Four States Fair Association Incorporated
- Assets
- $4.6m
- Revenue
- $1.7m
- Investments
- $44.8k
- Employees
- 103
- Location
- Texarkana, AR
- Founding
- 01/1951
- Data as of
- 12/2021
- EIN
- 75-0939932
Organization Overview
Four States Fair Association Incorporated is located in Texarkana, AR. The organization was established in 1951. 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, Four States Fair Association Incorporated employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Four States Fair Association Incorporated 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, Four States Fair Association Incorporated generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A NATIONALLY RECOGNIZED ORGANIZATION THAT PROMOTES OUR AGRICULTURAL ECONOMY AND HERITAGE AND PROVIDES A WORLD-CLASS VENUE FOR EQUINE AND LIVESTOCK SHOWS, COMPETITIONS, AND EXHIBITIONS, WHILE ALSO PROVIDING THE FOUR STATES AREA WITH FAMILY ORIENTED ENTERTAINMENT AT A GREAT VALUE.
Describe the Organization's Program Activity:
THE FOUR STATES FAIR & RODEO - LIVESTOCK AND HOME ARTS
VARIOUS SPECIAL EVENTS AND ACTIVITIES TO PROMOTE CULTURAL ARTS, AGRICULTURE, LIVESTOCK AND HOME ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Garner Vice Preside | OfficerTrustee | 50 | $61,494 |
James Bramlett Chairman | OfficerTrustee | 1 | $0 |
Robert Bunch Past Chairma | OfficerTrustee | 2 | $0 |
Jay Hickey Secretary/tr | OfficerTrustee | 2 | $0 |
Brad Carlow Director | Trustee | 1 | $0 |
Larry Cowling Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $225 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $323,971 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,795 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $475,991 |
| Total Program Service Revenue | $1,177,611 |
| Investment income | $7,567 |
| 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 | $1,680,169 |
| 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. | $61,494 |
| Compensation of current officers, directors, key employees. | $27,672 |
| Compensation to disqualified persons | $45,384 |
| Other salaries and wages | $295,029 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,688 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $32,685 |
| Office expenses | $99,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $327,139 |
| Travel | $1,540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,977 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $175,661 |
| Insurance | $69,948 |
| All other expenses | $0 |
| Total functional expenses | $1,457,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,047 |
| Savings and temporary cash investments | $882,583 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $229,390 |
| 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 | $22,305 |
| Net Land, buildings, and equipment | $3,212,956 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $44,817 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,598,098 |
| Accounts payable and accrued expenses | $52,072 |
| Grants payable | $0 |
| Deferred revenue | $18,693 |
| 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 | $70,765 |
| Net assets without donor restrictions | $4,525,054 |
| Net assets with donor restrictions | $2,279 |
| 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 | $4,598,098 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Four States Fair Association Incorporated has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Patterson Foundation Texarkana, TX PURPOSE: FURTHERANCE OF EXEMPT PURPOSES | $3,500 |
Patterson Foundation Texarkana, TX PURPOSE: FURTHERANCE OF EXEMPT PURPOSES | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Livestock Show And Rodeo Educational Fund Houston, TX | $117,451,664 | $14,021,217 |
Earth Day Texas Inc Dallas, TX | $1,234,061 | $10,432,701 |
Liberty Bowl Festival Assn Memphis, TN | $2,194,602 | $10,839,086 |
Bell County Expo Inc Belton, TX | $3,987,483 | $11,578,565 |
Gentilly Carnival Club Jefferson, LA | $3,366,886 | $4,740,044 |
American Royal Association Kansas City, MO | $28,283,023 | $7,000,256 |
Expo Center Of Taylor County Abilene, TX | $1,469,726 | $5,612,899 |
Arkansas Livestock Show Assoc Little Rock, AR | $4,870,203 | $5,931,539 |
Fairfield Village Community Inc Houston, TX | $4,878,144 | $5,460,075 |
International Association Of Venue Managers Inc Coppell, TX | $4,566,324 | $3,596,917 |
Petroleum Equipment Institute Tulsa, OK | $10,127,893 | $3,682,039 |
Austin County Fair Association Inc Bellville, TX | $2,038,389 | $3,840,084 |