Civic Intelligence

Oklahoma State Fair Inc.

990 • Fiscal year 2017 • EIN 73-6017980

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 09, 2018

PO Box 74943Oklahoma City, OK 73147

(405) 948-6700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

35th percentile

0.12x

Higher debt load relative to assets than 35% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

21st percentile

0.09x

Higher debt load relative to revenue than 21% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

43rd percentile

1.5%

Higher net margin than 43% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

72nd percentile

$358,387

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

50th percentile

4.9%

Faster asset growth than 50% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

38th percentile

1.6%

Faster revenue growth than 38% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Up

$16,777,998

Up $777,696 (+4.9%) from 2016

Net Assets

Up

$14,715,079

Up $565,568 (+4.0%) from 2016

Liabilities

Up

$2,062,919

Up $212,128 (+11%) from 2016

Revenue

Up

$22,201,823

Up $356,454 (+1.6%) from 2016

Expenses

Down

$21,867,883

Down $820,002 (-3.6%) from 2016

Net Income

Up

$333,940

Up $1,176,456 (+140%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $13,036,751Liabilities 2010: $1,474,160Net Assets 2010: $11,562,5912010Assets 2011: $13,750,234Liabilities 2011: $1,735,886Net Assets 2011: $12,014,3482011Assets 2012: $14,880,894Liabilities 2012: $1,747,467Net Assets 2012: $13,133,4272012Assets 2013: $16,704,155Liabilities 2013: $2,662,212Net Assets 2013: $14,041,9432013Assets 2014: $16,879,477Liabilities 2014: $2,164,311Net Assets 2014: $14,715,1662014Assets 2015: $16,762,987Liabilities 2015: $1,938,241Net Assets 2015: $14,824,7462015Assets 2016: $16,000,302Liabilities 2016: $1,850,791Net Assets 2016: $14,149,5112016Assets 2017: $16,777,998Liabilities 2017: $2,062,919Net Assets 2017: $14,715,0792017Assets 2018: $17,354,793Liabilities 2018: $2,225,333Net Assets 2018: $15,129,4602018Assets 2019: $18,398,091Liabilities 2019: $2,660,376Net Assets 2019: $15,737,7152019Assets 2020: $16,400,791Liabilities 2020: $2,697,190Net Assets 2020: $13,703,6012020Assets 2021: $18,358,668Liabilities 2021: $2,575,511Net Assets 2021: $15,783,1572021Assets 2022: $21,259,385Liabilities 2022: $4,397,942Net Assets 2022: $16,861,4432022Assets 2023: $36,047,231Liabilities 2023: $18,116,611Net Assets 2023: $17,930,6202023Assets 2024: $42,488,181Liabilities 2024: $23,025,544Net Assets 2024: $19,462,6372024

Highlighted filing

2017

Assets$16,777,998
Liabilities$2,062,919
Net Assets$14,715,079

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $16,461,4182010Expenses 2011: $17,110,7332011Expenses 2012: $17,721,5192012Revenue 2013: $18,996,330Expenses 2013: $18,087,814Net Income 2013: $908,5162013Revenue 2014: $20,318,657Expenses 2014: $19,645,434Net Income 2014: $673,2232014Revenue 2015: $22,930,465Expenses 2015: $22,456,312Net Income 2015: $474,1532015Revenue 2016: $21,845,369Expenses 2016: $22,687,885Net Income 2016: -$842,5162016Revenue 2017: $22,201,823Expenses 2017: $21,867,883Net Income 2017: $333,9402017Revenue 2018: $21,770,997Expenses 2018: $21,454,927Net Income 2018: $316,0702018Revenue 2019: $21,377,465Expenses 2019: $20,899,624Net Income 2019: $477,8412019Revenue 2020: $9,238,232Expenses 2020: $11,308,064Net Income 2020: -$2,069,8322020Revenue 2021: $22,331,954Expenses 2021: $20,235,118Net Income 2021: $2,096,8362021Revenue 2022: $25,043,153Expenses 2022: $23,706,477Net Income 2022: $1,336,6762022Revenue 2023: $26,047,828Expenses 2023: $25,173,343Net Income 2023: $874,4852023Revenue 2024: $25,689,593Expenses 2024: $24,220,509Net Income 2024: $1,469,0842024

Highlighted filing

2017

Revenue$22,201,823
Expenses$21,867,883
Net Income$333,940
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 9, 2018
Return Version
2017v2.3
Gross Receipts
$25,002,186
Mission and Program Overview

Mission

The organization's mission is to provide educational and cultural benefits to the citizens of the state of oklahoma through the operation of an annual state fair and other activities throughout the year. The state fair provides agricultural exhibits, displays of products made in oklahoma, and other educational, cultural, and youth-oriented activities.

To provide educational and cultural benefits to the citizens of the state of oklahoma through the operation of an annual state fair and other activities throughout the year.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,284,804$9,551,238▲ $266,434
Cash and Non-Interest-Bearing Accounts$2,813,841$2,930,774▲ $116,933
Savings and Temporary Cash Investments$1,802,376$1,886,325▲ $83,949
Accounts Receivable$1,273,509$1,299,142▲ $25,633
Investments in Publicly Traded Securities$514,758$551,936▲ $37,178
Prepaid Expenses and Deferred Charges$216,375$211,440▼ $4,935
Inventories for Sale or Use$94,639$147,439▲ $52,800
Total Assets$16,000,302$16,777,998▲ $777,696
Other Assets Total$0$199,704▲ $199,704
Liabilities
Deferred Revenue$596,028$1,122,390▲ $526,362
Accounts Payable and Accrued Expenses$1,254,763$940,529▼ $314,234
Total Liabilities$1,850,791$2,062,919▲ $212,128
Net Assets / Fund Balance
Unrestricted Net Assets$14,141,465$14,711,983▲ $570,518
Temporarily Rstr Net Assets$8,046$3,096▼ $4,950
Total Net Assets Fund Balance$14,149,511$14,715,079▲ $565,568
Total Liabilities and Net Assets / Fund Balance$16,000,302$16,777,998▲ $777,696

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,632,507$14,386,130$20,018,637
Equipment$1,918,090$4,899,040$6,817,130
Leasehold Improvements$1,391,180$3,553,247$4,944,427
Other Land Buildings$609,461$1,556,640$2,166,101
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy J OtoolePresident/CEOFT$205,232$153,155$358,387
Gina BurchfielVP FairFT$140,449$55,347$195,796
Bill AllenVP Fair ParkFT$118,181$54,795$172,976
Scott MunzVP PrFT$113,041$30,189$143,230
James JohnsonVP Food ServicePT$121,391$13,565$134,956
Kevin RogersVP FinancePT$108,885$12,622$121,507
Shannon CrossleyCorp SecretaryFT$43,802$3,636$47,438

Board Members and Trustees

NameTitle
Ronald J NorickChairman
David ThompsonVice Chairman
E Carey Joullian IvVice Chairman
Ann SimankBoard Member
Bill AnoatubbyBoard Member
Bruce LawrenceBoard Member
Carl EdwardsBoard Member
Christopher C TurnerBoard Member
Clayton I BennettBoard Member
David E RainboltBoard Member
Dick StubbsBoard Member
Doug LawlerBoard Member
Dr Gilbert C GibsonBoard Member
Dr Glen D JohnsonBoard Member
Edmund O MartinBoard Member
Gary MarrsBoard Member
Gregory M LoveBoard Member
J Blake WadeBoard Member
J Larry NicholsBoard Member
John DesteiguerBoard Member
John Michael WilliamsBoard Member
Jw MashburnBoard Member
Kirk HumphreysBoard Member
Lee Allan SmithBoard Member
Michael C TurpenBoard Member
Michael a CawleyBoard Member
Michelle CoppedgeBoard Member
Natalie ShirleyBoard Member
Nelson L BolenBoard Member
Ralph ChainBoard Member
Randy BeutlerBoard Member
Robert J RossBoard Member
Roy H WilliamsBoard Member
Sean TrauschkeBoard Member
Tom J McdanielBoard Member
Tony TylerBoard Member
V Burns HargisBoard Member
William H CrawfordBoard Member
G Rainey Williams JrTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Wade ShowsEntertainmentPO BOX 51730, Livonia, MI 48151$1,909,397
Force Personnel ServiceStaffing116 S WALKER AVENUE, Oklahoma City, OK 73102$1,177,821
Dane & AssociatesElectrical Work4721 SW 18TH STREET, Oklahoma City, OK 73128$465,670
Feld EntertainmentEntertainment800 FELD WAY, Palmetto, FL 34221$444,833
Safety & Security Services INCSecurity416 NW 8TH, Oklahoma City, OK 73102$292,264
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$19,320,936
Investment Income
$44,079
Other Revenue
$2,831,808
All Other Contributions
$5,000
Change in Net Assets
$333,940
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,501,606
Salaries, Compensation, and Employee Benefits$7,333,777
Grants and Similar Amounts Paid$32,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,904,114$1,700,716-$5,604,830
Fees for Services Other$2,122,583$160,572-$2,283,155
Occupancy$1,501,213--$1,501,213
Office Expenses$965,214$206,737-$1,171,951
Depreciation Depletion$45,114$1,056,964-$1,102,078
Advertising$1,052,710$10,172-$1,062,882
Other Employee Benefits$439,567$145,410-$584,977
Current Officers, Directors, Trustees, and Key Employees$527,333--$527,333
Payroll Taxes$356,463$110,182-$466,645
Insurance$450,494$6,000-$456,494
All Other Expenses$196,236$71,173-$267,409
Other Expenses$207,717$12,136-$219,853
Pension Plan Contributions$82,750$67,242-$149,992
Fees for Services Accounting-$128,671-$128,671
Fees for Services Legal$12,377$43,026-$55,403
Travel$32,135$17,481-$49,616
Grants to Domestic Individuals$32,500--$32,500
Fees for Service Investment Mgmnt Fees-$5,342-$5,342
Total Functional Expenses$18,061,375$3,806,508$0$21,867,883
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1

The executive committee is composed of up to 12 members, including the chair, vice-chair, president, treasurer, and other members chosen from the board of directors. The executive committee shall have full charge of all the affairs of the corporation and may excercise all powers and authority of the board of directors.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the president/ceo and the cfo prior to filing. Upon completion of this review, the form 990 is provided to other members of the governing body, as requested.

Form 990, Part VI, Section B, Line 15

Compensation for the top management official and other officers is determined through review of industry peers' salary information or periodic compensation surveys, with approval by the chair of the board and/or the executive committee.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Oklahoma State Fair Inc
EIN
73-6017980
Phone
4059486700
Address
PO BOX 74943, OKLAHOMA CITY, OK 73147

Signing Officer

Name
TIMOTHY J O'TOOLE
Title
President/CEO
Phone
4059486700
Signed
2018-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
TIMOTHY J O'TOOLE
Formed
1907
Legal Domicile
Ok
Voting Board Members
40
Independent Board Members
39
Employees
725
Volunteers
750

Preparer

Firm
Hogantaylor Llp
Address
11600 BROADWAY EXT SUITE 300, OKLAHOMA CITY, OK 73114
Preparer
W Lyndel Lackey
Phone
4058482020
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional consultants: program service expenses 525,096. Management and general expenses 105,934. Fundraising expenses 0. Total expenses 631,030. Waste disposal services: program service expenses 575,237. Management and general expenses 1,558. Fundraising expenses 0. Total expenses 576,795. Other professional services: program service expenses 1,022,250. Management and general expenses 53,080. Fundraising expenses 0. Total expenses 1,075,330.

Raw XML AppendixShowing 400 of 914 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0OPERATE AN ANNUAL STATE FAIR FOR THE BENEFIT OF THE CITIZENS OF THE STATE OF OKLAHOMA, PROVIDING AGRICULTURAL EXHIBITS, DISPLAY OF PRODUCTS MADE IN OKLAHOMA, AND OTHER EDUCATIONAL, CULTURAL, AND YOUTH-ORIENTED ACTIVITIES. APPROXIMATELY 900,000 PERSONS ATTENDED THE STATE FAIR IN THE YEAR ENDED DECEMBER 31, 2017.
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4335.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4440.00
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IRS990/Form990PartVIISectionAGrp/PersonNm1DAVID THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm2E CAREY JOULLIAN IV
IRS990/Form990PartVIISectionAGrp/PersonNm3G RAINEY WILLIAMS JR
IRS990/Form990PartVIISectionAGrp/PersonNm4RANDY BEUTLER
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHELLE COPPEDGE
IRS990/Form990PartVIISectionAGrp/PersonNm6CARL EDWARDS
IRS990/Form990PartVIISectionAGrp/PersonNm7SEAN TRAUSCHKE
IRS990/Form990PartVIISectionAGrp/PersonNm8ROBERT J ROSS
IRS990/Form990PartVIISectionAGrp/PersonNm9NELSON L BOLEN
IRS990/Form990PartVIISectionAGrp/PersonNm10CLAYTON I BENNETT
IRS990/Form990PartVIISectionAGrp/PersonNm11JW MASHBURN
IRS990/Form990PartVIISectionAGrp/PersonNm12JOHN MICHAEL WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm13RALPH CHAIN
IRS990/Form990PartVIISectionAGrp/PersonNm14WILLIAM H CRAWFORD
IRS990/Form990PartVIISectionAGrp/PersonNm15DR GILBERT C GIBSON
IRS990/Form990PartVIISectionAGrp/PersonNm16V BURNS HARGIS
IRS990/Form990PartVIISectionAGrp/PersonNm17DR GLEN D JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm18GREGORY M LOVE
IRS990/Form990PartVIISectionAGrp/PersonNm19EDMUND O MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm20TOM J MCDANIEL
IRS990/Form990PartVIISectionAGrp/PersonNm21J LARRY NICHOLS
IRS990/Form990PartVIISectionAGrp/PersonNm22DAVID E RAINBOLT
IRS990/Form990PartVIISectionAGrp/PersonNm23LEE ALLAN SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm24CHRISTOPHER C TURNER
IRS990/Form990PartVIISectionAGrp/PersonNm25ROY H WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm26BILL ANOATUBBY
IRS990/Form990PartVIISectionAGrp/PersonNm27KIRK HUMPHREYS
IRS990/Form990PartVIISectionAGrp/PersonNm28MICHAEL C TURPEN
IRS990/Form990PartVIISectionAGrp/PersonNm29MICHAEL A CAWLEY
IRS990/Form990PartVIISectionAGrp/PersonNm30J BLAKE WADE
IRS990/Form990PartVIISectionAGrp/PersonNm31ANN SIMANK
IRS990/Form990PartVIISectionAGrp/PersonNm32TONY TYLER
IRS990/Form990PartVIISectionAGrp/PersonNm33BRUCE LAWRENCE
IRS990/Form990PartVIISectionAGrp/PersonNm34NATALIE SHIRLEY
IRS990/Form990PartVIISectionAGrp/PersonNm35TIMOTHY J OTOOLE
IRS990/Form990PartVIISectionAGrp/PersonNm36JOHN DESTEIGUER
IRS990/Form990PartVIISectionAGrp/PersonNm37DICK STUBBS
IRS990/Form990PartVIISectionAGrp/PersonNm38GARY MARRS
IRS990/Form990PartVIISectionAGrp/PersonNm39DOUG LAWLER
IRS990/Form990PartVIISectionAGrp/PersonNm40SHANNON CROSSLEY
IRS990/Form990PartVIISectionAGrp/PersonNm41KEVIN ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm42SCOTT MUNZ
IRS990/Form990PartVIISectionAGrp/PersonNm43GINA BURCHFIEL
IRS990/Form990PartVIISectionAGrp/PersonNm44BILL ALLEN
IRS990/Form990PartVIISectionAGrp/PersonNm45JAMES JOHNSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt410

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$42.5$23.0$19.5$25.7$24.2$1.47
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.0$18.1$17.9$26.0$25.2$0.87
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.3$4.40$16.9$25.0$23.7$1.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.4$2.58$15.8$22.3$20.2$2.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.4$2.70$13.7$9.24$11.3$2.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.4$2.66$15.7$21.4$20.9$0.48
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.4$2.23$15.1$21.8$21.5$0.32
2017Detailed filing. Detailed filing data is available for this year.$16.8$2.06$14.7$22.2$21.9$0.33
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.0$1.85$14.1$21.8$22.7$0.84
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.8$1.94$14.8$22.9$22.5$0.47
2014Detailed filing. Detailed filing data is available for this year.$16.9$2.16$14.7$20.3$19.6$0.67
2013Detailed filing. Detailed filing data is available for this year.$16.7$2.66$14.0$19.0$18.1$0.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.9$1.75$13.1$17.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$1.74$12.0$17.1
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.0$1.47$11.6$16.5