Williamson County Fair Association INC

Tax-deductible

Franklin, TN501(c)(3)Recreation & SportsEIN 81-0644815Revenue $1.7M in FY2024

On file with the IRSwilliamsoncountyfair.orgPo Box 329, 37065-0329 · Franklin, TNTax-exempt since Feb 2005Publicly supported — 509(a)(2)

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The mission of the Williamson County Fair Association, INC. Is to present a County Fair commencing in 2005 that will celebrate our agricultural past, present and future; provide learning opportunities for people of all ages; and generate revenue to reinvest in the Williamson County agexpo park.

501(c)(3) charity; gifts are tax-deductible.
41¢ of each $1 spent went to programs.
Run by 150 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
5 of 5
filings with a surplus
Average surplus $393K a year · 30% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
41%
of spending
Concern: 41% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
27 mo
of spending, in cash
Looks good: 26.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+3% vs prior year
Spent
$1.3M
To programs
41%
Net assets
$2.9M
By yearFY2020–FY2024
Revenue
$1.7M
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$390K
FY2021$1.3M
FY2022$1.5M
FY2023$1.7M
FY2024$1.7M
Expenses
$1.3M
FY2024▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$220K
FY2021$893K
FY2022$1.0M
FY2023$1.2M
FY2024$1.3M
Net assets
$2.9M
FY2024▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.5M
FY2022$2.0M
FY2023$2.5M
FY2024$2.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2005.

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

Where the money goes

41 cents of each dollar spent went to programs.

Program services 41% · $507K Management & general 50% · $621K Fundraising 10% · $123K

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

24 people listed on the 990.

Part VII, Section A · reportable compensation
Fair Chairma
$0Pt VII · Sec A
Chair-Elect
$0Pt VII · Sec A
1st Vice-Cha
$0Pt VII · Sec A
2nd Vice-Cha
$0Pt VII · Sec A
3rd Vice-Cha
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Williamson County Fair Association 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

Celebrates agricultural heritage and provides learning opportunities through an annual county fair.

Questions for Williamson County Fair Association INC

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Provided by the organization

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1 program · $507K · in their own filed words · FY2024
01

The mission of the williamson county fair association, inc. Is to present a county fair commencing in 2005 that will celebrate our agricultural past, present, and future; provide learning opportunities for people of all ages; and generate revenue to reinvest in the williamson county agexpo park.

$507Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.2M
Gifts and grantsLn 1h$406K
Investment incomeLn 3$81K
Money outPt IX
$1.3M
Ln 25
Programscol B$507K
Managementcol C$621K
Fundraisingcol D$123K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.8M
Total assetsLn 16$2.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$406K
Noncash giftsLn 1g$69K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$81K
Other incomeLn 4–11$11K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$671K
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$2.8M
Land, buildings, equipmentLn 10c$123K
Total assetsLn 16$2.9M
LiabilitiesLn 26$0
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6150
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$2.4M$2.8M
Land, buildings, equipmentLn 10c$96K$123K
Total assetsLn 16$2.5M$2.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.5M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Legal feesLn 11b$45$45
Other fees for servicesLn 11g$344K$42K$202K$100K
Advertising and promotionLn 12$117K$80K$22K$14K
Office expensesLn 13$54K$15K$35K$4K
Information technologyLn 14$7K$3K$3K$2K
OccupancyLn 16$236K$53K$183K
TravelLn 17$15K$3K$12K
Depreciation, depletion and amortizationLn 22$19K$19K
InsuranceLn 23$35K$35K
Other expenses (24a–d)Ln 24$374K$247K$127K$780
All other expensesLn 24e$45K$41K$1K$3K
Total functional expensesLn 25$1.3M$507K$621K$123K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.7M$1.3M$473K$2.9M 990 PDF
FY2023 $1.7M$1.2M$439K$2.5M 990 PDF
FY2022 $1.5M$1.0M$521K$2.0M 990 PDF
FY2021 $1.3M$893K$364K$1.5M 990 PDF
FY2020 $390K$220K$170K$1.1M 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 $1,723,407 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $152,450$405,781
I-9 Program service revenuePrior year $1,462,463$1,225,543
I-10 Investment incomePrior year $71,164$80,764
I-11 Other revenuePrior year −$11,187$11,319
I-12 Total revenuePrior year $1,674,890$1,723,407
I-13 Grants and similar amounts paid$4,600
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $297,286$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $938,753$1,245,821
I-18 Total expensesPrior year $1,236,039$1,250,421
I-19 Revenue less expensesPrior year $438,851$472,986
Part VI · Governance 24 of 24 board members independent, 3 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,723,407 across 7 lines filed
Lines not itemized here account for $4,428 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$405,781
VIII-1g Noncash contributions (included above)$69,253
VIII-1h Total contributions, gifts and grants$405,781
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,219,676$1,219,676
VIII-3 Investment incomeExcluded from tax $80,764$80,764
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $12,758$12,758
VIII-12 Total revenueRelated to mission $1,236,862 · Excluded from tax $80,764$1,723,407
Part IX · Statement of functional expenses $1,250,421 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $4,600$4,600
IX-11b Legal feesManagement $45$45
IX-11g Other fees for servicesPrograms $42,300 · Management $201,928 · Fundraising $99,854$344,082
IX-12 Advertising and promotionPrograms $80,421 · Management $22,217 · Fundraising $14,275$116,913
IX-13 Office expensesPrograms $14,567 · Management $35,221 · Fundraising $3,827$53,615
IX-14 Information technologyPrograms $2,841 · Management $2,951 · Fundraising $1,610$7,402
IX-16 OccupancyPrograms $52,974 · Management $182,879$235,853
IX-17 TravelPrograms $3,007 · Management $11,765$14,772
IX-22 Depreciation, depletion and amortizationPrograms $18,689$18,689
IX-23 InsuranceManagement $35,293$35,293
IX-24 Other expenses (24a–d)Programs $246,637 · Management $126,959 · Fundraising $780$374,376
IX-24e All other expensesPrograms $40,860 · Management $1,331 · Fundraising $2,590$44,781
IX-25 Total functional expensesPrograms $506,896 · Management $620,589 · Fundraising $122,936$1,250,421
Part X · Balance sheet $2,945,578 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $834,055$671,246
X-2 Savings and temporary cash investmentsStart of year $1,517,643$2,131,749
X-8 Inventories for sale or useStart of year $10,751$4,822
X-9 Prepaid expenses and deferred chargesStart of year $13,804$14,757
X-10c Land, buildings and equipment, netStart of year $96,339$123,004
X-16 Total assetsStart of year $2,472,592$2,945,578
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,472,592$2,945,578
X-32 Total net assets or fund balancesStart of year $2,472,592$2,945,578
X-33 Total liabilities and net assetsStart of year $2,472,592$2,945,578
Part XI · Reconciliation of net assets $2,945,578 net assets at year end
XI-1 Total revenue$1,723,407
XI-2 Total expenses$1,250,421
XI-3 Revenue less expenses$472,986
XI-4 Net assets at start of year$2,472,592
XI-10 Net assets at end of year$2,945,578

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

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