Central States Fair
- Assets
- $7.3m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 204
- Location
- Rapid City, SD
- Founding
- 02/1958
- Data as of
- 09/2023
- EIN
- 46-0238981
Organization Overview
Central States Fair is located in Rapid City, SD. The organization was established in 1958. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 09/2023, Central States Fair employed 204 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central States Fair is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 09/2023, Central States Fair generated $5.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $5.1m during the year ending 09/2023. While expenses have increased by 5.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE SHOWCASE AGRICULTURE, TOURISM, AND OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRAL STATE FAIR - AGRICULTURAL LIVESTOCK EXPOSITION, FAIR AND CARNIVAL
BLACK HILLS STOCK SHOW - LIVESTOCK EXPOSITION
EVENTS CENTER - COMMUNITY ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Jeffries General Mana | Officer | 50 | $109,165 |
Jerry Cope President | OfficerTrustee | 1 | $0 |
Tanner Schilder Vice Preside | OfficerTrustee | 1 | $0 |
Lynn Kendall Secretary | OfficerTrustee | 1 | $0 |
Roger Porch Treasurer | OfficerTrustee | 1 | $0 |
Tyler Trevillyan Past Preside | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert Sharp & Associates Robert Sharp & Associates Advertising | 9/29/23 | $173,552 |
Walker Hayes Entertainer | 9/29/23 | $150,000 |
Prca Prca Entertainment | 9/29/23 | $160,200 |
Conrads Electric Conrads Electric Repairs | 9/29/23 | $100,423 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,270 |
| Fundraising events | $0 |
| Related organizations | $15,000 |
| Government grants | $1,426,212 |
| All other contributions, gifts, grants, and similar amounts not included above | $880,259 |
| Noncash contributions included in lines 1a–1f | $42,450 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,322,741 |
| Total Program Service Revenue | $1,736,247 |
| Investment income | $5,312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $885,503 |
| Net Gain/Loss on Asset Sales | $62,090 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $689,217 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,730,392 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,058 |
| 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. | $117,409 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,090,230 |
| Pension plan accruals and contributions | $21,616 |
| Other employee benefits | $39,578 |
| Payroll taxes | $103,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $936,239 |
| Advertising and promotion | $94,502 |
| Office expenses | $352,244 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $985,535 |
| Travel | $57,248 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,346 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $261,440 |
| Insurance | $71,109 |
| All other expenses | $0 |
| Total functional expenses | $5,088,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,832 |
| Savings and temporary cash investments | $534,929 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $473,059 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,909 |
| Prepaid expenses and deferred charges | $44,769 |
| Net Land, buildings, and equipment | $6,027,165 |
| Investments—publicly traded securities | $19,729 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,285,392 |
| Accounts payable and accrued expenses | $417,495 |
| Grants payable | $0 |
| Deferred revenue | $29,286 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $446,781 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $6,838,611 |
| Total liabilities and net assets/fund balances | $7,285,392 |