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Nonprofit · EIN 47-0547558

PHELPS COUNTY AGRICULTURAL SOCIETY

Tax-exempt · HOLDREGE, NE 68949

Financials

$222K$197K2023$181K$218K2024
Revenue Expenses · by fiscal year end
Financials of PHELPS COUNTY AGRICULTURAL SOCIETY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$181,135$217,584-$36,449$549,287$217,584$331,703
June 30, 2024990$221,608$197,083$24,525$585,736$197,083$388,653
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$171,810
of which government grants
$157,316
Program service revenue
$0
Investment income
$1,521
Net rental income
-$21,240
Net income from fundraising events
$12,241
Other revenue
$7,804

Expenses

Grants and similar amounts paid
$38,954
Compensation of officers, directors and key employees
$6,156
Other salaries and wages
$89,147
Salaries, compensation and benefits (total)
$118,812
Professional fundraising fees
$0
Program services (functional)
$217,584

Balance sheet and other

Total assets, start of year
$585,736
Total assets, end of year
$549,287
Total liabilities, end of year
$217,584
Net assets, end of year
$331,703
Land, buildings and equipment
$400,934
Gross receipts
$354,156
Employees
20
Volunteers
275
Year formed
1932
State of legal domicile
NE

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
CHAD JACOBSONPRESIDENT
Trustee or director, Officer
6$1,040
RICHARD WALLERTREASUER
Trustee or director, Officer
4$820
CLARK NELSONVICE PRESIDENT
Trustee or director, Officer
2$440
BECKY HARRISSECRETARY
Trustee or director, Officer
2$424
TYLER FREELANDBOARD MEMBER
Trustee or director
1$418
LYLE KINNAMANBOARD MEMBER
Trustee or director
1$418
KATHY WILKINSBOARD MEMBER
Trustee or director
1$418
RICK GREENBOARD MEMBER
Trustee or director
1$401
HEATH ROBINSONBOARD MEMBER
Trustee or director
1$401
KYLE EDGRENBOARD MEMBER
Trustee or director
1$385
DANIEL TAYLORBOARD MEMBER
Trustee or director
1$369
JOE LARSONBOARD MEMBER
Trustee or director
1$319
SAMANTHA LAVENEBOARD MEMBER
Trustee or director
1$303
990 for the year ended June 30, 2024: 13 people
NameTitleHours / weekCompensation
CLARK NELSONPRESIDENT
Trustee or director, Officer
6$1,023
RICHARD WALLERTREASUER
Trustee or director, Officer
4$787
JOE LARSONVICE PRESIDENT
Trustee or director, Officer
2$407
LYLE KINNAMANBOARD MEMBER
Trustee or director
1$401
CHAD JACOBSONBOARD MEMBER
Trustee or director
1$401
DANIEL TAYLORBOARD MEMBER
Trustee or director
1$401
BECKY HARRISSECRETARY
Trustee or director, Officer
2$391
KYLE EDGRENBOARD MEMBER
Trustee or director
1$385
TYLER FREELANDBOARD MEMBER
Trustee or director
1$385
KATHY WILKINSBOARD MEMBER
Trustee or director
1$385
RICK GREENBOARD MEMBER
Trustee or director
1$369
KIM FORDBOARD MEMBER
Trustee or director
1$336
MICHAEL SCHOLZBOARD MEMBER
Trustee or director
1$335

Address and contacts

Address (IRS master file)
1308 2ND ST, HOLDREGE, NE 68949-2800
In care of
% PHELPS COUNTY AGRICULTURAL S
Principal officer (990 for 2024)
Chad Jacobson, 1308 2ND ST, HOLDREGE, NE 68949
Signed the 990
Chad Jacobson, President
Phone
(308) 995-6319
Return prepared by
H AND R BLOCK

Mission

Hold County Fair Annually; Rent Rooms to Public Organizations

990 for the year ended June 30, 2025

Program accomplishments

  • Rental of office space Repair from tornado added to expense.
    Expenses $121,636 · revenue $100,396
  • County fair entertainment, advertising, fair supplies
    Expenses $51,385 · revenue $63,626
  • County fair awards and premiums.
    Expenses $38,954 · grants $38,954

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
47-0547558
Tax-exempt status
501(c)(5): Labor, agricultural or horticultural organization
Donations deductible
No
Exempt since
1983
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$549,287
Income (IRS master file)
$354,156

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$181,135$217,584$549,287XML
990June 2024$221,608$197,083$585,736XML
990June 2023$169,276$180,570$561,210IRS
990June 2022–––IRS
990June 2021–––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 47-0547558).

Questions about PHELPS COUNTY AGRICULTURAL SOCIETY

What is the EIN of PHELPS COUNTY AGRICULTURAL SOCIETY?
The employer identification number (EIN) of PHELPS COUNTY AGRICULTURAL SOCIETY is 47-0547558.
Is PHELPS COUNTY AGRICULTURAL SOCIETY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1983.
Are donations to PHELPS COUNTY AGRICULTURAL SOCIETY tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PHELPS COUNTY AGRICULTURAL SOCIETY 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 PHELPS COUNTY AGRICULTURAL SOCIETY due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PHELPS COUNTY AGRICULTURAL SOCIETY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of PHELPS COUNTY AGRICULTURAL SOCIETY?
The 990 for the year ended June 30, 2025 names Chad Jacobson.
Who are the officers and directors of PHELPS COUNTY AGRICULTURAL SOCIETY?
The 990 for the year ended June 30, 2025 lists 13 people; 13 received compensation from the organization, the highest $1,040 (CHAD JACOBSON, PRESIDENT).
How much revenue does PHELPS COUNTY AGRICULTURAL SOCIETY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $181,135, expenses of $217,584 and total assets of $549,287 at year end.

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