THE PARK OF EAST TEXAS INC DBA EAST TEXAS STATE FAIR Charity Report

Public IRS 990 nonprofit record

THE PARK OF EAST TEXAS INC DBA EAST TEXAS STATE FAIR

EIN 75-0247290 · Recreation & Sports (N520)

What they do

THE PARK of EAST TEXAS, INC (POET) OPERATES, MAINTAINS, and SUPPORTS AN ANNUAL FAIR PRODUCED BY THE STAFF and VOLUNTEERS of THE PARK of EAST TEXAS, INC. THE POET PROMOTES THE ADVANCEMENT of EDUCATION THROUGH ESSAY CONTESTS, ART EXHIBITS and DISPLAYS of AGRICULTURAL and HORTICULTURAL ADVANCEMENTS, and TECHNIQUES and OTHER SUBJECTS THAT ARE USEFUL to INDIVIDUALS and BENEFICIAL to THE COMMUNITY. THE PARK of EAST TEXAS HAS ACQUIRED 240 ACRES WITH PLANS for A YEAR-ROUND MASTER PLANNED AREA WHICH INCLUDES EQUESTRIAN FACILITIES, EXHIBITION and EXPO SPACE, MEETING ROOMS, OPEN DEMONSTRATION and EDUCATIONAL SPACE, AN AMPHITHEATER, AN EVENTS CENTER, EQUESTRIAN and PEDESTRIAN TRAILS and A HOTEL. AN ENVIRONMENTALLY CONTROLLED, MULTI-PURPOSE ARENA is PLANNED for PHASE 1 WITH PLANNED USAGE to INCLUDE TRADE SHOWS, COMMENCEMENT PROGRAMS, CONVENTIONS, CONCERTS, HORSE SHOWS, CAR SHOWS, and OTHER EVENTS LEFT to THE IMAGINATION.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $65.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders28 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

71.34%of revenue went to mission work65.9% of expenses · Program services

$108.32spent for every $100 of revenueSpending was higher than revenue this year.

36.97%of revenue went to management and office costs34.1% of expenses

$3.11in assets for every $1 spent this yearSome assets cannot be spent right away.

14.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $163,358 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $255,239 for JOHN SYKES (PAST CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,964,350

Mission workProgram services$1,401,46371.34% of revenue65.9% of expenses

ManagementOffice and general costs$726,24536.97% of revenue34.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$2,127,708108.32% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 65.9% mission · 34.1% management · 0.0% fundraisingTotal expenses: 108.32% of revenue

2023Expense mix: 73.1% mission · 26.9% management · 0.0% fundraisingTotal expenses: 40.06% of revenue

2022Expense mix: 77.5% mission · 22.5% management · 0.0% fundraisingTotal expenses: 85.14% of revenue

2021Expense mix: 73.3% mission · 26.7% management · 0.0% fundraisingTotal expenses: 70.05% of revenue

2020Expense mix: 59.8% mission · 40.2% management · 0.0% fundraisingTotal expenses: 597.80% of revenue

2019Expense mix: 74.0% mission · 26.0% management · 0.0% fundraisingTotal expenses: 104.27% of revenue

2018Expense mix: 74.5% mission · 25.5% management · 0.0% fundraisingTotal expenses: 104.72% of revenue

2017Expense mix: 73.8% mission · 26.2% management · 0.0% fundraisingTotal expenses: 103.49% of revenue

Money in and money out

Revenue$1,964,350

Expenses$2,127,708

Annual shortfall $163,358 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,401,463 · 65.9% of expenses

Management and office costs$726,245 · 34.1% of expenses

See all reported dollar amounts

Revenue$1,964,350

Expenses$2,127,708

Assets$6,611,946

Income$1,964,350

Contributions$275,650

Mission work (program services)$1,401,463

Management and general$726,245

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JOHN SYKESPAST CEO · 40 hrs/week $255,239

CODY ROSENBALMCEO · 40 hrs/week $131,200

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (28)

JOHN SYKESPAST CEO

CODY ROSENBALMCEO

J SCOTT HERODDIRECTOR

SHELBIE GLOVERDIRECTOR

SCOTT MARTINEZDIRECTOR

PRESTON SMITHDIRECTOR

PHILLIP HERNANDEZDIRECTOR

PATRICK COOPERSECRETARY

MICHAEL STOLTZCHAIRMAN

MICHAEL SOAPEDIRECTOR

MARK UZZELLTREASURER

KYLE WATTSDIRECTOR

KEVIN FOWLERDIRECTOR

KENT HARRISDIRECTOR

JOHN MICHAEL ROWLANDDIRECTOR

ANDREW ADAMSDIRECTOR

GREG ADCOCKDIRECTOR

GEORGE ARNOLD IIIDIRECTOR

DREW BANKSTONDIRECTOR

DERRITH BONDURANTDIRECTOR

DAVID DIALDIRECTOR

CLARK HAMPEDIRECTOR

BRYAN IRWINDIRECTOR

BRITTANY CHILDSDIRECTOR

BOBBY GARMONDIRECTOR

BOB BREEDLOVEDIRECTOR

BEN JACKSONVICE CHAIRMAN

ANN FITZGERALDDIRECTOR

About this charity

Recognized since: January 1993
Location: 11315 STATE HIGHWAY 64 W, TYLER, TX 75704-6927
County: Smith
In care of: CODY ROSENBALM
Primary officer: CODY ROSENBALM, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailinfo@etstatefair.com Phone(903) 597-2501

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: GOLLOB MORGAN PEDDY PC
NTEE classification: Recreation & Sports (N520)