Appalachian Fair Association Incorporated
- Assets
- $1.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 32
- Location
- Johnson City, TN
- Founding
- 12/1962
- Data as of
- 12/2022
- EIN
- 62-0693038
Organization Overview
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 12/2022, Appalachian Fair Association Incorporated employed 32 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 12/2022, Appalachian Fair Association Incorporated generated $1.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 1.9% per year over the past 5 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
2022
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard K Storey President | OfficerTrustee | 2 | $0 |
Cathy Byers Treasurer | OfficerTrustee | 2 | $0 |
Phil Booher Secretary/manager | OfficerTrustee | 40 | $70,640 |
Hal Range Vice President | OfficerTrustee | 2 | $0 |
Preston Ayres Vice President | OfficerTrustee | 2 | $0 |
Mike Cunningham Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $103,208 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,535 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,743 |
| Total Program Service Revenue | $1,074,623 |
| Investment income | $937 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $198,445 |
| 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 | $1,433,748 |
| 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. | $70,640 |
| Compensation of current officers, directors, key employees. | $70,640 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,239 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,834 |
| Office expenses | $47,462 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $153,059 |
| Travel | $17,323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,618 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,715 |
| Insurance | $36,952 |
| All other expenses | $14,585 |
| Total functional expenses | $1,129,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $361,790 |
| Savings and temporary cash investments | $158,203 |
| 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 | $1,146,642 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,666,635 |
| Accounts payable and accrued expenses | $4,764 |
| 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 | $121,492 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $126,256 |
| Net assets without donor restrictions | $1,540,379 |
| 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 | $1,666,635 |