Maryland State Fair And Agricultural Society Inc
- Assets
- $18.0m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 360
- Location
- Timonium, MD
- Founding
- 11/1953
- Data as of
- 10/2023
- EIN
- 52-0590244
Organization Overview
Maryland State Fair And Agricultural Society Inc is located in Timonium, MD. The organization was established in 1953. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Maryland State Fair And Agricultural Society Inc employed 360 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland State Fair And Agricultural Society 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 10/2023, Maryland State Fair And Agricultural Society Inc generated $7.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $7.8m during the year ending 10/2023. While expenses have increased by 2.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MARYLAND STATE FAIR & AGRICULTURAL SOCIETY, INC., A PRIVATE NON-PROFIT 501(C)(3) ORGANIZATION, SUPPORTS AGRICULTURE, EDUCATION, PRESERVES AND PROMOTES MARYLAND'S AGRICUTURAL ROOTS, AND PROVIDES COMPETITIONS AND EVENTS SHOWCASING MARYLAND'S PREMIER INDUSTRY.
Describe the Organization's Program Activity:
THE MARYLAND STATE FAIR IS AN ANNUAL ATTRACTION HELD BETWEEN LATE AUGUST AND EARLY SEPTEMBER AND IS HOST TO SEVERAL HUNDRED THOUSAND ATTENDEES. THE ATTRACTIONS INCLUDE AMUSEMENT RIDES, CONCERTS, ANIMALS, PRODUCE, FOOD PRODUCTS, ARTS & CRAFTS, AND AMONG OTHERS MD FARM EDUCATIONAL EXHIBITS HOSTED BY THE 4H, FFA, U LEARN CENTER, ANIMAL WORLD, AND STEM AND TECHNOLOGY. THE STATE FAIR SERVES AS A STATE WIDE NETWORKING AND CAREER DEVELOMENT FOR INDIVIDUALS INVOLVED IN SUCH PROGRAMS.
THOROUGHBRED RACING IS HELD FOR 7-10 DAYS DURING THE MARYLAND STATE FAIR. IN ADDITION TO SUPPORTING MARYLAND HORSEBREEDING, THE RACING DAYS PROVIDE A PUBLIC ENTERTAINMENT ACTIVITY EACH YEAR.
EACH YEAR THE MARYLAND STATE FAIR MAKES IT'S FACILITIES AVAILABLE TO OTHER LIVESTOCK AND AGRICULTURAL GROUPS AT NO COST OR FOR REDUCED RENTAL RATES. PRIOR EVENTS WERE THE ATLANTIC NATIONAL ANGUS EVENT, BALTIMORE COUNTY FARMERS MARKET,BALTIMORE COUNTY 4-H FAIR, MARYLAND HORSEBREEDERS YEARLING SHOW, THE PDCA DAIRY CATTLE SHOW & YOUTH SWINE SHOW ARE HELD ON THE FAIRGROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy D'angelo Marketing Di | 40 | $160,200 | |
D Andrew Cashman General Mana | 50 | $112,838 | |
Charles Horn Electrician | 40 | $108,501 | |
Terry Warner Director Of | 40 | $115,784 | |
A Ferris Allen Director | Trustee | 2 | $0 |
Mary Amoss Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Busic Entertainment Llc | 10/30/23 | $142,000 |
Ck Manufacturing Llc | 10/30/23 | $514,892 |
186 Advertising Advertising | 10/30/23 | $195,334 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $390,696 |
| All other contributions, gifts, grants, and similar amounts not included above | $424,212 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $814,908 |
| Total Program Service Revenue | $5,647,290 |
| Investment income | $145,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $434,792 |
| Net Gain/Loss on Asset Sales | -$6,034 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,036,890 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $65,171 |
| 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 | $1,638,540 |
| Pension plan accruals and contributions | $30,181 |
| Other employee benefits | $174,900 |
| Payroll taxes | $177,258 |
| Fees for services: Management | $95,466 |
| Fees for services: Legal | $3,072 |
| Fees for services: Accounting | $77,663 |
| Fees for services: Lobbying | $25,100 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,056 |
| Fees for services: Other | $0 |
| Advertising and promotion | $271,128 |
| Office expenses | $62,971 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,499 |
| Travel | $15,515 |
| 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 | $291,012 |
| Insurance | $0 |
| All other expenses | $2,342,840 |
| Total functional expenses | $7,786,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,479 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,082,115 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,875 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $82,922 |
| Net Land, buildings, and equipment | $8,489,111 |
| Investments—publicly traded securities | $7,557,924 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $437,113 |
| Total assets | $18,016,539 |
| Accounts payable and accrued expenses | $1,084,577 |
| Grants payable | $0 |
| Deferred revenue | $1,253,800 |
| 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 | $2,338,377 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $7,360 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $15,670,802 |
| Total liabilities and net assets/fund balances | $18,016,539 |