2024-09-03T15:25:12-05:00 2023-10-31 831719980 GRAPP LERASH LLC 515 N WASHINGTON AVE SUITE 402 SAGINAW MI 486071378 990 2022-11-01 381539457 MIDLAND COUNTY AGRICULTURAL AND HORTICULTURAL SOCIETY MIDL 9898357901 6905 EASTMAN AVE MIDLAND MI 48642 NICOLAS HALL MANAGER 9898357901 2024-09-03 1 1 KALEB GRAPP P01978831 9893271400 2024-08-22 2022 2024-08-08 14:25:15Z NICOLAS HALL 6905 EASTMAN AVE MIDLAND MI 48642 1313114 0 X WWW.MIDLANDFAIR.COM X 1948 MI PROVIDE FAIRGROUNDS AND FACILITIES TO AREA RESIDENTS. 14 14 7 130 0 0 198333 68742 1206454 1139521 33542 -174934 11099 54756 1449428 1088085 0 0 0 0 276850 319189 0 0 29165 1099162 1237551 1376012 1556740 73416 -468655 7456464 6943368 71576 27134 7384888 6916234 PROVIDE FAIRGROUNDS AND FACILITIES TO AREA RESIDENTS. 0 0 1364859 961992 OPERATE AND MAINTAIN FAIRGROUNDS AND FACILITIES FOR THE USE AND ENJOYMENT OF MIDLAND COUNTY AREA RESIDENTS. 1364859 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 28 0 7 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 0 1 1 0 0 1 1 0 1 1 1 1 0 0 MI X X NICOLAS HALL 9898357901 6905 EASTMAN AVE MIDLAND MI 48642 DON ANGER DIRECTOR 3.00 X 0 0 0 KELLY GRAY 2ND VICE PRESIDENT 3.00 X X 0 0 0 JASON MURRAY 1ST VICE PRESIDENT 3.00 X X 0 0 0 MARGARET WEGNER PRESIDENT 3.00 X X 0 0 0 KAREN BONHAM DIRECTOR 3.00 X 0 0 0 ERIC MILLER DIRECTOR 3.00 X 0 0 0 ROXANNE WHEELER TREASURER 3.00 X X 0 0 0 JEFF CAIN DIRECTOR 3.00 X 0 0 0 HELENA HICKERSON DIRECTOR 3.00 X 0 0 0 MARGARET POTTER DIRECTOR 3.00 X 0 0 0 DAWN ZASKE DIRECTOR 3.00 X 0 0 0 RYAN GARRETT ASSISTANT TREASURER 3.00 X X 0 0 0 PAM KASTL SECRETARY 3.00 X X 0 0 0 PHIL STERN DIRECTOR 3.00 X 0 0 0 NICOLAS HALL MANAGER 40.00 X 44000 0 0 44000 0 0 0 0 0 0 JR HEINEMAN & SONS INC 1224 N NIAGARA ST SAGINAW MI 48602 GENERAL CONTRACTING 256432 1 34826 33916 68742 HORSE SHOWS 711310 426201 426201 FAIR EVENTS 711310 161308 161308 PARKING AND USAGE 711310 153835 153835 GRANDSTAND EVENTS 711310 120282 120282 STORAGE 711310 118166 118166 159729 159729 1139521 2595 2595 47500 225029 -177529 -177529 -177529 RELIEF OF POST EMPLOYMENT BENEFIT 711310 35141 35141 MISC INCOME 711310 16840 16840 MERCHANDISE 711310 1765 1765 1010 1010 54756 1088085 961992 0 57351 X 101365 89201 10137 2027 164934 145142 16493 3299 30582 26912 3058 612 22308 19631 2231 446 47804 42068 4780 956 85640 75363 8564 1713 5446 4792 545 109 13780 12126 1378 276 374724 337252 28104 9368 58150 52335 4361 1454 MAINTENANCE AND REPAIR 140945 126850 10571 3524 UTILITIES 92756 83480 6957 2319 HORSE SHOWS 58053 58053 GRANDSTAND TALENT 57572 57572 302681 234082 65537 3062 1556740 1364859 162716 29165 544778 455568 347701 329316 350000 8075 53963 13357053 7256532 6205910 6100521 0 4000 7456464 6943368 36435 11544 35141 15590 71576 27134 X 7280394 6916234 104494 0 7384888 6916234 7456464 6943368 -468655 0 X 0 1 X 1 0 X 1867590 99782 1505522 198333 68742 3739969 1005899 420175 1157542 1206454 1142296 4932366 2873489 519957 2663064 1404787 1211038 8672335 100000 34000 134000 0 100000 34000 134000 8538335 13012 13443 1511 909 2595 31470 13012 13443 1511 909 2595 31470 59608 10099 69707 7215 2776 60608 3752 16840 91191 2893716 536176 2784791 1419547 1230473 8864703 0.96320 0.81170 0.00360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9452310 4758594 4693716 2767864 1702482 1065382 351446 249926 101520 785433 545530 239903 6100521 CREDIT CARD PAYABLE 1776 ACCRUED PAYROLL 7001 PAYROLL TAX PAYABLE 6813 15590 X 1088085 0 1088085 0 1088085 1556739 0 1556739 0 1556739 PART X, LINE 2: THE FAIR IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE, AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3); THE FAIR IS SIMILARLY EXEMPT FROM STATE INCOME TAXES. DESPITE THE GENERAL EXEMPTION FROM INCOME TAXATION, THE FAIR IS SUBJECT TO FEDERAL AND STATE INCOME TAX AT CORPORATE RATES ON ITS UNRELATED BUSINESS INCOME. FASB ASC 740, INCOME TAXES, PRESCRIBES A COMPREHENSIVE MODEL FOR HOW AN INSTITUTION SHOULD RECOGNIZE, MEASURE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT THE INSTITUTION HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FAIR AND HAS CONCLUDED THAT AS OF OCTOBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF AN ASSET, LIABILITY, OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE FAIR HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING DESCRIBED IN SECTION 509(A) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED OCTOBER 31, 2023. FORM 990, PART VI, SECTION A, LINE 6 ALL MEMBERS MAY VOTE ON THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS MAY VOTE ON THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS THE 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C AN INITIAL POLICYIS SIGNED BY EACH BOARD MEMBER WHEN ELECTED. BOARD MEMBERS ABSTAIN FROM VOTING ON ITEMS WITH CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE PERSONNEL COMMITTEE DETERMINES COMPENSATION FOR THE TOP PAID EMPLOYEES AND REPORTS TO THE BOARD OF DIRECTORS ANNUALLY. THIS PROCESS MAY INCLUDE, BUT IS NOT LIMITED TO, COMPENSATION SURVERYS FROM THE IAFE, MAFE, AND PHONE CALLS TO OTHER SIMILAR ORGANIZATIONS CONCERNING COMPENSATION PACKAGES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E STALL CLEANING: PROGRAM SERVICE EXPENSES 47,286. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 47,286. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 39,879. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,879. PARKING: PROGRAM SERVICE EXPENSES 33,521. MANAGEMENT AND GENERAL EXPENSES 2,793. FUNDRAISING EXPENSES 931. TOTAL EXPENSES 37,245. EQUIPMENT RENTAL: PROGRAM SERVICE EXPENSES 26,059. MANAGEMENT AND GENERAL EXPENSES 2,961. FUNDRAISING EXPENSES 592. TOTAL EXPENSES 29,612. GRANDSTAND EQUIPMENT: PROGRAM SERVICE EXPENSES 21,289. MANAGEMENT AND GENERAL EXPENSES 1,774. FUNDRAISING EXPENSES 591. TOTAL EXPENSES 23,654. PREMIUMS: PROGRAM SERVICE EXPENSES 23,362. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,362. FUEL AND OIL: PROGRAM SERVICE EXPENSES 20,151. MANAGEMENT AND GENERAL EXPENSES 2,290. FUNDRAISING EXPENSES 458. TOTAL EXPENSES 22,899. RIBBONS AND TROPHIES: PROGRAM SERVICE EXPENSES 14,022. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,022. BANK CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 13,388. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,388. JUDGING: PROGRAM SERVICE EXPENSES 11,905. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,905. TELEPHONE: PROGRAM SERVICE EXPENSES 9,229. MANAGEMENT AND GENERAL EXPENSES 1,049. FUNDRAISING EXPENSES 210. TOTAL EXPENSES 10,488. MEALS: PROGRAM SERVICE EXPENSES 8,110. MANAGEMENT AND GENERAL EXPENSES 922. FUNDRAISING EXPENSES 184. TOTAL EXPENSES 9,216. EXHIBITS: PROGRAM SERVICE EXPENSES 8,523. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,523. MISCELLANEOUS TALENT: PROGRAM SERVICE EXPENSES 6,396. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,396. MEMBERSHIP AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 4,229. MANAGEMENT AND GENERAL EXPENSES 481. FUNDRAISING EXPENSES 96. TOTAL EXPENSES 4,806.