Rockingham County Fair Association Inc
- Assets
- $3.1m
- Revenue
- $2.0m
- Investments
- $1.0k
- Employees
- 9
- Location
- Harrisonburg, VA
- Founding
- 09/1953
- Data as of
- 12/2021
- EIN
- 54-0580300
Organization Overview
Rockingham County Fair Association Inc is located in Harrisonburg, VA. The organization was established in 1953. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Rockingham County Fair Association Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockingham County Fair Association 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 12/2021, Rockingham County Fair Association Inc generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATING REGIONAL AGRICULTURAL FAIR AND PROMOTING FARM LIFE AND FOOD PRODUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZING AND OPERATING THE ANNUAL ROCKINGHAM COUNTY FAIR AND AGRICULTURAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Sheets President | OfficerTrustee | 1 | $0 |
Darla Miler Vice President | OfficerTrustee | 1 | $0 |
Vicki Cook Secretary | OfficerTrustee | 1 | $0 |
Bill Groseclose Treasurer | OfficerTrustee | 1 | $0 |
Brian Carpenter Ex-Officio | Trustee | 1 | $0 |
Jeff Germroth Ex-Officio | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,174 |
| Investment income | $631 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$6,979 |
| 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 | $2,017,274 |
| 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. | $66,223 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,756 |
| Pension plan accruals and contributions | $1,313 |
| Other employee benefits | $7,811 |
| Payroll taxes | $11,626 |
| 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 | $0 |
| Fees for services: Other | $6,601 |
| Advertising and promotion | $70,550 |
| Office expenses | $10,351 |
| Information technology | $8,960 |
| Royalties | $0 |
| Occupancy | $31,660 |
| Travel | $4,083 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,455 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,164 |
| Insurance | $26,053 |
| All other expenses | $0 |
| Total functional expenses | $1,842,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,693 |
| Savings and temporary cash investments | $253,035 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,308 |
| 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 | $17,666 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $8,489 |
| Other assets | $0 |
| Total assets | $3,095,358 |
| Accounts payable and accrued expenses | $6,515 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $593,269 |
| Other liabilities | $3,218 |
| Total liabilities | $608,002 |
| Net assets without donor restrictions | $2,486,056 |
| Net assets with donor restrictions | $1,300 |
| 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 | $2,487,356 |