NORTH IOWA FAIR ASSOCIATION
Mission Statement
North Iowa Events Center is a non-profit 501(c)3 organization, proud to serve as the premiere recreational event complex for North Iowans, tourists and guests. Our diverse client base benefits from multiple, distinct venues and the commitments we have to quality of life, exemplary service and attention to detail. NIEC provides a local link between Iowa’s rich agricultural heritage and budding future, while celebrating key relationships between agriculture, business and community. Proceeds from all members and sponsors are used for expenses associated with the NIEC mission, which is to produce the annual fair, incorporate youth shows and agriculture along with educational, competitive and recreational entertainment opportunities for the county we represent with great pride.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
93.6% | 95.2% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
5.2% | 3.4% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.2% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
66.4% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
30.5 mo | 6.3 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.3% | 0.0% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
55.5% | 89.4% |
P10P90
|
Top quarter |
|
Surplus margin
Surplus as a share of revenue
|
22.1% | 2.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $805K | $627K | $1.6M | 93.6% | 8 |
| 2023 | $672K | $683K | $742K | 93.3% | 13 |
| 2022 | $491K | $617K | $787K | 86.6% | 13 |
| 2021 | $672K | $508K | N/A | — | 8 |
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