Civic Intelligence

Texas Energy Updated Inc

990EZ • Fiscal year 2016 • EIN 46-0825714

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 13, 2017

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

91st percentile

0.52x

Higher debt load relative to assets than 91% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

0.77x

Higher debt load relative to revenue than 97% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

8th percentile

-33%

Higher net margin than 8% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

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.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

16th percentile

-20%

Faster asset growth than 16% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

7th percentile

-37%

Faster revenue growth than 7% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$12,825

Down $3,221 (-20%) from 2015

Net Assets

Down

$6,204

Down $2,891 (-32%) from 2015

Liabilities

Down

$6,621

Down $330 (-4.7%) from 2015

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin8th percentile

Revenue

Down

$8,647

Down $5,169 (-37%) from 2015

Expenses

Down

$11,538

Down $1,946 (-14%) from 2015

Net Income

Down

-$2,891

Down $3,223 (-971%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

2016

Assets$12,825
Liabilities$6,621
Net Assets$6,204
Open 2016 Filing

Operations Trend

Revenue Growth7th percentile

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

2016

Revenue$8,647
Expenses$11,538
Net Income-$2,891
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$8,647
Mission and Program Overview

Mission

ENERGY EDUCATION

Program Services

DescriptionGrantsExpenses
CONDUCTED AN ANNUAL EDUCATIONAL SYMPOSIUM FOCUSING ON CURRENT EVENTS, REGULATORY ISSUES, AND MARKET UPDATES IMPACTING THE TEXAS ENERGY MARKET. IN 2016, THERE WERE 106 ATTENDEES.$0$11,238
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
2017-11-13
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: 11,238.”

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

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

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

“Description: event payables. Beg. Of year amount: 6,951. End of year amount: 6,621.”

Raw XML Appendix116 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/BOYAmt07528
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt012825
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt05000
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-2891
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0300
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt016046
IRS990EZ/Form990TotalAssetsGrp/EOYAmt012825
IRS990EZ/GrossReceiptsAmt08647
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt09095
IRS990EZ/NetAssetsOrFundBalancesEOYAmt06204
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt09095
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt06204
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/BOYAmt08518
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt011238
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0ENERGY EDUCATION
IRS990EZ/ProgramServiceRevenueAmt03647
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CONDUCTED AN ANNUAL EDUCATIONAL SYMPOSIUM FOCUSING ON CURRENT EVENTS, REGULATORY ISSUES, AND MARKET UPDATES IMPACTING THE TEXAS ENERGY MARKET. IN 2016, THERE WERE 106 ATTENDEES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt011238
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0TX
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt06951
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt06621
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt011538
IRS990EZ/TotalProgramServiceExpensesAmt011238
IRS990EZ/TotalRevenueAmt08647
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.TEXAS ENERGY UPDATE.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: VENUE EXPENSES FOR SYMPOSIUM. AMOUNT: 11,238.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: A/R - CONTRIBUTIONS. BEG. OF YEAR AMOUNT: 8,518. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: EVENT PAYABLES. BEG. OF YEAR AMOUNT: 6,951. END OF YEAR AMOUNT: 6,621.
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/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTINA KITCHENS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02143030369
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-13
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0A78CD26141F57C8840FBEC3782FDEC5649A42A9D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId096D79D528C2215BE6F492FFEF68EA7E177A44A5C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.137.57.251
ReturnHeader/FilingSecurityInformation/IPDt02017-11-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm013:33:29
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/ReturnTs02017-11-14T16:49:38-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,825
Liabilities
$6,621
Net assets
$6,204
Revenue
$8,647
Expenses
$11,538
Net income
-$2,891
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