Operating record

Boone County Fair Association

Belvidere, IL · EIN 23-7166010 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$403,932$606,625−$202,69347.126%
2021$1,687,537$1,496,837$190,70020.612%
2022$2,136,065$1,660,306$475,75922.013%
2023$2,382,650$1,875,834$506,81622.713%

In its most recent public year (2023), this organization brought in $506,816 more than it spent. Its reserves stood at about 22.7 months of spending, down from 47.1 in 2020. Staff pay was 13% of spending. $110,949 of its net assets are donor-restricted.

Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings ↗