2016-07-01T08:27:08-05:00 2015-12-31 510218897 HORTY & HORTY PA 503 CARR ROAD SUITE 120 WILMINGTON DE 19809 990 2015-01-01 510072431 THE DELAWARE STATE FAIR INC DELA 3023983269 PO BOX 28 HARRINGTON DE 19952 R RONALD DRAPER PRESIDENT 3023983269 2016-06-15 1 PAIGE M RUBINO P00747374 3026524194 2016-06-15 2015 2016-09-27 15:27:22Z R RONALD DRAPER PO BOX 28 HARRINGTON DE 19952 12401106 0 X WWW.DELAWARESTATEFAIR.COM X 1920 DE THE MISSION OF THE DELAWARE STATE FAIR, INC. FOCUSES ON THE PRESERVATION OF THE PAST, PROMOTION OF THE PRESENT, AND EDUCATION IN THE FUTURE, OF AGRICULTURE, HORTICULTURE, MECHANICAL ARTS, AND RURAL AND DOMESTIC ECONOMY. 80 74 439 300 575722 -176393 598901 557147 5044421 4560451 1203287 35285 1031995 1205853 7878604 6358736 34250 25350 0 0 1755376 1748662 0 0 0 5819515 5830975 7609141 7604987 269463 -1246251 32704242 31298626 3402920 3229555 29301322 28069071 THE MISSION OF THE DELAWARE STATE FAIR, INC. FOCUSES ON THE PRESERVATION OF THE PAST, PROMOTION OF THE PRESENT, AND EDUCATION IN THE FUTURE, OF AGRICULTURE, HORTICULTURE, MECHANICAL ARTS, AND RURAL AND DOMESTIC ECONOMY. 0 0 7238452 25350 6326605 ORGANIZE AND OPERATE THE DELAWARE STATE FAIR 7238452 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 78 0 0 439 1 1 1 0 0 0 0 0 0 0 0 0 X 80 74 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DE X THE DELAWARE STATE FAIR INC 3023983269 PO BOX 28 HARRINGTON DE 199520028 R RONALD DRAPER PRESIDENT 1.00 1.00 X X 0 0 0 JOHN M SHORT 1ST VICE PRESIDENT 1.00 X X 0 8960 0 KENNETH S CLARK JR 2ND VICE PRESIDENT 1.00 X X 0 0 0 HARVEY R KENTON JR 3RD VICE PRESIDENT 1.00 X X 0 0 0 R BRUCE BETTS 4TH VICE PRESIDENT 1.00 X X 0 0 0 WILLIAM J DIMONDI GEN MANAGER/SECRETARY 60.00 X X X 173564 0 6943 C DOUGLAS CROUSE TREASURER 5.00 X X 1500 0 0 ROBERT A HOLLOWAY EXECUTIVE BOARD 1.00 X 0 0 0 AMY JONES EXECUTIVE BOARD 0.00 X 0 0 0 RONALD HATFIELD EXECUTIVE BOARD 1.00 X 0 0 0 W LEROY BETTS EXECUTIVE BOARD 1.00 1.00 X 0 0 0 G ROBERT MOORE JR EXECUTIVE BOARD 0.00 X 0 0 0 JEANIE T DELEO EXECUTIVE BOARD 1.00 X 0 0 0 DENNIS S HAZZARD EXECUTIVE BOARD 0.00 X 0 0 0 J WILLIAM ANDREW EXECUTIVE BOARD 1.00 1.00 X 0 0 0 F GARY SIMPSON EXECUTIVE BOARD 0.00 X 0 0 0 JOSEF A BURGER EXECUTIVE BOARD 1.00 1.00 X 0 0 0 WILLIAM G JESTER EXECUTIVE BOARD 1.00 X 0 0 0 HARRY E RAUGHLEY EXECUTIVE BOARD 0.00 X 0 0 0 JAMES W MESSICK EXECUTIVE BOARD 1.00 1.00 X 0 0 0 BRENT M ADAMS JR DIRECTOR 0.00 X 0 0 0 RUTHI ADAMS-JOSEPH DIRECTOR 0.00 X 0 0 0 EUGENE H BAYARD DIRECTOR 1.00 1.00 X 0 0 0 RONALD BREEDING DIRECTOR 0.00 X 0 0 0 HAROLD K BRODE DIRECTOR 0.00 X 0 0 0 DONALD BULLOCK DIRECTOR 0.00 X 0 0 0 ARTHUR B CAHALL III DIRECTOR 0.00 X 0 0 0 L AARON CHAFFINCH DIRECTOR 0.00 X 0 0 0 JEFF CHAMBERS DIRECTOR 0.00 X 0 0 0 ALLEN J COOK DIRECTOR 0.00 X 0 0 0 KRISTIN COOK DIRECTOR 0.00 X 0 0 0 H WALLACE COOK JR DIRECTOR 0.00 X 0 0 0 WILLIAM J COOK DIRECTOR 0.00 X 0 0 0 JOHN M CURTIS JR DIRECTOR 0.00 X 0 0 0 JOHN T DAWSON DIRECTOR 0.00 X 0 0 0 JD DENNIS SR DIRECTOR 0.00 X 0 0 0 A EUGENE DILL DIRECTOR 0.00 X 0 0 0 MARIAN HANDLIN DIRECTOR 0.00 X 0 0 0 JOHN W HENDRICKS DIRECTOR 0.00 X 0 0 0 JOHN W HICKEY DIRECTOR 0.00 X 0 0 0 GARY B HOMEWOOD HONORARY DIRECTOR 0.00 X 0 0 0 JOHN D HUKILL DIRECTOR 0.00 X 0 0 0 KAREN HUTCHISON DIRECTOR 0.00 X 0 0 0 RONALD W JARRELL DIRECTOR 0.00 X 0 0 0 DAVID G JONES DIRECTOR 0.00 X 0 0 0 ROBERT A KILLEN DIRECTOR 0.00 X 0 0 0 RICHARD G KLAIR DIRECTOR 0.00 X 0 0 0 ROGER MARINO DIRECTOR 0.00 X 0 0 0 KENNETH L MCDOWELL DIRECTOR 1.00 1.00 X 0 0 0 JAMES W MESSICK II DIRECTOR 0.00 X 0 0 0 ANNE T MINNER DIRECTOR 1.00 1.00 X 0 0 0 ELIZABETH MORRIS DIRECTOR 0.00 X 0 0 0 DONNA MOWBRAY DIRECTOR 0.00 X 0 0 0 WILLIAM C MYERS JR DIRECTOR 0.00 X 0 0 0 WILLIAM R OUTTEN DIRECTOR 0.00 X 0 0 0 WILLIAM COULTER PASSWATERS DIRECTOR 0.00 X 0 0 0 PETE PIZZADILI DIRECTOR 0.00 X 0 0 0 ROBERT E PRICE DIRECTOR 0.00 X 0 0 0 ANTHONY RICHARDSON DIRECTOR 0.00 X 0 0 0 ROBERT F RIDER JR DIRECTOR 0.00 X 0 0 0 RICHARD L SAPP SR DIRECTOR 0.00 X 0 0 0 JAMES M SATTERFIELD DIRECTOR 0.00 X 0 0 0 DENIS P SHAFFER DIRECTOR 0.00 X 0 0 0 BRIAN C SOMERS DIRECTOR 0.00 X 0 0 0 ROBERT TAYLOR DIRECTOR 0.00 X 0 0 0 H WESLEY TOWERS JR DIRECTOR 0.00 X 0 0 0 SUSAN TRUEHART GAREY DIRECTOR 0.00 X 0 0 0 DEBORAH VANDERWENDE DIRECTOR 0.00 X 0 0 0 WILLIAM VANDERWENDE DIRECTOR 0.00 X 0 0 0 JIMMY D WARREN DIRECTOR 0.00 X 0 0 0 MICHAEL WASYLKOWSKI DIRECTOR 0.00 X 0 0 0 N EDGAR WELCH DIRECTOR 0.00 X 0 0 0 DAVID L WILSON DIRECTOR 0.00 X 0 0 0 GEORGE LUFF DIRECTOR 0.00 X 0 0 0 JAMES M SATTERFIELD IV DIRECTOR 0.00 X 0 0 0 ELAINE ZEITLER WEBB DIRECTOR 0.00 X 0 0 0 DELBERT C CAIN HONORARY DIRECTOR 0.00 X 0 0 0 RICHARD CALHOUN HONORARY DIRECTOR 0.00 X 0 0 0 JAMES L CROTHERS HONORARY DIRECTOR 0.00 X 0 0 0 MARY E PITLICK HONORARY DIRECTOR 0.00 X 0 0 0 DAVID WOODWARD HONORARY DIRECTOR 0.00 X 0 0 0 PENI WARREN EXECUTIVE BOARD 0.00 X 0 0 0 MARK BREEDING DIRECTOR 0.00 X 0 0 0 DONALD R MCLAMB JR DIRECTOR 0.00 X 0 0 0 ROBERT TAYLOR HONORARY DIRECTOR 0.00 X 0 0 0 NIKKI MOWBRAY DIRECTOR 0.00 X 0 0 0 RUSSELL NEAL DIRECTOR 0.00 X 0 0 0 175064 8960 6943 1 0 1 0 NKOTB II INC PO BOX 15203 WILMINGTON DE 19850 ENTERTAINMENT 331200 MTRAIN TOURING INC PO BOX 340020 NASHVILLE TN 37203 ENTERTAINMENT 203193 GRAYBAR PO BOX 414396 BOSTON MA 02241 LIGHT REPLACEMENT PROJECT 177624 HIGHMARK BCBS OF DELAWARE PO BOX 382162 PITTSBURGH PA 15251 EMPLOYEE BENEFITS 161350 THE ROSEBUD TOURING CO 240 MAIN STREET 3 NYACK NY 10960 ENTERTAINMENT 150000 6 121614 435533 557147 GATE AND GRANDSTAND 713990 2467048 2467048 CONCESSIONS 713990 592364 592364 CENTRE REVENUE 713990 575722 575722 CARNIVAL 713990 495497 495497 OTHER INCOME 713990 392678 392678 37142 37142 4560451 -378627 -378627 1116109 0 1116109 1116109 1116109 6424067 3154 6013309 0 410758 3154 413912 3154 410758 118805 29061 89744 89744 6358736 4077627 575722 1148240 25350 25350 175064 166311 8753 1221019 1185886 35133 84271 80777 3494 152685 146546 6139 115623 112167 3456 58754 58754 3410 3410 40870 40870 56851 56851 18280 18280 220222 220222 36531 34982 1549 44526 42400 2126 100516 100516 1137663 1093973 43690 262494 252262 10232 GRANDSTAND/SUPPORT 1154139 1154139 FAIR WEEK EXPENSES 838745 838745 UTILITIES, TRASH, R&M/F 830284 805372 24912 MISCELLANEOUS 558830 556212 2618 468860 464354 4506 7604987 7238452 366535 0 2148568 2171110 505950 521476 132287 118414 35331949 20020679 16006098 15311270 13400821 13008118 155628 155628 354890 12610 32704242 31298626 471629 461167 547438 698569 2346649 2029267 37204 40552 3402920 3229555 X 29301322 28069071 29301322 28069071 32704242 31298626 X -1246251 14000 X X 0 1 X 1 0 X 539915 537885 543153 598901 557147 2777001 539915 537885 543153 598901 557147 2777001 2777001 2165744 2857424 1588447 1572832 345059 8529506 11306507 26114826 X THE REQUIREMENTS OF REG. 1.170A-9(F)(3)(I), (F)(3)(II), AND (F)(3)(III) ARE SUMMARIZED AND ADDRESSED BELOW. NOTABLY, (F)(3)(I) PROVIDES THAT AN ORGANIZATION MAY QUALIFY AS PUBLICLY SUPPORTED SO LONG AS AT LEAST 10% OF ITS SUPPORT NORMALLY COMES FROM GOVERNMENT AND PUBLIC SUPPORT. BASED ON THE CURRENT YEAR AND THE FOUR IMMEDIATELY PRECEDING YEARS, 24.56% OF THE FAIR'S TOTAL SUPPORT DURING THIS PERIOD WAS FROM GOVERNMENT AND PUBLIC SUPPORT. CONSEQUENTLY, THE FAIR MEETS THE 10% PUBLIC SUPPORT LIMITATION OF 1.170A-9(F)(3)(I). PURSUANT TO REG. 1.170-9(F)(3)(II), THE FAIR IS ORGANIZED AND OPERATED SO AS TO ATTRACT NEW AND ADDITIONAL PUBLIC OR GOVERNMENTAL SUPPORT ON A CONTINUAL BASIS. SOME RELEVANT EXAMPLES INCLUDE THE FOLLOWING: (1) EACH YEAR FOR OVER FIFTY YEARS, THE FAIR HAS APPLIED FOR AND BEEN AWARDED GRANT-IN-AID CONTRIBUTIONS PAID DIRECTLY BY THE STATE OF DELAWARE IN ANNUAL AMOUNTS CURRENTLY IN THE RANGE OF $120,000 - $150,000, AND (2) EACH YEAR THE FAIR SOLICITS AND RECEIVES CONTRIBUTIONS FROM A BROAD RANGE OF LOCAL AND REGIONAL BUSINESSES.PARAGRAPHS (A) THROUGH (E) OF 1.170A-9(F)(3)(III) ARE ADDRESSED, IN TURN, BELOW:(A)PERCENTAGE OF FINANCIAL SUPPORT - NOTABLY, PARAGRAPH (A) PROVIDES THAT "[I]F THE PERCENTAGE OF THE ORGANIZATION'S SUPPORT FROM PUBLIC OR GOVERNMENTAL SOURCES IS LOW BECAUSE IT RECEIVES A HIGH PERCENTAGE OF ITS TOTAL SUPPORT FROM INVESTMENT INCOME ON ENDOWMENT FUNDS, SUCH FACT WILL BE TREATED AS EVIDENCE OF AN ORGANIZATION BEING "PUBLICLY SUPPORTED" IF SUCH ENDOWMENT FUNDS WERE ORIGINALLY CONTRIBUTED BY A GOVERNMENTAL UNIT OR BY THE GENERAL PUBLIC." THE PRIMARY SOURCES OF THE INVESTMENT INCOME CURRENTLY RECEIVED BY THE FAIR ARE ASSETS UNDER INVESTMENT MANAGED BY M&T BANK AND PNC BANK. BOTH OF THESE INVESTMENTS WERE INITIALLY PURCHASED OR FUNDED COMPLETELY WITH CONTRIBUTIONS RECEIVED FROM THE GENERAL PUBLIC AND THE STATE OF DELAWARE. (B)SOURCES OF SUPPORT - THE FAIR RECEIVES SIGNIFICANT SUPPORT FROM THE STATE OF DELAWARE, AND FROM A BROAD NUMBER OF BUSINESSES AND INDIVIDUALS WHICH VARY FROM YEAR TO YEAR. NO INDIVIDUAL, FAMILY OR LIMITED GROUP OF INDIVIDUALS IS CONSISTENTLY AND ANNUALLY RESPONSIBLE FOR A SUBSTANTIAL AMOUNT OF THE FAIR'S SUPPORT.(C)REPRESENTATIVE GOVERNING BODY - THE FAIR HAS A VERY LARGE BOARD OF DIRECTORS (APPROXIMATELY 80 MEMBERS) THAT IS REPRESENTATIVE OF THE BROAD INTERESTS OF THE PUBLIC. THE BOARD IS VERY DIVERSE AND INCLUDES A BROAD CROSS-SECTION OF THE VIEWS AND INTERESTS OF THE COMMUNITIES COMPRISING SOUTHERN DELAWARE AND THE DEL-MAR-VA PENINSULA INCLUDING: FINANCIAL; LEGAL AND ACCOUNTING PROFESSIONALS; COMMUNITY LEADERS; PUBLIC OFFICIALS SERVING AT MUNICIPAL, COUNTY, AND STATE LEVELS OF GOVERNMENT; FARMERS AND RELATED AGRIBUSINESS PEOPLE; EDUCATORS; RETIRED MILITARY' BLUE COLLAR EMPLOYEES; AND MEMBERS OF THE GENERAL PUBLIC. IN ADDITION TO HAVING A VERY LARGE BOARD OF DIRECTORS THAT IS REPRESENTATIVE OF THE GENERAL PUBLIC, THE DIRECTORS THAT SERVE ON THE BOARD OF DIRECTORS ARE ELECTED ANNUALLY BY APPROXIMATELY 5,200 INDIVIDUAL MEMBERS OF THE FAIR. (D)AVAILABILITY OF PUBLIC FACILITIES OR SERVICES - THE FAIR ALLOWS MANY CHARITABLE ORGANIZATIONS TO USE ITS FACILITIES FOR EDUCATIONAL, RECREATIONAL AND ENTERTAINMENT PURPOSES. CHARITABLE ORGANIZATIONS TAKING ADVANTAGE OF THE FAIR'S OFFER TO USE ITS FACILITIES INCLUDE: FFA (FUTURE FARMERS OF AMERICA); 4-H; 4-H FOUNDATION; STATE GRANGE AND LOCAL RURITAN CLUBS; AGRICULTURAL EXTENSION SERVICE; DELAWARE BREAST CANCER COALITION; AND DELAWARE RURAL WATER ASSOCIATION, AMONG OTHERS.(E)ADDITIONAL FACTORS CONSIDERATION OF THE FAIR'S STATED AND ADOPTED MISSION AND A REVIEW OF ITS OPERATIONS STRONGLY SUPPORTS THE CONCLUSION THAT THE FAIR BENEFITS THE PUBLIC AT LARGE. EACH YEAR APPROXIMATELY 325,000 PEOPLE ATTEND THE DELAWARE STATE FAIR. EACH YEAR AT THE DELAWARE STATE FAIR THERE ARE APPROXIMATELY 3,000 EXHIBITORS (PRIMARILY CHILDREN) ENTERING 46,000 EXHIBITS (INCLUDING LIVESTOCK, HOME CRAFTS, FARM, FRUIT AND APIARY, NEEDLECRAFT, CHILDREN'S AND CULINARY COMPETITIVE EXHIBITS AND CONTESTS) AND 2,300 ANIMALS IN COMPETITION WITH ONE ANOTHER. OVER 300 COMMUNITY MEMBERS VOLUNTEER IN THE AGGREGATE OVER 4,000 HOURS EACH YEAR TO ASSIST IN CONDUCTING THE ANNUAL DELAWARE STATE FAIR. THE DELAWARE STATE, INC. IS A DIVERSE, VOLUNTEER SUPPORTED NON-PROFIT COMMUNITY BASED ORGANIZATION THAT IS COMMITTED TO EDUCATING AND PROMOTING AGRICULTURAL HERITAGE AND VALUES. THE FAIR PROVIDES EDUCATIONAL EXHIBITS, DEMONSTRATIONS AND COMPETITIONS AIMED AT THE ADVANCEMENT OF LIVESTOCK, HORTICULTURE AND AGRICULTURE WITH SPECIAL EMPHASIS PLACED ON EDUCATIONAL ACTIVITIES SUCH AS 4-H, FFA, AND SIMILAR YOUTH DEVELOPMENT PROGRAMS. THE FAIR CONDUCTS AND PROMOTES ITS ANNUAL 10-DAY FAIR TO SERVE AS ITS PRIMARY MEDIUM TO ACHIEVE ITS MISSION. THE PRIMARY FOCUS OF THE FAIR IS TO SERVE AS A SHOWCASE OF THE TALENTS OF THE YOUTH AND CITIZENS OF THE COMMUNITY BY PROVIDING THEM WITH A MEANS OF EDUCATION, EXHIBITION AND COMPETITION INVOLVING VARIOUS LIVESTOCK AND NON-LIVESTOCK PROJECTS IN WHICH THE YOUTH AND CITIZENS OF THE COMMUNITY ARE INVOLVED. THE FAIR STRIVES TO CREATE AN EVENT THAT CELEBRATES AN ATMOSPHERE OF RESPONSIBLE COMMUNITY INVOLVEMENT AND CITIZENSHIP. THE FAIR ALSO PROMOTES NON-FAIR EVENTS THROUGHOUT THE YEAR THAT AID IN SUSTAINING THE FAIRGROUNDS WHILE KEEPING IN FOCUS THE OVERALL MISSION OF THE FAIR. OPERATION OF THE FAIRGROUNDS FACILITIES YEAR-ROUND ARE TO SERVE THE COMMUNITY BY PROVIDING MULTI- PURPOSE FACILITIES FOR BOTH PUBLIC AND PRIVATE EVENTS IN A RESPONSIBLE MANNER GENERATING ECONOMIC STIMULATION AND TOURISM DEVELOPMENT. THE FAIR USES ITS OWN BOARD MEMBERS, AS WELL AS HUNDREDS OF VOLUNTEERS FROM COMMUNITY ORGANIZATIONS, CIVIC CLUBS, AND INDIVIDUALS TO PROVIDE THE NECESSARY MANPOWER AND EXPERTISE THAT IS NEEDED TO ENSURE THAT THE FAIR FULFILLS ITS MISSION. AS CAN BE SEEN FROM THE FOREGOING EXAMPLES, THE ACTIVITIES OF THE FAIR APPEAL TO PERSONS HAVING BROAD COMMON INTERESTS AND PURPOSES.IN SUMMARY, ALTHOUGH THE FAIR DOES NOT LIKELY MEET THE 33 1/3 PERCENT SUPPORT TEST, IT DOES SURPASS THE 10% MINIMUM THRESHOLD. IT IS RESPECTFULLY SUBMITTED THAT CONSIDERATION OF THE BROAD REPRESENTATIVE NATURE OF ITS GOVERNING BOARD, THE BROAD SUPPORT OF THE FAIR BY THE PUBLIC, AND THE PROVISION OF FACILITIES BY THE FAIR TO THE PUBLIC AND OTHER CHARITABLE ORGANIZATIONS PROVIDES CLEAR AND CONSISTENT EVIDENCE OF THE CHARITABLE PUBLIC PURPOSE OF THE FAIR'S EXISTENCE. PLEASE NOTE THAT DUE TO SOFTWARE LIMITATIONS, WE ARE PRECLUDED FROM PROVIDING CERTAIN DETAILS TO THIS FACTS AND CIRCUMSTANCES NARRATIVE. WE HAVE THEREFORE SUMMARIZED THE NARRATIVE FOR PURPOSES OF FORM 990, SCHEDULE A, PART IV. HOWEVER, THE FULL NARRATIVE IS AVAILABLE FOR PUBLIC INSPECTION AS PART OF THE FAIR'S APPROVED APPLICATION FOR RECOGNITION OF EXEMPTION UNDER SECTION 501(C)(3) (IRS FORM 1023). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 364182 364182 16966534 5731028 11235506 11358672 8151416 3207256 6591602 6087276 504326 50959 50959 0 15311270 RETIREMENT CONTRIBUTION PAYABLE 39302 DEPOSITS 1250 40552 X 6401797 14000 14000 6387797 -29061 -29061 6358736 7634048 29061 29061 7604987 0 7604987 PART X, LINE 2: THE FAIR RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. MANAGEMENT HAS EVALUATED THE FAIR'S TAX POSITIONS AND CONCLUDED THAT THE FAIR HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. GENERALLY, THE FAIR IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, AND LOCAL AUTHORITIES FOR YEARS BEFORE 2012, DUE TO THE EXPIRATION OF THE STATUTE OF LIMITATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ISSUANCE OF SHARES 14,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -29,061. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 29,061. 0 THE MID-DEL CHARITABLE FOUNDATION 15 WEST RIDER ROAD HARRINGTON DE 19952 383642292 501(C)(3) 25000 TO CONTRIBUTE TO AN ORGANIZATION THAT SUPPORTS ACTIVITIES INVOLVING AGRICULTURAL, CIVIC, AND SOCIAL NEEDS EXISTING IN THE STATE OF DELAWARE. PART I, LINE 2: CERTAIN BOARD MEMBERS OF THE DELAWARE STATE FAIR MEET WITH REPRESENTATIVES FROM THE MID-DEL CHARITABLE FOUNDATION EACH YEAR TO DISCUSS THE ALLOCATION OF AVAILABLE FUNDS. X X 0 0 0 0 0 0 0 0 0 WILLIAM J DIMONDI GEN MANAGER/SECRETARY 173564 0 0 0 0 0 6943 0 0 0 180507 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 R. BRUCE BETTS AND W. LEROY BETTS - FAMILY RELATIONSHIP H. WALLACE COOK, JR., BRIAN SOMERS AND ELIZABETH MORRIS - FAMILY RELATIONSHIP JAMES W. MESSICK AND JAMES W. MESSICK, II - FAMILY RELATIONSHIP COULTER PASSWATERS AND JOHN HUKILL - FAMILY RELATIONSHIP WILLIAM VANDERWENDE AND DEBORAH VANDERWENDE - FAMILY RELATIONSHIP JAMES M. SATTERFIELD & JAMES M. SATTERFIELD IV - FAMILY RELATIONSHIP DONNA MOWBRAY AND NIKKI MOWBRAY - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 6 AS OF DECEMBER 31, 2015, THE DELAWARE STATE FAIR, INC. HAD APPROXIMATELY 5,200 SHAREHOLDERS. SHARES CAN BE PURCHASED DIRECTLY FROM THE DELAWARE STATE FAIR, INC. FOR THE ESTABLISHED PRICE OF $500/SHARE. A CERTIFICATE IS NOT A SECURITY AND DOES NOT CONVEY ANY EQUITY OR OWNERSHIP INTEREST IN THE DELAWARE STATE FAIR, INC. OR ANY OF ITS ASSETS. A SHAREHOLDER SHALL NOT BE ENTITLED TO ANY DISTRIBUTION OR PORTION OF THE ASSETS OF THE DELAWARE STATE FAIR, INC. UPON ITS DISSOLUTION OR WINDING UP. NO DIVIDEND WILL EVER BE PAID TO THE HOLDER OF A CERTIFICATE. ANNUALLY, SHAREHOLDERS MEET IN ORDER TO ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A SHAREHOLDERS MEET ANNUALLY TO ELECT THE BOARD OF DIRECTORS. THE BOARD'S NOMINATING COMMITTEE MEETS ONCE OR TWICE PRIOR TO THE ANNUAL SHAREHOLDERS MEETING TO FORMULATE RECOMMENDATIONS FOR NOMINATING A SLATE OF DIRECTORS FOR THE SERVICE DURING THE ENSUING YEAR. THESE NOMINATIONS ADDRESS RE-ELECTION OF SITTING DIRECTORS AS WELL AS ADDRESSING ANY VACANCIES CREATED BY RESIGNATION OR DEATH DURING THE PREVIOUS TWELVE MONTHS. THE NOMINATING COMMITTEE'S RECOMMENDATIONS ARE REPORTED OUT AT THE SHAREHOLDERS MEETING. THE SHAREHOLDERS ACTING AS A QUORUM (BY WAY OF A COMIBINATION OF PERSONAL PRESENCE AND VOTES EXERCISED BY VALIDLY AUTHORIZED PROXIES) ELECT A BOARD. THE NEWLY ELECTED (OR RE-ELECTED) BOARD THEN MEETS AND CONDUCTS AN ANNUAL REORGANIZATION MEETING OF THE BOARD OF DIRECTORS AT WHICH TIME OFFICERS ARE ELECTED TO SERVE FOR THE FOLLOWING TWELVE MONTHS. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS REVIEWED AT THE DELAWARE STATE FAIR'S ANNUAL MEETING. FOR THOSE THAT ARE UNABLE TO ATTEND, AN ALTERNATE DATE FOR REVIEW IS ESTABLISHED. FORM 990, PART VI, SECTION B, LINE 12C PURCHASE AND PROCUREMENT PROCESSES ARE MONITORED ON A TRANSACTION LEVEL BASIS FOR COMPLIANCE WITH THE BOARD'S ETHICS AND CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGER PERFORMS ANNUAL REVIEWS OF ALL KEY EMPLOYEES AND REVIEWS SALARY RECOMMENDATIONS WITH THE BOARD'S PERSONNEL COMMITTEE WHICH CONSIDERS COMPARABLE SALARIES FROM WITHIN THE FAIR AND ENTERTAINMENT INDUSTRIES. THE BOARD'S PERSONNEL COMMITTEE REVIEWS THE GENERAL MANAGER IN THE SAME FASHION REFERENCED ABOVE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: ISSUANCE OF SHARES 14,000. FORM 990, PART XII, LINE 2C: FORM 990, PART XII, LINE 2C: THE FINANCE AND BUDGET COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. FORM 4562 THE DELAWARE STATE FAIR, INC., HEREBY ELECTS, PURSUANT TO IRC SEC. 168(K)(2)(D)(III), NOT TO CLAIM THE ADDITIONAL DEPRECIATION ALLOWABLE UNDER IRC SEC. 168(K) FOR ALL QUALIFYING PROPERTY PLACED IN SERVICE DURING THE TAX YEAR ENDING DECEMBER 31, 2015. SEE ATTACHED FORM 4562 THE MID-DEL CHARITABLE FOUNDATION 15 WEST RIDER ROAD HARRINGTON DE 19952 383642292 CHARITABLE FOUNDATION DE 501(C)(3) PF N/A 0 HARRINGTON RACEWAY INC 15 WEST RIDER ROAD HARRINGTON DE 19952 510106130 VIDEO LOTTERY/RACING DE N/A C 61381320 0.77000 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 HARRINGTON RACEWAY INC A 500000 HARRINGTON RACEWAY INC Q 544166 HARRINGTON RACEWAY INC P 167710 HARRINGTON RACEWAY INC J 500000