Civic Intelligence

Groveton Economic Development Corporation Committee 4A

990EZ • Fiscal year 2022 • EIN 75-2967955

Oct 01, 2021 to Sep 30, 2022 • Filed on Apr 27, 2023

Organization ProfileN/A
PO Box 563Groveton, TX 75845

(936) 642-1122

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

85th percentile

26%

Higher net margin than 85% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

55th percentile

2.8%

Faster asset growth than 55% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

5th percentile

-53%

Faster revenue growth than 5% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$290,115

Up $7,918 (+2.8%) from 2021

Net Assets

Up

$290,115

Up $7,918 (+2.8%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin85th percentile

Revenue

Down

$30,049

Down $34,077 (-53%) from 2021

Expenses

Up

$22,131

Up $2,810 (+15%) from 2021

Net Income

Down

$7,918

Down $36,887 (-82%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2010: $137,303Net Assets 2010: $137,3032010Assets 2011: $173,929Liabilities 2011: $02011Assets 2021: $282,197Net Assets 2021: $282,1972021Assets 2022: $290,115Net Assets 2022: $290,1152022Assets 2023: $255,106Net Assets 2023: $255,1062023Assets 2024: $301,489Net Assets 2024: $301,4892024

Highlighted filing

2022

Assets$290,115
Liabilities-
Net Assets$290,115
Open 2022 Filing

Operations Trend

Revenue Growth5th percentile

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

$150K$100K$50K$0-$50KRevenue 2010: $49,769Expenses 2010: $37,958Net Income 2010: $11,8112010Revenue 2011: $39,863Expenses 2011: $3,237Net Income 2011: $36,6262011Revenue 2021: $64,126Expenses 2021: $19,321Net Income 2021: $44,8052021Revenue 2022: $30,049Expenses 2022: $22,131Net Income 2022: $7,9182022Revenue 2023: $65,824Expenses 2023: $100,833Net Income 2023: -$35,0092023Revenue 2024: $76,644Expenses 2024: $30,261Net Income 2024: $46,3832024

Highlighted filing

2022

Revenue$30,049
Expenses$22,131
Net Income$7,918
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Apr 27, 2023
Return Version
2021v4.1
Gross Receipts
$74,880
Mission and Program Overview

Mission

Promote, assist, and enhance economic development activities and quality of life opportunities within the city and its extraterritorial jurisdiction that promote economic development

Program Services

DescriptionGrantsExpenses
PROMOTE, ASSIST, AND ENHANCE ECONOMIC DEVELOPMENT ACTIVITIES AND QUALTIY OF LIFE OPPORTUNITIES WITHIN THE CITY AND ITS EXTRATERRITORIAL JURISDICTION THAT PROMOTE ECONOMIC DEVELOPMENT--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
GORDON BERGMANPresident-$0--
JAMES ALFORDSecretary-$0--
EDGAR JABO WESTVice President-$0--
TOMMY WALTONTreasurer-$0--
JOE SCOTT EVANSBoard Member-$0--
JOE DON KENNEDYBoard Member-$0--
JASON DUEBoard Member-$0--
BENNY MCCLAINBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Groveton Economic Development
EIN
75-2967955
Address
PO BOX 563, GROVETON, TX 75845

Signing Officer

Name
Tommy Walton
Title
Treasurer
Signed
2023-04-27
Discuss with paid preparer
Yes

Preparer

Firm
Todd Hamaker & Johnson LLP
Address
517 S 1st St, Lufkin, TX 75901
Preparer
Kim Johnson CPA
Phone
9366328181
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $130”

Other Expenses.1002

“Office Expenses $1079”

Other Expenses.1007

“Conferences, Conventions, and Meetings $550”

Other Expenses.1

“Dues and subscriptions $125”

Other Expenses.2

“MISC OTHER EXPENSE $9”

Other Assets.1005

“Accounts Receivable - Beginning $12904 Accounts Receivable - Ending $12000”

Other Assets.1009

“Notes and Loans Receivable - Beginning $8250 Notes and Loans Receivable - Ending $5500”

Raw XML Appendix143 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.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GROVETON
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IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0261043
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0GORDON BERGMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JAMES ALFORD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2EDGAR JABO WEST
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3TOMMY WALTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JOE SCOTT EVANS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5JOE DON KENNEDY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JASON DUE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7BENNY MCCLAIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt021154
IRS990EZ/OtherAssetsTotalDetail/EOYAmt017500
IRS990EZ/OtherExpensesTotalAmt01893
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROMOTE, ASSIST, AND ENHANCE ECONOMIC DEVELOPMENT ACTIVITIES AND QUALITY OF LIFE OPPORTUNITIES WITHIN THE CITY AND ITS EXTRATERRITORIAL JURISDICTION THAT PROMOTE ECONOMIC DEVELOPMENT
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROMOTE, ASSIST, AND ENHANCE ECONOMIC DEVELOPMENT ACTIVITIES AND QUALTIY OF LIFE OPPORTUNITIES WITHIN THE CITY AND ITS EXTRATERRITORIAL JURISDICTION THAT PROMOTE ECONOMIC DEVELOPMENT
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt017868
IRS990EZ/SaleOfAssetsGrossAmt05127
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt022131
IRS990EZ/TotalRevenueAmt030049
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $130
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $1079
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Conferences, Conventions, and Meetings $550
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DUES AND SUBSCRIPTIONS $125
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MISC OTHER EXPENSE $9
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Accounts Receivable - Beginning $12904 Accounts Receivable - Ending $12000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Notes and Loans Receivable - Beginning $8250 Notes and Loans Receivable - Ending $5500
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0TOMMY WALTON
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ReturnHeader/PreparerPersonGrp/PhoneNum09366328181
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ReturnHeader/ReturnTs02023-04-27T11:56:57-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TOMMY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WALTON
ReturnHeader/TaxPeriodBeginDt02021-10-01
ReturnHeader/TaxPeriodEndDt02022-09-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$290,115
Liabilities
-
Net assets
$290,115
Revenue
$30,049
Expenses
$22,131
Net income
$7,918
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.01$3.01$0.77$0.30$0.46
2023Detailed filing. Detailed filing data is available for this year.$2.55$2.55$0.66$1.01$0.35
2022Detailed filing. Detailed filing data is available for this year.$2.90$2.90$0.30$0.22$0.08
2021Detailed filing. Detailed filing data is available for this year.$2.82$2.82$0.64$0.19$0.45
2011Summary only. Only limited summary data is available for this year.$1.74$0.00$0.40$0.03$0.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$1.37$0.50$0.38$0.12