Overview
What is Boone County Fair Association?
Boone County Fair Association is a nonprofit organization situated in Belvidere, Illinois. Their primary mission revolves around organizing an agricultural county fair, serving as a significant fundraising event for various service clubs and tax-exempt organizations in the area. By hosting this event, the association contributes to the community's economic development and provides an enjoyable experience for residents. With a team of 14 dedicated individuals, the Boone County Fair Association plays a crucial role in fostering local camaraderie and community spirit.
Official website here: www.boonecountyfair.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Boone County Fair Association received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in various aspects of its operations. While the organization boasts a strong accountability score due to having 100% independent board members and a solid program expense ratio of nearly 91%, significant weaknesses have been identified, particularly in financial transparency and governance policies.
One of the critical shortcomings is the absence of financial statements and several essential policies, including conflict of interest, whistleblower, and document retention policies. These omissions have negatively impacted the organization's overall score, highlighting areas that require attention to enhance accountability and trust among stakeholders. The lack of public access to financial documents, such as tax forms on the nonprofit's website, further detracts from transparency.
Despite these challenges, the Boone County Fair Association does maintain low liabilities relative to its assets, which is a positive sign for its financial health. To improve its rating, the organization would benefit from addressing its governance policy gaps and enhancing its financial disclosure practices.
This AI summary has been generated from information found on Charity Navigator.
Is Boone County Fair Association legitimate?
Boone County Fair Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boone County Fair Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $210,143
For more financial information, click here
Official website here: www.boonecountyfair.com
What is the mission statement of Boone County Fair Association?
The Boone County Fair Association's primary role is to facilitate the operation of an agricultural county fair. This event serves as a significant fundraiser for various service clubs and tax-exempt organizations within the community. Their mission, in essence, is to provide a platform that aids these organizations in raising funds for their respective causes.
Official website here: www.boonecountyfair.com
Who is the CEO of Boone County Fair Association?
Lyle Lee is the President of Boone County Fair Association.
Official website here: www.boonecountyfair.com
What is the revenue of Boone County Fair Association?
Boone County Fair Association's revenue in 2022 was $2,136,065.
Official website here: www.boonecountyfair.com
Who are the executives of Boone County Fair Association and what are their salaries?
The average compensation at Boone County Fair Association during 2022 was $15,010. There are 14 employees at Boone County Fair Association.
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Official website here: www.boonecountyfair.com
Where can I find the form 990 for Boone County Fair Association?
Boone County Fair Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.boonecountyfair.com
Learn more at the official website: www.boonecountyfair.com
Mission Statement of Boone County Fair Association
Boone County Fair Association serves a vital role in operating an agricultural county fair, acting as a platform for various service clubs and tax-exempt organizations to raise funds. This nonprofit organization is dedicated to providing a space where these organizations can generate funds to support their respective causes. By hosting the fair, Boone County Fair Association contributes to the community's well-being, allowing these organizations to continue their mission and make a positive impact.
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Impact
October, 2024
The Boone County Fair Association plays a vital role in the community by organizing an agricultural county fair that serves as a focal point for local engagement and outreach. This event not only celebrates agricultural heritage but also acts as a platform for various service clubs and tax-exempt organizations to conduct fundraisers, promoting community spirit and collaboration.
By facilitating the fair, the association contributes to the local economy, providing opportunities for vendors and attracting visitors to the area. The fair enhances social connections among residents, offering entertainment, educational experiences, and a showcase for local agriculture and craftsmanship. Additionally, the emphasis on food at the fair fosters local culinary traditions, allowing visitors to enjoy a taste of the region while supporting local producers. Overall, the Boone County Fair Association strengthens community ties, encourages volunteerism, and drives economic activity in Belvidere, IL.
This information is meant to be a general summary of Boone County Fair Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $557
- Program Service Revenue: $1,831,417
- Gross Receipts: $2,136,065
Assets and Liabilities:
- Total Assets: $3,492,659
- Total Liabilities: $445,213
- Net Assets: $3,047,446
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GATE ADMISSIONS
Revenue
$872,245
CONCESSIONS
Revenue
$391,767
CARNIVAL
Revenue
$242,245
FAIRGROUNDS INCOME
Revenue
$217,274
OTHER INCOME
Revenue
$52,644
Organization Details
Founding Year
1957
Phone
(815) 988-0249Principal Officer
Lyle Lee
Main Address
PO BOX 456, BELVIDERE, IL, 61008
Website
www.boonecountyfair.comNTEE Category
Code: K99 - Food
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