Civic Intelligence

Southeast Texas Economic Development Foundation Inc.

990 • Fiscal year 2020 • EIN 23-7176101

Oct 01, 2019 to Sep 30, 2020 • Filed on Dec 23, 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

73rd percentile

0.08x

Higher debt load relative to assets than 73% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

0.04x

Higher debt load relative to revenue than 70% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

30th percentile

-8.1%

Higher net margin than 30% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

86th percentile

$27,025

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

25th percentile

-12%

Faster asset growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

70th percentile

5.5%

Faster revenue growth than 70% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$147,273

Down $21,021 (-12%) from 2019

Net Assets

Down

$135,633

Down $21,161 (-13%) from 2019

Liabilities

Up

$11,640

Up $140 (+1.2%) from 2019

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin30th percentile

Revenue

Up

$262,798

Up $13,744 (+5.5%) from 2019

Expenses

Up

$284,086

Up $11,997 (+4.4%) from 2019

Net Income

Up

-$21,288

Up $1,747 (+7.6%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2020

Assets$147,273
Liabilities$11,640
Net Assets$135,633
Open 2020 Filing

Operations Trend

Revenue Growth70th 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

2020

Revenue$262,798
Expenses$284,086
Net Income-$21,288
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Dec 23, 2020
Return Version
2019v5.0
Gross Receipts
$262,798
Mission and Program Overview

Mission

SEE ATTACHED STATEMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$108,581$83,087▼ $25,494
Savings and Temporary Cash Investments$42,173$42,700▲ $527
Prepaid Expenses and Deferred Charges$2,899$14,301▲ $11,402
Accounts Receivable$14,491$7,154▼ $7,337
Land, Buildings, and Equipment, Net$150$31▼ $119
Total Assets$168,294$147,273▼ $21,021
Liabilities
Other Liabilities$11,500$10,000▼ $1,500
Accounts Payable and Accrued Expenses-$1,640-
Total Liabilities$11,500$11,640▲ $140
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$117,516$72,539▼ $44,977
Net Assets With Donor Restrictions$39,278$63,094▲ $23,816
Total Net Assets Fund Balance$156,794$135,633▼ $21,161
Total Liabilities and Net Assets / Fund Balance$168,294$147,273▼ $21,021

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$31$46,314$46,345
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jim RichExec DirectoFT$27,025$27,025
Dale ChampagneSecretaryFT$16,000$16,000

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
$259,108
Investment Income
$527
Other Revenue
$3,163
Change in Net Assets
$-21,288

Audited Revenue Reconciliation

Revenue per Audited Statements
$262,798
Total Revenue per Audited Statements
$262,798
Total Revenue per Form 990
$262,798
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$184,516
Salaries, Compensation, and Employee Benefits$99,570
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$25,815$17,210-$43,025
Other Salaries and Wages$15,750$10,500-$26,250
All Other Expenses$15,199$8,063-$23,262
Comp Disqual Persons$13,931$9,288-$23,219
Other Expenses$16,880$11,023-$16,880
Travel$13,843--$13,843
Fees for Services Accounting-$10,483-$10,483
Advertising$10,098--$10,098
Occupancy-$7,235-$7,235
Payroll Taxes$4,246$2,830-$7,076
Insurance-$5,796-$5,796
Office Expenses-$5,205-$5,205
Depreciation Depletion$246--$246
Total Functional Expenses$196,453$87,633$0$284,086

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$284,086
Expenses per Audited Statements$283,959
Total Expenses per Audited Statements$283,959
Expenses Not Reported on Financial Statements$127
Other Expense Adjustments$127
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$10,000
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 35% controlled entity
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. Also reviewed by audit committee when meeting with auditor at conclusion of audit”

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
2020-12-23
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 127”

Financial Statement Notes

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

“Book / tax depreciation difference 127”

Raw XML AppendixShowing 400 of 462 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/PayrollTaxesGrp/ManagementAndGeneralAmt02830
IRS990/PayrollTaxesGrp/ProgramServicesAmt04246
IRS990/PayrollTaxesGrp/TotalAmt07076
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02899
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014301
IRS990/PrincipalOfficerNm0JIM RICH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0LOAN SERVICING FEES
IRS990/ProgramServiceRevenueGrp/Desc1REGIONAL ECONOMIC DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/Desc2LOAN CLOSING FEES
IRS990/ProgramServiceRevenueGrp/Desc3ADMIN FEES
IRS990/ProgramServiceRevenueGrp/Desc4ESCROW INTEREST
IRS990/ProgramServiceRevenueGrp/ExclusionAmt05614
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt097921
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt176090
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt254483
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt325000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt097921
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt176090
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt254483
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt325000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt45614
IRS990/ProgSrvcAccomActy2Grp/Desc0PROMOTE REGIONAL ECONOMIC DEVELOPMENT WITHIN THE SOUTHEAST TEXAS REGION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt077274
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0101090
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0385
IRS990/PYOtherExpensesAmt0172291
IRS990/PYOtherRevenueAmt0400
IRS990/PYProgramServiceRevenueAmt0248269
IRS990/PYRevenuesLessExpensesAmt0-23035
IRS990/PYSalariesCompEmpBnftPaidAmt099798
IRS990/PYTotalExpensesAmt0272089
IRS990/PYTotalRevenueAmt0249054
IRS990/ReconcilationRevenueExpnssAmt0-21288
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0158018
IRS990/SavingsAndTempCashInvstGrp/BOYAmt042173
IRS990/SavingsAndTempCashInvstGrp/EOYAmt042700
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0527
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0385
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0318
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0287
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0333
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01850
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0256657
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0236453
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0198539
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0200472
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0197014
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01089135
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt05614
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt012216
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt011990
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt07012
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt09923
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt046755
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0527
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0385
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0318
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0287
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0333
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01850
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99840
IRS990ScheduleA/PublicSupportPY509Pct00.99870
IRS990ScheduleA/PublicSupportTotal509Amt01135890
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0262271
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0248669
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0210529
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0207484
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0206937
IRS990ScheduleA/Total509Grp/TotalAmt01135890
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0262798
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0249054
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0210847
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0207771
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0207270
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01137740
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt031
IRS990ScheduleD/EquipmentGrp/DepreciationAmt046314
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt046345
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0127
IRS990ScheduleD/ExpensesSubtotalAmt0283959
IRS990ScheduleD/OtherExpensesNotIncludedAmt0127
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0APPLICANT DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0262798
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 127
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031
IRS990ScheduleD/TotalExpensesPerForm990Amt0284086
IRS990ScheduleD/TotalLiabilityAmt010000
IRS990ScheduleD/TotalRevenuePerForm990Amt0262798
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0262798
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0283959
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY EXECUTIVE DIRECTOR AND SECRETARY BEFORE FILING. ALSO REVIEWED BY AUDIT COMMITTEE WHEN MEETING WITH AUDITOR AT CONCLUSION OF AUDIT
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 127
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/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0168294
IRS990/TotalAssetsEOYAmt0147273
IRS990/TotalAssetsGrp/BOYAmt0168294
IRS990/TotalAssetsGrp/EOYAmt0147273
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$147,273
Liabilities
$11,640
Net assets
$135,633
Revenue
$262,798
Expenses
$284,086
Net income
-$21,288
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