Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ.
MediumBulletInformation about Schedule L (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2017
Open to Public Inspection
Name of the organization
STATE FAIR OF TEXAS
 
Employer identification number

75-6002511
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e)Original principal amount (f)Balance due (g) In default? (h) Approved by board or committee? (i)Written agreement?
To From Yes No Yes No Yes No
Total ...............Small Bullet $  
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2017
Page 2
Schedule L (Form 990 or 990-EZ) 2017
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) substantial contributor substantial contributor 1,738,848 cleaning service -see note 1   No
(2) Errol Mckoy Former president 42,559 Counsulting -see note 2   No
(3) Robert B Smith Former Director 401,439 Legal SERVICE -see note 3   No
(4) substantial contributor substantial contributor 482,149 rides operating -see note 4   No
(5) substantial contributor substantial contributor 371,105 phone service -see note 5   No
(6) Linda Smith family member of Robert B. Smith, former director 117,524 employment -see note 6   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Footnotes to Schedule L, PART IV: 1. CLEANING SERVICES ARE PROVIDED TO SFT ON THE SAME TERMS AS THESE SERVICES ARE PROVIDED TO THE GENERAL PUBLIC. 2. MR. MCKOY IS THE RETIRED PRESIDENT & CEO OF SFT AND PROVIDED CONSULTING SERVICES TO SFT THROUGH APRIL 2017. 3. MR. SMITH MAINTAINS A PRIVATE LAW PRACTICE. HE PROVIDES LEGAL SERVICES TO SFT AT DISCOUNTED RATES. 4. RIDE VENDORS AT THE ANNUAL FAir CONDUCTED BY THE STATE FAIR OF TEXAS (SFT) MAKE CONTRIBUTIONS TO STATE FAIR'S Youth Livestock Auction. 5. PHONE SERVICES ARE PROVIDED TO SFT ON THE SAME TERMS AS THESE SERVICES ARE PROVIDED TO THE GENERAL PUBLIC. 6. MS. SMITH IS THE STEPMOTHER OF ROBERT B. SMITH AND HAS BEEN EMPLOYED BY SFT FOR 36 YEARS AS AN ADMINISTRATIVE ASSISTANT. LINDA RETIRED december 31, 2017. Please see attachment 1 for details.
Schedule L (Form 990 or 990-EZ) 2017


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