Southeast Alaska State Fair Inc
- Assets
- $1.6m
- Revenue
- $466.7k
- Investments
- $0.0
- Employees
- 11
- Location
- Haines, AK
- Founding
- 06/1992
- Data as of
- 12/2022
- EIN
- 23-7078520
Organization Overview
Southeast Alaska State Fair Inc is located in Haines, AK. The organization was established in 1992. 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, Southeast Alaska State Fair Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeast Alaska State Fair Inc 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, Southeast Alaska State Fair Inc generated $466.7k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $362.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE YEAR-ROUND COMMUNITY FACILITIES, ACTIVITIES AND MAINTAIN THE FAIRGROUNDS FOR THE SOUTHEAST ALASKA STATE FAIR AND OTHER COMMUNITY EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREAT ALASKA CRAFT BEER & HOME BREW FESTIVAL SHOWCASES BEERS FROM ALL OVER ALASKA AND THE YUKON, AND DRAWS A CROWD FROM ALL OVER NORTH AMERICA. WE PROUDLY PRESENT THE BEST BREWS FROM OVER 25 REGIONAL BREWERIES, CIDERIES, AND DISTRIBUTORS ACROSS THE REGION. THE EVENT BEGINS WITH A GOURMET BREWERS DINNERS ON FRIDAY EVENING AND IS FOLLOWED THE NEXT DAY BY 4 HOURS OF EXQUISITE BREWS, GREAT FOOD, GOOD MUSIC, AND MOST IMPORTANT OF ALL, GREAT COMPANY WITH LIKE-MINDED ENTHUSIASTS!
SOUTHEAST ALASKA STATE FAIR INC ENRICHES COMMUNITY BY HOSTING CELEBRATIONS OF HERITAGE, CREATIVITY, AND SOCIAL EXCHANGE. SOUTHEAST ALASKA STATE FAIR HOSTS MANY PROGRAMS THROUGHOUT THE YEAR FOR COMMUNITY ENJOYMENT. EVENTS SUCH AS WINTER FEST, CRAFTERS HALL, AND SPRING FLING PROVIDE LITTLE TO NO REVENUE BUT ALLOW THE COMMUNITY TO COME TOGETHER AND CELEBRATE. SOUTHEAST STATE FAIR STAFF IS DEDICATED TO MAINTAINING THE GROUNDS FOR PUBLIC USE FOR DISC GOLF, HOCKY, FARMER'S MARKETS AND MORE.
FISHERMAN'S BBQ IS A COMMUNITY EVENT HELD AT THE BEGINNING OF THE SUMMER. IT IS A TIME FOR EVERYONE TO COME TOGETHER AND CELEBRATE BEFORE THE FISHING SEASON STARTS.
THE SOUTHEAST ALASKA STATE FAIR IS A COMMUNITY EVENT ORGANIZED AND ORCHESTRATED FOR THE BETTERMENT OF BOTH OUR LOCAL COMMUNITY AND THOSE AROUND US. THE SOUTHEAST ALASKA STATE FAIR HOSTS A 4 DAY EVENT FULL OF ART, MUSIC, FOOD AND FAMILY FOR EVERYONE TO ENJOY. MANY ATTENDEES COME FROM SURROUNDING COMMUNITIES TO TAKE PART IN THE FOUR DAYS OF FUN. THERE IS A LOGGING CONTEST, A CHILDREN'S STAGE, FAIR RIDES AND A VARIETY OF LIVE MUSIC ON THE BIG STAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kari Johnson Executive Director | Officer | 40 | $47,129 |
Jim Jurgeleit Director | Trustee | 0 | $0 |
Tom Faverty Director | Trustee | 0 | $0 |
Lynette Hart Director | Trustee | 0 | $0 |
Courtney Culbeck Secretary | Officer | 0 | $0 |
Spencer Douthit Chair | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,994 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $120,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,945 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,939 |
| Total Program Service Revenue | $257,807 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,622 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $1,200 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $466,661 |
| 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. | $48,586 |
| Compensation of current officers, directors, key employees. | $24,293 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,756 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,169 |
| Office expenses | $8,459 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $518 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,659 |
| Insurance | $16,178 |
| All other expenses | $10,665 |
| Total functional expenses | $362,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,198 |
| Savings and temporary cash investments | $171,117 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,729 |
| 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 | $1,087,585 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,560,629 |
| Accounts payable and accrued expenses | $10,855 |
| 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 | $0 |
| Total liabilities | $10,855 |
| Net assets without donor restrictions | $0 |
| 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 | $1,549,774 |
| Total liabilities and net assets/fund balances | $1,560,629 |