Civic Intelligence

Southeast Texas Economic Development Foundation Inc.

990 • Fiscal year 2018 • EIN 23-7176101

Oct 01, 2017 to Sep 30, 2018 • Filed on Jan 16, 2019

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

81st percentile

0.14x

Higher debt load relative to assets than 81% of similar nonprofits.

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

Liabilities / Revenue

85th percentile

0.14x

Higher debt load relative to revenue than 85% of similar nonprofits.

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

Net Margin

20th percentile

-14%

Higher net margin than 20% of similar nonprofits.

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

Top Officer Pay

94th percentile

$57,711

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 27.4% of source-year revenue.

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

Asset Growth

30th percentile

-9.5%

Faster asset growth than 30% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

51st percentile

1.5%

Faster revenue growth than 51% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$207,026

Down $21,757 (-9.5%) from 2017

Net Assets

Down

$177,785

Down $28,970 (-14%) from 2017

Liabilities

Up

$29,241

Up $7,213 (+33%) from 2017

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin20th percentile

Revenue

Up

$210,847

Up $3,076 (+1.5%) from 2017

Expenses

Up

$240,344

Up $29,371 (+14%) from 2017

Net Income

Down

-$29,497

Down $26,295 (-821%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth30th 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

2018

Assets$207,026
Liabilities$29,241
Net Assets$177,785
Open 2018 Filing

Operations Trend

Revenue Growth51st 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

2018

Revenue$210,847
Expenses$240,344
Net Income-$29,497
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Jan 16, 2019
Return Version
2017v2.3
Gross Receipts
$210,847
Mission and Program Overview

Mission

SEE ATTACHED STATEMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$173,314$153,650▼ $19,664
Savings and Temporary Cash Investments$41,476$41,789▲ $313
Accounts Receivable$6,252$7,393▲ $1,141
Prepaid Expenses and Deferred Charges$5,275$3,867▼ $1,408
Land, Buildings, and Equipment, Net$2,466$327▼ $2,139
Total Assets$228,783$207,026▼ $21,757
Liabilities
Other Liabilities$19,500$22,000▲ $2,500
Accounts Payable and Accrued Expenses$2,528$7,241▲ $4,713
Total Liabilities$22,028$29,241▲ $7,213
Net Assets / Fund Balance
Unrestricted Net Assets$158,452$127,172▼ $31,280
Temporarily Rstr Net Assets$48,303$50,613▲ $2,310
Total Net Assets Fund Balance$206,755$177,785▼ $28,970
Total Liabilities and Net Assets / Fund Balance$228,783$207,026▼ $21,757

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$327$41,167$41,494
Equipment-$4,850$4,850
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Cheryl KizerSecretaryFT$57,711$57,711
Jim RichExec Directo-$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
Larry KellyDirector
Nada RogersDirector
Robert TurnerDirector
Shaun DavisDirector
Steve GranthamDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$210,529
Investment Income
$318
Other Revenue
$0
Change in Net Assets
$-29,497

Audited Revenue Reconciliation

Revenue per Audited Statements
$210,847
Total Revenue per Audited Statements
$210,847
Total Revenue per Form 990
$210,847
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$146,620
Salaries, Compensation, and Employee Benefits$93,724
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$60,461$28,308-$88,769
All Other Expenses$16,368$5,895-$22,263
Conferences and Meetings$11,398--$11,398
Other Expenses$10,494$9,879-$10,494
Advertising$9,929--$9,929
Travel$9,135--$9,135
Fees for Services Accounting-$7,465-$7,465
Insurance-$6,449-$6,449
Office Expenses$191$6,010-$6,201
Payroll Taxes$2,974$1,981-$4,955
Depreciation Depletion$2,666--$2,666
Total Functional Expenses$167,122$73,222$0$240,344

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$240,344
Expenses per Audited Statements$239,816
Total Expenses per Audited Statements$239,816
Expenses Not Reported on Financial Statements$528
Other Expense Adjustments$528
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$22,000
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
2019-01-16
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
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 528”

Financial Statement Notes

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

“Book / tax depreciation difference 528”

Raw XML AppendixShowing 400 of 454 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/TotalRevenueColumnAmt211990
IRS990/ProgSrvcAccomActy2Grp/Desc0PROMOTE REGIONAL ECONOMIC DEVELOPMENT WITHIN THE SOUTHEAST TEXAS REGION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0100108
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0102418
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0287
IRS990/PYOtherExpensesAmt0166555
IRS990/PYProgramServiceRevenueAmt0207484
IRS990/PYRevenuesLessExpensesAmt0-3202
IRS990/PYSalariesCompEmpBnftPaidAmt044418
IRS990/PYTotalExpensesAmt0210973
IRS990/PYTotalRevenueAmt0207771
IRS990/ReconcilationRevenueExpnssAmt0-29497
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0108111
IRS990/SavingsAndTempCashInvstGrp/BOYAmt041476
IRS990/SavingsAndTempCashInvstGrp/EOYAmt041789
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0318
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0287
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0333
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0121
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01029
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02088
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0198539
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0200472
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0197014
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0252730
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0269748
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01118503
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt011990
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt07012
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt09923
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt02978
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt01015
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt032918
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0318
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0287
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0333
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0121
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01029
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02088
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99820
IRS990ScheduleA/PublicSupportPY509Pct00.99830
IRS990ScheduleA/PublicSupportTotal509Amt01151421
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0210529
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0207484
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0206937
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0255708
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0270763
IRS990ScheduleA/Total509Grp/TotalAmt01151421
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0210847
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0207771
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0207270
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0255829
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0271792
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01153509
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04850
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04850
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0528
IRS990ScheduleD/ExpensesSubtotalAmt0239816
IRS990ScheduleD/OtherExpensesNotIncludedAmt0528
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0327
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt041167
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt041494
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0APPLICANT DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0210847
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 528
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0327
IRS990ScheduleD/TotalExpensesPerForm990Amt0240344
IRS990ScheduleD/TotalLiabilityAmt022000
IRS990ScheduleD/TotalRevenuePerForm990Amt0210847
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0210847
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0239816
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 528
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/BOYAmt048303
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt050613
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0228783
IRS990/TotalAssetsEOYAmt0207026
IRS990/TotalAssetsGrp/BOYAmt0228783
IRS990/TotalAssetsGrp/EOYAmt0207026
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt073222
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0167122
IRS990/TotalFunctionalExpensesGrp/TotalAmt0240344
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt022028
IRS990/TotalLiabilitiesEOYAmt029241
IRS990/TotalLiabilitiesGrp/BOYAmt022028
IRS990/TotalLiabilitiesGrp/EOYAmt029241
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0206755
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0177785
IRS990/TotalProgramServiceExpensesAmt0167122
IRS990/TotalProgramServiceRevenueAmt0210529
IRS990/TotalReportableCompFromOrgAmt081711
IRS990/TotalRevenueGrp/ExclusionAmt012308
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0198539
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0210847

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$207,026
Liabilities
$29,241
Net assets
$177,785
Revenue
$210,847
Expenses
$240,344
Net income
-$29,497
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