2025-10-14T15:03:24-05:00 2024-12-31 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2024-01-01 221720078 SUSSEX COUNTY FARM AND HORSE SHOW ASSOCIATION INC SUSS 9739485500 PO BOX 2456 BRANCHVILLE NJ 07826 JOAN SMITH PRESIDENT 9739485500 2025-10-10 1 0 ANTHONY RISPOLI P02467381 9733281825 2025-10-02 2024 2025-03-06 01:10:19Z NEW JERSEY STATE FAIR JOAN SMITH PO BOX 2456 BRANCHVILLE NJ 07826 3587831 0 X WWW.NJSTATEFAIR.ORG X 1940 NJ THE ASSOCIATION'S EXEMPT PURPOSES ARE TO CONDUCT THE SUSSEX COUNTY FARM AND HORSE SHOW (ALSO KNOWN AS THE NEW JERSEY STATE FAIR), BRING ATTENTION TO SUSSEX COUNTY, NEW JERSEY THROUGH COMMUNITY PARTICIPATION, ENCOURAGE LEADERSHIP, SPORTSMANSHIP AND DEVELOPMENT IN THE YOUTH OF THE COUNTY, DEVELOP AGRICULTURE IN ALL ITS BRANCHES, AND SUPPORT SUSSEX COUNTY, NEW JERSEY CHARITIES TO LESSEN BURDENS ON LOCAL COMMUNITIES IN MEETING THEIR HUMAN, HEALTH, AND WELFARE NEEDS. 18 17 136 800 -123172 0 403198 394503 2487853 2236761 5436 10002 167795 136744 3064282 2778010 4500 3000 0 0 528898 581098 0 0 55875 2361767 2551251 2895165 3135349 169117 -357339 4389928 4052095 851077 870583 3538851 3181512 X THE ASSOCIATION'S EXEMPT PURPOSES ARE TO CONDUCT THE SUSSEX COUNTY FARM AND HORSE SHOW (ALSO KNOWN AS THE NEW JERSEY STATE FAIR), BRING ATTENTION TO SUSSEX COUNTY, NEW JERSEY THROUGH COMMUNITY PARTICIPATION, ENCOURAGE LEADERSHIP, SPORTSMANSHIP AND DEVELOPMENT IN THE YOUTH OF THE COUNTY, DEVELOP AGRICULTURE IN ALL ITS BRANCHES, AND SUPPORT SUSSEX COUNTY, NEW JERSEY CHARITIES TO LESSEN BURDENS ON LOCAL COMMUNITIES IN MEETING THEIR HUMAN, HEALTH, AND WELFARE NEEDS. 0 0 2508362 3000 2041998 FAIR DIVISION: TO PROVIDE SAFE, FAMILY FRIENDLY ENTERTAINMENT, PRESENT EDUCATIONAL ACTIVITIES, PROMOTE YOUTH DEVELOPMENT AND GIVE FINANCIAL SUPPORT TO CHARITABLE NON-PROFIT ORGANIZATIONS. 49513 58389 AGRICULTURAL DIVISION: TO SHOWCASE NEW JERSEY'S AGRICULTURE. 364710 396290 HORSE SHOW DIVISION: TO DEMONSTRATE THE EXCELLENCE AND COMMITMENT OF THE COMMUNITY TO THESE WONDERFUL ANIMALS AND HELP RAISE FUNDS TO DO MAINTENANCE TO THE FACILITY AS WELL AS OFFER SCHOLARSHIPS TO STUDENTS OF THE SUSSEX COUNTY AREA. 2922585 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 76 0 1 136 1 1 1 0 0 0 0 0 0 0 0 0 X 18 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X JOAN SMITH 9739485500 PO BOX 2456 BRANCHVILLE NJ 07826 JOAN SMITH PRESIDENT 10.00 X X 0 0 0 HOWARD WORTS VICE PRESIDENT 10.00 X X 0 0 0 BARBARA THOMAS TREASURER 10.00 X X 0 0 0 LYNN PRTORICH SECRETARY 2.00 X X 0 0 0 LEEANN SWENSON TRUSTEE 2.00 X 0 0 0 JOHN HAFTEK TRUSTEE 2.00 X 0 0 0 TIFFANY KUNZ TRUSTEE 2.00 X 0 0 0 DENNIS SANSALE TRUSTEE 2.00 X 0 0 0 JOE PHILLIPS TRUSTEE 2.00 X 0 0 0 SUE STRUBLE TRUSTEE 2.00 X 0 0 0 JEFF POST TRUSTEE 2.00 X 0 0 0 ERIC KUNZ TRUSTEE 2.00 X 0 0 0 SHERMAN TOMASINO TRUSTEE 2.00 X 0 0 0 REBECCA GOLDSWORTHY TRUSTEE 2.00 X 0 0 0 RICHARD HAMMLER TRUSTEE 2.00 X 0 0 0 JC COWELL TRUSTEE 2.00 X 0 0 0 LINDA KLIM TRUSTEE 2.00 X 0 0 0 MIKE RICHARDS FAIR MANAGER 40.00 X 85250 0 0 85250 0 0 0 0 0 0 0 394503 394503 ADMISSIONS 713990 1422559 1422559 CONCESSIONS 713990 465059 465059 CARNIVAL RIDES 713990 222487 222487 MISCELLANEOUS 713990 68267 68267 FOOD AND BEVERAGE 713990 58389 58389 2236761 10002 10002 946565 809821 136744 136744 259916 -123172 2778010 2496677 -123172 10002 3000 3000 85251 70758 8525 5968 414745 344239 41474 29032 81102 67315 8110 5677 20554 20554 86437 82115 4322 44101 20948 20948 2205 311502 286565 24937 10588 10588 111547 111547 109876 104382 5494 EVENT EXPENSE 1078223 1078223 RENTAL EXPENSE 441799 441799 OUTSIDE SERVICES 173429 164758 8671 SANITATION 65201 65201 97994 81735 16259 3135349 2922585 156889 55875 2031190 1597840 6040 4505 10059326 7609576 2352698 2449750 4389928 4052095 6311 39434 453033 379471 391733 451678 851077 870583 X 3459851 3067512 79000 114000 3538851 3181512 4389928 4052095 -357339 0 X X 0 1 X 1 0 X 178600 531227 400895 403198 394503 1908423 174150 2077040 2357018 2487854 2236761 9332823 352750 2608267 2757913 2891052 2631264 11241246 0 0 0 11241246 1268 750379 1103201 947471 956567 3758886 1268 750379 1103201 947471 956567 3758886 99796 99796 354018 3458442 3861114 3838523 3587831 15099928 0.74450 0.77500 0.24890 0.21420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 447304 447304 4978605 3428521 1550084 3498994 3149010 349984 914133 815958 98175 220290 216087 4203 2449750 SECURITY DEPOSITS 3500 EIDL LOAN 372099 OTHER PAYABLES 76079 451678 X 3587831 809821 809821 2778010 0 2778010 3945170 809821 809821 3135349 0 3135349 PART X, LINE 2: SUSSEX COUNTY FARM AND HORSE SHOW ASSOCIATION, INC. IS AN APPROVED CHARITABLE, NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION IS AN EXEMPT ENTITY UNDER TITLE 15 OF THE STATE OF NEW JERSEY, CORPORATIONS AND ASSOCIATIONS NOT-FOR-PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAX HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS STATED THAT ALL REQUIRED TAX RETURNS WILL BE FILED AND APPLICABLE TAXES PAID IN A TIMELY MANNER. THE ASSOCIATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON A PORTION OF ITS RENTAL INCOME. THE ASSOCIATION FOLLOWS THE PROVISIONS OF FASB ASC, INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THOSE TAX POSITIONS. THE ASSOCIATION DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE YEARS ENDED DECEMBER 31, 2024 AND 2023. HOWEVER, THE ASSOCIATION IS SUBJECT TO REGULAR AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS, WHICH THE ASSOCIATION BELIEVES WOULD BE UPHELD UPON EXAMINATION. THE ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. THE ASSOCIATION DOES NOT HAVE A TAX LIABILITY ACCRUED FOR AS OF DECEMBER 31, 2024 AND 2023. AS REQUIRED BY LAW, THE ASSOCIATION FILES INFORMATIONAL TAX RETURNS WITH THE INTERNAL REVENUE SERVICE ON AN ANNUAL BASIS - FORM 990. THE ASSOCIATION ALSO FILES INFORMATION RETURNS WITH THE NEW JERSEY STATE DEPARTMENT OF REVENUE ON AN ANNUAL BASIS - FORM CRI-300R. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THESE AUTHORITIES WITHIN CERTAIN STATUTORILY DEFINED PERIODS FOR FEDERAL AND FOR NEW JERSEY. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES - ALL SEASON CONSERVATORY 809,821. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES - ALL SEASON CONSERVATORY 809,821. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING BOARD MEMBERS ARE RELATED: TIFFANY AND ERIC KUNZ. FORM 990, PART VI, SECTION B, LINE 11B SUSSEX COUNTY FARM AND HORSE SHOW ASSOCIATION, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ASSOCIATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED PRIOR TO THE RETURN BEING FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C SUSSEX COUNTY FARM AND HORSE SHOW ASSOCIATION, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ASSOCIATIONS OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES AN INDEPENDENT BODY. FORM 990, PART VI, SECTION C, LINE 19 SUSSEX COUNTY FARM AND HORSE SHOW ASSOCIATION, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY UPON WRITTEN REQUEST AT THE ASSOCIATIONS OFFICE AT P.O. BOX 2456, BRANCHVILLE, NJ 07826. IN ADDITION FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ASSOCIATIONS OFFICE. FORM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR.