Marcus Community Fair in Marcus, Iowa (IA)
Table of contents:
| Marcus Community Fair | |
| Employer Identification Number (EIN) | 421506451 |
| Name of Organization | Marcus Community Fair |
| Address | PO BOX 147, Marcus, IA 51035-0147 |
| Subsection | Educational Organization |
| Ruling Date | 07/2005 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $227,498 |
| Amount of Income | $68,984 |
| Form 990 Revenue Amount | $65,379 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Fairs, County and Other |
Non-representatives - add comments:
Amount of income in 2014: $68,984 (it was $67,109 in 2013)
| This organization: | $68,984 |
| Other organizations performing similar types of work: | $68,984 |
Assets in 2014: $227,498 (it was $222,814 in 2013)
| Marcus Community Fair: | $227,498 |
| Other organizations performing similar types of work: | $227,498 |
Expenses in 2013: $65,955
| Marcus Community Fair: | $65,955 |
| Other organizations performing similar types of work: | $65,955 |
Income to expenses ratio in 2013: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 28.3%
| Marcus Community Fair: | 28.3% |
| Other organizations performing similar types of work: | 28.3% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $92,100 | $66,148 | $67,109 |
| Contributions, gifts, grants, and similar amounts received | $33,569 | $21,613 | $19,018 |
| Program service revenue including government fees and contracts | $21,321 | $24,889 | $36,170 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $2,344 | $23 |
| Gain/Loss from sale of assets other than inventory | $12,987 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $9,186 | $3,735 | $2,910 |
| Gross income from gaming | $6,304 | $6,488 | $0 |
| Gross income from fundraising events | $13,434 | $8,141 | $6,526 |
| Less: direct expenses from gaming and fundraising events | $10,552 | $10,894 | $3,616 |
| Gross profit/loss from sales of inventory | $2,130 | $0 | $0 |
| Other revenue | $12,907 | $13,567 | $8,988 |
| Total expenses | $74,153 | $72,758 | $65,955 |
| Total net assets | $228,270 | $221,660 | $222,814 |
| Excess/Deficit for the year | $17,947 | $-6,610 | $1,154 |
| Net assets or fund balances at beginning of year | $210,323 | $228,270 | $221,660 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $221,660 | $222,814 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $238,658 | $231,660 | $222,814 |
| Total liabilities | $10,388 | $10,000 | $0 |
| Net assets or fund balances | $228,270 | $221,660 | $222,814 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | Yes | Yes |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| 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 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $0 |
| Subtotal | $150,256 |
| Gifts, grants, contributions, and membership fees received | $150,256 |
| 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 | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $150,256 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $244,302 |
| Public support | $150,111 |
| Subtotal | $30,925 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $30,925 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $250 |
| Other income | $63,016 |
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|---|---|---|---|---|---|
| 1 | Maquoketa Athletic Boosters Inc | PO BOX 762, Maquoketa, IA 52060-0762 | IA | 2009-02 | $95,579 |
| 2 | Maquoketa Betterment Corporation | 117 S Main St, Maquoketa, IA 52060-3035 | IA | 1988-10 | $50 |
| 3 | Maquoketa Community Services Inc | 903 W Platt St, Maquoketa, IA 52060-2039 | IA | 1968-09 | $58,430 |
| 4 | Maquoketa Country Club | 17961 33rd St, Maquoketa, IA 52060-8971 | IA | 1960-06 | $290,276 |
| 5 | Maquoketa Firemens Association | 106 S Niagara St, Maquoketa, IA 52060-2939 | IA | 1988-09 | $73,836 |
| 6 | Maquoketa Library Corporation | 126 S 2nd St, Maquoketa, IA 52060-2947 | IA | 1995-10 | $584,550 |
| 7 | Maquoketa Meals On Wheels | 595 N Arcade Street, Maquoketa, IA 52060 | IA | 2003-02 | $32,465 |
| 8 | Maquoketa Valley Rural Electric Cooperative | 109 N Huber St, Anamosa, IA 52205-1453 | IA | 1937-08 | $33,294,148 |
| 9 | Maranatha Christian Academy | PO BOX 1286, Ames, IA 50014 | IA | 2007-12 | $70,383 |
| 10 | Marcella Kingfield Memorial Scholarship Trust | 326 4th St, Lake View, IA 51450-7701 | IA | 2002-06 | $332 |
| 11 | Marcus Community Fair | PO BOX 147, Marcus, IA 51035-0147 | IA | 2005-07 | $68,984 |
| 12 | Marcus Fire Dept | PO BOX 398, Marcus, IA 51035-0398 | IA | 2004-04 | $58,480 |
| 13 | Marek Trust Fund | Central State Bank 301 Iowa Ave, Muscatine, IA 52761 | IA | 1987-05 | $110,851 |
| 14 | Marengo Housing Corp | 298 W Washington St, Marengo, IA 52301-1346 | IA | 1972-01 | $238,168 |
| 15 | Margaret Bock Housing | 601 Second Avenue Se, Cedar Rapids, IA 52401-1325 | IA | 2000-07 | $115,645 |
| 16 | Margaret E Dallas Scholarships | 400 E 6th St, Tipton, IA 52772-1942 | IA | 1985-02 | $11,053 |
| 17 | Margaret Martin Everist Foundation Tr | PO BOX 147, Sioux City, IA 51102-0147 | IA | 1990-03 | $2,920,438 |
| 18 | Margaret Wolf Scholarship Tr | 300 N Main St, Charles City, IA 50616-2020 | IA | 2001-09 | $6,113 |
| 19 | Opening Doors | 1561 Jackson St, Dubuque, IA 52001-4904 | IA | 1946-03 | $1,398,264 |
| 20 | Marian Home | 2400 6th Ave N, Fort Dodge, IA 50501-3541 | IA | 1946-03 | $5,919,709 |
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