Waller County Fair Association
- Assets
- $4.0m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Hempstead, TX
- Founding
- 07/2007
- Data as of
- 12/2022
- EIN
- 74-1481196
Organization Overview
Waller County Fair Association is located in Hempstead, TX. The organization was established in 2007. 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, Waller County Fair Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waller County Fair Association 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, Waller County Fair Association generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $3.3m during the year ending 12/2022. While expenses have increased by 11.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS MISSION IS TO PROVIDE AGRICULTURAL RELATED EDUCATION AND COLLEGE SCHOLARSHIPS FOR THE YOUTH OF WALLER COUNTY, TEXAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDED FOR EDUCATIONAL PROGRAMS AND COLLEGE FUNDING FOR LOCAL AREA STUDENTS. PROJECT PAYMENTS FOR STUDENTS - $1,626,215
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Neel Director At Large | Trustee | 0 | $0 |
Cannon Neel 2nd Vice President | Trustee | 0 | $0 |
Bobby Coursey Director At Large | Trustee | 0 | $0 |
Justin Pershall Director At Large | Trustee | 0 | $0 |
Dustin Standley Parliamentarian | OfficerTrustee | 0 | $0 |
Paul Schollar 1st Pice President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,650 |
| 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 | $1,650 |
| Total Program Service Revenue | $3,865,101 |
| Investment income | $1,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $140,935 |
| 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 | $28,894 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,038,440 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,880 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $64,624 |
| Office expenses | $12,696 |
| Information technology | $14,549 |
| Royalties | $0 |
| Occupancy | $119,802 |
| Travel | $10,175 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,150 |
| Interest | $60,534 |
| Payments to affiliates | $5,533 |
| Depreciation, depletion, and amortization | $138,190 |
| Insurance | $43,830 |
| All other expenses | $86,399 |
| Total functional expenses | $3,251,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,621 |
| Savings and temporary cash investments | $879,582 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $262,657 |
| 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 | $1,877,894 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $885,211 |
| Total assets | $3,958,965 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $4,764 |
| 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 | $1,430,787 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,435,551 |
| Net assets without donor restrictions | $2,523,414 |
| 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 | $3,958,965 |