Civic Intelligence

Texas Energy Updated Inc

990EZ • Fiscal year 2018 • EIN 46-0825714

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 12, 2019

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

0.48x

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

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

91st percentile

0.36x

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

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Net Margin

93rd percentile

35%

Higher net margin than 93% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Asset Growth

95th percentile

86%

Faster asset growth than 95% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

98th percentile

180%

Faster revenue growth than 98% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$13,817

Up $6,401 (+86%) from 2017

Net Assets

Up

$7,196

Up $6,401 (+805%) from 2017

Liabilities

Flat

$6,621

Flat from 2017

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin93rd percentile

Revenue

Up

$18,515

Up $11,892 (+180%) from 2017

Expenses

Up

$12,114

Up $82 (+0.7%) from 2017

Net Income

Up

$6,401

Up $11,810 (+218%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2018

Assets$13,817
Liabilities$6,621
Net Assets$7,196
Open 2018 Filing

Operations Trend

Revenue Growth98th 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

2018

Revenue$18,515
Expenses$12,114
Net Income$6,401
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$18,515
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 2018, THERE WERE 100 ATTENDEES.$12,500$11,414
Compensation and Service Providers
Top Officer Pay70th 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
2019-11-12
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: symposium costs. Amount: 11,414.”

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

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

Raw XML Appendix112 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/BOYAmt07416
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt013817
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt012500
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt06401
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0700
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt07416
IRS990EZ/Form990TotalAssetsGrp/EOYAmt013817
IRS990EZ/GrossReceiptsAmt018515
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0795
IRS990EZ/NetAssetsOrFundBalancesEOYAmt07196
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0795
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt07196
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/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt011414
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0ENERGY EDUCATION
IRS990EZ/ProgramServiceRevenueAmt06015
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CONDUCTED AN ANNUAL EDUCATIONAL SYMPOSIUM FOCUSING ON CURRENT EVENTS, REGULATORY ISSUES, AND MARKET UPDATES IMPACTING THE TEXAS ENERGY MARKET. IN 2018, THERE WERE 100 ATTENDEES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt012500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt011414
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0TX
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt06621
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt06621
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt012114
IRS990EZ/TotalProgramServiceExpensesAmt011414
IRS990EZ/TotalRevenueAmt018515
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.TEXAS ENERGY UPDATE.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: SYMPOSIUM COSTS. AMOUNT: 11,414.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: EVENT PAYABLES. BEG. OF YEAR AMOUNT: 6,621. 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 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/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTINA KITCHENS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02143030369
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-12
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/AtSubmissionCreationDeviceId000BC933E0E20A89725972DE20ACDE4ACB1566A2A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CD9691E6246E35602B78F9D4F53E5FF68A98E4CC
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.137.57.251
ReturnHeader/FilingSecurityInformation/IPDt02019-11-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm011:25:42
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/ReturnTs02019-11-14T13:17:11-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$13,817
Liabilities
$6,621
Net assets
$7,196
Revenue
$18,515
Expenses
$12,114
Net income
$6,401
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