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Nonprofiteer
← WILSON COUNTY PROMOTIONS INC

Form 990 for tax year 2022

Filed by WILSON COUNTY PROMOTIONS INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 6 March 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$4,019,272 changed to $4,319,272
Contributions and grants received
$514,771 changed to $814,771
Total assets, end of year
$3,765,030 changed to $3,465,030
Net assets or fund balances, end of year
$3,728,858 changed to $3,428,858

Totals

Total revenue
$4,019,272
Total expenses
$3,455,637
Contributions and grants received
$514,771
Grants paid
$332,857
Program service revenue
$3,491,554
Investment income
$7,352
Other revenue
$5,595
Total assets, end of year
$3,765,030
Total liabilities, end of year
$36,172
Net assets or fund balances, end of year
$3,728,858
Program services expenses (Part IX)
$3,003,299
Management and general expenses
$345,068
Fundraising expenses
$107,270
Program service expenses (Part III)
$3,003,299

Program services were 86.9% 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)

    $12,000

  • 1f · All other contributions, gifts and grants

    $502,771

  • 1g · Noncash contributions included above

    $100,029

  • 2a · Program service revenue: FAIR ADMISSION AND ACTIVITIES

    total $3,383,114 · related or exempt $3,383,114

  • 2b · Program service revenue: PARKING INCOME

    total $96,948 · related or exempt $96,948

  • 2c · Program service revenue: INSURANCE INCOME

    total $5,790 · related or exempt $5,790

  • 2d · Program service revenue: CAMPERS INCOME

    total $5,702 · related or exempt $5,702

  • 3 · Investment income

    total $7,352 · excluded $7,352

  • 11a · Other revenue: MISCELLANEOUS

    total $5,595 · excluded $5,595

  • 11e · Other revenue, total

    $5,595

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $332,857 · program services $332,857

  • 5 · Compensation of officers, directors and key employees

    total $93,247 · program services $45,276 · management and general $39,080 · fundraising $8,891

  • 7 · Other salaries and wages

    total $404,294 · program services $196,306 · management and general $169,439 · fundraising $38,549

  • 9 · Other employee benefits

    total $2,218 · program services $1,077 · management and general $930 · fundraising $211

  • 10 · Payroll taxes

    total $38,103 · program services $18,501 · management and general $15,969 · fundraising $3,633

  • 11c · Fees: accounting

    total $10,100 · management and general $10,100

  • 12 · Advertising and promotion

    total $143,346 · program services $114,677 · fundraising $28,669

  • 13 · Office expenses

    total $210,912 · program services $85,598 · management and general $104,232 · fundraising $21,082

  • 14 · Information technology

    total $88,622 · program services $88,622

  • 16 · Occupancy

    total $278,498 · program services $272,263 · fundraising $6,235

  • 19 · Conferences, conventions and meetings

    total $34,973 · program services $34,973

  • 20 · Interest

    total $13,107 · program services $13,107

  • 22 · Depreciation, depletion and amortization

    total $20,536 · program services $17,551 · management and general $2,985

  • 23 · Insurance

    total $131,212 · program services $128,879 · management and general $2,333

  • 24a · Other expenses: SHOWS, EXHIBITS, & EVENTS

    total $1,083,292 · program services $1,083,292

  • 24b · Other expenses: FAIR ENTERTAINMENT

    total $210,688 · program services $210,688

  • 24c · Other expenses: SECURITY AND MEDICAL

    total $186,283 · program services $186,283

  • 24d · Other expenses: PARKING

    total $84,223 · program services $84,223

  • 24e · All other expenses

    total $89,126 · program services $89,126

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $318,618 · end of year $1,128,189

  • 2 · Savings and temporary cash investments

    beginning of year $1,918,596 · end of year $1,925,948

  • 3 · Pledges and grants receivable

    beginning of year $600,000 · end of year $300,000

  • 4 · Accounts receivable

    beginning of year $9,518 · end of year $15,384

  • 8 · Inventories for sale or use

    beginning of year $20,865 · end of year $24,554

  • 9 · Prepaid expenses and deferred charges

    beginning of year $63,690 · end of year $86,132

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

    $513,601

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

    $228,778

  • 10c · Land, buildings and equipment, net

    beginning of year $282,584 · end of year $284,823

  • 15 · Other assets

    beginning of year $35,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,173 · end of year $5,439

  • 19 · Deferred revenue

    end of year $30,733

  • 25 · Other liabilities

    beginning of year $12,475

  • 27 · Net assets without donor restrictions

    beginning of year $2,565,223 · end of year $3,428,858

  • 28 · Net assets with donor restrictions

    beginning of year $600,000 · end of year $300,000

Mission and programs · 2022

Mission

OPERATION OF THE WILSON COUNTY-TENNESSEE STATE FAIR.

  • THE ORGANIZATION CONDUCTS AN ANNUAL COUNTY/STATE FAIR IN WILSON COUNTY. IT IS NUMBER ONE IN THE STATE IN ATTENDANCE AND HAS RECEIVED MANY AWARDS ON BOTH THE STATE AND NATIONAL LEVELS. A LARGE PORTION OF THE FAIR'S PROCEEDS ARE EXPENDED ON IMPROVEMENTS TO THE FAIR GROUNDS OWNED BY THE WILSON COUNTY GOVERNMENT.

    Expenses $2,958,023 · Grants $332,857 · Revenue $3,491,554

  • THE ORGANIZATION CONDUCTS AN ANNUAL COUNTY/STATE FAIR IN WILSON COUNTY. IT IS NUMBER ONE IN THE STATE IN ATTENDANCE AND HAS RECEIVED MANY AWARDS ON BOTH THE STATE AND NATIONAL LEVELS. A LARGE PORTION OF THE FAIR'S PROCEEDS ARE EXPENDED ON IMPROVEMENTS TO THE FAIR GROUNDS OWNED BY THE WILSON COUNTY GOVERNMENT.

    Expenses $45,276

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

Listed in Part VII

  • Helen McPeak

    EXECUTIVE DI

    Total calculated
    $93,247
    From this org
    $93,247
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Randall Clemons

    PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • Jimmy Comer

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    6

  • Lynette Taylor

    TREASURER

    Total calculated
    $0
    Hours/week
    6

  • Karen Johnson

    SECRETARY

    Total calculated
    $0
    Hours/week
    6

  • Joe Holbrook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Lyndon Lafevers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Terry McPeak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Donnie Steed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • David Hale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Johnnie Webb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

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

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
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202333199349315828

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