Overview
What is Washington State Fair Foundation?
The Washington State Fair Foundation is a nonprofit organization situated in Puyallup, Washington. Its primary mission is to financially support the educational and scholarship programs of the Washington State Fair, ensuring their continuity for future generations. This is achieved through various means, including an annual fundraising event called the Round Up Auction. The Foundation's most notable initiative is the Blue Ribbon Scholarship Program, which offers over $125,000 in scholarships annually to students residing in Washington State. Since its inception, the program has distributed over $1.7 million in awards to support higher education. The Foundation's activities are made possible by the generosity of its donors.
Official website here: www.thefair.com/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating).
The Washington State Fair Foundation has demonstrated solid performance in accountability and finance, earning an overall score of 88%. This rating reflects a commitment to transparency and effective financial management, with all points derived from their accountability and finance metrics. The foundation has a majority of independent board members and a strong audit and oversight committee, which indicates robust governance practices.
Strengths include a high program expense ratio of 70.29%, demonstrating that a significant portion of funds is directed towards programs rather than administrative costs. Additionally, the organization maintains a low liabilities to assets ratio of 0.08%, signifying a stable financial position. Transparency is further highlighted by the posting of financial documents and meeting minutes on their website.
However, there are areas for improvement, particularly concerning the absence of conflict of interest and whistleblower policies, which received a score of zero. Addressing these gaps could enhance their governance framework and further strengthen stakeholder trust. Overall, while the foundation demonstrates strong financial stewardship, enhancing policy frameworks would be beneficial.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Washington State Fair Foundation?
94% of 6 reviewers on Facebook recommend the Washington State Fair Foundation. Here’s an overview of their comments:
Many reviewers express a strong appreciation for the foundation's commitment to community outreach and support for local initiatives. The organization is recognized for its passionate team and genuine efforts to enhance the community through various programs. Participants shared positive experiences, highlighting that their donations are effectively utilized to benefit local children and schools.
Overall, the sentiment is overwhelmingly positive, with people looking forward to engaging with the foundation’s events and activities. The consensus is clear: the Washington State Fair Foundation truly makes a meaningful impact in the local area, and supporters feel confident in both their contributions and the foundation’s mission.
This AI summary has been generated from reviews found on Facebook.
Is Washington State Fair Foundation legitimate?
Washington State Fair Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington State Fair Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $101,369
For more financial information, click here
Official website here: www.thefair.com/foundation
What is the mission statement of Washington State Fair Foundation?
The Washington State Fair Foundation's mission is centered around financially supporting scholarly and educational initiatives at the Washington State Fair. Their goal is to preserve and enhance the fair for future generations. The foundation carries out this mission through various means, including the Blue Ribbon Scholarship Program. This program offers over $125,000 in scholarship opportunities annually to students residing in Washington State, contributing towards their higher education at colleges, universities, and vocational technical schools. Since its inception, the program has distributed over $1.7 million in awards to students across the state. The majority of the program's support comes from an annual round-up auction held each August.
Official website here: www.thefair.com/foundation
Who is the CEO of Washington State Fair Foundation?
Jerry Larson is the Director, President of Washington State Fair Foundation.
Official website here: www.thefair.com/foundation
What is the revenue of Washington State Fair Foundation?
Washington State Fair Foundation's revenue in 2022 was $1,298,430.
Official website here: www.thefair.com/foundation
Who are the executives of Washington State Fair Foundation and what are their salaries?
There 20 volunteers at Washington State Fair Foundation.
Here are 21 key members and their salaries:
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- Other: $23,932
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- Other: $11,417
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Official website here: www.thefair.com/foundation
Where can I find the form 990 for Washington State Fair Foundation?
Washington State Fair Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thefair.com/foundation
Learn more at the official website: www.thefair.com/foundation
Mission Statement of Washington State Fair Foundation
The Washington State Fair Foundation is dedicated to financially supporting the scholarship and educational programs of the Washington State Fair and helping preserve and enhance the fair for future generations. Its mission is multifaceted, encompassing both financial aid and the preservation of the fair as a cherished institution.
The foundation's primary focus lies in providing scholarship opportunities to students residing in Washington State. Through its Blue Ribbon Scholarship Program, the foundation distributed over $125,000 in scholarships during the fiscal year ending November 30, 2022. These scholarships were awarded to colleges, universities, and vocational technical schools attended by the recipients. The program's success is largely due to the generosity of the foundation's donors. Since its inception, the program has distributed over $1,700,000 in awards to students across Washington State pursuing higher education.
In addition to endowed scholarships set up by donor families, the Blue Ribbon Scholarship Program is primarily supported by an annual round-up auction that takes place each August. This event allows the foundation to raise funds and extend its reach to a larger number of students each year. By financially supporting the education of Washington State's students, the Washington State Fair Foundation is not only investing in the future of its community but also ensuring the continuity of the Washington State Fair for generations to come.
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Impact
October, 2024
The Washington State Fair Foundation significantly enhances educational opportunities for students across the state through its Blue Ribbon Scholarship Program. In the fiscal year ending November 30, 2022, the foundation awarded over $125,000 in scholarships, supporting students as they pursue higher education at colleges, universities, and vocational technical schools. With a total distribution exceeding $1.7 million since the program's inception, it relies on the generosity of donors and an annual fundraising auction held each August. Additionally, the foundation plays a vital role in preserving and improving the Washington State Fair, ensuring that future generations can enjoy and benefit from this longstanding community tradition. Through these initiatives, the Washington State Fair Foundation not only fosters youth development but also enriches the cultural fabric of Washington State.
This information is meant to be a general summary of Washington State Fair Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $246,019
- Gross Receipts: $1,431,664
Assets and Liabilities:
- Total Assets: $4,002,176
- Total Liabilities: $3,337
- Net Assets: $3,998,839
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Organization Details
Founding Year
2007
Phone
(253) 841-1771Principal Officer
Jerry Larson
Main Address
110 9TH AVE SW, PUYALLUP, WA, 98371
Website
www.thefair.com/foundationNTEE Category
Code: O52 - Youth development
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