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← HUNT COUNTY FAIR ASSOCIATION INC

Form 990 for tax year 2023

Filed by HUNT COUNTY FAIR ASSOCIATION INC.

Totals

Total revenue
$1,562,533
Total expenses
$1,442,620
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$750,743
Investment income
$0
Other revenue
$811,790
Total assets, end of year
$897,023
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$897,023
Program services expenses (Part IX)
$1,401,689
Management and general expenses
$40,931
Fundraising expenses
$0
Program service expenses (Part III)
$1,401,689

Program services were 97.2% 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.

  • 2a · Program service revenue: ANNUAL COUNTY FAIR

    total $681,088 · related or exempt $681,088

  • 2b · Program service revenue: LIVESTOCK SHOW

    total $36,144 · related or exempt $36,144

  • 2c · Program service revenue: FACILITY RENTALS

    total $33,511 · related or exempt $33,511

  • 11a · Other revenue: CHAMPIONS SALES

    total $811,790 · related or exempt $811,790

  • 11e · Other revenue, total

    $811,790

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $35,518 · program services $5,518 · management and general $30,000

  • 10 · Payroll taxes

    total $3,117 · program services $484 · management and general $2,633

  • 11c · Fees: accounting

    total $6,055 · management and general $6,055

  • 11g · Fees: other

    total $324,506 · program services $324,506

  • 12 · Advertising and promotion

    total $23,704 · program services $23,704

  • 13 · Office expenses

    total $2,243 · management and general $2,243

  • 16 · Occupancy

    total $32,198 · program services $32,198

  • 22 · Depreciation, depletion and amortization

    total $44,909 · program services $44,909

  • 23 · Insurance

    total $47,782 · program services $47,782

  • 24a · Other expenses: MISCELLANEOUS - OTHER

    total $792,882 · program services $792,882

  • 24b · Other expenses: SUPPLIES - CREATIVE ART

    total $60,453 · program services $60,453

  • 24c · Other expenses: LIVESTOCK SHOW COSTS

    total $38,080 · program services $38,080

  • 24d · Other expenses: REPAIR & MAINTENANCE

    total $30,648 · program services $30,648

  • 24e · All other expenses

    total $525 · program services $525

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $535,248 · end of year $231,526

  • 2 · Savings and temporary cash investments

    beginning of year $24,987 · end of year $24,987

  • 10a · Land, buildings and equipment: cost or other basis

    $1,200,618

  • 10b · Land, buildings and equipment: accumulated depreciation

    $560,108

  • 10c · Land, buildings and equipment, net

    beginning of year $218,934 · end of year $640,510

  • 17 · Accounts payable and accrued expenses

    beginning of year $812 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,250 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $752,120 · end of year $872,036

  • 28 · Net assets with donor restrictions

    beginning of year $24,987 · end of year $24,987

Mission and programs · 2023

Mission

EDUCATIONAL AND COMMUNITY SERVICE RELATED TO THE ANNUAL HUNT COUNTY FAIR.

Activities or mission (Part I)

THE ORGANIZATION PURPOSE IS TO ADVANCE THE CIVIC, AGRICULTURE AND COMMERCIAL WELL BEING OF HUNT COUNTY, TEXAS THROUGH THE PUBLIC EDUCATIONAL AND COMMUNITY EVENT KNOWN AS THE HUNT COUNTY FAIR INCLUDING AGRICULTURE ACTIVITIES, ENTERTAINMENT FOR COMMUNITY PATRONS AND COMMERCIAL OPPORTUNITIES FOR HUNT COUNTY RESIDENTS.

  • OPERATION OF THE ANNUAL COUNTY FAIR FOR HUNT COUNTY TEXAS OFFERING SCHOOL AGE CHILDREN AN OPPORTUNITY FOR VENDORS AND PARTICIPANTS TO PROMOTE THEIR PRODUCTS OR PRESENT ITEMS FOR AWARDS AND SHOWING TO THE GENERAL PUBLIC AND TO PROVIDE AN ENTERTAINMENT VENUE FOR PARENTS, CHILDREN AND OTHERS FROM THE COUNTY AND OUTSIDE COUNTY RESIDENTS.

    Expenses $1,401,689 · Revenue $1,562,533

As filed on the 2023 return.

Listed in Part VII

  • Brad Pryor

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Colt Herron

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Daniel Parker

    VICE PRESIDENT

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202411359349307131

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