CHESTERFIELD COUNTY FAIR ASSOCIATION

EIN: 540760765 501(c)(3) Recreation & Sports

CHESTERFIELD, VA

Total Revenue
$718,526
Total Expenses
$738,313
Total Assets
$821,250
Net Assets
$821,250
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1914
Legal Domicile
VA
Phone
8046980857
Tax Period
2023-01-01 to 2023-12-31

CHESTERFIELD COUNTY FAIR ASSOCIATION INC, founded in 1914, is a small nonprofit in the Recreation & Sports sector that reported $417K in total revenue in fiscal year 2018. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $394K left a modest 6% surplus.

Mission

PLAN DEVELOPE AND PUT ON AN ANNUAL ARGICULTURAL FAIR THAT EDUCATES AND ENTERTAINS THE GENERAL PUBLIC.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,452
Program Service Revenue $716,727
Investment Income $347
Other Revenue $0
TOTAL REVENUE $718,526

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,600
Fundraising Expenses $0
Program Expenses $599,887
Other Expenses $710,713
TOTAL EXPENSES $738,313

Year-over-Year Comparison

2023 2022 Change
Revenue $718,526 $662,924 +0.1%
Expenses $738,313 $319,236 +1.3%
Net Income $-19,787 $343,688 -1.1%
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
13
Independent Members
13
Employees
N/A
Volunteers
140

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
4
$10,600
Total Directors
10
$2,000
Key Employees
1
$2,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Terry Lynn President 1.00
Officer
$0 $0 $0
DEBRA KNESAL VICE PRESIDENT 0.00
Officer
$600 $0 $600
LORIE LYTHGOE TREASURER 0.00
Officer
$5,000 $0 $5,000
DONNIE YANCEY SECRETARY 0.00
Officer
$5,000 $0 $5,000
BRENDA WHITE VAUGHN DIRECTOR 0.00
Highest
$15,000 $0 $15,000
DANA GEDDES DIRECTOR 0.00
Director
$0 $0 $0
BRANDON CHESTER DIRECTOR 0.00
Director
$0 $0 $0
GREG PETRELLA DIRECTOR 0.00
Director
$0 $0 $0
DUSTIN HORTON DIRECTOR 0.00
Director
$0 $0 $0
JAMES VERLANDER DIRECTOR 0.00
Director
$0 $0 $0
PAUL DIMING DIRECTOR 0.00
Director
$0 $0 $0
CARY ALLEN DIRECTOR INDOOR MGR 0.00
Director Key Emp
$2,000 $0 $2,000
TARA CARROL DIRECTOR 0.00
Director
$0 $0 $0
LORNA THWAITES DIRECTOR 0.00
Director
$0 $0 $0
STEPHANIE RECTOR DIRECTOR 0.00
Director
$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
2023 $718,526 $738,313 $821,250 $-19,787
2022 $662,924 $319,236 $841,037 $343,688
2021 $460,001 $254,915 $482,949 $205,086
2020 $3,828 $48,133 $344,705 $-44,305
2019 $486,001 $386,061 $392,757 $99,940
2018 $417,300 $393,792 $292,230 $23,508
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