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Nonprofiteer
← KENAI PENINSULA FAIR ASSOCIATION

Form 990 for tax year 2023

Filed by KENAI PENINSULA FAIR ASSOCIATION.

Totals

Total revenue
$165,211
Total expenses
$211,374
Contributions and grants received
$79,946
Grants paid
$0
Program service revenue
$43,450
Investment income
$714
Other revenue
$41,101
Total assets, end of year
$520,337
Total liabilities, end of year
$60,625
Net assets or fund balances, end of year
$459,712
Program services expenses (Part IX)
$203,774
Management and general expenses
$0
Fundraising expenses
$7,600
Program service expenses (Part III)
$203,774

Program services were 96.4% 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.

  • 1c · Fundraising events

    $19,772

  • 1f · All other contributions, gifts and grants

    $60,174

  • 2a · Program service revenue: KENAI PENINSULA FAIR

    total $40,270 · related or exempt $40,270

  • 2b · Program service revenue: RIVERSIDE SCIENCE & ADV

    total $1,620 · related or exempt $1,620

  • 2c · Program service revenue: CHRISTMAS BAZAAR

    total $1,560 · related or exempt $1,560

  • 3 · Investment income

    total $714 · related or exempt $46 · excluded $668

  • 6a · Gross rents

    real property $63,393

  • 6b · Less rental expenses

    real property $15,690

  • 6c · Rental income or loss

    real property $47,703

  • 6d · Net rental income or loss

    total $47,703 · related or exempt $47,703

  • 8a · Fundraising events: contributions included on line 1c

    $19,772

  • 8b · Fundraising events: direct expenses

    $6,602

  • 8c · Net income from fundraising events

    total -$6,602 · unrelated business -$6,602

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $13,000 · program services $13,000

  • 11c · Fees: accounting

    total $725 · program services $725

  • 11g · Fees: other

    total $64,319 · program services $56,719 · fundraising $7,600

  • 12 · Advertising and promotion

    total $8,328 · program services $8,328

  • 13 · Office expenses

    total $2,752 · program services $2,752

  • 14 · Information technology

    total $5,810 · program services $5,810

  • 16 · Occupancy

    total $31,373 · program services $31,373

  • 22 · Depreciation, depletion and amortization

    total $49,746 · program services $49,746

  • 23 · Insurance

    total $5,452 · program services $5,452

  • 24a · Other expenses: Equipment rental Fair

    total $6,140 · program services $6,140

  • 24b · Other expenses: Rodeo Support

    total $2,916 · program services $2,916

  • 24e · All other expenses

    total $20,813 · program services $20,813

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $53,952 · end of year $54,554

  • 2 · Savings and temporary cash investments

    beginning of year $27,191 · end of year $18,001

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

    $1,396,841

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

    $949,059

  • 10c · Land, buildings and equipment, net

    beginning of year $439,587 · end of year $447,782

  • 11 · Investments: publicly traded securities

    beginning of year $49,345

  • 25 · Other liabilities

    beginning of year $64,200 · end of year $60,625

  • 27 · Net assets without donor restrictions

    beginning of year $505,875 · end of year $459,712

Mission and programs · 2023

Mission

To provide a Community Fair

  • Maintaining a community center for use by the areas non-profits to further the overall good of the area

    Expenses $114,472 · Revenue $123,567

  • To provide a Community Fair

    Expenses $80,512 · Revenue $60,174

  • Supporting Education in the schools and assisting other community organizations

    Expenses $8,790 · Grants $5,790

As filed on the 2023 return.

Listed in Part VII

  • Susan Marchetti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Katie Mathews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Rebecca Uta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Lara McGinnis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Christie Bond-Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Tom Baxter

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Jim Sterns

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Hannah Stearns

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Martha Krohn

    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
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202413129349302191

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