Civic Intelligence

Southeast Texas Economic Development Foundation Inc.

990 • Fiscal year 2023 • EIN 23-7176101

Oct 01, 2022 to Sep 30, 2023 • Filed on Jan 03, 2023

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

0.06x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

77th percentile

0.05x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

48th percentile

2.2%

Higher net margin than 48% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

44th percentile

-1.5%

Faster asset growth than 44% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

49th percentile

3.4%

Faster revenue growth than 49% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$200,730

Down $3,157 (-1.5%) from 2022

Net Assets

Up

$188,633

Up $5,951 (+3.3%) from 2022

Liabilities

Down

$12,097

Down $9,108 (-43%) from 2022

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin48th percentile

Revenue

Up

$267,013

Up $8,772 (+3.4%) from 2022

Expenses

Up

$261,062

Up $19,987 (+8.3%) from 2022

Net Income

Down

$5,951

Down $11,215 (-65%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth44th 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

2023

Assets$200,730
Liabilities$12,097
Net Assets$188,633
Open 2023 Filing

Operations Trend

Revenue Growth49th 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

2023

Revenue$267,013
Expenses$261,062
Net Income$5,951
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Jan 3, 2023
Return Version
2022v5.0
Gross Receipts
$267,013
Mission and Program Overview

Mission

SEE ATTACHED STATEMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$137,572$137,528▼ $44
Savings and Temporary Cash Investments$43,145$43,534▲ $389
Prepaid Expenses and Deferred Charges$15,597$11,691▼ $3,906
Accounts Receivable$7,573$7,977▲ $404
Total Assets$203,887$200,730▼ $3,157
Liabilities
Other Liabilities$15,000$10,000▼ $5,000
Accounts Payable and Accrued Expenses$6,205$2,097▼ $4,108
Total Liabilities$21,205$12,097▼ $9,108
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$70,434$167,213▲ $96,779
Net Assets With Donor Restrictions$112,248$21,420▼ $90,828
Total Net Assets Fund Balance$182,682$188,633▲ $5,951
Total Liabilities and Net Assets / Fund Balance$203,887$200,730▼ $3,157

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$41,495$41,495
Equipment-$4,850$4,850
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Wayne HollandChairman
Kay DecuirVice Chair
Ann ScogginDirector
Bob HamerDirector
Charlie FoxworthDirector
Chris KovatchDirector
David MayDirector
Dean RobinsonDirector
Jeff BranickDirector
Jessica HillDirector
Josh SmithDirector
Karl SeguraDirector
Larry KellyDirector
Pierce HarringtonDirector
Robert TurnerDirector
Jim RichExec Directo
Dale ChampagneSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$248,632
Investment Income
$389
Other Revenue
$17,992
Change in Net Assets
$5,951
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$170,633
Salaries, Compensation, and Employee Benefits$90,429
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$42,001$42,002-$84,003
Advertising$23,204--$23,204
Other Expenses$15,502$12,692-$15,502
All Other Expenses$1,367$14,090-$15,457
Fees for Services Accounting-$12,450-$12,450
Travel$12,142--$12,142
Occupancy-$6,671-$6,671
Payroll Taxes$3,213$3,213-$6,426
Insurance-$5,739-$5,739
Office Expenses$11$3,343-$3,354
Total Functional Expenses$160,862$100,200$0$261,062
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
Yes
Annual disclosure for covered persons
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
2023-01-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Rich
Formed
1998
Legal Domicile
TX
Voting Board Members
15
Independent Board Members
15
Employees
3

Preparer

Firm
Lawrence Blackburn Meek Maxey & Co
Address
2920 EASTEX FWY, BEAUMONT, TX 77703-4643
Preparer
Julia F Hayes
Phone
4098987610
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IRS990/PYOtherExpensesAmt0155439
IRS990/PYOtherRevenueAmt08252
IRS990/PYProgramServiceRevenueAmt0249875
IRS990/PYRevenuesLessExpensesAmt017166
IRS990/PYSalariesCompEmpBnftPaidAmt085636
IRS990/PYTotalExpensesAmt0241075
IRS990/PYTotalRevenueAmt0258241
IRS990/ReconcilationRevenueExpnssAmt05951
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0157466
IRS990/SavingsAndTempCashInvstGrp/BOYAmt043145
IRS990/SavingsAndTempCashInvstGrp/EOYAmt043534
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt021250
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt021250
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0389
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0114
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0331
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0527
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0385
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01746
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0266624
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0258127
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0269935
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0256657
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0236453
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01287796
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt05614
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt012216
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt017830
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0389
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0114
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0331
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0527
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0385
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01746
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99870
IRS990ScheduleA/PublicSupportPY509Pct00.99870
IRS990ScheduleA/PublicSupportTotal509Amt01326876
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0266624
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0258127
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0291185
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0262271
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0248669
IRS990ScheduleA/Total509Grp/TotalAmt01326876
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0267013
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0258241
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0291516
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0262798
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0249054
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01328622
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04850
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04850
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt041495
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt041495
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0APPLICANT DEPOSITS
IRS990ScheduleD/TotalLiabilityAmt010000
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/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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0203887
IRS990/TotalAssetsEOYAmt0200730
IRS990/TotalAssetsGrp/BOYAmt0203887
IRS990/TotalAssetsGrp/EOYAmt0200730
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0100200
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0160862
IRS990/TotalFunctionalExpensesGrp/TotalAmt0261062
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt021205
IRS990/TotalLiabilitiesEOYAmt012097
IRS990/TotalLiabilitiesGrp/BOYAmt021205
IRS990/TotalLiabilitiesGrp/EOYAmt012097
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0182682
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0188633
IRS990/TotalProgramServiceExpensesAmt0160862
IRS990/TotalProgramServiceRevenueAmt0248632
IRS990/TotalRevenueGrp/ExclusionAmt0389
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0266624
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0267013
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0203887
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0200730
IRS990/TravelGrp/ProgramServicesAmt012142
IRS990/TravelGrp/TotalAmt012142
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02210 EASTEX FWY
IRS990/USAddress/CityNm0BEAUMONT
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077703
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$200,730
Liabilities
$12,097
Net assets
$188,633
Revenue
$267,013
Expenses
$261,062
Net income
$5,951
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