Manatee River Fair Association Inc
- Assets
- $5.5m
- Revenue
- $1.8m
- Investments
- $42.5k
- Employees
- 36
- Location
- Palmetto, FL
- Founding
- 06/1975
- Data as of
- 06/2023
- EIN
- 59-0908773
Organization Overview
Manatee River Fair Association Inc is located in Palmetto, FL. The organization was established in 1975. 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, Manatee River Fair Association Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manatee River Fair Association 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, Manatee River Fair Association Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 2.2% 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
ANNUAL AGRICULTURAL FAIR
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION OPERATES AN ANNUAL AGRICULTURAL FAIR FOR MANATEE COUNTY, FLORIDA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Wolfe Director | Trustee | 20 | $0 |
Kim Dalglish Chamber Representative | Trustee | 20 | $0 |
Dianna Baker Director | OfficerTrustee | 20 | $0 |
Hugh Taylor Assist Treas/director | OfficerTrustee | 20 | $0 |
Patrick Bryant President/director | OfficerTrustee | 20 | $0 |
Jim Parks Assist Sec/director | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,945 |
| 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 | $6,945 |
| Total Program Service Revenue | $1,770,738 |
| Investment income | $9,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $179 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,787,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,100 |
| 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 | $61,800 |
| Other salaries and wages | $199,534 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $397 |
| Fees for services: Other | $0 |
| Advertising and promotion | $69,428 |
| Office expenses | $29,077 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $165,695 |
| Travel | $1,213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,740 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $141,902 |
| Insurance | $88,742 |
| All other expenses | $99,943 |
| Total functional expenses | $1,639,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,098,488 |
| Savings and temporary cash investments | $5,315 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,522 |
| 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 | $25,015 |
| Net Land, buildings, and equipment | $4,341,356 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $42,549 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,516,245 |
| Accounts payable and accrued expenses | $10,800 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $16,567 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $248,892 |
| Total liabilities | $276,259 |
| Net assets without donor restrictions | $5,239,986 |
| 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 | $5,516,245 |