2024-09-16T18:23:09-05:00 2023-12-31 946214841 ARMANINO LLP 50 W SAN FERNANDO ST STE 500 SAN JOSE CA 95113 990 2023-01-01 770399864 SANTA CLARA COUNTY FAIRGROUNDS MGMNT CORPORATION SANT 4084943131 344 TULLY ROAD SAN JOSE CA 95111 SANDY SHAYESTEH DIRECTOR OF FINANCE, HR & IT 4084943131 2024-09-16 1 1 WANWAN ZHANG P01317662 4082006400 2024-09-13 2023 2024-08-08 14:25:15Z SANDY SHAYESTEH 344 TULLY ROAD SAN JOSE CA 95111 8421063 0 X WWW.THEFAIRGROUNDS.ORG X 1995 CA ORGANIZATION AND OPERATION OF SANTA CLARA COUNTY FAIR AND GROUNDS. 4 4 20 25 0 0 1194218 141992 4671844 7153192 0 0 3516636 1125879 9382698 8421063 0 0 0 0 1789098 2052754 0 0 0 5833925 8148213 7623023 10200967 1759675 -1779904 8265735 6525012 1256481 1295752 7009254 5229260 X TO ENTERTAIN AND PROMOTE THE COMMUNITIES' TRADITIONS, TALENTS, DIVERSITY, VISION, AND ARCHITECTURAL HERITAGE, IN A SECURE AND FISCALLY RESPONSIBLE WAY TO PROMOTE EDUCATION FOR THE YOUTH OF THE COUNTY THROUGH EXHIBITS, VOLUNTEERING, TOURS, AND FUNDRAISING EVENTS. 0 0 2559436 2629920 PROPERTY MANAGEMENT THE CORPORATION ENTERS INTO A LICENSE AGREEMENT WITH LICENSEES FOR THE TEMPORARY USE OF A DESIGNATED LOCATION ON THE FAIRGROUNDS FOR A SPECIFIC TERM. THE LICENSEE AGREES TO PAY THE CORPORATION A MONTHLY LICENSE FEE IN CONNECTION WITH THE PERMITTED USE. THE CORPORATION ALSO COLLECTS A MONTHLY USE FEE FROM GUESTS FOR THE TEMPORARY USES OF A DESIGNATED SPACE IN THE RECREATIONAL VEHICLE LOCATION ON THE FAIRGROUNDS. 1809344 1169814 COUNTY FAIRTHE SANTA CLARA COUNTY FAIR BRINGS TOGETHER THE BEST OF THE PAST AND THE EXCITEMENT OF TODAY'S TECHNOLOGY IN PRESENTING ITS ANNUAL FAIR PROGRAMMING. THE 4H AND FFA ANIMAL EXHIBITS ALONG WITH MULTIPLE STILL EXHIBITS PROVIDES MUCH TO SEE BY YOUNG AND OLD ALIKE. IN ADDITION TO THE ABUNDANCE OF ENTERTAINMENT, THE CARNIVAL AND THE PRESENTATION OF AN INTERNATIONAL CUISINE OF FOODS PROVIDES SOMETHING FOR ALL INTEREST TO ENJOY AND SHARE. 843608 1215807 OFF-TRACK BETTING SAN JOSE FAIRGROUNDS BRINGS THE EXCITEMENT OF LIVE HORSERACING VIA SATELLITE ON MULTIPLE VIDEO SCREENS, INCLUDING A FUN FILLED ENVIRONMENT FOR WAGERING ON YOUR FAVORITE HORSE WHILE ENJOYING DELICIOUS FOOD AND YOUR FAVORITE DRINK. 520946 1357811 VENUE SALES & EVENTSTHE FAIRGROUNDS OFFERS A VARIETY OF BUILDING VENUES AND AN ABUNDANCE OF ACRES OF LAND FOR CULTURAL AND COMMUNITY EVENTS THROUGHOUT THE YEAR. OFFERINGS INCLUDE CONCERTS, FAMILY FUN RUNS, TOY AND REPTILE SHOWS, FIREWORKS AND PET FRIENDLY ACTIVITIES. BUSINESSES HAVE FOUND THE FAIRGROUNDS AS THE PLACE TO HOST THEIR ALL-EMPLOYEE PARTIES WHILE THE FARMERS MARKET AND CAR SHOWS ARE ADDITIONAL ATTRACTIONS TO THE USE OF THE OFFERINGS OUTDOORS. 423922 774240 FOOD AND BEVERAGES INCOME GENERATED FROM CONCESSION AND CATERING SERVICES PROVIDED BY THE CORPORATION STAFF AT EVENTS. THE CORPORATION ALSO ENTERS INTO A LICENSE AGREEMENT WITH FOOD TRUCK VENDORS FOR THE TEMPORARY USE OF SPACE. IN CONSIDERATION, THE LICENSEE PAYS THE CORPORATION A MONTHLY USE FEE. 380969 5600 HOSTED EVENTS IN ADDITION TO THE ANNUAL COUNTY FAIR, THE CORPORATION TYPICALLY PRODUCES FOUR (4) EVENTS DURING THE YEAR: HOP 'N VINE FESTIVAL & MARKET, FOURTH OF JULY CELEBRATION, PUPTOBERFEST, AND THE WEDNESDAY NIGHT MUSIC SERIES (WNMS). REVENUES ARE GENERATED FROM ADMISSION FEES, PARKING FEES, FOOD AND BEVERAGE SALES, SPONSORSHIPS, AND VENDOR REVENUE SHARING. 1396278 1125879 COUNTY REIMBURSEMENTS REPRESENTS REIMBURSEMENT FROM THE COUNTY FOR COSTS INCURRED FOR USAGE OF THE FACILITY FOR COVID-19 TESTING AND VACCINATION PURPOSES. THERE ARE OTHER MISC INCOME RECEIVED DURING THE YEAR. 2722115 3263530 7934503 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 92 0 1 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 1 1 1 1 0 CA X SANDY SHAYESTEH 4084943789 344 TULLY ROAD SAN JOSE CA 95111 ORIN MAHONEY CHAIR 3.00 X X 0 0 0 VICKY BOSWORTH VICE CHAIR 3.00 X X 0 0 0 DAVID BINI DIRECTOR 3.00 X 0 0 0 MARTIN UCOVICH DIRECTOR 3.00 X 0 0 0 ABRAHAM ANDRADE EXECUTIVE DIRECTOR 40.00 X 210399 0 47321 SANDY SHAYESTEH DIRECTOR OF IT, HR, & FINANCE 40.00 X 55144 0 20053 DEBBIE ABAD ACCOUNTING MANAGER 40.00 X 115082 0 27939 ARMANDO CARLOS DIRECTOR OF OFF-TRACK BETTING 40.00 X 110904 0 42920 OBDULIA ESPARZA DIRECTOR OF MARKETING 40.00 X 111032 0 25612 602561 0 163845 4 0 1 0 HALCON PROTECTION AGENCY 621 TULLY RD STE 188 SAN JOSE CA 95111 SECURITY 1803265 FASTEST CLEANING SERVICES 992 S KING RD SAN JOSE CA 95116 GROUNDS MAINTENANCE 866831 BAY AREA PLUMBING ROOTER SERVICES INC 1340 TULLY ROAD STE 314 SAN JOSE CA 95122 PLUMBING 220898 IMPERIAL FINANCIAL SERVICES 4912 WINDSOR VILLAGE LANE FAIR OAKS CA 95628 ACCOUNTING SERVICES 154315 JUAN REYES 5546 LEAN AVENUE 110 SAN JOSE CA 95118 REPAIR & MAINTENANCE 139660 6 141992 141992 PROPERTY MANAGEMENT 531190 2629920 2629920 VENUE SALES & EVENT SE 721210 1357811 1357811 OFF-TRACK BETTING 713990 1215807 1215807 ANNUAL COUNTY FAIR 713990 1169814 1169814 FOOD AND BEVERAGES 722320 774240 774240 5600 5600 7153192 COUNTY REIMBURSEMENT 713990 906364 906364 MISCELLANEOUS REVENUE 713990 219515 219515 1125879 8421063 8279071 0 0 332917 332917 1106970 772191 334779 64921 41366 23555 444013 257762 186251 103933 58678 45255 100722 100722 49828 49828 677631 291822 385809 558361 482554 75807 92747 87588 5159 1989846 1928722 61124 193815 188284 5531 3304 3106 198 553264 219556 333708 185743 178272 7471 SECURITY AND SHERIFF 1877321 1753907 123414 OTHER COUNTY FAIR EXPEN 1149401 1149401 EQUIPMENT RENTAL 309554 292229 17325 SUPPLIES 225774 163125 62649 180902 65940 114962 10200967 7934503 2266464 0 3856517 2119439 1363927 914624 49085 90577 5696806 2318549 2974091 3378257 22115 22115 8265735 6525012 683984 595889 233656 150000 146479 188841 553384 1256481 1295752 X 7009254 5229260 7009254 5229260 8265735 6525012 -1779904 -90 0 X 0 1 X 1 0 X 130552 704672 1176560 1194218 141992 3347994 7668629 4203435 4674076 4754856 7153192 28454188 1875657 329404 2205061 9674838 5237511 5850636 5949074 7295184 34007243 0 0 0 34007243 1442 73478 2842120 3498272 1125879 7541191 9676280 5310989 8692756 9447346 8421063 41548434 0.81850 0.84340 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3783228 853552 2929676 1913578 1464997 448581 3378257 CUSTOMER DEPOSITS 1000 SECURITY DEPOSITS 472596 FINANCE PURCHASE OBLIGATIONS 79788 553384 X 8421063 0 8421063 0 8421063 10200967 0 10200967 0 10200967 PART X, LINE 2: U.S. GAAP PROVIDES ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE CORPORATION IN ITS FEDERAL AND STATE EXEMPT CORPORATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. PART VI - RIGHT-OF-USE ASSETS IN ACCORDANCE WITH THE TERMS OF THE MANAGEMENT AGREEMENT WITH THE COUNTY OF SANTA CLARA, ALL IMPROVEMENTS BECOME THE PROPERTY OF THE COUNTY OF SANTA CLARA UPON PURCHASE, HOWEVER, THE ORGANIZATION HAS THE BENEFICIAL USE OF ALL ASSETS PURCHASED. IN THE EVENT THAT THE AGREEMENT IS CANCELED OR OTHERWISE TERMINATED IN ANY MANNER, TITLE TO THE IMPROVEMENTS SHALL BE AND REMAIN IN THE NAME OF THE COUNTY OF SANTA CLARA. SINCE THE COUNTY OF SANTA CLARA OWNS THE IMPROVEMENTS, THESE "RIGHT-OF-USE ASSETS" ARE AMORTIZED RATHER THAN DEPRECIATED BY THE ORGANIZATION OVER THEIR ESTIMATED USEFUL LIVES. THE ORGANIZATION IS RESPONSIBLE FOR MAINTAINING INSURANCE COVERAGE ON ALL IMPROVEMENTS. AT DECEMBER 31, 2023, TOTAL COST BASIS OF RIGHT-OF-USE ASSETS WAS $3,783,228 ACCUMULATED AMORTIZATION WAS $853,552, WITH A NET BOOK VALUE OF $2,929,676. X 0 0 0 0 0 0 0 0 0 ABRAHAM ANDRADE EXECUTIVE DIRECTOR 210399 0 0 0 0 0 24076 0 23245 0 257720 0 0 0 ARMANDO CARLOS DIRECTOR OF OFF-TRACK BETTING 110904 0 0 0 0 0 11364 0 31556 0 153824 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE BOARD DIRECTORS SHALL BE APPOINTED BY THE BOARD OF SUPERVISORS OF THE COUNTY OF SANTA CLARA. FORM 990, PART VI, SECTION A, LINE 8B THE BY-LAW SUBCOMMITTEE MEETINGS ARE DOCUMENTED. BUT THE MEETINGS OF THE SUB-COMMITTEE THAT REVIEWS THE FINANCIAL STATEMENTS ARE NOT DOCUMENTED. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY THE EXECUTIVE DIRECTOR, FINANCE DIRECTOR AND THE ACCOUNTING MANAGER AND ANY QUESTIONS ARE RESOLVED PROIR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C SANTA CLARA COUNTY FAIRGROUNDS MANAGEMENT CORP (SCCFMC) IS A SMALL ORGANIZATION WHERE SITUATIONS OF CONFLICT OF INTEREST WILL BE MINOR. THE CONFLICT OF INTEREST POLICY STATES THAT SITUATIONS OF ACTUAL OR POTENTIAL CONFLICT OF INTEREST ARE TO BE AVOIDED BY ALL EMPLOYEES. AN EMPLOYEE INVOLVED IN ANY OF THE TYPES OF RELATIONSHIPS OR SITUATIONS DESCRIBED IN THE POLICY SHOULD IMMEDIATELY AND FULLY DISCLOSE THE RELEVANT CIRCUMSTANCES TO HIS/HER IMMEDIATE SUPERVISOR, OR ANY OTHER APPROPRIATE SUPERVISOR, FOR A DETERMINATION AS TO WHETHER A POTENTIAL OR ACTUAL CONFLICT EXISTS. IF AN ACTUAL OR POTENTIAL CONFLICT IS DETERMINED, THE CORPORATION MAY TAKE WHATEVER CORRECTIVE ACTION APPEARS APPROPRIATE ACCORDING TO THE CIRCUMSTANCES. FAILURE TO DISCLOSE FACTS SHALL CONSTITUTE GROUNDS FOR DISCIPLINARY ACTION. BOARD MEMBERS ARE APPOINTED BY A MEMBER OF THE SANTA CLARA COUNTY BOARD OF SUPERVISORS. THE BOARD OF SUPERVISORS THEREFORE EFFECTIVELY CONTROLS SCCFMC, EVEN THOUGH SCCFMC IS TECHNICALLY A SEPARATE, FREE-STANDING NON-PROFIT ORGANIZATION. SCCFMC PROVIDES ALL FINANCIAL AND OTHER REPORTS TO THE COUNTY OF SANTA CLARA, WHOSE STAFF MEMBERS ARE CONSTANTLY OVER-SEEING WHAT SCCFMC IS DOING. MANAGEMENT STAFF ARE REQUIRED TO ANNUALLY COMPLETE AND DISCLOSE ON FORM 700 - STATEMENT OF ECONOMIC INTERESTS, ANY CONFLICTS OF INTEREST. FORM 700 IS A PUBLIC DOCUMENT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION LEVELS ARE DETERMINED ACCORDING TO A WAGE AND SALARY SCALE THAT IS APPROVED BY THE BOARD OF DIRECTORS. WAGE AND SALARY LEVELS ARE DETERMINED ACCORDING TO PREVAILING RATES FOR SIMILAR POSITIONS IN OTHER BAY AREA ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE ALSO PROVIDED TO THE COUNTY OF SANTA CLARA AND PLACED ON ITS WEBSITE AVAILABLE TO THE GENERAL PUBLIC. SANTA CLARA COUNTY 70 WEST HEDDING ST SAN JOSE CA 95110 GOVERNMENTAL ENTITY CA 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0