Civic Intelligence

Trinity Valley Exposition Inc

990 • Fiscal year 2019 • EIN 74-2138264

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 04, 2020

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

54th percentile

0.10x

Higher debt load relative to assets than 54% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

69th percentile

0.24x

Higher debt load relative to revenue than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

76th percentile

19%

Higher net margin than 76% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

60th percentile

6.8%

Faster asset growth than 60% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

53rd percentile

5.1%

Faster revenue growth than 53% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,266,352

Up $143,439 (+6.8%) from 2018

Net Assets

Up

$2,031,474

Up $180,852 (+9.8%) from 2018

Liabilities

Down

$234,878

Down $37,413 (-14%) from 2018

Revenue

Up

$960,340

Up $46,736 (+5.1%) from 2018

Expenses

Up

$779,488

Up $38,452 (+5.2%) from 2018

Net Income

Up

$180,852

Up $8,284 (+4.8%) from 2018

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

2019

Assets$2,266,352
Liabilities$234,878
Net Assets$2,031,474

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

2019

Revenue$960,340
Expenses$779,488
Net Income$180,852
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 4, 2020
Return Version
2019v5.1
Gross Receipts
$1,534,362
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$1,795,090$1,851,429▲ $56,339
Cash and Non-Interest-Bearing Accounts$290,644$295,636▲ $4,992
Accounts Receivable$37,179$119,287▲ $82,108
Total Assets$2,122,913$2,266,352▲ $143,439
Liabilities
Mortgage Notes Payable Secured by Investment Property$254,028$228,343▼ $25,685
Deferred Revenue$10,000$0▼ $10,000
Other Liabilities$6,942$5,860▼ $1,082
Accounts Payable and Accrued Expenses$1,321$675▼ $646
Total Liabilities$272,291$234,878▼ $37,413
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,850,622$2,031,474▲ $180,852
Total Net Assets Fund Balance$1,850,622$2,031,474▲ $180,852
Total Liabilities and Net Assets / Fund Balance$2,122,913$2,266,352▲ $143,439

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,562,365-$1,562,365
Equipment$205,269-$205,269
Land$83,795-$83,795
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gary Lott JrBoard Chairman
Bruce LockhartDirector
Carson HillDirector
Cory AndersonDirector
Dan JohnstonDirector
Jennifer ParkerDirector
Harvey SjolanderDirector - Secretary
Stoney BurkDirector-treasurer
Fred LemondVP - Fair & Events
Rob JonesVP - Grounds
Greg DodsonVP - Livestock
Steve GreenVP - Rodeo
Linda RuskVP - Special Events
Revenue and Support

Revenue Composition

Contributions and Grants
$273,873
Program Service Revenue
$576,140
Investment Income
$5,431
Other Revenue
$104,896
All Other Contributions
$12,898
Change in Net Assets
$180,852
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$738,147
Salaries, Compensation, and Employee Benefits$41,341
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$43,885--$43,885
Comp Disqual Persons$38,404--$38,404
Advertising$27,470--$27,470
Insurance-$15,432-$15,432
Interest-$12,773-$12,773
Other Expenses$10,563--$10,563
Office Expenses$5,699--$5,699
Fees for Services Other-$5,400-$5,400
Fees for Services Accounting-$3,294-$3,294
Payroll Taxes$2,937--$2,937
Information Technology-$2,345-$2,345
Total Functional Expenses$740,244$39,244$0$779,488
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$586,164
Fundraising Direct Expenses$574,022
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Fair & Rodeo-events$703,376$442,401$244,829$197,572
Annual Fair & Rodeo-beverage Sales$49,744$49,744$21,354$28,390
Total Events$847,139$586,164$574,022$12,142
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sales Tax Payable$4,975
Payroll Taxes Payable$885
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 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
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
Gary Lott
Title
Board Chairman
Phone
9363367455
Signed
2020-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Lott
Formed
1909
Legal Domicile
TX
Voting Board Members
13
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/OtherLiabilitiesGrp/BOYAmt06942
IRS990/OtherLiabilitiesGrp/EOYAmt05860
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt02937
IRS990/PayrollTaxesGrp/TotalAmt02937
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0GARY LOTT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0110000
IRS990/ProgramServiceRevenueGrp/Desc0LIVESTOCK AUCTION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0576140
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0576140
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIP AWARDS PROGRAM
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt010563
IRS990/ProgSrvcAccomActy3Grp/Desc0MATERIALS AND EXPENSES AND REVENUES ASSOCIATED WITH ACTIVITIES REPORTED IN PART VIII
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0153541
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt098185
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0260623
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0280
IRS990/PYOtherExpensesAmt0700553
IRS990/PYOtherRevenueAmt095782
IRS990/PYProgramServiceRevenueAmt0556919
IRS990/PYRevenuesLessExpensesAmt0172568
IRS990/PYSalariesCompEmpBnftPaidAmt040483
IRS990/PYTotalExpensesAmt0741036
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0913604
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0180852
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt092754
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0576140
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0846954
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0817542
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0736081
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0679476
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0691036
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03771089
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt095080
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt081081
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt073846
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt081856
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt072805
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0404668
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03842453
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.90310
IRS990ScheduleA/PublicSupportPY170Pct00.90670
IRS990ScheduleA/PublicSupportTotal170Amt03771089
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0846954
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0817542
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0736081
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0679476
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0691036
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03771089
IRS990ScheduleA/TotalSupportAmt04175757
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01562365
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01562365
IRS990ScheduleD/EquipmentGrp/BookValueAmt0205269
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0205269
IRS990ScheduleD/LandGrp/BookValueAmt083795
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt083795
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04975
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1885
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01851429
IRS990ScheduleD/TotalLiabilityAmt05860
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt022270
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesOtherEventsAmt011346
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt033616
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0260975
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0260975
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0574022
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0114984
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt09800
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0124784
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL FAIR & RODEO-EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ANNUAL FAIR & RODEO-BEVERAGE SALES
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt063431
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt010811
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt074242
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0703376
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt049744
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt094019
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0847139
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0442401
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt049744
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt094019
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0586164
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt012142
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt036053
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesOtherEventsAmt01167
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt037220
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt05073
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0271256
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0244829
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt021354
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt032904
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt032904
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02122913
IRS990/TotalAssetsEOYAmt02266352
IRS990/TotalAssetsGrp/BOYAmt02122913

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
Peer Organizations

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