WASHINGTON STATE FAIR FOUNDATION

EIN: 261250496 501(c)(3) Youth Development

PUYALLUP, WA

Total Revenue
$853,492
Total Expenses
$637,515
Total Assets
$4,790,020
Net Assets
$4,790,020
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
WA
Principal Officer
JERRY LARSON
Phone
2538411771
Tax Period
2023-12-01 to 2024-11-30

WASHINGTON STATE FAIR FOUNDATION, founded in 2007, is a small nonprofit in the Youth Development sector that reported $853K in total revenue in fiscal year 2023. The organization ran a surplus of $216K, a strong 25% operating margin.

Mission

THE MISSON OF THE WASHINGTON STATE FAIR FOUNDATION IS TO FINANCIALLY SUPPORT THE SCHOLARSHIP AND EDUCATIONAL PROGRAMS OF THE WASHINGTON STATE FAIR AND TO HELP PRESERVE AND IMPROVE THE WASHINGTON STATE FAIR FOR FUTURE GENERATIONS.

Program Service Accomplishments

Program 1
Expenses: $174,000

BLUE RIBBON SCHOLARSHIP PROGRAM - THE WASHINGTON STATE FAIR FOUNDATION IS PLEASED TO PRESENT OVER $170,000 IN SCHOLARSHIP OPPORTUNITIES TO STUDENTS RESIDING IN WASHINGTON STATE FOR THE FISCAL YEAR...

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BLUE RIBBON SCHOLARSHIP PROGRAM - THE WASHINGTON STATE FAIR FOUNDATION IS PLEASED TO PRESENT OVER $170,000 IN SCHOLARSHIP OPPORTUNITIES TO STUDENTS RESIDING IN WASHINGTON STATE FOR THE FISCAL YEAR ENDING NOVEMBER 30, 2024. AWARDS WERE PAID TO THE COLLEGE, UNIVERSITIES AND VOCATIONAL TECHNICAL SCHOOLS THE AWARDEES ATTENDED. THE BLUE RIBBON SCHOLARSHIP PROGRAM IS MADE POSSIBLE BY THE GENEROSITY OF THE FOUNDATION'S DONORS. SINCE THE INCEPTION OF THE PROGRAM, OVER $1,900,000 IN AWARDS HAVE BEEN DISTRIBUTED TO STUDENTS ACROSS WASHINGTON STATE PURSUING HIGHER EDUCATION. IN ADDITION TO THE ENDOWED SCHOLARSHIPS SET UP BY DONOR FAMILIES, THE PROGRAM IS PRIMARILY SUPPORTED BY AN ANNUAL ROUND UP AUCTION THAT TAKES PLACE EACH AUGUST

Program 2
Expenses: $50,000

TRAVELING FARM - THE TRAVELING FARM IS WASHINGTON'S FOOD AND FARMING STORY: A FREE, EXCITING, HANDS-ON EXHIBIT AT THE WASHINGTON STATE FAIR THAT CONNECTS KIDS AND FAMILIES TO OUR STATE'S AGRICULTURE...

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TRAVELING FARM - THE TRAVELING FARM IS WASHINGTON'S FOOD AND FARMING STORY: A FREE, EXCITING, HANDS-ON EXHIBIT AT THE WASHINGTON STATE FAIR THAT CONNECTS KIDS AND FAMILIES TO OUR STATE'S AGRICULTURE INDUSTRY, THE FARMERS THAT PRODUCE THE FOOD WE EAT AND THE CONNECTION TO HEALTHY EATING CHOICES. IN 2024 THE FOUNDATION CONTRIBUTED $20,666 IN PLEDGE PAYMENTS.

Program 3
Expenses: $131,790

CATTLE BIRTHING CENTER - THE CATTLE BIRTHING CENTER IS AN EDUCATIONAL EXHIBIT THAT IS FREE TO THE PUBLIC THAT PROVIDES A VENUE TO LEARN ABOUT LIVESTOCK BIRTHS AND INCLUDES A LIVE ANIMAL COMPONENT...

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CATTLE BIRTHING CENTER - THE CATTLE BIRTHING CENTER IS AN EDUCATIONAL EXHIBIT THAT IS FREE TO THE PUBLIC THAT PROVIDES A VENUE TO LEARN ABOUT LIVESTOCK BIRTHS AND INCLUDES A LIVE ANIMAL COMPONENT WHERE GUESTS CAN WATCH LIVESTOCK BE BORN IN A REAL TIME FORMAT. THE CENTER HAS EDUCATIONAL AND INTERACTIVE EXHIBITS THAT ARE FREE TO GUESTS AND PROVIDE THEM WITH INSIGHT AND FACTS ABOUT LIVESTOCK, RANCHING, AND HOW THE BIRTHING OF ANIMALS WORKS ON THESE RANCHES AND FARMS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $564,831
Program Service Revenue $0
Investment Income $206,077
Other Revenue $82,584
TOTAL REVENUE $853,492

Expense Breakdown

Grants Paid $424,121
Salaries & Benefits $106,434
Fundraising Expenses $0
Program Expenses $479,780
Other Expenses $106,960
TOTAL EXPENSES $637,515

Year-over-Year Comparison

2023 2022 Change
Revenue $853,492 $849,384 +0.0%
Expenses $637,515 $674,780 -0.1%
Net Income $215,977 $174,604 +0.2%
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
20
Independent Members
16
Employees
N/A
Volunteers
110

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
5
$476,668
Total Directors
22
$502,668
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY LARSON DIRECTOR, PRESIDENT 10.00
Officer Director
$0 $0 $23,000
JEFF MCVICKER DIRECTOR, VICE-PRESIDENT 10.00
Officer Director
$0 $0 $23,000
RENEE MCCLAIN DIRECTOR, SECRETARY 10.00
Officer Director
$0 $14,868 $253,268
BILLY YUN FORMER DIRECTOR, TREASURER 10.00
Officer Director
$0 $0 $177,400
GEOFFREY COLE DIRECTOR, TREASURER 10.00
Officer Director
$0 $0 $0
MICHAEL NELSON DIRECTOR 2.00
Director
$0 $0 $26,000
CLINT ABSHER DIRECTOR 2.00
Director
$0 $0 $0
KRISTINA ALLUMS DIRECTOR 2.00
Director
$0 $0 $0
MARY BAKER DIRECTOR 2.00
Director
$0 $0 $0
CHRISSY BARTLETT DIRECTOR 2.00
Director
$0 $0 $0
TANJA BISHOP DIRECTOR 2.00
Director
$0 $0 $0
JEFF CHAMBERS DIRECTOR 2.00
Director
$0 $0 $0
MIKE EGAN DIRECTOR 2.00
Director
$0 $0 $0
BARB BRINER DIRECTOR 2.00
Director
$0 $0 $0
JOLENE JONES DIRECTOR 2.00
Director
$0 $0 $0
GARY LARSON DIRECTOR 2.00
Director
$0 $0 $0
TABATHA JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
LIN MILLER DIRECTOR 2.00
Director
$0 $0 $0
KATI O'BRIEN DIRECTOR 2.00
Director
$0 $0 $0
TOM SHJERVEN DIRECTOR 2.00
Director
$0 $0 $0
BLAIR SEXTON DIRECTOR 2.00
Director
$0 $0 $0
JOHN WATERSTRAAT DIRECTOR 2.00
Director
$0 $0 $0
KENT HOJEM FORMER DIRECTOR, SECRETARY 10.00
$0 $0 $210,113
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 $853,492 $637,515 $4,790,020 $215,977
2023 $849,384 $674,780 $4,219,235 $174,604
2022 $1,298,430 $1,271,424 $4,002,176 $27,006
2021 $791,318 $483,971 $4,707,280 $307,347
2020 $470,404 $519,199 $4,198,111 $-48,795
2019 $610,088 $637,623 $3,912,675 $-27,535
2018 $1,626,765 $1,664,127 $3,734,022 $-37,362
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