Civic Intelligence

Hot Concession Services Inc

EIN 82-2150321 • 501(c)3 • Waco, TX

Profile

Food & beverage provider primarily operating at the extraco events center/ heart o' texas fair and rodeo, which supports the scholarship giving of mclennan county fair, inc.

4601 Bosque BlvdWaco, TX 76710

n/A

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.19x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

86th percentile

0.19x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

96th percentile

83%

Higher net margin than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$42,286

No earlier filing loaded for comparison.

Liabilities

$7,857

No earlier filing loaded for comparison.

Net Assets

$34,429

No earlier filing loaded for comparison.

Revenue

$41,299

No earlier filing loaded for comparison.

Expenses

$6,870

No earlier filing loaded for comparison.

Net Income

$34,429

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2018: $42,286Liabilities 2018: $7,857Net Assets 2018: $34,4292018

Highlighted filing

2018

Assets$42,286
Liabilities$7,857
Net Assets$34,429

Operations Trend

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

$60K$40K$20K$0Revenue 2018: $41,299Expenses 2018: $6,870Net Income 2018: $34,4292018

Highlighted filing

2018

Revenue$41,299
Expenses$6,870
Net Income$34,429

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$42.3$7.86$34.4$41.3$6.87$34.4
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$82,840
Mission and Program Overview

Mission

Food & beverage provider primarily operating at the extraco events center/ heart o' texas fair and rodeo, which supports the scholarship giving of mclennan county fair, inc.

Program Services

DescriptionGrantsExpenses
FOOD & BEVERAGE PROVIDER PRIMARILY OPERATING AT THE EXTRACO EVENTS CENTER/ HEART O' TEXAS FAIR AND RODEO, WHICH SUPPORTS THE SCHOLARSHIP GIVING OF MCLENNAN COUNTY FAIR, INC.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CLAYTON HALLVice-PresidentFT$6,870-$6,870
CHRIS KINCAIDPresident-$0--
JD EWING1st Vice-President-$0--
BRENT NEUHAUSSecretary-$0--
MIKE LEWISTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Hot Concession Services Inc
EIN
82-2150321
Phone
2547761660
Address
4601 BOSQUE BLVD, WACO, TX 76710

Signing Officer

Name
Chris Kincaid
Title
President
Phone
2547761660
Signed
2019-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Jaynes Reitmeier Boyd & Therrell Pc
Address
5400 BOSQUE BLVD STE 600, WACO, TX 76710-4459
Preparer
Connie Berry
Phone
2547764190
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 7 - Sales of Inventory

Income: gross receipts: 5,440. Returns and allowances: 0. Less cost of goods sold: 41,541. Gross profit: -36,101. Cost of goods sold: inventory at beginning of year: 0. Merchandise purchased: 0. Cost of labor: 0. Materials and supplies: 33,925. Other costs: 31,020. Inventory at end of year: 23,404. Cost of goods sold: 41,541.

Form 990-ez, Part I, Line 7B - Other Costs

Description: advertising. Amount: 200. Description: commissions. Amount: 18,333. Description: contract labor. Amount: 2,437. Description: credit card fees. Amount: 390. Description: insurance. Amount: 2,239. Description: miscellaneous expense. Amount: 2,903. Description: wages. Amount: 3,864. Description: repairs & maintenance. Amount: 650. Description: depreciation. Amount: 4. Total included on form 990-ez, part i, line 7b: 31,020.

Form 990-ez, Part II, Line 24 - Other Assets

Description: inventory. Beg. Of year amount: 0. End of year amount: 23,404. Description: prepaid expenses. Beg. Of year amount: 0. End of year amount: 10,027. Description: accounts receivable. Beg. Of year amount: 0. End of year amount: 1,809. Description: other depreciable assets. Beg. Of year amount: 0. End of year amount: 112.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 0. End of year amount: 1,872. Description: credit card payable. Beg. Of year amount: 0. End of year amount: 541. Description: payroll tax payable. Beg. Of year amount: 0. End of year amount: 1,277. Description: sales tax payable. Beg. Of year amount: 0. End of year amount: 1,817. Description: simple ira - match. Beg. Of year amount: 0. End of year amount: 1,300. Description: flexible spending account. Beg. Of year amount: 0. End of year amount: 1,050.

Raw XML Appendix167 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INCOME: GROSS RECEIPTS: 5,440. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 41,541. GROSS PROFIT: -36,101. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 0. MERCHANDISE PURCHASED: 0. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 33,925. OTHER COSTS: 31,020. INVENTORY AT END OF YEAR: 23,404. COST OF GOODS SOLD: 41,541.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ADVERTISING. AMOUNT: 200. DESCRIPTION: COMMISSIONS. AMOUNT: 18,333. DESCRIPTION: CONTRACT LABOR. AMOUNT: 2,437. DESCRIPTION: CREDIT CARD FEES. AMOUNT: 390. DESCRIPTION: INSURANCE. AMOUNT: 2,239. DESCRIPTION: MISCELLANEOUS EXPENSE. AMOUNT: 2,903. DESCRIPTION: WAGES. AMOUNT: 3,864. DESCRIPTION: REPAIRS & MAINTENANCE. AMOUNT: 650. DESCRIPTION: DEPRECIATION. AMOUNT: 4. TOTAL INCLUDED ON FORM 990-EZ, PART I, LINE 7B: 31,020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: INVENTORY. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 23,404. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 10,027. DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,809. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 112.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,872. DESCRIPTION: CREDIT CARD PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 541. DESCRIPTION: PAYROLL TAX PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,277. DESCRIPTION: SALES TAX PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,817. DESCRIPTION: SIMPLE IRA - MATCH. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,300. DESCRIPTION: FLEXIBLE SPENDING ACCOUNT. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,050.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 7B - OTHER COSTS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/BusinessOfficerGrp/PhoneNum02547761660
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOT CONCESSION SERVICES INC
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ReturnHeader/Filer/EIN0822150321
ReturnHeader/Filer/PhoneNum02547761660
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ReturnHeader/FilingSecurityInformation/IPTm015:31:01
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JAYNES REITMEIER BOYD & THERRELL PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05400 BOSQUE BLVD STE 600
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ReturnHeader/PreparerPersonGrp/PhoneNum02547764190
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CONNIE BERRY
ReturnHeader/ReturnTs02019-11-15T14:21:17-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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