Williamson County Fair Association INC

Tax-deductible

Round Rock, TX501(c)(3)Recreation & SportsEIN 84-3568779Revenue $470K in FY2024

On file with the IRSwilcofair.com211 Round Rock Ave, 78664-5139 · Round Rock, TXTax-exempt since Apr 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Provide a fun, family event that educates the public, promotes agriculture, and brings communities together to celebrate the traditions of Williamson County. Its main purpose is to educate the residents, particulary the youth, of Williamson County and the surrounding communities on agricultural matters.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 40 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
4 of 4
filings with a surplus
Average surplus $66K a year · 16% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$42K
to officers and key staff · 10% of spending
Top officer’s pay higher than 55% of similar orgs
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$101K
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$470K
-5% vs prior year
Spent
$414K
To programs
86%
Net assets
$95K
By yearFY2020–FY2024
Revenue
$470K
FY2024▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$50K
FY2021$284K
FY2022$364K
FY2023$495K
FY2024$470K
Expenses
$414K
FY2024▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$215K
FY2022$343K
FY2023$377K
FY2024$414K
Net assets
$95K
FY2024▼ -52%
Tap a bar for its year
Net assets by fiscal year
FY2020$16K
FY2021$95K
FY2022$81K
FY2023$199K
FY2024$95K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2021.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $358K Management & general 14% · $56K

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

20 people listed on the 990; $42K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executiive D
$41,750Pt VII · Sec A
Rodeo Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vendor Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Secret
$0Pt VII · Sec A
Former Vice
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kelley Hernandez’s $42K as Executiive D is at the 55th percentile of top reported officer pay among 1017 $100K–1M 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.

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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 Williamson County traditions through fun, family-friendly events promoting agriculture and community.

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Provided by the organization

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1 program · $358K · in their own filed words · FY2024
01

Host events that focus on showing the best products in categories aimed at obtaining the interest of young people in agriculture and educating them in the newest and best techniques of farming, livestock raising, and homemaking. First event was a cattle, lamb, and goat show in october 2020.

$358Kprogram 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$20K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$470K
Ln 12
Gifts and grantsLn 1h$271K
Fees for servicesLn 2g$199K
Money outPt IX
$414K
Ln 25
Programscol B$358K
Managementcol C$56K
Owns and owesPt X
$95K
net assets · Ln 32
Cash and savingsLn 1–2$149K
Total assetsLn 16$196K
LiabilitiesLn 26$101K
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$271K
Fees for servicesLn 2g$199K
Total revenueLn 12$470K
Assets in detailPt X, end of year
CashLn 1$149K
Cash and savings togetherLn 1–2$149K
Total assetsLn 16$196K
LiabilitiesLn 26$101K
Net assetsLn 32$95K
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
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$262K$149K
Total assetsLn 16$299K$196K
LiabilitiesLn 26$100K$101K
Net assetsLn 32$199K$95K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$42K$42K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$228K$228K
Advertising and promotionLn 12$30K$30K
Office expensesLn 13$29K$6K$23K
RoyaltiesLn 15$397$397
OccupancyLn 16$47K$17K$30K
TravelLn 17$13K$13K
InterestLn 20$258$258
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$17K$13K$4K
Total functional expensesLn 25$414K$358K$56K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $470K$414K$56K$95K 990 PDF
FY2023 $495K$377K$119K$199K 990 PDF
FY2022 $364K$343K$20K$81K 990 PDF
FY2021 $284K$215K$69K$95K 990 PDF
FY2020 $50K$16K 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 $470,463 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $141,000$271,320
I-9 Program service revenuePrior year $354,436$199,143
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $495,436$470,463
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$41,750
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $376,774$372,514
I-18 Total expensesPrior year $376,774$414,264
I-19 Revenue less expensesPrior year $118,662$56,199
Part VI · Governance 20 of 20 board members independent, 4 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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 $470,463 across 4 lines filed
VIII-1f All other contributions, gifts and grants$271,320
VIII-1h Total contributions, gifts and grants$271,320
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $199,143$199,143
VIII-12 Total revenueRelated to mission $199,143$470,463
Part IX · Statement of functional expenses $414,264 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $41,750$41,750
IX-11c Accounting feesPrograms $1,900$1,900
IX-11g Other fees for servicesPrograms $227,807$227,807
IX-12 Advertising and promotionPrograms $30,491$30,491
IX-13 Office expensesPrograms $5,898 · Management $22,624$28,522
IX-15 RoyaltiesPrograms $397$397
IX-16 OccupancyPrograms $16,828 · Management $29,891$46,719
IX-17 TravelPrograms $12,639$12,639
IX-20 InterestPrograms $258$258
IX-23 InsurancePrograms $6,969$6,969
IX-24 Other expenses (24a–d)Programs $13,215 · Management $3,597$16,812
IX-25 Total functional expensesPrograms $358,152 · Management $56,112 · Fundraising $0$414,264
Part X · Balance sheet $195,979 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $262,207$149,479
X-4 Accounts receivableStart of year $37,000$46,500
X-16 Total assetsStart of year $299,207$195,979
X-17 Accounts payable and accrued expenses$652
X-25 Other liabilitiesStart of year $100,000$100,000
X-26 Total liabilitiesStart of year $100,000$100,652
X-27 Net assets without donor restrictionsStart of year $199,207$95,327
X-32 Total net assets or fund balancesStart of year $199,207$95,327
X-33 Total liabilities and net assetsStart of year $299,207$195,979
Part XI · Reconciliation of net assets $95,327 net assets at year end
XI-1 Total revenue$470,463
XI-2 Total expenses$414,264
XI-3 Revenue less expenses$56,199
XI-4 Net assets at start of year$199,207
XI-9 Other changes in net assets−$160,079
XI-10 Net assets at end of year$95,327

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

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