Overview
What is Northeast Texas Livestock Association?
The Northeast Texas Livestock Association is a charitable, religious, educational, and scientific nonprofit organization situated in Sulphur Springs, Texas. Established with the purpose of encouraging, developing, and training young individuals to become responsible and productive citizens, the association achieves this goal through animal agriculture projects. The association's mission is to recognize and reward the efforts of numerous young people towards excellence. By participating in these projects, the members of the association aim to foster dynamism, honesty, and productivity among its members. The association operates largely by making distributions to other 501(c)(3) exempt organizations, furthering its charitable intentions. The Northeast Texas Livestock Association primarily hosts junior livestock shows and market sales, junior dairy shows, and offers scholarships to its members.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
The Northeast Texas Livestock Association has received a low rating of 56%, indicating significant concerns regarding its accountability and financial transparency. Notably, the organization has no independent board members, which raises questions about oversight and governance. Additionally, the absence of financial statements and key policies such as a whistleblower policy further contributes to its low score.
On a positive note, the organization maintains a strong program expense ratio of 100%, suggesting that it allocates all its expenses towards its programs. This highlights a commitment to its mission, though it is contrasted by the lack of transparency in financial reporting. The organization also has a conflict of interest policy in place, which is a positive aspect of its governance practices.
However, the absence of a website listed on its tax form and missing documents related to retention, destruction, and financial disclosures indicate areas needing improvement. Overall, the Northeast Texas Livestock Association shows dedication to its purpose but must enhance its governance and transparency to build trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Northeast Texas Livestock Association legitimate?
Northeast Texas Livestock Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northeast Texas Livestock Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Northeast Texas Livestock Association?
The Northeast Texas Livestock Association exists with the purpose of encouraging, developing, and training young individuals to become dynamic, honest, and productive citizens. They achieve this by involving the youth in animal agriculture projects. The association's primary goal is to recognize and reward as many young people as possible for their efforts towards excellence. The Northeast Texas Livestock Association is organized exclusively for charitable, religious, educational, and scientific purposes. It makes distributions to organizations that qualify as exempt under Section 501(c)(3) of the Internal Revenue Code or its corresponding section in any future federal tax code.
Who is the CEO of Northeast Texas Livestock Association?
Kevin Gibson is the President of Northeast Texas Livestock Association.
What is the revenue of Northeast Texas Livestock Association?
Northeast Texas Livestock Association's revenue in 2022 was $696,934.
Who are the executives of Northeast Texas Livestock Association and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
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Where can I find the form 990 for Northeast Texas Livestock Association?
Northeast Texas Livestock Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northeast Texas Livestock Association
The Northeast Texas Livestock Association, in its mission, aims to inspire, foster, and cultivate young individuals to become responsible, honest, and productive citizens. It accomplishes this goal by engaging them in animal agriculture projects. The association's primary objective is to recognize and reward as many young people as possible for their dedication and hard work towards excellence. The Northeast Texas Livestock Association is established for charitable, religious, educational, and scientific purposes. It fulfills these purposes by making donations to organizations that fall under Section 501(c)(3) of the Internal Revenue Code or any future corresponding section of the federal tax code.
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Impact
July, 2024
The impact of the Northeast Texas Livestock Association is evident in the development and encouragement of young people to become dynamic, honest, and productive citizens through participation in animal agriculture projects. By organizing events like the Junior Livestock Show & Market Sale and Junior Dairy Shows, this organization provides a platform for youth to showcase their hard work and dedication. Additionally, the association's focus on rewarding young individuals for their efforts towards excellence fosters a sense of achievement and motivation among participants. Overall, the Northeast Texas Livestock Association plays a vital role in shaping the future of young people in the community through its commitment to charitable, educational, and scientific purposes.
This information is meant to be a general summary of Northeast Texas Livestock Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $16
- Program Service Revenue: $696,918
- Gross Receipts: $696,934
Assets and Liabilities:
- Total Assets: $87,109
- Total Liabilities: $0
- Net Assets: $87,109
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MARKET SALE
Revenue
$675,033
DAIRY CLASSIC
Revenue
$21,885
Organization Details
Founding Year
2003
Phone
(903) 885-3443Principal Officer
Kevin Gibson
Main Address
PO BOX 1587, SULPHUR SPRINGS, TX, 754831587
NTEE Category
Code: K26 - Food
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