Ledyard Fair Inc

Nonprofit profile at a glance

EIN
061100663
IRS 990-EZ coverage
2009–2023
Forms available
Form 990-EZ 2023
Location
Ledyard, CT, USA
Phone
8607051997
Rating
34
Verdict
REVIEW
Rating confidence
Moderate
Sector
Fairs

Reported finances

Revenue
$2,373
Expenses
$79,053
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Loretta Kent (Assoc. President and Member of the Board)

People named in this filing

  • Sarah Blendermann (Chairwomen of the Board)
  • Rich Kent (Member of the Board)
  • Mike Jones (Member of the Board)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ledyard Fair, Inc is an all volunteer organization that produces an annual agricultural fair for the town of Ledyard, CT. It is an incorporated organization for the purpose of obtaining liability insurance that covers the town and the Ledyard Board of Education from whom it leases the school and town grounds on which the fair is held. It has no employees. Almost all receipts are obtained from admission fees, crafts and vendor booths rentals and percentage receipts from contracted carnival activities and rides. It occasionally receives contributions from individuals and businesses as reported in part II above. The letter from the IRS granting 501(c)(3) status confirms its qualifications as a publicity support organization as described in section 509(a)(2). PLEASE NOTE: We have closed the business with the State of CT as of 18 Nov 2024. All cash funds have be donated. This will be our last return. I will file the paperwork with the IRS for closurer after this return is excepted.

What it reported doing in 2023

No activity this year. The Town of Ledyard sold part of the land used for the fair and we have be unable to found new property.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 8
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -3,231.4%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -19.5% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: -18.8% per year; rating input score 0; 16th percentile among comparable filings
  • Asset growth: 5.4% per year; rating input score 100; 59th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2009 to 2023
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.