Solano County Fair Association
- Assets
- $4.1m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 58
- Location
- Vallejo, CA
- Founding
- 06/1991
- Data as of
- 12/2022
- EIN
- 94-1328867
Organization Overview
Solano County Fair Association is located in Vallejo, CA. The organization was established in 1991. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Solano County Fair Association employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solano County Fair Association 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 12/2022, Solano County Fair Association generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. 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
SOLANO COUNTY FAIR ASSOCIATION IS AN ORGANIZATION ESTABLISHED IN 1946 TO CONDUCT THE ANNUAL COUNTY FAIR AND OVERSEE OPERATIONS OF THE COUNTY FAIRGROUNDS PROPERTY. THE ASSOCIATION HAS BEEN PROVIDING EDUCATIONAL, CULTURAL, ARTISTIC, COMMERCIAL AND RECREATIONAL PROGRAMS TO THE RESIDENTS OF SOLANO COUNTY. THE MISSION IS TO ENSURE A POSITIVE EXPERIENCE FOR THE PUBLIC BY PROVIDING A YEAR ROUND VENUE THAT SHOWCASES AND CELEBRATES THE WIDE VARIETY OF RESOURCES AND ACTIVITIES AVAILABLE TO OUR DIVERSE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION IS TREATED AS A COMPONENT UNIT OF SOLANO COUNTY AND PROVIDES AGRICULTURAL, EDUCATIONAL AND OTHER PROGRAMS AND SERVICES FOR THE BENEFIT OF THE PUBLIC AT LARGE.THE ASSOCIATION PUTS ON A FOUR DAY FAIR, MANAGES THE SATELLITE WAGERING FACILITY, AND A VARIETY OF OTHER EDUCATIONAL ACTIVITIES. AG DAY IS A ONE DAY EVENT IN WHICH ALL THIRD GRADERS IN SOLANO COUNTY ARE INVITED TO THE EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Ioakimedes CEO | Officer | 40 | $120,450 |
Stephen Hales COO | Officer | 40 | $107,988 |
Valerie Williams President | OfficerTrustee | 1 | $0 |
George Kennedy Vice President | OfficerTrustee | 1 | $0 |
Manuel Angel Treasurer | OfficerTrustee | 1 | $0 |
Lee Williams Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $226,412 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,503 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $251,915 |
| Total Program Service Revenue | $3,726,488 |
| Investment income | $2,301 |
| 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 | $3,980,704 |
| 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. | $228,438 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $324,707 |
| Pension plan accruals and contributions | $55,117 |
| Other employee benefits | $124,009 |
| Payroll taxes | $62,379 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $693,375 |
| Advertising and promotion | $21,035 |
| Office expenses | $46,488 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $368,002 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,705 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,282 |
| Insurance | $189,529 |
| All other expenses | $284,997 |
| Total functional expenses | $3,109,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,109,249 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $340,516 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,754 |
| Prepaid expenses and deferred charges | $185,541 |
| Net Land, buildings, and equipment | $386,046 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,600 |
| Other assets | $0 |
| Total assets | $4,051,706 |
| Accounts payable and accrued expenses | $33,205 |
| Grants payable | $0 |
| Deferred revenue | $7,174 |
| 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 | $2,558,557 |
| Total liabilities | $2,598,936 |
| Net assets without donor restrictions | $1,362,792 |
| Net assets with donor restrictions | $89,978 |
| 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 | $4,051,706 |