Lebanon Valley Exposition Corp
- Assets
- $6.2m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 9
- Location
- Lebanon, PA
- Founding
- 03/1973
- Data as of
- 12/2022
- EIN
- 23-1746662
Organization Overview
Lebanon Valley Exposition Corp is located in Lebanon, PA. The organization was established in 1973. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Lebanon Valley Exposition Corp employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lebanon Valley Exposition Corp 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 12/2022, Lebanon Valley Exposition Corp generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $819.4k during the year ending 12/2022. While expenses have increased by 3.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP PUBLIC INTEREST AND PROVIDE EDUCATION AND TRAINING IN THE AREAS OF AGRICULTURE, HORTICULTURE, ANIMAL HUSBANDRY, HOME-MAKING, AND DOMESTIC ENDEAVORS BY PROVIDING FACILITIES FOR AND PROMOTING FAIRS, EXHIBITIONS, COMPETITIONS AND PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP PUBLIC INTEREST AND PROVIDE EDUCATION AND TRAINING IN SKILLS, CRAFTS, AND THE SCIENCES RELATING TO AGRICULTURE, HORTICULTURE, ANIMAL HUSBANDRY, HOME-MAKING AND DOMESTIC ENDEAVORS BY PROVIDING FACILITIES FOR AND PROMOTING FAIRS, EXHIBITIONS, COMPETITIONS AND PROJECTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Kerwin Executive Director | Officer | 40 | $109,250 |
Harry Bachman President | OfficerTrustee | 1 | $0 |
Wes Harding Treasurer | OfficerTrustee | 1 | $0 |
Sean Mckinney Secretary | OfficerTrustee | 1 | $0 |
David Wenger Vice-President | OfficerTrustee | 1 | $0 |
Kirby Horst Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,015,786 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,140,711 |
| Total Program Service Revenue | $646,197 |
| Investment income | $53,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,860,133 |
| 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 | $238,782 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,451 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,023 |
| Advertising and promotion | $3,731 |
| Office expenses | $19,380 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,561 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,769 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $209,611 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $819,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,587,311 |
| Savings and temporary cash investments | $605,235 |
| 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 | $3,635,922 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $374,647 |
| Total assets | $6,203,115 |
| Accounts payable and accrued expenses | $972 |
| 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 | $960,080 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $961,052 |
| Net assets without donor restrictions | $4,102,611 |
| Net assets with donor restrictions | $1,139,452 |
| 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 | $6,203,115 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fairfield Healthcare Professionals Inc Lancaster, OH | $17,709,490 | $34,643,375 |
Erie County Agricultural Society Hamburg, NY | $60,939,761 | $12,196,655 |
York County Agricultural Society York, PA | $13,244,124 | $7,172,303 |
Maryland State Fair And Agricultural Society Inc Timonium, MD | $17,597,510 | $10,711,144 |
Delaware State Fair Inc Harrington, DE | $38,669,423 | $11,284,455 |
Lorain County Agricultural Society Wellington, OH | $4,929,165 | $4,841,309 |
Sussex County Farm And Horse Show Association Inc Branchville, NJ | $4,070,051 | $2,708,757 |
Mercer County Fairgrounds Inc Celina, OH | $1,357,772 | $2,172,389 |
Pennsylvania Petroleum Association Inc Middletown, PA | $4,020,377 | $1,812,041 |
Cleveland National Air Show Inc Cleveland, OH | $1,205,857 | $2,047,075 |
Marion County Agricultural Society Inc Marion, OH | $712,159 | $1,483,488 |
Ohio Equine And Agricultural Association Inc Springfield, OH | $3,559,831 | $1,335,609 |