Salinas Valley Fair Inc
- Assets
- $7.4m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 50
- Location
- King City, CA
- Founding
- 03/1956
- Data as of
- 12/2022
- EIN
- 94-1347838
Organization Overview
Salinas Valley Fair Inc is located in King City, CA. The organization was established in 1956. 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, Salinas Valley Fair Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salinas Valley Fair 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 12/2022, Salinas Valley Fair Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 3.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SHOWCASE THE ANNUAL SALINAS VALLEY FAIR AND TO PROMOTE THE TALENT AND EDUCATION OF CITIZENS OF ALL AGES AND PROVIDE A YEAR ROUND SETTING FOR COMMUNITY SERVICE EVENTS AND CELEBRATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF ANNUAL SALINAS VALLEY FAIR UNDER THE CALIFORNIA STATE DIVISION OF FAIRS & EXPOSITIONS AND THE SALINAS VALLEY FAIR BOARD OF DIRECTORS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Hamilton CEO | 40 | $78,492 | |
Rick Grogan Head Of Maint | 40 | $51,445 | |
Hector Montoya Landscaping | 40 | $40,061 | |
Bernardo Martinez House Keeping | 40 | $35,642 | |
Jerica Hurtado Business Assistant | 40 | $29,347 | |
John Orradre Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,282,509 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,639 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,290,148 |
| Total Program Service Revenue | $1,259,083 |
| Investment income | $497 |
| 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 | $3,612,003 |
| 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 | $405,212 |
| Pension plan accruals and contributions | $8,400 |
| Other employee benefits | $102,618 |
| Payroll taxes | $31,821 |
| 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 | $31,879 |
| Advertising and promotion | $65,126 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,850 |
| 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 | $393,319 |
| Insurance | $84,309 |
| All other expenses | $0 |
| Total functional expenses | $2,266,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,224,402 |
| Savings and temporary cash investments | $320,674 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,421 |
| 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 | $5,758,530 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,075 |
| Total assets | $7,359,102 |
| Accounts payable and accrued expenses | $44,485 |
| 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 | $40,387 |
| Total liabilities | $84,872 |
| Net assets without donor restrictions | $7,274,230 |
| 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 | $7,359,102 |