Central Florida Fair INC FY2021 filing

Tax-deductible

Orlando, FL501(c)(3)Recreation & SportsEIN 59-0188975Revenue $2.5M in FY2021

On file with the IRScentralfloridafair.com4603 W Colonial Dr, 32808-8158 · Orlando, FLTax-exempt since Dec 1994Publicly supported — 509(a)(2)

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The Central Florida Fair is an organization that provides numerous community activities. The organization's mission and most significant accomplishments are education in the areas of agriculture, science and industry, the arts and entertainment. Additionally, the Central Florida Fair is a centralized common area for people to the community to gather. IT strives to portray and provide resources for several counties including orange, seminole, brevard, lake, osceola and volusia.

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

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $171K a year · 5% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 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
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $45K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.8M
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Independent board members
34
of 34 voting members
Looks good: 34 of 34 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
+37% vs prior year
Spent
$2.6M
To programs
88%
Net assets
$2.6M
By yearFY2020–FY2025
Revenue
$2.5M
FY2021▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.9M
FY2021$2.5M
FY2022$5.2M
FY2023$2.9M
FY2024$3.0M
FY2025$3.5M
Expenses
$2.6M
FY2021▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.3M
FY2021$2.6M
FY2022$3.1M
FY2023$3.0M
FY2024$3.5M
FY2025$3.3M
Net assets
$2.6M
FY2021▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.7M
FY2021$2.6M
FY2022$4.7M
FY2023$4.5M
FY2024$4.0M
FY2025$4.1M

From the FY2021 Form 990 (year ending May 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1994.

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% · $2.3M Management & general 12% · $302K

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

33 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Memebe
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Shawn Krauel’s $329K as Former Emplo is at the 97th percentile of top reported officer pay among 1843 $1–10M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2020
Shawn Krauel$328,774$150,689

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Central Florida Fair 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 15aYes

Programs and updates

Offers community activities and education in agriculture, science, arts, and entertainment.

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Provided by the organization

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1 program · $2.3M · in their own filed words · FY2020
01

To operate exclusively for educational purposes by conducting and operating public fairs or expositions for the benefit and development of agriculture, horticulture, livestock, and other resources, for the central section of the state of florida.

$2.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$45K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Fees for servicesLn 2g$2.1M
Other incomeLn 4–11$412K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.3M
Managementcol C$302K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$693K
Total assetsLn 16$8.4M
LiabilitiesLn 26$5.8M
PeoplePt VI, VII
33
listed · VII A
PaidVII A0
Voting boardVI 1a34
IndependentVI 1b34
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.1M
Other incomeLn 4–11$412K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$693K
Cash and savings togetherLn 1–2$693K
Land, buildings, equipmentLn 10c$7.2M
Other assetsLn 15$137K
Total assetsLn 16$8.4M
LiabilitiesLn 26$5.8M
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 581
VolunteersI 6100
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$922K$693K
Land, buildings, equipmentLn 10c$3.6M$7.2M
Total assetsLn 16$8.3M$8.4M
LiabilitiesLn 26$5.6M$5.8M
Net assetsLn 32$2.7M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$241K$104K$136K
Other fees for servicesLn 11g$68K$29K$39K
Advertising and promotionLn 12$81K$81K
Office expensesLn 13$7K$6K$862
OccupancyLn 16$72K$44K$27K
InterestLn 20$25K$25K
Depreciation, depletion and amortizationLn 22$69K$69K
InsuranceLn 23$109K$109K
Other expenses (24a–d)Ln 24$1.7M$1.7M
All other expensesLn 24e$272K$174K$98K
Total functional expensesLn 25$2.6M$2.3M$302K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.5M$3.3M$130K$4.1M 990 PDF
FY2024 $3.0M$3.5M−$538K$4.0M 990 PDF
FY2023 $2.9M$3.0M−$164K$4.5M 990 PDF
FY2022 $5.2M$3.1M$2.1M$4.7M 990 PDF
FY2021 Viewing $2.5M$2.6M−$53K$2.6M 990 PDF
FY2020 $1.9M$2.3M−$415K$2.7M 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 FY2021 990 (6 parts)
Part I · Summary $2,545,959 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $2,077,018$2,134,200
I-10 Investment income$0
I-11 Other revenuePrior year −$219,454$411,759
I-12 Total revenuePrior year $1,857,564$2,545,959
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $324,831$240,554
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,948,115$2,358,099
I-18 Total expensesPrior year $2,272,946$2,598,653
I-19 Revenue less expensesPrior year −$415,382−$52,694
Part VI · Governance 34 of 34 board members independent, 2 to look at
VI-1a Voting members of the governing body34
VI-1b Independent voting members34
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,545,959 across 3 lines filed
Lines not itemized here account for $33,953 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $946,287 · Excluded from tax $1,153,960$2,100,247
VIII-6 Net rental income or lossExcluded from tax $411,759$411,759
VIII-12 Total revenueRelated to mission $980,240 · Excluded from tax $1,565,719$2,545,959
Part IX · Statement of functional expenses $2,598,653 across 10 lines filed
IX-7 Other salaries and wagesPrograms $104,240 · Management $136,314$240,554
IX-11g Other fees for servicesPrograms $28,591 · Management $39,133$67,724
IX-12 Advertising and promotionPrograms $80,772$80,772
IX-13 Office expensesPrograms $6,032 · Management $862$6,894
IX-16 OccupancyPrograms $44,351 · Management $27,175$71,526
IX-20 InterestPrograms $25,149$25,149
IX-22 Depreciation, depletion and amortizationPrograms $69,249$69,249
IX-23 InsurancePrograms $109,228$109,228
IX-24 Other expenses (24a–d)Programs $1,655,451$1,655,451
IX-24e All other expensesPrograms $173,972 · Management $98,134$272,106
IX-25 Total functional expensesPrograms $2,297,035 · Management $301,618 · Fundraising $0$2,598,653
Part X · Balance sheet $8,395,512 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $921,887$693,113
X-4 Accounts receivableStart of year $26,232$289,738
X-9 Prepaid expenses and deferred chargesStart of year $89,774$87,597
X-10c Land, buildings and equipment, netStart of year $3,647,006$7,188,539
X-15 Other assetsStart of year $3,604,871$136,525
X-16 Total assetsStart of year $8,289,770$8,395,512
X-17 Accounts payable and accrued expensesStart of year $51,748$93,199
X-19 Deferred revenueStart of year $89,850$209,198
X-25 Other liabilitiesStart of year $382,005$389,537
X-26 Total liabilitiesStart of year $5,617,208$5,775,646
X-27 Net assets without donor restrictionsStart of year $2,672,562$2,619,866
X-32 Total net assets or fund balancesStart of year $2,672,562$2,619,866
X-33 Total liabilities and net assetsStart of year $8,289,770$8,395,512
Part XI · Reconciliation of net assets $2,619,866 net assets at year end
XI-1 Total revenue$2,545,959
XI-2 Total expenses$2,598,653
XI-3 Revenue less expenses−$52,694
XI-4 Net assets at start of year$2,672,562
XI-8 Prior period adjustments−$2
XI-10 Net assets at end of year$2,619,866

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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