Four States Fair Association Incorporated
- Assets
- $4.3m
- Revenue
- $1.5m
- Investments
- $17.3k
- Employees
- 96
- Location
- Texarkana, AR
- Founding
- 01/1951
- Data as of
- 12/2023
- 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 12/2023, Four States Fair Association Incorporated employed 96 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 12/2023, Four States Fair Association Incorporated generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 9 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
2023
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 Director | OfficerTrustee | 50 | $74,810 |
James Bramlett Chairman | OfficerTrustee | $0 | |
Aaron Calvit Director | Trustee | $0 | |
Brad Carlow Chairman Ele | OfficerTrustee | $0 | |
Jc Cowart Director | Trustee | $0 | |
Larry Cowling Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $725 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $82,662 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,387 |
| Total Program Service Revenue | $1,377,924 |
| Investment income | $12,937 |
| 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 | $1,494,248 |
| 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. | $74,810 |
| Compensation of current officers, directors, key employees. | $74,810 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,154 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,875 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,048 |
| Fees for services: Accounting | $14,751 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $54,264 |
| Office expenses | $4,252 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $261,922 |
| Travel | $3,453 |
| 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 | $154,309 |
| Insurance | $82,023 |
| All other expenses | $91,906 |
| Total functional expenses | $1,610,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,238 |
| Savings and temporary cash investments | $698,724 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $165,122 |
| 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 | $3,264,163 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,326 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $236 |
| Total assets | $4,339,114 |
| Accounts payable and accrued expenses | $68,494 |
| Grants payable | $0 |
| Deferred revenue | $3,103 |
| 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 | $71,597 |
| Net assets without donor restrictions | $4,265,238 |
| 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 | $4,339,114 |