Civic Intelligence

Hot Spring County Livestock Exhibition and Fair Association

990 • Fiscal year 2020 • EIN 46-2872035

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 04, 2021

PO Box 1012Malvern, AR 72104

(501) 786-9308

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

20th percentile

-24%

Higher net margin than 20% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

34th percentile

-4.5%

Faster asset growth than 34% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

22nd percentile

-50%

Faster revenue growth than 22% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$223,146

Down $10,554 (-4.5%) from 2019

Net Assets

Down

$223,146

Down $9,387 (-4.0%) from 2019

Liabilities

Down

$0

Down $1,167 (-100%) from 2019

Revenue

Down

$39,443

Down $39,063 (-50%) from 2019

Expenses

Down

$48,830

Down $26,343 (-35%) from 2019

Net Income

Down

-$9,387

Down $12,720 (-382%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2014: $250,839Liabilities 2014: $22,153Net Assets 2014: $228,6862014Assets 2015: $253,166Liabilities 2015: $18,196Net Assets 2015: $234,9702015Assets 2016: $245,834Liabilities 2016: $12,928Net Assets 2016: $232,9062016Assets 2017: $239,483Liabilities 2017: $7,520Net Assets 2017: $231,9632017Assets 2018: $233,796Liabilities 2018: $4,601Net Assets 2018: $229,1952018Assets 2019: $233,700Liabilities 2019: $1,167Net Assets 2019: $232,5332019Assets 2020: $223,146Liabilities 2020: $0Net Assets 2020: $223,1462020Assets 2021: $260,273Liabilities 2021: $0Net Assets 2021: $260,2732021Assets 2022: $239,460Liabilities 2022: $0Net Assets 2022: $239,4602022Assets 2023: $230,854Liabilities 2023: $0Net Assets 2023: $230,8542023Assets 2024: $233,735Liabilities 2024: $0Net Assets 2024: $233,7352024

Highlighted filing

2020

Assets$223,146
Liabilities$0
Net Assets$223,146

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2014: $56,576Expenses 2014: $66,400Net Income 2014: -$9,8242014Revenue 2015: $65,387Expenses 2015: $59,103Net Income 2015: $6,2842015Revenue 2016: $66,589Expenses 2016: $68,653Net Income 2016: -$2,0642016Revenue 2017: $67,745Expenses 2017: $68,688Net Income 2017: -$9432017Revenue 2018: $74,589Expenses 2018: $77,357Net Income 2018: -$2,7682018Revenue 2019: $78,506Expenses 2019: $75,173Net Income 2019: $3,3332019Revenue 2020: $39,443Expenses 2020: $48,830Net Income 2020: -$9,3872020Revenue 2021: $120,758Expenses 2021: $83,631Net Income 2021: $37,1272021Revenue 2022: $119,954Expenses 2022: $140,767Net Income 2022: -$20,8132022Revenue 2023: $115,251Expenses 2023: $123,857Net Income 2023: -$8,6062023Revenue 2024: $129,186Expenses 2024: $126,305Net Income 2024: $2,8812024

Highlighted filing

2020

Revenue$39,443
Expenses$48,830
Net Income-$9,387
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 4, 2021
Return Version
2020v4.0
Gross Receipts
$39,443
Mission and Program Overview

Mission

The primary activity is the planning, managing and operating of the annual county fair and management of the fairgrounds, which encompasses several buildings and approximately 17 acres in hot spring county, arkansas. Other various activities will be scheduled and held on the fairgrounds throughout the year to promote the fair and bring attention to the kids who participate in the fair. It is hoped that with increased activity at the fairground, other youth not associated with the fair will take notice and choose to participate. The association's intention is to give the youth of hot spring county healthy and entertaining options for ways to spend their free time to discourage bad behavior and juvenile delinquency.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$223,496$216,651▼ $6,845
Cash and Non-Interest-Bearing Accounts$10,204$6,495▼ $3,709
Total Assets$233,700$223,146▼ $10,554
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,167--
Total Liabilities$1,167$0▼ $1,167
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$232,533$223,146▼ $9,387
Total Net Assets Fund Balance$232,533$223,146▼ $9,387
Total Liabilities and Net Assets / Fund Balance$233,700$223,146▼ $10,554

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$206,651$49,986$256,637
Land$10,000-$10,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
John Blake RigganPresident
Amberlee RayDirector
Brenda HarmonDirector
John CrangleDirector
John HarmonDirector
Kristina FryerDirector
Larry VincentDirector
Sara CrangleDirector
Troy RayDirector
Asa ChapmanAr State Fai
Michelle RigganAssistant Se
Allison CrangleAsst Treasur
Angela BerryhillSecretary
Tisha JenkinsTreasurer
Larry CrangleVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$36,177
Program Service Revenue
$3,266
Investment Income
$0
Other Revenue
$0
All Other Contributions
$36,177
Change in Net Assets
$-9,387
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$48,830
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$9,373--$9,373
Depreciation Depletion$6,845--$6,845
Insurance$1,445--$1,445
All Other Expenses$430$427-$857
Fees for Services Accounting-$705-$705
Interest-$683-$683
Other Expenses$350--$350
Total Functional Expenses$47,015$1,815$0$48,830
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

John blake riggan michelle riggan president asst. Sec. Spouse

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Hot Spring County Livestock
EIN
46-2872035
Phone
5017869308
Address
PO BOX 1012, MALVERN, AR 72104

Signing Officer

Name
Tisha Jenkins
Title
Treasurer
Phone
5017869308
Signed
2021-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tisha Jenkins
Formed
2013
Voting Board Members
15
Independent Board Members
11
Employees
0

Preparer

Firm
Kindy & Elliott
Address
310 N MAIN ST, MALVERN, AR 72104-2720
Preparer
Keith D Elliott
Phone
5013377444
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The primary activity is the planning, managing and operating of the annual county fair and management of the fairgrounds, which encompasses several buildings and approximately 17 acres in hot spring county, arkansas. Other various activities will be scheduled and held on the fairgrounds throughout the year to promote the fair and bring attention to the kids who participate in the fair. It is hoped that with increased activity at the fairground, other youth not associated with the fair will take notice and choose to participate. The association's intention is to give the youth of hot spring county healthy and entertaining options for ways to spend their free time to discourage bad behavior and juvenile delinquency.

Form 990, Part XI, Line 9

ROUNDING ADJUSTMENT 0

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRIMARY ACTIVITY IS THE PLANNING, MANAGING AND OPERATING OF THE ANNUAL COUNTY FAIR AND MANAGEMENT OF THE FAIRGROUNDS, WHICH ENCOMPASSES SEVERAL BUILDINGS AND APPROXIMATELY 17 ACRES IN HOT SPRING COUNTY, ARKANSAS. OTHER VARIOUS ACTIVITIES WILL BE SCHEDULED AND HELD ON THE FAIRGROUNDS THROUGHOUT THE YEAR TO PROMOTE THE FAIR AND BRING ATTENTION TO THE KIDS WHO PARTICIPATE IN THE FAIR. IT IS HOPED THAT WITH INCREASED ACTIVITY AT THE FAIRGROUND, OTHER YOUTH NOT ASSOCIATED WITH THE FAIR WILL TAKE NOTICE AND CHOOSE TO PARTICIPATE. THE ASSOCIATION'S INTENTION IS TO GIVE THE YOUTH OF HOT SPRING COUNTY HEALTHY AND ENTERTAINING OPTIONS FOR WAYS TO SPEND THEIR FREE TIME TO DISCOURAGE BAD BEHAVIOR AND JUVENILE DELINQUENCY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JOHN BLAKE RIGGAN MICHELLE RIGGAN PRESIDENT ASST. SEC. SPOUSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ROUNDING ADJUSTMENT 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/USAddress/AddressLine1Txt014475 HWY 9
IRS990/USAddress/CityNm0MALVERN
IRS990/USAddress/StateAbbreviationCd0AR
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IRS990/WebsiteAddressTxt0WWW.HSCFAIR.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TISHA JENKINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05017869308
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOT SPRING COUNTY LIVESTOCK
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EXHIBITION & FAIR ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0HOTS
ReturnHeader/Filer/EIN0462872035
ReturnHeader/Filer/PhoneNum05017869308
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1012
ReturnHeader/Filer/USAddress/CityNm0MALVERN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072104
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0710777173
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KINDY & ELLIOTT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0310 N MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MALVERN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0721042720
ReturnHeader/PreparerPersonGrp/PhoneNum05013377444
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEITH D ELLIOTT
ReturnHeader/ReturnTs02021-11-05T12:02:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TISHA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JENKINS
ReturnHeader/TaxPeriodBeginDt02020-01-01

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