Delaware State Fair Inc
- Assets
- $38.7m
- Revenue
- $11.3m
- Investments
- $155.6k
- Employees
- 422
- Location
- Harrington, DE
- Founding
- 09/2012
- Data as of
- 12/2021
- EIN
- 51-0072431
Organization Overview
Delaware State Fair Inc is located in Harrington, DE. The organization was established in 2012. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Delaware State Fair Inc employed 422 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware 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 12/2021, Delaware State Fair Inc generated $11.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $5.9m during the year ending 12/2021. 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 MISSION OF THE DELAWARE STATE FAIR, INC. FOCUSES ON THE PRESERVATION OF THE PAST, PROMOTION OF THE PRESENT, AND EDUCATION IN THE FUTURE, OF AGRICULTURE, HORTICULTURE, MECHANICAL ARTS, AND RURAL AND DOMESTIC ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZE AND OPERATE THE DELAWARE STATE FAIR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Dimondi Gen Manager/secretary | OfficerTrustee | 60 | $190,141 |
C Douglas Crouse Treasurer | OfficerTrustee | 5 | $1,500 |
R Ronald Draper President | OfficerTrustee | 1 | $0 |
Kenneth S Clark Jr 1st Vice President | OfficerTrustee | 1 | $0 |
Harvey R Kenton Jr 2nd Vice President | OfficerTrustee | 1 | $0 |
Jeanie T Deleo 3rd Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Delaware State Police Security | 12/30/21 | $122,977 |
Adstrategies Advertising | 12/30/21 | $118,753 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,840,189 |
| All other contributions, gifts, grants, and similar amounts not included above | $436,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,276,339 |
| Total Program Service Revenue | $4,388,746 |
| Investment income | $471,194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $836,740 |
| Net Gain/Loss on Asset Sales | $1,127,741 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $183,695 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,284,455 |
| 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. | $190,141 |
| Compensation of current officers, directors, key employees. | $9,506 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,461,789 |
| Pension plan accruals and contributions | $85,141 |
| Other employee benefits | $145,745 |
| Payroll taxes | $131,956 |
| Fees for services: Management | $43,164 |
| Fees for services: Legal | $230 |
| Fees for services: Accounting | $29,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $90,743 |
| Fees for services: Other | $14,111 |
| Advertising and promotion | $171,481 |
| Office expenses | $28,909 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,674 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $904,882 |
| Insurance | $228,059 |
| All other expenses | $115,281 |
| Total functional expenses | $5,923,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $8,098,096 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $389,116 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,412 |
| Prepaid expenses and deferred charges | $73,423 |
| Net Land, buildings, and equipment | $11,481,526 |
| Investments—publicly traded securities | $18,447,594 |
| Investments—other securities | $155,628 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,627 |
| Total assets | $38,669,423 |
| Accounts payable and accrued expenses | $479,953 |
| Grants payable | $0 |
| Deferred revenue | $1,354,484 |
| 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 | $34,746 |
| Total liabilities | $1,869,183 |
| Net assets without donor restrictions | $36,800,240 |
| 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 | $38,669,423 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Delaware State Fair Inc has recieved totaling $56.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $56 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Sussex County Farm And Horse Show Association Inc Branchville, NJ | $4,070,051 | $2,708,757 |
Pennsylvania Petroleum Association Inc Middletown, PA | $4,020,377 | $1,812,041 |
The Transportation Alliance Inc Silver Spring, MD | $2,936,416 | $1,182,648 |
Lebanon Valley Exposition Corp Lebanon, PA | $6,203,115 | $2,860,133 |
Saint Marys County Fair Association Incorporated Leonardtown, MD | $1,395,180 | $864,896 |
Shippenburg Community Fair Inc Shippensburg, PA | $1,614,223 | $708,589 |
Southern Lancaster County Community Fair Association Quarryville, PA | $1,262,472 | $778,151 |
Garrett County Agriculture Fair Inc Mchenry, MD | $3,982,036 | $482,122 |
Charles County Fair Inc La Plata, MD | $1,907,419 | $788,326 |