Civic Intelligence

Spearhead Corporation

EIN 75-2281974 • 501(c)3 • Spearman, TX

Profile

The mission of the Board of the OLoughlin Center is to provide a quality facility and broad-based programming to serve all of the citizens of the surrounding area in a manner which enhances the quality of life. Through visionary, active leadership the Board will establish policies and procedures and provide for financial security.

PO Box 733Spearman, TX 79081

www.oloughlincenter.org

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.01x

Higher debt load relative to assets than 42% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

0.03x

Higher debt load relative to revenue than 56% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

9th percentile

-41%

Higher net margin than 9% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

85th percentile

$51,106

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 29.6% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

25th percentile

-6.1%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

22nd percentile

-12%

Faster revenue growth than 22% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$896,406

Down $58,139 (-6.1%) from 2023

Liabilities

Down

$4,664

Down $123 (-2.6%) from 2023

Net Assets

Down

$891,742

Down $58,016 (-6.1%) from 2023

Revenue

Down

$154,090

Down $20,925 (-12%) from 2023

Expenses

Down

$217,126

Down $2,653 (-1.2%) from 2023

Net Income

Down

-$63,036

Down $18,272 (-41%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $731,922Liabilities 2010: $6,000Net Assets 2010: $725,9222010Assets 2011: $712,117Liabilities 2011: $0Net Assets 2011: $712,1172011Assets 2012: $674,635Liabilities 2012: $0Net Assets 2012: $674,6352012Assets 2013: $761,555Liabilities 2013: $6,451Net Assets 2013: $755,1042013Assets 2014: $740,484Liabilities 2014: $4,320Net Assets 2014: $736,1642014Assets 2015: $783,142Liabilities 2015: $4,385Net Assets 2015: $778,7572015Assets 2016: $872,205Liabilities 2016: $147,847Net Assets 2016: $724,3582016Assets 2017: $830,907Liabilities 2017: $9,348Net Assets 2017: $821,5592017Assets 2018: $808,783Liabilities 2018: $3,180Net Assets 2018: $805,6032018Assets 2019: $827,934Liabilities 2019: $3,378Net Assets 2019: $824,5562019Assets 2020: $829,417Liabilities 2020: $1,603Net Assets 2020: $827,8142020Assets 2021: $1,109,846Liabilities 2021: $6,221Net Assets 2021: $1,103,6252021Assets 2022: $990,709Liabilities 2022: $5,715Net Assets 2022: $984,9942022Assets 2023: $954,545Liabilities 2023: $4,787Net Assets 2023: $949,7582023Assets 2024: $896,406Liabilities 2024: $4,664Net Assets 2024: $891,7422024

Highlighted filing

2024

Assets$896,406
Liabilities$4,664
Net Assets$891,742

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $301,7742010Expenses 2011: $255,0272011Expenses 2012: $237,6272012Revenue 2013: $267,101Expenses 2013: $199,710Net Income 2013: $67,3912013Revenue 2014: $194,563Expenses 2014: $213,503Net Income 2014: -$18,9402014Revenue 2015: $255,528Expenses 2015: $212,935Net Income 2015: $42,5932015Revenue 2016: $166,066Expenses 2016: $220,465Net Income 2016: -$54,3992016Revenue 2017: $328,197Expenses 2017: $230,996Net Income 2017: $97,2012017Revenue 2018: $215,681Expenses 2018: $231,637Net Income 2018: -$15,9562018Revenue 2019: $263,685Expenses 2019: $244,732Net Income 2019: $18,9532019Revenue 2020: $242,696Expenses 2020: $239,438Net Income 2020: $3,2582020Revenue 2021: $257,207Expenses 2021: $237,794Net Income 2021: $19,4132021Revenue 2022: $172,384Expenses 2022: $243,885Net Income 2022: -$71,5012022Revenue 2023: $175,015Expenses 2023: $219,779Net Income 2023: -$44,7642023Revenue 2024: $154,090Expenses 2024: $217,126Net Income 2024: -$63,0362024

Highlighted filing

2024

Revenue$154,090
Expenses$217,126
Net Income-$63,036

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.00$0.89$0.15$0.22$0.06
2023Summary only. Only limited summary data is available for this year.$0.95$0.00$0.95$0.18$0.22$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.01$0.98$0.17$0.24$0.07
2021Summary only. Only limited summary data is available for this year.$1.11$0.01$1.10$0.26$0.24$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.00$0.83$0.24$0.24$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.00$0.82$0.26$0.24$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.00$0.81$0.22$0.23$0.02
2017Summary only. Only limited summary data is available for this year.$0.83$0.01$0.82$0.33$0.23$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.15$0.72$0.17$0.22$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$0.00$0.78$0.26$0.21$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.19$0.21$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.76$0.01$0.76$0.27$0.20$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.00$0.67$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.00$0.71$0.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.01$0.73$0.30
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 31, 2023
Return Version
2022v5.0
Gross Receipts
$200,908
Mission and Program Overview

Mission

The mission of the Board of the OLoughlin Center is to provide a quality facility and broad-based programming to serve all of the citizens of the surrounding area in a manner which enhances the quality of life. Through visionary, active leadership the Board will establish policies and procedures and provide for financial security.

The mission of the board of the o'loughlin center is to provide a quality facility and broad-based programming to serve all of the citizens of the surrounding area in a manner which enhances their quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$704,276$658,450▼ $45,826
Investments Program Related$307,465$254,834▼ $52,631
Cash and Non-Interest-Bearing Accounts$90,301$70,316▼ $19,985
Accounts Receivable$3,632$3,624▼ $8
Prepaid Expenses and Deferred Charges$3,911$3,225▼ $686
Total Assets$1,109,845$990,709▼ $119,136
Other Assets Total$260$260→ $0
Liabilities
Accounts Payable and Accrued Expenses$6,221$5,715▼ $506
Total Liabilities$6,221$5,715▼ $506
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,078,624$981,944▼ $96,680
Net Assets With Donor Restrictions$25,000$3,050▼ $21,950
Total Net Assets Fund Balance$1,103,624$984,994▼ $118,630
Total Liabilities and Net Assets / Fund Balance$1,109,845$990,709▼ $119,136

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$525,168$865,277$1,390,445
Equipment$49,782$137,266$187,048
Land$83,500-$83,500
Investment Program Related Org$254,834--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$307,465-▼ $40,125$11,397$254,834
2021$275,265-▲ $45,247$11,421$307,465
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Keilee GoodheartExecutive DiFT$51,106$51,106

Board Members and Trustees

NameTitle
Ashlyn GrotegutDirector
Cari BeauchampDirector
Jayli HughesDirector
Justin ParkerDirector
Manny MendozaDirector
Sammie HarkeyDirector
Susan PearsonDirector
Timber LomeliDirector
Tindle RamonCorp. Presid
Verna Lee ShirleyExecutive Am
Jackie PearsonExecutive Co
Patti SchnellExecutive Co
Angie SonnenbergSecretary
Andrew ParsleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$120,720
Program Service Revenue
$21,867
Investment Income
$10,357
Other Revenue
$19,440
All Other Contributions
$85,350
Change in Net Assets
$-71,501
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$131,385
Salaries, Compensation, and Employee Benefits$112,500
Total Fundraising Expense$11,378
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$50,583$1,037$1,626$53,246
Current Officers, Directors, Trustees, and Key Employees$30,664$12,777$7,665$51,106
Depreciation Depletion$43,527$2,293-$45,820
Occupancy$40,735$4,524-$45,259
Insurance$13,013$723$723$14,459
Payroll Taxes$6,344$1,079$725$8,148
Fees for Services Accounting-$6,874-$6,874
Office Expenses$2,233$3,326$639$6,198
Other Expenses$100--$100
Conferences and Meetings$81--$81
All Other Expenses$61--$61
Total Functional Expenses$199,874$32,633$11,378$243,885
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$36,402
Fundraising Direct Expenses$28,524
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pot O Gold$36,840$13,590$235$13,355
Golf Tournament$18,212$7,787$1,598$6,189
Total Events$71,772$36,402$28,524$7,878
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Earl GoodheartFil to Exec DirRepairs at Fair RateNo-
Jackie PearsonSil to SusanBoth Are OfficersNo-
Patti SchnellDil to VernaBoth Are OfficersNo-
Susan PearsonSil to JackieBoth Are OfficersNo-
Verna ShirleyMil to PattiBoth Are OfficersNo-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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 2

Jackie pearson susan pearson exec committ director in-laws patti schnell verna lee shirley exec committ exec ameritu in-laws

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

The form 990 tax return is reviewed by all officers of the organization and a copy provided to all directors before filing. Any changes are given to the cpa before return is finalized and filed.

Form 990, Page 6, Part VI, Line 12C

The executive committee routinely reviews all signed conflict of interest disclosures by board members and employees each year and any conflicts are reviewed and acted upon according to the nature of the conflict.

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

The board of directors review resume's and other related documents and qualifications of individuals interviewed for the executive director position at the center. The qualifications of each candidate are then compared to budgeted compensation for the position and reviewed in relation to comparable data from similar organizations, local industry standards and though input from local foundations. Other employees are interviewed by the executive director and approved by the board in similar fashion through review of qualifications and comparisons to similar poiitons in the area.

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

Other employees are interviewed by the executive director and approved by the board in similar fashion through review of qualifications and comparisons to similar poiitons in the area.

Form 990, Page 6, Part VI, Line 19

All governing documents and financial statements are made available to the public upon request at the o'loughlin center at 502 s brandt, spearman, tx 79081

Filing and Contact Details

Filer

Filer Name
Spearhead Corporation
EIN
75-2281974
Phone
8066593030
Address
PO BOX 733, SPEARMAN, TX 79081
Doing Business As
O'LOUGHLIN CENTER

Signing Officer

Name
Keilee Goodheart
Title
Executive Director
Phone
8066593030
Signed
2023-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keilee Goodheart
Formed
1989
Legal Domicile
TX
Voting Board Members
14
Independent Board Members
14
Employees
13
Volunteers
90

Preparer

Firm
Conder Kletchka & Associates Pllc
Address
2201 CIVIC CIR STE 418, AMARILLO, TX 79109-1842
Preparer
Rusty E Roush CPA
Phone
8066228233
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The o'loughlin center's mission is to provide a quality facility and broad-based programming to serve all of the citizens of the surrounding area in a manner which enhances their quality of life. Through visionary and active leadership the board will establish policies and procedures that provide long-term financial security for organization.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The endowment funds of the organization were originally set aside to help maintain the facilities and programs at the center as related to senior citizens and to an extent the entire surrounding community.

Raw XML AppendixShowing 400 of 566 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
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt06221
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05715
IRS990/AccountsReceivableGrp/BOYAmt03632
IRS990/AccountsReceivableGrp/EOYAmt03624
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE MISSION OF THE BOARD OF THE O'LOUGHLIN CENTER IS TO PROVIDE A QUALITY FACILITY AND BROAD-BASED PROGRAMMING TO SERVE ALL OF THE CITIZENS OF THE SURROUNDING AREA IN A MANNER WHICH ENHANCES THEIR QUALITY OF LIFE.
IRS990/AllOtherContributionsAmt085350
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IRS990/AllOtherExpensesGrp/TotalAmt061
IRS990/AnnualDisclosureCoveredPrsnInd0true
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IRS990/BooksInCareOfDetail/PersonNm0KEILEE GOODHEART
IRS990/BooksInCareOfDetail/PhoneNum08066593030
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 733
IRS990/BooksInCareOfDetail/USAddress/CityNm0SPEARMAN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd079081
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0true
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt090301
IRS990/CashNonInterestBearingGrp/EOYAmt070316
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt07665
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt012777
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt030664
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt051106
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt081
IRS990/ConferencesMeetingsGrp/TotalAmt081
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
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IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0120720
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt010357
IRS990/CYOtherExpensesAmt0131385
IRS990/CYOtherRevenueAmt019440
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0172384
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
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IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt02293
IRS990/DepreciationDepletionGrp/ProgramServicesAmt043527
IRS990/DepreciationDepletionGrp/TotalAmt045820
IRS990/Desc0SPEARHEAD CORPORATION WAS FORMED TO BUILD AND OPERATE A COMMUNITY CENTER FOR THE CITY OF SPEARMAN, TEXAS. THE COMMUNITY CENTER CONTAINS A GYM, MEETING ROOMS AND KITCHEN THAT ARE USED BY YOUTH, ADULT AND SENIOR CITIZEN GROUPS. PERSONS SERVED APPROXIMATELY 50,000 IN THE COMMUNITY AND IN EXCESS OF 1,773 DIRECT WITHIN PROGRAMS OF THE CENTER .
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
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IRS990/DoingBusinessAsName/BusinessNameLine1Txt0O'LOUGHLIN CENTER
IRS990/DonorAdvisedFundInd0false
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IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt013
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0199874
IRS990/FamilyOrBusinessRlnInd0true
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IRS990/Form990PartVIISectionAGrp/PersonNm3SAMMIE HARKEY
IRS990/Form990PartVIISectionAGrp/PersonNm4JAYLI HUGHES
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IRS990/Form990PartVIISectionAGrp/PersonNm8ANDREW PARSLEY
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IRS990/Form990PartVIISectionAGrp/PersonNm10SUSAN PEARSON
IRS990/Form990PartVIISectionAGrp/PersonNm11TINDLE RAMON
IRS990/Form990PartVIISectionAGrp/PersonNm12PATTI SCHNELL
IRS990/Form990PartVIISectionAGrp/PersonNm13VERNA LEE SHIRLEY
IRS990/Form990PartVIISectionAGrp/PersonNm14ANGIE SONNENBERG
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