Civic Intelligence

Great Lakes Quarter Horse Association Inc

EIN 38-2147266 • 501(c)5 • Galesburg, MI

Profile

Development of quarter horse industry

11623 E Michigan AveGalesburg, MI 49053

www.glqha.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

0.24x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)5 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

0.56x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)5 • <$500k nonprofits • Source year 2017

Net Margin

72nd percentile

16%

Higher net margin than 72% of similar nonprofits.

501(c)5 • <$500k nonprofits • Source year 2017

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)5 • <$500k nonprofits • Source year 2017

Asset Growth

84th percentile

20%

Faster asset growth than 84% of similar nonprofits.

501(c)5 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

59th percentile

4.5%

Faster revenue growth than 59% of similar nonprofits.

501(c)5 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$71,683

Up $12,048 (+20%) from 2016

Liabilities

Up

$17,163

Up $7,262 (+73%) from 2016

Net Assets

$54,520

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue97th percentileNet Margin72nd percentile

Revenue

Up

$30,454

Up $1,301 (+4.5%) from 2016

Expenses

Down

$25,665

Down $14,049 (-35%) from 2016

Net Income

Up

$4,789

Up $15,350 (+145%) from 2016

Trend Graphs

Balance Sheet Trend

Asset Growth84th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0Assets 2010: $99,006Liabilities 2010: $84,626Net Assets 2010: $14,3802010Assets 2011: $64,790Liabilities 2011: $53,377Net Assets 2011: $11,4132011Assets 2012: $44,678Liabilities 2012: $37,8632012Assets 2013: $44,960Liabilities 2013: $21,575Net Assets 2013: $23,3852013Assets 2014: $60,844Liabilities 2014: $23,625Net Assets 2014: $37,2192014Assets 2015: $83,292Liabilities 2015: $22,999Net Assets 2015: $60,2932015Assets 2016: $59,635Liabilities 2016: $9,9012016Assets 2017: $71,683Liabilities 2017: $17,163Net Assets 2017: $54,5202017

Highlighted filing

2017

Assets$71,683
Liabilities$17,163
Net Assets$54,520
Open 2017 Filing

Operations Trend

Revenue Growth59th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2010: $21,621Expenses 2010: $52,176Net Income 2010: -$30,5552010Revenue 2011: $26,570Expenses 2011: $29,537Net Income 2011: -$2,9672011Revenue 2012: $36,308Expenses 2012: $40,906Net Income 2012: -$4,5982012Revenue 2013: $63,617Expenses 2013: $47,047Net Income 2013: $16,5702013Revenue 2014: $41,609Expenses 2014: $27,770Net Income 2014: $13,8392014Revenue 2015: $50,098Expenses 2015: $27,023Net Income 2015: $23,0752015Revenue 2016: $29,153Expenses 2016: $39,714Net Income 2016: -$10,5612016Revenue 2017: $30,454Expenses 2017: $25,665Net Income 2017: $4,7892017

Highlighted filing

2017

Revenue$30,454
Expenses$25,665
Net Income$4,789
Open 2017 Filing

Filings

Most recent year

2017 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$71,683
Liabilities
$17,163
Net assets
$54,520
Revenue
$30,454
Expenses
$25,665
Net income
$4,789
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$71.7$17.2$54.5$30.5$25.7$4.79
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.6$9.90$29.2$39.7$10.6
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$83.3$23.0$60.3$50.1$27.0$23.1
2014Detailed filing. Detailed filing data is available for this year.$60.8$23.6$37.2$41.6$27.8$13.8
2013Detailed filing. Detailed filing data is available for this year.$45.0$21.6$23.4$63.6$47.0$16.6
2012Summary only. Only limited summary data is available for this year.$44.7$37.9$36.3$40.9$4.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.8$53.4$11.4$26.6$29.5$2.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$99.0$84.6$14.4$21.6$52.2$30.6
Latest Detailed Filing

The latest 2017 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2014 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 5, 2015
Return Version
2014v5.0
Gross Receipts
$41,609
Mission and Program Overview

Mission

Development of quarter horse industry

Program Services

DescriptionGrantsExpenses
PROMOTE THE GROWTH OF THE QUARTER HORSE INDUSTRY IN THE GREAT LAKES REGION. SPONSOR RACES IN MICHIGAN.--
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVE MURRAYPresidentPT$0--
CAROLYN BAYVice PresidePT$0--
WALTER HARRISONTreasurerPT$0--
RUTH EGGLESTONSecretaryPT$0--
LU HALLDirectorPT$0--
KELI EGGLESTONDirectorPT$0--
DAR HOWARDDirectorPT$0--
BRIAN NIELSENDirectorPT$0--
TIM EGGLESTONDirectorPT$0--
BRAD GATESDirectorPT$0--
JESSE NORTONDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Great Lakes Quarter Horse
EIN
38-2147266
Address
11623 E MICHIGAN AVE, GALESBURG, MI 49053

Signing Officer

Name
Steve Murray
Title
President
Signed
2015-10-05
Discuss with paid preparer
Yes

Preparer

Firm
Walker Fluke & Sheldon Plc
Address
525 W APPLE STREET, HASTINGS, MI 49058
Preparer
David G Dehaan
Phone
2699459452
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses trophies and prizes 1,016 breeders awards 20,000 bonus expense 2,050 bank service charges 9 website administration 250 conventions and conferences 1,215 insurance 361 misc expense 304 total 25,205”

Form 990-ez, Part II, Line 24

“Meadows track & mi hba 0 19,204 total 0 19,204”

Form 990-ez, Part II, Line 26

“2015 bonus liability 5,000 5,000 2015 stallion futurity 10,200 5,200 2016 sss futurity 6,375 4,250 2016 bonus liability 0 5,000 2017 sss futurity 0 4,175”

Raw XML Appendix129 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0STEVE MURRAY
IRS990EZ/BooksInCareOfDetail/PhoneNum02696659284
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt011623 E MICHIGAN AVE
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt011623 E MICHIGAN AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GALESBURG
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd049053
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt044955
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt041640
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt013839
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02485
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt044955
IRS990EZ/Form990TotalAssetsGrp/EOYAmt060844
IRS990EZ/GrossReceiptsAmt041609
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt085
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt023380
IRS990EZ/NetAssetsOrFundBalancesEOYAmt037219
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt023380
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt037219
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt35.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt45.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt55.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt65.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt75.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt85.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt95.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt105.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0STEVE MURRAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CAROLYN BAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2WALTER HARRISON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3RUTH EGGLESTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4LU HALL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5KELI EGGLESTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6DAR HOWARD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7BRIAN NIELSEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8TIM EGGLESTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9BRAD GATES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10JESSE NORTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt019204
IRS990EZ/OtherExpensesTotalAmt025205
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0DEVELOPMENT OF QUARTER HORSE INDUSTRY
IRS990EZ/PrintingPublicationsPostageAmt080
IRS990EZ/ProgramServiceRevenueAmt041524
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROMOTE THE GROWTH OF THE QUARTER HORSE INDUSTRY IN THE GREAT LAKES REGION. SPONSOR RACES IN MICHIGAN.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt021575
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt023625
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt027770
IRS990EZ/TotalRevenueAmt041609
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.GLQHA.COM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES TROPHIES AND PRIZES 1,016 BREEDERS AWARDS 20,000 BONUS EXPENSE 2,050 BANK SERVICE CHARGES 9 WEBSITE ADMINISTRATION 250 CONVENTIONS AND CONFERENCES 1,215 INSURANCE 361 MISC EXPENSE 304 TOTAL 25,205
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEADOWS TRACK & MI HBA 0 19,204 TOTAL 0 19,204
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22015 BONUS LIABILITY 5,000 5,000 2015 STALLION FUTURITY 10,200 5,200 2016 SSS FUTURITY 6,375 4,250 2016 BONUS LIABILITY 0 5,000 2017 SSS FUTURITY 0 4,175
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE MURRAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREAT LAKES QUARTER HORSE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0GREA
ReturnHeader/Filer/EIN0382147266
ReturnHeader/Filer/USAddress/AddressLine1Txt011623 E MICHIGAN AVE
ReturnHeader/Filer/USAddress/CityNm0GALESBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049053
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383639675
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WALKER FLUKE & SHELDON PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0525 W APPLE STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HASTINGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049058
ReturnHeader/PreparerPersonGrp/PhoneNum02699459452
ReturnHeader/PreparerPersonGrp/PreparationDt02015-10-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID G DEHAAN
ReturnHeader/ReturnTs02015-10-14T16:06:12-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)5 • <$500k nonprofits