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Arts, Culture, Humanities : Performing Arts (Grantmaking)

Minnesota State Fair Foundation

Preserving and improving the historic Minnesota State Fairgrounds

two stars

79.96

1265 Snelling Avenue North Saint Paul, MN 55108
tel: (651) 288-4323   Web Site
EIN: 41-2013696

Board Leadership
Sandy Craighead
Chair

CEO
Mary Chung
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 79.96 two stars
  Financial 71.95 two stars
  Accountability & Transparency 96.00 four stars
This rating was published 02/01/2021 and includes data from FY2019, the most recent 990 received at that time.

The Minnesota State Fair Foundation preserves and improves the historic Minnesota State Fairgrounds, and supports State Fair agricultural, scientific and educational programs. Our priorities are to raise funds in the following areas: agriculture, arts and culture, education, environment, and history and heritage. Based on the historic 1911 Agricultural Society creed, the Foundation believes that the Minnesota State Fair is: "a mirror of Minnesota greatness, a school for her citizens, and a place where all are welcome, entertained and experience the results of the best thought and effort in all lines of endeavor."

The Minnesota State Fair Foundation preserves and improves the historic Minnesota State Fairgrounds, and supports State Fair agricultural, scientific and educational programs. Our priorities are to raise funds in the following areas: agriculture, arts and culture, education, environment, and history and heritage. Based on the historic 1911 Agricultural Society creed, the Foundation believes that the Minnesota State Fair is: "a mirror of Minnesota greatness, a school for her citizens, and a place where all are welcome, entertained and experience the results of the best thought and effort in all lines of endeavor."

Financial

two stars

71.95

Accountability & Transparency

four stars

96.00

This rating was published 02/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
65.6%
  Administrative Expenses 14.4%
  Fundraising Expenses 19.8%
  Fundraising Efficiency $0.19
  Working Capital Ratio (years) 1.19
  Program Expenses Growth -4.0%
  Liabilities to Assets 2.8%
All data for Financial Performance Metrics calculations was provided by Minnesota State Fair Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Minnesota State Fair Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Minnesota State Fair Foundation (MN) 79.96 two stars
Grant Park Music Festival (IL) 86.31 three stars
Cleveland International Film Festival (OH) 92.29 four stars
International Folk Art Alliance (NM) 88.78 three stars
Savannah Music Festival (GA) 87.26 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,179,251
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $155,485
   Related Organizations $0
   Government Grants $0
Total Contributions $2,334,736
   Program Service Revenue $0
Total Primary Revenue $2,334,736
   Other Revenue $325,408
TOTAL REVENUE $2,660,144
   
EXPENSES  
   Program Expenses $1,212,331
   Administrative Expenses $273,783
   Fundraising Expenses $486,142
TOTAL FUNCTIONAL EXPENSES $1,972,256
   
Payments to Affiliates $0
Excess (or Deficit) for the year $687,888
   
Net Assets $3,687,404

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Grants to Minnesota State Fair $1,212,331 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-10 02/01/2021 79.96 two stars
2018-10 09/03/2019 83.99 three stars
2017-10 02/01/2019 83.39 three stars
2016-10 12/01/2017 88.42 three stars
2015-10 11/01/2016 88.42 three stars
2014-10 06/01/2016 88.33 three stars
 
CN 2.0
2014-10 03/01/2016 91.67 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 41-2013696
Name in IRS Master File MINNESOTA STATE FAIR FOUNDATION
NTEE Code T22
NTEE Classification Private Independent Foundations
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date June, 2002
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End October
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • October, 2018
  • October, 2017
  • October, 2016
  • October, 2015
  • October, 2014
Compensation % of Expenses Paid to Title
Not compensated -- Mary Chung Executive Director
Other Salaries of Note
$167,371 8.48% Cynthia Cashman Former Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Minnesota State Fair Foundation (MN) 79.96 two stars
Austin Film Society (TX) 95.21 four stars
Aspen Music Festival and School (CO) 90.35 four stars
May Festival (OH) 87.46 three stars
Strings Music Festival (CO) 90.64 four stars

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Charity Contact Info

Minnesota State Fair Foundation
1265 Snelling Avenue North
Saint Paul, MN 55108
tel: (651) 288-4323
fax: (651) 632-2622
EIN: 41-2013696

Visit Web Site

Board Leadership

Sandy Craighead
Chair

CEO

Mary Chung
Executive Director

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