2025-10-07T15:31:17-05:00 2024-12-31 320025877 ABARE KRESGE & ASSOCIATES CPAS 1200 PLANTATION ISLAND DR ST AUGUSTINE FL 32080 990 2024-01-01 593232490 PUTNAM COUNTY FAIR AUTHORITY INC PUTN 3863283247 PO BOX 400 EAST PALATKA FL 32131 MALCOLM FABRE PRESIDENT 3863283247 2025-10-03 1 0 WILLIAM T ABARE III CPA P00120073 9044600747 2025-10-03 2024 2025-03-06 01:10:19Z MALCOLM FABRE 118 FAIRGROUNDS ROAD EAST PALATKA FL 32131 826477 0 X PUTNAMFAIRANDEXPO.COM X 1995 FL OPERATION OF FAIR GROUNDS. 25 25 0 133 0 0 95169 85760 786906 726654 321 320 6051 13743 888447 826477 0 0 0 0 0 0 0 0 0 777733 796293 777733 796293 110714 30184 1127868 1129687 292921 264556 834947 865131 TO PORTRAY OPPORTUNITY OF AGRICULTURE TO THE ADULTS OF TOMORROW THROUGH EDUCATION AND EXAMPLE. 0 0 684681 740717 HELD ANNUAL PUTNAM COUNTY FAIR IN MARCH 2024. 684681 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 50 0 1 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 0 0 0 FL X THE ORGANIZATION 3863283247 PO BOX 400 EAST PALATKA FL 32131 X MARTIN BYRDAL DIRECTOR 5.00 X 0 0 0 RAYMOND BARNES DIRECTOR 5.00 X 0 0 0 KYLE HINES VICE PRESIDENT 5.00 X X 0 0 0 ROBBIE SCHOLL DIRECTOR 5.00 X 0 0 0 WAYNE MCCLAIN DIRECTOR 5.00 X 0 0 0 MICHELLE GRIMES DIRECTOR 5.00 X 0 0 0 DUSTIN CAISON DIRECTOR 5.00 X 0 0 0 CHRIS MIDDLETON DIRECTOR 5.00 X 0 0 0 VIKKI MILES SECRETARY 5.00 X X 0 0 0 APRIL SINGLETON DIRECTOR 5.00 X 0 0 0 SCOTT BRAUMAN DIRECTOR 5.00 X 0 0 0 ED KILLIBREW DIRECTOR 5.00 X 0 0 0 GWEN MOTES DIRECTOR 5.00 X 0 0 0 AMBER COUVER DIRECTOR 5.00 X 0 0 0 MALCOLM FABRE PRESIDENT 5.00 X X 0 0 0 RENEE HOUGH DIRECTOR 5.00 X 0 0 0 LINDSAY LAMBERT DIRECTOR 5.00 X 0 0 0 JAY BROWNING DIRECTOR 5.00 X 0 0 0 WEEZIE SMITH DIRECTOR 5.00 X 0 0 0 BILL FUTCH DIRECTOR 5.00 X 0 0 0 AUSTIN TILTON DIRECTOR 5.00 X 0 0 0 TK SHROUDER TREASURER 5.00 X X 0 0 0 CHARLOTTE MIDDLETON DIRECTOR 5.00 X 0 0 0 JEOVANNY PALENCIA DIRECTOR 5.00 X 0 0 0 SCOTT TILTON DIRECTOR 5.00 X 0 0 0 0 0 0 0 0 0 0 0 85760 85760 STEER & SWINE INCOME 900099 331137 331137 GATE RECEIPTS 900099 274962 274962 OFFSEASON EVENTS 900099 59546 59546 EXHIBIT INCOME 900099 34642 34642 EVENT INCOME 900099 9090 9090 17277 17277 726654 320 320 OTHER REVENUE 900099 13743 13743 13743 826477 740717 0 0 X 7190 7190 17145 17145 12221 12221 15261 15261 56594 56594 12894 12894 STEER & SWINE EXPENSE 307152 307152 CONTRACT LABOR 72387 72387 ENTERTAINMENT 59225 59225 UTILITIES 45961 45961 190263 170449 19814 796293 684681 111612 0 269207 309128 1551855 731296 858661 820559 1127868 1129687 247089 219406 45832 45150 292921 264556 X 834947 865131 834947 865131 1127868 1129687 30184 0 X X 1 X 0 1 0 X 34198 18168 105023 95169 85760 338318 34198 18168 105023 95169 85760 338318 338318 71 52 88 321 320 852 339170 2877812 0.99750 0.99800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30635 30635 936900 261977 674923 265476 205203 60273 318844 264116 54728 820559 DEPOSITS HELD 45150 45150 X PART X, LINE 2: ACCOUNTING FOR UNCERTAIN TAX POSITIONS THE ORGANIZATION HAS ADOPTED FASB ASC 740-10, ACCOUNTING FOR INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE INTERPRETATION PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. BASED ON ANALYSES OF VARIOUS FEDERAL AND STATE FILING POSITIONS OF THE ORGANIZATION, MANAGEMENT BELIEVES THAT ITS INCOME TAX FILING POSITIONS AND DEDUCTIONS ARE WELL DOCUMENTED AND SUPPORTED. AS OF DECEMBER 31, 2024, THE ORGANIZATION HAD NO TEMPORARY DIFFERENCES RELATING TO THE RECOGNITION OF INCOME AND EXPENSES FOR FINANCIAL AND TAX REPORTING PURPOSES. ACCORDINGLY, NO DEFERRED TAX ASSETS OR LIABILITIES ARE RECORDED. ADDITIONALLY, AS OF DECEMBER 31, 2024, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THEREFORE, NO RESERVES FOR UNCERTAIN INCOME TAX POSITIONS HAVE BEEN RECORDED PURSUANT TO FASB ASC 740-10. IN ADDITION, NO CUMULATIVE EFFECT ADJUSTMENT RELATED TO THE ADOPTION OF FASB ASC 740-10 WAS RECORDED. THERE HAVE BEEN NO INCREASES OR DECREASES IN UNRECOGNIZED TAX BENEFITS FOR CURRENT OR PRIOR YEARS SINCE THE DATE OF ADOPTION. FURTHERMORE, NO INTEREST OR PENALTIES HAVE BEEN INCLUDED SINCE NO RESERVES WERE RECORDED AND NO SIGNIFICANT INCREASES OR DECREASES ARE EXPECTED TO OCCUR WITHIN THE NEXT 12 MONTHS. WHEN APPLICABLE, SUCH INTEREST AND PENALTIES WILL BE REPORTED AS INCOME TAX EXPENSE. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE ORGANIZATION'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE ORGANIZATION WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES, AND INTEREST AS A RESULT OF SUCH CHALLENGE. AT DECEMBER 31, 2024, THE PERIODS THAT REMAIN OPEN TO EXAMINATION UNDER FEDERAL STATUTE ARE FOR THE YEARS ENDED DECEMBER 31, 2021 THROUGH 2023. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS AND APPROVES THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C PUTNAM COUNTY FAIR AUTHORITY, INC. HAS POLICIES AND PROCEDURES IN PLACE TO IDENTIFY,CONSIDER AND MANAGE POTENTIAL CONFLICTS OF INTEREST. THE ORGANIZATION'S EMPOYEES ARE REQUIRED TO MAKE REGULAR, TIMELY, AND FULL CONFIDENTIAL DISCLOSURE OF ANY CONFLICT OF INTEREST TO THEIR SUPERIOR. THE BOARD MEMBERS AND EMPLOYEES DISCLOSE TO ANY PERSONAL INTEREST BY SIGNING THE INTEREST CONFLICT POLICY ON A REGULAR BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT: GUIDESTAR.ORG FORM 990, PART IX, LINE 24E REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 40,631. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,631. FAIR EXPENSES: PROGRAM SERVICE EXPENSES 28,039. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,039. LIVESTOCK: PROGRAM SERVICE EXPENSES 20,064. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,064. EVENT CLEANING: PROGRAM SERVICE EXPENSES 18,030. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,030. SECURITY EXPENSE: PROGRAM SERVICE EXPENSES 17,462. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,462. TROPHIES AND AWARDS: PROGRAM SERVICE EXPENSES 14,088. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,088. EMPLOYEE LEASING EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12,848. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,848. PARKING: PROGRAM SERVICE EXPENSES 10,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,000. OTHER: PROGRAM SERVICE EXPENSES 6,671. MANAGEMENT AND GENERAL EXPENSES 687. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,358. BANK SERVICE CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,279. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,279. EMERGENCY SERVICES: PROGRAM SERVICE EXPENSES 5,749. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,749. BUYERS DINNER: PROGRAM SERVICE EXPENSES 3,851. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,851. BEAUTY PAGEANT: PROGRAM SERVICE EXPENSES 2,321. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,321. BUILDING IMPROVEMENTS: PROGRAM SERVICE EXPENSES 1,025. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,025. SPONSORSHIP: PROGRAM SERVICE EXPENSES 860. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 860. LICENSES & FEES: PROGRAM SERVICE EXPENSES 839. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 839. HOME DIVISION: PROGRAM SERVICE EXPENSES 526. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 526. AUTOMOBILE: PROGRAM SERVICE EXPENSES 158. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 158. DONATIONS: PROGRAM SERVICE EXPENSES 135. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 135. FORM 990. PART XII, LINE 2C THERE WERE NO CHANGES FROM THE PRIOR YEAR.