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
2nd percentile
Higher net margin than 2% of similar nonprofits.
Top Officer Pay
48th percentile
Higher top officer pay than 48% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
3rd percentile
Faster revenue growth than 3% of similar nonprofits.
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 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 94053 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 54948 |
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| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 20000 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| 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 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 1.00 |
| 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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