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.
MediumBulletGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2019
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 section 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 the 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) 2019
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Schedule L (Form 990 or 990-EZ) 2019
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 1,687,165 cleaning service -see note 1   No
(2) Robert B Smith Former Director 204,129 Legal SERVICE -see note 2   No
(3) substantial contributor substantial contributor 357,257 rides operating -see note 3   No
(4) substantial contributor substantial contributor 316,219 waste & recycling - see note 4   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. SMITH MAINTAINS A PRIVATE LAW PRACTICE. MR. SMITHS PROFESSIONAL SERVICES ARE REVIEWED PERIODICALLY TO ENSURE HIS FEES ARE COMPETITIVE IN THE DALLAS MARKET FOR THE TYPE OF WORK REQUIRED BY SFT. DURING THE 2018 TAX YEAR, MR. SMITH PROVIDED MORE HOURS OF LEGAL SERVICES FOR SFT THAN WERE REMUNERATED IN THE MONTHLY FEE PAID WHEN CALCULATED USING A COMPETITIVE MARKET RATE. 3. RIDE VENDORS AT THE ANNUAL FAir CONDUCTED BY SFT MAKE CONTRIBUTIONS TO the STATE FAIR'S Youth Livestock Auction. 4. WASTE AND RECYCLYING SERVICES ARE PROVIDED TO SFT ON THE SAME TERMS AS THESE SERVICES ARE PROVIDED TO THE GENERAL PUBLIC
Schedule L (Form 990 or 990-EZ) 2019


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