THE PARK OF EAST TEXAS INC DBA EAST TEXAS STATE FAIR

EIN: 750247290 501(c)(3) Recreation & Sports

TYLER, TX

Total Revenue
$3,898,570
Total Expenses
$1,561,946
Total Assets
$6,444,158
Net Assets
$5,591,016
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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
TX
Principal Officer
CODY ROSENBALM
Phone
9032458263
Tax Period
2023-01-01 to 2023-12-31

THE PARK OF EAST TEXAS INC DBA EAST TEXAS STATE FAIR, founded in 1976, is a community nonprofit in the Recreation & Sports sector that reported $3.9M in total revenue in fiscal year 2023. Revenue surged 110% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 60% operating margin.

Mission

THE PARK OF EAST TEXAS, INC (POET) OPERATES, MAINTAINS, AND SUPPORTS AN ANNUAL FAIR PRODUCED BY THE STAFF AND VOLUNTEERS OF THE PARK OF EAST TEXAS, INC. THE POET PROMOTES THE ADVANCEMENT OF EDUCATION THROUGH ESSAY CONTESTS, ART EXHIBITS AND DISPLAYS OF AGRICULTURAL AND HORTICULTURAL ADVANCEMENTS, AND TECHNIQUES AND OTHER SUBJECTS THAT ARE USFUL TO INDIVIDUALS AND BENEFICIAL TO THE COMMUNITY. THE PARK OF EAST TEXAS HAS ACQUIRED 240 ACRES WITH PLANS FOR A YEAR-ROUND MASTER PLANNED AREA WHICH INCLUDES EQUESTRIAN FACILITIES, EXHIBITION AND EXPO SPACE, MEETING ROOMS, OPEN DEMONSTRATION AND EDUCATIONAL SPACE, AN AMPHITHEATER, AN EVENTS CENTER, EQUESTRIAN AND PEDESTRIAN TRAILS AND A HOTEL. AN ENVIRONMENTALLY CONTROLLED, MULTI-PURPOSE ARENA IS PLANNED FOR PHASE 1 WITH PLANNED USAGE TO INCLUDE TRADE SHOWS, COMMENCEMENT PROGRAMS, CONVENTIONS, CONCERTS, HORSE SHOWS, CAR SHOWS, AND OTHER EVENTS LEFT TO THE IMAGINATION.

Program Service Accomplishments

Program 1
Expenses: $1,142,050 Revenue: $3,848,405

THE PARK OF EAST TEXAS, INC. (DBA EAST TEXAS STATE FAIR ASSOCIATION) OFFERS UNIQUE EDUCATIONAL OPPORTUNITIES TO YOUTH THROUGH A WIDE VARIETY OF PROGRAMS. ANNUAL SCHOLARSHIPS ARE AWARDED THROUGH THE...

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THE PARK OF EAST TEXAS, INC. (DBA EAST TEXAS STATE FAIR ASSOCIATION) OFFERS UNIQUE EDUCATIONAL OPPORTUNITIES TO YOUTH THROUGH A WIDE VARIETY OF PROGRAMS. ANNUAL SCHOLARSHIPS ARE AWARDED THROUGH THE POET AND THROUGH AN INTERNAL EDUCATIONAL COMPETITION, ACADEMIC RODEO. GRADUATING SENIORS ARE ABLE TO APPLY FOR POET SCHOLARSHILPS TO ATTEND TYLER JUNIOR COLLEGE FOR A $750 PER SEMESTER STIPEND. UP TO TEN TWO-YEAR POET SCHOLARSHIPS ARE AWARDED ANNUALLY ($30,000) TO STUDENTS ATTENDING TYLER JUNIOR COLLEGE. ACADEMIC RODEO PARTICIPANTS WHO PLACE FIRST-THIRD IN ANY COMPETITION ARE ABLE TO APPLY FOR ACADEMIC RODEO SCHOLARSHIPS. THESE SCHOLARSHIPS ARE AWARDED TO BOTH MIDDLE SCHOOL AND HIGH SCHOOL SUDENTS, FOR A TOTAL OF 10 SCHOLARSHIP AWARDS ANNUALLY. THE PARK OF EAST TEXAS IS ITS OWN EDUCATIONAL TOOL. STUDENT TOUR GROUPS VISIT THE FAIR ANNUALLY TO TOUR THE VARIOUS EXHIBITS. THESE TOURS ARE THE INITIAL EXPOSURE MANY STUDENTS HAVE TO THE WORLD OF AGRICULTURE, FARMING, AND LIVESTOCK. THE OPPORTUNITY TO DEMONSTRATE TO CHILDREN HOW AGRICULTURE TOUCHES THEIR DAILY LIVES IS AN IMPORTANT LESSON. THE EAST TEXAS STATE FAIR LIVESTOCK SHOW SUPPORTS OVER 3,500 ENTRIES AND HONORS WINNERS WITH CASH PREMIUMS TOTALING OVER $20,000 PER YEAR.

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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 $3,116
Program Service Revenue $3,847,655
Investment Income $33,143
Other Revenue $14,656
TOTAL REVENUE $3,898,570

Expense Breakdown

Grants Paid $10,550
Salaries & Benefits $632,825
Fundraising Expenses $0
Program Expenses $1,142,050
Other Expenses $918,571
TOTAL EXPENSES $1,561,946

Year-over-Year Comparison

2023 2022 Change
Revenue $3,898,570 $1,856,412 +1.1%
Expenses $1,561,946 $1,580,510 0.0%
Net Income $2,336,624 $275,902 +7.5%
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
38
Independent Members
38
Employees
56
Volunteers
30

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
$238,190
Total Directors
38
$238,190
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN SYKES CEO 40.00
Officer Director
$230,415 $7,775 $238,190
PRESTON SMITH CHAIRMAN 1.00
Officer Director
$0 $0 $0
ROY LILLY PAST CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOE CAVENDER VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
ANDREW ADAMS DIRECTOR 1.00
Director
$0 $0 $0
ANN FITZGERALD DIRECTOR 1.00
Director
$0 $0 $0
BEN JACKSON DIRECTOR 1.00
Director
$0 $0 $0
BOB BREEDLOVE DIRECTOR 1.00
Director
$0 $0 $0
BOBBY GARMON DIRECTOR 1.00
Director
$0 $0 $0
BRYAN IRWIN DIRECTOR 1.00
Director
$0 $0 $0
BRYCE HARVEY DIRECTOR 1.00
Director
$0 $0 $0
CARTER GROOMS DIRECTOR 1.00
Director
$0 $0 $0
CLARK HAMPE DIRECTOR 1.00
Director
$0 $0 $0
COURTNEY LOGGINS DIRECTOR 1.00
Director
$0 $0 $0
DAVID DIAL DIRECTOR 1.00
Director
$0 $0 $0
DERRITH BONDURANT DIRECTOR 1.00
Director
$0 $0 $0
DREW BANKSTON DIRECTOR 1.00
Director
$0 $0 $0
GEORGE ARNOLD DIRECTOR 1.00
Director
$0 $0 $0
GREG ADCOCK DIRECTOR 1.00
Director
$0 $0 $0
JEB JONES DIRECTOR 1.00
Director
$0 $0 $0
JOHN MICHAEL ROWLAND DIRECTOR 1.00
Director
$0 $0 $0
JON MOORE DIRECTOR 1.00
Director
$0 $0 $0
JON ROWAN DIRECTOR 1.00
Director
$0 $0 $0
KEVIN FOWLER DIRECTOR 1.00
Director
$0 $0 $0
SHELBIE GLOVER DIRECTOR 1.00
Director
$0 $0 $0
KENT HARRIS DIRECTOR 1.00
Director
$0 $0 $0
KYLE WATTS DIRECTOR 1.00
Director
$0 $0 $0
LINDSEY BAILES DIRECTOR 1.00
Director
$0 $0 $0
LONNY UZZELL DIRECTOR 1.00
Director
$0 $0 $0
MARK STRAWN DIRECTOR 1.00
Director
$0 $0 $0
MARK UZZELL DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL STOLTZ DIRECTOR 1.00
Director
$0 $0 $0
PATRICK COOPER DIRECTOR 1.00
Director
$0 $0 $0
PHILLIP HERNANDEZ DIRECTOR 1.00
Director
$0 $0 $0
ROY MARTINEZ DIRECTOR 1.00
Director
$0 $0 $0
SCOTT MARTINEZ DIRECTOR 1.00
Director
$0 $0 $0
TED CONOVER DIRECTOR 1.00
Director
$0 $0 $0
STAN SURRATT DIRECTOR 1.00
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
2024 No data No data No data No data
2023 $3,898,570 $1,561,946 $6,444,158 $2,336,624
2022 $1,856,412 $1,580,510 $4,090,713 $275,902
2021 $2,003,918 $1,403,648 $3,884,744 $600,270
2020 $139,970 $836,739 $2,994,784 $-696,769
2019 $1,788,337 $1,864,740 $3,390,784 $-76,403
2018 $1,462,177 $1,531,224 $3,271,593 $-69,047
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