Los Angeles County Fair Assn Fairgrounds
- Assets
- $119.9m
- Revenue
- $57.7m
- Investments
- $6.5m
- Employees
- 123
- Location
- Pomona, CA
- Founding
- 11/1942
- Data as of
- 12/2021
- EIN
- 95-1660585
Organization Overview
Los Angeles County Fair Assn Fairgrounds is located in Pomona, CA. The organization was established in 1942. 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, Los Angeles County Fair Assn Fairgrounds employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles County Fair Assn Fairgrounds is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Los Angeles County Fair Assn Fairgrounds generated $57.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $34.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.0%) 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
THE ASSOCIATION CONDUCTS THE ANNUAL LOS ANGELES COUNTY FAIR AND NUMEROUS EVENTS DURING THE YEAR WHICH ADVANCE AND PROMOTE AGRICULTURAL, HORTICULTURAL, VITICULTURAL, INDUSTRIAL, AND OTHER INTERESTS OF THE COUNTY OF LOS ANGELES AND THE STATE OF CALIFORNIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
YEAR-ROUND FAIR-TYPE EVENTS: LACFA RENTS ITS FACILITIES TO VARIOUS OUTSIDE PROMOTERS OF EVENTS WHICH INCLUDE EQUINE, HOME, CRAFT, MOTOR, ELECTRONIC, AND OTHER SHOWS. FOR THE BEGINNING OF 2021, THE GROUNDS CONTINUED TO BE SHUT DOWN TO PUBLIC EVENTS DUE TO COUNTY GUIDELINES RELATED TO COVID. IN MAY 2021, LACFA PIVOTED TO BECOME AN EMERGENCY INTAKE SITE FOR UNACCOMPANIED CHILDREN, WORKING TOGETHER WITH SEVERAL FEDERAL PROGRAMS AND AGENCIES.
LOS ANGELES COUNTY FAIR: THE LOS ANGELES COUNTY FAIR IS ONE THE LARGEST COUNTY FAIRS IN THE UNITED STATES. ITS PURPOSE IS TO ADVANCE AND PROMOTE THE AGRICULTURAL, HORTICULTURAL,INDUSTRIAL AND OTHER INTERESTS OF THE LOS ANGELES COUNTY THROUGH THE EXHIBITION OF LIVESTOCK, POULTRY, DAIRY PRODUCTS, HOUSEHOLD AND FINE ARTS, AND SCHOOL AND EDUCATIONAL EXHIBITS. DUE TO COVID RESTRICTIONS ACTIVITIES WERE RESTRICTED IN 2021. AS COUNTY COVID RESTRICTIONS WERE LIFTED, LACFA WAS ABLE TO REGROUP TO PUT ON A "MINI"VERSION OF THE FAIR IN SEPTEMBER "2021 BITE SIZE FAIR AND BRING BACK SOME YEAR-ROUND EVENTS SUCH AS ELF ON THE SHELF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Marquez Ceo/cfo | Officer | 40 | $377,914 |
Cielo Castro Chief Of Staff | Officer | 40 | $271,996 |
Barry Gillies Director Of Property Operations | 40 | $168,568 | |
Karen Furlow Controller | 40 | $145,218 | |
Geneva Moody Director Of Human Resources | 40 | $138,000 | |
Renee Hernandez Director Of Communications | 40 | $137,534 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Park West Landscape | 12/30/21 | $1,344,019 |
Amr Emt's | 12/30/21 | $1,251,320 |
Staffpro Janitorial Services | 12/30/21 | $4,211,245 |
Best Best & Krieger Llp Legal | 12/30/21 | $202,656 |
Wells Fargo Commercial Operations Legal-bond | 12/30/21 | $184,370 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,756 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,756 |
| Total Program Service Revenue | $32,593,659 |
| Investment income | $9,608 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,122,870 |
| Net Gain/Loss on Asset Sales | -$27,571 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,689,315 |
| 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. | $782,940 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,814,836 |
| Pension plan accruals and contributions | $36,210 |
| Other employee benefits | $738,535 |
| Payroll taxes | $344,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $714,323 |
| Fees for services: Accounting | $97,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,550,278 |
| Advertising and promotion | $451,420 |
| Office expenses | $60,161 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,295,778 |
| Travel | $13,096 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,829,699 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,966,338 |
| Insurance | $922,223 |
| All other expenses | -$43,392,002 |
| Total functional expenses | $34,865,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,651,777 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,908,206 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $47,862 |
| Prepaid expenses and deferred charges | $537,294 |
| Net Land, buildings, and equipment | $75,819,751 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,471,962 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,444,941 |
| Total assets | $119,881,793 |
| Accounts payable and accrued expenses | $3,376,570 |
| Grants payable | $0 |
| Deferred revenue | $3,363,145 |
| Tax-exempt bond liabilities | $24,255,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $28,545,318 |
| Unsecured mortgages and notes payable | $10,886,286 |
| Other liabilities | $3,461,403 |
| Total liabilities | $73,887,722 |
| Net assets without donor restrictions | $45,994,071 |
| 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 | $119,881,793 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pasadena Tournament Of Roses Assn Pasadena, CA | $56,404,903 | $107,454,325 |
Los Angeles County Fair Assn Fairgrounds Pomona, CA | $119,881,793 | $57,689,315 |
Alameda County Agricultural Fair Association Pleasanton, CA | $25,128,920 | $22,272,124 |
San Mateo County Expostion And Fair Association San Mateo, CA | $12,291,623 | $16,007,611 |
San Diego Comic Convention San Diego, CA | $43,401,363 | $7,260,590 |
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 |