29,531

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2018 filings • NTEE N • <$500k nonprofits • Source year 2018

Asset Growth

30th percentile

-8.2%

Faster asset growth than 30% of similar nonprofits.

2018 filings • NTEE N • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

47th percentile

-1.1%

Faster revenue growth than 47% of similar nonprofits.

2018 filings • NTEE N • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$190,108

Down $16,955 (-8.2%) from 2017

Net Assets

Down

$188,078

Down $13,536 (-6.7%) from 2017

Liabilities

Down

$2,030

Down $3,419 (-63%) from 2017

Revenue

Down

$353,385

Down $3,756 (-1.1%) from 2017

Expenses

Up

$366,918

Up $14,469 (+4.1%) from 2017

Net Income

Down

-$13,533

Down $18,225 (-388%) 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 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

2018

Assets$190,108
Liabilities$2,030
Net Assets$188,078

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

2018

Revenue$353,385
Expenses$366,918
Net Income-$13,533
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$353,385
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$90,355$73,191▼ $17,164
Savings and Temporary Cash Investments$30,153$30,362▲ $209
Total Assets$207,063$190,108▼ $16,955
Liabilities
Accounts Payable and Accrued Expenses$5,449$2,030▼ $3,419
Total Liabilities$5,449$2,030▼ $3,419
Net Assets / Fund Balance
Unrestricted Net Assets$201,614$188,078▼ $13,536
Total Net Assets Fund Balance$201,614$188,078▼ $13,536
Total Liabilities and Net Assets / Fund Balance$207,063$190,108▼ $16,955

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

Employees

NameTitleFull / Part TimeBaseTotal
Caitlin ChadbornManagerFT$29,531$29,531

Board Members and Trustees

NameTitle
Bill MershonChairman
Dean HackettVice Chairman
Bebo LeeDirector
Eddie VigilDirector
Eugene VarbelDirector
Gerald GreenDirector
Kelly KnightDirector
Matt NixDirector
Reid GriggsDirector
Sam GutierrezDirector
Sheila CocaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$340,899
Investment Income
$209
Other Revenue
$12,277
Change in Net Assets
$-13,533
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$334,787
Salaries, Compensation, and Employee Benefits$32,131
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$28,130$19,750-$47,880
Occupancy$2,046$37,055-$39,101
Current Officers, Directors, Trustees, and Key Employees-$29,531-$29,531
Other Expenses$534$12,574-$13,108
Advertising$1,725$6,361-$8,086
Insurance-$6,592-$6,592
Office Expenses$560$5,607-$6,167
Fees for Services Accounting$378$2,231-$2,609
Payroll Taxes-$2,600-$2,600
Travel$1,842$643-$2,485
Total Functional Expenses$211,943$154,975$0$366,918
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

Form 990, Part VI, Section A, 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 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.

Form 990, Part VI, Section A, 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 junior livestock sales and supplemental accounts, if any. Each organization and individual shall be entitiled to cast only one vote for each of the vacant positions.

Form 990, Part VI, Section A, Line 7B

Decisions subject to approval of members: decisions are made by the board, in board meetings or special sessions and by majority vote ruling as per the by laws.

Form 990, Part VI, Section A, Line 8B

Committee meetings are both tape recorded and have minutes taken.

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

Organization's process to review form 990: 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.

Form 990, Part VI, Section B, 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.

Form 990, Part VI, Section C, 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 Inc
EIN
85-6011829
Phone
5754340788
Address
401 FAIRGROUNDS ROAD, ALAMOGORDO, NM 88310

Signing Officer

Name
Bill Mershon
Title
Chairman
Phone
5754340788
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Mershon
Formed
1952
Legal Domicile
Nm
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
104

Preparer

Firm
Carr Riggs & Ingram LLC
Address
115 SOUTH FLORIDA AVE SUITE E, ALAMOGORDO, NM 88310
Preparer
Gwen S Sanders
Phone
5754375573
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Security: program service expenses 880. Management and general expenses 5,270. Fundraising expenses 0. Total expenses 6,150. Rodeo stock contractor: program service expenses 4,900. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,900. Sanitation: program service expenses 0. Management and general expenses 3,610. Fundraising expenses 0. Total expenses 3,610. Fire supression: program service expenses 0. Management and general expenses 3,394. Fundraising expenses 0. Total expenses 3,394. Website: program service expenses 2,400. Management and general expenses 725. Fundraising expenses 0. Total expenses 3,125. Livestock ranch rodeo: program service expenses 3,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,000. Postage: program service expenses 1,156. Management and general expenses 1,620. Fundraising expenses 0. Total expenses 2,776. Meals: program service expenses 1,958. Management and general expenses 590. Fundraising expenses 0. Total expenses 2,548. Photography: program service expenses 1,162. Management and general expenses 1,300. Fundraising expenses 0. Total expenses 2,462. Ranch rodeo winnings: program service expenses 2,400. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,400. Judging fee: program service expenses 2,207. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,207. Rodeo clown: program service expenses 1,700. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,700. Rodeo announcer: program service expenses 1,400. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,400. Rodeo feed: program service expenses 989. Management and general expenses 0. Fundraising expenses 0. Total expenses 989. Refunds: program service expenses 0. Management and general expenses 875. Fundraising expenses 0. Total expenses 875. Plaques & trophies: program service expenses 696. Management and general expenses 170. Fundraising expenses 0. Total expenses 866. Tickets: program service expenses 815. Management and general expenses 0. Fundraising expenses 0. Total expenses 815. Scales: program service expenses 741. Management and general expenses 0. Fundraising expenses 0. Total expenses 741. Weed control: program service expenses 0. Management and general expenses 666. Fundraising expenses 0. Total expenses 666. Dues: program service expenses 0. Management and general expenses 620. Fundraising expenses 0. Total expenses 620. Training: program service expenses 500. Management and general expenses 32. Fundraising expenses 0. Total expenses 532. Animal tags: program service expenses 526. Management and general expenses 0. Fundraising expenses 0. Total expenses 526. Pest management: program service expenses 0. Management and general expenses 484. Fundraising expenses 0. Total expenses 484. Packer animals: program service expenses 400. Management and general expenses 0. Fundraising expenses 0. Total expenses 400. Bank fees: program service expenses 0. Management and general expenses 367. Fundraising expenses 0. Total expenses 367. Jr livestock forms: program service expenses 245. Management and general expenses 15. Fundraising expenses 0. Total expenses 260. Animal inspection: program service expenses 55. Management and general expenses 0. Fundraising expenses 0. Total expenses 55. Taxes & licenses: program service expenses 0. Management and general expenses 12. Fundraising expenses 0. Total expenses 12.

FORM 990, PART XI, LINE 9:

ROUNDING -3.

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IRS990/OtherExpensesGrp/ProgramServicesAmt0162955
IRS990/OtherExpensesGrp/ProgramServicesAmt113773
IRS990/OtherExpensesGrp/ProgramServicesAmt2534
IRS990/OtherExpensesGrp/TotalAmt0173505
IRS990/OtherExpensesGrp/TotalAmt120975
IRS990/OtherExpensesGrp/TotalAmt214279
IRS990/OtherExpensesGrp/TotalAmt313108
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0RODEO OTHER
IRS990/OtherRevenueMiscGrp/Desc1FAIR QUEEN
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06750
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt15527
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06750
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15527
IRS990/OtherRevenueTotalAmt012277
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02600
IRS990/PayrollTaxesGrp/TotalAmt02600
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BILL MERSHON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1713990
IRS990/ProgramServiceRevenueGrp/BusinessCd2711300
IRS990/ProgramServiceRevenueGrp/Desc0LIVESTOCK FEES
IRS990/ProgramServiceRevenueGrp/Desc1FAIR RECEIPTS
IRS990/ProgramServiceRevenueGrp/Desc2RODEO
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0177702
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1144922
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt218275
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0177702
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1144922
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt218275
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0126
IRS990/PYOtherExpensesAmt0328372
IRS990/PYOtherRevenueAmt019068
IRS990/PYProgramServiceRevenueAmt0337947
IRS990/PYRevenuesLessExpensesAmt04692
IRS990/PYSalariesCompEmpBnftPaidAmt024077
IRS990/PYTotalExpensesAmt0352449
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0357141
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-13533
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0353176
IRS990/SavingsAndTempCashInvstGrp/BOYAmt030153
IRS990/SavingsAndTempCashInvstGrp/EOYAmt030362
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME $114,636
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12 - OTHER INCOME DETAIL
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt024846
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt07880
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt032726
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0209
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0126
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt083
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0292
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0290
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0340899
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0357141
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0343200
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0223095
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0248548
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01512883
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0209
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0126
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt083
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0292
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0290
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01000
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt012277
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt019068
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt09399
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt056057
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt017835
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0114636
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.93040
IRS990ScheduleA/PublicSupportPY509Pct00.93410
IRS990ScheduleA/PublicSupportTotal509Amt01545609
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0340899
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0357141
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0343200
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0247941
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0256428
IRS990ScheduleA/Total509Grp/TotalAmt01545609
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0353385
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0376335
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0352682
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0304290
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0274553
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01661245
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04395
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
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt032388
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt042546
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt042546
IRS990ScheduleD/TotalBookValueLandBuildingsAmt086555
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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 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 JUNIOR LIVESTOCK SALES AND SUPPLEMENTAL ACCOUNTS, IF ANY. EACH ORGANIZATION AND INDIVIDUAL SHALL BE ENTITILED TO CAST ONLY ONE VOTE FOR EACH OF THE VACANT POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS SUBJECT TO APPROVAL OF MEMBERS: DECISIONS ARE MADE BY THE BOARD, IN BOARD MEETINGS OR SPECIAL SESSIONS AND BY MAJORITY VOTE RULING AS PER THE BY LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMMITTEE MEETINGS ARE BOTH TAPE RECORDED AND HAVE MINUTES TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ORGANIZATION'S PROCESS TO REVIEW FORM 990: 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.
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/ExplanationTxt7SECURITY: PROGRAM SERVICE EXPENSES 880. MANAGEMENT AND GENERAL EXPENSES 5,270. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,150. RODEO STOCK CONTRACTOR: PROGRAM SERVICE EXPENSES 4,900. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,900. SANITATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,610. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,610. FIRE SUPRESSION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,394. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,394. WEBSITE: PROGRAM SERVICE EXPENSES 2,400. MANAGEMENT AND GENERAL EXPENSES 725. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,125. LIVESTOCK RANCH RODEO: PROGRAM SERVICE EXPENSES 3,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,000. POSTAGE: PROGRAM SERVICE EXPENSES 1,156. MANAGEMENT AND GENERAL EXPENSES 1,620. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,776. MEALS: PROGRAM SERVICE EXPENSES 1,958. MANAGEMENT AND GENERAL EXPENSES 590. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,548. PHOTOGRAPHY: PROGRAM SERVICE EXPENSES 1,162. MANAGEMENT AND GENERAL EXPENSES 1,300. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,462. RANCH RODEO WINNINGS: PROGRAM SERVICE EXPENSES 2,400. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,400. JUDGING FEE: PROGRAM SERVICE EXPENSES 2,207. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,207. RODEO CLOWN: PROGRAM SERVICE EXPENSES 1,700. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,700. RODEO ANNOUNCER: PROGRAM SERVICE EXPENSES 1,400. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,400. RODEO FEED: PROGRAM SERVICE EXPENSES 989. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 989. REFUNDS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 875. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 875. PLAQUES & TROPHIES: PROGRAM SERVICE EXPENSES 696. MANAGEMENT AND GENERAL EXPENSES 170. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 866. TICKETS: PROGRAM SERVICE EXPENSES 815. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 815. SCALES: PROGRAM SERVICE EXPENSES 741. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 741. WEED CONTROL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 666. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 666. DUES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 620. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 620. TRAINING: PROGRAM SERVICE EXPENSES 500. MANAGEMENT AND GENERAL EXPENSES 32. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 532. ANIMAL TAGS: PROGRAM SERVICE EXPENSES 526. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 526. PEST MANAGEMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 484. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 484. PACKER ANIMALS: PROGRAM SERVICE EXPENSES 400. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 400. BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 367. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 367. JR LIVESTOCK FORMS: PROGRAM SERVICE EXPENSES 245. MANAGEMENT AND GENERAL EXPENSES 15. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 260. ANIMAL INSPECTION: PROGRAM SERVICE EXPENSES 55. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 55. TAXES & LICENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ROUNDING -3.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0207063
IRS990/TotalAssetsEOYAmt0190108
IRS990/TotalAssetsGrp/BOYAmt0207063
IRS990/TotalAssetsGrp/EOYAmt0190108
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0154975
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0211943
IRS990/TotalFunctionalExpensesGrp/TotalAmt0366918
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05449
IRS990/TotalLiabilitiesEOYAmt02030
IRS990/TotalLiabilitiesGrp/BOYAmt05449
IRS990/TotalLiabilitiesGrp/EOYAmt02030
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0201614
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0188078
IRS990/TotalOtherCompensationAmt00

Document Assets

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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