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Nonprofiteer
← ALASKA STATE FAIR INCORPORATED

Form 990 for tax year 2024

Filed by ALASKA STATE FAIR INCORPORATED.

Totals

Total revenue
$12,692,258
Total expenses
$10,951,412
Contributions and grants received
$997,177
Grants paid
$3,500
Program service revenue
$11,369,419
Investment income
$120,480
Other revenue
$205,182
Total assets, end of year
$17,544,302
Total liabilities, end of year
$1,605,366
Net assets or fund balances, end of year
$15,938,936
Program services expenses (Part IX)
$9,934,349
Management and general expenses
$1,017,063
Fundraising expenses
$0
Program service expenses (Part III)
$9,934,349

Program services were 90.7% 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.

  • 1b · Membership dues

    $13,700

  • 1f · All other contributions, gifts and grants

    $983,477

  • 1g · Noncash contributions included above

    $111,332

  • 2a · Program service revenue: GATE ADMISSIONS

    total $4,199,819 · related or exempt $4,199,819

  • 2b · Program service revenue: EVENT ADMISSIONS

    total $3,364,607 · related or exempt $3,364,607

  • 2c · Program service revenue: BEVERAGE SALES

    total $1,246,643 · related or exempt $1,246,643

  • 2d · Program service revenue: SPACE RENTAL

    total $1,163,878 · related or exempt $1,163,878

  • 2e · Program service revenue: VENDOR PERCENTAGE

    total $861,697 · related or exempt $861,697

  • 2f · All other program service revenue

    total $532,775 · related or exempt $416,974 · unrelated business $115,801

  • 3 · Investment income

    total $122,638 · excluded $122,638

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

    other assets $2,158

  • 7c · Gain or loss

    other assets -$2,158

  • 7d · Net gain or loss

    total -$2,158 · related or exempt -$2,158

  • 10a · Gross sales of inventory

    $134,230

  • 10b · Cost of goods sold

    $51,759

  • 10c · Net income from sales of inventory

    total $82,471 · related or exempt $82,471

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $118,812 · related or exempt $118,812

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $3,899 · related or exempt $3,899

  • 11e · Other revenue, total

    $122,711

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,500 · program services $3,500

  • 5 · Compensation of officers, directors and key employees

    total $235,812 · program services $181,662 · management and general $54,150

  • 7 · Other salaries and wages

    total $1,840,644 · program services $1,472,515 · management and general $368,129

  • 8 · Pension plan contributions

    total $49,980 · program services $39,984 · management and general $9,996

  • 10 · Payroll taxes

    total $180,374 · program services $144,299 · management and general $36,075

  • 11b · Fees: legal

    total $720 · program services $432 · management and general $288

  • 11c · Fees: accounting

    total $25,252 · program services $15,151 · management and general $10,101

  • 11g · Fees: other

    total $118,698 · program services $71,219 · management and general $47,479

  • 12 · Advertising and promotion

    total $290,010 · program services $290,010

  • 13 · Office expenses

    total $67,219 · program services $57,229 · management and general $9,990

  • 16 · Occupancy

    total $7,806 · program services $7,806

  • 17 · Travel

    total $84,624 · program services $29,132 · management and general $55,492

  • 22 · Depreciation, depletion and amortization

    total $525,328 · program services $420,263 · management and general $105,065

  • 23 · Insurance

    total $680,902 · program services $578,767 · management and general $102,135

  • 24a · Other expenses: GUEST ENTERTAINMENT

    total $3,637,295 · program services $3,637,295

  • 24b · Other expenses: SECURITY, PARKING, & GA

    total $651,856 · program services $651,856

  • 24c · Other expenses: UTILITIES

    total $475,439 · program services $380,351 · management and general $95,088

  • 24d · Other expenses: BEVERAGE EXPENSES

    total $410,975 · program services $410,975

  • 24e · All other expenses

    total $1,664,978 · program services $1,541,903 · management and general $123,075

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,161,652 · end of year $5,771,188

  • 2 · Savings and temporary cash investments

    beginning of year $2,038,659 · end of year $3,169,465

  • 4 · Accounts receivable

    beginning of year $27,482 · end of year $71,885

  • 9 · Prepaid expenses and deferred charges

    beginning of year $198,406 · end of year $230,808

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

    $22,366,336

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

    $14,065,380

  • 10c · Land, buildings and equipment, net

    beginning of year $8,382,101 · end of year $8,300,956

  • 17 · Accounts payable and accrued expenses

    beginning of year $432,875 · end of year $1,406,348

  • 19 · Deferred revenue

    beginning of year $177,335 · end of year $199,018

  • 27 · Net assets without donor restrictions

    beginning of year $14,175,680 · end of year $15,901,132

  • 28 · Net assets with donor restrictions

    beginning of year $22,410 · end of year $37,804

Mission and programs · 2024

Mission

PRODUCE A TRADITIONAL STATE FAIR WHICH EDUCATES AND ENTERTAINS FAIRGOERS; PROVIDE STABLE FINANCES THROUGH GOOD BUSINESS PRACTICES, STATEWIDE OUTREACH, PARTNERSHIPS AND HOSTING A VARIETY OF COMMUNITY, CULTURAL, AND BUSINESS EVENTS.

Activities or mission (Part I)

TO PROVIDE THE FACILITIES AND ACTIVITIES FOR AN AGRICULTURAL AND EDUCATIONAL FAIR.

  • PROVIDING FACILITIES AND ACTIVITIES FOR AN AGRICULTURAL AND EDUCATIONAL FAIR IN THE STATE OF ALASKA. THE FAIR PROVIDES HIGH QUALITY CONCERTS, MOTORCROSS EVENTS, RODEO, LOCAL ENTERTAINMENT AND TALENT PERFORMANCES, COMPETITIVE EVENTS, AND EDUCATIONAL EXHIBITS FOR ALL ALASKANS TO ENJOY. THE STATE FAIR RUNS FOR 14 DAYS EACH YEAR (2024 ATTENDANCE: 370,485), HOLDS 5 WINTER EVENTS, PROVIDES WINTER STORAGE OF VEHICLES, AS WELL AS HOSTS MORE THAN 65 RENTALS ON THE GROUNDS THROUGHOUT THE YEAR.

    Expenses $9,934,349 · Grants $3,500 · Revenue $11,456,642

As filed on the 2024 return.

Listed in Part VII

  • JOHN HARKEY

    PRESIDENT

    Total calculated
    $1,785
    From this org
    $1,785
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • JASON ORTIZ

    VICE PRESIDENT

    Total calculated
    $1,315
    From this org
    $1,315
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • CODY BEUS

    SECRETARY

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • ARYNE RANDALL

    TREASURER

    Total calculated
    $970
    From this org
    $970
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • JON MARC PETERSEN

    DIRECTOR

    Total calculated
    $1,215
    From this org
    $1,215
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • CAROL KENLEY

    DIRECTOR

    Total calculated
    $1,215
    From this org
    $1,215
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • WILLIAM FISCHER

    DIRECTOR

    Total calculated
    $1,035
    From this org
    $1,035
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • JEFFREY CURTIS

    CEO

    Total calculated
    $235,883
    From this org
    $227,077
    From related orgs
    $0
    Other
    $8,806
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,077
    Bonus
    $45,000
    Other
    $0
    Deferred
    $8,806
    Nontaxable benefits
    $0
    Filer's total
    $235,883

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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543189349315824

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