Civic Intelligence

Southeast Texas Economic Development Foundation Inc.

990 • Fiscal year 2019 • EIN 23-7176101

Oct 01, 2018 to Sep 30, 2019 • Filed on Jan 08, 2020

Organization ProfileWWW.SETEDF.ORG
2210 Eastex FrwyBeaumont, TX 77703

(409) 838-6585

Siviq Scores

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

Liabilities / Assets

76th percentile

0.07x

Higher debt load relative to assets than 76% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

77th percentile

0.05x

Higher debt load relative to revenue than 77% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

25th percentile

-9.2%

Higher net margin than 25% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

96th percentile

$68,075

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 27.3% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

21st percentile

-19%

Faster asset growth than 21% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

71st percentile

18%

Faster revenue growth than 71% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$168,294

Down $38,732 (-19%) from 2018

Net Assets

Down

$156,794

Down $20,991 (-12%) from 2018

Liabilities

Down

$11,500

Down $17,741 (-61%) from 2018

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin25th percentile

Revenue

Up

$249,054

Up $38,207 (+18%) from 2018

Expenses

Up

$272,089

Up $31,745 (+13%) from 2018

Net Income

Up

-$23,035

Up $6,462 (+22%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$300K$200K$100K$0Assets 2017: $228,783Liabilities 2017: $22,028Net Assets 2017: $206,7552017Assets 2018: $207,026Liabilities 2018: $29,241Net Assets 2018: $177,7852018Assets 2019: $168,294Liabilities 2019: $11,500Net Assets 2019: $156,7942019Assets 2020: $147,273Liabilities 2020: $11,640Net Assets 2020: $135,6332020Assets 2021: $170,769Liabilities 2021: $5,253Net Assets 2021: $165,5162021Assets 2022: $203,887Liabilities 2022: $21,205Net Assets 2022: $182,6822022Assets 2023: $200,730Liabilities 2023: $12,097Net Assets 2023: $188,6332023Assets 2024: $219,529Liabilities 2024: $13,149Net Assets 2024: $206,3802024Assets 2025: $248,456Liabilities 2025: $6,502Net Assets 2025: $241,9542025

Highlighted filing

2019

Assets$168,294
Liabilities$11,500
Net Assets$156,794
Open 2019 Filing

Operations Trend

Revenue Growth71st percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2017: $207,771Expenses 2017: $210,973Net Income 2017: -$3,2022017Revenue 2018: $210,847Expenses 2018: $240,344Net Income 2018: -$29,4972018Revenue 2019: $249,054Expenses 2019: $272,089Net Income 2019: -$23,0352019Revenue 2020: $262,798Expenses 2020: $284,086Net Income 2020: -$21,2882020Revenue 2021: $291,516Expenses 2021: $261,633Net Income 2021: $29,8832021Revenue 2022: $258,241Expenses 2022: $241,075Net Income 2022: $17,1662022Revenue 2023: $267,013Expenses 2023: $261,062Net Income 2023: $5,9512023Revenue 2024: $280,779Expenses 2024: $263,032Net Income 2024: $17,7472024Revenue 2025: $306,584Expenses 2025: $271,010Net Income 2025: $35,5742025

Highlighted filing

2019

Revenue$249,054
Expenses$272,089
Net Income-$23,035
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jan 8, 2020
Return Version
2018v3.1
Gross Receipts
$249,054
Mission and Program Overview

Mission

SEE ATTACHED STATEMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$153,650$108,581▼ $45,069
Savings and Temporary Cash Investments$41,789$42,173▲ $384
Accounts Receivable$7,393$14,491▲ $7,098
Prepaid Expenses and Deferred Charges$3,867$2,899▼ $968
Land, Buildings, and Equipment, Net$327$150▼ $177
Total Assets$207,026$168,294▼ $38,732
Liabilities
Other Liabilities$22,000$11,500▼ $10,500
Accounts Payable and Accrued Expenses$7,241--
Total Liabilities$29,241$11,500▼ $17,741
Net Assets / Fund Balance
Unrestricted Net Assets$127,172$117,516▼ $9,656
Temporarily Rstr Net Assets$50,613$39,278▼ $11,335
Total Net Assets Fund Balance$177,785$156,794▼ $20,991
Total Liabilities and Net Assets / Fund Balance$207,026$168,294▼ $38,732

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$150$46,194$46,344
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Cheryl KizerSecretaryFT$68,075$68,075
Jim RichExec DirectoFT$24,000$24,000

Board Members and Trustees

NameTitle
Charlie FoxworthChairman
Wayne HollandVice Chair
Ann ScogginDirector
Bob HamerDirector
Dean RobinsonDirector
Gary FoxworthDirector
Gene ArnoldDirector
Jeff BranickDirector
Jessica HillDirector
John MorrellDirector
Karl SeguraDirector
Kay DecuirDirector
Larry KellyDirector
Robert TurnerDirector
Steve GranthamDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$248,269
Investment Income
$385
Other Revenue
$400
Change in Net Assets
$-23,035

Audited Revenue Reconciliation

Revenue per Audited Statements
$249,054
Total Revenue per Audited Statements
$249,054
Total Revenue per Form 990
$249,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$172,291
Salaries, Compensation, and Employee Benefits$99,798
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$55,624$37,082-$92,706
All Other Expenses$21,355$5,659-$27,014
Advertising$25,241--$25,241
Other Expenses$9,952$7,971-$9,952
Travel$9,749--$9,749
Fees for Services Accounting-$8,083-$8,083
Conferences and Meetings$7,918--$7,918
Occupancy-$7,235-$7,235
Payroll Taxes$4,255$2,837-$7,092
Insurance-$5,923-$5,923
Office Expenses$514$5,229-$5,743
Depreciation Depletion$2,220--$2,220
Total Functional Expenses$192,070$80,019$0$272,089

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$272,089
Expenses per Audited Statements$270,046
Total Expenses per Audited Statements$270,046
Expenses Not Reported on Financial Statements$2,043
Other Expense Adjustments$2,043
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Applicant Deposits$11,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Reviewed by executive director and secretary before filing.”

Form 990, Page 6, Part VI, Line 12C

“If a member has a conflict of interest, then that member is not allowed to vote on the related policy.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Southeast Texas Economic
EIN
23-7176101
Phone
4098386585
Address
2210 EASTEX FRWY, BEAUMONT, TX 77703

Signing Officer

Name
Jim Rich
Title
Exec Director
Phone
4098386581
Signed
2020-01-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Rich
Formed
1998
Legal Domicile
TX
Voting Board Members
17
Independent Board Members
17
Employees
2

Preparer

Firm
Lawrence Blackburn Meek Maxey & Co
Address
2920 EASTEX FWY, BEAUMONT, TX 77703-4643
Preparer
Julia F Hayes
Phone
4098987610
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Book / tax depreciation difference 2,043”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

“Book / tax depreciation difference 2,043”

Raw XML AppendixShowing 400 of 463 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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IRS990/ProgramServiceRevenueGrp/Desc3ESCROW INTEREST
IRS990/ProgramServiceRevenueGrp/ExclusionAmt012216
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0124431
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt186622
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt225000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0124431
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt186622
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt225000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt312216
IRS990/ProgSrvcAccomActy2Grp/Desc0PROMOTE REGIONAL ECONOMIC DEVELOPMENT WITHIN THE SOUTHEAST TEXAS REGION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt097957
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt086622
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0318
IRS990/PYOtherExpensesAmt0146620
IRS990/PYProgramServiceRevenueAmt0210529
IRS990/PYRevenuesLessExpensesAmt0-29497
IRS990/PYSalariesCompEmpBnftPaidAmt093724
IRS990/PYTotalExpensesAmt0240344
IRS990/PYTotalRevenueAmt0210847
IRS990/ReconcilationRevenueExpnssAmt0-23035
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0161647
IRS990/SavingsAndTempCashInvstGrp/BOYAmt041789
IRS990/SavingsAndTempCashInvstGrp/EOYAmt042173
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0385
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0318
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0287
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0333
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0121
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01444
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0236453
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0198539
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0200472
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0197014
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0252730
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01085208
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt012216
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt011990
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt07012
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt09923
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt02978
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt044119
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0385
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0318
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0287
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0333
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0121
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01444
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99870
IRS990ScheduleA/PublicSupportPY509Pct00.99820
IRS990ScheduleA/PublicSupportTotal509Amt01129327
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0248669
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0210529
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0207484
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0206937
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0255708
IRS990ScheduleA/Total509Grp/TotalAmt01129327
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0249054
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0210847
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0207771
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0207270
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0255829
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01130771
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0150
IRS990ScheduleD/EquipmentGrp/DepreciationAmt046194
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt046344
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02043
IRS990ScheduleD/ExpensesSubtotalAmt0270046
IRS990ScheduleD/OtherExpensesNotIncludedAmt02043
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0APPLICANT DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0249054
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 2,043
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0150
IRS990ScheduleD/TotalExpensesPerForm990Amt0272089
IRS990ScheduleD/TotalLiabilityAmt011500
IRS990ScheduleD/TotalRevenuePerForm990Amt0249054
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0249054
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0270046
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY EXECUTIVE DIRECTOR AND SECRETARY BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IF A MEMBER HAS A CONFLICT OF INTEREST, THEN THAT MEMBER IS NOT ALLOWED TO VOTE ON THE RELATED POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK / TAX DEPRECIATION DIFFERENCE 2,043
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt050613
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt039278
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0207026
IRS990/TotalAssetsEOYAmt0168294
IRS990/TotalAssetsGrp/BOYAmt0207026
IRS990/TotalAssetsGrp/EOYAmt0168294
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt080019
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0192070
IRS990/TotalFunctionalExpensesGrp/TotalAmt0272089
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt029241
IRS990/TotalLiabilitiesEOYAmt011500
IRS990/TotalLiabilitiesGrp/BOYAmt029241

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$168,294
Liabilities
$11,500
Net assets
$156,794
Revenue
$249,054
Expenses
$272,089
Net income
-$23,035
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.48$0.07$2.42$3.07$2.71$0.36
2024Detailed filing. Detailed filing data is available for this year.$2.20$0.13$2.06$2.81$2.63$0.18
2023Detailed filing. Detailed filing data is available for this year.$2.01$0.12$1.89$2.67$2.61$0.06
2022Detailed filing. Detailed filing data is available for this year.$2.04$0.21$1.83$2.58$2.41$0.17
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.05$1.66$2.92$2.62$0.30
2020Detailed filing. Detailed filing data is available for this year.$1.47$0.12$1.36$2.63$2.84$0.21
2019Detailed filing. Detailed filing data is available for this year.$1.68$0.12$1.57$2.49$2.72$0.23
2018Detailed filing. Detailed filing data is available for this year.$2.07$0.29$1.78$2.11$2.40$0.29
2017Detailed filing. Detailed filing data is available for this year.$2.29$0.22$2.07$2.08$2.11$0.03