Allamakee County Agricultural Association in Waukon, Iowa (IA)

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Allamakee County Agricultural Association
Employer Identification Number (EIN)426006498
Name of OrganizationAllamakee County Agricultural Association
AddressPO BOX 208, Waukon, IA 52172-0208
ActivitiesFair, Industry trade shows
SubsectionEducational Organization
Ruling Date09/1952
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2014
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$70,532
Amount of Income$246,439
Form 990 Revenue Amount$208,346
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Fairs, County and Other


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Amount of income in 2014: $246,439 (it was $201,679 in 2013)
This organization: 

 $246,439
Other organizations performing similar types of work: 

 $194,759

Assets in 2014: $70,532 (it was $57,789 in 2013)
Allamakee County Agricultural Association: 

 $70,532
Other organizations performing similar types of work: 

 $199,284

Expenses in 2013: $202,005
This organization: 

 $202,005
Other organizations performing similar types of work: 

 $179,780

Income to expenses ratio in 2013: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 31.7%
Allamakee County Agricultural Association: 

 31.7%
Other organizations performing similar types of work: 

 13.4%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?No
Is the organization required to complete Schedule B, Schedule of Contributors?No
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?No
Did the organization report an amount for land, buildings, and equipment?Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?No
Did the organization report an amount for other assets that is 5% or more of its total assets?No
Did the organization report an amount for other liabilities?No
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?No
Did the organization obtain separate, independent audited financial statements for the tax year?No
Was the organization included in consolidated, independent audited financial statements for the tax year?No
Is the organization a school described in section 170(b)(1)(A)(ii)?No
Did the organization maintain an office, employees, or agents outside of the United States?No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?No
Did the organization report more than $15,000 of gross income from gaming activities?No
Did the organization operate one or more hospital facilities?No
Did the organization attach a copy of its audited financial statements?No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?No
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?Yes
A family member of a current or former officer, director, trustee, or key employee?No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?No
Did the organization receive more than $25,000 in non-cash contributions?No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?No
Did the organization liquidate, terminate, or dissolve and cease operations?No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?No
Was the organization related to any tax-exempt or taxable entity?No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?No
Did the organization make any transfers to an exempt non-charitable related organization?No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?No
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10965
The number of Forms W-2G0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return23
Did the organization file all required federal employment tax returns?Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYes
Has it filed a Form 990-T for this year?Yes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?No
Did the organization file Form 8886-T?No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?No
Did the organization notify the donor of the value of the goods or services provided?No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?No
Did the sponsoring organization make any taxable distributions under section 4966?No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?No
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities $0$0
Gross income from members or shareholders$0$0
Gross income from other sources$0$0
Is the organization filing Form 990 in lieu of Form 1041?No
The amount of tax-exempt interest received or accrued during the year$0
Is the organization licensed to issue qualified health plans in more than one state?No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0
The amount of reserves on hand$0
Did the organization receive any payments for indoor tanning services during the tax year?No
Has it filed a Form 720 to report these payments?No
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$0
Total reportable compensation from related organizations$0
Total estimated amount of other compensation from the organization and related organizations$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization0
Total number of independent contractors who received more than $100,000 of compensation from the organization0
Statement of Revenue
201120122013
Total revenue$168,452$201,679
Contributions, Gifts, Grants and Other Similar Amounts$79,901$63,853
Program Service Revenue$56,098$65,040
0$65,040
All other program service revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$7$22
Income from investment of tax-exempt bond proceeds$0$0
Royalties$0$0
Net rental income$13,339$7,147
Gross rents (Real / Personal)$13,489 / $0$7,147 / $0
Less: rental expenses (Real / Personal)$150 / $0$0 / $0
Rental income or (loss) (Real / Personal)$13,339 / $0$7,147 / $0
Net gain/loss from sales of assets other than inventory$0$0
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0
Net income/loss from sales of inventory$14,613$62,914
Gross sales of inventory, less returns and allowances$58,939$98,303
Less: cost of goods sold$44,326$35,389
Miscellaneous Revenue$4,494$2,703
Drinking Places (Alcoholic Beverages) $2,065
0$638
All other revenue$0
Statement of Functional Expenses
201120122013
Total functional expenses$147,391$202,005
Grants and other assistance to domestic organizations and domestic governments$0
Grants and other assistance to domestic individuals$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, trustees, and key employees$2,875$0
Compensation not included above, to disqualified persons$0
Other salaries and wages$11,355$20,530
Pension plan accruals and contributions$0
Other employee benefits$0
Payroll taxes$1,159$1,503
Fees for services (non-employees)
Management$0
Legal$0
Accounting$5,589
Lobbying$0
Professional fundraising services$0$0
Investment management fees$0
Other$0
Advertising and promotion$12,617
Office expenses$258
Information technology$0
Royalties$0
Occupancy$74,736
Travel$622
Payments of travel or entertainment expenses for any federal, state, or local public officials$0
Conferences, conventions, and meetings$210
Interest$239
Payments to affiliates$0
Depreciation, depletion, and amortization$5,881
Insurance$11,436
Other expenses$30,997
Other expenses$10,829
Other expenses$7,027
Other expenses$5,295
Other expenses$14,236
Balance Sheet
201120122013
Total assets$61,205$51,461$57,789
Cash - non-interest-bearing$9,286
Savings and temporary cash investments$5,782
Pledges and grants receivable, net$0
Accounts receivable, net$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0
Notes and loans receivable, net$0
Inventories for sale or use$0
Prepaid expenses and deferred charges$0
Land, buildings, and equipment: cost or other basis$42,721
Investments - publicly traded securities$0
Investments - other securities$0
Investments - program-related$0
Intangible assets$0
Other assets$0
Total liabilities$29,031$9,555$16,209
Accounts payable and accrued expenses$427
Grants payable$0
Deferred revenue$0
Tax-exempt bond liabilities$0$0
Escrow or custodial account liability$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0
Secured mortgages and notes payable to unrelated third parties$25,000$0
Unsecured notes and loans payable to unrelated third parties$0$15,782
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0
Total net assets or fund balances$32,174$41,580
Unrestricted net assets$0
Temporarily restricted net assets$0
Permanently restricted net assets$0
Capital stock or trust principal, or current funds$0
Paid-in or capital surplus, or land, building, or equipment fund$0
Retained earnings, endowment, accumulated income, or other funds$32,174$41,580
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$288,212
Subtotal Support$288,212
Gifts, grants, contributions, and membership fees received$216,212
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$72,000
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$796,853
Public Support$288,212
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$179
Net income from unrelated business activities, whether or not the business is regularly carried on$139,269
Other income. Do not include gain or loss from the sale of capital assets$369,193
Gross receipts from related activities, etc.$114,964
Unrelated Trade or Business Income (for 2009)
IncomeExpensesNet
Total$28,110$0$28,110
Gross receipts or sales less returns and allowances$62,318$0$0
Cost of goods sold$34,208$0$0
Gross profit$28,110$0$28,110
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2009)
Total deductions$33,982
Compensation of officers, directors, and trustees$0
Salaries and wages$12,932
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$1,982
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$19,068
Unrelated business taxable income$-5,872
Unrelated business taxable income before net operating loss deduction$-5,872
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-5,872
Specific deduction$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Washington County Fair Association1305 Blue Bell Rd, Brenham, TX 77833-2436TX1941-01$2,356,414
2Salinas Valley Fair Inc625 Division St, King City, CA 93930-3430CA1956-03$1,984,890
3Vesper New Years Association1509 Locust Street, Philadelphia, PA 19102PA1955-03$1,317,469
4Transportation Resources Inc1120 Rarig Ave, Columbus, OH 43219-2312OH1980-10$1,222,442
5Westfest Inc3406 Franklin Ave, Waco, TX 76710-7324TX1978-01$1,158,944
6Twins Days Festival Committee Inc9825 Ravenna Rd, Twinsburg, OH 44087-1714OH1987-02$1,122,951
7Walker County Fair AssociationPO BOX 1817, Huntsville, TX 77342-1817TX1979-10$1,097,386
8Tulare County Junior Livestock Show And Community Fair2700 W Teapot Dome Ave, Porterville, CA 93257-9442CA1981-11$748,555
9Southern New Mexico State FairPO BOX 1145, Las Cruces, NM 88004-1145NM1973-03$732,318
10Yakima Valley Junior FairPO BOX 27, Grandview, WA 98930-0027WA1976-05$560,317
11Titus County Fair Association IncPO BOX 1232, Mt Pleasant, TX 75456-1232TX1988-11$439,162
12San Marcos Sights & Sounds Of Christmas Inc630 E Hopkins St, San Marcos, TX 78666-6314TX1998-08$383,459
13United States Lifesaving AssociationPO BOX 366, Huntingtn Bch, CA 92648-0366CA1982-11$381,265
14The Johnson County Agricultural Association4261 Oak Crest Hill Rd Se, Iowa City, IA 52246-5824IA1996-12$340,498
15Sunset Junction Neighborhood1649 N Coronado St, Los Angeles, CA 90026-1425CA1985-05$315,607
16Allamakee County Agricultural AssociationPO BOX 208, Waukon, IA 52172-0208IA1952-09$246,439
17Southwestern New Mexico State Fair IncPO BOX 590, Deming, NM 88031-0590NM1996-08$217,736
18Madison County Health Tr Inc, C-O Jerrold B Oliver300 W Hutchings, Winterset, IA 50273-2109IA1991-11$216,423
19Durant Polka Fest Inc1388 Vail Ave, Durant, IA 52747-9537IA1976-12$3,563
20Albia Restoration Days Inc18 South Main Street, Albia, IA 52531IA1991-04$0
Number of organizations performing similar types of work
Alabama3
Arizona2
California19
Colorado4
Connecticut2
Delaware2
Florida6
Georgia1
Hawaii1
Iowa5
Idaho1
Illinois13
Indiana5
Kansas4
Kentucky5
Louisiana7
Massachusetts9
Maryland4
Maine1
Michigan5
Minnesota3
Missouri9
Mississippi3
North Carolina4
North Dakota1
Nebraska4
New Hampshire2
New Jersey4
New Mexico6
Nevada1
New York6
Ohio9
Oklahoma2
Oregon3
Pennsylvania3
Rhode Island1
South Carolina2
South Dakota1
Tennessee2
Texas26
Utah1
Virginia8
Washington5
Wisconsin5
West Virginia3
International1
Total214

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