Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Texas Grain Producers Indemnity
EIN 80-0777756 • 501(c)5 • Lubbock, TX
Profile
This entity was created to establish an indemnity fund program, which will mitigate up to 90% of financial losses suffered by producers of corn, sorghum, wheat and soybeans when a financial failure prevents grain buyers from paying for sold/contracted grain or delivering unsold grain. The entity was enabled under hb1840 passed in 2011, and operates under the rules of the texas agriculture code, tile 3, capter 41, subchapter 1 and the texas admistrative code.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on the latest valid filing.
Top Officer Pay
52nd percentile
Higher top officer pay than 52% of similar nonprofits.
Asset Growth
4th percentile
Faster asset growth than 4% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Down$54,948
Down $39,107 (-42%) from 2016
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Down$54,948
Down $39,107 (-42%) from 2016
Revenue
Down$20,000
Down $60,000 (-75%) from 2016
Expenses
Up$59,105
Up $33,573 (+131%) from 2016
Net Income
Down-$39,105
Down $93,573 (-172%) from 2016
Trend Graphs
Filings
Most recent year
2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $54,948
- Liabilities
- -
- Net assets
- $54,948
- Revenue
- $20,000
- Expenses
- $59,105
- Net income
- -$39,105
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2017Detailed filing. Detailed filing data is available for this year. | $0.55 | $0.55 | $0.20 | $0.59 | $0.39 | |
| 2016Detailed filing. Detailed filing data is available for this year. | $0.94 | $0.00 | $0.94 | $0.80 | $0.26 | $0.54 |
| 2013Summary only. Only limited summary data is available for this year. | $0.71 | $0.00 | $1.45 | $0.74 | $0.71 | |
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Feb 1, 2016 to Jan 31, 2017
- Signed
- Aug 4, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $20,000
Mission and Program Overview
Mission
This entity was created to establish an indemnity fund program, which will mitigate up to 90% of financial losses suffered by producers of corn, sorghum, wheat and soybeans when a financial failure prevents grain buyers from paying for sold/contracted grain or delivering unsold grain. The entity was enabled under hb1840 passed in 2011, and operates under the rules of the texas agriculture code, tile 3, capter 41, subchapter 1 and the texas admistrative code.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| CORPORATE CONTRIBUTIONS | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DEE VAUGHAN | Vice Chairma | - | $0 | - | - |
| DANIEL BERGLUND | Chairman/Director | - | $0 | - | - |
| DALE ARTHO | Secretary | - | $0 | - | - |
| GUY BRADY | Director | - | $0 | - | - |
| MITCHELL HARRIS | Treasurer | - | $0 | - | - |
| GARY HOLCOMB | Director | - | $0 | - | - |
| BEN SCHOLZ | Director | - | $0 | - | - |
| BEN WILBLE | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Texas Grain Producers Indemnity
- EIN
- 80-0777756
- Phone
- 8067630327
- Address
- 4205 NORTH INTERSTATE 27, LUBBOCK, TX 79403
Signing Officer
- Name
- Daniel Berglund
- Title
- Chairman/director
- Phone
- 8067632676
- Signed
- 2017-08-04
Preparer
- Firm
- Mcmahon Vinson Bennett Llp
- Address
- 7822 ORLANDO AVE, LUBBOCK, TX 79423-1942
- Preparer
- Jeff Vinson
- Phone
- 8067950470
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses telephone 131 total 131”
Form 990-ez, Part III
“This entity was created to establish an indemnity fund program, which will mitigate up to 90% of financial losses suffered by producers of corn, sorghum, wheat and soybeans when a financial failure prevents grain buyers from paying for sold/contracted grain or delivering unsold grain. The entity was enabled under hb1840 passed in 2011, and operates under the rules of the texas agriculture code, tile 3, capter 41, subchapter 1 and the texas admistrative code.”
Raw XML Appendix127 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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|---|---|---|
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| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8067630327 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 4205 N INTERSTATE 27 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | LUBBOCK |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 79403 |
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| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 54948 |
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| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -39105 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 51461 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 94053 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 54948 |
| IRS990EZ/GrossReceiptsAmt | 0 | 20000 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 94053 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 54948 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 94053 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 54948 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | DEE VAUGHAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DANIEL BERGLUND |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | DALE ARTHO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | GUY BRADY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | MITCHELL HARRIS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | GARY HOLCOMB |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | BEN SCHOLZ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | BEN WILBLE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | VICE CHAIRMA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | CHAIRMAN/DIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | true |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 131 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THIS ENTITY WAS CREATED TO ESTABLISH AN INDEMNITY FUND PROGRAM, WHICH WILL MITIGATE UP TO 90% OF FINANCIAL LOSSES SUFFERED BY PRODUCERS OF CORN, SORGHUM, WHEAT AND SOYBEANS WHEN A FINANCIAL FAILURE PREVENTS GRAIN BUYERS FROM PAYING FOR SOLD/CONTRACTED GRAIN OR DELIVERING UNSOLD GRAIN. THE ENTITY WAS ENABLED UNDER HB1840 PASSED IN 2011, AND OPERATES UNDER THE RULES OF THE TEXAS AGRICULTURE CODE, TILE 3, CAPTER 41, SUBCHAPTER 1 AND THE TEXAS ADMISTRATIVE CODE. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 7513 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | CORPORATE CONTRIBUTIONS |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | TX |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 59105 |
| IRS990EZ/TotalRevenueAmt | 0 | 20000 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationOtherDesc | 0 | STATE AGENCY |
| IRS990EZ/TypeOfOrganizationOtherInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | TEXASGRAININDEMNITY.ORG |
| IRS990ScheduleN/AssetsDistributedInd | 0 | false |
| IRS990ScheduleN/BondsOutstandingInd | 0 | false |
| IRS990ScheduleN/DirectorOfSuccessor2Ind | 0 | false |
| IRS990ScheduleN/DirectorOfSuccessorInd | 0 | false |
| IRS990ScheduleN/EmployeeOfSuccessor2Ind | 0 | false |
| IRS990ScheduleN/EmployeeOfSuccessorInd | 0 | false |
| IRS990ScheduleN/LiabilitiesPaidInd | 0 | false |
| IRS990ScheduleN/OwnerOfSuccessor2Ind | 0 | false |
| IRS990ScheduleN/OwnerOfSuccessorInd | 0 | false |
| IRS990ScheduleN/ReceiveCompensation2Ind | 0 | false |
| IRS990ScheduleN/ReceiveCompensationInd | 0 | false |
| IRS990ScheduleN/RequiredToNotifyAGInd | 0 | false |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES TELEPHONE 131 TOTAL 131 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THIS ENTITY WAS CREATED TO ESTABLISH AN INDEMNITY FUND PROGRAM, WHICH WILL MITIGATE UP TO 90% OF FINANCIAL LOSSES SUFFERED BY PRODUCERS OF CORN, SORGHUM, WHEAT AND SOYBEANS WHEN A FINANCIAL FAILURE PREVENTS GRAIN BUYERS FROM PAYING FOR SOLD/CONTRACTED GRAIN OR DELIVERING UNSOLD GRAIN. THE ENTITY WAS ENABLED UNDER HB1840 PASSED IN 2011, AND OPERATES UNDER THE RULES OF THE TEXAS AGRICULTURE CODE, TILE 3, CAPTER 41, SUBCHAPTER 1 AND THE TEXAS ADMISTRATIVE CODE. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DANIEL BERGLUND |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHAIRMAN/DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8067632676 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-08-04 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | TEXAS GRAIN PRODUCERS INDEMNITY |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | BOARD |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | TEXA |
| ReturnHeader/Filer/EIN | 0 | 800777756 |
| ReturnHeader/Filer/PhoneNum | 0 | 8067630327 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 4205 NORTH INTERSTATE 27 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LUBBOCK |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 79403 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | D4E31BBCAB1B6BAE0053A6AA9CB6613E208E24DB |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | FD87CE0F7AF639F0B7A7AE50FF57CD26321AE5B6 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 751226156 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | MCMAHON VINSON BENNETT LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 7822 ORLANDO AVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | LUBBOCK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 794231942 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8067950470 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2017-08-04 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JEFF VINSON |
| ReturnHeader/ReturnTs | 0 | 2017-08-14T13:57:07-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-02-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-01-31 |
| ReturnHeader/TaxYr | 0 | 2016 |
Document Assets
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