Alaska State Fair Incorporated
- Assets
- $8.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 243
- Location
- Palmer, AK
- Founding
- 07/1995
- Data as of
- 12/2020
- EIN
- 92-0027358
Organization Overview
Alaska State Fair Incorporated is located in Palmer, AK. The organization was established in 1995. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Alaska State Fair Incorporated employed 243 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska State Fair Incorporated 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 12/2020, Alaska State Fair Incorporated generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE FACILITIES AND ACTIVITIES FOR AN AGRICULTURAL AND EDUCATIONAL FAIR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE THE FACILITIES AND ACTIVITIES FOR AN AGRICULTURAL AND EDUCATIONAL FAIR IN THE STATE OF ALASKA FOR 12 DAYS EACH YEAR (2021 ATTENDANCE: 305,428)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerome Hertel Executive Director | Officer | 40 | $117,573 |
Kristy Bernier President | OfficerTrustee | 4 | $1,845 |
John Harkey Treasurer | OfficerTrustee | 4 | $1,420 |
Aryne Randall Director | Trustee | 3 | $1,370 |
Jason Ortiz Vice President June-Dec | OfficerTrustee | 4 | $1,345 |
Sheron Patrick Secretary | OfficerTrustee | 4 | $1,345 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cyber Corps Inc Entertainment | 12/30/21 | $300,000 |
Portugal The Man Inc Entertainment | 12/30/21 | $211,162 |
Creative Lighting & Sound Audio Production Services | 12/30/21 | $184,038 |
Starplex Corporation Security | 12/30/21 | $507,340 |
Juan Fiesta Corp Entertainment | 12/30/21 | $183,209 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,741,851 |
| Investment income | $80 |
| 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 | $1,541 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,404,667 |
| 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. | $113,655 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $881,067 |
| Pension plan accruals and contributions | $33,934 |
| Other employee benefits | $0 |
| Payroll taxes | $80,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,368 |
| Fees for services: Accounting | $11,657 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $103,865 |
| Advertising and promotion | $27,370 |
| Office expenses | $10,789 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $190 |
| Travel | $15,628 |
| 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 | $436,021 |
| Insurance | $431,900 |
| All other expenses | $0 |
| Total functional expenses | $3,010,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,532,888 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,370 |
| 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 | $97,188 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $184 |
| Total assets | $8,149,626 |
| Accounts payable and accrued expenses | $105,976 |
| Grants payable | $0 |
| Deferred revenue | $417,100 |
| 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 | $523,076 |
| 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 | $7,626,550 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Alaska State Fair Incorporated has recieved totaling $60,500.
| Awarding Organization | Amount |
|---|---|
The Valley Hospital Association Inc Wasilla, AK PURPOSE: PROGRAM SUPPORT & DEVELOPMENT/SPONSORSHIP | $50,500 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Apa-The Engineered Wood Association Tacoma, WA | $20,196,458 | $14,789,025 |
Northwest Washington Fair Association Lynden, WA | $12,865,424 | $5,217,774 |
Central Washington Fair Association Yakima, WA | $5,361,375 | $6,100,925 |
Seafair Seattle, WA | $1,153,847 | $3,813,389 |
Alaska State Fair Incorporated Palmer, AK | $8,149,626 | $2,404,667 |
Benton-Franklin- Fair Association Pasco, WA | $1,054,097 | $3,211,826 |
Greater Anchorage Inc Anchorage, AK | $230,179 | $480,607 |
Benevolent & Protective Order Of Elks Of The Usa Fairbanks, AK | $1,063,303 | $387,285 |
Enumclaw Expo And Events Association Enumclaw, WA | $803,145 | $800,398 |
Skamania Co Fair Board Inc Stevenson, WA | $161,586 | $474,658 |
Southeast Alaska State Fair Inc Haines, AK | $1,450,595 | $327,648 |
Salaam Cultural Center Seattle, WA | $62,510 | $375,923 |