Civic Intelligence

Texas Hereford Association Foundation In

990 • Fiscal year 2017 • EIN 75-0701609

Jan 01, 2017 to Dec 31, 2017 • Filed on May 03, 2018

Organization ProfileWWW.TEXASHEREFORD.ORG
4609 Airport FreewayFt Worth, TX 76117

(817) 831-3161

Siviq Scores

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

Liabilities / Assets

96th percentile

0.40x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • 501(c)5 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

0.16x

Higher debt load relative to revenue than 92% of similar nonprofits.

2017 filings • 501(c)5 • <$500k nonprofits • Source year 2017

Net Margin

21st percentile

-6.6%

Higher net margin than 21% of similar nonprofits.

2017 filings • 501(c)5 • <$500k nonprofits • Source year 2017

Top Officer Pay

91st percentile

$54,723

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 19.7% of source-year revenue.

2017 filings • 501(c)5 • <$500k nonprofits • Source year 2017

Asset Growth

65th percentile

9.4%

Faster asset growth than 65% of similar nonprofits.

2017 filings • 501(c)5 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

13th percentile

-16%

Faster revenue growth than 13% of similar nonprofits.

2017 filings • 501(c)5 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$107,672

Up $9,209 (+9.4%) from 2016

Net Assets

Down

$64,119

Down $18,168 (-22%) from 2016

Liabilities

Up

$43,553

Up $27,377 (+169%) from 2016

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin21st percentile

Revenue

Down

$277,176

Down $52,420 (-16%) from 2016

Expenses

Down

$295,344

Down $20,885 (-6.6%) from 2016

Net Income

Down

-$18,168

Down $31,535 (-236%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

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

$600K$400K$200K$0Assets 2010: $96,315Liabilities 2010: $88,016Net Assets 2010: $8,2992010Assets 2011: $88,213Liabilities 2011: $72,075Net Assets 2011: $16,1382011Assets 2012: $99,449Liabilities 2012: $99,128Net Assets 2012: $3212012Assets 2013: $66,046Liabilities 2013: $42,037Net Assets 2013: $24,0092013Assets 2014: $70,427Liabilities 2014: $26,078Net Assets 2014: $44,3492014Assets 2015: $89,531Liabilities 2015: $20,611Net Assets 2015: $68,9202015Assets 2016: $98,463Liabilities 2016: $16,176Net Assets 2016: $82,2872016Assets 2017: $107,672Liabilities 2017: $43,553Net Assets 2017: $64,1192017Assets 2018: $78,839Liabilities 2018: $32,309Net Assets 2018: $46,5302018Assets 2019: $89,431Liabilities 2019: $54,587Net Assets 2019: $34,8442019Assets 2020: $75,541Liabilities 2020: $48,894Net Assets 2020: $26,6472020Assets 2021: $79,139Liabilities 2021: $42,452Net Assets 2021: $36,6872021Assets 2022: $100,044Liabilities 2022: $77,464Net Assets 2022: $22,5802022Assets 2023: $544,822Liabilities 2023: $45,704Net Assets 2023: $499,1182023

Highlighted filing

2017

Assets$107,672
Liabilities$43,553
Net Assets$64,119
Open 2017 Filing

Operations Trend

Revenue Growth13th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2010: $188,913Expenses 2010: $215,195Net Income 2010: -$26,2822010Expenses 2011: $210,0912011Expenses 2012: $219,1552012Revenue 2013: $304,581Expenses 2013: $280,893Net Income 2013: $23,6882013Revenue 2014: $315,084Expenses 2014: $294,744Net Income 2014: $20,3402014Revenue 2015: $324,337Expenses 2015: $299,766Net Income 2015: $24,5712015Revenue 2016: $329,596Expenses 2016: $316,229Net Income 2016: $13,3672016Revenue 2017: $277,176Expenses 2017: $295,344Net Income 2017: -$18,1682017Revenue 2018: $290,628Expenses 2018: $308,217Net Income 2018: -$17,5892018Revenue 2019: $264,014Expenses 2019: $275,700Net Income 2019: -$11,6862019Revenue 2020: $245,219Expenses 2020: $253,416Net Income 2020: -$8,1972020Revenue 2021: $260,081Expenses 2021: $250,041Net Income 2021: $10,0402021Revenue 2022: $313,690Expenses 2022: $327,797Net Income 2022: -$14,1072022Revenue 2023: $672,595Expenses 2023: $196,485Net Income 2023: $476,1102023

Highlighted filing

2017

Revenue$277,176
Expenses$295,344
Net Income-$18,168
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 3, 2018
Return Version
2017v2.3
Gross Receipts
$283,613
Mission and Program Overview

Mission

To provide leadership to unite, foster and protect the interest of the hereford breed; and to promote fairly the production and consumption of hereford beef universally.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$82,287$64,119▼ $18,168
Land, Buildings, and Equipment, Net$58,359$63,000▲ $4,641
Cash and Non-Interest-Bearing Accounts$28,723$39,365▲ $10,642
Accounts Receivable$10,946$4,872▼ $6,074
Total Assets$98,463$107,672▲ $9,209
Other Assets Total$435$435→ $0
Liabilities
Deferred Revenue-$25,370-
Mortgage Notes Payable Secured by Investment Property$11,075$16,343▲ $5,268
Other Liabilities$3,000--
Accounts Payable and Accrued Expenses$2,101$1,840▼ $261
Total Liabilities$16,176$43,553▲ $27,377
Net Assets / Fund Balance
Total Net Assets Fund Balance$82,287$64,119▼ $18,168
Total Liabilities and Net Assets / Fund Balance$98,463$107,672▲ $9,209

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,350$121,887$123,237
Buildings$19,377$76,185$95,562
Equipment$19,754$3,318$23,072
Land$22,519-$22,519
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jack ChastainSecretary/trPT$54,723$54,723

Board Members and Trustees

NameTitle
Chad BreedingPresident
Curtis Younts JrPresident-el
Berry SummerourExecutive Co
Ec RossonExecutive Co
Pete CaseExecutive Co
Scott NolanExecutive Co
Tom EcholsExecutive Co
Gary BuchholzPast Preside
John WinsaurVice Preside
Larry JohnsonVice Preside
Terri BarberVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$48,060
Program Service Revenue
$228,433
Investment Income
$0
Other Revenue
$683
All Other Contributions
$8,750
Change in Net Assets
$-18,168
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$209,464
Salaries, Compensation, and Employee Benefits$85,880
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$54,723--$54,723
Other Salaries and Wages$24,795--$24,795
Occupancy$18,450--$18,450
Travel$15,491--$15,491
Insurance$10,370--$10,370
Payroll Taxes$6,362--$6,362
Office Expenses$6,161--$6,161
Depreciation Depletion$5,325--$5,325
Advertising$4,787--$4,787
Fees for Services Accounting-$2,895-$2,895
Other Expenses$1,465--$1,465
All Other Expenses$1,240--$1,240
Interest$357--$357
Total Functional Expenses$292,449$2,895$0$295,344
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,005
Fundraising Direct Expenses$6,437
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The organization has approximately 375 members, who are also considered "volunteers." membership is attained by completing a membership application form and paying the annual membership fee.”

Form 990, Page 6, Part VI, Line 7A

“The organization's approximately 375 members elect its officers.”

Form 990, Page 6, Part VI, Line 11B

“An independent accounting firm prepares the organization's form 990 tax returns. The organization's secretary/treasurer reviews each form 990 before filing. A copy of the form 990 is presented at the next board meeting and is also available for review, upon request.”

Form 990, Page 6, Part VI, Line 15A

“Independent board members review and approve compensation for all employees.”

Form 990, Page 6, Part VI, Line 15B

“Independent board members review and approve compensation for all employees.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents and financial statements are available to the public for review upon request. The organization does not have a formal conflict of interest policy; however, all activities are approved and reviewed by its elected officers.”

Filing and Contact Details

Filer

Filer Name
Texas Hereford Association
EIN
75-0701609
Phone
8178313161
Address
4609 AIRPORT FREEWAY, FT WORTH, TX 76117

Signing Officer

Name
Jack Chastain
Title
Secretary/treasurer
Phone
8178313161
Signed
2018-05-03

Organization Details

Principal Officer
Jack Chastain
Formed
1899
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
11
Employees
2

Preparer

Firm
Crawford Carter & Durbin LLC
Address
PO BOX 87, MINERAL WELLS, TX 76068-0087
Preparer
Martin R Durbin
Phone
9403281167
Supplemental Narrative

Additional Explanations

Form 990

“Schedule r, part ii. The organization shares a common board with 501c3 texas hereford association foundation,75-1821712. The primary activity of texas hereford association foundation is to educate the public regarding hereford cattle and ranching, and to provide youth scholarships and livestock shows.”

Form 990, Page 2, Part III, Line 4D

“OTHER”

Raw XML AppendixShowing 400 of 414 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt6PAST PRESIDE
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IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE CO
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IRS990/PYTotalExpensesAmt0316229
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt076185
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt095562
IRS990ScheduleD/EquipmentGrp/BookValueAmt019754
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03318
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023072
IRS990ScheduleD/LandGrp/BookValueAmt022519
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt022519
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01350
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0121887
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0123237
IRS990ScheduleD/TotalBookValueLandBuildingsAmt063000
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SCHEDULE R, PART II. THE ORGANIZATION SHARES A COMMON BOARD WITH 501C3 TEXAS HEREFORD ASSOCIATION FOUNDATION,75-1821712. THE PRIMARY ACTIVITY OF TEXAS HEREFORD ASSOCIATION FOUNDATION IS TO EDUCATE THE PUBLIC REGARDING HEREFORD CATTLE AND RANCHING, AND TO PROVIDE YOUTH SCHOLARSHIPS AND LIVESTOCK SHOWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS APPROXIMATELY 375 MEMBERS, WHO ARE ALSO CONSIDERED "VOLUNTEERS." MEMBERSHIP IS ATTAINED BY COMPLETING A MEMBERSHIP APPLICATION FORM AND PAYING THE ANNUAL MEMBERSHIP FEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S APPROXIMATELY 375 MEMBERS ELECT ITS OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AN INDEPENDENT ACCOUNTING FIRM PREPARES THE ORGANIZATION'S FORM 990 TAX RETURNS. THE ORGANIZATION'S SECRETARY/TREASURER REVIEWS EACH FORM 990 BEFORE FILING. A COPY OF THE FORM 990 IS PRESENTED AT THE NEXT BOARD MEETING AND IS ALSO AVAILABLE FOR REVIEW, UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INDEPENDENT BOARD MEMBERS REVIEW AND APPROVE COMPENSATION FOR ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6INDEPENDENT BOARD MEMBERS REVIEW AND APPROVE COMPENSATION FOR ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC FOR REVIEW UPON REQUEST. THE ORGANIZATION DOES NOT HAVE A FORMAL CONFLICT OF INTEREST POLICY; HOWEVER, ALL ACTIVITIES ARE APPROVED AND REVIEWED BY ITS ELECTED OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0751812712
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0R, PRT VII
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04609 AIRPORT FREEWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FORT WORTH
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd076117
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION SHARES A COMMON BOARD WITH 501C3 TEXAS HEREFORD ASSOCIATION FOUNDATION.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt048060
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0292449
IRS990/TotalFunctionalExpensesGrp/TotalAmt0295344
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IRS990/TotalLiabilitiesEOYAmt043553
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0107672
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IRS990/TravelGrp/TotalAmt015491
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IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.TEXASHEREFORD.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JACK CHASTAIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08178313161
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-03
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ReturnHeader/FilingSecurityInformation/IPTm012:20:35

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$107,672
Liabilities
$43,553
Net assets
$64,119
Revenue
$277,176
Expenses
$295,344
Net income
-$18,168
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$5.45$0.46$4.99$6.73$1.96$4.76
2022Detailed filing. Detailed filing data is available for this year.$1.00$0.77$0.23$3.14$3.28$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.79$0.42$0.37$2.60$2.50$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.76$0.49$0.27$2.45$2.53$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.89$0.55$0.35$2.64$2.76$0.12
2018Detailed filing. Detailed filing data is available for this year.$0.79$0.32$0.47$2.91$3.08$0.18
2017Detailed filing. Detailed filing data is available for this year.$1.08$0.44$0.64$2.77$2.95$0.18
2016Detailed filing. Detailed filing data is available for this year.$0.98$0.16$0.82$3.30$3.16$0.13
2015Detailed filing. Detailed filing data is available for this year.$0.90$0.21$0.69$3.24$3.00$0.25
2014Detailed filing. Detailed filing data is available for this year.$0.70$0.26$0.44$3.15$2.95$0.20
2013Detailed filing. Detailed filing data is available for this year.$0.66$0.42$0.24$3.05$2.81$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.99$0.00$2.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.72$0.16$2.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.88$0.08$1.89$2.15$0.26