Sussex County Farm And Horse Show Association Inc
- Assets
- $4.1m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 123
- Location
- Branchville, NJ
- Founding
- 12/1970
- Data as of
- 12/2021
- EIN
- 22-1720078
Organization Overview
Sussex County Farm And Horse Show Association Inc, operating under the name New Jersey State Fair, is located in Branchville, NJ. The organization was established in 1970. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, New Jersey State Fair employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey State Fair is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, New Jersey State Fair generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION'S EXEMPT PURPOSES ARE TO CONDUCT THE SUSSEX COUNTY FARM AND HORSE SHOW (ALSO KNOWN AS THE NEW JERSEY STATE FAIR), BRING ATTENTION TO SUSSEX COUNTY, NEW JERSEY THROUGH COMMUNITY PARTICIPATION, ENCOURAGE LEADERSHIP, SPORTSMANSHIP AND DEVELOPMENT IN THE YOUTH OF THE COUNTY, DEVELOP AGRICULTURE IN ALL ITS BRANCHES, AND SUPPORT SUSSEX COUNTY, NEW JERSEY CHARITIES TO LESSEN BURDENS ON LOCAL COMMUNITIES IN MEETING THEIR HUMAN, HEALTH, AND WELFARE NEEDS.
Describe the Organization's Program Activity:
FAIR DIVISION: TO PROVIDE SAFE, FAMILY FRIENDLY ENTERTAINMENT, PRESENT EDUCATIONAL ACTIVITIES, PROMOTE YOUTH DEVELOPMENT AND GIVE FINANCIAL SUPPORT TO CHARITABLE NON-PROFIT ORGANIZATIONS.
AGRICULTURAL DIVISION: TO SHOWCASE NEW JERSEY'S AGRICULTURE.
HORSE SHOW DIVISION: TO DEMONSTRATE THE EXCELLENCE AND COMMITMENT OF THE COMMUNITY TO THESE WONDERFUL ANIMALS AND HELP RAISE FUNDS TO DO MAINTENANCE TO THE FACILITY AS WELL AS OFFER SCHOLARSHIPS TO STUDENTS OF THE SUSSEX COUNTY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Richards Fair Manager | Officer | 40 | $75,000 |
Howard Worts Vice President | OfficerTrustee | 10 | $0 |
Joan Smith President | OfficerTrustee | 10 | $0 |
Barbara Thomas Treasurer | OfficerTrustee | 10 | $0 |
Lynn Prtorich Secretary | OfficerTrustee | 2 | $0 |
Leeann Swenson Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Liam Construction | 12/30/18 | $208,400 |
William Rooney Electric | 12/30/18 | $107,715 |
In-tents Rentals Tent Rentals For Fair Week | 12/30/18 | $123,718 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $168,508 |
| All other contributions, gifts, grants, and similar amounts not included above | $362,719 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $531,227 |
| Total Program Service Revenue | $2,077,040 |
| Investment income | $694 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $99,796 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,708,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,000 |
| Compensation of current officers, directors, key employees. | $7,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $251,059 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $43,003 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,903 |
| Advertising and promotion | $65,529 |
| Office expenses | $10,737 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $211,823 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,260 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $146,445 |
| Insurance | $61,083 |
| All other expenses | $178,307 |
| Total functional expenses | $2,165,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,310,719 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,759,332 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,070,051 |
| Accounts payable and accrued expenses | $4,882 |
| Grants payable | $0 |
| Deferred revenue | $554,748 |
| 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 | $11,648 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $503,150 |
| Total liabilities | $1,074,428 |
| Net assets without donor restrictions | $2,856,889 |
| Net assets with donor restrictions | $138,734 |
| 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 | $4,070,051 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sussex County Farm And Horse Show Association Inc has recieved totaling $2,545.
| Awarding Organization | Amount |
|---|---|
Deacon Family Foundation Inc Sparta, NJ PURPOSE: CHARITABLE GIVING | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $45 |
Endowment Analysis
| Beg. Balance | $101,395 |
| Net Contributions | $89,222 |
| Other Expense | $20,716 |
| Grants | $3,000 |
| Ending Balance | $166,901 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Erie County Agricultural Society Hamburg, NY | $60,939,761 | $12,196,655 |
York County Agricultural Society York, PA | $13,244,124 | $7,172,303 |
Delaware State Fair Inc Harrington, DE | $38,669,423 | $11,284,455 |
Sussex County Farm And Horse Show Association Inc Branchville, NJ | $4,070,051 | $2,708,757 |
Pennsylvania Petroleum Association Inc Middletown, PA | $4,020,377 | $1,812,041 |
Rensselaer County Agricultural And Horticultural Society Schaghticoke, NY | $177,388 | $1,283,672 |
A Taste Of Buffalo Inc Lancaster, NY | $218,839 | $1,255,644 |
Washington County Fair Inc Greenwich, NY | $4,674,177 | $1,578,526 |
Rochester Fringe Festival Inc Rochester, NY | $674,965 | $1,364,718 |
Ulster County Agricultural Society New Paltz, NY | $1,392,415 | $1,113,784 |
Lebanon Valley Exposition Corp Lebanon, PA | $6,203,115 | $2,860,133 |
Columbia County Agricultural Society Chatham, NY | $1,929,227 | $813,177 |