Eastern States Exposition
- Assets
- $51.7m
- Revenue
- $35.9m
- Investments
- $7.1m
- Employees
- 737
- Location
- West Springfield, MA
- Founding
- 10/1940
- Data as of
- 12/2021
- 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 12/2021, Eastern States Exposition employed 737 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 12/2021, Eastern States Exposition generated $35.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $21.9m during the year ending 12/2021. While expenses have increased by 7.1% per year over the past 7 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
2021
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 | $364,544 |
Jerome Richard Director Of Finance | Officer | 50 | $166,155 |
Noreen Tassinari Director-Martketing | 50 | $139,910 | |
Donna Woolam Director-Agriculture | 50 | $134,868 | |
Robert Kelley Director-Operations | 50 | $132,002 | |
Timothy Garstka Director-Sales | 50 | $129,869 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Collins Electric Electrical Contract | 12/30/21 | $498,192 |
R G Webster Enterprises General Contractor | 12/30/21 | $339,387 |
Mark Jakubiec Services Janitorial Contractor | 12/30/21 | $267,296 |
Grimaldi Construction General Contractor | 12/30/21 | $244,062 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,024,641 |
| 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 | $11,024,641 |
| Total Program Service Revenue | $24,843,809 |
| Investment income | $150,604 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$162,120 |
| 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 | $35,856,934 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,517 |
| 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. | $530,699 |
| Compensation of current officers, directors, key employees. | $103,898 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,996,345 |
| Pension plan accruals and contributions | $419,211 |
| Other employee benefits | $104,891 |
| Payroll taxes | $134,822 |
| Fees for services: Management | $41,331 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $962,515 |
| Office expenses | $651,205 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $252,003 |
| Travel | $72,735 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,611 |
| Interest | $247,808 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,634,169 |
| Insurance | $368,736 |
| All other expenses | $1,829,717 |
| Total functional expenses | $21,862,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,964,741 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $520,268 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $257,249 |
| Prepaid expenses and deferred charges | $31,218 |
| Net Land, buildings, and equipment | $24,957,530 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,109,912 |
| Investments—program-related | $0 |
| Intangible assets | $12,775 |
| Other assets | $3,861,613 |
| Total assets | $51,715,306 |
| Accounts payable and accrued expenses | $656,585 |
| Grants payable | $0 |
| Deferred revenue | $674,548 |
| 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 | $6,680,246 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $441,771 |
| Total liabilities | $8,453,150 |
| Net assets without donor restrictions | $43,262,156 |
| 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 | $51,715,306 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eastern States Exposition has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Booth Foundation Boston, MA PURPOSE: SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern States Exposition West Springfield, MA | $51,715,306 | $35,856,934 |
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 |
The Woodstock Agricultural Society Woodstock, CT | $6,649,911 | $1,484,894 |
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 |