Washington County Fairground INC

Tax-deductible

Abingdon, VA501(c)(3)Recreation & SportsEIN 54-1396676Revenue $359K in FY2024

On file with the IRSPo Box 711, 24212-0711 · Abingdon, VATax-exempt since Jul 1993Publicly supported — 509(a)(2)

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The mission of Washington County fariground, INC is to increase agricultural awareness within the County of Washington, virginia and surrounding communities by providing public festivals and shows.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $12K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$324K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$359K
-6% vs prior year
Spent
$352K
To programs
88%
Net assets
$508K
By yearFY2020–FY2024
Revenue
$359K
FY2024▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$99K
FY2021$333K
FY2022$526K
FY2023$380K
FY2024$359K
Expenses
$352K
FY2024▼ -19%
Tap a bar for its year
Expenses by fiscal year
FY2020$101K
FY2021$304K
FY2022$447K
FY2023$432K
FY2024$352K
Net assets
$508K
FY2024▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$450K
FY2021$489K
FY2022$568K
FY2023$516K
FY2024$508K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $310K Management & general 6% · $22K Fundraising 6% · $20K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Washington County Fairground INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes agriculture through public festivals and shows.

Questions for Washington County Fairground INC

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Provided by the organization

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1 program · $310K · in their own filed words · FY2024
01

This festival serves as a community fair for the county of washington, virginia all admission fees are used to support and fund the festival and fair.

$310Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$359K
Ln 12
Fees for servicesLn 2g$164K
Other incomeLn 4–11$132K
Gifts and grantsLn 1h$63K
Money outPt IX
$352K
Ln 25
Programscol B$310K
Managementcol C$22K
Fundraisingcol D$20K
Owns and owesPt X
$508K
net assets · Ln 32
Cash and savingsLn 1–2$117K
Total assetsLn 16$832K
LiabilitiesLn 26$324K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$63K
Fees for servicesLn 2g$164K
Other incomeLn 4–11$132K
Total revenueLn 12$359K
Assets in detailPt X, end of year
CashLn 1$117K
Cash and savings togetherLn 1–2$117K
Total assetsLn 16$832K
LiabilitiesLn 26$324K
Net assetsLn 32$508K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$106K$117K
Total assetsLn 16$822K$832K
LiabilitiesLn 26$306K$324K
Net assetsLn 32$516K$508K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$13K$13K
Office expensesLn 13$7K$2K$4K$2K
OccupancyLn 16$28K$14K$7K$7K
InsuranceLn 23$46K$23K$11K$11K
Other expenses (24a–d)Ln 24$258K$258K
Total functional expensesLn 25$352K$310K$22K$20K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $359K$352K$7K$508K 990 PDF
FY2023 $380K$432K−$52K$516K 990 PDF
FY2022 $526K$447K$78K$568K 990 PDF
FY2021 $333K$304K$29K$489K 990 PDF
FY2020 $99K$101K−$2K$450K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $359,121 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,701$62,924
I-9 Program service revenuePrior year $288,543$163,736
I-10 Investment income$0
I-11 Other revenuePrior year $66,088$132,461
I-12 Total revenuePrior year $380,332$359,121
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $432,108$352,147
I-18 Total expensesPrior year $432,108$352,147
I-19 Revenue less expensesPrior year −$51,776$6,974
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $359,121 across 5 lines filed
VIII-1f All other contributions, gifts and grants$62,924
VIII-1h Total contributions, gifts and grants$62,924
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $163,736$163,736
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $132,461$132,461
VIII-12 Total revenueRelated to mission $296,197$359,121
Part IX · Statement of functional expenses $352,147 across 5 lines filed
IX-12 Advertising and promotionPrograms $12,691$12,691
IX-13 Office expensesPrograms $1,869 · Management $3,741 · Fundraising $1,870$7,480
IX-16 OccupancyPrograms $14,144 · Management $7,073 · Fundraising $7,073$28,290
IX-23 InsurancePrograms $22,783 · Management $11,391 · Fundraising $11,391$45,565
IX-24 Other expenses (24a–d)Programs $258,121$258,121
IX-25 Total functional expensesPrograms $309,608 · Management $22,205 · Fundraising $20,334$352,147
Part X · Balance sheet $832,444 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $106,477$117,003
X-14 Intangible assetsStart of year $715,441$715,441
X-16 Total assetsStart of year $821,918$832,444
X-17 Accounts payable and accrued expenses$17,974
X-26 Total liabilitiesStart of year $306,043$323,997
X-32 Total net assets or fund balancesStart of year $515,875$508,447
X-33 Total liabilities and net assetsStart of year $821,918$832,444
Part XI · Reconciliation of net assets $508,447 net assets at year end
XI-1 Total revenue$359,121
XI-2 Total expenses$352,147
XI-3 Revenue less expenses$6,974
XI-4 Net assets at start of year$515,875
XI-8 Prior period adjustments−$14,402
XI-10 Net assets at end of year$508,447

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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