Civic Intelligence

Emancipation Economic Development Council

990 • Fiscal year 2020 • EIN 82-4288292

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

PO Box 8213Houston, TX 77288

(346) 980-5635

Siviq Scores

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

Liabilities / Assets

87th percentile

0.43x

Higher debt load relative to assets than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

81st percentile

0.16x

Higher debt load relative to revenue than 81% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

22nd percentile

-20%

Higher net margin than 22% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

97th percentile

$78,675

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 25.6% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

27th percentile

-9.9%

Faster asset growth than 27% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

52nd percentile

-12%

Faster revenue growth than 52% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$113,182

Down $12,485 (-9.9%) from 2019

Net Assets

Down

$64,182

Down $61,485 (-49%) from 2019

Liabilities

Up

$49,000

Up $49,000 from 2019

Revenue

Down

$307,011

Down $40,387 (-12%) from 2019

Expenses

Down

$368,496

Down $30,572 (-7.7%) from 2019

Net Income

Down

-$61,485

Down $9,815 (-19%) from 2019

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2019: $125,667Liabilities 2019: $0Net Assets 2019: $125,6672019Assets 2020: $113,182Liabilities 2020: $49,000Net Assets 2020: $64,1822020Assets 2021: $257,279Liabilities 2021: $3,194Net Assets 2021: $254,0852021Assets 2022: $136,753Liabilities 2022: $2,593Net Assets 2022: $134,1602022Assets 2023: $675,575Liabilities 2023: $820Net Assets 2023: $674,7552023Assets 2024: $637,273Liabilities 2024: $65,000Net Assets 2024: $572,2732024

Highlighted filing

2020

Assets$113,182
Liabilities$49,000
Net Assets$64,182

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2019: $347,398Expenses 2019: $399,068Net Income 2019: -$51,6702019Revenue 2020: $307,011Expenses 2020: $368,496Net Income 2020: -$61,4852020Revenue 2021: $547,436Expenses 2021: $357,531Net Income 2021: $189,9052021Revenue 2022: $181,196Expenses 2022: $301,120Net Income 2022: -$119,9242022Revenue 2023: $892,104Expenses 2023: $351,509Net Income 2023: $540,5952023Revenue 2024: $198,287Expenses 2024: $300,767Net Income 2024: -$102,4802024

Highlighted filing

2020

Revenue$307,011
Expenses$368,496
Net Income-$61,485
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.1
Gross Receipts
$307,011
Mission and Program Overview

Mission

Our mission is to inspire hope and contribute to the revitalization and preservation of the emancipation park neighborhood of third ward. Its vision is a resilient, dynamic, and economically prosperous community where people live, work and thrive in a historically and culturally rich african american neighborhood.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$125,667$112,655▼ $13,012
Rtn Earn Endowment Incm Other Fnds$125,667$64,182▼ $61,485
Total Assets$125,667$113,182▼ $12,485
Other Assets Total-$527-
Liabilities
Unsecured Notes Loans Payable-$47,000-
Accounts Payable and Accrued Expenses-$2,000-
Total Liabilities$0$49,000▲ $49,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$125,667$64,182▼ $61,485
Total Liabilities and Net Assets / Fund Balance$125,667$113,182▼ $12,485

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$527--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alicia NealExecutive DirectorFT$78,675$78,675
Cary YatesExecutive DirectorFT$56,875$56,875

Board Members and Trustees

NameTitle
Dr Assata RichardsBoard Chair
John EigegeBoard Vice Chair
Dr Austin LaneBoard Member
Feddy WarnerBoard Member
Jaa St JulienBoard Member
Jeri BrooksBoard Member
Judson RobinsonBoard Member
Marlon MitchellBoard Member
Rae Ann GeorgeBoard Member
Syan RhodesBoard Member
Whitney CraytonBoard Member
Winnell HerronBoard Member
Dolores RodgersBoard Secretary
Marilyn WhiteBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$298,768
Program Service Revenue
$8,243
Investment Income
$0
Other Revenue
$0
All Other Contributions
$298,768
Change in Net Assets
$-61,485
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$225,053
Other Expenses$128,406
Grants and Similar Amounts Paid$15,037
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$135,550-$135,550
Other Salaries and Wages-$62,115-$62,115
Advertising$31,806$160-$31,966
Occupancy-$24,190-$24,190
Fees for Services Other$550$21,204-$21,754
Grants to Domestic Individuals$15,037--$15,037
Payroll Taxes-$14,899-$14,899
Other Employee Benefits-$12,489-$12,489
Fees for Services Legal$3,500$7,425-$10,925
Office Expenses$408$6,172-$6,580
All Other Expenses$690$1,676-$2,366
Other Expenses$107$1,772-$1,879
Insurance-$1,602-$1,602
Travel$50--$50
Total Functional Expenses$61,756$306,740$0$368,496
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
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
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 governing body review Part VI line 11

Form 990 was presented to the Finance Committee to review and approve before filing the return.

Conflict of interest policy compliance Part VI line 12C

During the regular staff meetings and periodically throughout the year, relevant parties are informed of company policies including Conflict of Interest.

CEO executive director top management comp Part VI line 15A

Top management positions and key employees were selected by sub-committee, which reviewed candidates qualifications, experiences, and backgrounds. The Board made the final decision on which candidate(s) received an offer for employment.

Governing documents etc available to public Part VI line 19

Documents are available upon request by contacting the deputy director.

Filing and Contact Details

Filer

Filer Name
Emancipation Economic Development Council
EIN
82-4288292
Address
PO Box 8213, Houston, TX 77288

Signing Officer

Name
Alicia Neal
Title
Executive Direc
Phone
3469805635
Signed
2021-11-09
Discuss with paid preparer
Yes

Organization Details

Formed
2018
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
5
Volunteers
4

Preparer

Firm
Susan Sessions CPA PLLC
Address
4307 Waterbeck St, Fulshear, TX 77441
Preparer
Susan Sessions
Phone
2813132662
Supplemental Narrative

Additional Explanations

Part III response or note to any other line in Part III

Our mission is to inspire hope and contribute to the revitalization and preservation of the Emancipation Park neighborhood of Third Ward. Its vision is resiliant, dynamic, and economically prosperous community where people live, work and thrive in a historically and culturally rich African American neighborhood.

Part XI response or note to any line in Part XI

Prior Period Adjustments - Part XI, Line 8Adjustment related to late information becoming available to organization.

General explanation attachment

Organizations Mission or Most Significant Activities - Part I, Line 1The corporations activities combat community deterioration by assisting in the renewal and rehabilitation of the Houston, Texas Third Ward Neighborhood, and affected areas within the following street boundaries: North Boundary - I-45 South; East Boundary - Ennis and Sauer Street; South Boundary - Alabama Street; West Boundary - SH 288 and U.S. 59/69

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IRS990/ProgSrvcAccomActy2Grp/Desc0Conducted training classes for small business owners which included marketing/advertising, understanding your finances, importance of good credit, tax compliance, budgeting, accounting/bookkeeping, and writing a business plan.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Community Engagement Efforts are created with the term Ujima in mind in an effort To build and maintain our community together and to make our Brothers and Sisters problems, our problems, and solve them together. The goals of resident engagement are to protect vulnerable residents from displacement, promote social and political integration of economically marginalized residents, and to support the social mobility of economically disadvantaged residents.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 was presented to the Finance Committee to review and approve before filing the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1During the regular staff meetings and periodically throughout the year, relevant parties are informed of company policies including Conflict of Interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Top management positions and key employees were selected by sub-committee, which reviewed candidates qualifications, experiences, and backgrounds. The Board made the final decision on which candidate(s) received an offer for employment.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Documents are available upon request by contacting the deputy director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Our mission is to inspire hope and contribute to the revitalization and preservation of the Emancipation Park neighborhood of Third Ward. Its vision is resiliant, dynamic, and economically prosperous community where people live, work and thrive in a historically and culturally rich African American neighborhood.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Prior Period Adjustments - Part XI, Line 8Adjustment related to late information becoming available to organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Organizations Mission or Most Significant Activities - Part I, Line 1The corporations activities combat community deterioration by assisting in the renewal and rehabilitation of the Houston, Texas Third Ward Neighborhood, and affected areas within the following street boundaries: North Boundary - I-45 South; East Boundary - Ennis and Sauer Street; South Boundary - Alabama Street; West Boundary - SH 288 and U.S. 59/69
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part III response or note to any other line in Part III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part XI response or note to any line in Part XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6General explanation attachment
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