Kutztown Fair Assn
- Assets
- $388.4k
- Revenue
- $320.1k
- Investments
- $0.0
- Employees
- 39
- Location
- Kutztown, PA
- Founding
- 01/1948
- Data as of
- 10/2023
- EIN
- 23-0781035
Organization Overview
Kutztown Fair Assn is located in Kutztown, PA. The organization was established in 1948. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Kutztown Fair Assn employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kutztown Fair Assn is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 10/2023, Kutztown Fair Assn generated $320.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $282.2k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 6 years. 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
CULTURAL FESTIVALS FOR THE GENERAL PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTURAL FESTIVALS FOR THE GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Bowman Director | Trustee | 5 | $100 |
Richard Dry Director Grds Manage | Trustee | 35 | $19,476 |
Dale Kramer Director Concession | Trustee | 10 | $1,030 |
Earl Leiby Director Enter | Trustee | 5 | $110 |
Lolly Lesher Director | Trustee | 5 | $30 |
Chris Manwiller Secretary Bar Manage | OfficerTrustee | 10 | $3,240 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,598 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,578 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,176 |
| Total Program Service Revenue | $111,050 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $143,835 |
| 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 | $320,061 |
| 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. | $35,256 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,157 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,969 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,496 |
| Office expenses | $20,214 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,539 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $77 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,294 |
| Insurance | $20,356 |
| All other expenses | $0 |
| Total functional expenses | $282,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,576 |
| Savings and temporary cash investments | $0 |
| 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 | $2 |
| Net Land, buildings, and equipment | $331,870 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $388,448 |
| Accounts payable and accrued expenses | $0 |
| 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 | $12,981 |
| Total liabilities | $12,981 |
| Net assets without donor restrictions | $375,467 |
| 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 | $388,448 |