Civic Intelligence

Texas Energy Updated Inc

990EZ • Fiscal year 2019 • EIN 46-0825714

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 29, 2020

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

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

12th percentile

-22%

Higher net margin than 12% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

18th percentile

-18%

Faster asset growth than 18% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-41%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets47th percentile

Assets

Down

$11,369

Down $2,448 (-18%) from 2018

Net Assets

Up

$11,369

Up $4,173 (+58%) from 2018

Liabilities

Down

$0

Down $6,621 (-100%) from 2018

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin12th percentile

Revenue

Down

$10,999

Down $7,516 (-41%) from 2018

Expenses

Up

$13,447

Up $1,333 (+11%) from 2018

Net Income

Down

-$2,448

Down $8,849 (-138%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth18th 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

2019

Assets$11,369
Liabilities$0
Net Assets$11,369
Open 2019 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

2019

Revenue$10,999
Expenses$13,447
Net Income-$2,448
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 29, 2020
Return Version
2019v5.1
Gross Receipts
$10,999
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 2019, THERE WERE 105 ATTENDEES.$7,500$12,997
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN B HOLDEN JRDirector-$0--
Filing and Contact Details

Filer

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

Signing Officer

Name
Tamara Gough
Title
Manager
Phone
2143030369
Signed
2020-10-29
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: 12,997.”

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

“Description: prior period adjustment. Amount: 6,621.”

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

“Description: food services -next year event. Beg. Of year amount: 0. End of year amount: 3,500.”

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

“Description: event payables. Beg. Of year amount: 6,621. End of year amount: 0.”

Raw XML Appendix107 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/BOYAmt013817
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt07869
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt07500
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-2448
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0450
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt013817
IRS990EZ/Form990TotalAssetsGrp/EOYAmt011369
IRS990EZ/GrossReceiptsAmt010999
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt07196
IRS990EZ/NetAssetsOrFundBalancesEOYAmt011369
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt07196
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt011369
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOHN B HOLDEN JR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt03500
IRS990EZ/OtherChangesInNetAssetsAmt06621
IRS990EZ/OtherExpensesTotalAmt012997
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0ENERGY EDUCATION
IRS990EZ/ProgramServiceRevenueAmt03499
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CONDUCTED AN ANNUAL EDUCATIONAL SYMPOSIUM FOCUSING ON CURRENT EVENTS, REGULATORY ISSUES, AND MARKET UPDATES IMPACTING THE TEXAS ENERGY MARKET. IN 2019, THERE WERE 105 ATTENDEES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt07500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt012997
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0TX
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt06621
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt013447
IRS990EZ/TotalProgramServiceExpensesAmt012997
IRS990EZ/TotalRevenueAmt010999
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.TEXAS ENERGY UPDATE.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: SYMPOSIUM COSTS. AMOUNT: 12,997.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: PRIOR PERIOD ADJUSTMENT. AMOUNT: 6,621.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: FOOD SERVICES -NEXT YEAR EVENT. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 3,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: EVENT PAYABLES. BEG. OF YEAR AMOUNT: 6,621. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 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/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TAMARA GOUGH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum02143030369
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEXAS ENERGY UPDATED 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/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId004F9829768B09E7D6462AEDB9A52D6514112DDA7
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.137.57.251
ReturnHeader/FilingSecurityInformation/IPDt02020-10-29
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:37:31
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/PreparationDt02020-10-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALLISON BROWN
ReturnHeader/ReturnTs02020-11-12T11:22:04-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,369
Liabilities
$0
Net assets
$11,369
Revenue
$10,999
Expenses
$13,447
Net income
-$2,448
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