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Iowa State Fair Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 421376689 ✦ Des moines, IA ✦ Designated as a 501(c)(3)

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Overview

What is Iowa State Fair Foundation?

The Iowa State Fair Foundation is a Des Moines-based nonprofit organization, as indicated by its PO Box address. Its primary mission is to generate funds for the renovation and preservation of the historic Iowa State Fairgrounds. By accepting donations, grants, and bequests, the Foundation ensures the continued success of the Fair, which showcases the best of Iowa's agriculture, industry, entertainment, and achievements. The Foundation's activity or mission includes hosting events at Alliant Energy Landing, an open-air pavilion, during the fair and warmer months of the year. The organization's team of four dedicated individuals is committed to securing the necessary finances for infrastructure projects, thereby guaranteeing the Fair's reputation as a grand celebration for Iowans.


Official website here: www.blueribbonfoundation.org

What are the reviews and ratings of this charity?

The Iowa State Fair Foundation is not currently rated by Charity Navigator. The absence of a rating does not reflect negatively or positively on the organization, as it primarily requires more data to evaluate aspects like Accountability & Finance, Impact & Measurement, Leadership & Adaptability, and Culture & Community. Historically, ratings were mainly concerned with financial accountability, but new dimensions are emerging as necessary for assessment.

Charity Navigator notes that the Iowa State Fair Foundation would benefit from additional fiscal years of electronically-filed IRS Form 990 data to undergo a thorough evaluation. Despite this, the organization shows a substantial part of its support stemming from public or governmental sources and stands independently without affiliation to larger national or regional bodies. Data available includes revenue and expenses trends over several years, giving some insight into its financial practices.

While the foundation does not have user reviews on GreatNonprofits, and many aspects lack current scores, this absence should not be construed as inherently positive or negative. It highlights the need for comprehensive data collection to offer a fuller picture of the organization's operations and impact.


This AI summary has been generated from information found on Charity Navigator.

Is Iowa State Fair Foundation legitimate?

Iowa State Fair Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iowa State Fair Foundation 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: $284,368
Professional Fundraising Fees: $0
Other Salaries and Wages: $321,204

For more financial information, click here


Official website here: www.blueribbonfoundation.org

What is the mission statement of Iowa State Fair Foundation?

The Iowa State Fair Foundation aims to preserve and renovate historic Iowa State Fairgrounds by securing funds through donations, grants, and bequests. This financial support enables the completion of infrastructure projects, ensuring the Fair remains a significant celebration of the state's excellence in agriculture, industry, entertainment, and achievement. The foundation's efforts guarantee the continuation of this cherished tradition, where Iowans and visitors come together to showcase the best of the state. Alliant Energy Landing, an open-air pavilion, is one of the facilities that benefits from these renovations, allowing it to host various events throughout the year.


Official website here: www.blueribbonfoundation.org

Who is the CEO of Iowa State Fair Foundation?

Peter Cownie is the Executive Director of Iowa State Fair Foundation.


Official website here: www.blueribbonfoundation.org

What is the revenue of Iowa State Fair Foundation?

Iowa State Fair Foundation's revenue in 2022 was $13,279,780.


Official website here: www.blueribbonfoundation.org

Who are the executives of Iowa State Fair Foundation and what are their salaries?

The average compensation at Iowa State Fair Foundation during 2022 was $151,393. There are 4 employees and 700 volunteers at Iowa State Fair Foundation.


Here are 18 key members and their salaries:


Peter Cownie (Executive Director)
  • Compensation: $203,218
  • Related: $0
  • Other: $40,354
Robin Taylor (Assistant Director)
  • Compensation: $81,151
  • Related: $0
  • Other: $27,760
Dave Hoffman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tennie Carlson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darwin Gaudian (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Mcconnel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Curtis Claeys (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Harms (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deb Zumbach (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Parkin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cw Thomas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Van Aernam (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Reynolds (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Naig (Secretary Of Agriculture)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wendy Wintersteen (President Of Iowa State University)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Slater (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.blueribbonfoundation.org

Where can I find the form 990 for Iowa State Fair Foundation?

Iowa State Fair Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.blueribbonfoundation.org

Learn more at the official website: www.blueribbonfoundation.org

Mission Statement of Iowa State Fair Foundation

The Iowa State Fair Foundation is a dedicated organization that works tirelessly to raise funds for the renovation and preservation of the historic Iowa State Fairgrounds. Through soliciting and accepting gifts, donations, bequests, and grants, the Foundation plays a vital role in financing infrastructure projects that ensure the Fair remains a celebrated tribute to the best of agriculture, industry, entertainment, and achievement in Iowa. The Foundation's mission transcends beyond mere fundraising, as it strives to guarantee that the Fairgrounds continue to serve as a beloved symbol of Iowa's rich heritage and cultural significance.

Alliant Energy Landing, an open-air pavilion situated at the Fairgrounds, is one of the many facilities that benefits from the Foundation's efforts. This versatile venue hosts a variety of events during the fair and warmer months, reflecting the Foundation's success in securing the necessary resources for the Fairgrounds' ongoing renovation and preservation. By accepting and managing donations, the Foundation enables the Fairgrounds to thrive as a dynamic and essential component of Iowa's community life.

The Iowa State Fair Foundation's unwavering commitment to Iowa's heritage is evident in its relentless dedication to raising necessary funds for the historic Fairgrounds. By harnessing the power of charitable contributions, the Foundation safeguards the Fairgrounds' infrastructure and guarantees its continued role as a beloved Iowa institution that celebrates the state's best in agriculture, industry, entertainment, and achievement.

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Impact




October, 2024

The Iowa State Fair Foundation plays a vital role in the renovation and preservation of the historic Iowa State Fairgrounds. By raising funds through gifts, donations, bequests, and grants, the Foundation helps finance essential infrastructure projects that ensure the Fair remains a vibrant celebration of Iowa's agricultural prowess, industry achievements, and entertainment legacy.

One notable achievement is the Alliant Energy Landing, an open-air pavilion that serves as a hub for events during the Fair and throughout the warmer months. This venue enhances the Fair experience for attendees and supports a variety of community gatherings, making it a crucial part of the Fairgrounds' appeal. The Foundation's commitment to improving and maintaining these facilities safeguards the future of the Fair as a cherished state tradition, allowing generations to celebrate Iowa’s best in recreation and achievement.




This information is meant to be a general summary of Iowa State Fair Foundation. 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.

Revenue
$13,279,780 (2022)
Expenses
$6,055,861 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $13,360,604

Assets and Liabilities:

  • Total Assets: $20,880,199
  • Total Liabilities: $4,180,071
  • Net Assets: $16,700,128

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Organization Details

Founding Year

1991

Principal Officer

Peter Cownie

Main Address

PO Box 57130, Des Moines, IA, 50317

NTEE Category

Code: N520 - Recreation

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