R W Fair Foundation
- Assets
- $28.0m
- Revenue
- $1.9m
- Investments
- $27.5m
- Employees
- 0
- Location
- Tyler, TX
- Founding
- 08/1960
- Data as of
- 12/2021
- EIN
- 75-6015270
Organization Overview
R W Fair Foundation is located in Tyler, TX. The organization was established in 1960. According to its NTEE Classification (N52) the organization is classified as: Fairs, 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. R W Fair 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 12/2021, R W Fair Foundation generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $968.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cassie Hollenshead Asst. Sec-Treas | 5 | $15,000 | |
Rachel Larson Sec/treasurer | 5 | $6,950 | |
Randy Roberts Vice President | 0 | $0 | |
Mel Lovelady Director | 0 | $0 | |
Tom Mullins Director | 0 | $0 | |
Ken Waits Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $63 |
| Dividends & Interest | $238,563 |
| Net Rental Income | $23,518 |
| Net Gain on Sale of Assets | $1,608,034 |
| Capital Gain Net Income | $1,608,034 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $56,141 |
| Total Revenue | $1,931,241 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,950 |
| Other employee salaries and wages | $6,976 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,973 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,923 |
| Total operating and administrative expenses | $215,760 |
| Contributions, gifts, grants paid | $752,258 |
| Total expenses and disbursements | $968,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,417 |
| Savings and temporary cash investments | $168,665 |
| Net Accounts receivable | $24,161 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,786 |
| Net Investments - land, buildings, equipment | $135,720 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,503 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $28,045,413 |
| Accounts payable and accrued expenses | $14,555 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,555 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Livestock Show & Rodeo Inc Houston, TX | $373,631,947 | $77,585,862 |
State Fair Of Texas Dallas, TX | $104,850,223 | $80,726,809 |
San Antonio Livestock Exposition Inc San Antonio, TX | $39,007,333 | $12,434,499 |
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 |