MINNESOTA STATE FAIR FOUNDATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- MINNESOTA STATE FAIR FOUNDATION (EIN 41-2013696)
- Tax period
- 2012-11-01 to 2013-10-31
- Filed
- 2014-01-28
- IRS object ID
- 201440289349300414
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-01-28T10:41:26-06:00 | Timestamp |
| Tax Period End Date | 2013-10-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410746749 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 SOUTH SIXTH STREET SUITE 300 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-11-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 412013696 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MINNESOTA STATE FAIR FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MINN | NameControl |
| Phone | 6512884323 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1265 SNELLING AVENUE NORTH | AddressLine1 |
| City | ST PAUL | City |
| State | MN | State |
| ZIP Code | 551083099 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PATRICK BAILEY | Name |
| Title | BOARD CHAIR | Title |
| Phone | 6512884323 | Phone |
| Date Signed | 2014-01-21 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JENNIFER TINGLEY | Name |
| PTIN | P01485570 | PTIN |
| Phone | 6123764500 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KAY CADY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1265 SNELLING AVENUE NORTH | AddressLine1 |
| City | ST PAUL | City |
| State | MN | State |
| ZIP Code | 551083099 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1132975 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MSFFOUNDATION.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2001 | YearFormation |
| State Legal Domicile | MN | StateLegalDomicile |
| Activity Or Mission Description | TO PRESERVE, IMPROVE & SUPPORT THE HISTORIC MINNESOTA STATE FAIR. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 19 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 19 | NbrIndependentVotingMembers |
| Total Nbr Employees | 7 | TotalNbrEmployees |
| Total Nbr Volunteers | 305 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1002797 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 869790 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 4193 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4747 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 156343 | OtherRevenuePriorYear |
| Other Revenue Current Year | 152230 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1163333 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1026767 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 979867 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 518766 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 400104 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 421879 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 2135 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 209787 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 192381 | OtherExpensePriorYear |
| Other Expenses Current Year | 170200 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1572352 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1112980 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -409019 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -86213 | RevenuesLessExpensesCY |
| Total Assets BOY | 1534296 | TotalAssetsBOY |
| Total Assets EOY | 1370382 | TotalAssetsEOY |
| Total Liabilities BOY | 149497 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 53001 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1384799 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1317381 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE MINNESOTA STATE FAIR FOUNDATION MISSION IS TO PRESERVE AND IMPROVE THE HISTORIC MINNESOTA STATE FAIRGROUNDS AND SUPPORT STATE FAIR AGRICULTURAL, SCIENTIFIC, AND EDUCATIONAL EXPERIENCES. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 709504 | Expense |
| Grants | 518766 | Grants |
| Revenue | 0 | Revenue |
| Description | IN 2013, THE MINNESOTA STATE FAIR FOUNDATION GRANTED $535,680 (INCLUDING $16,914 FOR DONATED SERVICES AND $67,425 NON-CASH CONTRIBUTIONS) TO THE MINNESOTA STATE FAIR FOR CAPITAL AND PROGRAM IMPROVEMENTS. CASH GRANTS INCLUDED SUPPORT FOR COMPLETION OF AGSTAR ARENA. FUNDS ALSO SUPPORTED A NEW PERFORMING ARTS PROGRAM CALLED ARTS A'FAIR, VOCABULARY-BUILDING ACTIVITIES IN BALDWIN PARK, HISTORY PROGRAMS, AND THE GIANT SING-ALONG PUBLIC ART INSTALLATION. IN-KIND DONATIONS SUPPORTED THE HISTORIC WALKING TOUR ON THE FAIRGROUNDS, DIRT REMOVAL AND INSTALLATION SERVICES FOR THE LEE AND ROSE WARNER COLISEUM, AND SEATING, TREES AND VINES. OVERALL, GRANTS ARE ALIGNED WITH THESE STATE FAIR PROGRAM AREAS: AGRICULTURE, ART, ENVIRONMENT, HISTORY AND HERITAGE, AND EDUCATION. THE FOUNDATION ALSO RETAINED ASSETS FOR FUTURE GRANTS, AND CONTINUED TO BUILD ENDOWMENT FUNDS. THE FOUNDATION'S OPERATING EXPENSES ARE FUNDED THROUGH CONTRIBUTIONS, EARNED INCOME AND SUPPORT FROM THE STATE FAIR. | Description |
| Total Program Service Expense | 709504 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 9 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 7 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 19 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 19 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JENNINE DUDA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6512884323 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1265 SNELLING AVENUE NORTH | AddressLine1 |
| City | ST PAUL | City |
| State | MN | State |
| ZIP Code | 551083099 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (22 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| PATRICK BAILEY | ||||||
| BOARD CHAIR | 3.00 | X | X | 0 | 0 | 0 |
| MITCH DAVIS | ||||||
| VICE CHAIR | 1.00 | X | X | 0 | 0 | 0 |
| JERRY HAMMER | ||||||
| SECRETARY | 2.00 | X | X | 0 | 0 | 0 |
| DAVID SORENSEN | ||||||
| TREASURER | 3.00 | X | X | 0 | 0 | 0 |
| SANDY CRAIGHEAD | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| STEVE EILERTSON | ||||||
| BOARD MEMBER (TERM ENDED JAN 2013) | 1.00 | X | 0 | 0 | 0 | |
| JOHN FABIE | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JIM FOSS | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| TERRY GILBERSTADT | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| BERT GREENER | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| ROBYN HANSEN | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | |
| JEFF HAWKINS | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JOHN KEENAN | ||||||
| BOARD MEMBER (TERM ENDED JAN 2013) | 1.00 | X | 0 | 0 | 0 | |
| GINNY HUBBARD MORRIS | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| FRANK PARISI | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| STEVE POPPEN | ||||||
| BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | |
| BRAD RIBAR | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| CINDIE SMART | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JIM SMART | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| PATTY SMITH | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JIM WINTER | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| KAY CADY | ||||||
| EXECUTIVE DIRECTOR | 40.00 | X | 156314 | 0 | 23162 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 156314 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 23162 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 63425 | FundraisingEvents |
| All Other Contributions | 806365 | AllOtherContributions |
| Noncash Contributions | 101449 | NoncashContributions |
| Total Contributions | 869790 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4747 | TotalRevenueColumn |
| Exclusion | $4,747 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 40384 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 63425 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 46493 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -6109 | TotalRevenueColumn |
| Exclusion | -$6,109 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 217979 | GrossSalesOfInventory |
| Cost Of Goods Sold | 59715 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 158264 | TotalRevenueColumn |
| Exclusion | $158,264 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS INCOME | Description |
| Business Code | 561000 | BusinessCode |
| Total Revenue Column | 75 | TotalRevenueColumn |
| Exclusion | $75 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 75 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1026767 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $156,977 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 518766 | Total |
| Program Services | 518766 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 188950 | Total |
| Program Services | 94476 | ProgramServices |
| Management And General | 37789 | ManagementAndGeneral |
| Fundraising | 56685 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 168017 | Total |
| Program Services | 50806 | ProgramServices |
| Management And General | 50205 | ManagementAndGeneral |
| Fundraising | 67006 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8617 | Total |
| Program Services | 2600 | ProgramServices |
| Management And General | 2578 | ManagementAndGeneral |
| Fundraising | 3439 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34847 | Total |
| Program Services | 9768 | ProgramServices |
| Management And General | 14266 | ManagementAndGeneral |
| Fundraising | 10813 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21448 | Total |
| Program Services | 8579 | ProgramServices |
| Management And General | 5362 | ManagementAndGeneral |
| Fundraising | 7507 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34839 | Total |
| Management And General | 34839 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2135 | Total |
| Fundraising | 2135 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6815 | Total |
| Management And General | 6815 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 125 | Total |
| Management And General | 125 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39004 | Total |
| Program Services | 4820 | ProgramServices |
| Management And General | 17492 | ManagementAndGeneral |
| Fundraising | 16692 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5034 | Total |
| Program Services | 1960 | ProgramServices |
| Management And General | 1359 | ManagementAndGeneral |
| Fundraising | 1715 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3616 | Total |
| Program Services | 3181 | ProgramServices |
| Management And General | 273 | ManagementAndGeneral |
| Fundraising | 162 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2395 | Total |
| Management And General | 2395 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1322 | Total |
| Program Services | 1227 | ProgramServices |
| Management And General | 95 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3415 | Total |
| Program Services | 1366 | ProgramServices |
| Management And General | 854 | ManagementAndGeneral |
| Fundraising | 1195 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3954 | Total |
| Program Services | 362 | ProgramServices |
| Management And General | 2182 | ManagementAndGeneral |
| Fundraising | 1410 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| MATERIALS | 38513 | 419 | 766 | 37328 |
| CREDIT CARD FEES/BANK C | 8643 | 8643 | ||
| SALES TAXES | 8584 | 8584 | ||
| FOOD | 5085 | 32 | 3337 | 1716 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8856 | Total |
| Program Services | 2558 | ProgramServices |
| Management And General | 4314 | ManagementAndGeneral |
| Fundraising | 1984 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1112980 | Total |
| Program Services | 709504 | ProgramServices |
| Management And General | 193689 | ManagementAndGeneral |
| Fundraising | 209787 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 135660 | BOY |
| EOY | 117274 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 917604 | BOY |
| EOY | 994549 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 385717 | BOY |
| EOY | 80144 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1834 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3650 | BOY |
| EOY | 5335 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6024 | BOY |
| EOY | 4321 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 7329 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 5453 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5291 | BOY |
| EOY | 1876 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 78516 | BOY |
| EOY | 166883 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1534296 | BOY |
| EOY | 1370382 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26553 | BOY |
| EOY | 34732 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 122944 | BOY |
| EOY | 18269 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 149497 | BOY |
| EOY | 53001 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 303922 | BOY |
| EOY | 421544 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 936298 | BOY |
| EOY | 734078 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 144579 | BOY |
| EOY | 161759 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1384799 | BOY |
| EOY | 1317381 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1534296 | BOY |
| EOY | 1370382 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -86213 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 18795 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1046046 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 626483 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1721863 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1002797 | CurrentTaxYearMinus1Year |
| Current Tax Year | 869789 | CurrentTaxYear |
| Total | 5266978 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1046046 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 626483 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1721863 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1002797 | CurrentTaxYearMinus1Year |
| Current Tax Year | 869789 | CurrentTaxYear |
| Total | 5266978 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 756808 | AmountsSubstContributorsTotal |
| Public Support Total170 | 4510170 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 14131 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3218 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 5805 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4193 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4747 | CurrentTaxYear |
| Total | 32094 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 4043 | CurrentTaxYearMinus2Years |
| Current Tax Year | 75 | CurrentTaxYear |
| Total | 4118 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 5303190 | TotalSupport |
| Gross Receipts From Admissions Etc | 1374239 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.85050 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.83780 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2010 AMOUNT: $ 4,043. 2012 AMOUNT: $ 75. | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 78516 | BeginningOfYearBalance |
| Contributions | 66771 | Contributions |
| Investment Earnings Or Losses | 21596 | InvestmentEarningsOrLosses |
| End Of Year Balance | 166883 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 18599 | BeginningOfYearBalance |
| Contributions | 54200 | Contributions |
| Investment Earnings Or Losses | 5717 | InvestmentEarningsOrLosses |
| End Of Year Balance | 78516 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributions | 18500 | Contributions |
| Investment Earnings Or Losses | 99 | InvestmentEarningsOrLosses |
| End Of Year Balance | 18599 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.01970 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.82080 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.15960 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7329 | OtherCostOrOtherBasis |
| Depreciation | 5453 | Depreciation |
| Book Value | 1876 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1876 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PAYABLES DUE TO THE MINNESOTA STATE AGRICULTURAL SOCIETY | Description |
| Amount | $18,269 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 18269 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 1099298 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 18795 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 45494 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 8242 | OtherRevenues |
| Revenue Not Rptd F990 | 72531 | RevenueNotRptdF990 |
| Revenue Subtotal | 1026767 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 1026767 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1166716 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 45494 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 8242 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 53736 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1112980 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 1112980 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE ORGANIZATION'S RESTRICTED ENDOWMENT IS TO BE HELD IN PERPETUITY. EARNINGS ON ENDOWMENT INVESTMENTS MAY BE USED FOR CAPITAL AND PROGRAM IMPROVEMENTS TO BENEFIT THE MINNESOTA STATE FAIR. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE MINNESOTA REGULATIONS. THE FOUNDATION FOLLOWS THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2010 TO 2012 ARE OPEN TO EXAMINATION BY FEDERAL AUTHORITIES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES IN EXCESS OF DIRECT BENEFIT 8,242. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES IN EXCESS OF DIRECT BENEFIT 8,242. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | TASTE OF THE FAIR | NameOfEvent1 |
| Gross Receipts Event1 | 103809 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 63425 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 40384 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 23554 | NonCashPrizesEvent1 |
| Food And Beverage Event1 | 4710 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 1900 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 16329 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 103809 | GrossReceiptsTotal |
| Charitable Contributions Total | 63425 | CharitableContributionsTotal |
| Gross Revenue Total Events | 40384 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 23554 | NonCashPrizesTotalEvents |
| Food And Beverage Total Events | 4710 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 1900 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 16329 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 46493 | DirectExpenseSummaryEvents |
| Net Income Summary | -6109 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MINNESOTA STATE AGRICULTURAL SOCIETY | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1265 SNELLING AVENUE NORTH | AddressLine1 |
| City | ST PAUL | City |
| State | MN | State |
| ZIP Code | 55108 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 411531915 | EINOfRecipient |
| IRC Section | N/A | IRCSection |
| Amount Of Cash Grant | 451341 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 67425 | AmountOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | PROGRAM DEVELOPMENT, LANDSCAPING, FOOD FOR EVENT | DescriptionOfNonCashAssistance |
| Purpose Of Grant | IMPROVEMENTS & PROGRAMMING AT/FOR THE FAIR GROUNDS. | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE FOUNDATION REQUIRES DOCUMENTATION OF ESTIMATED COSTS AND FINAL EXPENDITURES FROM THE GRANTEE. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | KAY CADY | NamePerson |
| Title | EXECUTIVE DIRECTOR | Title |
| Base Compensation Filing Org | 156314 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 8170 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 14992 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 179476 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule M IRS990ScheduleM
Other Non Cash Contributions Table OtherNonCashContributionsTable (7 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | AUCTION ITEMS | 107 | 23554 | FMV |
| X | POSTER/PRINTS | 1 | 5346 | FMV |
| X | TREES/VINES | 2 | 3225 | FMV |
| X | GRAVEL AND GRADING | 1 | 20000 | FMV |
| X | OFFICE FURNITURE | 1 | 37000 | FMV |
| X | STREET LIGHT | 1 | 7200 | FMV |
| X | FOOD AND BEVERAGE | 4 | 5124 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | THE FOUNDATION'S EXECUTIVE COMMITTEE IS COMPRISED OF THE OFFICERS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. |
| FORM 990, PART VI, SECTION A, LINE 2 | JIM SMART AND CINDIE SMART - FAMILY RELATIONSHIP |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS REVIEWED BY EXECUTIVE LEADERSHIP AND THE AUDIT COMMITTEE. FOLLOWING THIS REVIEW, THE FORM 990 IS PROVIDED TO THE FULL GOVERNING BOARD PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE FOUNDATION'S CONFLICT OF INTEREST POLICY COVERS BOARD MEMBERS, BOARD COMMITTEE MEMBERS, STAFF MEMBERS, AND FAMILY MEMBERS OF THE AFOREMENTIONED. EACH COVERED INDIVIDUAL WILL ANNUALLY SIGN A FORM AFFIRMING THAT THE INDIVIDUAL HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTOOD THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. COVERED MEMBERS HAVE THE DUTY TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, OR LACK THEREOF, TO THE BOARD OR COMMITTEE. AFTER DISCLOSURE OF THE POTENTIAL CONFLICT INCLUDING ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED INDIVIDUAL, HE/SHE WILL RECUSE THEMSELVES FROM THE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED, DETERMINED BY THE REMAINING BOARD OR COMMITTEE MEMBERS AND VOTED UPON. THE MINUTES OF BOARD OR COMMITTEE MEETINGS DOCUMENT THE NAMES OF THE INDIVIDUALS WITH THE POTENTIAL CONFLICT, MATERIAL FACTS, ACTIONS TAKEN TO DETERMINE IF A CONFLICT WAS PRESENT, THE BOARD OR COMMITTEE'S DECISION ON THE TRANSACTION, AND THE NAMES OF INDEPENDENT INDIVIDUALS PRESENT FOR THE DETERMINATION AND VOTE. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE PERFORMANCE REVIEW AND COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD. COMPENSATION IS BASED ON A MARKET REVIEW AND IS CONSISTENT WITH STATE FAIR PAY SCALES. THE LAST REVIEW PROCESS FOR EXECUTIVE DIRECTOR, K. CADY WAS UNDERTAKEN DURING 2013. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
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