2026-09-14T17:02:44-05:00 2025-10-31 831719980 GRAPP LERASH LLC 122 S HAMILTON ST SUITE 2 SAGINAW MI 486022013 990 2024-11-01 381539457 MIDLAND COUNTY AGRICULTURAL AND HORTICULTURAL SOCIETY MIDL 9898357901 6905 EASTMAN AVE MIDLAND MI 48642 NICOLAS HALL MANAGER 9898357901 2026-09-10 1 1 KALEB GRAPP P01978831 9893271400 2026-09-10 2024 NICOLAS HALL 6905 EASTMAN AVE MIDLAND MI 48642 2262076 0 X WWW.MIDLANDFAIR.COM X 1948 MI PROVIDE FAIRGROUNDS AND FACILITIES TO AREA RESIDENTS. 14 14 16 125 0 0 858634 439323 1342985 1790423 41885 32330 5622 0 2249126 2262076 0 0 0 0 435040 413424 0 0 34714 1248513 1825910 1683553 2239334 565573 22742 7506431 7539581 24624 35036 7481807 7504545 PROVIDE FAIRGROUNDS AND FACILITIES TO AREA RESIDENTS. 0 0 1983344 1790423 OPERATE AND MAINTAIN FAIRGROUNDS AND FACILITIES FOR THE USE AND ENJOYMENT OF MIDLAND COUNTY AREA RESIDENTS. 1983344 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 52 0 16 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 NICOLAS HALL 9898357901 6905 EASTMAN AVE MIDLAND MI 48642 DON ANGER DIRECTOR 3.00 X 0 0 0 KELLY GRAY PRESIDENT 3.00 X X 0 0 0 JASON MURRAY 1ST VICE PRESIDENT 3.00 X X 0 0 0 MARGARET WEGNER IN MEMORIAM 3.00 X X 0 0 0 KAREN BONHAM TREASURER 3.00 X 0 0 0 ERIC MILLER DIRECTOR 3.00 X 0 0 0 ROXANNE WHEELER DIRECTOR 3.00 X X 0 0 0 JEFF CAIN DIRECTOR 3.00 X 0 0 0 HELENA HICKERSON IN MEMORIAM 3.00 X 0 0 0 ABBY TERWILLEGAR 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 WAYNE DRAVES DIRECTOR 3.00 X 0 0 0 NICOLAS HALL MANAGER 40.00 X 79306 0 0 79306 0 0 0 0 0 0 0 439323 439323 HORSE SHOWS 711300 737141 737141 STORAGE 711300 358287 358287 GRANDSTAND EVENTS 711300 254458 254458 PARKING AND USAGE 711300 170631 170631 FAIR EVENTS 711300 160149 160149 109757 109757 1790423 32330 32330 2262076 1790423 0 32330 X 79306 69789 7929 1588 303446 267033 30346 6067 1940 1707 194 39 28732 25284 2873 575 65315 57477 6532 1306 62975 55418 6297 1260 34588 31129 2594 865 91045 81943 6826 2276 15 11 3 1 26217 23071 2622 524 386255 347630 28969 9656 140503 126452 10538 3513 HARNESS RACING 330630 330630 MAINTENANCE AND REPAIR 171293 154164 12847 4282 GRANDSTAND TALENT 91148 91148 HORSE SHOWS 85357 85357 340569 235101 102706 2762 2239334 1983344 221276 34714 55854 196412 1464039 1136627 83176 85129 13668982 8012898 5881700 5656084 21662 465329 7506431 7539581 12723 13474 11901 21562 24624 35036 X 7481807 7504545 7481807 7504545 7506431 7539581 X 22742 -4 X 0 1 X 1 0 X 1505522 198333 68742 969721 439323 3181641 1157542 1206454 1142296 1236993 1790423 6533708 2663064 1404787 1211038 2206714 2229746 9715349 0 0 0 9715349 1511 909 2595 41885 32330 79230 1511 909 2595 41885 32330 79230 59608 10099 69707 60608 3752 16840 81200 2784791 1419547 1230473 2248599 2262076 9945486 0.97690 0.96980 0.00800 0.00730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9452310 5130000 4322310 3012991 1941397 1071594 1203681 941501 262180 5656084 CONSTRUCTION IN PROCESS 465329 465329 CREDIT CARD PAYABLE 5256 ACCRUED PAYROLL 15147 PAYROLL TAX PAYABLE 1159 21562 X 2262075 0 2262075 1 1 2262076 2239337 0 2239337 -3 -3 2239334 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, 2025, 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, 2025. PART XI, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 1. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING -3. 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 MEMBERS UPON REASONABLE REQUEST. FORM 990, PART IX, LINE 24E PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 67,690. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 67,690. EQUIPMENT RENTAL: PROGRAM SERVICE EXPENSES 39,669. MANAGEMENT AND GENERAL EXPENSES 4,508. FUNDRAISING EXPENSES 902. TOTAL EXPENSES 45,079. FUEL AND OIL: PROGRAM SERVICE EXPENSES 38,231. MANAGEMENT AND GENERAL EXPENSES 4,344. FUNDRAISING EXPENSES 865. TOTAL EXPENSES 43,440. MISCELLANEOUS TALENT: PROGRAM SERVICE EXPENSES 37,840. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,840. PARKING: PROGRAM SERVICE EXPENSES 22,628. MANAGEMENT AND GENERAL EXPENSES 1,886. FUNDRAISING EXPENSES 629. TOTAL EXPENSES 25,143. PREMIUMS: PROGRAM SERVICE EXPENSES 21,531. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,531. RIBBONS AND TROPHIES: PROGRAM SERVICE EXPENSES 20,768. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,768. BANK CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 20,365. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,365. JUDGING: PROGRAM SERVICE EXPENSES 13,814. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,814. MEMBERSHIP AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 11,531. MANAGEMENT AND GENERAL EXPENSES 1,310. FUNDRAISING EXPENSES 262. TOTAL EXPENSES 13,103. EXHIBITS: PROGRAM SERVICE EXPENSES 12,321. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,321. GRANDSTAND EQUIPMENT: PROGRAM SERVICE EXPENSES 12,209. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,209. MEALS: PROGRAM SERVICE EXPENSES 4,559. MANAGEMENT AND GENERAL EXPENSES 518. FUNDRAISING EXPENSES 104. TOTAL EXPENSES 5,181. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,085. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,085. FORM 990, PART XI, LINE 9: ROUNDING -4.