Skip to content
Nonprofiteer
← STATE FAIR OF VIRGINIA INC

Form 990 for tax year 2024

Filed by STATE FAIR OF VIRGINIA INC.

Totals

Total revenue
$256,578
Total expenses
$121,976
Contributions and grants received
$151,387
Grants paid
$98,091
Program service revenue
$1,500
Investment income
$53,885
Other revenue
$49,806
Total assets, end of year
$1,321,462
Total liabilities, end of year
$538,055
Net assets or fund balances, end of year
$783,407
Program services expenses (Part IX)
$118,402
Management and general expenses
$3,574
Fundraising expenses
$0
Program service expenses (Part III)
$118,402

Program services were 97.1% 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

    $12,430

  • 1f · All other contributions, gifts and grants

    $138,957

  • 2a · Program service revenue: STATE FAIR ACTIVITIES

    total $1,500 · related or exempt $1,500

  • 3 · Investment income

    total $53,815 · related or exempt $53,815

  • 5 · Royalties

    total $52,365 · related or exempt $52,365

  • 7a · Gross sales of assets other than inventory

    securities $374,897

  • 7b · Less cost or other basis and sales expenses

    securities $374,827

  • 7c · Gain or loss

    securities $70

  • 7d · Net gain or loss

    total $70 · related or exempt $70

  • 8a · Fundraising events: gross income

    $12,950

  • 8a · Fundraising events: contributions included on line 1c

    $12,430

  • 8b · Fundraising events: direct expenses

    $15,509

  • 8c · Net income from fundraising events

    total -$2,559 · excluded -$2,559

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $98,091 · program services $98,091

  • 11a · Fees: management

    total $641 · management and general $641

  • 11f · Fees: investment management

    total $107 · management and general $107

  • 11g · Fees: other

    total $6,062 · program services $6,062

  • 13 · Office expenses

    total $3,518 · program services $3,518

  • 14 · Information technology

    total $1,726 · program services $1,726

  • 17 · Travel

    total $1,557 · management and general $1,557

  • 19 · Conferences, conventions and meetings

    total $521 · program services $452 · management and general $69

  • 24a · Other expenses: EVENT EXPENSES

    total $8,553 · program services $8,553

  • 24b · Other expenses: LICENSES & FEES

    total $1,200 · management and general $1,200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $166,138 · end of year $170,693

  • 2 · Savings and temporary cash investments

    beginning of year $653,635 · end of year $389,362

  • 3 · Pledges and grants receivable

    beginning of year $118,680 · end of year $33,617

  • 11 · Investments: publicly traded securities

    beginning of year $279,824 · end of year $721,912

  • 15 · Other assets

    beginning of year $6,585 · end of year $5,878

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,626

  • 18 · Grants payable

    beginning of year $522,802 · end of year $481,976

  • 25 · Other liabilities

    beginning of year $26,219 · end of year $56,079

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $653,215 · end of year $783,407

Mission and programs · 2024

Mission

TO EXPAND LEADERSHIP CAPACITY AND EDUCATIONAL OPPORTUNITIES FOR YOUTH PARTICIPANTS IN THE ANNUAL STATE FAIR OF VIRGINIA AND OTHER PROGRAMS AT THE MEADOW EVENT PARK. CONNECT PRODUCERS, TEACHERS, LEADERS, INDUSTRY AND BUSINESS IN AN EFFORT TO OFFER ENCOURAGEMENTAND RECOGNITION TO VIRGINIA'S YOUTH AS THEY PARTICIPATE IN COMPETITIONS AND EDUCATIONAL PROGRAMS.

Activities or mission (Part I)

TO INCREASE AGRICULTURAL AND NATURAL RESOURCE AWARENESS, INTEREST AND EDUCATION IN VIRGINIA THROUGH PROGRAMS, EXHIBITIONS AND COMPETITIONS INTEGRAL TO THE OPERATION OF THE STATE FAIR OF VIRGINIA.

  • THE PRIMARY VENUE OF SUCCESSFUL EXECUTION OF THE MISSION IS THE STATE FAIR OF VIRGINIA. THE 2024 STATE FAIR OF VIRGINIA ATTENDANCE OF APPROXIMATED 225,000.IN 2024, THE STATE FAIR OF VIRGINIA SCHOLARSHIP PROGRAM REWARDED 251 YOUNG PEOPLE FOR THEIR HARD WORK AND ACHIEVEMENT IN THIRTY-NINE SANCTIONED STATE FAIR COMPETITION AREAS THROUGH LIVESTOCK COMPETITIONS, 4-H & FFA COMPETITIONS, SKILLS USA, AND OTHER COMPETITIONS.

    Expenses $19,326 · Grants $98,091 · Revenue $107,750

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $99,076

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • M L Everett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35
  • Marlene Pierson-Joliffe

    VICE PRESIDENT, EXEC DIREC

    Total calculated
    $0
    Hours/week
    0.35 + 37.15 related
  • Leigh Pemberton

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.35
  • Lynwood D Broaddus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35
  • Dixie Watts-Dalton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35
  • Katie Frazier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35
  • Thomas Graves

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35
  • Robert Corley III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35
  • Ray Leonard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35
  • Don Horsley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35
  • Shane Horsley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35
  • Mike Gutter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35
  • Bobby Orrock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35
  • Bill Osl

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.35
  • Addison Gills

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35
  • Steve Criswell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35
  • Wayne Pryor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15
  • Andy Seibel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35
  • Rachel Henley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35
  • Susan Upshaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35
  • Bette Brand

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35
  • Andrew Vehorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35
  • Kathleen Early

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.15
  • David A Priddy

    TREASURER

    Total calculated
    $0
    Hours/week
    0.15

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.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • VIRGINIA FARM BUREAU HOLDING CORPORATION

    C · OPERATE AND MANAGE FAIRS AND EVENTS · VA

Provenance

Return type
form_990
Tax year
2024
Filed
11 March 2025
IRS schema version
2024v5.0
Source object
202500709349300125

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.