Blue Earth County Fair Association
EIN: 410699584 · Mankato, MN · NTEE: N52
| Metric | Value |
|---|---|
| Total Revenue | $248K |
| Total Expenses | $267K |
| Net Assets | $465K |
Is Blue Earth County Fair Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Blue Earth County Fair Association
Blue Earth County Fair Association (EIN: 410699584) is a nonprofit organization based in Mankato, MN, classified under NTEE code N52. The organization reported total revenue of $248K and total assets of $467K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blue Earth County Fair Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blue Earth County Fair Association is a small nonprofit that has been operating for 8 years, with 11 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $265K |
| Total Expenses | $267K |
| Surplus / Deficit | $-1,780 |
| Total Assets | $491K |
| Total Liabilities | $26K |
| Net Assets | $465K |
| Operating Margin | -0.7% |
| Debt-to-Asset Ratio | 5.3% |
| Months of Reserves | 22.1 months |
Financial Health Grade: B
In 2023, Blue Earth County Fair Association reported a deficit of $2K with expenses exceeding revenue, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 5.3% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2023), Blue Earth County Fair Association's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3357.1% | +3394.0% | +5.2% |
| 2022 | -98.0% | -97.6% | +0.0% |
| 2022 | +11.9% | +19.4% | -14.2% |
| 2021 | -39.9% | +5.3% | +54.3% |
| 2020 | +235.6% | +16.3% | +379.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Blue Earth County Fair Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Blue Earth County Fair Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.3%.
Frequently Asked Questions about Blue Earth County Fair Association
Is Blue Earth County Fair Association a legitimate charity?
Blue Earth County Fair Association (EIN: 410699584) is a registered tax-exempt nonprofit based in Minnesota. It has 11 years of IRS 990 filings on record. Total revenue: $248K. No red flags identified. Financial health grade: B.
How does Blue Earth County Fair Association spend its money?
Blue Earth County Fair Association reported $248K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Blue Earth County Fair Association tax-deductible?
Blue Earth County Fair Association is registered as a tax-exempt nonprofit (EIN: 410699584). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Blue Earth County Fair Association located?
Blue Earth County Fair Association is headquartered in Mankato, Minnesota and files with the IRS under EIN 410699584. It is classified under NTEE code N52.
How many years of IRS 990 filings does Blue Earth County Fair Association have?
Blue Earth County Fair Association has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $248K in total revenue.
Filing History
IRS 990 filing history for Blue Earth County Fair Association showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2023), Blue Earth County Fair Association's revenue has grown by 7.3%, moving from $247K to $265K. Total assets increased by 9142.5% over the same period, from $5K to $491K. Total functional expenses rose by 3.3%, from $258K to $267K. In its most recent filing year (2023), Blue Earth County Fair Association reported a deficit of $2K, with expenses exceeding revenue. The organization holds $26K in liabilities against $491K in assets (debt-to-asset ratio: 5.3%), resulting in net assets of $465K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $265K | $267K | $491K | $26K | — | View 990 |
| 2022 | $8K | $8K | $467K | $0 | — | — |
| 2022 | $384K | $314K | $467K | $0 | — | View 990 |
| 2021 | $343K | $263K | $544K | $147K | — | View 990 |
| 2020 | $570K | $249K | $353K | $0 | — | View 990 |
| 2019 | $170K | $215K | $74K | $100K | — | — |
| 2016 | $120K | $132K | $23K | $0 | — | — |
| 2015 | $121K | $131K | $37K | $0 | — | — |
| 2014 | $154K | $132K | $48K | $30K | — | View 990 |
| 2013 | $154K | $132K | $48K | $30K | — | View 990 |
| 2012 | $247K | $258K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $265K, expenses of $267K, and assets of $491K (revenue +3357.1% year-over-year).
- 2022: Revenue of $8K, expenses of $8K, and assets of $467K (revenue -98.0% year-over-year).
- 2022: Revenue of $384K, expenses of $314K, and assets of $467K (revenue +11.9% year-over-year).
- 2021: Revenue of $343K, expenses of $263K, and assets of $544K (revenue -39.9% year-over-year).
- 2020: Revenue of $570K, expenses of $249K, and assets of $353K (revenue +235.6% year-over-year).
- 2019: Revenue of $170K, expenses of $215K, and assets of $74K (revenue +41.5% year-over-year).
- 2016: Revenue of $120K, expenses of $132K, and assets of $23K (revenue -0.4% year-over-year).
- 2015: Revenue of $121K, expenses of $131K, and assets of $37K (revenue -21.7% year-over-year).
- 2014: Revenue of $154K, expenses of $132K, and assets of $48K (revenue +0.0% year-over-year).
- 2013: Revenue of $154K, expenses of $132K, and assets of $48K (revenue -37.6% year-over-year).
- 2012: Revenue of $247K, expenses of $258K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blue Earth County Fair Association:
Data Sources and Methodology
This transparency report for Blue Earth County Fair Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.