Midland County Livestock Association
- Assets
- $126.4k
- Revenue
- $32.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, TX
- Founding
- 03/2004
- Data as of
- 12/2019
- EIN
- 75-6036325
Organization Overview
Midland County Livestock Association is located in Midland, TX. The organization was established in 2004. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midland County Livestock Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Midland County Livestock Association generated $32.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $40.6k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ORGANIZATION IS TO UNITE IN ONE LOCAL ORGANIZATION CHILDREN WHO ARE INTERESTED IN THE ADVANCEMENT OF LIVESTOCK AND AGRICULTURAL GROWING METHODS AND TO SPONSOR A LIVESTOCK SHOW AND
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE ORGANIZATION IS TO UNITE IN ONE LOCAL ORGANIZATION CHILDREN WHO ARE INTERESTED IN THE ADVANCEMENT OF LIVESTOCK AND AGRICULTURAL GROWING METHODS AND TO SPONSOR A LIVESTOCK SHOW AND AGRICULTURAL EXHIBITION EACH YEAR FOR COMPETION FOR CHILDREN AGES NINE TO NINETEEN SO THAT A FAIR COMPARISON OF THE PROGRESS OF LIVESTOCK AND FARM PRODUCTS OF THE COUNTY CAN BE NOTED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lesley Caughron Treasurer | OfficerTrustee | 0 | $0 |
Jon Ivy Secretary | Officer | 0 | $0 |
Choyr Gilbert President | Officer | 0 | $0 |
Brent Hoover Vice President | Officer | 0 | $0 |
Verlon Smith Director | Trustee | 0 | $0 |
Brent Withers Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,978 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$38,410 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,568 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,055 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,745 |
| Office expenses | $375 |
| Information technology | $1,188 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $465 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $152 |
| Insurance | $908 |
| All other expenses | $11,750 |
| Total functional expenses | $40,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,764 |
| Savings and temporary cash investments | $5,635 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $126,399 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $126,399 |
| Total liabilities and net assets/fund balances | $126,399 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Midland County Livestock Association has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Patsy And Michael Hochman Charitable Foundation Dallas, TX PURPOSE: PROGRAM SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albuquerque International Balloon Fiesta Inc Albuquerque, NM | $13,518,280 | $13,246,865 |
Gentilly Carnival Club Jefferson, LA | $3,366,886 | $4,740,044 |
Expo Center Of Taylor County Abilene, TX | $1,469,726 | $5,612,899 |
Arkansas Livestock Show Assoc Little Rock, AR | $4,870,203 | $5,931,539 |
Fairfield Village Community Inc Houston, TX | $4,878,144 | $5,460,075 |
International Association Of Venue Managers Inc Coppell, TX | $4,566,324 | $3,596,917 |
Petroleum Equipment Institute Tulsa, OK | $10,127,893 | $3,682,039 |
Austin County Fair Association Inc Bellville, TX | $2,038,389 | $3,840,084 |
Washington County Fair Association Brenham, TX | $1,247,052 | $3,262,876 |
Fort Bend County Fair Association Rosenberg, TX | $4,501,051 | $3,840,599 |
Waller County Fair Association Hempstead, TX | $2,847,770 | $3,290,806 |
Burleson County Fair Association Inc Caldwell, TX | $1,136,405 | $2,795,009 |