Buchanan County Fair Assoc in Independence, Iowa (IA)

Organization representatives - add corrected or new information about Buchanan County Fair Assoc »

Non-representatives - add comments about Buchanan County Fair Assoc»

Buchanan County Fair Assoc
Employer Identification Number (EIN)420158722
Name of OrganizationBuchanan County Fair Assoc
AddressPO BOX 258, Independence, IA 50644-0258
ActivitiesFair, Industry trade shows
SubsectionAgricultural Organization
Ruling Date10/1940
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2014
Assets$500,000 to $999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$730,932
Amount of Income$511,666
Form 990 Revenue Amount$511,666


Non-representatives - add comments:


CAPTCHA

Your IP address 54.158.251.104 will be logged.

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoNo
Is the organization required to complete Schedule B, Schedule of Contributors?NoYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
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?NoNo
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?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
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?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesNo
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)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
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?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNo
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?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
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?NoNo
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?NoNo
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?NoNo
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?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
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?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
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?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 109640
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNo
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 return128
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNo
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)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
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?YesNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?YesNo
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?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
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$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
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$0
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization00
Total number of independent contractors who received more than $100,000 of compensation from the organization00
Statement of Revenue
201120122013
Total revenue$365,627$341,346$466,347
Contributions, Gifts, Grants and Other Similar Amounts$163,924$29,197$202,179
Program Service Revenue$201,694$312,134$264,034
0$34,739$48,702
0$78,646$34,215
0$111,122$107,511
0$32,115$23,738
0$38,598$31,559
All other program service revenue$16,914$18,309
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$9$15$134
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$0$0$0
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$0$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$226,759$275,212$281,658
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$0$0$0
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$20,863$4,000$12,000
Pension plan accruals and contributions$0$0
Other employee benefits$0$0
Payroll taxes$2,466$3,142$4,308
Fees for services (non-employees)
Management$0$0
Legal$1,904$2,882
Accounting$0$0
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$0$0
Other$0$0
Advertising and promotion$1,196$426
Office expenses$0$1,056
Information technology$0$0
Royalties$0$0
Occupancy$13,941$20,813
Travel$0$0
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$2,114$2,828
Interest$13,049$10,712
Payments to affiliates$0$0
Depreciation, depletion, and amortization$7,293$7,069
Insurance$10,458$11,458
Other expenses$16,393$16,319
Other expenses$20,205$17,339
Other expenses$35,235$24,244
Other expenses$121,718$124,997
Other expenses$24,564$25,207
Balance Sheet
201120122013
Total assets$460,335$530,987$600,932
Cash - non-interest-bearing$14,906$27,311
Savings and temporary cash investments$13,292$26,936
Pledges and grants receivable, net$0$0
Accounts receivable, net$0$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$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$0
Notes and loans receivable, net$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$0$0
Land, buildings, and equipment: cost or other basis$502,634$546,530
Investments - publicly traded securities$0$0
Investments - other securities$0$0
Investments - program-related$0$0
Intangible assets$0$0
Other assets$155$155
Total liabilities$244,918$249,436$134,692
Accounts payable and accrued expenses$5,533$6,095
Grants payable$0$0
Deferred revenue$0$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$243,721$243,902$128,597
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$1$0
Total net assets or fund balances$215,417$281,551$466,240
Unrestricted net assets$0$0
Temporarily restricted net assets$0$0
Permanently restricted net assets$0$0
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$215,417$281,551$466,240
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Buchanan County Fair Assoc to others? (optional)
  
Add photo of Buchanan County Fair Assoc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Recently Added Reviews
Disabled American Veterans, Disabled American Veterans Chapter 20 - Des Moines Ia in Des Moines, IA
Pink Tractor Foundation in St Charles, IA
*****
Mid Iowa Foster Grandparent Program in Boone, IA
Furry Friends Refuge in Urbandale, IA
*
Endure Iowa Inc in Johnston, IA
*****
Boone Community Theatre in Boone, IA
****
Missouri River Boat Club in Sioux City, IA
**
Teens Of Tomorrow Inc in Council Blfs, IA
Midwest Pets For Life in Clinton, IA
*****
Raised At Full Draw in Winterset, IA
*****
Other organizations in Iowa
IdNameAddressStateEstablishedTotal Income
1Brown Family Charitable Foundation, Brown Barbara T James & Martin Ttee1202 Edgington Ave, Eldora, IA 50627-1739IA1996-09$1
2Brown Township Mutual Insurance AssociationPO BOX 340, Springville, IA 52336-0340IA1987-06$497,680
3Brownell Family Foundation Rt 2200 S Front St, Montezuma, IA 50171-1159IA1986-12$452,603
4Bruce & Sandy Heerema Charitable Foundation1111 Sunset Ave, Pella, IA 50219-1043IA1998-08$734,891
5Bruce Rex Vale Foundation IncPO BOX 130, Keosauqua, IA 52565-0130IA1973-01$55,681
6Bruckner Society Of America Inc115 S Linn St, Iowa City, IA 52240-1803IA1942-11$4,645
7Brummer Stiles Duncan Scholarship FundCherokee State Bank 212 W Willow, Cherokee, IA 51012IA1986-12$4,489
8Bryant Family Organization262 Fremont Avenue, Dubuque, IA 52003IA2006-08$25,113
9Bsl Foundation2404 Ne Park Dr, Grimes, IA 50111-4839IA2008-01$220,055
10Buchanan County Economic Development CommissionPO BOX 109, Independence, IA 50644-0109IA1996-11$110,033
11Buchanan County Fair AssocPO BOX 258, Independence, IA 50644-0258IA1940-10$511,666
12Buchanan County Health Trust Inc1600 1st St E, Independence, IA 50644-3155IA1990-11$73,781
13Buchanan County Historical Society514 5th Ave Sw, Independence, IA 50644IA1976-09$127,524
14Buchanan County Tourism Bureau Inc1111 5th Avenue Ne, Independence, IA 50644IA2007-07$0
15Buchanan County Volunteer Services Inc1707 1st St E, Independence, IA 50644-9300IA1992-03$301,573
16Buchanan County Council On Aging, Buchanan County York Building For400 5th Ave Ne, Independence, IA 50644-2015IA$27,391
17Buckingham Cemetery AssociationPO BOX 57, Traer, IA 50675-0057IA1958-12$20,101
18Bud Keays TrustPO BOX 760, Mitchellville, IA 50169-0760IA1980-10$6,048
19Buddies For Life-Down Syndrome Support Friendship Community, Buddies For Life4515 Manor Circle, Sioux City, IA 51104IA2007-10$42,857
20Buena Vista County AgriculturalPO BOX 125, Alta, IA 51002-0125IA1940-08$85,255

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Buchanan County Fair Assoc and has no official or unofficial affiliation with Buchanan County Fair Assoc