Okefenokee Fair Assn
- Assets
- $545.7k
- Revenue
- $50.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Waycross, GA
- Founding
- 04/1962
- Data as of
- 06/2021
- EIN
- 58-0836315
Organization Overview
Okefenokee Fair Assn, operating under the name Okefenokee Fair Association Inc, is located in Waycross, GA. The organization was established in 1962. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Okefenokee Fair Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Okefenokee Fair Association 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 06/2021, Okefenokee Fair Association Inc generated $50.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $78.1k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS FOR THE WAYCROSS GEORGIA EXCHANGE CLUB, PROVIDE EDUCATIONAL OPPORTUNITIES IN AGRICULTURE FOR AREA CITIZENS. PROCEEDS ARE USED TO SUPPORT VARIOUS COMMUNITY SERVICE PROJECTS OF THE WAYCROSS GA EXCHANGE CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WAYCROSS GA EXCHANGE CLUB PROVIDES EDUCATIONAL OPPORTUNITIES IN AGICULTURE AND OTHER AREAS FOR AREA CITIZENS. PROCEEDS ARE USED TO SUPPORT VARIOUS COUMMITY SERVICE PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmy White Vice Pres.-Facilities | Officer | 3 | $2,277 |
James Stapleton President | Officer | 2 | $0 |
Burton Carter Immed. Past Pres. | Officer | 0.5 | $0 |
Carl James President-Elect | Officer | 1 | $0 |
William E Deason Treasurer | Officer | 3 | $0 |
Mary Fogle Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $42 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,241 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,800 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,433 |
| Statement of Expenses | |
|---|---|
| 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. | $2,277 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,506 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $760 |
| Office expenses | $313 |
| Information technology | $635 |
| Royalties | $0 |
| Occupancy | $36,171 |
| Travel | $0 |
| 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 | $19,323 |
| Insurance | $5,207 |
| All other expenses | $0 |
| Total functional expenses | $78,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,488 |
| Savings and temporary cash investments | $92,324 |
| 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 | $700 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $545,710 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| 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 | $425 |
| Total liabilities | $2,925 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $542,785 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami-Dade County Fair & Exposition Inc Miami, FL | $15,666,768 | $1,720,352 |
Cullasaja Club Inc Highlands, NC | $18,372,890 | $6,912,030 |
State Agricultural & Mechanical Society Of South Carolina Columbia, SC | $23,287,816 | $9,715,530 |
Southwest Florida And Lee County Fair Assoc Inc North Fort Myers, FL | $1,940,005 | $4,555,563 |
Friends Of The Festival Inc Chattanooga, TN | $2,789,360 | $3,355,227 |
Central Florida Fair Inc Orlando, FL | $10,116,384 | $5,172,204 |
Ye Mystic Krewe Of Gasparilla Tampa, FL | $6,049,396 | $2,796,531 |
Clay County Fair Association Inc Green Cove Springs, FL | $6,279,588 | $2,806,382 |
Pensacola Interstate Fair Inc Pensacola, FL | $4,285,068 | $3,576,986 |
Volusia County Fair Association Inc Deland, FL | $2,465,184 | $2,866,756 |
Sunbelt Agricultural Exposition Inc Moultrie, GA | $986,541 | $2,489,467 |
Fall For Greenville Inc Greenville, SC | $697,819 | $2,086,193 |