McLennan County Fair Inc.

Overview

McLennan County Fair Inc., also known as the Heart O' Texas Fair, is a nonprofit organization based in Texas. Established in 1950 as a corporation and commenced its operations in 1954, it is classified as a 501(c)(3) organization under the NTEE category of Agricultural Programs, which falls under the broader grouping of Food, Agriculture, and Nutrition[1][2].

Mission and Activities

The mission of McLennan County Fair Inc. is to promote the youth of the county through agricultural programs and scholarships, aiming to stimulate economic activity and growth in the surrounding community. The organization supports this mission by hosting a fair and rodeo, which benefits both the local community and the surrounding area[1]. Additionally, the fair hosts non-fair events on its grounds to complement its operations and further its goals[1].

In educational support, the McLennan County Fair provides scholarships to area students. For instance, eighty-three scholarships were awarded in 2021[1].

Financial Overview

As of the most recent available data, McLennan County Fair Inc. generates significant revenue from its activities. For the year ending in 2022, the organization reported a total revenue of approximately $8.6 million, with expenses totaling about $8.2 million[1]. However, another source indicates that expenses were higher at about $9.8 million, resulting in a net loss[2]. The primary sources of revenue include program services, rental property income, and contributions. Program services account for a substantial portion of the revenue, highlighting the fair's central role in generating income for the organization[2].

Impact and Assets

McLennan County Fair Inc. has maintained a stable growth trajectory over the years, with revenues increasing by about 4.8% annually over an eight-year period[1]. The organization's financial stability is reflected in its total assets, which have been reportedly around $8 million[2]. The fair's economic impact extends to the local community, supporting economic growth through events and activities.

Grants and Support

Beyond hosting events, McLennan County Fair Inc. also engages in philanthropic activities. In 2023, the organization provided grants totaling approximately $275,508[4]. This contribution to community development underscores the fair's commitment to supporting local and regional initiatives.

Ratings and Recognition

McLennan County Fair Inc. has achieved a 3/4 Star rating from Charity Navigator, reflecting its operational efficiency and financial transparency[5]. Despite its contributions to the community, it is not accredited by the Better Business Bureau (BBB)[3].

Leadership and Structure

The organization is led by a president/CEO, with Mr. Wes Allison serving in this role[3]. McLennan County Fair Inc. remains an independent entity, not affiliated with any larger national or regional groups[1].

[1] https://www.intellispect.co/organizations/741172561-mclennan-county-fair-inc [2] https://projects.propublica.org/nonprofits/organizations/741172561 [3] https://www.bbb.org/us/tx/waco/profile/arena/mclennan-county-fair-inc-0825-35174 [4] https://www.instrumentl.com/990-report/mclennan-county-fair-inc [5] https://www.charitynavigator.org/ein/741172561