Marshall County Fair Association Inc in Holly Springs, Mississippi (MS)

Marshall County Fair Association Inc
Employer Identification Number (EIN)	640851289
Name of Organization	Marshall County Fair Association Inc
In Care of Name	Carolyn
Address	PO BOX 154, Holly Springs, MS 38635-0154
Activities	Fair
Subsection	Agricultural Organization
Ruling Date	07/1995
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2012
Assets	$100,000 to $499,999
Income	$100,000 to $499,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$340,591
Amount of Income	$247,641
Form 990 Revenue Amount	$226,559
National Taxonomy of Exempt Entities (NTEE)	Recreation, Sports, Leisure, Athletics: Fairs, County and Other

Non-representatives - add comments:

Amount of income in 2012: $247,641

This organization:	$247,641
Other organizations performing similar types of work:	$315,861

Assets in 2012: $340,591

This organization:	$340,591
Other organizations performing similar types of work:	$452,016

Expenses in 2012: $171,787

This organization:	$171,787
Other organizations performing similar types of work:	$300,140

Income to expenses ratio in 2012: 1.4

This organization:	1.4
Other organizations performing similar types of work:	1.1

Expenses allocated to program services in 2000: 0.0%

This organization:	0.0%
Other organizations performing similar types of work:	64.4%

Number of employees in 2012: 2

This organization:	2
Other organizations performing similar types of work:	4

Grants share in income in 2012: 1.0%

Marshall County Fair Association Inc:	1.0%
Other organizations performing similar types of work:	6.8%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?	No
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
Gross income from members or shareholders	$0
Gross income from other sources	$0

Statement of Revenue (for 2012)
Total revenue	$226,559
Contributions, Gifts, Grants and Other Similar Amounts	$2,281
Program Service Revenue	$226,097
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$0
Income from investment of tax-exempt bond proceeds	$0
Royalties	$0
Net rental income	$0
Net gain from sales of assets other than inventory	$0
Net income from fundraising events	$0
Net income from gaming activities	$0
Net loss from sales of inventory	$-1,819
Gross sales of inventory, less returns and allowances	$19,265
Less: cost of goods sold	$21,082
Miscellaneous Revenue	$0

Statement of Functional Expenses (for 2012)
Total functional expenses	$171,787
Compensation of current officers, directors, trustees, and key employees	$0
Other salaries and wages	$14,240
Payroll taxes	$1,741
Professional fundraising services	$0
Other	$155,806

Balance Sheet (for 2012)
Total assets	$340,591
Total liabilities	$294,599
Tax-exempt bond liabilities	$0
Secured mortgages and notes payable to unrelated third parties	$246,609
Unsecured notes and loans payable to unrelated third parties	$0
Other	$47,990
Total net assets or fund balances	$45,982
Retained earnings, endowment, accumulated income, or other funds	$45,982

Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:	Not provided

	2000
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$198,479
Contributions, gifts, grants, and similar amounts received	$3,741
Contributions to donor advised funds
Direct public support	$100
Indirect public support	$0
Government contributions (grants)	$3,641
Program service revenue including government fees and contracts	$67,938
Membership dues and assessments	$3,375
Interest on savings and temporary cash investments	$2,725
Dividends and interest from securities	$0
Net rental income or (loss)	$109,480
Gross rents	$109,480
Less: rental expenses	$0
Other investment income	$0
Gain or (loss) from sales of assets other than inventory	$0
Gross amount from sales of assets other than inventory	$0
Less: cost or other basis and sales expenses	$0
Net income or (loss) from special events and activities	$0
Gross revenue	$0
Less: direct expenses other than fundraising expenses	$0
Gross profit or (loss) from sales of inventory	$11,220
Gross sales of inventory, less returns and allowances	$20,909
Less: cost of goods sold	$9,689
Other revenue	$0
Total expenses	$227,278
Program services	$0
Management and general	$0
Fundraising	$0
Payments to affiliates	$0
Net assets or fund balances at end of year	$218,521
Excess or (deficit) for the year	$-28,799
Net assets or fund balances at beginning of year	$247,320
Other changes in net assets or fund balances	$0

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2000)
Total functional expenses	$227,278	$0	$0	$0
Grants paid from donor advised funds
Other grants and allocations		$0
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above	$40,333	$0	$0	$0
Pension plan contributions not included above	$0	$0	$0	$0
Employee benefits not included above	$0	$0	$0	$0
Payroll taxes	$2,416	$0	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$0	$0	$0	$0
Legal fees	$0	$0	$0	$0
Supplies	$6,542	$0	$0	$0
Telephone	$2,400	$0	$0	$0
Postage and shipping	$261	$0	$0	$0
Occupancy	$10,971	$0	$0	$0
Equipment rental and maintenance	$3,412	$0	$0	$0
Printing and publications	$0	$0	$0	$0
Travel	$71	$0	$0	$0
Conferences, conventions, and meetings	$0	$0	$0	$0
Interest	$64,842	$0	$0	$0
Depreciation, depletion, etc.	$64,493	$0	$0	$0
Other expenses not covered above	$31,537	$0	$0	$0

	2000
Balance Sheets
Total assets	$1,005,731
Cash - non-interest-bearing	$86,691
Savings and temporary cash investments	$0
Accounts receivable less allowance for doubtful accounts	$213
Pledges receivable less allowance for doubtful accounts	$0
Grants receivable	$0
Receivables from current and former officers, directors, trustees, and key employees	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts	$0
Inventories for sale or use	$0
Prepaid expenses and deferred charges	$0
Investments - publicly-traded securities
Investments - other securities	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0
Investments - other	$0
Land, buildings, and equipment less accumulated depreciation	$918,327
Other assets, including program-related investments	$500
Total liabilities	$787,210
Accounts payable and accrued expenses	$613
Grants payable	$0
Deferred revenue	$38,622
Loans from officers, directors, trustees, and key employees	$0
Tax-exempt bond liabilities	$0
Mortgages and other notes payable	$747,975
Other liabilities	$0
Total liabilities and net assets/fund balances	$1,005,731
Total net assets or fund balances	$218,521

	2000
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$198,479
Total revenue, gains, and other support per audited financial statements	$198,479
Other expenses	$0
Net unrealized gains on investments	$0
Donated services and use of facilities	$0
Recoveries of prior year grants	$0
Other	$0
Other revenue	$0
Investment expenses	$0
Other	$0

	2000
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$227,278
Total expenses and losses per audited financial statements	$227,278
Other revenue	$0
Donated services and use of facilities	$0
Prior year adjustments	$0
Losses	$0
Other	$0
Other expenses	$0
Investment expenses	$0
Other	$0

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	No
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?	Yes
Did the organization make only in-house lobbying expenditures of $2,000 or less?	No
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?	No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?	No
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006	2

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2000)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$0	$194,738
Program service revenue
Program service revenue 1	000000	$0	00	$0	$67,938
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$3,375
Interest on savings and temporary cash investments	000000	$0	00	$0	$2,725
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$109,480
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$11,220
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2000)
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2000)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2000)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is

	1999
Support Schedule
Total	$0
Gifts, grants, and contributions received	$0
Membership fees received	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0
Net income from unrelated business activities not included above	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0
Other income	$0

Lobbying Expenditures by Electing Public Charities (for 2000)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Marshall County Fair Association Inc	PO BOX 154, Holly Springs, MS 38635-0154	MS	1995-07	$247,641
2	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
3	Utah State Fair Corporation, Utah State Fairpark	155 N 1000 W, Salt Lake Cty, UT 84116-3307	UT	1997-04	$4,456,940
4	West Oxford Agricultural Society	PO BOX 78, Fryeburg, ME 04037-0078	ME	1991-01	$3,786,764
5	Solano County Fair Association	900 Fairgrounds Dr, Vallejo, CA 94589-4003	CA	1991-06	$2,967,270
6	Wharton County Youth Fair And Exposition	PO BOX 167, Glen Flora, TX 77443-0167	TX	1976-06	$2,068,302
7	Neshoba County Fair Association Inc	16800 Highway 21 S, Philadelphia, MS 39350-7721	MS	1994-10	$1,355,877
8	St Joseph County Grange Fair Assoc	PO BOX 578, Centreville, MI 49032-0578	MI	1940-07	$1,343,147
9	The Cincinnati International Wine Festival Inc	11159 Kenwood Rd, Cincinnati, OH 45242-1847	OH	1994-04	$1,035,576
10	St Lucie County Fair Association Inc	PO BOX 12478, Fort Pierce, FL 34979-2478	FL	1996-01	$966,039
11	Suwanee River Fair & Livestock Association Inc	PO BOX 252, Trenton, FL 32693-0252	FL	1997-03	$920,381
12	Ulster County Agricultural Society	PO BOX 71, New Paltz, NY 12561-0071	NY	1996-04	$892,377
13	Washington Parish Fair Association	PO BOX 697, Franklinton, LA 70438-0697	LA	1951-01	$821,547
14	Waukesha County Fair Association	2417 Silvernail Rd, Pewaukee, WI 53072-5406	WI	1998-09	$785,724
15	Upper Missouri Valley Fair Assoc	PO BOX 785, Williston, ND 58802-0785	ND	1991-05	$653,341
16	The White County Fair Association Incorporated	PO BOX 1605, Searcy, AR 72145-1605	AR	1986-01	$617,983
17	Southern Lancaster County Community Fair Association	119 Cooks Landing Rd, Peach Bottom, PA 17563-9728	PA	1980-09	$571,822
18	Floyd County Fair Society	PO BOX 301, Charles City, IA 50616-0301	IA	1987-12	$531,193
19	Trinity County Fair Association Inc	PO BOX 880, Hayfork, CA 96041-0880	CA	1989-05	$511,593
20	Starr County Fair Association Inc	PO BOX 841, Rio Grande Cy, TX 78582-0841	TX	1986-12	$498,589

Number of organizations performing similar types of work

Alaska	2
Alabama	6
Arkansas	14
Arizona	2
California	13
Colorado	4
Connecticut	7
Delaware	1
Florida	37
Georgia	5
Iowa	17
Idaho	1
Illinois	17
Indiana	11
Kansas	5
Kentucky	12
Louisiana	6
Massachusetts	9
Maryland	8
Maine	5
Michigan	15
Minnesota	4
Missouri	12

Mississippi	2
North Carolina	5
North Dakota	5
Nebraska	6
New Hampshire	4
New Jersey	4
New Mexico	1
Nevada	1
New York	14
Ohio	10
Oklahoma	3
Pennsylvania	14
South Carolina	8
South Dakota	1
Tennessee	5
Texas	31
Utah	2
Virginia	16
Vermont	4
Washington	5
Wisconsin	20
West Virginia	7
Wyoming	1

Total

382

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