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Nonprofit · EIN 42-0158722

BUCHANAN COUNTY FAIR ASSOC

Tax-exempt · INDEPENDENCE, IA 50644

Financials

$746K$751K2022$615K$789K2023$625K$639K2024
Revenue Expenses · by fiscal year end
Financials of BUCHANAN COUNTY FAIR ASSOC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$624,974$639,155-$14,181$677,200$151,931$525,269
September 30, 2024990$615,046$788,981-$173,935$646,099$106,649$539,450
September 30, 2023990$745,690$751,375-$5,685$718,303$4,918$713,385
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$24,623
of which government grants
$12,000
Program service revenue
$580,731
Investment income
$22
Net income from fundraising events
$19,598
Other revenue
$19,598

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$40,790
Salaries, compensation and benefits (total)
$43,910
Professional fundraising fees
$0
Accounting fees
$1,850
Occupancy
$30,847
Depreciation
$13,996

Balance sheet and other

Total assets, start of year
$646,099
Total assets, end of year
$677,200
Total liabilities, end of year
$151,931
Net assets, end of year
$525,269
Land, buildings and equipment
$639,550
Gross receipts
$631,956
Employees
5
Volunteers
25
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 September 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
FRED SMOCKPresident
Trustee or director, Officer
0$0
ERIC RIESVice President
Trustee or director, Officer
0$0
KELLY PEYTONTreasurer
Trustee or director, Officer
0$0
KRISTEN TEVISSecretary
Trustee or director, Officer
0$0
TRAVIS COOKDirector
Trustee or director
0$0
TIM POSTELDirector
Trustee or director
0$0
COLLIN WILSONDirector
Trustee or director
0$0
MARK THOMPSONDirector
Trustee or director
0$0
RYAN THOMPSONDirector
Trustee or director
0$0
KARTER WENDLINGDirector
Trustee or director
0$0
BROOKE LONGDirector
Trustee or director
0$0
JASON ORRDirector
Trustee or director
0$0
GRANT POSTELDirector
Trustee or director
0$0
ELLA COOKDirector
Trustee or director
0$0
KOREY WILSONDirector
Trustee or director
0$0
1 more people on this return
NameTitleHours / weekCompensation
AMY PEYTONDirector
Trustee or director
0$0
990 for the year ended September 30, 2024: 16 people
NameTitleHours / weekCompensation
KATHY EILERSDirector
Trustee or director
0$0
COLLIN WILSONDirector
Trustee or director
0$0
GRANT POSTELDirector
Trustee or director
0$0
RICK ALBERDirector
Trustee or director
0$0
JASON ORRDirector
Trustee or director
0$0
TIM POSTELDirector
Trustee or director
0$0
TRAVIS COOKDirector
Trustee or director
0$0
MARK THOMPSONDirector
Trustee or director
0$0
RYAN THOMPSONDirector
Trustee or director
0$0
KARTER WENDLINGDirector
Trustee or director
0$0
KOREY WILSONDirector
Trustee or director
0$0
PAUL SHORTDirector
Trustee or director
0$0
ERIC RIESPresident
Officer
0$0
KRISTEN TEVISTreasurer
Officer
0$0
ELLA SHERMANSecretary
Officer
0$0
FRED SMOCKVice President
Officer
0$0
990 for the year ended September 30, 2023: 16 people
NameTitleHours / weekCompensation
KATHY EILERSDirector
Trustee or director
0$0
GRANT POSTELDirector
Trustee or director
0$0
RICK ALBERDirector
Trustee or director
0$0
JASON ORRDirector
Trustee or director
0$0
ELLA SHERMANDirector
Trustee or director
0$0
TIM POSTELDirector
Trustee or director
0$0
TRAVIS COOKDirector
Trustee or director
0$0
MARK THOMPSONDirector
Trustee or director
0$0
RYAN THOMPSONDirector
Trustee or director
0$0
KARTER WENDLINGDirector
Trustee or director
0$0
KOREY WILSONDirector
Trustee or director
0$0
PAUL SHORTDirector
Trustee or director
0$0
ERIC RIESPresident
Officer
0$0
KELLY PEYTONTreasurer
Officer
0$0
KRISTEN TEVISSecretary
Officer
0$0
FRED SMOCKVice President
Officer
0$0

Address and contacts

Address (IRS master file)
PO BOX 258, INDEPENDENCE, IA 50644-0258
Signed the 990
FRED SMOCK, President
Phone
(319) 334-9287
Return prepared by
RFSW & Co CPAs PC

Mission

PROVIDE ENTERTAINMENT TO NORTHEAST IOWA

990 for the year ended September 30, 2025

Program accomplishments

  • THE BUCHANAN COUNTY FAIR ASSOCIATION CONDUCTS AN ANNUAL FAIR AND RUNS THE INDEPENDENCE MOTOR SPEEDWAY FOR THE RESIDENTS OF BUCHANAN COUNTY AND NORTHEAST IOWA.
    Expenses $639,154 · grants $22,323 · revenue $602,651

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

Tax yearYear endedDueIRS public records
2025September 30, 2026February 15, 2027Not due yet
2024September 30, 2025February 16, 2026990 on file
2023September 30, 2024February 17, 2025990 on file

IRS record

EIN
42-0158722
Tax-exempt status
501(c)(5): Labor, agricultural or horticultural organization
Donations deductible
No
Exempt since
1940
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$677,200
Income (IRS master file)
$631,956

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$624,974$639,155$677,200XML
990September 2024$615,046$788,981$646,099XML
990September 2023$745,690$751,375$718,303XML
990September 2022–––IRS
990September 2021–––IRS
990September 2020–––IRS
990September 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 42-0158722).

Questions about BUCHANAN COUNTY FAIR ASSOC

What is the EIN of BUCHANAN COUNTY FAIR ASSOC?
The employer identification number (EIN) of BUCHANAN COUNTY FAIR ASSOC is 42-0158722.
Is BUCHANAN COUNTY FAIR ASSOC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1940.
Are donations to BUCHANAN COUNTY FAIR ASSOC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does BUCHANAN COUNTY FAIR ASSOC 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 BUCHANAN COUNTY FAIR ASSOC due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BUCHANAN COUNTY FAIR ASSOC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who are the officers and directors of BUCHANAN COUNTY FAIR ASSOC?
The 990 for the year ended September 30, 2025 lists 16 people; 0 received compensation from the organization.
How much revenue does BUCHANAN COUNTY FAIR ASSOC have?
On its 990 for the year ended September 30, 2025 it reported revenue of $624,974, expenses of $639,155 and total assets of $677,200 at year end.

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