R W Fair Foundation
- Assets
- $21.3m
- Revenue
- $2.4m
- Investments
- $19.4m
- Employees
- 0
- Location
- Tyler, TX
- Founding
- 08/1960
- Data as of
- 12/2022
- EIN
- 75-6015270
Organization Overview
R W Fair Foundation is located in Tyler, TX. The organization was established in 1960. 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. R W Fair Foundation 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 12/2022, R W Fair Foundation generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 12.2% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mel Lovelady Director | 0 | $0 | |
Randy Roberts Vice President | 0 | $0 | |
Rachel Larson Sec/treasurer | 5 | $6,950 | |
Tom Mullins Director | 0 | $0 | |
Ken Waits Director | 0 | $0 | |
Cassie Hollenshead Asst. Sec-Treas | 5 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,514 |
| Dividends & Interest | $307,257 |
| Net Rental Income | $23,961 |
| Net Gain on Sale of Assets | $1,936,914 |
| Capital Gain Net Income | $1,936,914 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $98,447 |
| Total Revenue | $2,373,172 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,950 |
| Other employee salaries and wages | $5,672 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38,520 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,266 |
| Total operating and administrative expenses | $234,518 |
| Contributions, gifts, grants paid | $1,037,606 |
| Total expenses and disbursements | $1,272,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,775 |
| Savings and temporary cash investments | $1,497,488 |
| Net Accounts receivable | $24,736 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,788 |
| Net Investments - land, buildings, equipment | $135,720 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,503 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $21,273,506 |
| Accounts payable and accrued expenses | $7,279 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,279 |