Florida Strawberry Festival Inc
- Assets
- $39.6m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 515
- Location
- Plant City, FL
- Founding
- 12/1952
- Data as of
- 06/2022
- EIN
- 59-6151219
Organization Overview
Florida Strawberry Festival Inc is located in Plant City, FL. The organization was established in 1952. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Florida Strawberry Festival Inc employed 515 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Strawberry Festival 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 06/2022, Florida Strawberry Festival Inc generated $13.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $10.6m during the year ending 06/2022. While expenses have increased by 3.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONDUCTING AND OPERATING THE FLORIDA STRAWBERRY FESTIVAL, AN AGRICULTURAL FAIR AND EXPOSITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CELEBRATE AND PROMOTE THE LOCAL STRAWBERRY HARVEST AND AGRICULTURE INDUSTRY BY PROVIDING EDUCATION, OPPORTUNITIES FOR OUR YOUTH AND WHOLESALE ENTERTAINENT FOR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul C Davis Jr President | Officer | 40 | $248,697 |
Lee Bakst Asst. General Manager | 40 | $124,134 | |
Pam Clark Comptroller | Officer | 40 | $39,336 |
Daniel Coton Vice Chairman | OfficerTrustee | 2 | $0 |
Phil Waldron Chairman Of Board | OfficerTrustee | 2 | $0 |
Pam Warnock Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reba Touring Inc Entertainer | 6/29/20 | $400,000 |
Belle City Amusements Midway | 6/29/20 | $401,314 |
Rascal Flatts Touring Inc Entertainer | 6/29/20 | $350,000 |
Tully Menard Advertising And Promotion | 6/29/20 | $530,743 |
Still Unbroken Inc Entertainer | 6/29/20 | $400,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $800,628 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $930,928 |
| Total Program Service Revenue | $12,020,935 |
| Investment income | $464,428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $13,416,291 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $412,167 |
| Compensation of current officers, directors, key employees. | $41,217 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,120,891 |
| Pension plan accruals and contributions | $43,200 |
| Other employee benefits | $161,907 |
| Payroll taxes | $192,269 |
| 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 | $8,298 |
| Fees for services: Other | $0 |
| Advertising and promotion | $623,847 |
| Office expenses | $701,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,461,499 |
| 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 | $896,212 |
| Insurance | $328,541 |
| All other expenses | $0 |
| Total functional expenses | $10,592,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,298,648 |
| Savings and temporary cash investments | $10,627,092 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $924,405 |
| 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 | $210,182 |
| Net Land, buildings, and equipment | $24,524,155 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,584,482 |
| Accounts payable and accrued expenses | $211,515 |
| 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 | $211,515 |
| Net assets without donor restrictions | $39,372,967 |
| 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 | $39,584,482 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Florida Strawberry Festival Inc has recieved totaling $6,381.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $6,381 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Florida Fair And Expositions Inc West Palm Beach, FL | $32,703,938 | $15,373,950 |
Florida Strawberry Festival Inc Plant City, FL | $39,584,482 | $13,416,291 |
Miami-Dade County Fair & Exposition Inc Miami, FL | $15,666,768 | $1,720,352 |
Southwest Florida And Lee County Fair Assoc Inc North Fort Myers, FL | $1,940,005 | $4,555,563 |
Central Florida Fair Inc Orlando, FL | $10,116,384 | $5,172,204 |
Ye Mystic Krewe Of Gasparilla Tampa, FL | $6,049,396 | $2,796,531 |
Clay County Fair Association Inc Green Cove Springs, FL | $6,279,588 | $2,806,382 |
Pensacola Interstate Fair Inc Pensacola, FL | $4,285,068 | $3,576,986 |
Volusia County Fair Association Inc Deland, FL | $2,465,184 | $2,866,756 |
Sunbelt Agricultural Exposition Inc Moultrie, GA | $986,541 | $2,489,467 |
National Peanut Festival Assn Inc Dothan, AL | $12,226,185 | $2,754,478 |
Alabama National Fair Montgomery, AL | $1,396,624 | $1,744,335 |