The Great Frederick Fair Inc

Nonprofit profile at a glance

EIN
520915839
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Frederick, MD, USA
Phone
3016635895
Rating confidence
Limited

Official website

Reported finances

Revenue
$5,579,145
Expenses
$5,927,139
Assets
$1,778,639
Liabilities
$1,713,095

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • JACQUELINE KREH (PRESIDENT)
  • JOHN MURPHY (VICE PRESIDENT)

Highest reported compensation

  • KAREN NICKLAS (GENERAL MANAGER): $89,768 total reported compensation
  • CHARLES CRAMER (DIRECTOR): $5,500 total reported compensation
  • NANCY KELLER (DIRECTOR): $5,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The great frederick fair, inc. Exists to promote agriculture and the education of our youth about the industry of agriculture.

What it reported doing in 2024

The following are strategies and policies for carrying our our mission: the fair must be the premier showcase for agriculture and agricultural education.the fair's core activities encompasses the exhibition of livestock, farm, garden, and handmade goods, while encouraging improvements in techniques of production and the development of better agricultural products through a system of awards.education is the number one priority accomplished by providing 4-h and ffa members and youth at large with a means of learning by doing and showing to the public their accomplishments.partnerships with 4h, ffa, and the ag community will promote ag literacy and ag career paths.the fair is in a unique position to foster understanding between the agricultural community and the public, and is a leader in this effort.we must conduct our financial affairs in a business like manner.produce the annual great frederick fair.the fair shall facilitate the display of implements of husbandry and advances in the technology of agriculture.the fair shall provide resources for educational endeavors and production agricultures promotions.the fair shall generate resources from admissions, entertainment, carnival attractions, parking, commercial exhibits, premium lists, memorabilia, recreational agriculture, and non fair rental of facilities.the fair shall strive to collect sponsorships, state appropriations, private grants and any other public funding available to support our educational and agricultural endeavors.we shall promote a year round farmers marketour facility shall be a multi-use complex of quality structures to serve the needs of the fair and the ag community.while the fair maintains an agricultural focus, we encourage and welcome involvement by all.protect and strenghthen our tax free status.

Operating model

Revenue model
Earned-program. 80% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 94
  • Accountability: 68
  • Sustainability: 20
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 9 controls in place; rating input score 22
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -6.2%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 0.3; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0.96; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 2.5%; rating input score 72; 72nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 6.2% per year; rating input score 100; 50th percentile among comparable filings
  • Asset growth: -1.2% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 12 of 12 board members independent · 2 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $90K · 13 people listed
  • Highest-paid contractors: 5 contractors listed · $1M reported
  • Consistency: 13 of 13 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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 — Accountability: Governance controls: 6 of 8 not reported.
  • High — Sustainability: Operating margin scored 18/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.