Kansas Fairgrounds Foundation
- Assets
- $271.5k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Hutchinson, KS
- Founding
- 04/2004
- Data as of
- 12/2023
- EIN
- 75-3129856
Organization Overview
Kansas Fairgrounds Foundation is located in Hutchinson, KS. The organization was established in 2004. According to its NTEE Classification (W19) the organization is classified as: Support N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Kansas Fairgrounds Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas Fairgrounds Foundation 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, Kansas Fairgrounds Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 47.1% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. 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
TO FURTHER THE RENOVATION, CONSTRUCTION, PRESERVATION AND BEAUTIFICATION OF THE KANSAS STATE FAIRGROUNDS. TO HELP, ASSIST, PROMOTE, SUPPORT, MAINTAIN, ENHANCE, ENDOW AND ADVANCE THE INTEREST OF THE KANSAS STATE FAIR. TO ENCOURAGE EDUCATION OF THE PUBLIC ABOUT THE KANSAS STATE FAIR AND ITS PURPOSE AND ACTIVTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCT A NEW SPECIAL EVENTS VENUE, THE 1861 CLUB, WHICH WILL PROVIDE MORE THAN 13,000 SQUARE FEET OF MEETING & EVENT SPACE, AND WILL BE OPERATED BY THE FOUNDATION AS A FOOD AND BEVERAGE VENUE DURING THE KANSAS STATE FAIR AND OTHER NON-FAIR EVENTS.
FURTHER THE RENOVATION, CONSTRUCTION, PRESERVATION AND BEAUTIFICATION OF THE KANSAS STATE FAIRGROUNDS.
ACCEPT DONATIONS AND SPONSORSHIPS AND UTILIZE THEM TO PAY EXPENSES RELATED TO THE KANSAS STATE FAIR AND THE GRAND DRIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Fisher Executive Di | Officer | 45 | $79,800 |
Mary Mccurry Chair | OfficerTrustee | 1 | $0 |
Kate Evans Vice Chair | OfficerTrustee | 1 | $0 |
Sara Evans Secretary | OfficerTrustee | 1 | $0 |
Steve Dillon Treasurer | OfficerTrustee | 1 | $0 |
West Mcarthur Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $87,385 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $934,645 |
| Noncash contributions included in lines 1a–1f | $62,435 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,022,030 |
| Total Program Service Revenue | $104,910 |
| Investment income | $116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $125,860 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $317 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,253,233 |
| 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. | $79,800 |
| Compensation of current officers, directors, key employees. | $39,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,931 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,123 |
| Office expenses | $4,245 |
| Information technology | $2,683 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $771 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,658 |
| Interest | $13,781 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $23,388 |
| All other expenses | $34,445 |
| Total functional expenses | $1,826,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,616 |
| Savings and temporary cash investments | $163,894 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $271,510 |
| 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 | $436,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,403 |
| Total liabilities | $438,903 |
| 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 | -$167,393 |
| Total liabilities and net assets/fund balances | $271,510 |
Grants Awarded
Over the last fiscal year, Kansas Fairgrounds Foundation has awarded $175,282 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KANSAS STATE FAIR PURPOSE: CAPITAL & OP EXPENSE | $135,743 |
KANSAS STATE FAIR PURPOSE: INDUSTRIAL FANS | $29,542 |
KANSAS STATE FAIR PURPOSE: TABLES FOR EVENTS | $9,997 |