Highland County Fair
- Assets
- $291.5k
- Revenue
- $92.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Monterey, VA
- Founding
- 05/1994
- Data as of
- 12/2021
- EIN
- 54-0887209
Organization Overview
Highland County Fair is located in Monterey, VA. 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 12/2021, Highland County Fair employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highland County Fair 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, Highland County Fair generated $92.3k 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 (4.2%) each year. All expenses for the organization totaled $81.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) 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
ANNUAL FAIR OF REGIONAL EXHIBITS AND SHOWS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL HIGHLAND COUNTY FAIR IS CONDUCTED BY THE HIGHLAND COUNTY FAIR ASSOC. THE 2021 FAIR WAS ATTENDED BY OVER 4,500 PEOPLE WHO VIEW AND PARTICIPATE IN EXHIBITS, SHOWS AND COMPETITIONS. THE FAIR ALSO PROVIDES AN OPPORTUNITY FOR AN AVERAGE OF 12 CHURCHES, SCHOOL AND CIVIC GROUPS TO RAISE FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Lightner President | OfficerTrustee | 1 | $0 |
Fred Frye Vice-President | OfficerTrustee | 1 | $0 |
Kathy Beverage Secretary | OfficerTrustee | 1 | $0 |
Cindy Vrugtman Treasurer | OfficerTrustee | 5 | $0 |
Aaron Sponaugle Director | Trustee | 1 | $0 |
Caroline Smith Director | Trustee | 1 | $0 |
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 | $19,482 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,482 |
| Total Program Service Revenue | $76,112 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $745 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,588 |
| Net Income from Gaming Activities | $2,546 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $92,310 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,700 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $3,190 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $236 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $627 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $952 |
| Office expenses | $534 |
| Information technology | $2,023 |
| Royalties | $0 |
| Occupancy | $7,244 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,057 |
| Insurance | $6,648 |
| All other expenses | $0 |
| Total functional expenses | $80,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,526 |
| Savings and temporary cash investments | $45,605 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $226,352 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $291,483 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| 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 | $291,483 |
| Total liabilities and net assets/fund balances | $291,483 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Highland County Fair has recieved totaling $11,250.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA PURPOSE: CIVIC | $11,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cullasaja Club Inc Highlands, NC | $18,372,890 | $6,912,030 |
Maryland State Fair And Agricultural Society Inc Timonium, MD | $17,597,510 | $10,711,144 |
National Automatic Merchandising Association Arlington, VA | $9,038,730 | $6,619,737 |
American Peanut Council Inc Alexandria, VA | $2,565,849 | $4,863,109 |
American Apparel And Footwear Association Washington, DC | $9,685,300 | $5,859,062 |
Friends Of The Festival Inc Chattanooga, TN | $2,789,360 | $3,355,227 |
Kentucky Derby Festival Inc Louisville, KY | $6,625,289 | $3,844,478 |
Norfolk Festevents Ltd Norfolk, VA | $2,813,598 | $4,090,710 |
National D-Day Memorial Foundation Ltd Bedford, VA | $18,908,429 | $4,372,645 |
Virginia Beach Events Unlimited Inc Virginia Beach, VA | $1,283,401 | $2,894,814 |
Jubilee Jumpstart Washington, DC | $889,070 | $1,778,592 |
The Transportation Alliance Inc Silver Spring, MD | $2,936,416 | $1,182,648 |