Gillespie County Fair & Festival Assn Inc
- Assets
- $1.3m
- Revenue
- $754.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Fredericksburg, TX
- Founding
- 06/1949
- Data as of
- 09/2023
- EIN
- 74-1036549
Organization Overview
Gillespie County Fair & Festival Assn Inc is located in Fredericksburg, TX. The organization was established in 1949. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gillespie County Fair & Festival Assn 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 09/2023, Gillespie County Fair & Festival Assn Inc generated $754.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $676.6k during the year ending 09/2023. While expenses have increased by 4.9% 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
TO CREATE AN ATMOSPHERE WHERE THE HISTORICAL SIGNIFICANCE OF AGRICULTURE AS WELL AS THE FURURE OF AGRICULTURE IN THE COMMUNITY IS MAINTAINED AND PROMOTED
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS AGRICULTURAL & COMMUNITY PROMOTIONAL EVENTS CONDUCTED AT THE FACILITY THROUGHOUT THE YEAR ALL DONATED LABOR IS USED AT THESE EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kendnel Kasper President | OfficerTrustee | 7 | $0 |
Chad Ellebracht Vice Preside | OfficerTrustee | 7 | $0 |
Nick Haun 2nd Vice Pre | OfficerTrustee | 5 | $0 |
Steven Mohr Asst Treasur | OfficerTrustee | 5 | $0 |
Carter Sauer Secretary | OfficerTrustee | 5 | $0 |
Adam Jung Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,418 |
| Related organizations | $0 |
| Government grants | $45,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,036 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,454 |
| Total Program Service Revenue | $424,276 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $89,331 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $47,252 |
| Net Income from Gaming Activities | -$134,160 |
| Net Income from Sales of Inventory | $170,037 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $754,190 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,613 |
| Advertising and promotion | $47,431 |
| Office expenses | $39,603 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,182 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,480 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,240 |
| Insurance | $33,858 |
| All other expenses | $33,182 |
| Total functional expenses | $676,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $591,929 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,956 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,277 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $600,964 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $1,283,126 |
| Accounts payable and accrued expenses | $6,244 |
| 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 | $135,700 |
| Total liabilities | $141,944 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $59,468 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,081,714 |
| Total liabilities and net assets/fund balances | $1,283,126 |