Civic Intelligence

Gulf Coast Economic Development District Inc.

990 • Fiscal year 2022 • EIN 76-0421307

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 17, 2022

Organization Profile
PO Box 22777Houston, TX 77227

(713) 627-3200

Siviq Scores

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

Liabilities / Assets

54th percentile

0.08x

Higher debt load relative to assets than 54% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

80th percentile

0.50x

Higher debt load relative to revenue than 80% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

72nd percentile

22%

Higher net margin than 72% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

65th percentile

8.8%

Faster asset growth than 65% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-69%

Faster revenue growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$3,539,375

Up $286,743 (+8.8%) from 2021

Net Assets

Up

$3,246,847

Up $127,097 (+4.1%) from 2021

Liabilities

Up

$292,528

Up $159,646 (+120%) from 2021

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin72nd percentile

Revenue

Down

$590,898

Down $1,296,963 (-69%) from 2021

Expenses

Up

$463,801

Up $91,256 (+24%) from 2021

Net Income

Down

$127,097

Down $1,388,219 (-92%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $767,798Liabilities 2011: $876,870Net Assets 2011: -$109,0722011Assets 2012: $2,026,195Liabilities 2012: $2,081,397Net Assets 2012: -$55,2022012Assets 2014: $1,851,223Liabilities 2014: $21,124Net Assets 2014: $1,830,0992014Assets 2015: $1,866,914Liabilities 2015: $145,596Net Assets 2015: $1,721,3182015Assets 2016: $1,575,529Liabilities 2016: $30,570Net Assets 2016: $1,544,9592016Assets 2017: $1,654,586Liabilities 2017: $0Net Assets 2017: $1,654,5862017Assets 2018: $1,599,172Liabilities 2018: $11,754Net Assets 2018: $1,587,4182018Assets 2019: $1,635,642Liabilities 2019: $9,598Net Assets 2019: $1,626,0442019Assets 2020: $1,653,465Liabilities 2020: $49,031Net Assets 2020: $1,604,4342020Assets 2021: $3,252,632Liabilities 2021: $132,882Net Assets 2021: $3,119,7502021Assets 2022: $3,539,375Liabilities 2022: $292,528Net Assets 2022: $3,246,8472022Assets 2023: $4,146,709Liabilities 2023: $198,391Net Assets 2023: $3,948,3182023Assets 2024: $7,225,888Liabilities 2024: $2,233,188Net Assets 2024: $4,992,7002024Assets 2025: $5,363,901Liabilities 2025: $355,287Net Assets 2025: $5,008,6142025

Highlighted filing

2022

Assets$3,539,375
Liabilities$292,528
Net Assets$3,246,847
Open 2022 Filing

Operations Trend

Revenue Growth4th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,171,423Expenses 2011: $1,289,948Net Income 2011: -$118,5252011Revenue 2012: $965,544Expenses 2012: $911,674Net Income 2012: $53,8702012Revenue 2014: $124,939Expenses 2014: $87,890Net Income 2014: $37,0492014Revenue 2015: $957,024Expenses 2015: $962,860Net Income 2015: -$5,8362015Revenue 2016: $145,592Expenses 2016: $107,253Net Income 2016: $38,3392016Revenue 2017: $198,684Expenses 2017: $186,953Net Income 2017: $11,7312017Revenue 2018: $205,406Expenses 2018: $258,879Net Income 2018: -$53,4732018Revenue 2019: $265,029Expenses 2019: $228,487Net Income 2019: $36,5422019Revenue 2020: $166,271Expenses 2020: $187,805Net Income 2020: -$21,5342020Revenue 2021: $1,887,861Expenses 2021: $372,545Net Income 2021: $1,515,3162021Revenue 2022: $590,898Expenses 2022: $463,801Net Income 2022: $127,0972022Revenue 2023: $1,784,061Expenses 2023: $1,082,590Net Income 2023: $701,4712023Revenue 2024: $2,141,269Expenses 2024: $1,096,887Net Income 2024: $1,044,3822024Revenue 2025: $423,752Expenses 2025: $407,838Net Income 2025: $15,9142025

Highlighted filing

2022

Revenue$590,898
Expenses$463,801
Net Income$127,097
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 17, 2022
Return Version
2021v4.0
Gross Receipts
$590,898
Mission and Program Overview

Mission

The Board envisions a healthy regional economy, diversified among a variety of sectors, poised to accommodate economic development of the future, with unprecedented opportunities to the citizens of the Gulf Coast.

The goal of the GCEDD is to serve as a regional clearinghouse for Economic Development information and provide technical assistance for the purpose of stimulating the economy within the region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,119,750$3,246,847▲ $127,097
Other Notes and Loans Receivable, Net$2,710,675$2,939,211▲ $228,536
Cash and Non-Interest-Bearing Accounts$539,018$600,055▲ $61,037
Accounts Receivable$2,939$109▼ $2,830
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,252,632$3,539,375▲ $286,743
Liabilities
Accounts Payable and Accrued Expenses$132,882$292,528▲ $159,646
Total Liabilities$132,882$292,528▲ $159,646
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,119,750$3,246,847▲ $127,097
Total Liabilities and Net Assets / Fund Balance$3,252,632$3,539,375▲ $286,743
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Andrew Van ChauMember
Annie YangMember
BJ SimonMember
Brandon WillisMember
Carlos GuzmanMember
Chad BurkeMember
Charles RogersMember
Courtland HolmanMember
Dane CarlsonMember
Danielle ScheinerMember
Dianna GrobeMember
Frank M JordanMember
Garrett McLeodMember
Guy Robert JacksonMember
Gwen TillotsonMember
Jimmy HenryMember
John IsomMember
Joshua OwensMember
Lance DeanMember
Marlon D MitchellMember
Michele HayMember
Mike RozellMember
Mike WalkerMember
Patti WorfeMember
Scott HardwickMember
Vince YokomMember
Wendell NullMember
Revenue and Support

Revenue Composition

Contributions and Grants
$546,905
Program Service Revenue
$0
Investment Income
$43,993
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$127,097
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$285,260
Other Expenses$178,541
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$285,260--$285,260
Fees for Services Management$120,734--$120,734
Information Technology$24,541--$24,541
Occupancy$19,769--$19,769
All Other Expenses$8,716--$8,716
Fees for Services Legal$4,460--$4,460
Travel$260--$260
Conferences and Meetings$42--$42
Office Expenses$19--$19
Total Functional Expenses$463,801$0$0$463,801
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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 senior accountant completes 990 forms and Assistant Director, and Chief Financial Officer approves them.”

Form 990, Part VI, Section B, Line 12C

“The policies of conflict of interest are regularly tested by the internal auditor.”

Form 990, Part VI, Section B, Line 15

“The personnel manager conducts surveys of similar organizations (size, responsibilities, experience) and provides survey results to the Board.”

Form 990, Part VI, Section C, Line 19

“Disclosure of financial information, including annul financial statements are posted on the organization's website with contact information.”

Filing and Contact Details

Filer

Filer Name
Gulf Coast Economic Development District Inc
EIN
76-0421307
Phone
7136273200
Address
PO Box 22777, Houston, TX 77227

Signing Officer

Name
Jean Mahood
Title
Assistant Director - Finance
Phone
7139934512
Signed
2022-10-17

Organization Details

Principal Officer
Jean Mahood
Formed
1988
Legal Domicile
TX
Voting Board Members
27
Independent Board Members
27
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“The Community Development Financial Institution Fund (CDFI) awarded GCEDD technical assistance grant to help GCEDD build internal capacity so that GCEDD can become a fully certified CDFI. This will enable GCEDD to expand GCEDD loan programs and provide technical assistance to underserved areas and populations.”

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IRS990/GrantsToOrganizationsInd00
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IRS990/GrossReceiptsAmt0590898
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IRS990/MissionDesc0The Board envisions a healthy regional economy, diversified among a variety of sectors, poised to accommodate economic development of the future, with unprecedented opportunities to the citizens of the Gulf Coast.
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IRS990/PrincipalOfficerNm0Jean Mahood
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IRS990/ProgSrvcAccomActy3Grp/Desc0Provided a regional clearinghouse of economic development information resources.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0Helped small business in region that suffered from coronavirus pandemic and other activities
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0223579
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0169432
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Document Assets

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Filings

Displayed year

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

Open filing
Assets
$3,539,375
Liabilities
$292,528
Net assets
$3,246,847
Revenue
$590,898
Expenses
$463,801
Net income
$127,097
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.36$0.36$5.01$0.42$0.41$0.02
2024Summary only. Only limited summary data is available for this year.$7.23$2.23$4.99$2.14$1.10$1.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.15$0.20$3.95$1.78$1.08$0.70
2022Detailed filing. Detailed filing data is available for this year.$3.54$0.29$3.25$0.59$0.46$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.25$0.13$3.12$1.89$0.37$1.52
2020Summary only. Only limited summary data is available for this year.$1.65$0.05$1.60$0.17$0.19$0.02
2019Summary only. Only limited summary data is available for this year.$1.64$0.01$1.63$0.27$0.23$0.04
2018Summary only. Only limited summary data is available for this year.$1.60$0.01$1.59$0.21$0.26$0.05
2017Summary only. Only limited summary data is available for this year.$1.65$0.00$1.65$0.20$0.19$0.01
2016Summary only. Only limited summary data is available for this year.$1.58$0.03$1.54$0.15$0.11$0.04
2015Summary only. Only limited summary data is available for this year.$1.87$0.15$1.72$0.96$0.96$0.01
2014Summary only. Only limited summary data is available for this year.$1.85$0.02$1.83$0.12$0.09$0.04
2012Summary only. Only limited summary data is available for this year.$2.03$2.08$0.06$0.97$0.91$0.05
2011Summary only. Only limited summary data is available for this year.$0.77$0.88$0.11$1.17$1.29$0.12