Waller County Fair Association
- Assets
- $2.8m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 2
- Location
- Hempstead, TX
- Founding
- 07/2007
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Waller County Fair Association generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 8.9% 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
2021
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 - $1,594,809
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Schollar 1st Pice President | OfficerTrustee | 0 | $0 |
Sharon Burger Parliamentarian | OfficerTrustee | 0 | $0 |
Sherry Roesner Secretary | OfficerTrustee | 0 | $0 |
Matt Hyatt President | Officer | 0 | $0 |
Jason Rymer Treasurer | Officer | 0 | $0 |
Dustin Standley Member At Large | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,425 |
| 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 | $5,425 |
| Total Program Service Revenue | $3,137,553 |
| Investment income | $642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $209,949 |
| 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 | -$62,763 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,290,806 |
| 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 | $35,449 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,643 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $175 |
| Fees for services: Accounting | $14,208 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $66,618 |
| Office expenses | $27,750 |
| Information technology | $10,027 |
| Royalties | $0 |
| Occupancy | $58,660 |
| Travel | $6,613 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $64,827 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $151,653 |
| Insurance | $50,177 |
| All other expenses | $149,303 |
| Total functional expenses | $2,757,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,933 |
| Savings and temporary cash investments | $670,426 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $239,517 |
| 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 | $0 |
| Total assets | $2,847,770 |
| Accounts payable and accrued expenses | $482 |
| Grants payable | $6,831 |
| 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 | $1,103,694 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,111,007 |
| Net assets without donor restrictions | $1,736,763 |
| 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 | $2,847,770 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Waller County Fair Association has recieved totaling $10,468.
| Awarding Organization | Amount |
|---|---|
Greater Houston Community Foundation Houston, TX PURPOSE: HUMAN SERVICES | $9,968 |
The Carl And Phyllis Detering Foundation Houston, TX PURPOSE: CHARITABLE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Livestock Show And Rodeo Educational Fund Houston, TX | $117,451,664 | $14,021,217 |
Earth Day Texas Inc Dallas, TX | $1,234,061 | $10,432,701 |
Bell County Expo Inc Belton, TX | $3,987,483 | $11,578,565 |
Albuquerque International Balloon Fiesta Inc Albuquerque, NM | $13,518,280 | $13,246,865 |
Gentilly Carnival Club Jefferson, LA | $3,366,886 | $4,740,044 |
Expo Center Of Taylor County Abilene, TX | $1,469,726 | $5,612,899 |
Arkansas Livestock Show Assoc Little Rock, AR | $4,870,203 | $5,931,539 |
Fairfield Village Community Inc Houston, TX | $4,878,144 | $5,460,075 |
International Association Of Venue Managers Inc Coppell, TX | $4,566,324 | $3,596,917 |
Petroleum Equipment Institute Tulsa, OK | $10,127,893 | $3,682,039 |
Austin County Fair Association Inc Bellville, TX | $2,038,389 | $3,840,084 |
Washington County Fair Association Brenham, TX | $1,247,052 | $3,262,876 |