2011-03-11T11:34:08-06:00 2010-10-31 LARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2009-11-01 412013696 Minnesota State Fair Foundation MINN 6516322621 1265 Snelling Avenue North St Paul MN 551083099 FRANK PARISI 6516322621 2011-03-04 1 Casey Badger 6123764500 2009 2016-02-24 21:20:13Z FRANK PARISI 1265 Snelling Avenue North St Paul MN 551083099 934096 0 X www.msffoundation.org X 2001 MN TO PRESERVE, IMPROVE & SUPPORT THE HISTORIC MINNESOTA STATE FAIR. 22 22 7 250 0 0 1052091 626483 0 14131 3218 175100 191524 1241322 821225 1014533 318758 0 354760 370764 0 103452 183957 185525 1553250 875047 -311928 -53822 1226028 1150939 310516 289249 915512 861690 THE MINNESOTA STATE FAIR FOUNDATION MISSION IS TO PRESERVE AND IMPROVE THE HISTORIC MINNESOTA STATE FAIRGROUNDS AND SUPPORT STATE FAIR AGRICULTURAL, SCIENTIFIC, AND EDUCATIONAL PROGRAMS. 0 0 556858 318758 0 In 2010, the Minnesota State Fair Foundation granted $318,758 to the State Fair for capital and program improvements including: lighting improvements at the Fine Arts Center; development of the State Fair archives; and vocabulary building and history programs during the State Fair. This amount does not reflect an additional $33,977 of in-kind services that the Foundation received and granted to the State Fair.Additionally, other funding was provided to advance agriculture and the environment. Cumulatively, since the start of the Foundation in 2001, over $4 million of cash and in-kind contributions have been made to the State Fair. The Foundation also retains assets for future grants. The Foundation's operating expenses are funded through contributions, earned income and the State Fair. 556858 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2 0 1 7 1 0 0 0 0 0 0 0 0 0 22 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X X MARY CHUNG 6516322621 1265 Snelling Avenue North St Paul MN 551083099 FRANK PARISI 3.00 X X 0 0 0 J MICHAEL MILES 3.00 X X 0 0 0 ROBYN HANSEN 2.00 X X 0 0 0 JERRY HAMMER 2.00 X X 0 0 0 STEVE EILERTSON 2.00 X X 0 0 0 PAT BAILEY 1.00 X 0 0 0 MITCH DAVIS 1.00 X 0 0 0 JIM FOSS 1.00 X 0 0 0 TERRY GILBERSTADT 1.00 X 0 0 0 DAVID HYSLOP 1.00 X 0 0 0 DAVID JOHNSON 1.00 X 0 0 0 JOHN KEENAN 1.00 X 0 0 0 MALCOLM MCDONALD 1.00 X 0 0 0 GINNY MORRIS 1.00 X 0 0 0 STEVE POPPEN 1.00 X 0 0 0 BRAD RIBAR 1.00 X 0 0 0 CLARICE SCHMIDT 1.00 X 0 0 0 CINDIE SMART 1.00 X 0 0 0 JIM SMART 1.00 X 0 0 0 DAVID SORENSEN 1.00 X 0 0 0 GUY WARNER 1.00 X 0 0 0 CRAIG WRUCK 1.00 X 0 0 0 KAY CADY 40.00 X 140192 0 20536 140192 0 20536 1 0 1 0 0 21088 605395 38087 626483 3218 3218 49047 21088 44752 4295 4295 255348 68119 187229 187229 821225 0 0 194742 318758 318758 168940 84470 52371 32099 140404 58548 58408 23448 7331 3057 3050 1224 35262 14704 14669 5889 18827 8246 7324 3257 8043 8043 27719 27719 12834 1745 8700 2389 125 125 30072 2320 17035 10717 2139 604 536 999 4282 1875 1666 741 2105 877 1228 8308 275 787 7246 5030 2203 1957 870 9374 4106 3646 1622 3367 1475 1310 582 MATERIALS 42945 31712 1109 10124 LOSS ON OBSLT. INVENTOR 12336 12336 SALES TAXes 7133 7133 FOOD 5460 1678 3328 454 Donated Materials 3000 1314 1167 519 1253 299 910 44 875047 556858 214737 103452 98608 101457 324181 599212 753447 400527 11932 3906 2845 8300 70562 33025 35015 37537 1226028 1150939 20529 21019 289987 268230 310516 289249 X 56192 117602 859320 744088 915512 861690 1226028 1150939 X 0 1 1 X 0 X 2433404 643588 973648 1046046 626483 5723169 2433404 643588 973648 1046046 626483 5723169 115558 5607611 26465 52047 40263 14131 3218 136124 1126 380 245 1751 5861044 910292 0.95680 0.96250 X Schedule A, Part II, Line 10, Explanation of Other Income: MISCELLANEOUS REVENUE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 37500 0 0 X X 0 70562 33025 37537 37537 payables due to the Minnesota State Agricultural Society 268230 268230 821225 875047 -53822 0 -53822 879562 58337 58337 821225 0 821225 933384 58337 58337 875047 0 875047 Part III, Line 4: The collection consists of annual commemorative art depicting the Minnesota State Fair. TASTE OF THE FAIR 70135 21088 49047 4987 14105 300 25360 70135 21088 49047 4987 14105 300 25360 44752 4295 1 Minnesota state Agricultural Society 1265 Snelling Avenue North St Paul MN 55108 411531915 501(C)(3) 278271 40487 FMV Services & MISCELLANEOUS ITEMS VALUED AT FMV. IMPROVEMENTS & PROGRAMMING AT/FOR THE FAIR GROUNDS. 1 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The organization requires documentation of estimated costs and final expenditures from the grantee. X X 0 0 0 0 0 0 0 0 0 KAY CADY 140192 0 0 0 0 0 6538 0 13998 0 160728 0 0 0 X Stone Bench and two trash containers 1 8292 FMV X Poster/Prints 1 5282 FMV X Grounds Maintenance 2 4110 FMV X Gravel and Grading 2 20000 FMV X miscellaneous 1 403 fMV 0 0 1 0 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 finance 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 organization'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 in May of 2010. Form 990, Part VI, Section C, line 19 the foundation MAKES ITS GOVERNMENT DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.