Civic Intelligence

Southern Ky Team Penning Association Inc

EIN 61-1250793 • 501(c)4 • Glasgow, KY

Profile

Conduct equine activities

5779 Finney RdGlasgow, KY 42141

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

76th percentile

19%

Higher net margin than 76% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

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

501(c)4 • <$500k nonprofits • Source year 2024

Asset Growth

87th percentile

31%

Faster asset growth than 87% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

61st percentile

5.2%

Faster revenue growth than 61% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$33,384

Up $7,932 (+31%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$33,384

Up $7,932 (+31%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin76th percentile

Revenue

Up

$42,067

Up $2,076 (+5.2%) from 2023

Expenses

Up

$34,135

Up $2,758 (+8.8%) from 2023

Net Income

Down

$7,932

Down $682 (-7.9%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth87th percentile

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

$40K$30K$20K$10K$0Assets 2009: $24,025Liabilities 2009: $02009Assets 2010: $21,617Liabilities 2010: $02010Assets 2011: $24,437Liabilities 2011: $02011Assets 2012: $28,187Liabilities 2012: $02012Assets 2013: $16,987Liabilities 2013: $0Net Assets 2013: $16,9872013Assets 2014: $10,098Liabilities 2014: $02014Assets 2015: $0Net Assets 2015: $02015Assets 2016: $9,716Liabilities 2016: $02016Assets 2017: $11,414Liabilities 2017: $02017Assets 2018: $13,440Liabilities 2018: $02018Assets 2019: $14,616Liabilities 2019: $02019Assets 2020: $11,678Net Assets 2020: $11,6782020Assets 2021: $14,674Net Assets 2021: $14,6742021Assets 2022: $16,838Liabilities 2022: $02022Assets 2023: $25,452Net Assets 2023: $25,4522023Assets 2024: $33,384Net Assets 2024: $33,3842024

Highlighted filing

2024

Assets$33,384
Liabilities-
Net Assets$33,384
Open 2024 Filing

Operations Trend

Revenue Growth61st percentile

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

$150K$100K$50K$0-$50KRevenue 2009: $114,466Expenses 2009: $113,572Net Income 2009: $8942009Revenue 2010: $99,119Expenses 2010: $101,527Net Income 2010: -$2,4082010Revenue 2011: $102,202Expenses 2011: $99,382Net Income 2011: $2,8202011Revenue 2012: $83,608Expenses 2012: $80,136Net Income 2012: $3,4722012Revenue 2013: $54,094Expenses 2013: $68,219Net Income 2013: -$14,1252013Revenue 2014: -$1,625Expenses 2014: $0Net Income 2014: -$1,6252014Revenue 2015: -$12,0952015Revenue 2016: $6,220Expenses 2016: $0Net Income 2016: $6,2202016Revenue 2017: $1,698Expenses 2017: $0Net Income 2017: $1,6982017Revenue 2018: $2,026Expenses 2018: $0Net Income 2018: $2,0262018Revenue 2019: $1,176Expenses 2019: $0Net Income 2019: $1,1762019Revenue 2020: -$845Expenses 2020: $2,093Net Income 2020: -$2,9382020Revenue 2021: $31,705Expenses 2021: $28,709Net Income 2021: $2,9962021Revenue 2022: $18,882Expenses 2022: $16,718Net Income 2022: $2,1642022Revenue 2023: $39,991Expenses 2023: $31,377Net Income 2023: $8,6142023Revenue 2024: $42,067Expenses 2024: $34,135Net Income 2024: $7,9322024

Highlighted filing

2024

Revenue$42,067
Expenses$34,135
Net Income$7,932
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,384
Liabilities
-
Net assets
$33,384
Revenue
$42,067
Expenses
$34,135
Net income
$7,932
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.33$0.33$0.42$0.34$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.25$0.40$0.31$0.09
2022Summary only. Only limited summary data is available for this year.$0.17$0.00$0.19$0.17$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.15$0.15$0.32$0.29$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.12$0.12$0.01$0.02$0.03
2019Summary only. Only limited summary data is available for this year.$0.15$0.00$0.01$0.00$0.01
2018Summary only. Only limited summary data is available for this year.$0.13$0.00$0.02$0.00$0.02
2017Summary only. Only limited summary data is available for this year.$0.11$0.00$0.02$0.00$0.02
2016Summary only. Only limited summary data is available for this year.$0.10$0.00$0.06$0.00$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.12
2014Summary only. Only limited summary data is available for this year.$0.10$0.00$0.02$0.00$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.54$0.68$0.14
2012Summary only. Only limited summary data is available for this year.$0.28$0.00$0.84$0.80$0.03
2011Summary only. Only limited summary data is available for this year.$0.24$0.00$1.02$0.99$0.03
2010Summary only. Only limited summary data is available for this year.$0.22$0.00$0.99$1.02$0.02
2009Summary only. Only limited summary data is available for this year.$0.24$0.00$1.14$1.14$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 15, 2025
Return Version
2024v5.2
Gross Receipts
$42,067
Mission and Program Overview

Mission

Conduct equine activities

Program Services

DescriptionGrantsExpenses
CONDUCTED THE EQUINE ACTIVITY KNOW AS TEAM SORTING.THESE EVENTS ARE ORGANIZED FOR EXPERIENCED, NOVICEAND YOUTH RIDERS.$0$42,067
CONDUCTED THE EQUINE ACTIVITY KNOWN AS TEAM PENNING.THESE EVENTS ARE ORGANIZED FOR EXPERIENCED, NOVICEAND YOUTH RIDERS.$0$0
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SEAN SHAWVP-$0--
KRISTA SHAWSecretary-$0--
GREG GASSAWAYPresident-$0--
KRISTIE GASSAWAYTreasurer-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Team Penning----
Filing and Contact Details

Filer

Filer Name
Southern Ky Team Penning Assco Inc
EIN
61-1250793
Phone
2705908540
Address
5779 FINNEY RD, GLASGOW, KY 42141

Signing Officer

Name
Greg Gassaway
Title
President
Phone
2705908540
Signed
2025-10-15
Discuss with paid preparer
Yes

Preparer

Firm
Montgomery Tax Service
Address
3261 BOWLING GREEN RD, SCOTTSVILLE, KY 42164
Preparer
Robert C Montgomery
Phone
2706228080
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“CASH AWARDS 3882.”

Form 990EZ, Part I, Line 16

“CATTLE CHARGES 21360.”

Form 990EZ, Part I, Line 16

“RENT TO WKU 6659.”

Form 990EZ, Part I, Line 16

“Food and general expenses for shows 1179.”

Form 990EZ, Part I, Line 16

“INSURANCE 1055.”

Raw XML Appendix127 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/PersonNm0KRISTIE GASSAWAY
IRS990EZ/BooksInCareOfDetail/PhoneNum02705908540
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt05779 FINNEY ROAD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GLASGOW
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd042141
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt025452
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt033384
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt07932
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt025452
IRS990EZ/Form990TotalAssetsGrp/EOYAmt033384
IRS990EZ/FundraisingGrossIncomeAmt042067
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt042067
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt025452
IRS990EZ/NetAssetsOrFundBalancesEOYAmt033384
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt025452
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt033384
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SEAN SHAW
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KRISTA SHAW
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2GREG GASSAWAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3KRISTIE GASSAWAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0VP
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt034135
IRS990EZ/PrimaryExemptPurposeTxt0CONDUCT EQUINE ACTIVITIES
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CONDUCTED THE EQUINE ACTIVITY KNOWN AS TEAM PENNING.THESE EVENTS ARE ORGANIZED FOR EXPERIENCED, NOVICEAND YOUTH RIDERS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1CONDUCTED THE EQUINE ACTIVITY KNOW AS TEAM SORTING.THESE EVENTS ARE ORGANIZED FOR EXPERIENCED, NOVICEAND YOUTH RIDERS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt142067
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt042067
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt034135
IRS990EZ/TotalProgramServiceExpensesAmt042067
IRS990EZ/TotalRevenueAmt042067
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0TEAM PENNING
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CASH AWARDS 3882.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CATTLE CHARGES 21360.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RENT TO WKU 6659.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FOOD AND GENERAL EXPENSES FOR SHOWS 1179.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INSURANCE 1055.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GREG GASSAWAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02705908540
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHERN KY TEAM PENNING ASSCO INC
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0611250793
ReturnHeader/Filer/PhoneNum02705908540
ReturnHeader/Filer/USAddress/AddressLine1Txt05779 FINNEY RD
ReturnHeader/Filer/USAddress/CityNm0GLASGOW
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd042141
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0465039707
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MONTGOMERY TAX SERVICE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03261 BOWLING GREEN RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SCOTTSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd042164
ReturnHeader/PreparerPersonGrp/PhoneNum02706228080
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robert C Montgomery
ReturnHeader/ReturnTs02025-10-15T09:08:49-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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