Overview
What is North Texas State Fair Association Inc?
North Texas State Fair Association Inc, located in Denton, Texas, is a nonprofit organization with a strong focus on promoting agriculture, supporting youth, and boosting tourism in the city. They achieve this through their annual fair and rodeo, as well as various community and youth-oriented programs and events. The organization's mission is to preserve and showcase agriculture and western heritage while encouraging young individuals in their projects. With a small team of four dedicated individuals, they strive to contribute positively to the community and uphold the rich traditions of the region.
Official website here: www.northtexasstatefair.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The North Texas State Fair Association Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its operations and financial accountability. The overall score of 69% reflects strengths in having a fully independent board and a healthy liabilities to assets ratio. Additionally, all expenses appear to be directed towards programs, marking a significant commitment to its mission.
However, there are notable weaknesses in the organization's governance practices. The lack of financial statements raises concerns about transparency, and the absence of critical policies such as conflict of interest, whistleblower, and document retention is alarming. These gaps could hinder trust and accountability within the organization.
While the association shows promise in program expense allocation and governance through an independent board, addressing the identified limitations is crucial for enhancing its ratings and fostering donor confidence. Improving financial reporting and establishing necessary policies could greatly benefit its overall evaluation in the future.
This AI summary has been generated from information found on Charity Navigator.
Is North Texas State Fair Association Inc legitimate?
North Texas State Fair Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Texas State Fair Association Inc 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: $137,346
Professional Fundraising Fees: $0
Other Salaries and Wages: $117,719
For more financial information, click here
Official website here: www.northtexasstatefair.com
What is the mission statement of North Texas State Fair Association Inc?
The North Texas State Fair Association Inc's mission is centered around preserving and promoting agriculture and western heritage. They also aim to support and encourage youth in their projects, and contribute to tourism in their city. This is achieved primarily through their annual fair and rodeo, along with various community and youth-oriented programs and events.
Official website here: www.northtexasstatefair.com
Who is the CEO of North Texas State Fair Association Inc?
Carl Anderson is the President of North Texas State Fair Association Inc.
Official website here: www.northtexasstatefair.com
What is the revenue of North Texas State Fair Association Inc?
North Texas State Fair Association Inc's revenue in 2022 was $3,857,341.
Official website here: www.northtexasstatefair.com
Who are the executives of North Texas State Fair Association Inc and what are their salaries?
The average compensation at North Texas State Fair Association Inc during 2022 was $63,766. There are 4 employees and 200 volunteers at North Texas State Fair Association Inc.
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Official website here: www.northtexasstatefair.com
Where can I find the form 990 for North Texas State Fair Association Inc?
North Texas State Fair Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northtexasstatefair.com
Learn more at the official website: www.northtexasstatefair.com
Mission Statement of North Texas State Fair Association Inc
The North Texas State Fair Association Inc is dedicated to preserving and promoting agriculture and western heritage. This nonprofit organization also supports and encourages youth in their projects, and plays a significant role in promoting tourism within its community. The North Texas State Fair Association achieves these objectives through various means, including an annual fair and rodeo, as well as numerous community and youth-oriented programs and events. By doing so, the association aims to foster a connection between the public and agriculture, while simultaneously empowering young individuals to showcase their skills and talents.
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Impact
July, 2024
The North Texas State Fair Association Inc's impact revolves around preserving and promoting agriculture and western heritage, supporting and encouraging youth in their projects, and promoting tourism in the city of Denton. This is achieved through the annual fair and rodeo, as well as various community and youth-oriented programs and events. By focusing on these areas, the association plays a significant role in sustaining agricultural traditions, fostering youth development, and boosting tourism in Denton, Texas.
This information is meant to be a general summary of North Texas State Fair Association Inc. 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: $223
- Program Service Revenue: $3,390,964
- Gross Receipts: $4,490,041
Assets and Liabilities:
- Total Assets: $1,915,093
- Total Liabilities: $645,031
- Net Assets: $1,270,062
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AGRICULTURAL FAIR
Revenue
$3,390,964
Organization Details
Founding Year
1930
Phone
(940) 387-2632Principal Officer
Carl Anderson
Main Address
PO BOX 1695, DENTON, TX, 76202
Website
www.northtexasstatefair.comNTEE Category
Code: N52 - Recreation
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