Civic Intelligence

Trinity Valley Exposition Inc

990 • Fiscal year 2017 • EIN 74-2138264

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

PO Box 9047Liberty, TX 77575

(936) 336-7455

Siviq Scores

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

Liabilities / Assets

70th percentile

0.29x

Higher debt load relative to assets than 70% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

85th percentile

0.92x

Higher debt load relative to revenue than 85% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

73rd percentile

15%

Higher net margin than 73% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

83rd percentile

25%

Faster asset growth than 83% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

39th percentile

0.6%

Faster revenue growth than 39% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,377,830

Up $475,535 (+25%) from 2016

Net Assets

Up

$1,678,054

Up $116,226 (+7.4%) from 2016

Liabilities

Up

$699,776

Up $359,309 (+106%) from 2016

Revenue

Up

$763,188

Up $4,258 (+0.6%) from 2016

Expenses

Up

$646,962

Up $13,904 (+2.2%) from 2016

Net Income

Down

$116,226

Down $9,646 (-7.7%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $902,938Liabilities 2010: $39,202Net Assets 2010: $863,7362010Assets 2011: $1,293,302Liabilities 2011: $319,938Net Assets 2011: $973,3642011Assets 2012: $1,244,011Liabilities 2012: $197,141Net Assets 2012: $1,046,8702012Assets 2013: $1,479,077Liabilities 2013: $345,059Net Assets 2013: $1,134,0182013Assets 2014: $1,673,739Liabilities 2014: $385,129Net Assets 2014: $1,288,6102014Assets 2015: $1,786,156Liabilities 2015: $350,200Net Assets 2015: $1,435,9562015Assets 2016: $1,902,295Liabilities 2016: $340,467Net Assets 2016: $1,561,8282016Assets 2017: $2,377,830Liabilities 2017: $699,776Net Assets 2017: $1,678,0542017Assets 2018: $2,122,913Liabilities 2018: $272,291Net Assets 2018: $1,850,6222018Assets 2019: $2,266,352Liabilities 2019: $234,878Net Assets 2019: $2,031,4742019Assets 2020: $2,138,340Liabilities 2020: $127,996Net Assets 2020: $2,010,3442020Assets 2021: $2,345,142Liabilities 2021: $118,115Net Assets 2021: $2,227,0272021Assets 2022: $2,627,041Liabilities 2022: $108,174Net Assets 2022: $2,518,8672022Assets 2023: $2,911,546Liabilities 2023: $99,284Net Assets 2023: $2,812,2622023Assets 2024: $3,060,750Liabilities 2024: $90,530Net Assets 2024: $2,970,2202024

Highlighted filing

2017

Assets$2,377,830
Liabilities$699,776
Net Assets$1,678,054

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $502,1742010Expenses 2011: $550,7982011Expenses 2012: $646,9012012Revenue 2013: $797,341Expenses 2013: $710,193Net Income 2013: $87,1482013Revenue 2014: $862,349Expenses 2014: $701,539Net Income 2014: $160,8102014Revenue 2015: $819,197Expenses 2015: $671,851Net Income 2015: $147,3462015Revenue 2016: $758,930Expenses 2016: $633,058Net Income 2016: $125,8722016Revenue 2017: $763,188Expenses 2017: $646,962Net Income 2017: $116,2262017Revenue 2018: $913,604Expenses 2018: $741,036Net Income 2018: $172,5682018Revenue 2019: $960,340Expenses 2019: $779,488Net Income 2019: $180,8522019Revenue 2020: $746,607Expenses 2020: $767,737Net Income 2020: -$21,1302020Revenue 2021: $1,191,273Expenses 2021: $974,590Net Income 2021: $216,6832021Revenue 2022: $1,317,449Expenses 2022: $1,025,609Net Income 2022: $291,8402022Revenue 2023: $1,509,618Expenses 2023: $1,216,223Net Income 2023: $293,3952023Revenue 2024: $1,334,337Expenses 2024: $1,176,379Net Income 2024: $157,9582024

Highlighted filing

2017

Revenue$763,188
Expenses$646,962
Net Income$116,226
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$1,374,730
Mission and Program Overview

Mission

To promote agriculture, youth organizations, youth activities and to award scholarship for education of youth- all for the benefit of the citizens of liberty and chambers counties, texas

Providing scholarships for the youth of liberty and chambers counties

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,579,175$1,795,090▲ $215,915
Cash and Non-Interest-Bearing Accounts$309,401$504,826▲ $195,425
Accounts Receivable$13,719$77,914▲ $64,195
Total Assets$1,902,295$2,377,830▲ $475,535
Liabilities
Other Liabilities$4,925$399,820▲ $394,895
Mortgage Notes Payable Secured by Investment Property$305,542$279,821▼ $25,721
Deferred Revenue$30,000$20,000▼ $10,000
Accounts Payable and Accrued Expenses-$135-
Total Liabilities$340,467$699,776▲ $359,309
Net Assets / Fund Balance
Unrestricted Net Assets$1,561,828$1,678,054▲ $116,226
Total Net Assets Fund Balance$1,561,828$1,678,054▲ $116,226
Total Liabilities and Net Assets / Fund Balance$1,902,295$2,377,830▲ $475,535

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,562,365-$1,562,365
Equipment$148,930-$148,930
Land$83,795-$83,795
Compensation and Service Providers

Board Members and Trustees

NameTitle
Phil FitzgeraldBoard Chairman
Brady HansonBoard Member
Cory AndersonBoard Member
Fred LemondBoard Member
Gary Lott JrBoard Member
Greg DodsonBoard Member
Harvey SjolanderBoard Member
Rob JonesBoard Member
Robin LandBoard Member
Steve GreenBoard Member
Bruce LockhartDirector
Jennifer ParkerDirector
Linda RuskDirector
Stoney BurkDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$321,770
Program Service Revenue
$414,311
Investment Income
$77
Other Revenue
$27,030
All Other Contributions
$42,570
Change in Net Assets
$116,226
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$605,058
Salaries, Compensation, and Employee Benefits$41,904
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$43,532--$43,532
Comp Disqual Persons$38,721--$38,721
Advertising$29,324--$29,324
Insurance-$14,625-$14,625
Interest-$9,988-$9,988
Other Expenses$6,938--$6,938
Office Expenses$5,438--$5,438
Fees for Services Accounting-$5,000-$5,000
Information Technology-$3,186-$3,186
Payroll Taxes$3,183--$3,183
Conferences and Meetings-$2,933-$2,933
Fees for Services Other-$2,650-$2,650
Total Functional Expenses$608,580$38,382$0$646,962
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$611,542
Fundraising Gross Income$564,803
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Fair & Rodeo-events$688,308$409,108$344,300$64,808
Annual Fair & Rodeo-beverage Sales$67,470$67,470$27,935$39,535
Total Events$844,003$564,803$611,542$-46,739
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
A/p Youth Auction$392,370
Sales Tax Payable$6,250
Payroll Taxes Payable$1,200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Governing board receives form 990 at a monthly meeting

Form 990, Part VI, Section C, Line 19

Organization provides information to public upon request

Filing and Contact Details

Filer

Filer Name
Trinity Valley Exposition Inc
EIN
74-2138264
Phone
9363367455
Address
PO BOX 9047, LIBERTY, TX 77575

Signing Officer

Name
Phil Fitzgerald
Title
Board Chairman
Phone
9363367455
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phil Fitzgerald
Formed
1909
Legal Domicile
TX
Voting Board Members
14
Independent Board Members
0
Employees
1
Volunteers
0

Preparer

Firm
Swaim Brents & Associates Pc
Address
2804 JEFFERSON DR, LIBERTY, TX 77575
Preparer
Lee Ann Brents
Phone
9363367205
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IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt03183
IRS990/PayrollTaxesGrp/TotalAmt03183
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0PHIL FITZGERALD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0110000
IRS990/ProgramServiceRevenueGrp/Desc0LIVESTOCK AUCTION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0414311
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0414311
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIP AWARDS PROGRAM
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt06938
IRS990/ProgSrvcAccomActy3Grp/Desc0MATERIALS AND EXPENSES AND REVENUES ASSOCIATED WITH ACTIVITIES REPORTED IN PART VIII
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0187331
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt073846
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0258219
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03074
IRS990/PYOtherExpensesAmt0601929
IRS990/PYOtherRevenueAmt076380
IRS990/PYProgramServiceRevenueAmt0421257
IRS990/PYRevenuesLessExpensesAmt0125872
IRS990/PYSalariesCompEmpBnftPaidAmt031129
IRS990/PYTotalExpensesAmt0633058
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0758930
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0116226
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt073769
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0414311
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0736081
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0679476
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0691036
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0768772
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0696769
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03572134
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt073846
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt081856
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt072805
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt070611
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt063566
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0362684
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03891245
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.90780
IRS990ScheduleA/PublicSupportPY170Pct00.91320
IRS990ScheduleA/PublicSupportTotal170Amt03572134
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0736081
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0679476
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0691036
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0768772
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0696769
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03572134
IRS990ScheduleA/TotalSupportAmt03934818
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01562365
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01562365
IRS990ScheduleD/EquipmentGrp/BookValueAmt0148930
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0148930
IRS990ScheduleD/LandGrp/BookValueAmt083795
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt083795
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2392370
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2A/P YOUTH AUCTION
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01795090
IRS990ScheduleD/TotalLiabilityAmt0399820
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt022538
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesOtherEventsAmt04500
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt027038
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0279200
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0279200
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0611542
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt061000
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt012400
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt073400
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL FAIR & RODEO-EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ANNUAL FAIR & RODEO-BEVERAGE SALES
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt048643
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt011528
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt060171
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0688308
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt067470
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt088225
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0844003
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0409108
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt067470
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt088225
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0564803
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-46739
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt034269
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesOtherEventsAmt01642
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt035911
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt04506
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0376741
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0344300
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt027935
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt038281
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt038281
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GOVERNING BOARD RECEIVES FORM 990 AT A MONTHLY MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION PROVIDES INFORMATION TO PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01902295
IRS990/TotalAssetsEOYAmt02377830
IRS990/TotalAssetsGrp/BOYAmt01902295
IRS990/TotalAssetsGrp/EOYAmt02377830
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0321770
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt038382
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0608580
IRS990/TotalFunctionalExpensesGrp/TotalAmt0646962
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0340467
IRS990/TotalLiabilitiesEOYAmt0699776

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.06$0.09$2.97$1.33$1.18$0.16
2023Detailed filing. Detailed filing data is available for this year.$2.91$0.10$2.81$1.51$1.22$0.29
2022Detailed filing. Detailed filing data is available for this year.$2.63$0.11$2.52$1.32$1.03$0.29
2021Detailed filing. Detailed filing data is available for this year.$2.35$0.12$2.23$1.19$0.97$0.22
2020Detailed filing. Detailed filing data is available for this year.$2.14$0.13$2.01$0.75$0.77$0.02
2019Detailed filing. Detailed filing data is available for this year.$2.27$0.23$2.03$0.96$0.78$0.18
2018Detailed filing. Detailed filing data is available for this year.$2.12$0.27$1.85$0.91$0.74$0.17
2017Detailed filing. Detailed filing data is available for this year.$2.38$0.70$1.68$0.76$0.65$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.90$0.34$1.56$0.76$0.63$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.79$0.35$1.44$0.82$0.67$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.67$0.39$1.29$0.86$0.70$0.16
2013Detailed filing. Detailed filing data is available for this year.$1.48$0.35$1.13$0.80$0.71$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.20$1.05$0.65
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.32$0.97$0.55
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.04$0.86$0.50