Coosa Valley Fair Association Inc
- Assets
- $1.4m
- Revenue
- $295.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Rome, GA
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 58-6043884
Organization Overview
Coosa Valley Fair Association Inc is located in Rome, GA. The organization was established in 1999. 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. Coosa Valley Fair Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Coosa Valley Fair Association Inc generated $295.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $284.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. 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
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE AND OPERATE A REGIONAL FAIR WHICH PROVIDES COMMUNITY RECREATION AND VARIOUS AMATEUR COMPETITIONS, INCLUDING LIVESTOCK, ART,
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 2021 COOSA VALLEY FAIR, HELD OCTOBER 5-9, 2021, WAS ATTENDED BY APPROXIMATELY 80,000 PEOPLE FROM ROME, GA AND THE SURROUNDING AREA. A PORTION OF THE FAIR PROCEEDS ARE DONATED TO THE EXCHANGE CLUB OF ROME, GA TO FUND ITS CHARITABLE PROGRAMS OF SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jp Cooper President | OfficerTrustee | 2 | $0 |
Phil Burkhalter First Vice President | OfficerTrustee | 2 | $0 |
Joe Wade III Director | Trustee | 2 | $0 |
John Fortune Second Vice President | OfficerTrustee | 2 | $0 |
Bryan Shealy Secretary | OfficerTrustee | 2 | $0 |
Mike Elliott Past President | Trustee | 2 | $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 | $257,796 |
| Investment income | $851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,806 |
| 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 | $295,453 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,254 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,208 |
| Office expenses | $251 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,429 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,207 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $40,002 |
| All other expenses | $140,788 |
| Total functional expenses | $284,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,128 |
| Savings and temporary cash investments | $164,004 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $500 |
| 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 | $1,915 |
| Net Land, buildings, and equipment | $1,157,037 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,411,584 |
| Accounts payable and accrued expenses | $1,994 |
| Grants payable | $0 |
| Deferred revenue | $1,100 |
| 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 | $4,150 |
| Total liabilities | $7,244 |
| Net assets without donor restrictions | $1,404,340 |
| 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 | $1,411,584 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Florida Fair And Expositions Inc West Palm Beach, FL | $32,703,938 | $15,373,950 |
Liberty Bowl Festival Assn Memphis, TN | $2,194,602 | $10,839,086 |
Florida Strawberry Festival Inc Plant City, FL | $39,584,482 | $13,416,291 |
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 |