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← CENTRAL STATES FAIR

Form 990 for tax year 2022

Filed by CENTRAL STATES FAIR.

Totals

Total revenue
$5,730,392
Total expenses
$5,088,960
Contributions and grants received
$2,322,741
Grants paid
$12,058
Program service revenue
$1,736,247
Investment income
$67,402
Other revenue
$1,604,002
Total assets, end of year
$7,285,392
Total liabilities, end of year
$446,781
Net assets or fund balances, end of year
$6,838,611
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $1,270

  • 1d · Related organizations

    $15,000

  • 1e · Government grants (contributions)

    $1,426,212

  • 1f · All other contributions, gifts and grants

    $880,259

  • 1g · Noncash contributions included above

    $42,450

  • 2a · Program service revenue: FAIR

    total $1,287,633 · related or exempt $1,287,633

  • 2b · Program service revenue: BH STOCK SHOW

    total $439,453 · related or exempt $439,453

  • 2c · Program service revenue: EVENTS CENTER

    total $9,161 · related or exempt $9,161

  • 3 · Investment income

    total $5,312 · excluded $5,312

  • 6a · Gross rents

    real property $1,173,525

  • 6b · Less rental expenses

    real property $288,022

  • 6c · Rental income or loss

    real property $885,503

  • 6d · Net rental income or loss

    total $885,503 · related or exempt $885,503

  • 7a · Gross sales of assets other than inventory

    other assets $65,833

  • 7b · Less cost or other basis and sales expenses

    other assets $3,743

  • 7c · Gain or loss

    other assets $62,090

  • 7d · Net gain or loss

    total $62,090 · excluded $62,090

  • 10a · Gross sales of inventory

    $1,110,057

  • 10b · Cost of goods sold

    $420,840

  • 10c · Net income from sales of inventory

    total $689,217 · related or exempt $689,217

  • 11a · Other revenue: CREDIT CARD FEES, MISC.

    total $29,282 · related or exempt $29,282

  • 11e · Other revenue, total

    $29,282

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,058

  • 5 · Compensation of officers, directors and key employees

    total $117,409

  • 7 · Other salaries and wages

    total $1,090,230

  • 8 · Pension plan contributions

    total $21,616

  • 9 · Other employee benefits

    total $39,578

  • 10 · Payroll taxes

    total $103,112

  • 11c · Fees: accounting

    total $19,880

  • 11g · Fees: other

    total $936,239

  • 12 · Advertising and promotion

    total $94,502

  • 13 · Office expenses

    total $352,244

  • 16 · Occupancy

    total $985,535

  • 17 · Travel

    total $57,248

  • 19 · Conferences, conventions and meetings

    total $25,346

  • 22 · Depreciation, depletion and amortization

    total $261,440

  • 23 · Insurance

    total $71,109

  • 24a · Other expenses: EVENTS RECOGNITIONS/AWARD

    total $888,145

  • 24b · Other expenses: MISCELLANEOUS

    total $13,269

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $63,361 · end of year $147,832

  • 2 · Savings and temporary cash investments

    beginning of year $473,053 · end of year $534,929

  • 4 · Accounts receivable

    beginning of year $663,057 · end of year $473,059

  • 8 · Inventories for sale or use

    beginning of year $10,188 · end of year $37,909

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,837 · end of year $44,769

  • 10a · Land, buildings and equipment: cost or other basis

    $11,948,893

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,921,728

  • 10c · Land, buildings and equipment, net

    beginning of year $5,094,245 · end of year $6,027,165

  • 11 · Investments: publicly traded securities

    beginning of year $20,274 · end of year $19,729

  • 17 · Accounts payable and accrued expenses

    beginning of year $146,836 · end of year $417,495

  • 19 · Deferred revenue

    beginning of year $10,000 · end of year $29,286

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,197,179 · end of year $6,838,611

Mission and programs · 2022

Mission

WE SHOWCASE AGRICULTURE, TOURISM, AND OUR COMMUNITY.

  • CENTRAL STATE FAIR - AGRICULTURAL LIVESTOCK EXPOSITION, FAIR AND CARNIVAL

  • BLACK HILLS STOCK SHOW - LIVESTOCK EXPOSITION

  • EVENTS CENTER - COMMUNITY ACTIVITIES

As filed on the 2022 return.

Listed in Part VII

  • RON JEFFRIES

    GENERAL MANA

    Total calculated
    $112,509
    From this org
    $109,165
    From related orgs
    $0
    Other
    $3,344
    Hours/week
    50

  • JERRY COPE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • TANNER SCHILDER

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • LYNN KENDALL

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ROGER PORCH

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • TYLER TREVILLYAN

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • LOUIE BRUNSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JIM HUNT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KELBY LANG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BOB MILLS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • QUENTIN RIGGINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JUSTIN TUPPER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANNA WHETHAM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN ROBERTS

    CITY LIAISON

    Total calculated
    $0
    Hours/week
    1

  • DEB HADCOCK

    COUNTY LIAIS

    Total calculated
    $0
    Hours/week
    1

  • KAYCE GERLACH

    TERMED 02/20

    Total calculated
    $0
    Hours/week
    1

  • DEAN JOHNSON

    TERMED 02/20

    Total calculated
    $0
    Hours/week
    1

  • GARY DREWES

    TERMED 02/20

    Total calculated
    $0
    Hours/week
    1

  • BART BANKS

    TERMED 02/20

    Total calculated
    $0
    Hours/week
    1

  • JIM HAAR

    TERMED 02/20

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
22 January 2024
IRS schema version
2022v5.0
Source object
202400229349301105

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