Santa Clara County Fair Grounds Management Corporation Inc
- Assets
- $6.5m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 20
- Location
- San Jose, CA
- Founding
- 06/1997
- Data as of
- 12/2023
- EIN
- 77-0399864
Organization Overview
Santa Clara County Fair Grounds Management Corporation Inc is located in San Jose, CA. The organization was established in 1997. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Santa Clara County Fair Grounds Management Corporation Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Clara County Fair Grounds Management Corporation 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, Santa Clara County Fair Grounds Management Corporation Inc generated $8.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $10.2m during the year ending 12/2023. While expenses have increased by 9.9% per year over the past 8 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
ORGANIZATION AND OPERATION OF SANTA CLARA COUNTY FAIR AND GROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPERTY MANAGEMENT THE CORPORATION ENTERS INTO A LICENSE AGREEMENT WITH LICENSEES FOR THE TEMPORARY USE OF A DESIGNATED LOCATION ON THE FAIRGROUNDS FOR A SPECIFIC TERM. THE LICENSEE AGREES TO PAY THE CORPORATION A MONTHLY LICENSE FEE IN CONNECTION WITH THE PERMITTED USE. THE CORPORATION ALSO COLLECTS A MONTHLY USE FEE FROM GUESTS FOR THE TEMPORARY USES OF A DESIGNATED SPACE IN THE RECREATIONAL VEHICLE LOCATION ON THE FAIRGROUNDS.
COUNTY FAIRTHE SANTA CLARA COUNTY FAIR BRINGS TOGETHER THE BEST OF THE PAST AND THE EXCITEMENT OF TODAY'S TECHNOLOGY IN PRESENTING ITS ANNUAL FAIR PROGRAMMING. THE 4H AND FFA ANIMAL EXHIBITS ALONG WITH MULTIPLE STILL EXHIBITS PROVIDES MUCH TO SEE BY YOUNG AND OLD ALIKE. IN ADDITION TO THE ABUNDANCE OF ENTERTAINMENT, THE CARNIVAL AND THE PRESENTATION OF AN INTERNATIONAL CUISINE OF FOODS PROVIDES SOMETHING FOR ALL INTEREST TO ENJOY AND SHARE.
OFF-TRACK BETTING SAN JOSE FAIRGROUNDS BRINGS THE EXCITEMENT OF LIVE HORSERACING VIA SATELLITE ON MULTIPLE VIDEO SCREENS, INCLUDING A FUN FILLED ENVIRONMENT FOR WAGERING ON YOUR FAVORITE HORSE WHILE ENJOYING DELICIOUS FOOD AND YOUR FAVORITE DRINK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Orin Mahoney Chair | OfficerTrustee | 3 | $0 |
Vicky Bosworth Vice Chair | OfficerTrustee | 3 | $0 |
David Bini Director | Trustee | 3 | $0 |
Martin Ucovich Director | Trustee | 3 | $0 |
Abraham Andrade Executive Director | Officer | 40 | $210,399 |
Sandy Shayesteh Director Of It, Hr, & Finance | Officer | 40 | $55,144 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Halcon Protection Agency Security | 12/30/23 | $1,803,265 |
Fastest Cleaning Services Grounds Maintenance | 12/30/23 | $866,831 |
Bay Area Plumbing Rooter Services Inc Plumbing | 12/30/23 | $220,898 |
Imperial Financial Services Accounting Services | 12/30/23 | $154,315 |
Juan Reyes Repair & Maintenance | 12/30/23 | $139,660 |
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 | $141,992 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,992 |
| Total Program Service Revenue | $7,153,192 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $8,421,063 |
| 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. | $332,917 |
| Compensation of current officers, directors, key employees. | $332,917 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,106,970 |
| Pension plan accruals and contributions | $64,921 |
| Other employee benefits | $444,013 |
| Payroll taxes | $103,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100,722 |
| Fees for services: Accounting | $49,828 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $677,631 |
| Advertising and promotion | $558,361 |
| Office expenses | $92,747 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,989,846 |
| Travel | $193,815 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,304 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $553,264 |
| Insurance | $185,743 |
| All other expenses | $180,902 |
| Total functional expenses | $10,200,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,119,439 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $914,624 |
| 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 | $90,577 |
| Net Land, buildings, and equipment | $3,378,257 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,115 |
| Total assets | $6,525,012 |
| Accounts payable and accrued expenses | $595,889 |
| 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 | $146,479 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $553,384 |
| Total liabilities | $1,295,752 |
| Net assets without donor restrictions | $5,229,260 |
| 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 | $6,525,012 |
Grants Awarded
Over the last fiscal year, Santa Clara County Fair Grounds Management Corporation Inc has awarded $37,106 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SILICON VALLEY PET PROJECT PURPOSE: GENERAL SUPPORT | $6,143 |
GSNRCTHE THULANI PROGRAM PURPOSE: GENERAL SUPPORT | $6,143 |
ATHLETIC EDGE PURPOSE: GENERAL SUPPORT | $14,820 |
OAK GROVE HIGH SCHOOL BAND PURPOSE: GENERAL SUPPORT | $7,560 |
SAN JOSE STATE PURPOSE: GENERAL SUPPORT | $2,440 |