Oktemberfest Inc in Marshalltown, Iowa (IA)

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Oktemberfest Inc
Employer Identification Number (EIN)421419118
Name of OrganizationOktemberfest Inc
AddressPO BOX 1616, Marshalltown, IA 50158-7616
SubsectionCivic League
Ruling Date06/2005
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$66,390
Amount of Income$46,923
Form 990 Revenue Amount$46,923
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Fairs, County and Other


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Amount of income in 2012: $46,923
Oktemberfest Inc: 

 $46,923
Other organizations performing similar types of work: 

 $81,988

Assets in 2012: $66,390
This organization: 

 $66,390
Other organizations performing similar types of work: 

 $41,529

Expenses in 2007: $46,896
This organization: 

 $46,896
Other organizations performing similar types of work: 

 $486,108

Income to expenses ratio in 2007: 1.3
This organization: 

 1.3
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2007: 90.0%
Oktemberfest Inc: 

 90.0%
Other organizations performing similar types of work: 

 47.2%

Grants share in income in 2007: 0.0%
Oktemberfest Inc: 

 0.0%
Other organizations performing similar types of work: 

 10.6%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2004200520062007
Total revenue$56,270$59,473$43,167$59,546
Contributions, gifts, grants, and similar amounts received$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0
Indirect public support$0$0$0$0
Government contributions (grants)$0$0$0$0
Program service revenue including government fees and contracts$55,695$57,742$41,834$56,616
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$575$1,731$1,333$2,930
Dividends and interest from securities$0$0$0$0
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$0$0$0$0
Total expenses$50,642$64,018$62,118$46,896
Program services$45,906$56,379$56,381$42,209
Management and general$4,736$7,639$5,737$4,687
Fundraising$0$0$0$0
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$75,165$70,620$51,571$64,220
Excess or (deficit) for the year$5,628$-4,545$-18,951$12,650
Net assets or fund balances at beginning of year$69,537$75,165$70,620$51,571
Other changes in net assets or fund balances$0$0$-98$-1
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$46,896$42,209$4,687$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$1,636$1,636$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$45,260$40,573$4,687$0
Balance Sheets
2004200520062007
Total assets$75,165$70,620$51,571$64,220
Cash - non-interest-bearing$17,865$2,337$1,646$12,991
Savings and temporary cash investments$16,319$1,110$609$336
Accounts receivable less allowance for doubtful accounts$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$67,173$0$0
Investments - other$40,981$0$49,316$50,893
Land, buildings, and equipment less accumulated depreciation$0$0$0$0
Other assets, including program-related investments$0$0$0$0
Total liabilities$0$0$0$0
Accounts payable and accrued expenses$0$0$0$0
Grants payable$0$0$0$0
Deferred revenue$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$0$0$0$0
Other liabilities$0$0$0$0
Total liabilities and net assets/fund balances$75,165$70,620$51,571$64,220
Total net assets or fund balances$75,165$70,620$51,571$64,220
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2004200520062007
Total revenue$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0
Other expenses$0$0$0$0
Net unrealized gains on investments$0$0$0$0
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$0$0$0$0
Other revenue$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2004200520062007
Total expenses$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0
Other revenue$0$0$0$0
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$0$0$0$0
Other expenses$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings5
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?Yes
Did the organization make only in-house lobbying expenditures of $2,000 or less?Yes
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$2,930$56,616
Program service revenue
Program service revenue 1000000$000$0$29,837
Program service revenue 2000000$000$0$7,496
Program service revenue 3000000$000$0$972
Program service revenue 4000000$000$0$961
Program service revenue 5000000$000$0$17,350
000000$000$0$29,837
000000$000$0$7,496
000000$000$0$972
000000$000$0$961
000000$000$0$200
000000$000$0$2,250
000000$000$0$800
000000$000$0$250
000000$000$0$250
000000$000$0$2,894
000000$000$0$2,840
000000$000$0$2,600
000000$000$0$555
000000$000$0$4,711
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$2,930$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
2003200420052006
Total$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0
Membership fees received$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$48,831
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$48,586
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$245
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$46,548
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$46,548
Balance Sheet (for 2011)
Total assets$65,090
Total liabilities$0
Total net assets or fund balances$65,090
Retained earnings, endowment, accumulated income, or other funds$65,090
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1State Fair Of Virginia20 N Eighth St 2nd Floor, Richmond, VA 23219-3302VA1951-06$26,252,729
2Delaware State Fair IncPO BOX 28, Harrington, DE 19952-0028DE2012-09$11,369,075
3Cullasaja Club Inc1371 Cullasaja Club Dr, Highlands, NC 28741-9698NC1999-05$5,686,241
4Gentilly Carnival Club333 Edwards Ave, Jefferson, LA 70065LA1997-07$5,606,074
5Seafair2200 6th Ave Ste 400, Seattle, WA 98121-1830WA1952-05$4,103,590
6Northwest Washington Fair Association1775 Front St, Lynden, WA 98264-1260WA1994-10$2,757,446
7United Portuguese S E S Inc2818 Avenida De Portugal, San Diego, CA 92106-2705CA2004-04$882,310
8Columbia County Agricultural Society, Chatham FairPO BOX 257, Chatham, NY 12037-0257NY2008-08$782,512
9Dekalb County Fair Association IncPO BOX 65, Auburn, IN 46706-0065IN2003-01$319,067
10Oktemberfest IncPO BOX 1616, Marshalltown, IA 50158-7616IA2005-06$46,923
11Fair And Exposition Society Of Jones County Inc, Great Jones County Fair & Food FestPO BOX 150, Monticello, IA 52310-0150IA1987-10$2,162,284
12Louisa County Fair Association812 Union St, Columbus Jct, IA 52738-1252IA2011-12$495,803
13Plymouth County 4-H And Agricultural Society414 1st Ave Nw, Le Mars, IA 51031-3228IA2006-02$397,830
14Humboldt County Agricultural Society311 6th Avenue North, Humboldt, IA 50548IA2011-05$344,255
15Cass County Agricultural And Educational Assn805 W 10th St, Atlantic, IA 50022-2030IA1999-03$199,842
16Hardin County Agricultural SocietyPO BOX 247, Eldora, IA 50627-0247IA2007-01$159,082
17Hamilton County Fair Foundation1517 220th St, Webster City, IA 50595-7576IA2000-06$124,176
18Iowa Horse Industry Council Inc500 N 5th St, Indianola, IA 50125-1716IA2002-03$120,828
19Pottawattamie County Fair Assn512 Dr Van Zee Rd, Oakland, IA 51560-4352IA1948-02$79,609
20Britt Draft Horse Association Inc, C-O Randel HiscocksPO BOX 312, Britt, IA 50423-0312IA2006-01$54,400
Number of organizations performing similar types of work
Alaska7
Alabama10
Arkansas17
Arizona18
California88
Colorado12
Connecticut12
District of Columbia2
Delaware5
Florida58
Georgia23
Hawaii4
Iowa36
Idaho9
Illinois36
Indiana40
Kansas28
Kentucky32
Louisiana31
Massachusetts23
Maryland24
Maine7
Michigan59
Minnesota62
Missouri33
Mississippi8
Montana10
North Carolina29
North Dakota7
Nebraska9
New Hampshire8
New Jersey27
New Mexico14
Nevada7
New York48
Ohio40
Oklahoma8
Oregon22
Pennsylvania33
Rhode Island3
South Carolina10
South Dakota12
Tennessee30
Texas69
Utah4
Virginia21
Vermont2
Washington43
Wisconsin38
West Virginia25
Wyoming5
International1
Total1,209

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