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Nonprofiteer
← INDIANA STATE FAIR FOUNDATION INC

Form 990 for tax year 2022

Filed by INDIANA STATE FAIR FOUNDATION INC.

Totals

Total revenue
$447,323
Total expenses
$291,164
Contributions and grants received
$434,540
Grants paid
$25,810
Program service revenue
$0
Investment income
$3,723
Other revenue
$9,060
Total assets, end of year
$850,806
Total liabilities, end of year
$18,439
Net assets or fund balances, end of year
$832,367
Program services expenses (Part IX)
$291,164
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$291,164

Program services were 100.0% 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.

  • 1c · Fundraising events

    $26,145

  • 1f · All other contributions, gifts and grants

    $408,395

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $3,723 · excluded $3,723

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $44,905

  • 8a · Fundraising events: contributions included on line 1c

    $26,145

  • 8b · Fundraising events: direct expenses

    $35,845

  • 8c · Net income from fundraising events

    total $9,060 · excluded $9,060

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,810 · program services $25,810

  • 11g · Fees: other

    total $57,428 · program services $57,428 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $2,828 · program services $2,828

  • 14 · Information technology

    total $11,564 · program services $11,564

  • 16 · Occupancy

    total $163 · program services $163

  • 17 · Travel

    total $394 · program services $394

  • 24a · Other expenses: Celebrations of Champions Programs/Awards

    total $147,453 · program services $147,453

  • 24b · Other expenses: Catering

    total $30,612 · program services $30,612

  • 24e · All other expenses

    total $14,912 · program services $14,912 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $725,601 · end of year $820,746

  • 3 · Pledges and grants receivable

    beginning of year $4,465 · end of year $29,870

  • 4 · Accounts receivable

    beginning of year $1,960 · end of year $190

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,035 · end of year $1,009

  • 19 · Deferred revenue

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $35,783 · end of year $17,430

  • 27 · Net assets without donor restrictions

    beginning of year $84,173 · end of year $92,716

  • 28 · Net assets with donor restrictions

    beginning of year $592,035 · end of year $739,651

Mission and programs · 2022

Mission

TO SUPPORT THE YEAR ROUND YOUTH DEVELOPMENT, EDUCATION, AND CAMPUS STEWARDSHIP PROJECTS OF THE INDIANA STATE FAIR COMMISSION FOR THE BENEFIT OF ALL CITIZENS OF INDIANA.

  • ASSIST AND SUPPORT THE EDUCATIONAL AND SCIENTIFIC ACTIVITIES AND PROGRAMS ASSOCIATED WITH THE INDIANA STATE FAIR, INCLUDING THE ANNUAL INDIANA STATE FAIR AND THE OPERATION, MANAGEMENT, ADMINISTRATION, PRESERVATION AND ENHANCEMENT OF THE INDIANA STATE FAIRGROUNDS AND ITS HISTORIC STRUCTURES.

    Expenses $291,164 · Grants $25,810

As filed on the 2022 return.

Listed in Part VII

  • Mitch Frazier

    Chair

    Total calculated
    $0
    Hours/week
    4

  • Bob Cherry

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bruce Everhartt

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bruce Kettler

    Director

    Total calculated
    $0
    Hours/week
    1

  • Cheri Daniels

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Jason Henderson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Greg Schenkel

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gwen Mize

    Director

    Total calculated
    $0
    Hours/week
    4

  • John Gregg

    Director

    Total calculated
    $0
    Hours/week
    1

  • Leigh Evans

    Director

    Total calculated
    $0
    Hours/week
    1

  • Miriam Robeson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Olgen Williams

    Director

    Total calculated
    $0
    Hours/week
    1

  • Samuel Frain

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sen Jean Leising

    Director

    Total calculated
    $0
    Hours/week
    1

  • Terry Clifford

    Director (through 8/2022)

    Total calculated
    $0
    Hours/week
    4

  • Cynthia C Hoye

    Executive Director

    Total calculated
    $288,473
    From this org
    $0
    From related orgs
    $240,665
    Other
    $47,808
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,185 related
    Bonus
    $0 + $92,901 related
    Other
    $0 + $1,579 related
    Deferred
    $0 + $17,929 related
    Nontaxable benefits
    $0 + $29,879 related
    Filer's total
    $0 + $288,473 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part II, Column (B)(ii) Bonus and Incentive Compensation
During calendar year 2022, the timing of payment of annual at risk compensation was changed to be paid in the same year the at risk compensation was attributed to, in conjunction with a change in timing to the organization's annual review process for all employees. As a result of this change, the at risk compensation reported in column B(ii) represents at risk compensation payments for 2021 (paid in early 2022) and 2022 (paid in December 2022).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

  • INDIANA STATE FAIR COMMISSION

    STATE FAIR · IN

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202343119349300409

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