SOUTHEAST ALASKA STATE FAIR INC

EIN: 237078520 501(c)(3) Recreation & Sports

Haines, AK

Total Revenue
$377,338
Total Expenses
$435,013
Total Assets
$1,512,752
Net Assets
$1,508,005
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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
AK
Principal Officer
Amanda Stossel
Phone
9077662476
Tax Period
2023-01-01 to 2023-12-31

SOUTHEAST ALASKA STATE FAIR INC, founded in 1969, is a small nonprofit in the Recreation & Sports sector that reported $377K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $435K exceeded revenue, resulting in a 15% operating deficit.

Mission

Southeast Alaska State Fair Inc enriches community by hosting celebrations of heritage, creativity, and social exchange. Southeast Alaska State Fair hosts a regional Fair and plans and operates other events that enhance the economic, cultural, and creative well-being of Haines and the region, and encourages year-round use of the fairgrounds or educational and active pursuits.

Program Service Accomplishments

Program 1
Expenses: $43,940 Revenue: $114,809

The Great Alaska Craft Beer & Home Brew Festival showcases beers from all over Alaska and the Yukon, and draws a crowd from all over North America. We proudly present the best brews from over 25...

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The Great Alaska Craft Beer & Home Brew Festival showcases beers from all over Alaska and the Yukon, and draws a crowd from all over North America. We proudly present the best brews from over 25 regional breweries, cideries, and distributors across the region. The event begins with a gourmet brewers dinners on Friday evening and is followed the next day by 4 hours of exquisite brews, great food, good music, and most important of all, great company with like-minded enthusiasts!

Program 2
Expenses: $11,845 Revenue: $23,393

Fisherman's BBQ is a community event held at the beginning of the summer. It is a time for everyone to come together and celebrate before the fishing season starts.

Program 3
Expenses: $79,136 Revenue: $164,158

The Southeast Alaska State Fair is a community event organized and orchestrated for the betterment of both our local community and those around us. The Southeast Alaska State Fair hosts a 4 day event...

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The Southeast Alaska State Fair is a community event organized and orchestrated for the betterment of both our local community and those around us. The Southeast Alaska State Fair hosts a 4 day event full of art, music, food and family for everyone to enjoy. Many attendees come from surrounding communities to take part in the four days of fun. There is a logging contest, a children's stage, fair rides and a variety of live music on the big stage.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $21,893
Program Service Revenue $302,542
Investment Income $0
Other Revenue $52,903
TOTAL REVENUE $377,338

Expense Breakdown

Grants Paid $0
Salaries & Benefits $175,262
Fundraising Expenses $0
Program Expenses $282,953
Other Expenses $259,751
TOTAL EXPENSES $435,013

Year-over-Year Comparison

2023 2022 Change
Revenue $377,338 $466,661 -0.2%
Expenses $435,013 $362,014 +0.2%
Net Income $-57,675 $104,647 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
11
Volunteers
350

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$52,668
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Amanda Stossel Interim Executive Director 40
Officer Highest
$52,668 $0 $52,668
Shannon Steven Vice President 2
Director
$0 $0 $0
Nick Schlosstein Secretary 2
Director
$0 $0 $0
Peter Dwyer Treasurer 2
Director
$0 $0 $0
Spencer Douthit Member 2
Director
$0 $0 $0
Lizi Wirak Member 2
Director
$0 $0 $0
Jack Smith Member 2
Director
$0 $0 $0
Jax Funkhouser Member 2
Director
$0 $0 $0
Jeremy Reed President 2
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $377,338 $435,013 $1,512,752 $-57,675
2022 $466,661 $362,014 $1,560,629 $104,647
2021 $327,648 $331,470 $1,450,595 $-3,822
2020 $214,462 $226,524 $1,474,135 $-12,062
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