Island County Fair Association Inc
- Assets
- $322.3k
- Revenue
- $511.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Langley, WA
- Founding
- 07/2002
- Data as of
- 09/2022
- EIN
- 91-2079720
Organization Overview
Island County Fair Association Inc is located in Langley, WA. The organization was established in 2002. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island County Fair Association 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 09/2022, Island County Fair Association Inc generated $511.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $462.1k during the year ending 09/2022. While expenses have increased by 11.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PREPARATION AND PLANNING FOR THE WHIDBEY ISLAND FAIR WHICH OCCURS EVERY JULY. THE ANNUAL ATTENDANCE IS APPROXIMATELY 18,000
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hastings Vice President | OfficerTrustee | 2 | $0 |
Jason Kalk President | OfficerTrustee | 2 | $0 |
Estella Austin Director | OfficerTrustee | 2 | $0 |
Elise Gabelein Director | OfficerTrustee | 2 | $0 |
Nichole Buchanon Secretary | OfficerTrustee | 2 | $0 |
Virginia Keck Treasurer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $99,808 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,008 |
| Total Program Service Revenue | $351,043 |
| Investment income | $28,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $511,741 |
| 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 | $78,103 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,968 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,437 |
| Office expenses | $59,401 |
| 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 | $10,316 |
| All other expenses | $0 |
| Total functional expenses | $462,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,795 |
| Savings and temporary cash investments | $0 |
| 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 | $42 |
| Investments—publicly traded securities | $181,435 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $322,272 |
| 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 | $8,796 |
| Total liabilities | $8,796 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $313,476 |
| 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 | $322,272 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Island County Fair Association Inc has recieved totaling $84.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $84 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Deschutes County 4-H And Ffa Livestock Auction Association Redmond, OR | $109,552 | $1,703,648 |
Future Farmers Of America State Associations & Local Chapter Corvallis, OR | $417,761 | $1,309,548 |
Linn County Youth Livestock Auction Tangent, OR | $114,112 | $1,198,708 |
Crook County 4h And Ffa Livestock Sale Association Incorporated Powell Butte, OR | $121,684 | $1,114,707 |
Marion County Junior Livestock Auction Silverton, OR | $113,021 | $892,598 |
Oregon 4-H Foundation Corvallis, OR | $23,421,920 | $2,307,476 |
Future Farmers Of America State Associations & Local Chapter Puyallup, WA | $917,169 | $805,359 |
Clackamas County Junior Livestock A Uction Inc Canby, OR | $49,777 | $726,909 |
Lake County 4-H & Ffa Market Sale Committee Lakeview, OR | $50,662 | $607,255 |
Seattle Childrens Playgarden Seattle, WA | $928,059 | $641,834 |
Latah County 4h And Ffa Market Animal Sale Inc Moscow, ID | $10,122 | $465,515 |
Idaho Ffa Foundation Inc Star, ID | $917,319 | $494,143 |