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Nonprofiteer
← SONOMA COUNTY FAIR FOUNDATION

Form 990 for tax year 2023

Filed by SONOMA COUNTY FAIR FOUNDATION.

Totals

Total revenue
$42,970
Total expenses
$169,734
Contributions and grants received
$701
Grants paid
$0
Program service revenue
$0
Investment income
$42,269
Other revenue
$0
Total assets, end of year
$3,440,242
Total liabilities, end of year
$20,000
Net assets or fund balances, end of year
$3,420,242
Program services expenses (Part IX)
$169,734
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$169,734

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $701

  • 3 · Investment income

    total $31,991 · excluded $31,991

  • 7a · Gross sales of assets other than inventory

    securities $10,278

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

    securities $0

  • 7c · Gain or loss

    securities $10,278

  • 7d · Net gain or loss

    total $10,278 · excluded $10,278

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $27,026 · program services $27,026

  • 22 · Depreciation, depletion and amortization

    total $121,681 · program services $121,681

  • 23 · Insurance

    total $2,577 · program services $2,577

  • 24a · Other expenses: OTHER

    total $18,450 · program services $18,450

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,119,668 · end of year $1,245,534

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

    $3,075,472

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

    $880,764

  • 10c · Land, buildings and equipment, net

    beginning of year $2,316,390 · end of year $2,194,708

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,000 · end of year $20,000

  • 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 $3,416,058 · end of year $3,420,242

Mission and programs · 2023

Mission

THE MISSION OF THE SONOMA COUNTY FAIR FOUNDATION IS TO RAISE AND STEWARD FUNDS TO SUPPORT FACILITY IMPROVEMENTS AND OTHER SPECIAL PROJECTS OF THE SONOMA COUNTY FAIR.

  • SARALEE AND RICHARD'S BARN IS A FUNDRAISING PROGRAM TO BRING A PERMANENT AGRICULTURE EDUCATION CENTER THAT WILL PROMOTE BETTER UNDERSTANDING OF AGRICULTURE, WHICH IN TURN PROVIDES SUPPORT FOR FARMERS AND RANCHERS. IN AN INCREASINGLY URBAN CULTURE, EDUCATING YOUTH ABOUT THE IMPORTANCE OF THE AGRICULTURE INDUSTRY AND HOW IT BRINGS FRESH FOOD TO THEIR TABLE DAILY IS MORE IMPORTANT THAN EVER.

    Expenses $169,734

As filed on the 2023 return.

Listed in Part VII

  • Pat Emery

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Les Perry

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Terry Lindley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Christine Margetts

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Ken Lafranchi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Summer Jeffus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Michael Margetts

    CHIEF FINANCIAL OFFICER

    Total calculated
    $227,508
    From this org
    $0
    From related orgs
    $146,040
    Other
    $81,468
    Hours/week
    3 + 37 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433179349308993

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