Civic Intelligence

Southeast Texas Economic Development Foundation Inc.

990 • Fiscal year 2017 • EIN 23-7176101

Oct 01, 2016 to Sep 30, 2017 • Filed on Jan 18, 2018

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

77th percentile

0.10x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

82nd percentile

0.11x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

36th percentile

-1.5%

Higher net margin than 36% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

90th percentile

$41,261

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 19.9% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

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

Source year 2017

Revenue Growth

Score unavailable

No value available

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

Source year 2017

Balance Sheet
Liabilities / Assets77th percentile

Assets

$228,783

No earlier filing loaded for comparison.

Net Assets

$206,755

No earlier filing loaded for comparison.

Liabilities

$22,028

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin36th percentile

Revenue

$207,771

No earlier filing loaded for comparison.

Expenses

$210,973

No earlier filing loaded for comparison.

Net Income

-$3,202

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

2017

Assets$228,783
Liabilities$22,028
Net Assets$206,755
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2017

Revenue$207,771
Expenses$210,973
Net Income-$3,202
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jan 18, 2018
Return Version
2016v3.0
Gross Receipts
$207,771
Mission and Program Overview

Mission

SEE ATTACHED STATEMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$162,299$173,314▲ $11,015
Savings and Temporary Cash Investments$41,205$41,476▲ $271
Accounts Receivable$8,649$6,252▼ $2,397
Prepaid Expenses and Deferred Charges$6,997$5,275▼ $1,722
Land, Buildings, and Equipment, Net$6,755$2,466▼ $4,289
Total Assets$225,905$228,783▲ $2,878
Liabilities
Other Liabilities$13,000$19,500▲ $6,500
Accounts Payable and Accrued Expenses$1,183$2,528▲ $1,345
Total Liabilities$14,183$22,028▲ $7,845
Net Assets / Fund Balance
Unrestricted Net Assets$172,951$158,452▼ $14,499
Temporarily Rstr Net Assets$38,771$48,303▲ $9,532
Total Net Assets Fund Balance$211,722$206,755▼ $4,967
Total Liabilities and Net Assets / Fund Balance$225,905$228,783▲ $2,878

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,466$43,879$46,345
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Cheryl KizerSecretaryFT$41,261$41,261
Jim RichExec DirectoPT$24,000$24,000

Board Members and Trustees

NameTitle
Steve GranthamChairman
Charlie FoxworthVice Chair
Ann ScogginDirector
Bob HamerDirector
Dean RobinsonDirector
Gene ArnoldDirector
Jessica HillDirector
Joe DeshotelDirector
John MorrellDirector
Larry KellyDirector
Nada RogersDirector
Regina LindseyDirector
Robert TurnerDirector
Wayne HollandDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$207,484
Investment Income
$287
Other Revenue
$0
Change in Net Assets
$-3,202

Audited Revenue Reconciliation

Revenue per Audited Statements
$207,771
Total Revenue per Audited Statements
$207,771
Total Revenue per Form 990
$207,771
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$166,555
Salaries, Compensation, and Employee Benefits$44,418
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$26,651$17,767-$44,418
Payments to Affiliates$25,800$10,266-$36,066
Advertising$18,760--$18,760
Travel$15,743--$15,743
All Other Expenses$7,171$4,958-$12,129
Fees for Services Accounting-$7,530-$7,530
Insurance-$6,615-$6,615
Other Expenses$4,230$2,300-$6,530
Office Expenses$778$4,150-$4,928
Depreciation Depletion$3,298--$3,298
Total Functional Expenses$134,744$76,229$0$210,973

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$212,738
Expenses per Audited Statements$210,973
Total Expenses per Form 990$210,973
Expenses Not Reported on Form 990$1,765
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$19,500
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
2018-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Rich
Formed
1998
Legal Domicile
TX
Voting Board Members
14
Independent Board Members
14
Employees
1

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 -1,765”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“Book / tax depreciation difference 1,765”

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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/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0128296
IRS990/SavingsAndTempCashInvstGrp/BOYAmt041205
IRS990/SavingsAndTempCashInvstGrp/EOYAmt041476
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0287
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0333
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0121
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01029
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0313
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02083
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0200472
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0197014
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0252730
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0269748
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0288744
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01208708
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt07012
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt09923
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt02978
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt01015
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt020929
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0287
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0333
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0121
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01029
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0313
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02083
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99830
IRS990ScheduleA/PublicSupportPY509Pct00.99840
IRS990ScheduleA/PublicSupportTotal509Amt01229637
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0207484
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0206937
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0255708
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0270763
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0288745
IRS990ScheduleA/Total509Grp/TotalAmt01229637
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0207771
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0207270
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0255829
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0271792
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0289058
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01231720
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt02466
IRS990ScheduleD/EquipmentGrp/DepreciationAmt043879
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt046345
IRS990ScheduleD/ExpensesNotReportedAmt01765
IRS990ScheduleD/ExpensesSubtotalAmt0210973
IRS990ScheduleD/OtherExpensesIncludedAmt01765
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0APPLICANT DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0207771
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 1,765
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02466
IRS990ScheduleD/TotalExpensesPerForm990Amt0210973
IRS990ScheduleD/TotalLiabilityAmt019500
IRS990ScheduleD/TotalRevenuePerForm990Amt0207771
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0207771
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0212738
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 -1,765
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/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt038771
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt048303
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0225905
IRS990/TotalAssetsEOYAmt0228783
IRS990/TotalAssetsGrp/BOYAmt0225905
IRS990/TotalAssetsGrp/EOYAmt0228783
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt076229
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0134744
IRS990/TotalFunctionalExpensesGrp/TotalAmt0210973
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014183
IRS990/TotalLiabilitiesEOYAmt022028
IRS990/TotalLiabilitiesGrp/BOYAmt014183
IRS990/TotalLiabilitiesGrp/EOYAmt022028
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0211722
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0206755
IRS990/TotalProgramServiceExpensesAmt0134744
IRS990/TotalProgramServiceRevenueAmt0207484
IRS990/TotalReportableCompFromOrgAmt065261
IRS990/TotalRevenueGrp/ExclusionAmt07299
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0200472
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0207771
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0225905
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0228783
IRS990/TravelGrp/ProgramServicesAmt015743
IRS990/TravelGrp/TotalAmt015743
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0172951
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0158452
IRS990/UponRequestInd0X

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$228,783
Liabilities
$22,028
Net assets
$206,755
Revenue
$207,771
Expenses
$210,973
Net income
-$3,202
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