Washington State Fair Foundation
- Assets
- $4.2m
- Revenue
- $849.4k
- Investments
- $3.9m
- Employees
- 0
- Location
- Puyallup, WA
- Founding
- 02/2008
- Data as of
- 11/2023
- EIN
- 26-1250496
Organization Overview
Washington State Fair Foundation is located in Puyallup, WA. The organization was established in 2008. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington State Fair Foundation 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 11/2023, Washington State Fair Foundation generated $849.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $674.8k during the year ending 11/2023. While expenses have increased by 11.8% 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
THE MISSON OF THE WASHINGTON STATE FAIR FOUNDATION IS TO FINANCIALLY SUPPORT THE SCHOLARSHIP AND EDUCATIONAL PROGRAMS OF THE WASHINGTON STATE FAIR AND TO HELP PRESERVE AND IMPROVE THE WASHINGTON STATE FAIR FOR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLUE RIBBON SCHOLARSHIP PROGRAM - THE WASHINGTON STATE FAIR FOUNDATION IS PLEASED TO PRESENT OVER $150,000 IN SCHOLARSHIP OPPORTUNITIES TO STUDENTS RESIDING IN WASHINGTON STATE FOR THE FISCAL YEAR ENDING NOVEMBER 30, 2023. AWARDS WERE PAID TO THE COLLEGE, UNIVERSITIES AND VOCATIONAL TECHNICAL SCHOOLS THE AWARDEES ATTENDED. THE BLUE RIBBON SCHOLARSHIP PROGRAM IS MADE POSSIBLE BY THE GENEROSITY OF THE FOUNDATION'S DONORS. SINCE THE INCEPTION OF THE PROGRAM, OVER $1,900,000 IN AWARDS HAVE BEEN DISTRIBUTED TO STUDENTS ACROSS WASHINGTON STATE PURSUING HIGHER EDUCATION. IN ADDITION TO THE ENDOWED SCHOLARSHIPS SET UP BY DONOR FAMILIES, THE PROGRAM IS PRIMARILY SUPPORTED BY AN ANNUAL ROUND UP AUCTION THAT TAKES PLACE EACH AUGUST.
THE WASHINGTON STATE FAIR FOUNDATION INCURS AND RECOGNIZES MISCELLANEOUS EXPENSES AND REVENUES TO SUPPORT THE OPERATION OF ACTIVITIES.
TRAVELING FARM - THE TRAVELING FARM IS WASHINGTON'S FOOD AND FARMING STORY: A FREE, EXCITING, HANDS-ON EXHIBIT AT THE WASHINGTON STATE FAIR THAT CONNECTS KIDS AND FAMILIES TO OUR STATE'S AGRICULTURE INDUSTRY, THE FARMERS THAT PRODUCE THE FOOD WE EAT AND THE CONNECTION TO HEALTHY EATING CHOICES. IN 2023 THE FOUNDATION CONTRIBUTED $41,462 IN PLEDGE PAYMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Larson Director, President | OfficerTrustee | 10 | $0 |
Jeff Mcvicker Director, Vice-President | OfficerTrustee | 10 | $0 |
Kent Hojem Former Director, Secretary | OfficerTrustee | 10 | $0 |
Renee Mcclain Director, Secretary | OfficerTrustee | 10 | $0 |
Billy Yun Director, Treasurer | OfficerTrustee | 10 | $0 |
Jeff Hogan Former Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $491,994 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $525,184 |
| Total Program Service Revenue | $0 |
| Investment income | $229,328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $94,872 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $849,384 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $303,630 |
| Grants and other assistance to domestic individuals. | $156,250 |
| 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 | $77,920 |
| Pension plan accruals and contributions | $4,180 |
| Other employee benefits | $3,488 |
| Payroll taxes | $7,406 |
| Fees for services: Management | $18,285 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $29,948 |
| 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 | $12,566 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $61,107 |
| Total functional expenses | $674,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $261,848 |
| 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 | $36,726 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,814 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,907,847 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $4,219,235 |
| Accounts payable and accrued expenses | $55,267 |
| 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 | $55,267 |
| Net assets without donor restrictions | $38,523 |
| Net assets with donor restrictions | $4,125,445 |
| 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 | $4,219,235 |