Lyon County Fair Association in Rock Rapids, Iowa (IA)
Table of contents:
| Lyon County Fair Association | |
| Employer Identification Number (EIN) | 421087882 |
| Name of Organization | Lyon County Fair Association |
| In Care of Name | Arlyce Elias |
| Address | Po Box 62, Rock Rapids, IA 51246 |
| Activities | Fair, Achievement pries of awards, FFA, FHA, 4 H club, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 10/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Organization 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 |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2012 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $400,630 |
| Amount of Income | $151,478 |
| Form 990 Revenue Amount | $101,506 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Fairs, County and Other |
Non-representatives - add comments:
Amount of income in 2012: $151,478 (it was $101,506 in 2011)
| This organization: | $151,478 |
| Other organizations performing similar types of work: | $315,861 |
Assets in 2012: $400,630 (it was $352,185 in 2011)
| This organization: | $400,630 |
| Other organizations performing similar types of work: | $452,016 |
Expenses in 2011: $132,152
| This organization: | $132,152 |
| Other organizations performing similar types of work: | $300,140 |
Income to expenses ratio in 2011: 1.1
| Lyon County Fair Association: | 1.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2011: 36.2%
| This organization: | 36.2% |
| Other organizations performing similar types of work: | 6.8% |
Revenue for 2011
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011) | |
| Total revenue | $101,506 |
| Contributions, gifts, grants, and similar amounts received | $36,762 |
| Program service revenue including government fees and contracts | $52,681 |
| Membership dues and assessments | $0 |
| Investment income | $11,284 |
| Gain from sale of assets other than inventory | $0 |
| Net income from gaming and fundraising events | $0 |
| Gross profit from sales of inventory | $0 |
| Other revenue | $779 |
| Total expenses | $132,152 |
| Total net assets | $352,185 |
| Deficit for the year | $-30,646 |
| Net assets or fund balances at beginning of year | $382,831 |
| Other changes in net assets or fund balances | $0 |
| Balance Sheets (for 2011) | |
| Total assets | $352,185 |
| Total liabilities | $0 |
| Net assets or fund balances | $352,185 |
| Other Information (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Reason for Public Charity Status (for 2011) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2011) | |
| 2007 - 2011 Total | |
|---|---|
| Total support | $605,993 |
| Gifts, grants, contributions, and membership fees received | $300,117 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $247,829 |
| 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 | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $21,653 |
| Other | $36,394 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $10,574 | $0 | $10,574 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| 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 | $10,574 | $0 | $105,741 |
| 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 2008) | |
| Total deductions | $82,701 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $35,371 |
| Repairs and maintenance | $741 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $490 |
| Charitable contributions | $0 |
| Depreciation | $1,281 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $22,211 |
| Unrelated business taxable income | $13,041 |
| Unrelated business taxable income before net operating loss deduction | $23,041 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $2,304 |
| Specific deduction | $10,001 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Iowa State Fair Foundation, Dba Blue Ribbon Foundation | PO BOX 57130, Des Moines, IA 50317-0003 | IA | 1992-06 | $4,742,241 |
| 2 | Clay County Fair Association | PO BOX 527, Spencer, IA 51301-0527 | IA | 1940-11 | $3,814,629 |
| 3 | National Dairy Cattle Congress | PO BOX 298, Waterloo, IA 50704-0298 | IA | 1962-04 | $1,576,490 |
| 4 | Kossuth County Agricultural Association | PO BOX 362, Algona, IA 50511-0362 | IA | 1972-02 | $272,742 |
| 5 | Worth County Fair Society | 1325 460th St, Northwood, IA 50459-8503 | IA | 1940-06 | $166,497 |
| 6 | Story Co 4-H Fair Assoc | PO BOX 163, Nevada, IA 50201-0163 | IA | 1940-08 | $125,292 |
| 7 | San Mateo County Expostion And Fair Association, San Mateo County Event Center | 2495 S Delaware St, San Mateo, CA 94403-1902 | CA | 1948-04 | $8,952,015 |
| 8 | Utah State Fair Corporation, Utah State Fairpark | 155 N 1000 W, Salt Lake Cty, UT 84116-3307 | UT | 1997-04 | $4,456,940 |
| 9 | West Oxford Agricultural Society | PO BOX 78, Fryeburg, ME 04037-0078 | ME | 1991-01 | $3,786,764 |
| 10 | Solano County Fair Association | 900 Fairgrounds Dr, Vallejo, CA 94589-4003 | CA | 1991-06 | $2,967,270 |
| 11 | Wharton County Youth Fair And Exposition | PO BOX 167, Glen Flora, TX 77443-0167 | TX | 1976-06 | $2,068,302 |
| 12 | St Joseph County Grange Fair Assoc | PO BOX 578, Centreville, MI 49032-0578 | MI | 1940-07 | $1,343,147 |
| 13 | Floyd County Fair Society | PO BOX 301, Charles City, IA 50616-0301 | IA | 1987-12 | $531,193 |
| 14 | North Iowa Fair Association | 3700 4th St Sw, Mason City, IA 50401-1590 | IA | 1993-04 | $471,422 |
| 15 | Clinton County Agricultural Society | 328 E 84th St, Dewitt, IA 52742 | IA | 1952-09 | $346,887 |
| 16 | Wright County District Junior Fair | PO BOX 125, Eagle Grove, IA 50533-0125 | IA | 1995-12 | $323,386 |
| 17 | Bulter County Fair Association | 28643 205th St, Clarksville, IA 50619-9273 | IA | 1998-07 | $257,768 |
| 18 | Mills County Fair Association Free Fair | 32864 Epperson Ave, Malvern, IA 51551-5081 | IA | 1953-08 | $168,640 |
| 19 | Wapello County Agricultural Fair Assn | PO BOX 464, Eldon, IA 52554-0464 | IA | 1954-03 | $160,825 |
| 20 | Winnebago County Fair Association | 6537 Highway 9, Buffalo Ctr, IA 50424-7590 | IA | 1952-04 | $101,120 |
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