Madison County Fair Incorporated
- Assets
- $123.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, VA
- Founding
- 05/1991
- Data as of
- 12/2021
- EIN
- 54-1567542
Organization Overview
Madison County Fair Incorporated is located in Madison, VA. The organization was established in 1991. 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. Madison County Fair Incorporated 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, Madison County Fair Incorporated generated $119.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $82.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PRODUCE COMMUNITY/COUNTY FAIR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Spivey President | 4 | $0 | |
Cathy Weaver Secretary | 4 | $0 | |
Pam Fitzgerald Director | 4 | $0 | |
Tina Colvin Director | 4 | $0 | |
Nichole Pherson Treasurer | 4 | $0 | |
Monica Weaver Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,515 |
| Total Program Service Revenue | $117,701 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $119,223 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $82,501 |
| Total expenses | $82,501 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $123,250 |
| Other assets | $0 |
| Total assets | $123,250 |
| Total liabilities | $0 |
| Net assets or fund balances | $123,250 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Madison County Fair Incorporated has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cullasaja Club Inc Highlands, NC | $18,372,890 | $6,912,030 |
Maryland State Fair And Agricultural Society Inc Timonium, MD | $17,597,510 | $10,711,144 |
National Automatic Merchandising Association Arlington, VA | $9,038,730 | $6,619,737 |
American Peanut Council Inc Alexandria, VA | $2,565,849 | $4,863,109 |
American Apparel And Footwear Association Washington, DC | $9,685,300 | $5,859,062 |
Friends Of The Festival Inc Chattanooga, TN | $2,789,360 | $3,355,227 |
Kentucky Derby Festival Inc Louisville, KY | $6,625,289 | $3,844,478 |
Norfolk Festevents Ltd Norfolk, VA | $2,813,598 | $4,090,710 |
National D-Day Memorial Foundation Ltd Bedford, VA | $18,908,429 | $4,372,645 |
Virginia Beach Events Unlimited Inc Virginia Beach, VA | $1,283,401 | $2,894,814 |
Jubilee Jumpstart Washington, DC | $889,070 | $1,778,592 |
The Transportation Alliance Inc Silver Spring, MD | $2,936,416 | $1,182,648 |