Form 990 for tax year 2025
Filed by MILLE LACS COUNTY AGRICULTURAL.
Totals
- Total revenue
- $360,899
- Total expenses
- $313,503
- Contributions and grants received
- $78,216
- Grants paid
- $0
- Program service revenue
- $200,908
- Investment income
- $0
- Other revenue
- $81,775
- Total assets, end of year
- $552,593
- Total liabilities, end of year
- $54,391
- Net assets or fund balances, end of year
- $498,202
- Program services expenses (Part IX)
- $266,991
- Management and general expenses
- $31,091
- Fundraising expenses
- $15,421
- Program service expenses (Part III)
- $266,991
Program services were 85.2% 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
$90
-
1e · Government grants (contributions)
$18,500
-
1f · All other contributions, gifts and grants
$59,626
-
2a · Program service revenue: Entry Fees, Gate & Open Class
total $75,117 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Entry Fees, Grandstand/Pits
total $60,912 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Advertising/Sponsorships
total $25,625 · unrelated business $0 · excluded $0
-
2d · Program service revenue: Beer Garden Sales
total $25,612 · unrelated business $0 · excluded $0
-
2e · Program service revenue: 4130 MCIT Dividend
total $26 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $13,616 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $80,967
-
6c · Rental income or loss
real property $80,967
-
6d · Net rental income or loss
total $80,967 · related or exempt $80,967
-
11d · All other revenue
total $808 · related or exempt $808 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$808
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $2,000 · program services $1,000 · management and general $500 · fundraising $500
-
11c · Fees: accounting
total $4,227 · program services $1,500 · management and general $1,227 · fundraising $1,500
-
12 · Advertising and promotion
total $18,697 · program services $6,697 · management and general $6,000 · fundraising $6,000
-
13 · Office expenses
total $2,400 · program services $800 · management and general $800 · fundraising $800
-
14 · Information technology
total $1,888 · program services $638 · management and general $625 · fundraising $625
-
16 · Occupancy
total $22,557 · program services $11,279 · management and general $11,278 · fundraising $0
-
17 · Travel
total $2,400 · program services $2,400 · management and general $0 · fundraising $0
-
20 · Interest
total $3,202 · program services $3,202 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $18,226 · program services $18,226 · management and general $0 · fundraising $0
-
23 · Insurance
total $19,716 · program services $13,716 · management and general $6,000 · fundraising $0
-
24a · Other expenses: 6220 Bank Charges
total $61 · program services $0 · management and general $61 · fundraising $0
-
24b · Other expenses: 6240 Software
total $851 · program services $426 · management and general $425 · fundraising $0
-
24c · Other expenses: 6250 Supplies
total $5,076 · program services $3,076 · management and general $1,000 · fundraising $1,000
-
24d · Other expenses: 6255 Volunteer Dinner
total $661 · program services $661 · management and general $0 · fundraising $0
-
24e · All other expenses
total $211,541 · program services $203,370 · management and general $3,175 · fundraising $4,996
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $120,011 · end of year $83,801
-
2 · Savings and temporary cash investments
beginning of year $57,691 · end of year $107,986
-
4 · Accounts receivable
beginning of year $3,832 · end of year $4,663
-
9 · Prepaid expenses and deferred charges
beginning of year $5,000 · end of year $6,000
-
10a · Land, buildings and equipment: cost or other basis
$664,750
-
10b · Land, buildings and equipment: accumulated depreciation
$314,607
-
10c · Land, buildings and equipment, net
beginning of year $323,984 · end of year $350,143
-
17 · Accounts payable and accrued expenses
beginning of year $197 · end of year -$177
-
19 · Deferred revenue
end of year $10,274
-
23 · Secured mortgages and notes payable
beginning of year $50,000 · end of year $44,294
-
31 · Retained earnings, endowment or other funds
beginning of year $460,321 · end of year $498,202
Mission and programs · 2025
Mission
THE ORGANIZATION OPERATES UNDER AN ELECTED BOARD AND PROVIDES SUCH SERVICES NECESSARY TO CONDUCT THE ANNUAL MILLE LACS COUNTY FAIR
-
THE ORGANIZATION OPERATES UNDER AN ELECTED BOARD AND PROVIDES SUCH SERVICES NECESSARY TO CONDUCT THE ANNUAL MILLE LACS COUNTY FAIR ALONG WITH OTHER COMMUNITY EVENTS DURING THE YEAR.
Expenses $266,991 · Grants $38,186 · Revenue $360,909
As filed on the 2025 return.
Listed in Part VII
-
Amanda PolipnickAMANDA POLIPNICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David LehrDAVID LEHR
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
James DehnJAMES DEHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Laura StobbLAURA STOBB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Marty GrimmMARTY GRIMM
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Michele McPhersonMICHELE MCPHERSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Patrick ShawPATRICK SHAW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Randy HatchRANDY HATCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tana Haugen-BrownTANA HAUGEN-BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tom GramsTOM GRAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Patricia BraunPATRICIA BRAUN
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 19 April 2026
- IRS schema version
- 2025v4.1
- Source object
- 202621149349300907
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