Panhandle South Plains Fair Association
- Assets
- $6.6m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 66
- Location
- Lubbock, TX
- Founding
- 10/1938
- Data as of
- 11/2021
- EIN
- 75-1093160
Organization Overview
Panhandle South Plains Fair Association is located in Lubbock, TX. The organization was established in 1938. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 11/2021, Panhandle South Plains Fair Association employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panhandle South Plains Fair Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 11/2021, Panhandle South Plains Fair Association generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.8m during the year ending 11/2021. While expenses have increased by 0.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AGRICULTURAL FAIR AND EXPOSITION
Describe the Organization's Program Activity:
Part 3 - Line 4a
AGRICULTURAL FAIR AND EXPOSITION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Wallace General Manager | Officer | 45 | $84,251 |
Robert Granfeldt Secretary/treasurer | OfficerTrustee | 1 | $0 |
Alan Henry President | OfficerTrustee | 1 | $0 |
Ellwood Keeney Vice President | OfficerTrustee | 1 | $0 |
Marciano Morales Director | Trustee | 1 | $0 |
Norval Pollard Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ccw Inc Equipment, Installation | 11/29/19 | $952,300 |
Galyean Insulating Insulation Services | 11/29/19 | $647,264 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $104,935 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,035 |
| Total Program Service Revenue | $1,756,277 |
| Investment income | $52,499 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $90,896 |
| Net Gain/Loss on Asset Sales | $36,903 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,087,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,251 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,695 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,695 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,327 |
| Fees for services: Other | $356,970 |
| Advertising and promotion | $93,472 |
| Office expenses | $26,319 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $175,412 |
| Travel | $29,832 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $778 |
| Interest | $99,539 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $326,057 |
| Insurance | $168,878 |
| All other expenses | $0 |
| Total functional expenses | $1,770,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $641,584 |
| Savings and temporary cash investments | $42,175 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,965 |
| 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 | $42,364 |
| Net Land, buildings, and equipment | $4,433,179 |
| Investments—publicly traded securities | $1,402,267 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,390 |
| Other assets | $0 |
| Total assets | $6,574,924 |
| Accounts payable and accrued expenses | $248,917 |
| Grants payable | $0 |
| Deferred revenue | $7,048 |
| 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 | $1,385,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,640,965 |
| Net assets without donor restrictions | $4,933,959 |
| 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 | $6,574,924 |
Endowment Analysis
| Beg. Balance | $25,000 |
| Ending Balance | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Tulsa, OK | $168,376,027 | $14,876,020 |
International Longshoremens Association Webster, TX | $13,367,855 | $12,394,447 |
Texas State Teachers Association Austin, TX | $19,090,132 | $12,831,856 |
Transport Workers Union Of America Dallas, TX | $6,072,391 | $10,500,954 |
West Gulf Maritime Association Houston, TX | $11,105,022 | $10,778,910 |
American Paint Horse Association Fort Worth, TX | $23,408,879 | $13,171,062 |
Association Of Professional Flight Attendants Euless, TX | $20,400,009 | $11,611,119 |
Combined Law Enforcement Associations Of Texas Austin, TX | $18,761,486 | $9,658,707 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 2 Houston, TX | $8,533,465 | $8,520,398 |
International Association Of Machinists & Aerospace Workers Fort Worth, TX | $7,479,152 | $8,206,010 |
International Association Of Fire Fighters Oklahoma City, OK | $3,393,896 | $7,463,069 |
Transport Workers Union Of America Dallas, TX | $7,395,146 | $7,237,862 |