Amarillo Tri-State Exposition
- Assets
- $4.9m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 18
- Location
- Amarillo, TX
- Founding
- 04/1985
- Data as of
- 12/2021
- EIN
- 75-0832456
Organization Overview
Amarillo Tri-State Exposition is located in Amarillo, TX. The organization was established in 1985. 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, Amarillo Tri-State Exposition employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amarillo Tri-State Exposition 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, Amarillo Tri-State Exposition generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) 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
AGRICULTURE AND EDCUATIONAL EXHIBITIONS. PROMOTION OF PUBLIC AWARENESS OF THE AG INDUSTRY AND MAINTENANCE OF PUBLIC FACILITIES FOR LIVESTOCK AND HOSRE SHOWS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMERCIAL EXHIBIT SPACES FOR EXHIBTORS, MIDWAY, AND FOOD AND DRINK CONCESSIONS FOR VISITORS. LIVESTOCK AND HORSE SHOWS AND INDIVIDUAL EXHIBITS PROMOTING AGRICULTURE AND EDUCATING THE PUBLIC, DURING AN EIGHT DAY EXPOSITION AND YEAR ROUND PROMOTION OF LIVESTOCK/HORSE EVENTS AND OTHER SHOWS FOR PUBLIC ENJOYMENT AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virgil Bartlett Gen. Mgr/sec | Officer | 40 | $114,538 |
Cody Chandler Treasurer | Officer | 5 | $0 |
Phyllis Nickum Treasurer El | Officer | 5 | $0 |
Trent Winings President El | Officer | 5 | $0 |
Jim Allison Executive Di | Trustee | 5 | $0 |
Johnny Johnson Executive Di | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,700 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,396 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,096 |
| Total Program Service Revenue | $2,652,725 |
| Investment income | $4,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $667,681 |
| 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 | $3,462,378 |
| 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. | $114,538 |
| Compensation of current officers, directors, key employees. | $53,390 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $685,361 |
| Pension plan accruals and contributions | $1,980 |
| Other employee benefits | $80,805 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,574 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $56,258 |
| Office expenses | $35,678 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,812 |
| Travel | $10,341 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,484 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $157,078 |
| Insurance | $77,108 |
| All other expenses | $679,570 |
| Total functional expenses | $2,647,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $982,757 |
| Savings and temporary cash investments | $996,552 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,927 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,213 |
| Prepaid expenses and deferred charges | $65,407 |
| Net Land, buildings, and equipment | $2,773,239 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,852,095 |
| Accounts payable and accrued expenses | $113,704 |
| Grants payable | $0 |
| Deferred revenue | $44,006 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $157,710 |
| 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 | $4,694,385 |
| Total liabilities and net assets/fund balances | $4,852,095 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Amarillo Tri-State Exposition has recieved totaling $16,602.
| Awarding Organization | Amount |
|---|---|
Kimble Foundation Trust Amarillo, TX PURPOSE: SCHOLARSHIP PROGRAM FOR LOCAL HIGH S | $10,000 |
Josephine Anderson Charitable Trust Amarillo, TX PURPOSE: OPERATING | $3,000 |
Garnier Edwin Albus Foundation Amarillo, TX PURPOSE: SCHOLARSHIPS, OTHER | $2,500 |
Paul F And Virginia J Engler Foundation Amarillo, TX PURPOSE: CALF SCRAMBLE PARTICIPANT T-SHIRTS | $1,095 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $7 |
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 |