Southeast Alaska State Fair Inc
Overview
Mission
Southeast Alaska State Fair Inc enriches community by hosting celebrations of heritage, creativity, and social exchange. Southeast Alaska State Fair hosts a regional Fair and plans and operates other events that enhance the economic, cultural, and creative well-being of Haines and the region, and encourages year-round use of the fairgrounds or educational and active pursuits.
What it reported doing in 2024
The 54th Annual Southeast Alaska State Fair is a community event organized and orchestrated for the betterment of both our local community and those around us. The Southeast Alaska State Fair hosts a 4-day event full of art, music, food and family for everyone to enjoy. Many attendees come from surrounding communities to take part in the four days of fun. There is a logging show, children's rides and a variety of music on the big stage.
Operating model
- Revenue model
- Earned-program. 76% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 237078520
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Headquarters
- Haines, AK, USA
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Services
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 65
- Accountability: 79
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.5%; rating input score 94
- Program expense ratio: 86.6%; rating input score 87
- Fundraising efficiency: $1.78 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -8.4%; rating input score 24; 24th percentile among comparable filings
- Operating reserve ratio: 3.43; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: 10.2%; rating input score 29; 29th percentile among comparable filings
Growth
- Program expense growth: 32.3% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 11.9% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: 0.7% per year; rating input score 100; 27th percentile among comparable filings
Details
- Where the money goes: 94.5% of revenue deployed · 86.6% of spending went to programs
- Governance: 9 of 9 board members independent · 4 of 8 filing controls reported
- Programs: 5 filed program accomplishments · $378K in reported program spending
- Leadership: top reported pay $45K · 12 people listed · 1 of 6 pay-setting controls reported
- Consistency: 41 of 42 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 5 annual filings from 2020 to 2024
- Money network: 1 filed money-flow record