Form 990 for tax year 2024
Filed by BENTON-FRANKLIN- FAIR ASSOCIATION.
Totals
- Total revenue
- $3,952,510
- Total expenses
- $4,062,090
- Contributions and grants received
- $41,161
- Grants paid
- $0
- Program service revenue
- $3,793,230
- Investment income
- $55,698
- Other revenue
- $62,421
- Total assets, end of year
- $1,398,913
- Total liabilities, end of year
- $220,327
- Net assets or fund balances, end of year
- $1,178,586
- Program services expenses (Part IX)
- $4,062,090
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,062,090
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.
-
1f · All other contributions, gifts and grants
$41,161
-
2a · Program service revenue: SPONSORSHIP
total $1,039,280 · related or exempt $1,039,280
-
2b · Program service revenue: ADMISSIONS
total $852,536 · related or exempt $852,536
-
2c · Program service revenue: CARNIVAL INCOME
total $443,364 · related or exempt $443,364
-
2d · Program service revenue: COMMISSION INCOME
total $328,724 · related or exempt $328,724
-
2e · Program service revenue: FOOD &BEVERAGE INCOME
total $236,522 · related or exempt $236,522
-
2f · All other program service revenue
total $892,804 · related or exempt $892,804
-
3 · Investment income
total $46,923 · related or exempt $46,923
-
7a · Gross sales of assets other than inventory
other assets $10,050
-
7b · Less cost or other basis and sales expenses
other assets $1,275
-
7c · Gain or loss
other assets $8,775
-
7d · Net gain or loss
total $8,775 · related or exempt $8,775
-
8a · Fundraising events: gross income
$62,421
-
8c · Net income from fundraising events
total $62,421
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $204,827 · program services $204,827
-
7 · Other salaries and wages
total $198,887 · program services $198,887
-
9 · Other employee benefits
total $25,899 · program services $25,899
-
10 · Payroll taxes
total $46,213 · program services $46,213
-
11b · Fees: legal
total $2,137 · program services $2,137
-
11c · Fees: accounting
total $35,688 · program services $35,688
-
12 · Advertising and promotion
total $128,626 · program services $128,626
-
13 · Office expenses
total $65,811 · program services $65,811
-
16 · Occupancy
total $259,675 · program services $259,675
-
17 · Travel
total $27,049 · program services $27,049
-
20 · Interest
total $4,007 · program services $4,007
-
22 · Depreciation, depletion and amortization
total $42,111 · program services $42,111
-
23 · Insurance
total $64,769 · program services $64,769
-
24a · Other expenses: STAGE & ARTIST
total $743,711 · program services $743,711
-
24b · Other expenses: GENERAL OPERATIONS
total $712,903 · program services $712,903
-
24c · Other expenses: RODEO
total $541,130 · program services $541,130
-
24d · Other expenses: HOSPITALITY TENT EXPENSE
total $173,696 · program services $173,696
-
24e · All other expenses
total $784,951 · program services $784,951
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $73,344 · end of year $63,365
-
2 · Savings and temporary cash investments
beginning of year $985,678 · end of year $901,102
-
4 · Accounts receivable
beginning of year $123,216 · end of year $84,797
-
10a · Land, buildings and equipment: cost or other basis
$1,238,102
-
10b · Land, buildings and equipment: accumulated depreciation
$888,453
-
10c · Land, buildings and equipment, net
beginning of year $373,434 · end of year $349,649
-
17 · Accounts payable and accrued expenses
beginning of year $10,787 · end of year $16,903
-
25 · Other liabilities
beginning of year $256,719 · end of year $203,424
-
27 · Net assets without donor restrictions
beginning of year $1,288,166 · end of year $1,178,586
Mission and programs · 2024
Mission
PROMOTE PUBLIC EDUCATION RELATED TO THE COMMUNITY'S AGRICULTURAL HERITAGE, PROMOTE QUALITY FAMILY-ORIENTED ACTIVITIES, ENCOURAGE YOUTH AND COMMUNITY PARTICIPATION, AND HIGHLIGHT THE STRENGTHS OF THE VAST CULTURAL DIVERSITY OF THE COMMUNITY.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $4,062,090 · Revenue $3,793,230
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Lori LancasterLORI LANCASTER
FAIR MANAGER
- Total calculated
- $204,827
- From this org
- $204,827
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $102,263
- Bonus
- $102,564
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $204,827
-
Duane HowardDUANE HOWARD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Doug ElliottDOUG ELLIOTT
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
John LongJOHN LONG
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Toni ZunkerTONI ZUNKER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Gayle StackGAYLE STACK
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Rod BlundonROD BLUNDON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mike CaseyMIKE CASEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sherry GartsideSHERRY GARTSIDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jerrad JohnstonJERRAD JOHNSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steve LancasterSTEVE LANCASTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Scott LoparcoSCOTT LOPARCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Haley MeredithHALEY MEREDITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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
- 3 · Approval by the board or compensation committee
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
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202513179349308746
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