Civic Intelligence

Texas Energy Updated Inc

990EZ • Fiscal year 2015 • EIN 46-0825714

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

Organization ProfileWWW.TEXAS ENERGY UPDATE.ORG
12900 Preston Road Suite 424Dallas, TX 75230

(214) 207-0369

Siviq Scores

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

Liabilities / Assets

89th percentile

0.43x

Higher debt load relative to assets than 89% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

0.50x

Higher debt load relative to revenue than 94% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Net Margin

49th percentile

2.4%

Higher net margin than 49% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

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

Source year 2015

Revenue Growth

Score unavailable

No value available

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

Source year 2015

Balance Sheet
Liabilities / Assets89th percentile

Assets

$16,046

No earlier filing loaded for comparison.

Net Assets

$9,095

No earlier filing loaded for comparison.

Liabilities

$6,951

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin49th percentile

Revenue

$13,816

No earlier filing loaded for comparison.

Expenses

$13,484

No earlier filing loaded for comparison.

Net Income

$332

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.

$20K$15K$10K$5.0K$0Assets 2015: $16,046Liabilities 2015: $6,951Net Assets 2015: $9,0952015Assets 2016: $12,825Liabilities 2016: $6,621Net Assets 2016: $6,2042016Assets 2017: $7,416Liabilities 2017: $6,621Net Assets 2017: $7952017Assets 2018: $13,817Liabilities 2018: $6,621Net Assets 2018: $7,1962018Assets 2019: $11,369Liabilities 2019: $0Net Assets 2019: $11,3692019Assets 2020: $13,870Liabilities 2020: $0Net Assets 2020: $13,8702020Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2015

Assets$16,046
Liabilities$6,951
Net Assets$9,095
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20K$10K$0-$10KRevenue 2015: $13,816Expenses 2015: $13,484Net Income 2015: $3322015Revenue 2016: $8,647Expenses 2016: $11,538Net Income 2016: -$2,8912016Revenue 2017: $6,623Expenses 2017: $12,032Net Income 2017: -$5,4092017Revenue 2018: $18,515Expenses 2018: $12,114Net Income 2018: $6,4012018Revenue 2019: $10,999Expenses 2019: $13,447Net Income 2019: -$2,4482019Revenue 2020: $2,500Expenses 2020: $0Net Income 2020: $2,5002020Expenses 2024: $4,1612024

Highlighted filing

2015

Revenue$13,816
Expenses$13,484
Net Income$332
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$13,816
Mission and Program Overview

Mission

ENERGY EDUCATION

Program Services

DescriptionGrantsExpenses
CONDUCTED ANNUAL EDUCATIONAL SYMPOSIUM FOCUSING ON CURRENT EVENTS, REGULATORY ISSUES, AND MARKET UPDATES IMPACTING THE TEXAS ENERGY MARKET.$0$0
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN B HOLDEN JRDirector-$0--
CHRISTINA KITCHENSDirector-$0--
SCOTT LUNSFORDDirector-$0--
Filing and Contact Details

Filer

Filer Name
Texas Energy Update Inc
EIN
46-0825714
Phone
2142070369
Address
12900 PRESTON ROAD SUITE 424, DALLAS, TX 75230

Signing Officer

Name
Christina Kitchens
Title
Director
Phone
2143030369
Signed
2016-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Cliftonlarsonallen Llp
Address
5001 SPRING VALLEY ROAD SUITE 600W, DALLAS, TX 75244
Preparer
Allison Brown
Phone
9723835700
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: venue expenses for symposium. Amount: 13,484.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: a/r - contributions. Beg. Of year amount: 0. End of year amount: 8,518.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: event payables. Beg. Of year amount: 6,951. End of year amount: 6,951.”

Raw XML Appendix106 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TAMARA KAY GOUGH
IRS990EZ/BooksInCareOfDetail/PhoneNum02142070369
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt012900 PRESTON ROAD SUITE 424
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0DALLAS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd075230
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt015714
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt07528
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt08518
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt0332
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt015714
IRS990EZ/Form990TotalAssetsGrp/EOYAmt016046
IRS990EZ/GrossReceiptsAmt013816
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt08763
IRS990EZ/NetAssetsOrFundBalancesEOYAmt09095
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt08763
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt09095
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOHN B HOLDEN JR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CHRISTINA KITCHENS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SCOTT LUNSFORD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt08518
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt013484
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0ENERGY EDUCATION
IRS990EZ/ProgramServiceRevenueAmt05298
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CONDUCTED ANNUAL EDUCATIONAL SYMPOSIUM FOCUSING ON CURRENT EVENTS, REGULATORY ISSUES, AND MARKET UPDATES IMPACTING THE TEXAS ENERGY MARKET.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0TX
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt06951
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt06951
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt013484
IRS990EZ/TotalRevenueAmt013816
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.TEXAS ENERGY UPDATE.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: VENUE EXPENSES FOR SYMPOSIUM. AMOUNT: 13,484.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: A/R - CONTRIBUTIONS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 8,518.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: EVENT PAYABLES. BEG. OF YEAR AMOUNT: 6,951. END OF YEAR AMOUNT: 6,951.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTINA KITCHENS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02143030369
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEXAS ENERGY UPDATE INC
ReturnHeader/Filer/BusinessNameControlTxt0TEXA
ReturnHeader/Filer/EIN0460825714
ReturnHeader/Filer/PhoneNum02142070369
ReturnHeader/Filer/USAddress/AddressLine1Txt012900 PRESTON ROAD SUITE 424
ReturnHeader/Filer/USAddress/CityNm0DALLAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075230
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05001 SPRING VALLEY ROAD SUITE 600W
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DALLAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075244
ReturnHeader/PreparerPersonGrp/PhoneNum09723835700
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALLISON BROWN
ReturnHeader/ReturnTs02016-11-15T10:38:33-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,046
Liabilities
$6,951
Net assets
$9,095
Revenue
$13,816
Expenses
$13,484
Net income
$332
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$4.16
2020Detailed filing. Detailed filing data is available for this year.$13.9$0.00$13.9$2.50$0.00$2.50
2019Detailed filing. Detailed filing data is available for this year.$11.4$0.00$11.4$11.0$13.4$2.45
2018Detailed filing. Detailed filing data is available for this year.$13.8$6.62$7.20$18.5$12.1$6.40
2017Detailed filing. Detailed filing data is available for this year.$7.42$6.62$0.80$6.62$12.0$5.41
2016Detailed filing. Detailed filing data is available for this year.$12.8$6.62$6.20$8.65$11.5$2.89
2015Detailed filing. Detailed filing data is available for this year.$16.0$6.95$9.10$13.8$13.5$0.33