SIOUX EMPIRE FAIR ASSOCIATION INC

EIN: 460209185 Recreation & Sports

SIOUX FALLS, SD

Total Revenue
$2,678,619
Total Expenses
$2,695,672
Total Assets
$1,937,832
Net Assets
$1,628,790
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Financial Trends

Organization Details

Formation Year
1940
Legal Domicile
SD
Principal Officer
SCOTT WICK
Phone
6053677178
Tax Period
2024-01-01 to 2024-12-31

SIOUX EMPIRE FAIR ASSOCIATION INC, founded in 1940, is a community nonprofit in the Recreation & Sports sector that reported $2.3M in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 9% surplus.

Mission

THE MISSION OF THE W.H. LYON FAIRGROUND IS TO BE A FUN, HANDS-ON AGRICULTURAL, EDUCATIONAL INSTITUTION THAT REFLECTS, SUPPORTS, UPLIFTS AND ENTERTAINS THE SIOUX EMPIRE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $178,142
Program Service Revenue $1,440,755
Investment Income $56,896
Other Revenue $1,002,826
TOTAL REVENUE $2,678,619

Expense Breakdown

Grants Paid $0
Salaries & Benefits $739,742
Fundraising Expenses $0
Other Expenses $1,955,930
TOTAL EXPENSES $2,695,672

Year-over-Year Comparison

2024 2023 Change
Revenue $2,678,619 $2,728,760 0.0%
Expenses $2,695,672 $2,859,229 -0.1%
Net Income $-17,053 $-130,469 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
15
Employees
254
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$134,248
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT WICK PRESIDENT/CE 55.00
Officer
$125,800 $8,448 $134,248
SCOTT AXTEL BOARD MEMBER 1.00
Director
$0 $0 $0
MARY JO BEAL SECRETARY 1.00
Officer Director
$0 $0 $0
GERALD BENINGA BOARD MEMBER 1.00
Director
$0 $0 $0
JON CARROLL BOARD MEMBER 1.00
Director
$0 $0 $0
JO HAUSMAN CHAIR 1.00
Officer Director
$0 $0 $0
BROOKE HENDRICKX BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE KNUDSON TREASURER 1.00
Officer Director
$0 $0 $0
MIKE MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
DUANE MLSNA BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE MUNK BOARD MEMBER 1.00
Director
$0 $0 $0
ART NORDSTROM BOARD MEMBER 1.00
Director
$0 $0 $0
MONICA NUSSBAUM BOARD MEMBER 1.00
Director
$0 $0 $0
DAN PIRRUNG VICE CHAIR 1.00
Officer Director
$0 $0 $0
JEFF SCHMITT BOARD MEMBER 1.00
Director
$0 $0 $0
BRUCE SHARPE BOARD MEMBER 1.00
Director
$0 $0 $0
NATHAN SKADSEN BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,678,619 $2,695,672 $1,937,832 $-17,053
2023 $2,728,760 $2,859,229 $1,936,217 $-130,469
2022 $2,659,235 $2,528,986 $2,054,274 $130,249
2021 $2,671,698 $1,976,903 $1,938,315 $694,795
2020 $1,641,500 $1,783,972 $1,354,280 $-142,472
2019 $2,274,657 $2,262,947 $1,383,013 $11,710
2018 $2,333,928 $2,119,646 $1,373,199 $214,282
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