Totals
- Total revenue
- $30,863,974
- Total expenses
- $26,402,162
- Contributions and grants received
- $66,885
- Grants paid
- $16,366
- Program service revenue
- $30,503,979
- Investment income
- $276,948
- Other revenue
- $16,162
- Total assets, end of year
- $53,791,873
- Total liabilities, end of year
- $6,850,427
- Net assets or fund balances, end of year
- $46,941,446
- Program services expenses (Part IX)
- $23,449,201
- Management and general expenses
- $2,952,961
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $23,449,201
Program services were 88.8% 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)
$66,885
-
2a · Program service revenue: FALL SHOW
total $26,616,075 · related or exempt $26,616,075
-
2b · Program service revenue: BUILDING AND GROUNDS RENTAL
total $3,887,904 · related or exempt $348,111 · unrelated business $3,539,793
-
3 · Investment income
total $244,259 · excluded $244,259
-
6a · Gross rents
real property $143,907
-
6b · Less rental expenses
real property $252,745
-
6c · Rental income or loss
real property -$108,838
-
6d · Net rental income or loss
total -$108,838 · unrelated business -$108,838
-
7a · Gross sales of assets other than inventory
securities $32,689
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $32,689
-
7d · Net gain or loss
total $32,689 · excluded $32,689
-
11a · Other revenue: MISC. REVENUE
total $125,000 · related or exempt $125,000
-
11e · Other revenue, total
$125,000
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $15,366 · program services $15,366
-
2 · Grants to domestic individuals
total $1,000 · program services $1,000
-
5 · Compensation of officers, directors and key employees
total $703,752 · program services $560,703 · management and general $143,049
-
7 · Other salaries and wages
total $4,751,852 · program services $3,929,009 · management and general $822,843
-
8 · Pension plan contributions
total $328,048 · management and general $328,048
-
9 · Other employee benefits
total $102,181 · management and general $102,181
-
10 · Payroll taxes
total $373,500 · management and general $373,500
-
11a · Fees: management
total $53,961 · management and general $53,961
-
12 · Advertising and promotion
total $1,317,148 · program services $1,282,894 · management and general $34,254
-
13 · Office expenses
total $889,664 · program services $783,507 · management and general $106,157
-
16 · Occupancy
total $397,654 · program services $397,654
-
17 · Travel
total $143,497 · program services $117,470 · management and general $26,027
-
19 · Conferences, conventions and meetings
total $4,197 · program services $4,197
-
20 · Interest
total $218,345 · management and general $218,345
-
22 · Depreciation, depletion and amortization
total $2,649,940 · program services $2,649,940
-
23 · Insurance
total $413,597 · program services $413,597
-
24a · Other expenses: SERVICES/CONTRACTS
total $7,738,192 · program services $7,302,740 · management and general $435,452
-
24b · Other expenses: PROGRAM & EVENTS
total $1,546,919 · program services $1,546,919
-
24c · Other expenses: UTILITIES
total $1,343,401 · program services $1,140,839 · management and general $202,562
-
24d · Other expenses: MAINTENANCE
total $1,201,520 · program services $1,201,520
-
24e · All other expenses
total $2,208,428 · program services $2,101,846 · management and general $106,582
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $14,964,741 · end of year $16,768,149
-
4 · Accounts receivable
beginning of year $520,268 · end of year $373,226
-
8 · Inventories for sale or use
beginning of year $257,249 · end of year $293,586
-
9 · Prepaid expenses and deferred charges
beginning of year $31,218 · end of year $4,520
-
10a · Land, buildings and equipment: cost or other basis
$87,510,200
-
10b · Land, buildings and equipment: accumulated depreciation
$62,151,490
-
10c · Land, buildings and equipment, net
beginning of year $24,957,530 · end of year $25,358,710
-
12 · Investments: other securities
beginning of year $7,109,912 · end of year $7,110,957
-
14 · Intangible assets
beginning of year $12,775 · end of year $10,858
-
15 · Other assets
beginning of year $3,861,613 · end of year $3,871,867
-
17 · Accounts payable and accrued expenses
beginning of year $656,585 · end of year $855,889
-
19 · Deferred revenue
beginning of year $674,548 · end of year $575,163
-
23 · Secured mortgages and notes payable
beginning of year $6,680,246 · end of year $5,359,262
-
25 · Other liabilities
beginning of year $441,771 · end of year $60,113
-
27 · Net assets without donor restrictions
beginning of year $43,262,156 · end of year $46,941,446
Mission and programs · 2022
Mission
EASTERN STATES EXPOSITION IS A NOT-FOR-PROFIT CORPORATION COMMITTED TO EXCELLENCE IN PROVIDING YEAR-ROUND OPPORTUNITIES FOR THE DEVELOPMENT AND PROMOTION OF AGRICULTURE, EDUCATION, INDUSTRY AND FAMILY ENTERTAINMENT WHILE PRESERVING OUR NEW ENGLAND HERITAGE.
-
EASTERN STATES EXPOSITION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS TO:- PROVIDE AN EDUCATIONAL EXPERIENCE FOR URBAN AND RURAL PERSONS, ESPECIALLY YOUTH, THROUGH PROGRAMS AND EXHIBITIONS DESIGNED TO INCLUDE LOCAL AND REGIONAL PARTICIPATION, DEMONSTRATION AND COMPETITION.- PROVIDE A SHOW WINDOW TO PRESENT THE AGRICULTURAL AND OTHER RESOURCES OF THE NORTHEAST AND BEYOND.- PROVIDE REGIONAL FACILITIES FOR USE IN SERVING THE BEST INTERESTS OF NEW ENGLAND AND THE NORTHEAST.- FOCUS ATTENTION ON THE NEW ENGLAND HERITAGE AND ITS PIONEERING SPIRIT THAT CONTRIBUTES TO CONTINUING PROGRESS.
Expenses $23,449,201 · Grants $16,366 · Revenue $26,964,186
As filed on the 2022 return.
Listed in Part VII
-
William M Stamp JrWILLIAM M STAMP JR
FIRST VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas BeardsleyTHOMAS BEARDSLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert W SpearROBERT W SPEAR
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Robert F SpoerlROBERT F SPOERL
SECOND VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Richard P Roberts EsqRICHARD P ROBERTS ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rachel MonetteRACHEL MONETTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew ParsonsMATTHEW PARSONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Martha SeifertMARTHA SEIFERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Margaret DryeMARGARET DRYE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jon OlsonJON OLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jane G GurzendaJANE G GURZENDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James R LymanJAMES R LYMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Greg BreeneGREG BREENE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eugene J CassidyEUGENE J CASSIDY
PRESIDENT & CEO
- Total calculated
- $622,109
- From this org
- $493,405
- From related orgs
- $0
- Other
- $128,704
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $493,405
- Bonus
- $0
- Other
- $0
- Deferred
- $128,704
- Nontaxable benefits
- $0
- Filer's total
- $622,109
-
Donald MareanDONALD MAREAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David C HenryDAVID C HENRY
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
David AllenDAVID ALLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Armando Paolino IIIARMANDO PAOLINO III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jerome RichardJEROME RICHARD
DIRECTOR OF FINANCE
- Total calculated
- $227,114
- From this org
- $210,347
- From related orgs
- $0
- Other
- $16,767
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $210,347
- Bonus
- $0
- Other
- $0
- Deferred
- $16,767
- Nontaxable benefits
- $0
- Filer's total
- $227,114
-
Timothy GarstkaTIMOTHY GARSTKA
DIRECTOR-SALES
- Total calculated
- $167,832
- From this org
- $154,460
- From related orgs
- $0
- Other
- $13,372
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $154,460
- Bonus
- $0
- Other
- $0
- Deferred
- $13,372
- Nontaxable benefits
- $0
- Filer's total
- $167,832
-
Noreen TassinariNOREEN TASSINARI
DIRECTOR-MARTKETING
- Total calculated
- $175,566
- From this org
- $163,344
- From related orgs
- $0
- Other
- $12,222
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $163,344
- Bonus
- $0
- Other
- $0
- Deferred
- $12,222
- Nontaxable benefits
- $0
- Filer's total
- $175,566
-
Clifford HedgesCLIFFORD HEDGES
DIRECTOR-SECURITY
- Total calculated
- $157,089
- From this org
- $144,748
- From related orgs
- $0
- Other
- $12,341
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $144,748
- Bonus
- $0
- Other
- $0
- Deferred
- $12,341
- Nontaxable benefits
- $0
- Filer's total
- $157,089
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
- 1a · Health or social club dues or initiation fees
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
- 5a · Pay contingent on this organization's revenues
Answered no
- 1b · Written policy on the line-1a expenses
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 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
The filer's explanations (Part III)
- PART I, LINE 4B
- THE EXPOSITION HAS A DEFERRED COMPENSATION ARRANGEMENT WITH THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. EXPENSE RELATED TO THIS ARRANGEMENT WAS $100,000 DURING THE YEARS ENDED DECEMBER 31, 2022 AND 2021. AS OF DECEMBER 31, 2021, THE ACCRUED LIABILITY WAS $400,000. THE DEFERRED COMPENSATION WAS PAID IN 2022.
- PART I, LINE 5
- THE ORGANIZATION HAS PAID OR ACCRUED BONUSES BASED ON A NUMBER OF FACTORS INCLUDING: ADHERENCE TO EXPENSE BUDGET, COMPANY GROWTH/SALES EXPANSION, COMMUNITY/INDUSTRY INVOLVEMENT, STRATEGIC PROGRAM EXPANSION AND PERSONAL GOALS.
- SCHEDULE J, PART I, LINE 1A
- CERTAIN FEES ARE PAID THAT ARE ASSSOCIATED WITH PERTINENT SOCIAL CLUBS USED BY THE ORGANIZATION.
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
-
$12,400
EXEMPT PURPOSE
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.
-
EASTERN STATES EXPOSITION FOUNDATION
501(C)(3) · RAISES FUNDS · MA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
STORROWTON TAVERN CORPORATION
C · MGMT SERVICES · MA · 100% owned · share of income $24,000
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 4 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302779349300125
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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