Civic Intelligence

The Setrac Foundation

990 • Fiscal year 2023 • EIN 82-4197811

Sep 01, 2022 to Aug 31, 2023 • Filed on Aug 19, 2024

Organization ProfileN/A
1111 North Loop West 160Houston, TX 77008

(281) 822-4450

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

31st percentile

0.02x

Higher debt load relative to revenue than 31% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

81st percentile

27%

Faster asset growth than 81% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

3rd percentile

-72%

Faster revenue growth than 3% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$1,333,935

Up $281,993 (+27%) from 2022

Net Assets

Up

$1,328,474

Up $278,379 (+27%) from 2022

Liabilities

Up

$5,461

Up $3,614 (+196%) from 2022

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin99th percentile

Revenue

Down

$282,199

Down $721,639 (-72%) from 2022

Expenses

Up

$3,810

Up $1,924 (+102%) from 2022

Net Income

Down

$278,389

Down $723,563 (-72%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$1.5M$1.0M$500K$0Assets 2021: $50,000Liabilities 2021: $1,857Net Assets 2021: $48,1432021Assets 2022: $1,051,942Liabilities 2022: $1,847Net Assets 2022: $1,050,0952022Assets 2023: $1,333,935Liabilities 2023: $5,461Net Assets 2023: $1,328,4742023Assets 2024: $1,373,793Liabilities 2024: $0Net Assets 2024: $1,373,7932024

Highlighted filing

2023

Assets$1,333,935
Liabilities$5,461
Net Assets$1,328,474
Open 2023 Filing

Operations Trend

Revenue Growth3rd percentile

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

$1.5M$1.0M$500K$0Revenue 2021: $02021Revenue 2022: $1,003,838Expenses 2022: $1,886Net Income 2022: $1,001,9522022Revenue 2023: $282,199Expenses 2023: $3,810Net Income 2023: $278,3892023Revenue 2024: $47,903Expenses 2024: $2,594Net Income 2024: $45,3092024

Highlighted filing

2023

Revenue$282,199
Expenses$3,810
Net Income$278,389
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Aug 19, 2024
Return Version
2022v5.0
Gross Receipts
$282,199
Mission and Program Overview

Mission

The Foundation was organized in Texas in December 2017 for charitable and educational purposes. The Foundation received income tax exempt status within the meaning of Section 501(c)(3) of the Internal Revenue Code in September 2019, effective on the date of the Foundation's inception.

The Foundation is organized to support and benefit the SouthEast Texas Regional Advisory Council (SETRAC), a Texas nonprofit corporation, that is exempt as an organization described in Section 501(c)(3) of the Internal Revenue Code, and is a public charity described in Section 509(a)(1). This includes raising funds for the ultimate benefit of SETRAC, managing and investment of endowment funds of SETRAC, guaranty loans to SETRAC, and the establishment of spending or distribution policies regarding endowments.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,050,085$1,328,474▲ $278,389
Savings and Temporary Cash Investments$1,001,981$1,029,079▲ $27,098
Cash and Non-Interest-Bearing Accounts$49,961$304,856▲ $254,895
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,051,942$1,333,935▲ $281,993
Other Assets Total-$0-
Liabilities
Other Liabilities$1,857$5,461▲ $3,604
Total Liabilities$1,857$5,461▲ $3,604
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,050,085$1,328,474▲ $278,389
Total Liabilities and Net Assets / Fund Balance$1,051,942$1,333,935▲ $281,993
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
David PersseChairman
Tom FlanaganVice-Chairman
Fred AdamsDirector
Kenneth MattoxDirector
Sally RayDirector
Lon D SquyresSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$255,101
Program Service Revenue
$0
Investment Income
$27,098
Other Revenue
$0
All Other Contributions
$255,101
Change in Net Assets
$278,389
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,810
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$2,649-$2,649
Other Expenses-$47-$47
Total Functional Expenses$0$3,810$0$3,810
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
SETRAC-Expenses paid for Foundation$5,461
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Other officer compensation reviewed
No
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 Form 990 is provided to Lori Upton, CEO of The SouthEast Regional Advisory Council, for review prior to its submission.”

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

“Conflict of Interest forms are required by all members of the Board of Directors and are filed with the Foundation annually.”

Form 990, Part VI, Section C, Line 19

“Governing documents, policies and financial statements are made available per request and approval of the Board of Directors.”

Filing and Contact Details

Filer

Filer Name
The SETRAC Foundation
EIN
82-4197811
Phone
2818224450
Address
1111 North Loop West 160, Houston, TX 77008

Signing Officer

Name
Lon D Squyres
Title
Secretary/Treas
Signed
2024-08-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Persse MD
Formed
2017
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
0
Employees
0

Preparer

Firm
Brenner Global Associates LLC
Address
4025 Feather Lakes Way No 6161, Kingwood, TX 77339
Preparer
James F Brenner
Phone
2813602800
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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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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SouthEast Texas Regional Advisory Counci
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0760419172
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Emergency preparedness
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01111 North Loop West 160
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Houston
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0770085806
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0The Foundation and the SouthEast Texas Regional Advisory Council (SETRAC) entered into a management services agreement effective December 14, 2018. This agreement calls for the SETRAC to provide personnel and office facilities for the administrative and business affairs of the Foundation.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0Management Services Agreement
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01051942
IRS990/TotalAssetsEOYAmt01333935
IRS990/TotalAssetsGrp/BOYAmt01051942
IRS990/TotalAssetsGrp/EOYAmt01333935
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0255101
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03810
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03810
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01857
IRS990/TotalLiabilitiesEOYAmt05461
IRS990/TotalLiabilitiesGrp/BOYAmt01857
IRS990/TotalLiabilitiesGrp/EOYAmt05461
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01050085
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01328474
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt027098
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0282199
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01051942
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01333935
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Lon D Squyres
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary/Treas
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The SETRAC Foundation
ReturnHeader/Filer/BusinessNameControlTxt0SETR
ReturnHeader/Filer/EIN0824197811
ReturnHeader/Filer/PhoneNum02818224450
ReturnHeader/Filer/USAddress/AddressLine1Txt01111 North Loop West 160
ReturnHeader/Filer/USAddress/CityNm0Houston
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077008
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273210390
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Brenner Global Associates LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04025 Feather Lakes Way No 6161
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Kingwood
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077339
ReturnHeader/PreparerPersonGrp/PhoneNum02813602800
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0James F Brenner
ReturnHeader/ReturnTs02024-08-19T09:14:31-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-09-01
ReturnHeader/TaxPeriodEndDt02023-08-31
ReturnHeader/TaxYr02022

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,333,935
Liabilities
$5,461
Net assets
$1,328,474
Revenue
$282,199
Expenses
$3,810
Net income
$278,389
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$0.05$0.00$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.33$0.01$1.33$0.28$0.00$0.28
2022Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$1.00$0.00$1.00
2021Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.00