2014-11-17T10:27:07-06:00 2013-12-31 952648289 VAVRINEKTRINEDAY & CO LLP 8270 ASPEN STREET RANCHO CUCAMONGA CA 91730 990 2013-01-01 951660585 LOS ANGELES COUNTY FAIR ASSOCIATION LOSA 9098654203 1101 W MCKINLEY AVE POMONA CA 91768 MICHAEL SEDER VICE PRESIDENT 9098654203 2014-11-03 1 HEIDI E WHITE P01351190 9094664410 2013 2015-11-30 17:44:51Z MICHAEL SEDER 1101 W MCKINLEY AVE POMONA CA 91768 69058337 0 X WWW.FAIRPLEX.COM X 1922 CA THE ASSOCIATION CONDUCTS THE ANNUAL LOS ANGELES COUNTY FAIR AND NUMEROUS EVENTS DURING THE YEAR WHICH ADVANCE AND PROMOTE AGRICULTURAL, HORTICULTURAL, VITICULTURAL, INDUSTRIAL, AND OTHER INTERESTS OF THE COUNTY OF LOS ANGELES AND THE STATE OF CALIFORNIA 11 11 2170 242 25583020 -450593 2619958 2627234 27094253 27639424 18241 94727 34517536 38055935 64249988 68417320 0 0 0 0 22678102 20332897 0 0 0 42632537 51486733 65310639 71819630 -1060651 -3402310 128149001 126178352 73486558 67339557 54662443 58838795 THE LOS ANGELES COUNTY FAIR ENRICHES LIVES BY ENTERTAINING AND EDUCATING OUR DIVERSE COMMUNITY WHILE CREATING UNIQUE AND MEMORABLE EXPERIENCES. 0 0 YEAR-ROUND FAIR-TYPE EVENTS: LACFA RENTS ITS FACILITIES TO VARIOUS OUTSIDE PROMOTERS OF EVENTS WHICH INCLUDE EQUINE, HOME, CRAFT, ELECTRONIC, AND OTHER SHOWS. MORE THAN 1.6 MILLION GUESTS ATTENDED YEAR ROUND EVENTS HELD ON THESE GROUNDS IN 2013. LOS ANGELES COUNTY FAIR: THE LOS ANGELES COUNTY FAIR IS ONE THE LARGEST COUNTY FAIRS IN THE UNITED STATES. ITS PURPOSE IS TO ADVANCE AND PROMOTE THE AGRICULTURAL, HORTICULTURAL,INDUSTRIAL AND OTHER INTERESTS OF THE LOS ANGELES COUNTY THROUGH THE EXHIBITION OF LIVESTOCK, POULTRY, DAIRY PRODUCTS, HOUSEHOLD AND FINE ARTS, AND SCHOOL AND EDUCATIONAL EXHIBITS. 1,438,514 PEOPLE ATTENDED THE 2013 LOS ANGELES COUNTY FAIR 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 265 1072 1 2170 1 1 1 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X MICHAEL D SEDER 9098654203 1101 W MCKINLEY AVE POMONA CA 91786 RICHARD CREAN DIRECTOR 2.00 X 2000 0 0 MICHAEL ORTIZ DIRECTOR & CHAIR 2.00 X X 6000 0 0 THOMAS HSIEH DIRECTOR 2.00 X 4000 0 0 RONALD VERA DIRECTOR 2.00 X 6000 0 0 LINDA KEAGLE DIRECTOR 2.00 X 6000 0 0 ART LUDWICK DIRECTOR 2.00 X 6000 0 0 JOHN SOLOMON DIRECTOR 2.00 X 6000 0 0 ROBERT DUKES DIRECTOR & SECRETARY 2.00 X X 6000 0 0 BERNARD BERNSTEIN DIRECTOR 2.00 X 6000 0 0 SUE HYLAND DIRECTOR 2.00 X 6000 0 0 WILLIAM FOX DIRECTOR & VICE CHAIR 2.00 X X 6000 0 0 CIRIACO Q PINEDO DIRECTOR 2.00 X 6000 0 0 JAMES HENWOODJR PRESIDENT & CEO 40.00 X 846693 0 47840 MICHAEL SEDER VP FINANCE & CFO 40.00 X 351913 0 37332 DWIGHT RICHARDS VP OF OPERATIONS 40.00 X 273378 0 47841 DALE COLEMAN VP SALES,MKTG & PROG 40.00 X 293868 0 45734 MICHELLE DE MOTT VP BRANDING & PRODUCT KNOW 40.00 X 239461 0 24111 JEFF TUCCI VP HOSPITALITY 40.00 X 301284 0 39459 JOHN GILBERT VP 40.00 X 61763 0 3779 MELISSA DEMONACO-TAPIA DIRECTOR OF SALES 40.00 X 135864 0 23104 WILLIAM BAKER BARRETTS VP 40.00 X 151445 0 15397 WALTER LLOYD BARRETTS VP & EQUINE MGR 40.00 X 197614 0 18196 KAREN FURLOW CONTROLLER 40.00 X 139339 0 23538 KATHY WADHAM DIR. OF CREATIVE PROGRAMMI 40.00 X 133880 0 22034 3192502 0 348365 11 0 1 0 MILNER BUTCHER MEDIA GROUP 11150 W OLYMPIC BLVD LOS ANGELES CA 90064 ADVERTISING 1472441 RANDY BABINEAU DBA PREMIER PRINTING IMPR 1935 W 11TH ST UNIT B UPLAND CA 91786 ADVERTISING 455631 STAFFMARK PO BOX 952386 ST LOUIS MO 63195 STAFFING 267752 LATHAM & WATKINS PO BOX 894263 LOS ANGELES CA 90189 LEGAL 252289 LYNYRD SKYNYRD 16830 VENTURA BLVD 501 ENCINO CA 91436 ENTERTAINMENT 200000 5 2627234 2627234 FAIR 900099 25386059 25386059 FAIR PARI-MUTUEL 711210 2253365 2253365 27639424 253463 253463 4668219 482281 4185938 4185938 700233 3485705 158736 -158736 -158736 -158736 HOTEL REVENUE 721110 16096299 16096299 CORNUCOPIA 722100 11092783 6433814 4658969 YEAR-ROUND PARKING 812930 2674498 804813 1869685 4006417 2098473 2257834 -349890 33869997 68417320 9178364 25583020 31028702 X 2434360 11660493 1357519 3226881 1653644 447302 16300 2612411 2114106 625523 5404678 607909 2836177 6198870 1142341 ROOM EXPENSE - HOTEL 8294708 REPAIRS & MAINTENANCE 2898595 OUTSIDE ENTERTAINMENT 2806888 FOOD & BEVERAGE - CORNU 2798614 12682311 71819630 10948033 9458004 2563886 3081577 439176 544897 1927121 2171380 189496123 88050468 104820032 101445655 4086743 4086743 3364010 5390096 128149001 126178352 2996204 5210764 511305 728333 47675000 46990000 22304049 14410460 73486558 67339557 X 54662443 58838795 54662443 58838795 128149001 126178352 X -3402310 7228772 349890 X 0 1 X 1 0 8700 PART I-A, LINE 1: PROVIDED $8,700 IN CONTRIBUTIONS TO 3 LOCALLY ELECTED CANDIDATES 368808 368808 189127315 88050468 101076847 101445655 INTEREST RATE SWAP LIABILITY 7131889 ACCRUED LIABILITY 5472260 DUE TO OTHERS 1806311 14410460 X 76478263 7228772 482281 7711053 68767210 -349890 -349890 68417320 72301911 482281 482281 71819630 0 71819630 PART X, LINE 2: THE ASSOCIATION HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 THAT CLARIFIES THE ACCOUNTING FOR UNCERTANITY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF, BASED ON ITS MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE FINANCIAL STATEMENTS. INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS ARE RECORDED AS PART OF THE INCOME TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 482,281. PART XI, LINE 4B - OTHER ADJUSTMENTS: FAIRPLEX EQUINE SALES LLC -540,106. BARRETTS EQUINE LTD. 190,216. LOSS ON SALE OF ASSETS PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 482,281. X X X X X 0 1 0 JAMES HENWOODJR PRESIDENT & CEO 518247 0 328446 0 0 0 35010 0 12830 0 894533 0 0 0 MICHAEL SEDER VP FINANCE & CFO 232712 0 119201 0 0 0 35010 0 2322 0 389245 0 0 0 DWIGHT RICHARDS VP OF OPERATIONS 191613 0 81765 0 0 0 35010 0 12831 0 321219 0 0 0 DALE COLEMAN VP SALES,MKTG & PROG 209226 0 84642 0 0 0 35010 0 10724 0 339602 0 0 0 MICHELLE DE MOTT VP BRANDING & PRODUCT KNOW 160540 0 78921 0 0 0 14737 0 9374 0 263572 0 0 0 JEFF TUCCI VP HOSPITALITY 208103 0 93181 0 0 0 34723 0 4736 0 340743 0 0 0 MELISSA DEMONACO-TAPIA DIRECTOR OF SALES 121847 0 14017 0 0 0 17480 0 5624 0 158968 0 0 0 WILLIAM BAKER BARRETTS VP 137067 0 14378 0 0 0 10923 0 4474 0 166842 0 0 0 WALTER LLOYD BARRETTS VP & EQUINE MGR 171640 0 25974 0 0 0 10876 0 7320 0 215810 0 0 0 KAREN FURLOW CONTROLLER 127157 0 12182 0 0 0 14905 0 8633 0 162877 0 0 0 KATHY WADHAM DIR. OF CREATIVE PROGRAMMI 121609 0 12271 0 0 0 14861 0 7173 0 155914 0 0 0 PART I, LINE 4B CONTRIBUTIONS TO EMPLOYER SPONSORED 457B PLAN JAMES HENWOOD $5,833 MIKE SEDER $5,833 DALE COLEMAN $5,833 JEFF TUCCI $5,833 DWIGHT RICHARDS $5,833 MICHELLE DEMOTT $5,833 A LOS ANGELES COUNTY REGIONAL FINANCING AUTHORITY 956000927 545316AA9 2010-12-16 24255000 CONSTRUCTION OF CONFERENCE CENTER THRU RECOVERY ZONE FACILITY BONDS 0 1 0 A 40000 24255000 648075 24255000 2011 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 WELLS FARGO 30.000000000000 1 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION CONSISTS OF MEMBERS, NOT STOCKHOLDERS, AND THERE CAN BE UP TO 60 REGULAR VOTING MEMBERS OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ASSOCIATION ELECT THE BOARD MEMBERS PER THE BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN WAS PROVIDED TO AND REVIEWED BY THE FINANCE COMMITTEE. EACH BOARD MEMBER WAS GIVEN A COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD DISCLOSURES ARE REVIEWED ANNUALLY BY DIRECTOR OF HUMAN RESOURCES AND COMMITTEE. WHEN A CONFLICT ARISES THE BOARD MEMBER IS ASKED TO RECUSE HIMSELF FROM ALL DISCUSSIONS AND VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS MEETS ON AN AS NEEDED BASIS TO REVIEW COMPENSATION OF THE SENIOR MANAGEMENT STAFF. THE COMMITTEE MAKES IT A PRACTICE TO REGULARLY REVIEW COMPENSATION OF THE SENIOR EXECUTIVE TEAMS. IN THAT REGARD, THE COMMITTEE HAS ENGAGED IN VARIOUS BENCHMAKING STUDIES OF COMPENSATION OVER THE LAST SEVERAL YEARS THROUGH THE USE OF EXPERT CONSULTANTS. AS RECENTLY AS DECEMBER 2011, THE COMMITTEE ENGAGED FREDERIC W. COOK & COMPANY TO DO A FULL REVIEW OF EXECUTIVE COMPENSATION. IN THEIR REVIEW, COOK PERFORMED AN EXTENSIVE MARKET ANALYSIS OF BASE SALARY, CASH COMPENSATION, AND RETIREMENT BENEFITS PROVIDED TO FAIR ASSOCIATION EXECUTIVE STAFF IN COMPARISON TO THE BROAD COMPETITIVE MARKET. THE EXECUTIVE COMMITTEE REVIEWED COOK'S FINDINGS AND RECOMMENDATIONS AND HAS IMPLEMENTED PLAN ADJUSTMENTS ACCORDING TO THESE RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE BUSINESS OFFICE DURING NORMAL BUSINESS HOURS FORM 990, PART IX, LINE 24E ADMIN. & GENERAL - HOTEL 2,503,858. SUPPLIES 1,300,170. SECURITY 1,297,097. MARKETING - HOTEL 1,292,458. TAXES, LICENSES & FEES 881,626. UTILITIES - HOTEL 676,368. REPAIRS & MAINTENANCE - HOTEL 644,085. INSURANCE-HOTEL 638,214. GAS & OIL 585,069. DONATIONS 575,760. RENT & PROPERTY TAX- HOTEL 518,473. SIGNS & BANNERS 445,012. FOOD SUPPLIES 364,360. JUDGING EXPENSES 241,067. EMPLOYEE RELATIONS & RECRUITS 215,064. TELEPHONE 183,988. UNIFORMS 95,244. GOV RELATIONS & PREMIUMS 85,811. DUES & MEMBERSHIPS 80,949. EDUCATION & SEMINARS 58,493. TROPHIES, RIBBONS, AWARDS 28,724. UNCOLLECTIBLE 15,561. PHOTOGRAPHY 15,020. RECOVERY OF G&A EXPENSES -60,160. FORM 990, PART XI, LINE 9: K-1 INCOME - FAIRPLEX EQUINE SALES LLC 540,106. K-1 INCOME - BARRETTS EQUINE LTD. -190,216. CORNUCOPIA FOODS LLC 1101 W MCKINLEY AVE POMONA CA 91768 030537127 FOOD AND BEVERAGE SALE CA 11105320 4453513 FAIRPLEX RV AND BOAT STORAGE LLC 1101 W MCKINLEY AVE POMONA CA 91768 272164622 STORAGE FACILITY CA 429143 -47351 EVENT PRODUCTION SOLUTIONS LLC 1101 W MCKINLEY AVE POMONA CA 91768 272164467 EVENT EQUIPMENT RENTAL CA 1012806 -1325079 MILLARD SHEETS CENTER FOR THE ARTS 1101 W MCKINLEY AVE POMONA CA 91768 954686767 ART EDUCATION CA 501(C)(3) 170(B)(1)(A)(VI) 0 THE LEARNING CENTER 1101 W MCKINLEY AVE POMONA CA 91768 954686764 EDUCATION CA 501(C)(3) 170(B)(1)(A)(VI) 0 FAIRPLEX CHILD DEVELOPMENT CENTER 1101 W MCKINLEY AVE POMONA CA 91768 954662070 CHILDCARE/EDUCATION CA 501(C)(3) 170(B)(1)(A)(VI) 0 FOUNDATIONS AT FAIRPLEX 1101 W MCKINLEY AVE POMONA CA 91768 421637932 EDUCATION CA 501(C)(3) 170(B)(1)(A)(VI) 0 BARRETTS EQUINE SALES 1101 W MCKINLEY POMONA CA 91768 330446110 HORSE AUCTION CA N/A FAIRPLEX EQUINE SALES 1101 W MCKINLEY POMONA CA 91768 020629875 HORSE SALES CA N/A FAIRPLEX ENTERPRISES 1101 W MCKINLEY POMONA CA 91768 330161150 CA C 1.00000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 CORNUCOPIA FOODS A 3461749 ACTUAL AMOUNT CORNUCOPIA FOODS N 1051801 ACTUAL AMOUNT THE LEARNING CENTERS P 337082 ACTUAL AMOUNT THE LEARNING CENTERS P 274866 ACTUAL AMOUNT FAIRPLEX CHILD DEVELOPMENT CENTER O 40000 ACTUAL AMOUNT FAIRPLEX CHILD DEVELOPMENT CENTER Q 19058 ACTUAL AMOUNT CORNUCOPIA FOODS P 44715 ACTUAL AMOUNT BARRETTS EQUINE SALES A 103300 ACTUAL AMOUNT EPS A 49414 ACTUAL AMOUNT EPS N 497969 ACTUAL AMOUNT RV & BOAT STORAGE N 271583 ACTUAL AMOUNT RV & BOAT STORAGE A 120000 ACTUAL AMOUNT BARRETTS EQUINE SALES N 480815 ACTUAL AMOUNT RV & BOAT STORAGE O 31924 ACTUAL AMOUNT