Piedmont Interstate Fair Assn
- Assets
- $1.5m
- Revenue
- $482.2k
- Investments
- $0.0
- Employees
- 30
- Location
- Spartanburg, SC
- Founding
- 05/2000
- Data as of
- 11/2022
- EIN
- 57-0384832
Organization Overview
Piedmont Interstate Fair Assn is located in Spartanburg, SC. The organization was established in 2000. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 11/2022, Piedmont Interstate Fair Assn employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont Interstate Fair Assn 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 11/2022, Piedmont Interstate Fair Assn generated $482.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $407.0k during the year ending 11/2022. While expenses have increased by 1.3% 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
THE PIEDMONT INTERSTATE FAIR IS COMMITTED TO PROVIDING QUALITY ENTERTAINMENT TO ALL OF THE COMMUNITY, PROVIDING A FORUM FOR COMPETITIVE DISPLAYS OF LOCAL ARTISTS, INDUSTRY, AND AGRICULTURAL EXHIBITS, AND OFFERING EDUCATIONAL OPPORTUNITIES TO STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FAIR ASSOCIATION ANNUALLY CONDUCTS AN AREA FAIR THAT EDUCATES THE PIEDMONT AREA RESIDENTS IN MANY ASPECTS OF ANIMAL HUSBANDRY, AGRICULTURE, HORTICULTURE, AND COMMUNITY COMMERCE IN A FUN AND ENTERTAINING ATMOSPHERE THAT ATTRACTS A LARGE PORTION OF THE AREA POPULATION. THE FAIR SHOWCASES THE AGRICULTURAL AND INDUSTRIAL ACTIVITIES OF THE AREA. OVER 30,000 ATTENDED THE 2022 FAIR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Michels Exec. Direct | Officer | 40 | $43,640 |
Jp Baehr President | OfficerTrustee | 2 | $0 |
Rodney Bishop Director | Trustee | $0 | |
Derham Cole Director | Trustee | $0 | |
Randy George Vice Preside | OfficerTrustee | 1 | $0 |
Anna Voyles Hodge Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $468,740 |
| Investment income | $22,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,418 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $482,213 |
| 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. | $43,640 |
| Compensation of current officers, directors, key employees. | $6,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,390 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,396 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,736 |
| Fees for services: Other | $12,575 |
| Advertising and promotion | $30,694 |
| Office expenses | $3,714 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,058 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,309 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,761 |
| Insurance | $30,770 |
| All other expenses | $34,242 |
| Total functional expenses | $407,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $552,965 |
| Savings and temporary cash investments | $102,406 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $8,131 |
| Net Land, buildings, and equipment | $231,308 |
| Investments—publicly traded securities | $394,550 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $179,559 |
| Total assets | $1,468,919 |
| Accounts payable and accrued expenses | $8,676 |
| Grants payable | $0 |
| Deferred revenue | $5,550 |
| 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 | $14,226 |
| Net assets without donor restrictions | $1,454,693 |
| 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 | $1,468,919 |