Eastern States Exposition
- Assets
- $56.0m
- Revenue
- $32.2m
- Investments
- $9.9m
- Employees
- 914
- Location
- West Springfield, MA
- Founding
- 10/1940
- Data as of
- 12/2023
- EIN
- 04-2108354
Organization Overview
Eastern States Exposition is located in West Springfield, MA. The organization was established in 1940. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Eastern States Exposition employed 914 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern States Exposition 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 12/2023, Eastern States Exposition generated $32.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $29.1m during the year ending 12/2023. While expenses have increased by 10.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EASTERN STATES EXPOSITION IS A NOT-FOR-PROFIT CORPORATION COMMITTED TO EXCELLENCE IN PROVIDING YEAR-ROUND OPPORTUNITIES FOR THE DEVELOPMENT AND PROMOTION OF AGRICULTURE, EDUCATION, INDUSTRY AND FAMILY ENTERTAINMENT WHILE PRESERVING OUR NEW ENGLAND HERITAGE.
Describe the Organization's Program Activity:
EASTERN STATES EXPOSITION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS TO:- PROVIDE AN EDUCATIONAL EXPERIENCE FOR URBAN AND RURAL PERSONS, ESPECIALLY YOUTH, THROUGH PROGRAMS AND EXHIBITIONS DESIGNED TO INCLUDE LOCAL AND REGIONAL PARTICIPATION, DEMONSTRATION AND COMPETITION.- PROVIDE A SHOW WINDOW TO PRESENT THE AGRICULTURAL AND OTHER RESOURCES OF THE NORTHEAST AND BEYOND.- PROVIDE REGIONAL FACILITIES FOR USE IN SERVING THE BEST INTERESTS OF NEW ENGLAND AND THE NORTHEAST.- FOCUS ATTENTION ON THE NEW ENGLAND HERITAGE AND ITS PIONEERING SPIRIT THAT CONTRIBUTES TO CONTINUING PROGRESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene J Cassidy President & CEO | OfficerTrustee | 50 | $521,693 |
Robert Santy First Vice Chair | OfficerTrustee | 1 | $0 |
Gordon Macphee Director | Trustee | 1 | $0 |
Amy Senew Director | Trustee | 1 | $0 |
Donald Marean Director | Trustee | 1 | $0 |
Roger Allbee Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Collins Electric Electrical Contract | 12/30/23 | $1,270,371 |
Mellowship Entertainment Llc Entertainment Contractor | 12/30/23 | $891,940 |
Frank B Paige Plumbing & Heating Inc Plumbing Contractor | 12/30/23 | $543,315 |
Grimaldi Construction General Contractor | 12/30/23 | $506,181 |
Mark Jakubiec Services Janitorial Services | 12/30/23 | $398,030 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $31,549,983 |
| Investment income | $592,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,853 |
| 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 | $32,182,767 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,906 |
| Grants and other assistance to domestic individuals. | $25,950 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $703,752 |
| Compensation of current officers, directors, key employees. | $140,444 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,352,721 |
| Pension plan accruals and contributions | $361,967 |
| Other employee benefits | $132,024 |
| Payroll taxes | $295,006 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $82,308 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,532,529 |
| Office expenses | $1,001,021 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $404,765 |
| Travel | $129,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $848 |
| Interest | $171,479 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,045,997 |
| Insurance | $428,026 |
| All other expenses | $2,560,192 |
| Total functional expenses | $29,104,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,226,078 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $808,475 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $319,607 |
| Prepaid expenses and deferred charges | $188,829 |
| Net Land, buildings, and equipment | $25,646,841 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,890,648 |
| Investments—program-related | $0 |
| Intangible assets | $8,942 |
| Other assets | $3,874,206 |
| Total assets | $55,963,626 |
| Accounts payable and accrued expenses | $679,026 |
| Grants payable | $0 |
| Deferred revenue | $579,467 |
| 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 | $3,991,412 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $142,787 |
| Total liabilities | $5,392,692 |
| Net assets without donor restrictions | $50,570,934 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $55,963,626 |