Nonprofit · EIN 51-0138466
FAIR UNDERWRITERS INC
Tax-exempt · DAVENPORT, IA 52804
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $354,870 | $354,870 | $0 | $26,552 | $26,367 | $185 |
| May 31, 2024 | 990 | $339,974 | $339,974 | $0 | $25,953 | $25,768 | $185 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $13,680
- Program service revenue
- $0
- Investment income
- $0
- Net income from gaming
- $341,190
- Other revenue
- $341,190
Expenses
- Grants and similar amounts paid
- $352,017
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,853
- Program services (functional)
- $354,870
Balance sheet and other
- Total assets, start of year
- $25,953
- Total assets, end of year
- $26,552
- Total liabilities, end of year
- $26,367
- Net assets, end of year
- $185
- Net assets without donor restrictions
- $185
- Gross receipts
- $1,087,612
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1973
- 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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELLY HOWES | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 |
| TIM KOEHLER | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| RICK DYWIAK | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| BETTY DEXTER | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended May 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELLY HOWES | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 |
| TIM KOEHLER | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| RICK DYWIAK | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| BETTY DEXTER | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 2815 W LOCUST ST, DAVENPORT, IA 52804-3343
- Principal officer (990 for 2024)
- KELLY HOWES, 2815 WEST LOCUST STREET, DAVENPORT, IA 52804
- Signed the 990
- KELLY HOWES, SECRETARY/TREASURER
- Phone
- (563) 326-5338
- Return prepared by
- HONKAMP PC
Mission
FAIR UNDERWRITERS, INC'S MISSION IS TO RAISE FUNDS FOR CAPITAL IMPROVEMENTS AT THE MISSISSIPPI VALLEY FAIR.
Program accomplishments
- THE ORGANIZATION PROVIDES DONATIONS TO PROMOTE AND UNDERWRITE THE ANNUAL FAIR FOR SCOTT COUNTY, IOWA.Expenses $354,870 · grants $352,017 · revenue $354,870
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0138466
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1975
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N110)
- Assets (IRS master file)
- $26,552
- Income (IRS master file)
- $1,087,612
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $354,870 | $354,870 | $26,552 | XML |
| 990 | May 2024 | $339,974 | $339,974 | $25,953 | XML |
| 990 | May 2023 | $365,493 | $365,411 | $26,607 | IRS |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | 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 51-0138466).
Questions about FAIR UNDERWRITERS INC
- What is the EIN of FAIR UNDERWRITERS INC?
- The employer identification number (EIN) of FAIR UNDERWRITERS INC is 51-0138466.
- Is FAIR UNDERWRITERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to FAIR UNDERWRITERS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAIR UNDERWRITERS 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 FAIR UNDERWRITERS INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FAIR UNDERWRITERS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of FAIR UNDERWRITERS INC?
- The 990 for the year ended May 31, 2025 names KELLY HOWES.
- Who are the officers and directors of FAIR UNDERWRITERS INC?
- The 990 for the year ended May 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does FAIR UNDERWRITERS INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $354,870, expenses of $354,870 and total assets of $26,552 at year end.
Other nonprofits in DAVENPORT
- IOWA SELECT VBC EIN 81-0705161 · last filed 990 for 2025
- QUAD CITY HOCKEY ASSOCIATION EIN 42-1430886 · last filed 990 for 2025
- QUAD CITIES LIFE SKILLS DEVELOPMENT FOUNDATION EIN 42-1510940 · last filed 990 for 2024
- MID-WEST AMATEUR HOCKEY ASSOCIATION EIN 42-1457750 · last filed 990 for 2025
- CENTRAL DISTRICT HOCKEY ASSOCIATION INC EIN 87-4454491 · last filed 990 for 2025
- CONTINENTAL ATHLETIC CONFERENCE EIN 26-3044251 · last filed 990 for 2025
- QUAD CITIES BICYCLE CLUB EIN 42-1074130 · last filed 990 for 2024
- QUAD CITY HEAT BASEBALL CLUB EIN 26-0774342 · last filed 990-EZ for 2025