Civic Intelligence

Texas Grain Producers Indemnity Board

990EZ • Fiscal year 2016 • EIN 80-0777756

Feb 01, 2015 to Jan 31, 2016 • Filed on May 11, 2016

Organization ProfileTEXASGRAININDEMNITY.ORG
4205 North Interstate 27Lubbock, TX 79403

(806) 763-0327

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)5 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)5 • <$500k nonprofits • Source year 2016

Net Margin

99th percentile

68%

Higher net margin than 99% of similar nonprofits.

2016 filings • 501(c)5 • <$500k nonprofits • Source year 2016

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)5 • <$500k nonprofits • Source year 2016

Asset Growth

69th percentile

10%

Faster asset growth than 69% of similar nonprofits.

2016 filings • 501(c)5 • <$500k nonprofits • Annualized from 2013 to 2016

Revenue Growth

11th percentile

-18%

Faster revenue growth than 11% of similar nonprofits.

2016 filings • 501(c)5 • <$500k nonprofits • Annualized from 2013 to 2016

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$94,055

Up $23,418 (+33%) from 2013

Net Assets

$94,055

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin99th percentile

Revenue

Down

$80,000

Down $64,500 (-45%) from 2013

Expenses

Down

$25,532

Down $48,331 (-65%) from 2013

Net Income

Down

$54,468

Down $16,169 (-23%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

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

$100K$50K$0Assets 2013: $70,637Liabilities 2013: $02013Assets 2016: $94,055Liabilities 2016: $0Net Assets 2016: $94,0552016Assets 2017: $54,948Net Assets 2017: $54,9482017

Highlighted filing

2016

Assets$94,055
Liabilities$0
Net Assets$94,055
Open 2016 Filing

Operations Trend

Revenue Growth11th percentile

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

$150K$100K$50K$0-$50KRevenue 2013: $144,500Expenses 2013: $73,863Net Income 2013: $70,6372013Revenue 2016: $80,000Expenses 2016: $25,532Net Income 2016: $54,4682016Revenue 2017: $20,000Expenses 2017: $59,105Net Income 2017: -$39,1052017

Highlighted filing

2016

Revenue$80,000
Expenses$25,532
Net Income$54,468
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Feb 1, 2015 to Jan 31, 2016
Signed
May 11, 2016
Return Version
2015v2.1
Gross Receipts
$80,000
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

DescriptionGrantsExpenses
CORPORATE CONTRIBUTIONS--
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DEE VAUGHANVice Chairma-$0--
DANIEL BERGLUNDChairman/Director-$0--
DALE ARTHOSecretary-$0--
GUY BRADYDirector-$0--
MITCHELL HARRISTreasurer-$0--
GARY HOLCOMBDirector-$0--
BEN SCHOLZDirector-$0--
BEN WILBLEDirector-$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
2016-05-11

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 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 Appendix108 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0ANGIE MARTIN
IRS990EZ/BooksInCareOfDetail/PhoneNum08067630327
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt04205 N INTERSTATE 27
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LUBBOCK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd079403
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt039587
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt094055
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt080000
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt054468
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt025532
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt039587
IRS990EZ/Form990TotalAssetsGrp/EOYAmt094055
IRS990EZ/GrossReceiptsAmt080000
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt039587
IRS990EZ/NetAssetsOrFundBalancesEOYAmt094055
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt039587
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt094055
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt61.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt71.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DEE VAUGHAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DANIEL BERGLUND
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DALE ARTHO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3GUY BRADY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MITCHELL HARRIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5GARY HOLCOMB
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6BEN SCHOLZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7BEN WILBLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0VICE CHAIRMA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CHAIRMAN/DIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THIS 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/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CORPORATE CONTRIBUTIONS
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0TX
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt025532
IRS990EZ/TotalRevenueAmt080000
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationOtherDesc0STATE AGENCY
IRS990EZ/TypeOfOrganizationOtherInd0X
IRS990EZ/WebsiteAddressTxt0TEXASGRAININDEMNITY.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS 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/FormAndLineReferenceDesc0FORM 990-EZ, PART III
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL BERGLUND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN/DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08067632676
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEXAS GRAIN PRODUCERS INDEMNITY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0BOARD
ReturnHeader/Filer/BusinessNameControlTxt0TEXA
ReturnHeader/Filer/EIN0800777756
ReturnHeader/Filer/PhoneNum08067630327
ReturnHeader/Filer/USAddress/AddressLine1Txt04205 NORTH INTERSTATE 27
ReturnHeader/Filer/USAddress/CityNm0LUBBOCK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079403
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0751226156
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCMAHON VINSON BENNETT LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07822 ORLANDO AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LUBBOCK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0794231942
ReturnHeader/PreparerPersonGrp/PhoneNum08067950470
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFF VINSON
ReturnHeader/ReturnTs02016-05-17T08:33:21-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-02-01
ReturnHeader/TaxPeriodEndDt02016-01-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$94,055
Liabilities
$0
Net assets
$94,055
Revenue
$80,000
Expenses
$25,532
Net income
$54,468
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet 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