Champlain Valley Exposition Inc
- Assets
- $5.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 29
- Location
- Essex Junction, VT
- Founding
- 08/1994
- Data as of
- 12/2020
- EIN
- 03-0184098
Organization Overview
Champlain Valley Exposition Inc is located in Essex Junction, VT. The organization was established in 1994. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2020, Champlain Valley Exposition Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Champlain Valley Exposition Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Champlain Valley Exposition Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (12.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE PEOPLE OF VERMONT AND THE REGION BY PROMOTING AGRICULTURE, EDUCATION, ARTS AND CULTURE, COMMERCE AND ENTERTAINMENT ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMPLAIN VALLEY EXPOSITION STAGES A 10-DAY AGRICULTURAL AND HORTICULTURAL FAIR AND ALSO HANDLES SOME 80 OFFSEASON EVENTS, MANY OF WHICH ARE RELATED TO AGRICULTURE. THESE EVENTS INCLUDE HORSE SHOWS, FESTIVALS, AND CRAFT SHOWS. ALL EVENTS PROVIDE VARIOUS EXHIBITS, CONCESSIONS, AND ENTERTAINMENT THAT PRODUCE A WIDE ARRAY OF REVENUE AND EXPENSE STREAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Shea Executive Di | Officer | 40 | $115,162 |
Dawn Terrill Treasurer | OfficerTrustee | 5 | $0 |
Kyle Bostwick Vice Preside | OfficerTrustee | 5 | $0 |
Robert A Mcewing Secretary | OfficerTrustee | 5 | $0 |
Sam Cutting IV President | OfficerTrustee | 5 | $0 |
Glen A Wright Vice Preside | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Green Mountain Concert Services Event Services | 12/30/20 | $162,720 |
On-call Building Services Maintenance | 12/30/20 | $122,407 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $490,326 |
| Investment income | $3,272 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$16,948 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,655,626 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,162 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $420,799 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $54,727 |
| Payroll taxes | $48,011 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,208 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,475 |
| Office expenses | $0 |
| Information technology | $27,884 |
| Royalties | $0 |
| Occupancy | $336,604 |
| Travel | $1,104 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,024 |
| Interest | $66,414 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $202,850 |
| Insurance | $61,036 |
| All other expenses | $0 |
| Total functional expenses | $1,570,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $443,930 |
| Savings and temporary cash investments | $232,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,538 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,482 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,539,435 |
| Accounts payable and accrued expenses | $115,545 |
| Grants payable | $0 |
| Deferred revenue | $146,844 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,812,945 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,075,334 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,464,101 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Erie County Agricultural Society Hamburg, NY | $60,939,761 | $12,196,655 |
Massachusetts Corrections Officers Federated Union Milford, MA | $5,016,192 | $3,161,226 |
Deerfield Fair Association Inc Deerfield, NH | $6,809,615 | $2,535,267 |
New England Fuel Institute Inc Wilmington, MA | $718,912 | $1,881,576 |
Champlain Valley Exposition Inc Essex Junction, VT | $5,539,435 | $1,655,626 |
Hampshire Franklin And Hampden Agricultural Soc Northampton, MA | $5,535,484 | $2,024,301 |
Rensselaer County Agricultural And Horticultural Society Schaghticoke, NY | $177,388 | $1,283,672 |
A Taste Of Buffalo Inc Lancaster, NY | $218,839 | $1,255,644 |
Washington County Fair Inc Greenwich, NY | $4,674,177 | $1,578,526 |
Rochester Fringe Festival Inc Rochester, NY | $674,965 | $1,364,718 |
Hopkinton State Fair Association Contoocook, NH | $1,258,390 | $1,344,000 |
Ulster County Agricultural Society New Paltz, NY | $1,392,415 | $1,113,784 |