Alaska State Fair Incorporated

Organization Overview

Alaska State Fair Incorporated is located in Palmer, AK. The organization was established in 1995. 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, Alaska State Fair Incorporated employed 243 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska State Fair 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 12/2020, Alaska State Fair Incorporated generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE THE FACILITIES AND ACTIVITIES FOR AN AGRICULTURAL AND EDUCATIONAL FAIR.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE THE FACILITIES AND ACTIVITIES FOR AN AGRICULTURAL AND EDUCATIONAL FAIR IN THE STATE OF ALASKA FOR 12 DAYS EACH YEAR (2021 ATTENDANCE: 305,428)


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Board, Officers & Key Employees

Name (title)Compensation
Jerome Hertel
Executive Director
$117,573
Kristy Bernier
President
$1,845
John Harkey
Treasurer
$1,420
Aryne Randall
Director
$1,370
Jason Ortiz
Vice President June-Dec
$1,345
Sheron Patrick
Secretary
$1,345

Outside Vendors & Contractors

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Audio Production Services
$184,038
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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,741,851
Investment income $80
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 $1,541
Miscellaneous Revenue$0
Total Revenue $2,404,667

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Alaska State Fair Incorporated has recieved totaling $60,500.

Awarding OrganizationAmount
The Valley Hospital Association Inc

Wasilla, AK

PURPOSE: PROGRAM SUPPORT & DEVELOPMENT/SPONSORSHIP

$50,500
Charities Aid Foundation America

Alexandria, VA

PURPOSE: CHARITABLE DONATION

$10,000
View Grant Recipient Profile

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