State Fair Of West Virginia Inc
- Assets
- $7.7m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 212
- Location
- Lewisburg, WV
- Founding
- 01/2004
- Data as of
- 10/2022
- EIN
- 55-0326802
Organization Overview
State Fair Of West Virginia Inc is located in Lewisburg, WV. The organization was established in 2004. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 10/2022, State Fair Of West Virginia Inc employed 212 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. State Fair Of West Virginia 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 10/2022, State Fair Of West Virginia Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $4.6m during the year ending 10/2022. While expenses have increased by 3.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AGRICULTURAL ENTERPRISE AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTATION OF THE STATE FAIR OF WEST VIRGINIA AND RELATED EXHIBITIONS, ACTIVITIES, AND EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Collins CEO | Officer | 40 | $71,872 |
Ralph J Warren Jr Chairman | OfficerTrustee | 1 | $0 |
Phoebe Mcguire Secretary | OfficerTrustee | 0.5 | $0 |
Kathryn Tuckwiller Vice Chairman | OfficerTrustee | 0.5 | $0 |
Dr Jerry Clemons Treasurer | OfficerTrustee | 0.5 | $0 |
Dr John R Wilson Director/chair Emeritus | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Purplehayes Touring Inc Main Stage Entertainment | 10/30/22 | $150,960 |
United Sound & Electronics Llc Stage Rental And Sound | 10/30/22 | $146,379 |
T White Construction Llc Capital Improvements And General Mainte | 10/30/22 | $127,307 |
Bostic Paving Co Paving Around Facilities | 10/30/22 | $105,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,595,045 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,565 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,654,610 |
| Total Program Service Revenue | $4,492,024 |
| Investment income | $473 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,147,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,595 |
| Compensation of current officers, directors, key employees. | $21,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $583,716 |
| Pension plan accruals and contributions | $10,827 |
| Other employee benefits | $0 |
| Payroll taxes | $55,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,729 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,727 |
| Advertising and promotion | $197,925 |
| Office expenses | $227,466 |
| Information technology | $44,543 |
| Royalties | $0 |
| Occupancy | $430,252 |
| Travel | $15,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,019 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $330,197 |
| Insurance | $319,128 |
| All other expenses | $230,915 |
| Total functional expenses | $4,587,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383,247 |
| Savings and temporary cash investments | $605,240 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,637 |
| 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 | $24,587 |
| Net Land, buildings, and equipment | $5,846,097 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $831,731 |
| Total assets | $7,745,539 |
| Accounts payable and accrued expenses | $113,989 |
| Grants payable | $0 |
| Deferred revenue | $10,608 |
| 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 | $1,038,381 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,162,978 |
| Net assets without donor restrictions | $6,165,830 |
| Net assets with donor restrictions | $416,731 |
| 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 | $7,745,539 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that State Fair Of West Virginia Inc has recieved totaling $90,000.
| Awarding Organization | Amount |
|---|---|
Greater Kanawha Valley Foundation Charleston, WV PURPOSE: GENERAL SUPPORT | $70,000 |
Greater Greenbrier Valley Community Foundation Lewisburg, WV PURPOSE: OPERATIONS | $20,000 |
Endowment Analysis
| Beg. Balance | $423,930 |
| Earnings | -$55,951 |
| Admin Expense | $4,772 |
| Net Contributions | $53,524 |
| Ending Balance | $416,731 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chester County Food Bank Exton, PA | $14,718,999 | $9,745,576 |
State Fair Of West Virginia Inc Lewisburg, WV | $7,745,539 | $6,147,107 |
Foodservice Packaging Institute Inc Falls Church, VA | $4,132,737 | $3,111,855 |
Ohio Restaurant Assn Columbus, OH | $2,879,456 | $2,138,506 |
3-A Sanitary Standards Inc McLean, VA | $2,950,339 | $1,154,736 |
Mason County Fair Inc Point Pleasant, WV | $309,354 | $907,373 |
Common Market Mid-Atlantic Incorporated Philadelphia, PA | $1,938,202 | $6,499,769 |
Louisville Grows Inc Louisville, KY | $561,055 | $787,169 |
Urban Creators Philadelphia, PA | $367,166 | $665,737 |
Wine And Spirits Wholesalers Of Kentucky Louisville, KY | $1,342,471 | $862,988 |
Virginia Wine Wholesalers Association Richmond, VA | $373,636 | $571,039 |
Live Work Eat Gather Inc Blacksburg, VA | $196,616 | $510,912 |