Civic Intelligence

Trinity Valley Exposition Inc

990 • Fiscal year 2022 • EIN 74-2138264

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

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

44th percentile

0.04x

Higher debt load relative to assets than 44% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

50th percentile

0.08x

Higher debt load relative to revenue than 50% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

73rd percentile

22%

Higher net margin than 73% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$2,627,041

Up $281,899 (+12%) from 2021

Net Assets

Up

$2,518,867

Up $291,840 (+13%) from 2021

Liabilities

Down

$108,174

Down $9,941 (-8.4%) from 2021

Revenue

Up

$1,317,449

Up $126,176 (+11%) from 2021

Expenses

Up

$1,025,609

Up $51,019 (+5.2%) from 2021

Net Income

Up

$291,840

Up $75,157 (+35%) from 2021

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

2022

Assets$2,627,041
Liabilities$108,174
Net Assets$2,518,867

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

2022

Revenue$1,317,449
Expenses$1,025,609
Net Income$291,840
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$1,952,722
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$1,851,429$1,940,034▲ $88,605
Cash and Non-Interest-Bearing Accounts$380,250$635,659▲ $255,409
Accounts Receivable$113,463$51,348▼ $62,115
Total Assets$2,345,142$2,627,041▲ $281,899
Liabilities
Mortgage Notes Payable Secured by Investment Property$117,335$107,305▼ $10,030
Other Liabilities$780$869▲ $89
Total Liabilities$118,115$108,174▼ $9,941
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,227,027$2,518,867▲ $291,840
Total Net Assets Fund Balance$2,227,027$2,518,867▲ $291,840
Total Liabilities and Net Assets / Fund Balance$2,345,142$2,627,041▲ $281,899

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,650,970-$1,650,970
Equipment$205,269-$205,269
Land$83,795-$83,795
Compensation and Service Providers

Board Members and Trustees

NameTitle
Fred LemondBoard Chairman
Raelee MelanconDirector - Rodeo
Brady ZieschangDirector - Special Events
Bruce LockhartDirector-grounds
Cris StephensonDirector-livestock
Hilary OttoDirector-livestock/secreta
Meridith StoesserDirector-special Events
Jennifer ParkerDirector-treasurer
Carson HillVP - Grounds
Stoney BurkVP - Livestock
Cory AndersonVP - Rodeo
Dan JohnstonVP - Special Events
Revenue and Support

Revenue Composition

Contributions and Grants
$323,186
Program Service Revenue
$761,990
Investment Income
$88
Other Revenue
$232,185
All Other Contributions
$7,686
Change in Net Assets
$291,840
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$977,939
Salaries, Compensation, and Employee Benefits$47,670
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$55,536--$55,536
Occupancy$47,577--$47,577
Other Salaries and Wages$44,266--$44,266
Other Expenses$22,422--$22,422
Insurance-$17,109-$17,109
Office Expenses-$7,094-$7,094
Fees for Services Accounting-$4,449-$4,449
Interest-$3,880-$3,880
Fees for Services Other-$3,600-$3,600
Payroll Taxes$3,404--$3,404
Information Technology-$2,677-$2,677
Total Functional Expenses$986,800$38,809$0$1,025,609
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$787,713
Fundraising Direct Expenses$635,273
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Fair & Rodeo-events$869,475$553,975$220,408$333,567
Annual Fair & Rodeo-beverage Sales$78,209$78,209$29,557$48,652
Total Events$1,103,213$787,713$635,273$152,440
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$869
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
Fred Lemond
Title
Board Chairman
Phone
9363367455
Signed
2023-11-15

Organization Details

Principal Officer
Fred Lemond
Formed
1909
Legal Domicile
TX
Voting Board Members
12
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/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIP AWARDS PROGRAM
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt022422
IRS990/ProgSrvcAccomActy3Grp/Desc0MATERIALS AND EXPENSES AND REVENUES ASSOCIATED WITH ACTIVITIES REPORTED IN PART VIII
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0202388
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt079833
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0286750
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt066
IRS990/PYOtherExpensesAmt0932893
IRS990/PYOtherRevenueAmt0135208
IRS990/PYProgramServiceRevenueAmt0769249
IRS990/PYRevenuesLessExpensesAmt0216683
IRS990/PYSalariesCompEmpBnftPaidAmt041697
IRS990/PYTotalExpensesAmt0974590
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01191273
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0291840
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt079745
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0761990
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0323186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0299625
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0700338
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0846954
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0817542
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02987645
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt079833
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt093832
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt070345
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt095080
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt081081
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0420171
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03197104
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87670
IRS990ScheduleA/PublicSupportPY170Pct00.89140
IRS990ScheduleA/PublicSupportTotal170Amt02987645
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0323186
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0299625
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0700338
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0846954
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0817542
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02987645
IRS990ScheduleA/TotalSupportAmt03407816
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/BookValueAmt01650970
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01650970
IRS990ScheduleD/EquipmentGrp/BookValueAmt0205269
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0205269
IRS990ScheduleD/LandGrp/BookValueAmt083795
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt083795
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0869
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01940034
IRS990ScheduleD/TotalLiabilityAmt0869
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt021413
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt021413
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0315500
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0315500
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0635273
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0166915
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0166915
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL FAIR & RODEO-EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ANNUAL FAIR & RODEO-BEVERAGE SALES
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt065956
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt065956
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0869475
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt078209
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0155529
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt01103213
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0553975
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt078209
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt0155529
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0787713
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0152440
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt033796
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt033796
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt036780
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0286745
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0220408
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt029557
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt04
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt060448
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt060448
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/TotalAssetsBOYAmt02345142
IRS990/TotalAssetsEOYAmt02627041
IRS990/TotalAssetsGrp/BOYAmt02345142
IRS990/TotalAssetsGrp/EOYAmt02627041
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0323186
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt038809
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0986800
IRS990/TotalFunctionalExpensesGrp/TotalAmt01025609
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0118115
IRS990/TotalLiabilitiesEOYAmt0108174
IRS990/TotalLiabilitiesGrp/BOYAmt0118115
IRS990/TotalLiabilitiesGrp/EOYAmt0108174
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02227027
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02518867
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0986800
IRS990/TotalProgramServiceRevenueAmt0761990
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0152440

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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