Nonprofit · EIN 42-1407793
CLAY COUNTY FAIR CHARITABLE TRUST
Tax-exempt · SPENCER, IA 51301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $138,955 | $89,600 | $49,355 | $671,051 | $0 | $671,051 |
| December 31, 2024 | 990 | $19,725 | $4,279 | $15,446 | $621,696 | $0 | $621,696 |
| October 31, 2024 | 990 | $146,839 | $97,653 | $49,186 | $606,250 | $0 | $606,250 |
| October 31, 2023 | 990 | $152,717 | $540,431 | -$387,714 | $557,064 | $0 | $557,064 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $126,386
- Program service revenue
- $0
- Investment income
- $12,569
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $3,441
- Accounting fees
- $3,490
- Program services (functional)
- $89,600
Balance sheet and other
- Total assets, start of year
- $621,696
- Total assets, end of year
- $671,051
- Total liabilities, end of year
- $0
- Net assets, end of year
- $671,051
- Net assets without donor restrictions
- $671,051
- Gross receipts
- $138,955
- Employees
- 0
- Year formed
- 1993
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JASON BROCKSHUS | SECRETARY/CEO/MGR | 2 | $0 | $109,306 |
| GREG LEAR | Chairman Trustee or director, Officer | 0 | $0 | $0 |
| JOHN ZINN | VICE CHAIRMAN Trustee or director, Officer | 0 | $0 | $0 |
| JOEL STAVE | Treasurer Trustee or director, Officer | 0 | $0 | $0 |
| DOUG BIEDENFELD | EXEC COMITTEE Trustee or director, Officer | 0 | $0 | $0 |
| DENNIS LARSON | EXEC COMMITTEE Trustee or director, Officer | 0 | $0 | $0 |
| DANA METCALF | EXEC COMMITTEE Trustee or director, Officer | 0 | $0 | $0 |
| GAYLE SIMONS | EXEC COMMITTEE Trustee or director, Officer | 0 | $0 | $0 |
| TRACY SMALL | EXEC COMMITTEE Trustee or director, Officer | 0 | $0 | $0 |
| KEVIN TLAM | EXEC COMMITTEE Trustee or director, Officer | 0 | $0 | $0 |
| STEVE WALLER | EXEC COMMITTEE Trustee or director, Officer | 0 | $0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JEROME HERTEL | SECRETARY/CEO/MGR | 2 | $0 | $97,474 |
| GREG LEAR | Chairman Trustee or director, Officer | 0 | $0 | $0 |
| TRACY SMALL | VICE CHAIRMAN Trustee or director, Officer | 0 | $0 | $0 |
| DENNIS LARSON | Treasurer Trustee or director, Officer | 0 | $0 | $0 |
| DOUG BIEDENFELD | EXEC COMITTEE Trustee or director, Officer | 0 | $0 | $0 |
| JOHN ZINN | EXEC COMMITTEE Trustee or director, Officer | 0 | $0 | $0 |
| DANA METCALF | EXEC COMMITTEE Trustee or director, Officer | 0 | $0 | $0 |
| GAYLE SIMONS | EXEC COMMITTEE Trustee or director, Officer | 0 | $0 | $0 |
| JOEL STAVE | EXEC COMMITTEE Trustee or director, Officer | 0 | $0 | $0 |
| KEVIN TLAM | EXEC COMMITTEE Trustee or director, Officer | 0 | $0 | $0 |
| STEVE WALLER | EXEC COMMITTEE Trustee or director, Officer | 0 | $0 | $0 |
990 for the year ended October 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JEROME HERTEL | SECRETARY/CEO/MGR | 2 | $0 | $64,317 |
| GREG LEAR | Chairman Trustee or director, Officer | 0 | $0 | $0 |
| TRACY SMALL | VICE CHAIRMAN Trustee or director, Officer | 0 | $0 | $0 |
| DENNIS LARSON | Treasurer Trustee or director, Officer | 0 | $0 | $0 |
| DOUG BIEDENFELD | EXEC COMITTEE Trustee or director, Officer | 0 | $0 | $0 |
| JOHN ZINN | EXEC COMMITTEE Trustee or director, Officer | 0 | $0 | $0 |
| DANA METCALF | EXEC COMMITTEE Trustee or director, Officer | 0 | $0 | $0 |
| GAYLE SIMONS | EXEC COMMITTEE Trustee or director, Officer | 0 | $0 | $0 |
| JOEL STAVE | EXEC COMMITTEE Trustee or director, Officer | 0 | $0 | $0 |
| KEVIN TLAM | EXEC COMMITTEE Trustee or director, Officer | 0 | $0 | $0 |
| STEVE WALLER | EXEC COMMITTEE Trustee or director, Officer | 0 | $0 | $0 |
990 for the year ended October 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JEREMY PARSONS | SECRETARY/CE Former | 2 | $0 | $83,991 |
| JEROME HERTEL | SECRETARY/CE Institutional trustee | 2 | $0 | $0 |
| STEVE WALLER | CHAIRMAN Trustee or director, Officer | – | $0 | $0 |
| DANA METCALF | VICE CHAIRMA Trustee or director, Officer | – | $0 | $0 |
| DENNIS LARSON | TREASURER Trustee or director, Officer | – | $0 | $0 |
| DOUG BIEDENFELD | EXECUTIVE CO Trustee or director, Officer | – | $0 | $0 |
| JOHN ZINN | EXECUTIVE CO Trustee or director, Officer | – | $0 | $0 |
| GREG LEAR | EXECUTIVE CO Trustee or director, Officer | – | $0 | $0 |
| GAYLE SIMONS | EXECUTIVE CO Trustee or director, Officer | – | $0 | $0 |
| KATHY ANDERSON | EXECUTIVE CO Trustee or director, Officer | – | $0 | $0 |
| TRACY SMALL | EXECUTIVE CO Trustee or director, Officer | – | $0 | $0 |
| VERDON SCHMIDT | EXECUTIVE CO Trustee or director, Officer | – | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 527, SPENCER, IA 51301-0527
- In care of
- % CLAY COUNTY FAIR ASSOC INC
- Principal officer (990 for 2025)
- JASON BROCKSHUS
- Signed the 990
- JASON BROCKSHUS, SECRETARY/CEO/MGR
- Phone
- (712) 580-3000
- Return prepared by
- Campbell Higgins & Mummert PC
Mission
FINANCIAL SUPPORT FOR THE CLAY COUNTY FAIR.
Program accomplishments
- TO PROVIDE FINANCIAL SUPPORT FOR THOSE SCIENTIFIC AND EDUCATIONAL ACTIVITIES OF THE CLAY COUNTY FAIR ASSOCIATION.Expenses $89,600
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 42-1407793
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $671,051
- Income (IRS master file)
- $138,955
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $138,955 | $89,600 | $671,051 | XML |
| 990 | December 2024 | $19,725 | $4,279 | $621,696 | IRS |
| 990 | October 2024 | $146,839 | $97,653 | $606,250 | XML |
| 990 | October 2023 | $152,717 | $540,431 | $557,064 | XML |
| 990 | October 2022 | $196,589 | $166,219 | $944,778 | IRS |
| 990 | October 2021 | – | – | – | IRS |
| 990 | October 2020 | – | – | – | IRS |
| 990 | October 2019 | – | – | – | IRS |
| 990 | October 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 42-1407793).
Questions about CLAY COUNTY FAIR CHARITABLE TRUST
- What is the EIN of CLAY COUNTY FAIR CHARITABLE TRUST?
- The employer identification number (EIN) of CLAY COUNTY FAIR CHARITABLE TRUST is 42-1407793.
- Is CLAY COUNTY FAIR CHARITABLE TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to CLAY COUNTY FAIR CHARITABLE TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CLAY COUNTY FAIR CHARITABLE TRUST 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 CLAY COUNTY FAIR CHARITABLE TRUST due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CLAY COUNTY FAIR CHARITABLE TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CLAY COUNTY FAIR CHARITABLE TRUST?
- The 990 for the year ended December 31, 2025 names JASON BROCKSHUS.
- Who are the officers and directors of CLAY COUNTY FAIR CHARITABLE TRUST?
- The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does CLAY COUNTY FAIR CHARITABLE TRUST have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $138,955, expenses of $89,600 and total assets of $671,051 at year end.
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