Form 990 for tax year 2023

Filed by CENTRAL WASHINGTON FAIR ASSOCIATION.

Totals

Total revenue: $5,871,840
Total expenses: $5,320,864
Contributions and grants received: $99,362
Grants paid: $0
Program service revenue: $5,670,176
Investment income: $86,872
Other revenue: $15,430
Total assets, end of year: $6,863,662
Total liabilities, end of year: $384,093
Net assets or fund balances, end of year: $6,479,569
Program services expenses (Part IX): $4,107,842
Management and general expenses: $1,213,022
Fundraising expenses: $0
Program service expenses (Part III): $4,107,842

Program services were 77.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1c · Fundraising events

$64,362
1f · All other contributions, gifts and grants

$35,000
2a · Program service revenue: FAIR

total $4,022,939 · related or exempt $4,022,939
2b · Program service revenue: SUNDOME

total $912,045 · related or exempt $912,045
2c · Program service revenue: YAKIMA COUNTY STADIUM

total $735,192 · related or exempt $735,192
3 · Investment income

total $86,872 · excluded $86,872
6a · Gross rents

real property $14,590
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $14,590
6d · Net rental income or loss

total $14,590 · excluded $14,590
8a · Fundraising events: gross income

$8,600
8a · Fundraising events: contributions included on line 1c

$64,362
8b · Fundraising events: direct expenses

$31,882
8c · Net income from fundraising events

total -$23,282 · excluded -$23,282
11a · Other revenue: OTHER INCOME

total $24,122 · excluded $24,122
11e · Other revenue, total

$24,122

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $223,604 · management and general $223,604
7 · Other salaries and wages

total $1,447,845 · program services $1,178,579 · management and general $269,266
8 · Pension plan contributions

total $31,254 · management and general $31,254
9 · Other employee benefits

total $100,515 · program services $71,026 · management and general $29,489
10 · Payroll taxes

total $175,507 · program services $122,285 · management and general $53,222
11b · Fees: legal

total $4,540 · management and general $4,540
11c · Fees: accounting

total $16,400 · management and general $16,400
12 · Advertising and promotion

total $834,774 · program services $819,901 · management and general $14,873
13 · Office expenses

total $426,663 · program services $315,178 · management and general $111,485
14 · Information technology

total $48,622 · management and general $48,622
16 · Occupancy

total $253,334 · program services $206,670 · management and general $46,664
17 · Travel

total $14,355 · management and general $14,355
20 · Interest

total $1,506 · management and general $1,506
22 · Depreciation, depletion and amortization

total $157,089 · program services $19,620 · management and general $137,469
23 · Insurance

total $225,108 · program services $182,493 · management and general $42,615
24a · Other expenses: DIRECT PROG EXPENSE

total $810,582 · program services $810,582 · management and general $0
24b · Other expenses: OUTSIDE SERVICES

total $225,110 · program services $140,637 · management and general $84,473
24c · Other expenses: SECURITY

total $110,447 · program services $106,515 · management and general $3,932
24d · Other expenses: PARKING

total $60,780 · program services $60,780 · management and general $0
24e · All other expenses

total $152,829 · program services $73,576 · management and general $79,253

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $13,650 · end of year $10,800
2 · Savings and temporary cash investments

beginning of year $3,480,911 · end of year $3,938,246
4 · Accounts receivable

beginning of year $259,991 · end of year $35,768
9 · Prepaid expenses and deferred charges

beginning of year $49,354 · end of year $109,126
10a · Land, buildings and equipment: cost or other basis

$7,397,698
10b · Land, buildings and equipment: accumulated depreciation

$4,659,476
10c · Land, buildings and equipment, net

beginning of year $2,720,808 · end of year $2,738,222
15 · Other assets

beginning of year $28,716 · end of year $31,500
17 · Accounts payable and accrued expenses

beginning of year $439,183 · end of year $237,743
19 · Deferred revenue

beginning of year $11,500 · end of year $10,200
23 · Secured mortgages and notes payable

beginning of year $174,154 · end of year $136,150
27 · Net assets without donor restrictions

beginning of year $5,928,593 · end of year $6,479,569

Mission and programs · 2023

Mission

PRODUCE AN ANNUAL AGRICULTURAL FAIR AND DEVELOP YEAR-AROUND USE OF FACILITIES. (SEE SCHEDULE O)WITH A COMMITMENT TO:- PRESERVE AND DEVELOP OUR HISTORIC GROUNDS AND YEAR-ROUND MULTI-USE FACILITIES; - OFFER QUALITY AND DIVERSITY OF ENTERTAINMENT, SPORTS, AND EDUCATION; - PROVIDE A SAFE, FRIENDLY, AND ENJOYABLE ENVIRONMENT; - ACKNOWLEDGE THE INVOLVEMENT OF DEDICATED PEOPLE AND GROUPS; - BUILD ON THE TRADITION OF OUR FIRST 100 YEARS FOR FUTURE GENERATIONS.

Activities or mission (Part I)

PRODUCE AN ANNUAL AGRICULTURAL FAIR AND DEVELOP YEAR-AROUND USE OF FACILITIES. (SEE SCHEDULE O)WITH A COMMITMENT TO:- PRESERVE AND DEVELOP OUR HISTORIC GROUNDS AND YEAR-ROUND MULTI-USE FACILITIES;- OFFER QUALITY AND DIVERSITY OF ENTERTAINMENT, SPORTS, AND EDUCATION;- PROVIDE A SAFE, FRIENDLY, AND ENJOYABLE ENVIRONMENT;- ACKNOWLEDGE THE INVOLVEMENT OF DEDICATED PEOPLE AND GROUPS;- BUILD ON THE TRADITION OF OUR FIRST 100 YEARS FOR FUTURE GENERATIONS.

PRODUCE AN ANNUAL AGRICULTURAL FAIR AND DEVELOP YEAR-AROUND USE OF FACILITIES. WITH A COMMITMENT TO:PRESERVE AND DEVELOP OUR HISTORIC GROUNDS AND YEAR-ROUND MULTI-USE FACILITIES; OFFER QUALITY AND DIVERSITY OF ENTERTAINMENT, SPORTS, AND EDUCATION; PROVIDE A SAFE, FRIENDLY, AND ENJOYABLE ENVIRONMENT; ACKNOWLEDGE THE INVOLVEMENT OF DEDICATED PEOPLE AND GROUPS; BUILD ON THE TRADITION OF OUR FIRST 100 YEARS FOR FUTURE GENERATIONS.

Expenses $2,559,904 · Revenue $4,022,939
THE YAKIMA VALLEY SUNDOME WHICH HAVE A MAJOR ECONOMIC IMPACT FOR THE YAKIMA VALLEY. SUNDOME EVENTS INCLUDE CONCERTS, TRADESHOWS, WASHINGTON STATE INTERSCHOLASTIC ACTIVITIES ASSOCIATION STATE CHAMPIONSHIP GAMES AND COMPETITIONS, PROFESSIONAL RODEOS, LOCAL GRADUATIONS, AND LARGE GALA DINNERS.

Expenses $857,306 · Revenue $912,045
INTERIM EVENTS-NON SUNDOME & OTHER ACTIVITIES INCLUDE AREAS SUCH AS THE YAKIMA COUNTY STADIUM, THE MODERN LIVING BUILDING, PIONEER HALL, THE DIRT TRACK, AND THE STATE FAIR ROOM. OTHER ACTIVITIES ALSO INCLUDED OUR ANNUAL HOLIDAY LIGHT FEST AND OUR ANNUAL COMMUNITY 4TH OF JULY CELEBRATION. THE UNIQUE CHARACTERISTICS OF THE MANY HISTORICAL BUILDINGS AT STATE FAIR PARK HELP CREATE MEMORABLE EVENTS YEAR-ROUND.

Expenses $690,632 · Revenue $735,192

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

KATHLEEN M KRAMER

PRESIDENT/CEO

Total calculated

$223,604

From this org

$208,656

From related orgs

$0

Other

$14,948

Hours/week

40

Schedule J breakdown matched by us

Base

$198,614

Bonus

$10,042

Other

$0

Deferred

$7,962

Nontaxable benefits

$6,986

Filer's total

$223,604
LAVONNE ORTH

CHAIR

Total calculated

$0

Hours/week

5
IGNACIO MARQUEZ

VICE CHAIR

Total calculated

$0

Hours/week

5
VICKI BAKER

SECRETARY

Total calculated

$0

Hours/week

5
SCOTT WAGNER

TREASURER

Total calculated

$0

Hours/week

5
TOM STOKES

DIRECTOR

Total calculated

$0

Hours/week

5
HALLEY NEWHOUSE

DIRECTOR

Total calculated

$0

Hours/week

5
OSCAR ZAPIEN

DIRECTOR

Total calculated

$0

Hours/week

5
DON WHITEHOUSE

DIRECTOR

Total calculated

$0

Hours/week

5
CHRIS CORRY

DIRECTOR

Total calculated

$0

Hours/week

5
ADAM DOLSEN

DIRECTOR

Total calculated

$0

Hours/week

5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

3 · Compensation committee
3 · Form 990 of other organizations
3 · Compensation survey or study
3 · Approval by the board or compensation committee
7 · Other non-fixed payments

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7: THE BONUS FOR THE PRESIDENT/CEO IS DETERMINED BY THE BOARD OF DIRECTORS AND IS BASED ON SEVERAL FACTORS INCLUDING THE OVERALL FINANCIAL PERFORMANCE OF THE ORGANIZATION, KEY METRICS, AND LEADERSHIP THROUGH DEVELOPING, TRAINING, AND MENTORING STAFF.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 25 October 2024
IRS schema version: 2023v5.1
Source object: 202442999349301324

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