Salinas Valley Fair Heritage Foundation Inc
- Assets
- $888.2k
- Revenue
- $246.0k
- Investments
- $0.0
- Employees
- 0
- Location
- King City, CA
- Founding
- 03/2002
- Data as of
- 07/2021
- EIN
- 77-0587714
Organization Overview
Salinas Valley Fair Heritage Foundation Inc is located in King City, CA. The organization was established in 2002. 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. Salinas Valley Fair Heritage Foundation 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 07/2021, Salinas Valley Fair Heritage Foundation Inc generated $246.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $29.8k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (18.1%) 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
ORGANIZATION SUPPORTS THE 4-H AND FFA, CREATES AGRICULTURAL EDUCATION OPPORTUNITIES, AND PROMOTES PUBLIC AWARENESS AND SUPPORT FOR ONGOING PROJECTS SPONSORED BY THE SALINAS VALLEY FAIR IN MAINTAINING AND IMPROVING THE FACILITY TO SERVE THE NEEDS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS WERE UTILIZED DURING THE YEAR TO PAY FOR BUILDING IMPROVEMENTS AT THE FAIRGROUNDS, AND ALSO TO PROMOTE 4H AND FFA CLUBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mikel Ann Miller Treasurer | Officer | 6 | $0 |
Kim Tankersley Secretary | Officer | 6 | $0 |
Dennis Ing President | Officer | 6 | $0 |
Lexann Latasa Vice President | Officer | 6 | $0 |
Jessica Harris Director | Trustee | 2 | $0 |
Alex Romans Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,990 |
| Investment income | $403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,672 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,034 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $750 |
| 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 | $777 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $2,405 |
| All other expenses | $0 |
| Total functional expenses | $29,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,070 |
| Savings and temporary cash investments | $833,149 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $888,219 |
| 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 | $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 |
| Total liabilities and net assets/fund balances | $888,219 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Salinas Valley Fair Heritage Foundation Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Kirkorian Family Foundation Los Gatos, CA PURPOSE: PRESERVE AND ENRICH THE HERITAGE | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fairweather Foundation Minden, NV | $0 | $533,390 |
Southwestern Fair Commission Inc Tucson, AZ | $10,447,798 | $10,245,189 |
Sonoma County Fair & Exposition Inc Santa Rosa, CA | $17,626,127 | $9,756,365 |
Santa Clara County Fair Grounds Management Corporation Inc San Jose, CA | $6,944,822 | $8,647,044 |
California Hotel & Lodging Association Sacramento, CA | $2,645,077 | $3,327,105 |
Solano County Fair Association Vallejo, CA | $3,212,783 | $5,027,208 |
Palm Springs International Film Society Palm Springs, CA | $7,602,219 | $1,734,436 |
Christmas In The Park San Jose, CA | $1,177,728 | $2,488,885 |
San Joaquin County Junior Show And Auction Council Stockton, CA | $530,126 | $2,131,504 |
Butte County Fair Association Gridley, CA | $1,763,823 | $1,978,896 |
Salinas Valley Fair Inc King City, CA | $6,000,712 | $1,626,028 |
Tulare County Junior Livestock Show And Community Fair Porterville, CA | $2,751,501 | $2,048,801 |