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Nonprofiteer
← WILSON COUNTY PROMOTIONS INC

Form 990 for tax year 2023

Filed by WILSON COUNTY PROMOTIONS INC.

Totals

Total revenue
$4,802,337
Total expenses
$5,061,171
Contributions and grants received
$1,314,831
Grants paid
$1,212,635
Program service revenue
$3,422,091
Investment income
$52,424
Other revenue
$12,991
Total assets, end of year
$3,326,454
Total liabilities, end of year
$156,438
Net assets or fund balances, end of year
$3,170,016
Program services expenses (Part IX)
$4,620,116
Management and general expenses
$345,689
Fundraising expenses
$95,366
Program service expenses (Part III)
$4,620,116

Program services were 91.3% 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.

  • 1e · Government grants (contributions)

    $312,000

  • 1f · All other contributions, gifts and grants

    $1,002,831

  • 1g · Noncash contributions included above

    $100,030

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

    total $3,357,103 · related or exempt $3,357,103

  • 2b · Program service revenue: PARKING INCOME

    total $55,619 · related or exempt $55,619

  • 2c · Program service revenue: CAMPERS INCOME

    total $5,339 · related or exempt $5,339

  • 2d · Program service revenue: INSURANCE INCOME

    total $4,030 · related or exempt $4,030

  • 3 · Investment income

    total $52,424 · excluded $52,424

  • 11a · Other revenue: MISCELLANEOUS

    total $12,991 · excluded $12,991

  • 11e · Other revenue, total

    $12,991

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,212,635 · program services $1,212,635

  • 5 · Compensation of officers, directors and key employees

    total $93,247 · program services $42,976 · management and general $41,816 · fundraising $8,455

  • 7 · Other salaries and wages

    total $478,303 · program services $220,443 · management and general $214,491 · fundraising $43,369

  • 9 · Other employee benefits

    total $1,581 · program services $729 · management and general $709 · fundraising $143

  • 10 · Payroll taxes

    total $44,749 · program services $20,624 · management and general $20,067 · fundraising $4,058

  • 11b · Fees: legal

    total $1,295 · management and general $1,295

  • 11c · Fees: accounting

    total $10,250 · management and general $10,250

  • 12 · Advertising and promotion

    total $130,988 · program services $104,790 · fundraising $26,198

  • 13 · Office expenses

    total $199,788 · program services $144,408 · management and general $46,668 · fundraising $8,712

  • 14 · Information technology

    total $100,716 · program services $100,716

  • 16 · Occupancy

    total $111,690 · program services $107,259 · fundraising $4,431

  • 19 · Conferences, conventions and meetings

    total $40,615 · program services $40,615

  • 22 · Depreciation, depletion and amortization

    total $23,736 · program services $19,468 · management and general $4,268

  • 23 · Insurance

    total $143,801 · program services $141,495 · management and general $2,306

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

    total $1,586,979 · program services $1,586,979

  • 24b · Other expenses: SECURITY AND MEDICAL

    total $379,965 · program services $379,965

  • 24c · Other expenses: FAIR ENTERTAINMENT

    total $309,761 · program services $309,761

  • 24d · Other expenses: PARKING

    total $105,660 · program services $105,660

  • 24e · All other expenses

    total $85,412 · program services $81,593 · management and general $3,819

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,279,137 · end of year $1,258,939

  • 2 · Savings and temporary cash investments

    beginning of year $775,000 · end of year $1,575,000

  • 4 · Accounts receivable

    beginning of year $15,384 · end of year $129

  • 8 · Inventories for sale or use

    beginning of year $24,554 · end of year $53,386

  • 9 · Prepaid expenses and deferred charges

    beginning of year $86,132 · end of year $81,721

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

    $533,101

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

    $252,514

  • 10c · Land, buildings and equipment, net

    beginning of year $284,823 · end of year $280,587

  • 15 · Other assets

    end of year $76,692

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,447 · end of year $13,622

  • 19 · Deferred revenue

    beginning of year $30,733 · end of year $64,278

  • 25 · Other liabilities

    end of year $78,538

  • 27 · Net assets without donor restrictions

    beginning of year $3,428,850 · end of year $3,170,016

Mission and programs · 2023

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 $4,577,140 · Grants $1,212,635 · Revenue $3,422,091

  • 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 $42,976

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Helen McPeak

    EXECUTIVE DI

    Total calculated
    $98,535
    From this org
    $98,535
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Randall Clemons

    PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • Lyndon Lafevers

    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

  • Michael Holbrook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Joe McKee

    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

  • FIDDLERS GROVE FOUNDATION

    $13,750

    MAINTAIN FAIRGROUND

  • WILSON COUNTY TN

    no cash amount reported

    MAINTAIN FAIRGROUND

  • WILSON COUNTY TN

    no cash amount reported

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
2023
Filed
12 November 2024
IRS schema version
2023v5.0
Source object
202423209349322047

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