2020 Alaska State Fair Annual Report

[ ALASKA STATE FAIR ] 2020 Annual Report

Kristy Bernier, President

Jerome Hertel, CEO

UNRESTRICTED NET ASSETS Income Gate Admissions Vendors Beverage Parking Event Admissions Facilities Rental Winter Storage Sponsor - Cash Sponsors - In kind Other Income Miscellaneous Donations TOTAL INCOME, UNRESTRICTED

2020

2019

65,729 28,350 22,832 1,480 314,663 97,820 126,694 105,500 34,539 8,375 41,552 847,533

2,608,177 1,585,343 771,199 370,022 1,706,960 145,593 150,010 336,966 364,439 120,536 46,129 8,205,374

Expenses Salaries Insurance Interest & CC Fees Payroll Taxes Other Taxes & Licenses Utilities Depreciation Security, Parking, & Gates Marketing - Cash Marketing - In kind Restrooms Beverage Professional Fees Entertainment Office Maintenance Exhibits Other Expenses TOTAL EXPENSES

981,592 431,900 33,951 80,026 30,030 237,651 419,264 6,726 27,370 11,500 94,139 5,337 116,889 240,497 86,433 64,353 14,932 134,776 3,017,366

1,578,422 526,855 158,696 134,369 179,818 345,396 444,927 505,910 337,065 186,511 167,834 234,552 148,050 2,322,079 127,701 198,563 81,480 492,219 8,170,447

RESTRICTED NET ASSETS Capital Grants Miscellaneous Income & Grants TOTAL INCOME, RESTRICTED

220,000 1,361,992 1,581,992

27,500 29,500 57,000

(587,841)

91,927

TOTAL NET INCOME

ASSETS Current Assets Cash Prepaid Insurance Accounts Receivable Total Current Unrestricted Assets Total Current Restriced Assets - Grants Total Fixed Unrestricted Assets TOTAL ASSETS LIABILITIES & EQUITY Current Liabilities Payroll Liability Payables Deferred Grant Revenue Deposits Total Current Liabilities Long Term Liabilities Equity Retained Earnings State Capital Grants Depr-State Capital Grants Net Income Total Equity TOTAL LIABILITIES & EQUITY

2020

2016

1,533,895 97,372 31,313 1,662,580 (65,000) 6,590,160 8,187,740

1,562,065 128,007 75,414 1,765,485 26,475 6,819,165 8,611,125

27,428 75,493 417,100 520,021

19,381 62,641 111,079 111,215 304,316

0

0

8,255,559 5,260,314 (5,260,314) (587,841) 7,667,718 8,187,740

8,413,250 5,260,314 (5,260,314) (106,441) 8,306,809 8,611,125

2020

2019

2018

2017

2016

0

303,989

292,973

281,129

293,424

847,533

8,205,374

7,433,883

7,246,527

7,829,184

Total Restricted Revenue

1,581,992

57,000

354,228

229,737

224,579

Total Expenses

3,017,366

8,170,447

7,284,688

8,015,583

8,160,205

Net Income

(587,841)

91,927

503,423

(539,319)

(106,442)

Attendance Total Unrestricted Revenue