Civic Intelligence

Texas Limousin Association

990 • Fiscal year 2019 • EIN 75-1336278

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

PO Box 6097Lubbock, TX 79493

(806) 500-8785

Siviq Scores

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

Liabilities / Assets

94th percentile

0.31x

Higher debt load relative to assets than 94% of similar nonprofits.

2019 filings • 501(c)5 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

0.09x

Higher debt load relative to revenue than 88% of similar nonprofits.

2019 filings • 501(c)5 • <$500k nonprofits • Source year 2019

Net Margin

22nd percentile

-7.4%

Higher net margin than 22% of similar nonprofits.

2019 filings • 501(c)5 • <$500k nonprofits • Source year 2019

Top Officer Pay

69th percentile

$6,000

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2019 filings • 501(c)5 • <$500k nonprofits • Source year 2019

Asset Growth

10th percentile

-22%

Faster asset growth than 10% of similar nonprofits.

2019 filings • 501(c)5 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

91st percentile

28%

Faster revenue growth than 91% of similar nonprofits.

2019 filings • 501(c)5 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$31,890

Down $8,762 (-22%) from 2018

Net Assets

Down

$22,023

Down $8,151 (-27%) from 2018

Liabilities

Down

$9,867

Down $611 (-5.8%) from 2018

Revenue

Up

$109,416

Up $24,263 (+28%) from 2018

Expenses

Up

$117,567

Up $24,325 (+26%) from 2018

Net Income

Down

-$8,151

Down $62 (-0.8%) from 2018

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2010: $43,495Liabilities 2010: $4,103Net Assets 2010: $39,3922010Assets 2011: $48,757Liabilities 2011: $9,627Net Assets 2011: $39,1302011Assets 2012: $51,103Liabilities 2012: $7,680Net Assets 2012: $43,4232012Assets 2013: $53,863Liabilities 2013: $13,290Net Assets 2013: $40,5732013Assets 2014: $58,600Liabilities 2014: $10,600Net Assets 2014: $48,0002014Assets 2015: $59,578Liabilities 2015: $12,275Net Assets 2015: $47,3032015Assets 2016: $55,567Liabilities 2016: $6,627Net Assets 2016: $48,9402016Assets 2017: $46,044Liabilities 2017: $7,781Net Assets 2017: $38,2632017Assets 2018: $40,652Liabilities 2018: $10,478Net Assets 2018: $30,1742018Assets 2019: $31,890Liabilities 2019: $9,867Net Assets 2019: $22,0232019Assets 2020: $23,855Liabilities 2020: $0Net Assets 2020: $23,8552020Assets 2021: $71,013Liabilities 2021: $46,197Net Assets 2021: $24,8162021Assets 2022: $50,239Liabilities 2022: $0Net Assets 2022: $50,2392022Assets 2023: $45,727Liabilities 2023: $0Net Assets 2023: $45,7272023Assets 2024: $40,748Liabilities 2024: $0Net Assets 2024: $40,7482024

Highlighted filing

2019

Assets$31,890
Liabilities$9,867
Net Assets$22,023

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $225,2332010Expenses 2011: $303,0372011Expenses 2012: $297,9042012Revenue 2013: $178,994Expenses 2013: $181,844Net Income 2013: -$2,8502013Revenue 2014: $203,060Expenses 2014: $195,633Net Income 2014: $7,4272014Revenue 2015: $124,803Expenses 2015: $125,500Net Income 2015: -$6972015Revenue 2016: $137,563Expenses 2016: $135,926Net Income 2016: $1,6372016Revenue 2017: $200,939Expenses 2017: $210,716Net Income 2017: -$9,7772017Revenue 2018: $85,153Expenses 2018: $93,242Net Income 2018: -$8,0892018Revenue 2019: $109,416Expenses 2019: $117,567Net Income 2019: -$8,1512019Revenue 2020: $107,165Expenses 2020: $105,333Net Income 2020: $1,8322020Revenue 2021: $193,576Expenses 2021: $202,542Net Income 2021: -$8,9662021Revenue 2022: $133,128Expenses 2022: $107,705Net Income 2022: $25,4232022Revenue 2023: $51,133Expenses 2023: $55,645Net Income 2023: -$4,5122023Revenue 2024: $37,956Expenses 2024: $42,935Net Income 2024: -$4,9792024

Highlighted filing

2019

Revenue$109,416
Expenses$117,567
Net Income-$8,151
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$109,416
Mission and Program Overview

Mission

Promote the limousin breed of cattle by educating the general public through sponsorship of sales of cattle and the exhibition and showing of the breed at various local, state and national livestock shows.

Promoting the limousin breed of cattle by educating the general public through sponsorships of sales of cattle and the exhibition and showing of the breed at various local, state and national livestock shows.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$30,662$30,485▼ $177
Rtn Earn Endowment Incm Other Fnds$30,174$22,023▼ $8,151
Prepaid Expenses and Deferred Charges$1,125$625▼ $500
Land, Buildings, and Equipment, Net$330$330→ $0
Accounts Receivable$8,235$150▼ $8,085
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$40,652$31,890▼ $8,762
Other Assets Total$300$300→ $0
Liabilities
Other Liabilities$7,201$6,590▼ $611
Accounts Payable and Accrued Expenses$3,277$3,277→ $0
Total Liabilities$10,478$9,867▼ $611
Net Assets / Fund Balance
Total Net Assets Fund Balance$30,174$22,023▼ $8,151
Total Liabilities and Net Assets / Fund Balance$40,652$31,890▼ $8,762

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$330$6,652$6,982
Equipment$0$4,243$4,243
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Brittni AllerkampEx SecretaryPT$6,000$6,000

Board Members and Trustees

NameTitle
Matt ChacherePresident
Amber ParkinsonVice President
Bruce LawrenceDirector
Gary FuchsDirector
Jerry HendersonDirector
Glenn SchurEx Officer
Jason GastonSecretary
Jay WilderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,344
Program Service Revenue
$102,355
Investment Income
$137
Other Revenue
$580
Change in Net Assets
$-8,151
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$111,567
Salaries, Compensation, and Employee Benefits$6,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$6,247--$6,247
Current Officers, Directors, Trustees, and Key Employees-$6,000-$6,000
Office Expenses-$2,273-$2,273
All Other Expenses$1,429--$1,429
Advertising$1,195--$1,195
Fees for Services Accounting-$835-$835
Travel-$835-$835
Insurance-$233-$233
Total Functional Expenses$107,391$10,176$0$117,567
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shootout Fees Payable$4,690
Unearned Income$1,900
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

This association is made up of members that pay dues to join.

Form 990, Part VI, Section A, Line 7A

This association has members that elect officers and board members annually

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

No additional review will be conducted

Form 990, Part VI, Section C, Line 19

Organization provides information to public upon request

Filing and Contact Details

Filer

Filer Name
Texas Limousin Association
EIN
75-1336278
Phone
8065008785
Address
PO BOX 6097, LUBBOCK, TX 79493

Signing Officer

Name
Matt Chachere
Title
President
Phone
8065008785
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Chachere
Formed
1971
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
0
Employees
0
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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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/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04243
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04243
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0330
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06652
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06982
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04690
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHOOTOUT FEES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1UNEARNED INCOME
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0330
IRS990ScheduleD/TotalLiabilityAmt06590
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS ASSOCIATION IS MADE UP OF MEMBERS THAT PAY DUES TO JOIN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS ASSOCIATION HAS MEMBERS THAT ELECT OFFICERS AND BOARD MEMBERS ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO ADDITIONAL REVIEW WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION PROVIDES INFORMATION TO PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt040652
IRS990/TotalAssetsEOYAmt031890
IRS990/TotalAssetsGrp/BOYAmt040652
IRS990/TotalAssetsGrp/EOYAmt031890
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06344
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010176
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0107391
IRS990/TotalFunctionalExpensesGrp/TotalAmt0117567
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010478
IRS990/TotalLiabilitiesEOYAmt09867
IRS990/TotalLiabilitiesGrp/BOYAmt010478
IRS990/TotalLiabilitiesGrp/EOYAmt09867
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt030174
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt022023
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt08871
IRS990/TotalOtherProgSrvcRevenueAmt06237
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt05657
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt05657
IRS990/TotalProgramServiceExpensesAmt0107391
IRS990/TotalProgramServiceRevenueAmt0102355
IRS990/TotalReportableCompFromOrgAmt06000
IRS990/TotalRevenueGrp/ExclusionAmt0137
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0102935
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0109416
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt040652
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt031890
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0835
IRS990/TravelGrp/TotalAmt0835
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 6097
IRS990/USAddress/CityNm0LUBBOCK
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079493
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0TEXASLIMOUSIN.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-01-07 14:23:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MATT CHACHERE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08065008785
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEXAS LIMOUSIN ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0TEXA
ReturnHeader/Filer/EIN0751336278
ReturnHeader/Filer/PhoneNum08065008785
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 6097
ReturnHeader/Filer/USAddress/CityNm0LUBBOCK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079493
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F28B331CE205327FC8AA04CBA68EC26F2003DE61
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId042D55FD1FDA15D1189CD2034E2EE5F8766EF9052
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.83.47.169
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm014:35:46
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760387630
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SWAIM BRENTS & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02804 JEFFERSON DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LIBERTY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077575
ReturnHeader/PreparerPersonGrp/PhoneNum09363367205
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LEE ANN BRENTS
ReturnHeader/ReturnTs02020-11-16T16:35:10-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.38$0.43$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.51$0.56$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$1.33$1.08$0.25
2021Detailed filing. Detailed filing data is available for this year.$0.71$0.46$0.25$1.94$2.03$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$1.07$1.05$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.32$0.10$0.22$1.09$1.18$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.41$0.10$0.30$0.85$0.93$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.46$0.08$0.38$2.01$2.11$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.56$0.07$0.49$1.38$1.36$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.60$0.12$0.47$1.25$1.26$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.59$0.11$0.48$2.03$1.96$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.54$0.13$0.41$1.79$1.82$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.08$0.43$2.98
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.10$0.39$3.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.04$0.39$2.25