Fannin County Mult-Purpose Complex Inc
- Assets
- $985.0k
- Revenue
- $175.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Bonham, TX
- Founding
- 05/2001
- Data as of
- 12/2023
- EIN
- 75-2896551
Organization Overview
Fannin County Mult-Purpose Complex Inc is located in Bonham, TX. The organization was established in 2001. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fannin County Mult-Purpose Complex Inc 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 12/2023, Fannin County Mult-Purpose Complex Inc generated $175.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $244.7k during the year ending 12/2023. While expenses have increased by 5.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MULTIPURPOSE COMPLEX IS THE SITE OF THE FANNIN COUNTY FAIR WHICH BENEFITS MANY OF THE CITIZENS OF FANNIN COUNTY AND PROVIDES MANY EDUCATIONAL BENEFITS TO THE STUDENTS OF FANNIN COUNTY SCHOOLS WHO PARTICIPATE IN LIVESTOCK SHOWS AND OTHER EDUCATIONAL ACTIVITIES. THE FACILITY HOSTS MULTIPLE FFA AND AGRI-LIFE EVENTS THAT DRAW SCHOOL KIDS AND ADULTS. THE FACILITY ALSO HOSTS MULTIPLE NON-PROFIT ENTITIES FOR BANQUETS AND FUNDRAISERS EACH YEAR. THE FACILITY ALSO HOSTS PROGRAMS FOR LOCAL SOCCER CLUBS FITNESS CLUBS AND SPORTS CLUB IN THE AREA EACH YEAR AT NO COST TO THE PARTICIPANTS. MANY OF OUR EVENTS ARE HOSTED AT NO CHARGE TO THE PARTICIPANTS PROVIDED THEY ARE ATTENDED BY A CROSS SECTION OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MULTI-PURPOSE COMPLEX FACILITY IS THE SITE OF THE FANNIN COUNTY FAIR WHICH BENEFITS MANY OF THE CITIZENS OF FANNIN COUNTY: AND PROVIDES MANY EDUCATIONAL BENEFITS TO THE STUDENTS OF FANNIN OCUNTY SCHOOLS WHO PARTICIPATE IN LIVESTOCK SHOWS AND OTHER EDUCATIONAL AND ACTIVITIES. USERS OF THE FACLITIY INCLUDE MANY EXEMPLT AND NOT-EXEMPT ORGAINZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Burnett Treasurer | OfficerTrustee | 0.5 | $0 |
Russell Green President | OfficerTrustee | 0.5 | $0 |
Chad Burnett Director | Trustee | 0.5 | $0 |
Joe Ward Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $173,682 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,300 |
| 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 | $174,992 |
| 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 | $55,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,249 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $541 |
| 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 | $4,746 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $106,636 |
| 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 | $50,542 |
| Insurance | $22,970 |
| All other expenses | $0 |
| Total functional expenses | $244,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,742 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,303 |
| 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 | $492,465 |
| Investments—publicly traded securities | $471,536 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $985,046 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $985,046 |
| 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 | $985,046 |