San Mateo County Expostion and Fair Association

Tax-deductible

San Mateo, CA501(c)(3)Since 1938Recreation & SportsEIN 94-1253708Revenue $15.0M in FY2024

On file with the IRSsmcec.co2495 S Delaware St, 94403-1902 · San Mateo, CATax-exempt since Apr 1948Publicly supported — 509(a)(2)

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The purpose of the San Mateo County event center is to produce the annual San Mateo County Fair and provide facilities and gounds that can be used for events, conventions, shows, expositions, training and education seminars during the year. The association's facilities and grounds are also used by the various County and city agencies for taining and public events.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 50 volunteers and 357 employees.
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 5
filings with a surplus
Average surplus $2.5M a year · 19% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$967K
to officers and key staff · 8% of spending
Top officer’s pay lower than 60% of similar orgs
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 13.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$745K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.0M
+3% vs prior year
Spent
$11.6M
To programs
100%
Net assets
$19.1M
By yearFY2020–FY2024
Revenue
$15.0M
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.7M
FY2021$16.0M
FY2022$13.4M
FY2023$14.6M
FY2024$15.0M
Expenses
$11.6M
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.7M
FY2021$12.2M
FY2022$11.4M
FY2023$11.4M
FY2024$11.6M
Net assets
$19.1M
FY2024▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.7M
FY2021$10.4M
FY2022$12.5M
FY2023$15.7M
FY2024$19.1M

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 Apr 1948.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $11.6M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $967K paid to officers and key staff.

Part VII, Section A · reportable compensation
$288,161Pt VII · Sec A
$190,505Pt VII · Sec A
$179,973Pt VII · Sec A
$155,919Pt VII · Sec A
$148,341Pt VII · Sec A
Director
$1,200Pt VII · Sec A
$1,200Pt VII · Sec A
$1,000Pt VII · Sec A

Dana Stoehr’s $288K as CEO is at the 40th percentile of top reported officer pay among 290 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Dana Stoehr$288,161$264,527$257,813$231,438$209,865
Charlene King$190,505$181,432$175,439$155,854$138,446
Kletra B Newton————$185,773
Darryl Reavis$179,973$172,192$171,512$148,727$135,716
Monique Catley$155,919$139,288———
Justin Aquino$148,341$143,676$134,906$125,944—
Stephen Roach——$140,643——
Benjamin Maldonado———$113,831—

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 San Mateo County Expostion and Fair Association 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

Hosts the county fair and offers event spaces for various gatherings.

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Provided by the organization

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1 program · $11.6M · in their own filed words · FY2024
01

The association operates the san mateo event center (fairgrounds) under contract with the county of san mateo. The event center provides a venue for public and private shows, which includes the annual san mateo county fair, facilities rentals, the jockey club, parking and RV park, and food and beverages.

$11.6Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$15.0M
Ln 12
Fees for servicesLn 2g$14.5M
Investment incomeLn 3$524K
Money outPt IX
$11.6M
Ln 25
Programscol B$11.6M
Owns and owesPt X
$19.1M
net assets · Ln 32
Cash and savingsLn 1–2$13.3M
Total assetsLn 16$19.8M
LiabilitiesLn 26$745K
PeoplePt VI, VII
15
listed · VII A
PaidVII A9
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$14.5M
Investment incomeLn 3$524K
Total revenueLn 12$15.0M
Assets in detailPt X, end of year
CashLn 1$2.4M
SavingsLn 2$10.9M
Cash and savings togetherLn 1–2$13.3M
Land, buildings, equipmentLn 10c$3.0M
Other assetsLn 15$1.8M
Total assetsLn 16$19.8M
LiabilitiesLn 26$745K
Net assetsLn 32$19.1M
OperationsPt I, VI
EmployeesI 5357
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$12.8M$13.3M
Land, buildings, equipmentLn 10c$1.7M$3.0M
Total assetsLn 16$16.4M$19.8M
LiabilitiesLn 26$744K$745K
Net assetsLn 32$15.7M$19.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$292K$292K
Other salaries and wagesLn 7$4.5M$4.5M
Pension plan contributionsLn 8$31K$31K
Other employee benefitsLn 9$103K$103K
Payroll taxesLn 10$87K$87K
Legal feesLn 11b$15K$15K
Other fees for servicesLn 11g$706K$706K
Advertising and promotionLn 12$256K$256K
Office expensesLn 13$343K$343K
Information technologyLn 14$191K$191K
TravelLn 17$45K$45K
Depreciation, depletion and amortizationLn 22$305K$305K
InsuranceLn 23$310K$310K
Other expenses (24a–d)Ln 24$2.1M$2.1M
All other expensesLn 24e$2.3M$2.3M
Total functional expensesLn 25$11.6M$11.6M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $15.0M$11.6M$3.4M$19.1M 990 PDF
FY2023 $14.6M$11.4M$3.2M$15.7M 990 PDF
FY2022 $13.4M$11.4M$2.0M$12.5M 990 PDF
FY2021 $16.0M$12.2M$3.8M$10.4M 990 PDF
FY2020 $7.7M$7.7M−$47K$6.7M 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 FY2024 990 (6 parts)
Part I · Summary $15,045,449 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $14,313,320$14,520,971
I-10 Investment incomePrior year $307,115$524,478
I-11 Other revenue$0
I-12 Total revenuePrior year $14,620,435$15,045,449
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $4,865,903$5,013,581
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $6,550,711$6,604,838
I-18 Total expensesPrior year $11,416,614$11,618,419
I-19 Revenue less expensesPrior year $3,203,821$3,427,030
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $15,045,449 across 3 lines filed
Lines not itemized here account for $1,753,557 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,767,414$12,767,414
VIII-3 Investment incomeExcluded from tax $524,478$524,478
VIII-12 Total revenueRelated to mission $14,520,971 · Excluded from tax $524,478$15,045,449
Part IX · Statement of functional expenses $11,618,419 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $292,161$292,161
IX-7 Other salaries and wagesPrograms $4,499,899$4,499,899
IX-8 Pension plan contributionsPrograms $31,144$31,144
IX-9 Other employee benefitsPrograms $103,321$103,321
IX-10 Payroll taxesPrograms $87,056$87,056
IX-11b Legal feesPrograms $14,852$14,852
IX-11g Other fees for servicesPrograms $706,133$706,133
IX-12 Advertising and promotionPrograms $255,898$255,898
IX-13 Office expensesPrograms $342,732$342,732
IX-14 Information technologyPrograms $191,120$191,120
IX-17 TravelPrograms $44,713$44,713
IX-22 Depreciation, depletion and amortizationPrograms $304,508$304,508
IX-23 InsurancePrograms $309,963$309,963
IX-24 Other expenses (24a–d)Programs $2,117,387$2,117,387
IX-24e All other expensesPrograms $2,317,532$2,317,532
IX-25 Total functional expensesPrograms $11,618,419 · Management $0 · Fundraising $0$11,618,419
Part X · Balance sheet $19,833,572 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,419,494$2,421,329
X-2 Savings and temporary cash investmentsStart of year $10,427,897$10,905,226
X-4 Accounts receivableStart of year $320,909$1,565,192
X-8 Inventories for sale or useStart of year $60,266$52,076
X-9 Prepaid expenses and deferred chargesStart of year $5,550$18,186
X-10c Land, buildings and equipment, netStart of year $1,717,283$3,025,487
X-15 Other assetsStart of year $1,464,600$1,846,076
X-16 Total assetsStart of year $16,415,999$19,833,572
X-17 Accounts payable and accrued expensesStart of year $396,736$410,371
X-19 Deferred revenueStart of year $173,721$167,779
X-25 Other liabilitiesStart of year $173,231$166,631
X-26 Total liabilitiesStart of year $743,688$744,781
X-27 Net assets without donor restrictionsStart of year $15,672,311$19,088,791
X-32 Total net assets or fund balancesStart of year $15,672,311$19,088,791
X-33 Total liabilities and net assetsStart of year $16,415,999$19,833,572
Part XI · Reconciliation of net assets $19,088,791 net assets at year end
XI-1 Total revenue$15,045,449
XI-2 Total expenses$11,618,419
XI-3 Revenue less expenses$3,427,030
XI-4 Net assets at start of year$15,672,311
XI-8 Prior period adjustments−$10,550
XI-10 Net assets at end of year$19,088,791

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

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