Southwest Florida And Lee County Fair Assoc Inc
- Assets
- $1.9m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 39
- Location
- North Fort Myers, FL
- Founding
- 06/2010
- Data as of
- 06/2022
- EIN
- 59-6142649
Organization Overview
Southwest Florida And Lee County Fair Assoc Inc, operating under the name Association Inc, is located in North Fort Myers, FL. The organization was established in 2010. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Association Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 06/2022, Association Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $4.1m during the year ending 06/2022. While expenses have increased by 4.3% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION IS DEDICATED TO THE AGRICULTURAL AND HORTICULTURAL ADVANTAGES THAT ARE AVAILABLE THROUGH EDUCATIONAL AND INFORMATIVE SHOWCASES THAT FEATURE PARTICIPATING YOUTH FROM OUR COMMUNITY.
Describe the Organization's Program Activity:
THE ORGANIZATION PROVIDES THE SOUTHWEST FLORIDA COMMUNITY WITH WITH EDUCATIONAL AND INFORMATIVE SHOWCASES WHICH HIGHLIGHT AGRICULTURAL AND HORTICULTURAL ADVANTAGES. A MINIMUM OF 25,000 IN SCHOLARSHIPS, PREMIUMS, AND AWARDS ARE DISTRIBUTED ANNUALLY TO THE YOUTH THAT PARTICIPATE IN THE FAIR. THE ORGANIZATION SHOWCASES EXHIBITS FROM MANY OF THE SCHOOLS, 4-H, AS WELL AS PROMOTION OF LOCAL ARTIST IN THE COMMUNITY. SUPPORT OF OTHER CHARITABLE ORGANIZATIONS IS ALSO PROVIDED THROUGH USE OF FACILITIES AND ORGANIZATION OF EVENTS WHICH PROMOTE COMMUNITY INVOLVEMENT AND HORICULTURAL EDUCATION. THE ASSOCIATION IS ACTIVELY ENGAGED IN EVENTS TO BENEFIT A VARIETY OF YOUTH AND CIVIC ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Peak President | OfficerTrustee | 5 | $0 |
Gene Sims 1st Vice-Pre | OfficerTrustee | 5 | $0 |
Randy Collmer 2nd Vice-Pre | OfficerTrustee | 5 | $0 |
David Foote Treasurer | OfficerTrustee | 5 | $0 |
Tom Knafel Secretary | OfficerTrustee | 5 | $0 |
Marty Burnette Director | Trustee | 1 | $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 | $21,565 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,565 |
| Total Program Service Revenue | $4,531,721 |
| Investment income | $2,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $4,555,563 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,528 |
| Grants and other assistance to domestic individuals. | $9,100 |
| 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 | $547,593 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,629 |
| Payroll taxes | $44,490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $219,704 |
| Advertising and promotion | $66,523 |
| Office expenses | $91,928 |
| Information technology | $54,808 |
| Royalties | $0 |
| Occupancy | $255,522 |
| Travel | $52,442 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,101 |
| Interest | $7 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,244 |
| Insurance | $85,383 |
| All other expenses | $320,319 |
| Total functional expenses | $4,139,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,776 |
| Savings and temporary cash investments | $1,243,281 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,139 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,901 |
| Prepaid expenses and deferred charges | $8,862 |
| Net Land, buildings, and equipment | $314,146 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $23,900 |
| Other assets | $0 |
| Total assets | $1,940,005 |
| Accounts payable and accrued expenses | $38,406 |
| Grants payable | $0 |
| Deferred revenue | $86,802 |
| 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 | $12,656 |
| Total liabilities | $137,864 |
| Net assets without donor restrictions | $1,737,475 |
| Net assets with donor restrictions | $64,666 |
| 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 | $1,940,005 |
Grants Awarded
Over the last fiscal year, Southwest Florida And Lee County Fair Assoc Inc has awarded $17,470 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HARRY CHAPIN FOOD BANK OF SWFL PURPOSE: GENERAL SUPPORT | $7,470 |
ARABA TEMPLE PURPOSE: GENERAL SUPPORT | $10,000 |