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← WALLER COUNTY FAIR ASSOCIATION

Form 990 for tax year 2024

Filed by WALLER COUNTY FAIR ASSOCIATION.

Totals

Total revenue
$4,086,748
Total expenses
$4,162,676
Contributions and grants received
$751
Grants paid
$0
Program service revenue
$3,951,677
Investment income
$2,095
Other revenue
$132,225
Total assets, end of year
$7,801,092
Total liabilities, end of year
$3,421,376
Net assets or fund balances, end of year
$4,379,716
Program services expenses (Part IX)
$3,466,205
Management and general expenses
$696,471
Fundraising expenses
$0
Program service expenses (Part III)
$3,466,205

Program services were 83.3% 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

    $751

  • 2a · Program service revenue: FAIR, DERBY AND EXTRAV

    total $2,479,381 · related or exempt $2,479,381

  • 2b · Program service revenue: CAPITAL CONTRIBUTIONS

    total $857,048 · related or exempt $857,048

  • 2c · Program service revenue: OTHER AG FUNCTIONS

    total $615,248 · related or exempt $615,248

  • 3 · Investment income

    total $2,033 · related or exempt $2,033

  • 6a · Gross rents

    real property $146,805

  • 6b · Less rental expenses

    real property $32,366

  • 6c · Rental income or loss

    real property $114,439

  • 6d · Net rental income or loss

    total $114,439 · related or exempt $114,439

  • 7a · Gross sales of assets other than inventory

    other assets $2,000

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

    other assets $1,938

  • 7c · Gain or loss

    other assets $62

  • 7d · Net gain or loss

    total $62 · related or exempt $62

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $17,786 · related or exempt $17,786

  • 11e · Other revenue, total

    $17,786

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $22,426 · management and general $22,426

  • 10 · Payroll taxes

    total $1,716 · management and general $1,716

  • 11c · Fees: accounting

    total $30,924 · management and general $30,924

  • 11g · Fees: other

    total $23,344 · program services $100 · management and general $23,244

  • 12 · Advertising and promotion

    total $53,511 · program services $42,433 · management and general $11,078

  • 13 · Office expenses

    total $30,711 · program services $919 · management and general $29,792

  • 17 · Travel

    total $13,201 · program services $13,201

  • 20 · Interest

    total $72,829 · management and general $72,829

  • 22 · Depreciation, depletion and amortization

    total $649,084 · program services $649,084

  • 24a · Other expenses: LIVESTOCK AUCTION EXPEN

    total $1,649,407 · program services $1,649,407

  • 24b · Other expenses: AWARDS, GRANTS & SCHOLA

    total $281,708 · program services $269,462 · management and general $12,246

  • 24c · Other expenses: FACILITIES & EQUIPMENT

    total $233,295 · program services $15,975 · management and general $217,320

  • 24d · Other expenses: FAIR ENTERTAINMENT

    total $214,162 · program services $214,162

  • 24e · All other expenses

    total $886,358 · program services $611,462 · management and general $274,896

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $238,845 · end of year $216,422

  • 2 · Savings and temporary cash investments

    beginning of year $406,037 · end of year $424,945

  • 3 · Pledges and grants receivable

    beginning of year $1,635,051 · end of year $1,635,051

  • 4 · Accounts receivable

    beginning of year $126,666 · end of year $201,656

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

    $7,205,521

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

    $1,882,503

  • 10c · Land, buildings and equipment, net

    beginning of year $5,105,426 · end of year $5,323,018

  • 17 · Accounts payable and accrued expenses

    beginning of year $482 · end of year $3,167

  • 18 · Grants payable

    beginning of year $975 · end of year $975

  • 23 · Secured mortgages and notes payable

    beginning of year $3,039,940 · end of year $3,417,234

  • 27 · Net assets without donor restrictions

    beginning of year $2,835,577 · end of year $2,744,665

  • 28 · Net assets with donor restrictions

    beginning of year $1,635,051 · end of year $1,635,051

Mission and programs · 2024

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE AGRICULTURAL RELATED EDUCATION AND COLLEGE SCHOLARSHIPS FOR THE YOUTH OF WALLER COUNTY, TEXAS.

  • THE ASSOCIATION PROVIDED FOR EDUCATIONAL PROGRAMS AND COLLEGE FUNDING FOR LOCAL AREA STUDENTS.

    Expenses $3,466,205 · Revenue $4,085,997

As filed on the 2024 return.

Listed in Part VII

  • Samantha Want

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    0

  • David Gitilitz

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Jessica Borgstedt

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    0

  • Stephanie Whaley

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    0

  • Justin Pershall

    PARLIAMENTARIAN

    Total calculated
    $0
    Hours/week
    0

  • Cannon Neel

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Sherry Roesner

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Bobby Coursey

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Harry Leach

    TREASURER

    Total calculated
    $0
    Hours/week
    0

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
2024
Filed
22 June 2026
IRS schema version
2024v5.5
Source object
202601739349300410

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