Appalachian Fair Association Incorporated is located in Johnson City, TN. The organization was established in 1962. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Appalachian Fair Association Incorporated employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Appalachian Fair Association Incorporated 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 12/2021, Appalachian Fair Association Incorporated generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $926.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) 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
CONDUCT REGIONAL FAIR
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT REGIONAL FAIR
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Phil Booher Secretary/manager | OfficerTrustee | 40 | $69,998 |
Richard K Storey President | OfficerTrustee | 2 | $0 |
Cathy Byers Treasurer | OfficerTrustee | 2 | $0 |
Hal Range Vice President | OfficerTrustee | 2 | $0 |
Mike Cunningham Vice President | OfficerTrustee | 2 | $0 |
Preston Ayres Vice President | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $33,767 |
All other contributions, gifts, grants, and similar amounts not included above | $44,044 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $77,811 |
Total Program Service Revenue | $818,224 |
Investment income | $547 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $151,041 |
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 | $1,047,623 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $69,998 |
Compensation of current officers, directors, key employees. | $69,998 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $86,832 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $9,557 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,288 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $36,688 |
Office expenses | $33,772 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $129,527 |
Travel | $4,021 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $7,246 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $52,781 |
Insurance | $26,608 |
All other expenses | $10,600 |
Total functional expenses | $926,741 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $141,118 |
Savings and temporary cash investments | $121,870 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Net Land, buildings, and equipment | $1,134,370 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,397,358 |
Accounts payable and accrued expenses | $15,694 |
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 | $145,843 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $161,537 |
Net assets without donor restrictions | $1,235,821 |
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 | $1,397,358 |
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