Civic Intelligence

Financial Executives International

EIN 74-6061063 • 501(c)6 • Houston, TX

Profile

To provide continuing professional education for CPAs and networking for financial executives in addition to raising the level of business and public awareness of good financial practices, governance, and leadership skills.

1321 Antoine DriveHouston, TX 77055

www.feihouston.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.26x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

0.32x

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

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

52nd percentile

1.8%

Higher net margin than 52% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

88th percentile

37%

Faster asset growth than 88% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

-4.4%

Faster revenue growth than 43% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$307,667

Up $83,884 (+37%) from 2023

Liabilities

Up

$80,933

Up $79,440 (+5321%) from 2023

Net Assets

Up

$226,734

Up $4,444 (+2.0%) from 2023

Revenue

Down

$250,996

Down $11,672 (-4.4%) from 2023

Expenses

Down

$246,552

Down $36,566 (-13%) from 2023

Net Income

Up

$4,444

Up $24,894 (+122%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $184,842Liabilities 2011: $4,376Net Assets 2011: $180,4662011Assets 2012: $213,350Liabilities 2012: $18,500Net Assets 2012: $194,8502012Assets 2013: $200,181Liabilities 2013: $0Net Assets 2013: $200,1812013Assets 2014: $191,777Liabilities 2014: $0Net Assets 2014: $191,7772014Assets 2015: $164,115Liabilities 2015: $0Net Assets 2015: $164,1152015Assets 2016: $219,640Liabilities 2016: $40,000Net Assets 2016: $179,6402016Assets 2017: $206,733Liabilities 2017: $0Net Assets 2017: $206,7332017Assets 2018: $197,270Liabilities 2018: $16,065Net Assets 2018: $181,2052018Assets 2019: $174,103Liabilities 2019: $17,506Net Assets 2019: $156,5972019Assets 2020: $189,956Liabilities 2020: $7,529Net Assets 2020: $182,4272020Assets 2021: $412,922Liabilities 2021: $185,497Net Assets 2021: $227,4252021Assets 2022: $276,509Liabilities 2022: $33,769Net Assets 2022: $242,7402022Assets 2023: $223,783Liabilities 2023: $1,493Net Assets 2023: $222,2902023Assets 2024: $307,667Liabilities 2024: $80,933Net Assets 2024: $226,7342024

Highlighted filing

2024

Assets$307,667
Liabilities$80,933
Net Assets$226,734

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $180,893Expenses 2011: $194,561Net Income 2011: -$13,6682011Expenses 2012: $202,5022012Expenses 2013: $211,9652013Revenue 2014: $221,772Expenses 2014: $230,176Net Income 2014: -$8,4042014Revenue 2015: $219,160Expenses 2015: $246,822Net Income 2015: -$27,6622015Revenue 2016: $221,240Expenses 2016: $205,715Net Income 2016: $15,5252016Revenue 2017: $281,264Expenses 2017: $254,171Net Income 2017: $27,0932017Revenue 2018: $198,797Expenses 2018: $224,325Net Income 2018: -$25,5282018Revenue 2019: $218,247Expenses 2019: $243,750Net Income 2019: -$25,5032019Revenue 2020: $210,369Expenses 2020: $184,539Net Income 2020: $25,8302020Revenue 2021: $126,600Expenses 2021: $81,602Net Income 2021: $44,9982021Revenue 2022: $248,386Expenses 2022: $233,071Net Income 2022: $15,3152022Revenue 2023: $262,668Expenses 2023: $283,118Net Income 2023: -$20,4502023Revenue 2024: $250,996Expenses 2024: $246,552Net Income 2024: $4,4442024

Highlighted filing

2024

Revenue$250,996
Expenses$246,552
Net Income$4,444

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.08$0.81$2.27$2.51$2.47$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.24$0.01$2.22$2.63$2.83$0.20
2022Detailed filing. Detailed filing data is available for this year.$2.77$0.34$2.43$2.48$2.33$0.15
2021Detailed filing. Detailed filing data is available for this year.$4.13$1.85$2.27$1.27$0.82$0.45
2020Detailed filing. Detailed filing data is available for this year.$1.90$0.08$1.82$2.10$1.85$0.26
2019Detailed filing. Detailed filing data is available for this year.$1.74$0.18$1.57$2.18$2.44$0.26
2018Detailed filing. Detailed filing data is available for this year.$1.97$0.16$1.81$1.99$2.24$0.26
2017Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$2.81$2.54$0.27
2016Summary only. Only limited summary data is available for this year.$2.20$0.40$1.80$2.21$2.06$0.16
2015Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$2.19$2.47$0.28
2014Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.92$2.22$2.30$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.00$0.00$2.00$2.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.19$1.95$2.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$0.04$1.80$1.81$1.95$0.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 15, 2024
Return Version
2023v5.0
Gross Receipts
$250,996
Mission and Program Overview

Mission

To provide continuing professional education for CPAs and networking for financial executives in addition to raising the level of business and public awareness of good financial practices, governance, and leadership skills.

Career development programs - Professional development of approximately 200 individuals performing the duties of senior financial and accounting executives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$216,284$288,668▲ $72,384
Rtn Earn Endowment Incm Other Fnds$222,290$226,734▲ $4,444
Accounts Receivable$1,947$11,947▲ $10,000
Prepaid Expenses and Deferred Charges$5,552$7,052▲ $1,500
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$223,783$307,667▲ $83,884
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$1,493$51,834▲ $50,341
Other Liabilities-$29,099-
Total Liabilities$1,493$80,933▲ $79,440
Net Assets / Fund Balance
Total Net Assets Fund Balance$222,290$226,734▲ $4,444
Total Liabilities and Net Assets / Fund Balance$223,783$307,667▲ $83,884
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andrew NatImmediate Past President
Allen GibsonPresident
Mark PetersonPresident Elect
Alan GahmDirector (2021 - 2024)
Johnnie Williams Ph DDirector (2021 - 2024)
Laura FultonDirector (2021 - 2024)
John BriscoeDirector (2022 - 2025)
Kristie OndracekDirector (2022 - 2025)
Paul MarshDirector (2022 - 2025)
Joan LuDirector (2023 - 2026)
Tracy TylerDirector (2023 - 2026)
William DaleDirector (2023 - 2026)
Rita CarrollSecretary
Kirk SprungerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$51,364
Program Service Revenue
$199,500
Investment Income
$132
Other Revenue
$0
All Other Contributions
$6,320
Change in Net Assets
$4,444
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$241,552
Grants and Similar Amounts Paid$5,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$121,923
Fees for Services Management---$62,210
Payments to Affiliates---$29,099
Advertising---$12,187
Office Expenses---$11,951
Grants to Domestic Orgs---$5,000
Information Technology---$1,294
Other Expenses---$1,155
Total Functional Expenses$0$0$0$246,552
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
FEI Scholarship Foundation Golf Tournament$52,271$52,271$11,753$40,518
Total Events$52,271$52,271$23,172$29,099
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due FEI Scholarship Foundation$29,099
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The Form 990 is circulated to Board members for review. Changes identified are incorporated into the return before filing.

Form 990, Part VI, Section C, Line 19

Form 990, Part VI, Section C, Line 19 - The Form 990, the Financial Statements are provided to the Board. The 990 is circulated to all Board members prior to filing with identified changes incorporated in the return before filing. The financial statements are presented quarterly to the Board for review and analysis. The financials are available to the membership upon request. Other documents concerning governorship and policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Financial Executives International
EIN
74-6061063
Phone
7138390808
Address
1321 Antoine Drive, Houston, TX 77055

Signing Officer

Name
Kirk Sprunger
Title
Treasurer
Phone
7133857946
Signed
2024-12-15

Organization Details

Principal Officer
Kirk Sprunger
Formed
1942
Legal Domicile
TX
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
40
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 1

Includes FEI National FERF Contribution of $5,000

Form 990, Part XII, Line 1

The Chapter applies the modified accrual/cash basis of accounting. The Chapter accrues expenses while it treats Strategic Partner Contributions on a cash basis.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/Desc1Greater Houston Partnership Membership Dues
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07052
IRS990/PrincipalOfficerNm0Kirk Sprunger
IRS990/PriorPeriodAdjustmentsAmt00
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IRS990/ProgramServiceRevenueGrp/Desc0Strategic Partner Fees
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FEI Scholarship Foundation Golf Tournament
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is circulated to Board members for review. Changes identified are incorporated into the return before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990, Part VI, Section C, Line 19 - The Form 990, the Financial Statements are provided to the Board. The 990 is circulated to all Board members prior to filing with identified changes incorporated in the return before filing. The financial statements are presented quarterly to the Board for review and analysis. The financials are available to the membership upon request. Other documents concerning governorship and policy are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Includes FEI National FERF Contribution of $5,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Chapter applies the modified accrual/cash basis of accounting. The Chapter accrues expenses while it treats Strategic Partner Contributions on a cash basis.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 1
IRS990ScheduleR/AssetExchangeInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FEI Houston Scholarship Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0161675255
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Provide scholarships in the amount of $5,000 ea
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01321 Antoine Drive
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Houston
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