South Florida Fair And Expositions Inc
- Assets
- $38.3m
- Revenue
- $24.5m
- Investments
- $0.0
- Employees
- 510
- Location
- West Palm Beach, FL
- Founding
- 06/1953
- Data as of
- 06/2023
- EIN
- 59-0870057
Organization Overview
South Florida Fair And Expositions Inc is located in West Palm Beach, FL. The organization was established in 1953. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, South Florida Fair And Expositions Inc employed 510 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Florida Fair And Expositions 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 06/2023, South Florida Fair And Expositions Inc generated $24.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $19.2m during the year ending 06/2023. While expenses have increased by 3.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SOUTH FLORIDA FAIR AND PALM BEACH COUNTY EXPOSITIONS, INC. IS A NON-PROFIT CORPORATION WHOSE PURPOSE IS TO PRESERVE AND PROMOTE THE AGRICULTURAL, TRADE, ENTERTAINMENT AND HISTORICAL HERITAGE OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF THE SOUTH FLORIDA FAIR AND PALM BEACH COUNTY EXPOSITIONS, INC. IS TO PRODUCE THE ANNUAL SOUTH FLORIDA FAIR. THE FAIR IS A STATE CHARTERED DISTRICT AGRICULTURAL FAIR SHOWCASING THE SOUTH FLORIDA AREA. THE FAIR ACCEPTS ENTRIES INTO ITS AGRICULTURAL AND EDUCATIONAL COMPETITIONS FROM THE FIVE COUNTIES THAT IT IS CHARTERED TO SERVE: PALM BEACH, MARTIN, BROWARD, OKEECHOBEE AND HENDRY. WITH THE EVOLVING NATURE OF THE AGRICULTURAL INDUSTRY IN FLORIDA, WE ALSO ENCOURAGE YOUTH IN 18 FLORIDA COUNTIES TO BECOME INVOLVED IN OUR COMPETITIVE LIVESTOCK AND AGRICULTURE PROGRAMS. THROUGH THIS OUTREACH, WE HOPE TO PROMOTE THE GROWTH OF SUCH PROGRAMS THROUGHOUT FLORIDA. HIGHLIGHTS ARE A LIVESTOCK DISPLAY ENCOMPASSING OVER EIGHT ACRES, A YOUTH HORTICULTURAL DISPLAY, HUNDREDS OF YOUTH 4H AND FFA EXHIBITS AND SEVERAL PROGRAMS WHICH CONCENTRATE ON THE YOUTH OF OUR AREA THROUGH COOPERATION WITH THE LOCAL SCHOOL DISTRICT.THROUGHOUT THE REMAINDER OF THE CALENDAR YEAR, THE FAIRGROUNDS OFFERS ITS FACILITIES TO VARIOUS GROUPS AND ORGANIZATIONS WHOSE EMPHASIS IS THE BETTERMENT OF THE COMMUNITY, INCLUDING THE SCHOOL DISTRICT SCIENCE FAIR, THE SCHOOL DISTRICT'S COLLEGE AND CAREER NIGHTS, PALM BEACH COUNTY SHERIFF'S DEPARTMENT, FLORIDA NURSERY GROWER'S ASSOCIATION, AND THE DEPARTMENT OF AGRICULTURE TO NAME A FEW. THE FAIR ALSO PROVIDES SEVERAL EDUCATIONAL OPPORTUNITIES TO LOCAL ELEMENTARY SCHOOL STUDENTS. THESE INCLUDE SCHOOL TOURS HIGHLIGHTING THE HISTORY OF EARLY FLORIDA IN THE FAIR'S YESTERYEAR VILLAGE, SCHOOL TOURS OF THE FAIR'S EXTENSIVE AGRICULTURAL EXHIBITS DURING THE ANNUAL SOUTH FLORIDA FAIR, PROGRAMS IN EMBRIOLOGY AND A PROGRAM THAT ENCOURAGES STUDENTS TO READ BOOKS ABOUT AGRICULTURE OR WITH THEMES THAT CENTER ON AGRICULTURE. FINALLY, THE FAIR ASSISTS LOCAL YOUTH THROUGH ITS SCHOLARSHIP FUND, WHICH SINCE THE EARLY 1980'S, HAS SUPPLIED OVER $600,000 IN GRANTS TO WORTHWHILE STUDENTS. GRANTS PAID FOR THE CURRENT YEAR TOTALED $65,500.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Weisman Chair | OfficerTrustee | 5 | $0 |
Rebecca Isiminger Vice Chair | OfficerTrustee | 5 | $0 |
Theresa Lepore Treasurer | OfficerTrustee | 5 | $0 |
Paul Allen Secretary | OfficerTrustee | 5 | $0 |
Dennis Grady Immediate Past Chair | OfficerTrustee | 5 | $0 |
Mabel Datena Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wade Shows Inc Midway Rides | 6/29/23 | $2,032,316 |
Palm Beach County Sheriff's Department Security | 6/29/23 | $598,569 |
Stage & Sports Audio Stage Lighting & Sound | 6/29/23 | $334,443 |
Blaine Kern Artists Inc Entertainment (Parade Floats) | 6/29/23 | $247,600 |
Oklahoma Saved By Grace Security | 6/29/23 | $188,470 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,800 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,145 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,945 |
| Total Program Service Revenue | $22,867,095 |
| Investment income | $259,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $992,414 |
| Net Gain/Loss on Asset Sales | $230,024 |
| Net Income from Fundraising Events | $6,217 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,501,820 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $65,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $485,159 |
| Compensation of current officers, directors, key employees. | $169,806 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,504,199 |
| Pension plan accruals and contributions | $104,237 |
| Other employee benefits | $384,635 |
| Payroll taxes | $325,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $91,532 |
| Fees for services: Accounting | $61,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $883,453 |
| Office expenses | $671,440 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,276,260 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $230,364 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,454,561 |
| Insurance | $778,331 |
| All other expenses | $1,218,204 |
| Total functional expenses | $19,165,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,482,701 |
| Savings and temporary cash investments | $13,759,359 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,142,700 |
| 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 | $288,546 |
| Net Land, buildings, and equipment | $21,632,213 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,500 |
| Total assets | $38,307,019 |
| Accounts payable and accrued expenses | $974,798 |
| Grants payable | $0 |
| Deferred revenue | $454,830 |
| Tax-exempt bond liabilities | $5,533,025 |
| 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 | $6,962,653 |
| Net assets without donor restrictions | $31,292,370 |
| Net assets with donor restrictions | $51,996 |
| 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 | $38,307,019 |