Miami-Dade County Fair & Exposition Inc
- Assets
- $15.7m
- Revenue
- $1.7m
- Investments
- $2.1m
- Employees
- 257
- Location
- Miami, FL
- Founding
- 06/1966
- Data as of
- 09/2020
- EIN
- 59-1039811
Organization Overview
Miami-Dade County Fair & Exposition Inc is located in Miami, FL. The organization was established in 1966. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Miami-Dade County Fair & Exposition Inc employed 257 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miami-Dade County Fair & Exposition 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 09/2020, Miami-Dade County Fair & Exposition Inc generated $1.7m 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 (28.3%) each year. All expenses for the organization totaled $8.6m during the year ending 09/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE ATTACHED
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES IN RELATION TO OPERATIONS OF A FAIR DESIGNED TO ENCOURAGE AGRICULTURAL ACTIVITIES AMONG THE YOUTH, COMMENCEMENT CEREMONIES FOR LOCAL SCHOOLS AND USE OF THE FACILITIES RELATED TO COVID TESTING DUE TO THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eduardo Cora President/ CEO | Officer | 40 | $136,350 |
Marguerite Morris Chairwoman | OfficerTrustee | 1 | $0 |
Georgina Gonzalez-Robiou Chairwoman Elect | OfficerTrustee | 1 | $0 |
Alexis Martinez Secretary | OfficerTrustee | 1 | $0 |
Robert Hevia Treasurer | OfficerTrustee | 1 | $0 |
Teresa Olczyk Board Member | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harmison Electric Group Inc Electric Contractor | 9/29/21 | $146,669 |
Eventstar Structures Corp Professional Service | 9/29/21 | $903,880 |
4sound Group Inc Audio & Video | 9/29/21 | $295,470 |
Floridian Partners Llc Lobbying & Consultin | 9/29/21 | $105,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,263 |
| Investment income | $107,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $743,887 |
| Net Gain/Loss on Asset Sales | $336,095 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,720,352 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $84,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,362,081 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,311,540 |
| Pension plan accruals and contributions | $95,923 |
| Other employee benefits | $482,976 |
| Payroll taxes | $181,219 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,686 |
| Fees for services: Accounting | $403,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,986 |
| Fees for services: Other | $0 |
| Advertising and promotion | $583,589 |
| Office expenses | $8,034 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $85,073 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,107 |
| Interest | $10,529 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,376,355 |
| Insurance | $385,172 |
| All other expenses | $0 |
| Total functional expenses | $8,583,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,943,563 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $607,316 |
| 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 | $955 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,107,926 |
| Investments—program-related | $250,689 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,666,768 |
| Accounts payable and accrued expenses | $1,710,586 |
| 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 | $1,050,872 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,250,000 |
| Total liabilities | $4,011,458 |
| 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 | $11,655,310 |
Grants Awarded
Over the last fiscal year, Miami-Dade County Fair & Exposition Inc has awarded $30,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Miami, FL PURPOSE: Exempt Purposes | $25,000 |
INFORMED FAMILIES - DADE COUNTY PURPOSE: EXEMPT PURPOSES | $5,500 |
Endowment Analysis
| Beg. Balance | $250,689 |
| Earnings | $67,169 |
| Admin Expense | $2,895 |
| Ending Balance | $314,963 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Florida Fair And Expositions Inc West Palm Beach, FL | $32,703,938 | $15,373,950 |
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 |
Southwest Florida And Lee County Fair Assoc Inc North Fort Myers, FL | $1,940,005 | $4,555,563 |
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 |
National Peanut Festival Assn Inc Dothan, AL | $12,226,185 | $2,754,478 |
Alabama National Fair Montgomery, AL | $1,396,624 | $1,744,335 |