Nonprofit · EIN 42-0418940
MISSISSIPPI VALLEY FAIR INC
Tax-exempt · DAVENPORT, IA 52804
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,389,957 | $5,673,236 | -$283,279 | $15,738,967 | $188,364 | $15,550,603 |
| December 31, 2023 | 990 | $6,169,336 | $5,164,072 | $1,005,264 | $16,012,881 | $178,999 | $15,833,882 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $714,375
- of which government grants
- $10,077
- Program service revenue
- $2,681,224
- Investment income
- $345,834
- Net gain from sales of assets
- $7,120
- Net income from sales of inventory
- $1,510,782
- Other revenue
- $1,648,524
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $384,040
- Other salaries and wages
- $680,760
- Salaries, compensation and benefits (total)
- $1,245,971
- Professional fundraising fees
- $0
- Accounting fees
- $18,134
- Occupancy
- $213,770
- Depreciation
- $366,112
Balance sheet and other
- Total assets, start of year
- $16,012,881
- Total assets, end of year
- $15,738,967
- Total liabilities, end of year
- $188,364
- Net assets, end of year
- $15,550,603
- Land, buildings and equipment
- $7,589,659
- Net assets without donor restrictions
- $15,504,257
- Net assets with donor restrictions
- $46,346
- Gross unrelated business income
- $1,201,361
- Gross receipts
- $5,963,904
- Employees
- 261
- Volunteers
- 200
- Year formed
- 1954
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHAWN LOTER | GENERAL MANAGER Key employee | 40 | $151,388 | $7,147 |
| JAMES BERGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JON LAFRENZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROGER FRIEDERICHS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DAN BERNICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRED CLASSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF CLAUSSEN | 2ND VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD COUSSENS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TREVOR FENNELLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENISE HOLLONBECK | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KARLA LARSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KELLEY MOSES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN PAUSTIAN | 1ST VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ROGER SCHEMMEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMBER GRIPPLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARTER HAGEN | DIRECTOR Trustee or director | 1 | $0 |
| JULIE SCHOCKER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHAWN LOTER | GENERAL MANAGER Key employee | 40 | $219,250 | $6,981 |
| JAMES BERGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JON LAFRENZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROGER FRIEDERICHS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DAN BERNICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRED CLASSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF CLAUSSEN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD COUSSENS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TREVOR FENNELLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENISE HOLLONBECK | 2ND VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MARY LANGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KARLA LARSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KELLEY MOSES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN PAUSTIAN | 1ST VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ROGER SCHEMMEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMBER GRIPPLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARTER HAGEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIE SCHOCKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2815 W LOCUST ST, DAVENPORT, IA 52804-3343
- Principal officer (990 for 2024)
- ROGER FRIEDERICHS, 2815 WEST LOCUST STREET, DAVENPORT, IA 52804
- Signed the 990
- SHAWN LOTER, GENERAL MANAGER
- Phone
- (563) 326-5338
- Website
- WWW.MVFAIR.COM
- Return prepared by
- HONKAMP PC
Mission
TO OPERATE THE ANNUAL FAIR AND PROVIDE FACILITIES FOR OTHER EVENTS THROUGHOUT THE YEAR.
Program accomplishments
- ANNUALLY, THE ORGANIZATION PROVIDES AN AGRICULTURAL FAIR FOR SCOTT COUNTY, WITH ABOUT 300,000 PERSONS ATTENDING.Expenses $4,888,685 · revenue $3,135,507
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0418940
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 1946
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,389,957 | $5,673,236 | $15,738,967 | XML |
| 990 | December 2023 | $6,169,336 | $5,164,072 | $16,012,881 | XML |
| 990 | December 2022 | $410,605 | $570,370 | $15,203,975 | IRS |
| 990 | August 2022 | $7,017,311 | $4,623,761 | $15,115,405 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-0418940).
Questions about MISSISSIPPI VALLEY FAIR INC
- What is the EIN of MISSISSIPPI VALLEY FAIR INC?
- The employer identification number (EIN) of MISSISSIPPI VALLEY FAIR INC is 42-0418940.
- Is MISSISSIPPI VALLEY FAIR INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1946.
- Are donations to MISSISSIPPI VALLEY FAIR INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MISSISSIPPI VALLEY FAIR INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MISSISSIPPI VALLEY FAIR INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MISSISSIPPI VALLEY FAIR INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MISSISSIPPI VALLEY FAIR INC?
- The 990 for the year ended December 31, 2024 names ROGER FRIEDERICHS.
- Who are the officers and directors of MISSISSIPPI VALLEY FAIR INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 1 received compensation from the organization, the highest $151,388 (SHAWN LOTER, GENERAL MANAGER).
- How much revenue does MISSISSIPPI VALLEY FAIR INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,389,957, expenses of $5,673,236 and total assets of $15,738,967 at year end.
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