Verde Valley Fair Association
- Assets
- $848.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 32
- Location
- Cottonwood, AZ
- Founding
- 07/1981
- Data as of
- 06/2021
- EIN
- 95-3551427
Organization Overview
Verde Valley Fair Association is located in Cottonwood, AZ. The organization was established in 1981. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Verde Valley Fair Association employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Verde Valley 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 06/2021, Verde Valley Fair Association generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $845.4k during the year ending 06/2021. While expenses have increased by 4.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING YOUTH DEVELOPMENT BY PROVIDING EDUCATIONAL & ENTERTAINING EVENTS AND OPERATIONS FOR THE FAIRGRAOUNDS FACILITIES YEAR ROUND TO SERVE THE COMMUNITY AND OFFER MULTIPURPOSE FACILITIES FOR PRIVATE AND PUBLIC EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL FAIR AND LIVESTOCK AUCTION, YOUTH ACTIVITIES. FACILITIES USED FOR THE BETTERMENT OF THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Taylor Vice President | Trustee | 0 | $0 |
Nate Jackson Secretary | Trustee | 0 | $0 |
Sonny Zale President | Trustee | 0 | $0 |
Kenny Porter Member | Trustee | 0 | $0 |
Claudia Schwisow Treasurer | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,710 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,503 |
| 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 | $45,281 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,065,761 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $125,528 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,325 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,581 |
| Office expenses | $2,761 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,314 |
| Travel | $282 |
| 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 | $17,652 |
| Insurance | $35,415 |
| All other expenses | $0 |
| Total functional expenses | $845,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360,044 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $149,485 |
| Total assets | $848,579 |
| Accounts payable and accrued expenses | $2,228 |
| 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 | $0 |
| Total liabilities | $2,228 |
| 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 | $846,351 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Verde Valley Fair Association has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Chauncey Foundation Wilmington, DE PURPOSE: 2020 JUNIOR LIVESTOCK AUCTION FUND | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Los Angeles County Fair Assn Fairgrounds Pomona, CA | $119,881,793 | $57,689,315 |
Western Stock Show Association Denver, CO | $82,529,482 | $49,917,896 |
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 |
Albuquerque International Balloon Fiesta Inc Albuquerque, NM | $13,518,280 | $13,246,865 |
Fairweather Foundation Minden, NV | $0 | $533,390 |
Southwestern Fair Commission Inc Tucson, AZ | $10,447,798 | $10,245,189 |
Utah State Fair Corporation Salt Lake City, UT | $6,943,836 | $8,118,734 |
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 |