Civic Intelligence

Gulf Coast Economic Development District Inc.

990 • Fiscal year 2024 • EIN 76-0421307

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 31, 2024

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

69th percentile

0.31x

Higher debt load relative to assets than 69% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

1.04x

Higher debt load relative to revenue than 85% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

89th percentile

49%

Higher net margin than 89% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

94th percentile

74%

Faster asset growth than 94% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

20%

Faster revenue growth than 67% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Flat

$7,225,888

Flat from 2024

Net Assets

Flat

$4,992,700

Flat from 2024

Liabilities

Flat

$2,233,188

Flat from 2024

Revenue

Flat

$2,141,269

Flat from 2024

Expenses

Flat

$1,096,887

Flat from 2024

Net Income

Flat

$1,044,382

Flat from 2024

Historical Trend

Balance Sheet Trend

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 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

2024

Assets$7,225,888
Liabilities$2,233,188
Net Assets$4,992,700

Operations Trend

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 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

2024

Revenue$2,141,269
Expenses$1,096,887
Net Income$1,044,382
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 31, 2024
Return Version
2023v5.0
Gross Receipts
$2,141,269
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$3,948,318$4,992,700▲ $1,044,382
Other Notes and Loans Receivable, Net$3,047,876$4,341,508▲ $1,293,632
Cash and Non-Interest-Bearing Accounts$1,098,833$2,884,380▲ $1,785,547
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,146,709$7,225,888▲ $3,079,179
Liabilities
Accounts Payable and Accrued Expenses$198,391$2,233,188▲ $2,034,797
Total Liabilities$198,391$2,233,188▲ $2,034,797
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,948,318$4,992,700▲ $1,044,382
Total Liabilities and Net Assets / Fund Balance$4,146,709$7,225,888▲ $3,079,179
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$1,995,536
Program Service Revenue
$115,015
Investment Income
$30,718
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$1,044,382
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$757,573
Salaries, Compensation, and Employee Benefits$329,314
Grants and Similar Amounts Paid$10,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$340,401--$340,401
Fees for Services Other$332,130--$332,130
Other Salaries and Wages$224,914--$224,914
Other Employee Benefits$104,400--$104,400
Fees for Services Management$30,623--$30,623
Information Technology$23,686--$23,686
Fees for Services Legal$12,800--$12,800
Occupancy$11,742--$11,742
Grants to Domestic Orgs$10,000--$10,000
Conferences and Meetings$3,959--$3,959
Travel$1,921--$1,921
Office Expenses$311--$311
Total Functional Expenses$1,096,887$0$0$1,096,887
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Shrisan ManagementStafford, TX-It's a grant from FortBend county that were issued to local businesses through GCEDD to cover expenses such as costs of working capital, payroll, accounts payable, rent, mortgages, etc. Recipient is required to submit appropriate documentation of such eligible expenditures and proof of payments, as requested.$10,000
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 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
Christina Ordonez-campos
Title
Chief Financial Officer
Phone
7139934512
Signed
2024-10-31

Organization Details

Principal Officer
Christina Ordonez-campos
Formed
1988
Legal Domicile
TX
Voting Board Members
22
Independent Board Members
22
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

$332,130 paid to Consultant - HR Green for Broadband Market Analysis and cost Study

Form 990, Part IX, Line 24E

Written off Bad Debts worth 340,400.77 from loan issued to business - GlowZone

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IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt022
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt023686
IRS990/InformationTechnologyGrp/TotalAmt023686
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt030718
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt030718
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03948318
IRS990/NetAssetsOrFundBalancesEOYAmt04992700
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt011742
IRS990/OccupancyGrp/TotalAmt011742
IRS990/OfficeExpensesGrp/ProgramServicesAmt0311
IRS990/OfficeExpensesGrp/TotalAmt0311
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0104400
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0104400
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0224914
IRS990/OtherSalariesAndWagesGrp/TotalAmt0224914
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03047876
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04341508
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CHRISTINA ORDONEZ-CAMPOS
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Conducted a series of workshops on economic development impacts and land used.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0274222
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0535317
IRS990/ProgSrvcAccomActy3Grp/Desc0Provided a regional clearinghouse of economic development information resources.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0274222
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0535317
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Helped small business in region that suffered from coronavirus pandemic and other activities
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0274221
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0535317
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01715571
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0410000
IRS990/PYInvestmentIncomeAmt012088
IRS990/PYOtherExpensesAmt0290038
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt056402
IRS990/PYRevenuesLessExpensesAmt0701471
IRS990/PYSalariesCompEmpBnftPaidAmt0382552
IRS990/PYTotalExpensesAmt01082590
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01784061
IRS990/ReconcilationRevenueExpnssAmt01044382
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0535317
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03948318
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04992700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01995536
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01715571
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0546905
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01858004
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0138544
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06254560
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0145733
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt068490
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt043993
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt029857
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt027727
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0315800
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95194
IRS990ScheduleA/PublicSupportPY170Pct00.95494
IRS990ScheduleA/PublicSupportTotal170Amt06254560
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01995536
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01715571
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0546905
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01858004
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0138544
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06254560
IRS990ScheduleA/TotalSupportAmt06570360
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0It's a grant from FortBend county that were issued to local businesses through GCEDD to cover expenses such as costs of working capital, payroll, accounts payable, rent, mortgages, etc. Recipient is required to submit appropriate documentation of such eligible expenditures and proof of payments, as requested.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Shrisan Management
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0SANJAY SEHGAL
IRS990ScheduleI/RecipientTable/RecipientEIN0475370435
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt010501 CORPORATE DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0STAFFORD
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX

Document Assets

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Filings

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
2024Detailed filing. Detailed filing data is available for this year.$7.23$2.23$4.99$2.14$1.10$1.04
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
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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