Form 990 for tax year 2023
Filed by EXCHANGE CLUB FAIR OF CHARLESTON INC.
Totals
- Total revenue
- $6,778,841
- Total expenses
- $4,764,193
- Contributions and grants received
- $0
- Grants paid
- $300,000
- Program service revenue
- $5,495,556
- Investment income
- $1,262,548
- Other revenue
- $20,737
- Total assets, end of year
- $15,339,411
- Total liabilities, end of year
- $1,658,080
- Net assets or fund balances, end of year
- $13,681,331
- Program services expenses (Part IX)
- $2,624,712
- Management and general expenses
- $2,139,481
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,624,712
Program services were 55.1% 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.
-
2a · Program service revenue: GATE ADMISSIONS
total $2,332,288 · related or exempt $2,332,288
-
2b · Program service revenue: CARNIVAL COMMISSIONS
total $1,771,910 · related or exempt $1,771,910
-
2c · Program service revenue: EXCHANGE RENTALS
total $976,343 · related or exempt $976,343
-
2d · Program service revenue: SPECIAL EVENTS INCOME
total $415,015 · related or exempt $415,015
-
3 · Investment income
total $234,527 · excluded $234,527
-
7a · Gross sales of assets other than inventory
other assets $1,792,000
-
7b · Less cost or other basis and sales expenses
other assets $763,979
-
7c · Gain or loss
other assets $1,028,021
-
7d · Net gain or loss
total $1,028,021 · unrelated business $1,028,021
-
11a · Other revenue: MISCELLANEOUS
total $20,737 · related or exempt $20,737
-
11e · Other revenue, total
$20,737
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $300,000 · program services $300,000
-
7 · Other salaries and wages
total $498,012 · management and general $498,012
-
8 · Pension plan contributions
total $9,474 · management and general $9,474
-
9 · Other employee benefits
total $82,697 · management and general $82,697
-
10 · Payroll taxes
total $37,702 · management and general $37,702
-
11b · Fees: legal
total $35,428 · management and general $35,428
-
11c · Fees: accounting
total $3,650 · management and general $3,650
-
12 · Advertising and promotion
total $142,236 · management and general $142,236
-
16 · Occupancy
total $161,955 · management and general $161,955
-
17 · Travel
total $11,591 · management and general $11,591
-
19 · Conferences, conventions and meetings
total $8,716 · management and general $8,716
-
20 · Interest
total $117,365 · management and general $117,365
-
22 · Depreciation, depletion and amortization
total $843,305 · management and general $843,305
-
23 · Insurance
total $187,350 · management and general $187,350
-
24a · Other expenses: SECURITY
total $389,953 · program services $389,953
-
24b · Other expenses: MAINTENANCE AND IMPROVE
total $375,694 · program services $375,694
-
24c · Other expenses: SPECIAL EVENTS
total $355,398 · program services $355,398
-
24d · Other expenses: PARKING MAINTENANCE
total $262,226 · program services $262,226
-
24e · All other expenses
total $941,441 · program services $941,441
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,004,662 · end of year $3,469,322
-
2 · Savings and temporary cash investments
beginning of year $3,994,242 · end of year $3,039,979
-
4 · Accounts receivable
beginning of year $85,540 · end of year $1,384,857
-
9 · Prepaid expenses and deferred charges
beginning of year $75,744 · end of year $96,768
-
10a · Land, buildings and equipment: cost or other basis
$12,741,463
-
10b · Land, buildings and equipment: accumulated depreciation
$5,392,978
-
10c · Land, buildings and equipment, net
beginning of year $8,377,880 · end of year $7,348,485
-
17 · Accounts payable and accrued expenses
beginning of year $63,378 · end of year $176,686
-
23 · Secured mortgages and notes payable
beginning of year $1,653,899 · end of year $1,294,117
-
25 · Other liabilities
beginning of year $154,108 · end of year $187,277
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $11,666,683 · end of year $13,681,331
Mission and programs · 2023
Mission
TO GENERATE INCOME FOR SUPPORT OF MANY LOCAL CHARITIES AND SERVICE ORGANIZATIONS AND TO PROMOTE PATRIOTISM.
Activities or mission (Part I)
AGRICULTURAL FAIR
-
THE PRINCIPAL ACTIVITY OF THE EXCHANGE CLUB FAIR OF CHARLESTON, INC. IS TO PROMOTE AND HOLD AN AGRICULTURAL AND HORTICULTURAL FAIR IN THE TRI-COUNTY AREA GENERATING INCOME FOR THE TRI-COUNTY COMMUNITY WITH A FOCUS ON THE PREVENTION OF CHILD ABUSE, SENIOR CITIZENS PROGRAMS AND YOUTH EDUCATION. THE EXCHANGE CLUB FAIR OF CHARLESTON, INC., ALSO PROVIDES SUPPORT FOR THE EXCHANGE CLUB OF CHARLESTON. THE EXCHANGE CLUB OF CHARLESTON, INC. USES THE FUNDS TO AWARD SCHOLARSHIPS TO STUDENTS FOR FIVE AREA COLLEGES AND TECHNICAL EDUCATION CENTERS, TO SUPPORT SENIOR CITIZEN PROGRAMS, AND TO PROMOTE PATRIOTISM IN THE TRI-COUNTY AREA.
-
Expenses $2,624,712
As filed on the 2023 return.
Listed in Part VII
-
Donnie PittsDONNIE PITTS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Robert HolderROBERT HOLDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Keith StansellKEITH STANSELL
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Bo SchuppBO SCHUPP
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Christopher AltmanCHRISTOPHER ALTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Fred WhittleFRED WHITTLE
1ST VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Mark FellMARK FELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Ronald BuskeRONALD BUSKE
2ND VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Barry EmersonBARRY EMERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
David EngelmanDAVID ENGELMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Kurt KammeyerKURT KAMMEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Michael KearneyMICHAEL KEARNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Robert StineROBERT STINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jeremy TateJEREMY TATE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jimmy WilsonJIMMY WILSON
DIRECTOR
- 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
-
EXCHANGE CLUB OF CHARLESTON INC
$300,000
FUNDS RAISED ARE USED TO HELP MANY PEOPLE,THE ELDERLY, THE YOUNG, THE POOR, INEXPERIENCED PARENTS, ABUSED AND NEGLECTED CHILDREN. PROFITS DERIVED FROM THE OPERATION OF THE FAIR ARE USED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES. OUR PROGRAM OF SERVICE IMPACTS THE LIVES OF HUNDREDS OF PEOPLE WITHIN OUR COMMUNITY, BENEFITTING THEM IN MANY WAYS, SUCH AS THE FOLLOWING: CHILD ABUSE PREVENTION, AMERICANISM, COMMUNITY SERVICE, AND YOUTH PROGRAMS.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421369349303672
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