The Boonville Fair Association
- Assets
- $663.5k
- Revenue
- $457.9k
- Investments
- $0.0
- Employees
- 31
- Location
- Boonville, NY
- Founding
- 01/1941
- Data as of
- 11/2023
- EIN
- 15-0544550
Organization Overview
The Boonville Fair Association is located in Boonville, NY. The organization was established in 1941. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 11/2023, Boonville Fair Association employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boonville Fair Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 11/2023, Boonville Fair Association generated $457.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $418.2k during the year ending 11/2023. While expenses have increased by 0.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF ANNUAL BOONVILLE-ONEIDA COUNTY FAIR AND RELATED ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOONVILLE-ONEIDA COUNTY FAIR WAS HELD JULY 25 THROUGH JULY 30, 2023. THE FAIR IS HELD EVERY YEAR DURING THE LAST WEEK IN JULY AND IS USED AS A FORUM TO PROMOTE AND SHOWCASE AGRICULTURAL EVENTS AND ACCOMPLISHMENTS IN ONEIDA COUNTY. FAIR ATTENDANCE WAS EXCELLENT WITH NEARLY 42,000 PEOPLE IN ATTENDANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hyatt President | Officer | 2 | $0 |
Thomas Reader Vice Preside | Officer | 2 | $0 |
Kevin Philbrick 2nd Vice Pre | Officer | 2 | $0 |
Beth Fox Secretary | Officer | 2 | $0 |
Susan Alger Treasurer | Officer | 5 | $3,000 |
Cassandra Sokoloff Asst Treasur | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $95,714 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,377 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,091 |
| Total Program Service Revenue | $283,883 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,690 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,171 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $457,937 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,377 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,402 |
| Advertising and promotion | $18,157 |
| Office expenses | $6,456 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,121 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,459 |
| Interest | $4,208 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,840 |
| Insurance | $25,169 |
| All other expenses | $0 |
| Total functional expenses | $418,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,631 |
| Savings and temporary cash investments | $5,571 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,551 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,273 |
| Net Land, buildings, and equipment | $532,483 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $663,509 |
| Accounts payable and accrued expenses | $13,406 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $82,288 |
| Total liabilities | $95,694 |
| Net assets without donor restrictions | $567,815 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $663,509 |