Overview
What is State Fair Of Texas?
The State Fair of Texas, a renowned 501(C)(3) nonprofit organization, is headquartered in Dallas, Texas. Established in 1886, it celebrates the rich heritage of Texas by promoting agriculture, education, and community engagement through high-quality, family-friendly entertainment. With a workforce of 2,262 employees, the organization has made a significant impact on the community, providing educational resources, engaging thousands of students, and offering a unique, TEKS-aligned curriculum. In addition, the State Fair generates essential revenue to preserve and enhance Fair Park, fund museum, community, and scholarship programs, and improve fair operations. The 24-day annual event is the organization's primary fundraiser. Embracing the agricultural roots of Texas, the State Fair offers interactive exhibits, daily guided tours, and competitive events that showcase livestock and agriculture. The State Fair also extends its reach beyond the 24-day exposition by sponsoring community initiatives, offering financial resources to local organizations, and investing in agricultural programs across the state.
Official website here: www.bigtex.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The State Fair of Texas has achieved a remarkable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. This score reflects the organization's commitment to transparency and effective governance, with a perfect score in several key areas, such as having a fully independent board and comprehensive audit oversight.
Strengths of the organization include a strong program expense ratio of over 84%, suggesting that a significant portion of its funds is directed toward its programs rather than administrative costs. Additionally, the nonprofit has established solid policies regarding conflict of interest, whistleblower protections, and document retention, reinforcing its dedication to ethical practices.
While the data indicates no material diversion of assets and a favorable liabilities-to-assets ratio, the summary does not provide insights into the organization's programmatic impact or community engagement. As such, while financial metrics are strong, further information on the effectiveness of the programs and services offered would provide a more rounded understanding of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is State Fair Of Texas legitimate?
State Fair Of Texas is a legitimate nonprofit organization registered as a 501(c)(3) entity. State Fair Of Texas 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: $3,975,805
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,623,443
For more financial information, click here
Official website here: www.bigtex.com
What is the mission statement of State Fair Of Texas?
The State Fair of Texas promotes all things Texan by encouraging agriculture, education, and community involvement through high-quality entertainment in a family-friendly setting. As a 501(c)(3) nonprofit organization, the State Fair of Texas utilizes its annual 24-day event as the primary source of funding for its mission. Proceeds from the fair preserve and enhance Fair Park, support museum, community, and scholarship programs, and enhance fair operations to prepare for the next event. By celebrating the Texas culture and giving back to the community, the State Fair of Texas fosters a sense of pride and connection among its attendees.
Official website here: www.bigtex.com
Who is the CEO of State Fair Of Texas?
Mitchell Glieber is the President of State Fair Of Texas.
Official website here: www.bigtex.com
What is the revenue of State Fair Of Texas?
State Fair Of Texas's revenue in 2022 was $86,043,902.
Official website here: www.bigtex.com
Who are the executives of State Fair Of Texas and what are their salaries?
The average compensation at State Fair Of Texas during 2022 was $6,454. There are 2262 employees and 2591 volunteers at State Fair Of Texas.
Here are 35 key members and their salaries:
- Compensation: $865,273
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- Other: $64,558
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- Other: $45,454
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- Compensation: $287,643
- Related: $0
- Other: $37,912
- Compensation: $279,177
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- Other: $37,100
- Compensation: $243,754
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- Other: $33,458
- Compensation: $248,715
- Related: $0
- Other: $14,611
- Compensation: $202,173
- Related: $0
- Other: $34,014
- Compensation: $198,358
- Related: $0
- Other: $25,200
- Compensation: $142,885
- Related: $0
- Other: $36,775
- Compensation: $138,548
- Related: $0
- Other: $37,854
- Compensation: $152,167
- Related: $0
- Other: $19,693
- Compensation: $147,992
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Official website here: www.bigtex.com
Where can I find the form 990 for State Fair Of Texas?
State Fair Of Texas's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bigtex.com
Learn more at the official website: www.bigtex.com
Mission Statement of State Fair Of Texas
The State Fair of Texas, a renowned 501(c)(3) nonprofit organization, is dedicated to celebrating all things Texan by promoting agriculture, education, and community involvement in a family-friendly atmosphere. By hosting an annual 24-day event, the State Fair of Texas showcases the rich Texas heritage, providing a platform for quality entertainment that appeals to people of all ages.
Through its mission, the State Fair of Texas enhances the preservation and improvement of Fair Park, providing essential funding for museums, community, and scholarship programs. The nonprofit organization's purpose extends to bolstering the State Fair operations, ensuring the continuation of this cherished annual event that brings joy and learning to countlessTexas residents and visitors alike. The proceeds from the State Fair of Texas serve as the primary source of revenue for the nonprofit, contributing significantly to the initiatives that strengthen the organization and the community as a whole.
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Impact
October, 2024
The State Fair of Texas serves as a vibrant cultural and educational hub, significantly impacting the community and the state. Each year, it attracts over 2.5 million visitors, creating a lively environment that celebrates the unique heritage and diversity of Texas. The Fair plays a crucial role in promoting agriculture through interactive exhibits and livestock competitions, allowing attendees to engage directly with Texas's agricultural roots.
Educational initiatives, such as the innovative curriculum developed in partnership with Big Thought, extend learning beyond the Fair itself. This program aligns with Texas educational standards, enhancing students’ understanding of science, technology, engineering, and math while emphasizing Texas history and agriculture. The Fair also provides scholarships, exemplified by the record-breaking $1.9 million raised during the Big Tex Youth Livestock Auction, enabling youth to pursue educational opportunities.
Community engagement is a cornerstone of the Fair's mission, which it supports through programs aimed at building social and human capital. Initiatives such as the Big Tex Urban Farms Project address food insecurity in the South Dallas/Fair Park area by donating over 18,000 pounds of fresh produce to local organizations. The Fair also prioritizes inclusivity, offering sensory-friendly mornings and hosting events that recognize community leaders making a positive impact.
In 2022, the Fair generated approximately $93 million in gross coupon sales for food, rides, and attractions, demonstrating its economic significance. It also fosters creativity and local participation through competitions and arts showcases, further enhancing the sense of community. By connecting people from diverse backgrounds and providing a platform for cultural exchange, the State Fair of Texas continues to hold a beloved place in the hearts of Texans while making tangible contributions to society.
This information is meant to be a general summary of State Fair Of Texas. 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: $1,124,685
- Program Service Revenue: $79,744,799
- Gross Receipts: $87,592,585
Assets and Liabilities:
- Total Assets: $135,080,076
- Total Liabilities: $46,257,491
- Net Assets: $88,822,585
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS PARKING ENTRY
Revenue
$31,531,036
CONCESSIONS SPECIAL ATTRACTIONS
Revenue
$48,213,763
Organization Details
Founding Year
1886
Phone
(214) 421-8701Principal Officer
Mitchell Glieber
Main Address
PO BOX 150009, DALLAS, TX, 75315
Website
www.bigtex.comNTEE Category
Code: N520 - Recreation
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