Civic Intelligence

MID-Tex Quarter Horse Association Inc

EIN 74-2517994 • 501(c)5 • Killeen, TX

Profile

The purpose of this organization is to institute and maintain a continuing promotion of the american quarter horse and to further interest in youth activities relating to the american quarter horse.

2935 Pecan Creek RdKilleen, TX 76549-6517

www.mtqha.org

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

501(c)5 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

60th percentile

0.00x

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

501(c)5 • <$500k nonprofits • Source year 2021

Net Margin

20th percentile

-14%

Higher net margin than 20% of similar nonprofits.

501(c)5 • <$500k nonprofits • Source year 2021

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

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

501(c)5 • <$500k nonprofits • Source year 2021

Asset Growth

27th percentile

-8.5%

Faster asset growth than 27% of similar nonprofits.

501(c)5 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

10th percentile

-32%

Faster revenue growth than 10% of similar nonprofits.

501(c)5 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$113,671

Down $10,567 (-8.5%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Down

$113,671

Down $10,567 (-8.5%) from 2020

Operations
Liabilities / Revenue60th percentileNet Margin20th percentile

Revenue

Down

$73,567

Down $35,346 (-32%) from 2020

Expenses

Down

$84,134

Down $10,767 (-11%) from 2020

Net Income

Down

-$10,567

Down $24,579 (-175%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth27th percentile

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

$150K$100K$50K$0Assets 2015: $71,046Liabilities 2015: $0Net Assets 2015: $71,0462015Assets 2016: $86,559Liabilities 2016: $0Net Assets 2016: $86,5592016Assets 2017: $102,875Liabilities 2017: $0Net Assets 2017: $102,8752017Assets 2018: $101,072Liabilities 2018: $0Net Assets 2018: $101,0722018Assets 2019: $110,226Liabilities 2019: $0Net Assets 2019: $110,2262019Assets 2020: $124,238Liabilities 2020: $0Net Assets 2020: $124,2382020Assets 2021: $113,671Liabilities 2021: $0Net Assets 2021: $113,6712021

Highlighted filing

2021

Assets$113,671
Liabilities$0
Net Assets$113,671
Open 2021 Filing

Operations Trend

Revenue Growth10th percentile

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

$150K$100K$50K$0-$50KRevenue 2015: $80,548Expenses 2015: $57,277Net Income 2015: $23,2712015Revenue 2016: $105,209Expenses 2016: $89,696Net Income 2016: $15,5132016Revenue 2017: $92,294Expenses 2017: $75,978Net Income 2017: $16,3162017Revenue 2018: $102,733Expenses 2018: $104,536Net Income 2018: -$1,8032018Revenue 2019: $116,980Expenses 2019: $107,826Net Income 2019: $9,1542019Revenue 2020: $108,913Expenses 2020: $94,901Net Income 2020: $14,0122020Revenue 2021: $73,567Expenses 2021: $84,134Net Income 2021: -$10,5672021

Highlighted filing

2021

Revenue$73,567
Expenses$84,134
Net Income-$10,567
Open 2021 Filing

Filings

Most recent year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$113,671
Liabilities
$0
Net assets
$113,671
Revenue
$73,567
Expenses
$84,134
Net income
-$10,567
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.74$0.84$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$1.09$0.95$0.14
2019Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$1.17$1.08$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$1.03$1.05$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.92$0.76$0.16
2016Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$1.05$0.90$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.81$0.57$0.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 23, 2022
Return Version
2021v4.2
Gross Receipts
$73,567
Mission and Program Overview

Mission

The purpose of this organization is to institute and maintain a continuing promotion of the american quarter horse and to further interest in youth activities relating to the american quarter horse.

Program Services

DescriptionGrantsExpenses
MTQHA HOSTED 2 SHOWS IN 2021 FOR THE PROMOTION OF THE AMERICAN QUARTER HORSE AND FURTHER TRAINING OF YOUTH IN THE ABILITY TO PARTICIPATE IN PUBLIC EVENTS.$0$80,525
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CRYSTALL PETRYPresident-$0--
LANCE WILSONVice President-$0--
BOB COLBURNTreasurer-$0--
MARY COLBURNSecretary-$0--
LANCE WILSONBoard Member-$0--
CAROL RAYBoard Member-$0--
JEWELL ARMSTRONGBoard Member-$0--
JUSTIN ARMSTRONGBoard Member-$0--
TISH NAUMANBoard Member-$0--
KAREN LAIRDBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Mid-tex Quarter Horse Association Inc
EIN
74-2517994
Phone
2545541955
Address
2935 PECAN CREEK RD, KILLEEN, TX 76549-6517

Signing Officer

Name
Robert M Colburn
Title
Treasurer
Phone
5714356631
Signed
2022-08-23
Discuss with paid preparer
Yes

Preparer

Firm
Lott Vernon & Co Pc
Address
109 E AVE B, KILLEEN, TX 76541
Preparer
Debbie Hershberger CPA
Phone
2545260571
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: interest. Amount: 60. Description: dividends. Amount: 1. Total to form 990-ez, line 8: 61.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: office expenses. Amount: 675. Description: program expenses. Amount: 76,896. Description: volunteers. Amount: 2,855. Description: supplies. Amount: 1,742. Description: small equipment. Amount: 351. Description: bank fee. Amount: 251. Description: accounting. Amount: 941. Description: license. Amount: 85. Description: insurance. Amount: 338. Total to form 990-ez, line 16: 84,134.”

Raw XML Appendix153 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/ActivitiesNotPreviouslyRptInd00
IRS990EZ/AddressChangeInd0X
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ROBERT COLBURN
IRS990EZ/BooksInCareOfDetail/PhoneNum05714356631
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02935 PECAN CREEK RD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0KILLEEN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0765496517
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0124238
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0113671
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-10567
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0124238
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0113671
IRS990EZ/GrossReceiptsAmt073567
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt012
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0124238
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0113671
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0124238
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0113671
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt50.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt60.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt70.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt80.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt90.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CRYSTALL PETRY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LANCE WILSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2BOB COLBURN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MARY COLBURN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4LANCE WILSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5CAROL RAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JEWELL ARMSTRONG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7JUSTIN ARMSTRONG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8TISH NAUMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9KAREN LAIRD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9BOARD MEMBER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt084134
IRS990EZ/OtherRevenueTotalAmt061
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE PURPOSE OF THIS ORGANIZATION IS TO INSTITUTE AND MAINTAIN A CONTINUING PROMOTION OF THE AMERICAN QUARTER HORSE AND TO FURTHER INTEREST IN YOUTH ACTIVITIES RELATING TO THE AMERICAN QUARTER HORSE.
IRS990EZ/ProgramServiceRevenueAmt073494
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MTQHA HOSTED 2 SHOWS IN 2021 FOR THE PROMOTION OF THE AMERICAN QUARTER HORSE AND FURTHER TRAINING OF YOUTH IN THE ABILITY TO PARTICIPATE IN PUBLIC EVENTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt080525
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0TX
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt084134
IRS990EZ/TotalProgramServiceExpensesAmt080525
IRS990EZ/TotalRevenueAmt073567
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST. AMOUNT: 60. DESCRIPTION: DIVIDENDS. AMOUNT: 1. TOTAL TO FORM 990-EZ, LINE 8: 61.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: OFFICE EXPENSES. AMOUNT: 675. DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 76,896. DESCRIPTION: VOLUNTEERS. AMOUNT: 2,855. DESCRIPTION: SUPPLIES. AMOUNT: 1,742. DESCRIPTION: SMALL EQUIPMENT. AMOUNT: 351. DESCRIPTION: BANK FEE. AMOUNT: 251. DESCRIPTION: ACCOUNTING. AMOUNT: 941. DESCRIPTION: LICENSE. AMOUNT: 85. DESCRIPTION: INSURANCE. AMOUNT: 338. TOTAL TO FORM 990-EZ, LINE 16: 84,134.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT M COLBURN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05714356631
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MID-TEX QUARTER HORSE ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MID-
ReturnHeader/Filer/EIN0742517994
ReturnHeader/Filer/PhoneNum02545541955
ReturnHeader/Filer/USAddress/AddressLine1Txt02935 PECAN CREEK RD
ReturnHeader/Filer/USAddress/CityNm0KILLEEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0765496517
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0742484378
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LOTT VERNON & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0109 E AVE B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KILLEEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076541
ReturnHeader/PreparerPersonGrp/PhoneNum02545260571
ReturnHeader/PreparerPersonGrp/PreparationDt02022-08-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEBBIE HERSHBERGER CPA
ReturnHeader/ReturnTs02022-08-25T11:09:52-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROBERT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COLBURN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.