Matagorda County Fair & Livestock Exposition Assn
- Assets
- $1.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Bay City, TX
- Founding
- 07/1991
- Data as of
- 06/2022
- EIN
- 74-6062588
Organization Overview
Matagorda County Fair & Livestock Exposition Assn is located in Bay City, TX. The organization was established in 1991. 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, Matagorda County Fair & Livestock Exposition Assn employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matagorda County Fair & Livestock Exposition Assn 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, Matagorda County Fair & Livestock Exposition Assn generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 1.4% per year over the past 6 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
AGRICULTURE EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AWARDS AND SCHOLARSHIPS TO ABOUT 350 YOUTH OF MATAGHORDA COUNTY THROUGH THEIR AGRICULTURE PROJECTS FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dustin O'connell President | Trustee | 10 | $0 |
Brian Busby 1st Vice Pres. | OfficerTrustee | 10 | $0 |
Chance Stone 2nd Vice Pres | OfficerTrustee | 10 | $0 |
Christy Brown Secretary/tres. | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,160 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,858 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,018 |
| Total Program Service Revenue | $1,059,311 |
| Investment income | $3,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $80,625 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,192,189 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,040,071 |
| 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 | $59,117 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,535 |
| Fees for services: Management | $1,870 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,939 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,033 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,087 |
| Insurance | $0 |
| All other expenses | $884 |
| Total functional expenses | $1,133,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $490,934 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,015 |
| 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 | $477,015 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $1,053,464 |
| Accounts payable and accrued expenses | $11,412 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $30,195 |
| Other liabilities | $0 |
| Total liabilities | $41,607 |
| Net assets without donor restrictions | $0 |
| 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 | $1,011,857 |
| Total liabilities and net assets/fund balances | $1,053,464 |