Benefit For The Basin
- Assets
- $97.1k
- Revenue
- $170.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Klamath Falls, OR
- Founding
- 08/2015
- Data as of
- 12/2021
- EIN
- 47-1643310
Organization Overview
Benefit For The Basin is located in Klamath Falls, OR. The organization was established in 2015. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benefit For The Basin 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, Benefit For The Basin generated $170.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $140.1k during the year ending 12/2021. While expenses have increased by 25.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BENEFIT FOR THE BASIN IS A NON-PROFIT VOLUNTEER ORGANIZATION THAT SUPPORTS YOUTH, EDUCATION, COMMUNITY, AND THE KLAMATH COUNTY FAIRGROUNDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ESTABLISH AND MAINTAIN AN ENDOWMENT FUND TO SUPPORT THE KLAMATH COUNTY FAIRGROUNDS AND ITS FACILITIES WITH EMPHASIS ON ALL YOUTH PROGRAMS
ALL FUNDS EXPENDED ARE TO PROVIDE SUPPORT TO YOUTH, EDUCATION, COMMUNITY, AND THE KLAMATH COUNTY FAIRGROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Reister President | Officer | $0 | |
Keith Stotts Vice Preside | Officer | $0 | |
Kristine Golden Treasurer | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,203 |
| All other contributions, gifts, grants, and similar amounts not included above | $221 |
| Noncash contributions included in lines 1a–1f | $15,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,424 |
| Total Program Service Revenue | $102,628 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $420 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $2,150 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $170,627 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $8,676 |
| Office expenses | $3,432 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $493 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,480 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $389 |
| Insurance | $2,455 |
| All other expenses | $2,684 |
| Total functional expenses | $140,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,887 |
| 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 | $1,191 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $97,078 |
| Accounts payable and accrued expenses | $1,951 |
| 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 | $1,951 |
| Net assets without donor restrictions | $95,127 |
| 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 | $97,078 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Benefit For The Basin has recieved totaling $7,055.
| Awarding Organization | Amount |
|---|---|
Lillys Gift Foundation Yreka, CA PURPOSE: TO SUPPORT YOUTH, EDUCATION, COMMUNITY, AND THE KLAMATH COUNTY FAIRGROUNDS. | $5,000 |
R H Parker-United Foundation Portland, OR PURPOSE: COMMUNITY SERVICES | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $55 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Los Angeles County Fair Assn Fairgrounds Pomona, CA | $119,881,793 | $57,689,315 |
Western Washington Fair Association Puyallup, WA | $76,145,204 | $42,507,935 |
Alameda County Agricultural Fair Association Pleasanton, CA | $25,128,920 | $22,272,124 |
Apa-The Engineered Wood Association Tacoma, WA | $20,196,458 | $14,789,025 |
San Mateo County Expostion And Fair Association San Mateo, CA | $12,291,623 | $16,007,611 |
San Diego Comic Convention San Diego, CA | $43,401,363 | $7,260,590 |
Fairweather Foundation Minden, NV | $0 | $533,390 |
Sonoma County Fair & Exposition Inc Santa Rosa, CA | $17,626,127 | $9,756,365 |
Santa Clara County Fair Grounds Management Corporation Inc San Jose, CA | $6,944,822 | $8,647,044 |
Northwest Washington Fair Association Lynden, WA | $12,865,424 | $5,217,774 |
Central Washington Fair Association Yakima, WA | $5,361,375 | $6,100,925 |
Seafair Seattle, WA | $1,153,847 | $3,813,389 |