Civic Intelligence

Texas Greyhound Association Inc

990 • Fiscal year 2016 • EIN 75-2254010

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

PO Box 40Lorena, TX 76655-0040

(254) 857-4377

Siviq Scores

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

Liabilities / Assets

91st percentile

0.71x

Higher debt load relative to assets than 91% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

3.02x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

3rd percentile

-34%

Higher net margin than 3% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

25th percentile

$50,988

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 13.6% of source-year revenue.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Asset Growth

98th percentile

126%

Faster asset growth than 98% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

77th percentile

12%

Faster revenue growth than 77% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,588,601

Up $886,980 (+126%) from 2015

Net Assets

Down

$455,986

Down $128,028 (-22%) from 2015

Liabilities

Up

$1,132,615

Up $1,015,008 (+863%) from 2015

Revenue

Up

$375,561

Up $41,486 (+12%) from 2015

Expenses

Up

$503,589

Up $184,868 (+58%) from 2015

Net Income

Down

-$128,028

Down $143,382 (-934%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $673,583Liabilities 2011: $50,373Net Assets 2011: $623,2102011Assets 2012: $700,182Liabilities 2012: $65,612Net Assets 2012: $634,5702012Assets 2013: $615,770Liabilities 2013: $65,029Net Assets 2013: $550,7412013Assets 2014: $611,427Liabilities 2014: $66,122Net Assets 2014: $545,3052014Assets 2015: $701,621Liabilities 2015: $117,607Net Assets 2015: $584,0142015Assets 2016: $1,588,601Liabilities 2016: $1,132,615Net Assets 2016: $455,9862016Assets 2017: $1,969,568Liabilities 2017: $1,412,772Net Assets 2017: $556,7962017Assets 2018: $855,697Liabilities 2018: $331,688Net Assets 2018: $524,0092018Assets 2019: $906,832Liabilities 2019: $369,902Net Assets 2019: $536,9302019Assets 2020: $1,230,557Liabilities 2020: $861,939Net Assets 2020: $368,6182020Assets 2021: $3,197,015Liabilities 2021: $2,204,213Net Assets 2021: $992,8022021Assets 2022: $4,422,835Liabilities 2022: $3,530,193Net Assets 2022: $892,6422022Assets 2023: $5,532,628Liabilities 2023: $4,748,386Net Assets 2023: $784,2422023Assets 2024: $5,725,479Liabilities 2024: $5,179,001Net Assets 2024: $546,4782024

Highlighted filing

2016

Assets$1,588,601
Liabilities$1,132,615
Net Assets$455,986

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $318,5712011Expenses 2012: $299,6222012Revenue 2013: $314,460Expenses 2013: $398,289Net Income 2013: -$83,8292013Revenue 2014: $342,542Expenses 2014: $347,978Net Income 2014: -$5,4362014Revenue 2015: $334,075Expenses 2015: $318,721Net Income 2015: $15,3542015Revenue 2016: $375,561Expenses 2016: $503,589Net Income 2016: -$128,0282016Revenue 2017: $400,330Expenses 2017: $299,520Net Income 2017: $100,8102017Revenue 2018: $389,350Expenses 2018: $422,137Net Income 2018: -$32,7872018Revenue 2019: $365,706Expenses 2019: $352,783Net Income 2019: $12,9232019Revenue 2020: $210,006Expenses 2020: $378,318Net Income 2020: -$168,3122020Revenue 2021: $835,035Expenses 2021: $210,851Net Income 2021: $624,1842021Revenue 2022: $218,833Expenses 2022: $318,993Net Income 2022: -$100,1602022Revenue 2023: $215,902Expenses 2023: $324,302Net Income 2023: -$108,4002023Revenue 2024: $72,941Expenses 2024: $310,705Net Income 2024: -$237,7642024

Highlighted filing

2016

Revenue$375,561
Expenses$503,589
Net Income-$128,028
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$375,561
Mission and Program Overview

Mission

To promote the texas greyhound industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$385,450$255,484▼ $129,966
Land, Buildings, and Equipment, Net$197,005$189,509▼ $7,496
Accounts Receivable$51,106$37,162▼ $13,944
Prepaid Expenses and Deferred Charges$3,488$3,459▼ $29
Total Assets$701,621$1,588,601▲ $886,980
Other Assets Total$64,572$1,102,987▲ $1,038,415
Liabilities
Other Liabilities$110,782$1,123,845▲ $1,013,063
Accounts Payable and Accrued Expenses$6,825$7,170▲ $345
Deferred Revenue-$1,600-
Total Liabilities$117,607$1,132,615▲ $1,015,008
Net Assets / Fund Balance
Unrestricted Net Assets$582,514$455,986▼ $126,528
Temporarily Rstr Net Assets$1,500--
Total Net Assets Fund Balance$584,014$455,986▼ $128,028
Total Liabilities and Net Assets / Fund Balance$701,621$1,588,601▲ $886,980

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$16,933$652,601$669,534
Buildings$117,250$80,804$198,054
Equipment$1,255$123,702$124,957
Land$54,071-$54,071
Other Assets Org$1,102,987--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lois MoweryExecutive DiFT$45,941$5,047$50,988

Board Members and Trustees

NameTitle
David PeckPresident
Charlie PevehouseDirector
Dick DicksonDirector
Ed GardnerDirector
Joe FreyDirector
Marty TannerDirector
Ray CampanaDirector
Billy GalbrethSecretary/tr
John DaltonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$3,000
Program Service Revenue
$372,206
Investment Income
$355
Other Revenue
$0
All Other Contributions
$3,000
Change in Net Assets
$-128,028

Audited Revenue Reconciliation

Revenue per Audited Statements
$375,561
Total Revenue per Audited Statements
$375,561
Total Revenue per Form 990
$375,561
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$295,110
Other Expenses$124,857
Salaries, Compensation, and Employee Benefits$83,622
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$295,110--$295,110
Current Officers, Directors, Trustees, and Key Employees$50,988--$50,988
Other Salaries and Wages$32,634--$32,634
All Other Expenses$16,751--$16,751
Insurance$15,839--$15,839
Conferences and Meetings$13,812--$13,812
Fees for Services Accounting$9,860--$9,860
Occupancy$8,716--$8,716
Depreciation Depletion$7,490--$7,490
Office Expenses$6,055--$6,055
Information Technology$6,044--$6,044
Other Expenses$5,650--$5,650
Fees for Services Other$3,650--$3,650
Advertising$2,000--$2,000
Total Functional Expenses$503,589$0$0$503,589

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$503,589
Total Expenses per Audited Statements$503,589
Total Expenses per Form 990$503,589
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Valley Race Park---$295,110
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
Yes
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Custodial Funds Held for Others$1,123,845
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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 11B

Form 990 made available to board members for review.

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

Compensation process for top official annually, the board of directors reviews the current compensation agreement with the executive director and amends as it sees fit based on comparable salaries for the area and position.

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

Compensation process for officers all other employees are reviewed by the executive director on an annual basis.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Texas Greyhound Association Inc
EIN
75-2254010
Phone
2548574377
Address
PO BOX 40, LORENA, TX 76655-0040

Signing Officer

Name
Lois Mowery
Title
Executive Director
Phone
2548574377
Signed
2017-11-15

Organization Details

Principal Officer
Lois Mowery
Formed
1985
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
3

Preparer

Firm
Gindler Chappell Morrison & Co Pc
Address
100 E ANDERSON LANE STE 250, AUSTIN, TX 78752
Preparer
Derek Kirby
Phone
5128339600
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

SCHOLARSHIP FUND 0

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

SCHOLARSHIP FUND 0

Raw XML Appendix386 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/PYRevenuesLessExpensesAmt015354
IRS990/PYSalariesCompEmpBnftPaidAmt0116443
IRS990/PYTotalExpensesAmt0318721
IRS990/PYTotalRevenueAmt0334075
IRS990/ReconcilationRevenueExpnssAmt0-128028
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/Form1120POLFiledInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0117250
IRS990ScheduleD/BuildingsGrp/DepreciationAmt080804
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0198054
IRS990ScheduleD/EquipmentGrp/BookValueAmt01255
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0123702
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0124957
IRS990ScheduleD/ExpensesSubtotalAmt0503589
IRS990ScheduleD/LandGrp/BookValueAmt054071
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt054071
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01102987
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CUSTODIAL FUNDS HELD FOR OTHERS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt016933
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0652601
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0669534
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01123845
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTODIAL FUNDS HELD FOR OTHERS
IRS990ScheduleD/RevenueSubtotalAmt0375561
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIP FUND 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0189509
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01102987
IRS990ScheduleD/TotalExpensesPerForm990Amt0503589
IRS990ScheduleD/TotalLiabilityAmt01123845
IRS990ScheduleD/TotalRevenuePerForm990Amt0375561
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0375561
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0503589
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0295110
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0VALLEY RACE PARK
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 MADE AVAILABLE TO BOARD MEMBERS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION PROCESS FOR TOP OFFICIAL ANNUALLY, THE BOARD OF DIRECTORS REVIEWS THE CURRENT COMPENSATION AGREEMENT WITH THE EXECUTIVE DIRECTOR AND AMENDS AS IT SEES FIT BASED ON COMPARABLE SALARIES FOR THE AREA AND POSITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION PROCESS FOR OFFICERS ALL OTHER EMPLOYEES ARE REVIEWED BY THE EXECUTIVE DIRECTOR ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SCHOLARSHIP FUND 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01500
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0701621
IRS990/TotalAssetsEOYAmt01588601
IRS990/TotalAssetsGrp/BOYAmt0701621
IRS990/TotalAssetsGrp/EOYAmt01588601
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03000
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0503589
IRS990/TotalFunctionalExpensesGrp/TotalAmt0503589
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0117607
IRS990/TotalLiabilitiesEOYAmt01132615
IRS990/TotalLiabilitiesGrp/BOYAmt0117607
IRS990/TotalLiabilitiesGrp/EOYAmt01132615
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0584014
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0455986
IRS990/TotalOtherCompensationAmt05047
IRS990/TotalProgramServiceRevenueAmt0372206
IRS990/TotalReportableCompFromOrgAmt045941
IRS990/TotalRevenueGrp/ExclusionAmt0355
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0372206
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0375561
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0701621
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01588601
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0582514
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0455986
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 40
IRS990/USAddress/CityNm0LORENA
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd0766550040
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.TGAGREYHOUNDS.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LOIS MOWERY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02548574377
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEXAS GREYHOUND ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0TEXA
ReturnHeader/Filer/EIN0752254010
ReturnHeader/Filer/PhoneNum02548574377
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 40
ReturnHeader/Filer/USAddress/CityNm0LORENA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0766550040
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId09F605537346660F5FBB6025A64F53E28296188F7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DF7FF1F4C125DC1A6E5B5A2E0C559AAAE2D38684
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0742532710
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GINDLER CHAPPELL MORRISON & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 E ANDERSON LANE STE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AUSTIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078752
ReturnHeader/PreparerPersonGrp/PhoneNum05128339600
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEREK KIRBY
ReturnHeader/ReturnTs02017-11-15T16:50:41-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.73$5.18$0.55$0.07$0.31$0.24
2023Summary only. Only limited summary data is available for this year.$5.53$4.75$0.78$0.22$0.32$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.42$3.53$0.89$0.22$0.32$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.20$2.20$0.99$0.84$0.21$0.62
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$0.86$0.37$0.21$0.38$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.37$0.54$0.37$0.35$0.01
2018Summary only. Only limited summary data is available for this year.$0.86$0.33$0.52$0.39$0.42$0.03
2017Summary only. Only limited summary data is available for this year.$1.97$1.41$0.56$0.40$0.30$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.59$1.13$0.46$0.38$0.50$0.13
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.12$0.58$0.33$0.32$0.02
2014Summary only. Only limited summary data is available for this year.$0.61$0.07$0.55$0.34$0.35$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.62$0.07$0.55$0.31$0.40$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.07$0.63$0.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.05$0.62$0.32