Form 990 for tax year 2022

Filed by CENTRAL WASHINGTON FAIR ASSOCIATION.

Totals

Total revenue: $6,535,206
Total expenses: $5,567,890
Contributions and grants received: $244,151
Grants paid: $0
Program service revenue: $6,233,703
Investment income: $2,091
Other revenue: $55,261
Total assets, end of year: $6,553,430
Total liabilities, end of year: $624,837
Net assets or fund balances, end of year: $5,928,593
Program services expenses (Part IX): $4,364,342
Management and general expenses: $1,203,548
Fundraising expenses: $0
Program service expenses (Part III): $4,364,342

Program services were 78.4% 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.

1e · Government grants (contributions)

$237,901
1f · All other contributions, gifts and grants

$6,250
2a · Program service revenue: FAIR

total $4,367,346 · related or exempt $4,367,346
2b · Program service revenue: SUNDOME

total $1,169,981 · related or exempt $1,169,981
2c · Program service revenue: YAKIMA COUNTY STADIUM

total $696,376 · related or exempt $696,376
3 · Investment income

total $2,091 · excluded $2,091
6a · Gross rents

real property $7,918
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $7,918
6d · Net rental income or loss

total $7,918 · excluded $7,918
11a · Other revenue: OTHER INCOME

total $47,343 · excluded $47,343
11e · Other revenue, total

$47,343

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $228,956 · management and general $228,956
7 · Other salaries and wages

total $1,338,202 · program services $1,095,911 · management and general $242,291
8 · Pension plan contributions

total $29,585 · management and general $29,585
9 · Other employee benefits

total $110,734 · program services $78,174 · management and general $32,560
10 · Payroll taxes

total $160,509 · program services $113,878 · management and general $46,631
11b · Fees: legal

total $3,959 · management and general $3,959
11c · Fees: accounting

total $26,950 · management and general $26,950
12 · Advertising and promotion

total $962,922 · program services $947,354 · management and general $15,568
13 · Office expenses

total $444,277 · program services $294,068 · management and general $150,209
14 · Information technology

total $49,141 · management and general $49,141
16 · Occupancy

total $296,928 · program services $242,135 · management and general $54,793
17 · Travel

total $23,973 · management and general $23,973
20 · Interest

total $3,100 · management and general $3,100
22 · Depreciation, depletion and amortization

total $153,398 · program services $19,620 · management and general $133,778
23 · Insurance

total $188,023 · program services $154,469 · management and general $33,554
24a · Other expenses: DIRECT PROG EXPENSE

total $969,150 · program services $969,150
24b · Other expenses: OUTSIDE SERVICES

total $264,193 · program services $198,024 · management and general $66,169
24c · Other expenses: SECURITY

total $99,881 · program services $99,881
24d · Other expenses: PARKING

total $66,583 · program services $66,583
24e · All other expenses

total $147,426 · program services $85,095 · management and general $62,331

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $6,684 · end of year $13,650
2 · Savings and temporary cash investments

beginning of year $2,448,781 · end of year $3,480,911
4 · Accounts receivable

beginning of year $86,287 · end of year $259,991
9 · Prepaid expenses and deferred charges

beginning of year $48,422 · end of year $49,354
10a · Land, buildings and equipment: cost or other basis

$7,223,195
10b · Land, buildings and equipment: accumulated depreciation

$4,502,387
10c · Land, buildings and equipment, net

beginning of year $2,745,551 · end of year $2,720,808
15 · Other assets

beginning of year $25,650 · end of year $28,716
17 · Accounts payable and accrued expenses

beginning of year $172,968 · end of year $439,183
19 · Deferred revenue

beginning of year $10,100 · end of year $11,500
23 · Secured mortgages and notes payable

beginning of year $212,158 · end of year $174,154
27 · Net assets without donor restrictions

beginning of year $4,966,149 · end of year $5,928,593

Mission and programs · 2022

Mission

PRODUCE AN ANNUAL AGRICULTURAL FAIR AND DEVELOP YEAR-AROUND USE OF FACILITIES. WITH A COMMITMENT TO:- PRESERVE AND DEVELOP OUR HISTORIC GROUNDS AND YEAR-ROUND MULTI-USE FACILITIES; - OFFER QUALITY AND DIVERSITY OF ENTERTAINMENT, SPORTS, AND EDUCATION; - PROVIDE A SAFE, FRIENDLY, AND ENJOYABLE ENVIRONMENT; - ACKNOWLEDGE THE INVOLVEMENT OF DEDICATED PEOPLE AND GROUPS; - BUILD ON THE TRADITION OF OUR FIRST 100 YEARS FOR FUTURE GENERATIONS.

Activities or mission (Part I)

PRODUCE AN ANNUAL AGRICULTURAL FAIR AND DEVELOP YEAR-AROUND USE OF FACILITIES. WITH A COMMITMENT TO:- PRESERVE AND DEVELOP OUR HISTORIC GROUNDS AND YEAR-ROUND MULTI-USE FACILITIES;- OFFER QUALITY AND DIVERSITY OF ENTERTAINMENT, SPORTS, AND EDUCATION;- PROVIDE A SAFE, FRIENDLY, AND ENJOYABLE ENVIRONMENT;- ACKNOWLEDGE THE INVOLVEMENT OF DEDICATED PEOPLE AND GROUPS;- BUILD ON THE TRADITION OF OUR FIRST 100 YEARS FOR FUTURE GENERATIONS.

PRODUCE AN ANNUAL AGRICULTURAL FAIR AND DEVELOP YEAR-AROUND USE OF FACILITIES. WITH A COMMITMENT TO:PRESERVE AND DEVELOP OUR HISTORIC GROUNDS AND YEAR-ROUND MULTI-USE FACILITIES; OFFER QUALITY AND DIVERSITY OF ENTERTAINMENT, SPORTS, AND EDUCATION; PROVIDE A SAFE, FRIENDLY, AND ENJOYABLE ENVIRONMENT; ACKNOWLEDGE THE INVOLVEMENT OF DEDICATED PEOPLE AND GROUPS; BUILD ON THE TRADITION OF OUR FIRST 100 YEARS FOR FUTURE GENERATIONS.

Expenses $2,603,834 · Revenue $4,367,346
THE YAKIMA VALLEY SUNDOME WHICH HAVE A MAJOR ECONOMIC IMPACT FOR THE YAKIMA VALLEY. SUNDOME EVENTS INCLUDE CONCERTS, TRADESHOWS, WASHINGTON STATE INTERSCHOLASTIC ACTIVITIES ASSOCIATION STATE CHAMPIONSHIP GAMES AND COMPETITIONS, PROFESSIONAL RODEOS, LOCAL GRADUATIONS, AND LARGE GALA DINNERS.

Expenses $1,061,589 · Revenue $1,169,981
INTERIM EVENTS-NON SUNDOME & OTHER ACTIVITIES INCLUDE AREAS SUCH AS THE YAKIMA COUNTY STADIUM, THE MODERN LIVING BUILDING, PIONEER HALL, THE DIRT TRACK, AND THE STATE FAIR ROOM. OTHER ACTIVITIES ALSO INCLUDED OUR ANNUAL HOLIDAY LIGHT FEST AND OUR ANNUAL COMMUNITY 4TH OF JULY CELEBRATION. THE UNIQUE CHARACTERISTICS OF THE MANY HISTORICAL BUILDINGS AT STATE FAIR PARK HELP CREATE MEMORABLE EVENTS YEAR-ROUND.

Expenses $698,919 · Revenue $696,376

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Tom StokesTOM STOKES

CHAIR

Total calculated

$0

Hours/week

5
Lavonne BoogerdLAVONNE BOOGERD

VICE CHAIR

Total calculated

$0

Hours/week

5
Halley NewhouseHALLEY NEWHOUSE

SECRETARY

Total calculated

$0

Hours/week

5
Ignacio MarquezIGNACIO MARQUEZ

TREASURER

Total calculated

$0

Hours/week

5
Oscar ZapienOSCAR ZAPIEN

DIRECTOR

Total calculated

$0

Hours/week

5
Lon InabaLON INABA

DIRECTOR

Total calculated

$0

Hours/week

5
Trent MarquisTRENT MARQUIS

DIRECTOR

Total calculated

$0

Hours/week

5
Don WhitehouseDON WHITEHOUSE

DIRECTOR

Total calculated

$0

Hours/week

5
Vicki BakerVICKI BAKER

DIRECTOR

Total calculated

$0

Hours/week

5
Scott WagnerSCOTT WAGNER

DIRECTOR

Total calculated

$0

Hours/week

5
David HargreavesDAVID HARGREAVES

DIRECTOR (THRU 3/22)

Total calculated

$0

Hours/week

5
Kathleen M KramerKATHLEEN M KRAMER

PRESIDENT/CEO

Total calculated

$228,956

From this org

$212,222

From related orgs

$0

Other

$16,734

Hours/week

40

Schedule J breakdown matched by us

Base

$192,719

Bonus

$19,503

Other

$0

Deferred

$8,581

Nontaxable benefits

$8,153

Filer's total

$228,956

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

3 · Compensation committee
3 · Form 990 of other organizations
3 · Compensation survey or study
3 · Approval by the board or compensation committee
7 · Other non-fixed payments

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
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7: THE BONUS FOR THE PRESIDENT/CEO IS DETERMINED BY THE BOARD OF DIRECTORS AND IS BASED ON SEVERAL FACTORS INCLUDING THE OVERALL FINANCIAL PERFORMANCE OF THE ORGANIZATION, KEY METRICS, AND LEADERSHIP THROUGH DEVELOPING, TRAINING, AND MENTORING STAFF.

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: 2022
Filed: 23 August 2023
IRS schema version: 2022v5.0
Source object: 202312369349300711

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