Maryland State Fair & Agricultural

“The maryland state fair stockholders vote for members of the board of directors, who form the governing body of the organization.”

“The maryland state fair stockholders vote for members of the board of directors.”

“The form 990 is emailed to all members of the board of directors for review & comment. The executive committee reviews comments,discusses the form 990 and if appropriate, a motion is made to accept and file the return.”

“Throughout the year the executive committee monitors any transactions between board memebers and management and or the entity.”

“The compensation of the fair's general manager and key employees are reviewed and approved by the executive committee. The compensation is determined using similarly qualified persons, in functionally comparable positions, at similar organizations, and included data from within the fair and racing industry.”

“The compensation of the fair's general manager and key employees is approved each year by the executive committee. Every 3 years the finance committee reviews compensation by uisng similarly qualified persons, in functionally comparable positions, at similar organizations including data from within the fair and racing industry. Their recommendations are then forwarded to the executive committee for review and approval.”

“The maryland state fair made its governing documents, conflict of interest policy, and form 990 available to the public upon written request. The form 990 can also be found on the guidestar website.”

“The maryland state fair & agricultural society, inc., a private non-profit 501(c)(3)organization, supports agriculture, education, preserves and promotes maryland's agricultural roots, and provides competitions and events showcasing maryland's premier industry. Annually, the maryland state fair provides new family entertainment while perserving traditional favorites, honors the talents of maryland youth and adults through competition and showcases, and provides fun, educational opportunities to help promote maryland's leading industry, agriculture. Since many people are generations away from the farm, the maryland state fair expands and changes its exhibits to keep up with technological and industry advancements. Among the many current agricultural exhibits are the maryland state fair birthing center, u-learn farm, the university of maryland dairy and wye beef herds exhibits, horseland, nature play space, and more. If history is evidence, the maryland state fair will continue to grow, to change when necessary, to uphold tradition when possible, and to provide marylanders with a place to play, learn, and make memories and friends. The over half-million vistors each year attest to what has become a favorite summer tradition - the 13 best days of summer - the maryland state fair. And, the exceptional fairgrounds and facilities provide a special place for the events that draw approximately two million vistors each year.”

“R&m - other 213,775 0 0 rental of tents 199,625 0 0 other equipment rental 176,754 0 0 midway attractions 167,382 0 0 r&m - other 166,250 0 0 various event expenses 110,514 0 0 open class 102,635 0 0 r&m - midway cleaning 99,176 0 0 r&m - track 92,125 0 0 race meet exp 75,290 0 0 miscellaneous 0 74,591 0 insurance 72,891 0 0 tools & supplies 62,816 0 0 4-h expenses 62,274 0 0 camera patrol 56,438 0 0 dues 53,063 0 0 insurance 52,356 0 0 ribbons & trophies 44,504 0 0 ambulatory & med 44,338 0 0 auto, truck & tractors 33,407 0 0 auto, truck & tractors 31,474 0 0 meals & entertainment 0 26,498 0 tote fees 26,400 0 0 telephone 0 23,904 0 transportation of horses 21,000 0 0 bad debt 0 19,155 0 r&m - swine barn 17,063 0 0 r&m - electric 16,079 0 0 r&m - electric 14,406 0 0 r&m - bldgs 10,676 0 0 consultants 0 10,547 0 meals & entertainment 8,939 0 0 r&m - horse & pony 7,156 0 0 r&m - stables 5,855 0 0 nature play space expense 4,883 0 0 starting gate 4,200 0 0 r&m - roads 3,990 0 0 r&m - sewers & drains 3,392 0 0 teletimer 3,100 0 0 r&m - admin bldg 0 2,305 0 r&m - vista 2,239 0 0 r&m - mosner bldg 1,321 0 0 msf sports expense 0 889 0 dues 0 779 0 r&m - farm & gard 595 0 0 jr fair board expenses 264 0 0 r&m - grandstand -20,232 0 0 total 2,048,413 158,668 0”

“Other comprehensive gain 262,149 purchased shares of capital stock -795 loss on investment in subsidiary -4,797 total 256,557”