The Great Frederick Fair Inc
- Assets
- $1.6m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 136
- Location
- Frederick, MD
- Founding
- 11/1972
- Data as of
- 10/2023
- EIN
- 52-0915839
Organization Overview
The Great Frederick Fair Inc is located in Frederick, MD. The organization was established in 1972. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 10/2023, Great Frederick Fair Inc employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Frederick Fair Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 10/2023, Great Frederick Fair Inc generated $4.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $5.0m during the year ending 10/2023. While expenses have increased by 7.0% 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 GREAT FREDERICK FAIR, INC. EXISTS TO PROMOTE AGRICULTURE AND THE EDUCATION OF OUR YOUTH ABOUT THE INDUSTRY OF AGRICULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOLLOWING ARE STRATEGIES AND POLICIES FOR CARRYING OUR OUR MISSION:THE FAIR MUST BE THE PREMIER SHOWCASE FOR AGRICULTURE AND AGRICULTURAL EDUCATION.THE FAIR'S CORE ACTIVITIES ENCOMPASSES THE EXHIBITION OF LIVESTOCK, FARM, GARDEN, AND HANDMADE GOODS, WHILE ENCOURAGING IMPROVEMENTS IN TECHNIQUES OF PRODUCTION AND THE DEVELOPMENT OF BETTER AGRICULTURAL PRODUCTS THROUGH A SYSTEM OF AWARDS.EDUCATION IS THE NUMBER ONE PRIORITY ACCOMPLISHED BY PROVIDING 4-H AND FFA MEMBERS AND YOUTH AT LARGE WITH A MEANS OF LEARNING BY DOING AND SHOWING TO THE PUBLIC THEIR ACCOMPLISHMENTS.PARTNERSHIPS WITH 4H, FFA, AND THE AG COMMUNITY WILL PROMOTE AG LITERACY AND AG CAREER PATHS.THE FAIR IS IN A UNIQUE POSITION TO FOSTER UNDERSTANDING BETWEEN THE AGRICULTURAL COMMUNITY AND THE PUBLIC, AND IS A LEADER IN THIS EFFORT.WE MUST CONDUCT OUR FINANCIAL AFFAIRS IN A BUSINESS LIKE MANNER.PRODUCE THE ANNUAL GREAT FREDERICK FAIR.THE FAIR SHALL FACILITATE THE DISPLAY OF IMPLEMENTS OF HUSBANDRY AND ADVANCES IN THE TECHNOLOGY OF AGRICULTURE.THE FAIR SHALL PROVIDE RESOURCES FOR EDUCATIONAL ENDEAVORS AND PRODUCTION AGRICULTURES PROMOTIONS.THE FAIR SHALL GENERATE RESOURCES FROM ADMISSIONS, ENTERTAINMENT, CARNIVAL ATTRACTIONS, PARKING, COMMERCIAL EXHIBITS, PREMIUM LISTS, MEMORABILIA, RECREATIONAL AGRICULTURE, AND NON FAIR RENTAL OF FACILITIES.THE FAIR SHALL STRIVE TO COLLECT SPONSORSHIPS, STATE APPROPRIATIONS, PRIVATE GRANTS AND ANY OTHER PUBLIC FUNDING AVAILABLE TO SUPPORT OUR EDUCATIONAL AND AGRICULTURAL ENDEAVORS.WE SHALL PROMOTE A YEAR ROUND FARMERS MARKETOUR FACILITY SHALL BE A MULTI-USE COMPLEX OF QUALITY STRUCTURES TO SERVE THE NEEDS OF THE FAIR AND THE AG COMMUNITY.WHILE THE FAIR MAINTAINS AN AGRICULTURAL FOCUS, WE ENCOURAGE AND WELCOME INVOLVEMENT BY ALL.PROTECT AND STRENGHTHEN OUR TAX FREE STATUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Cramer Director | Trustee | 5 | $5,000 |
Nancy Keller President | OfficerTrustee | 7 | $5,000 |
Maurice Gladhill Treasurer | OfficerTrustee | 7 | $5,000 |
Robert Frank Secretary | OfficerTrustee | 6 | $5,000 |
James Grimes Director | Trustee | 10 | $5,000 |
Jacqueline Kreh Vice President | OfficerTrustee | 6 | $5,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Showtime Sound Llc Sound Services | 10/30/23 | $140,804 |
Reithoffer Shows Fair Services | 10/30/23 | $139,135 |
The Taisey Agency Llc Security Services | 10/30/23 | $137,904 |
United Concerts International Concert Services | 10/30/23 | $130,000 |
Plastered Touring Llc Concert Services | 10/30/23 | $124,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $20,000 |
| Government grants | $216,751 |
| All other contributions, gifts, grants, and similar amounts not included above | $356,345 |
| Noncash contributions included in lines 1a–1f | $104,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $593,096 |
| Total Program Service Revenue | $3,736,815 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $549,443 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$295 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,881,417 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $172,133 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $146,022 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $584,537 |
| Pension plan accruals and contributions | $6,629 |
| Other employee benefits | $28,091 |
| Payroll taxes | $52,479 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $27,119 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,293 |
| Advertising and promotion | $133,635 |
| Office expenses | $96,181 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $333,996 |
| Travel | $17,618 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53,746 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,660 |
| Insurance | $49,355 |
| All other expenses | $863,227 |
| Total functional expenses | $5,002,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,701 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $219,103 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,599 |
| Prepaid expenses and deferred charges | $22,014 |
| Net Land, buildings, and equipment | $1,278,659 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,889 |
| Total assets | $1,572,965 |
| Accounts payable and accrued expenses | $107,390 |
| Grants payable | $0 |
| Deferred revenue | $108,695 |
| 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 | $830,914 |
| Total liabilities | $1,046,999 |
| Net assets without donor restrictions | $525,966 |
| 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 | $1,572,965 |