Civic Intelligence

Sir John Soane'S Museum Foundation

990 • Fiscal year 2019 • EIN 13-3624437

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

120 Broadway 20th FloorNew York, NY 10271

(347) 766-2309

Siviq Scores

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

Liabilities / Assets

56th percentile

0.07x

Higher debt load relative to assets than 56% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

61st percentile

0.07x

Higher debt load relative to revenue than 61% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Net Margin

6th percentile

-60%

Higher net margin than 6% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

94th percentile

$105,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 24.2% of source-year revenue.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Asset Growth

6th percentile

-36%

Faster asset growth than 6% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-44%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$450,849

Down $258,297 (-36%) from 2018

Net Assets

Down

$419,265

Down $261,421 (-38%) from 2018

Liabilities

Up

$31,584

Up $3,124 (+11%) from 2018

Revenue

Down

$433,436

Down $345,822 (-44%) from 2018

Expenses

Up

$694,857

Up $202,375 (+41%) from 2018

Net Income

Down

-$261,421

Down $548,197 (-191%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $473,239Liabilities 2010: $10,625Net Assets 2010: $462,6142010Assets 2011: $1,164,078Liabilities 2011: $18,450Net Assets 2011: $1,145,6282011Assets 2012: $1,327,852Liabilities 2012: $13,750Net Assets 2012: $1,314,1022012Assets 2013: $1,584,074Liabilities 2013: $23,750Net Assets 2013: $1,560,3242013Assets 2014: $955,484Liabilities 2014: $30,085Net Assets 2014: $925,3992014Assets 2015: $565,183Liabilities 2015: $42,000Net Assets 2015: $523,1832015Assets 2016: $631,710Liabilities 2016: $20,940Net Assets 2016: $610,7702016Assets 2017: $402,910Liabilities 2017: $9,000Net Assets 2017: $393,9102017Assets 2018: $709,146Liabilities 2018: $28,460Net Assets 2018: $680,6862018Assets 2019: $450,849Liabilities 2019: $31,584Net Assets 2019: $419,2652019Assets 2020: $341,550Liabilities 2020: $42,101Net Assets 2020: $299,4492020Assets 2021: $690,141Liabilities 2021: $32,252Net Assets 2021: $657,8892021Assets 2022: $1,166,578Liabilities 2022: $108,146Net Assets 2022: $1,058,4322022Assets 2023: $1,237,100Liabilities 2023: $217,137Net Assets 2023: $1,019,9632023Assets 2024: $1,754,746Liabilities 2024: $141,026Net Assets 2024: $1,613,7202024

Highlighted filing

2019

Assets$450,849
Liabilities$31,584
Net Assets$419,265

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $674,8952010Expenses 2011: $560,8972011Expenses 2012: $546,0612012Revenue 2013: $990,553Expenses 2013: $744,331Net Income 2013: $246,2222013Revenue 2014: $628,839Expenses 2014: $1,263,764Net Income 2014: -$634,9252014Revenue 2015: $1,594,984Expenses 2015: $1,997,200Net Income 2015: -$402,2162015Revenue 2016: $1,617,658Expenses 2016: $1,530,071Net Income 2016: $87,5872016Revenue 2017: $744,355Expenses 2017: $961,215Net Income 2017: -$216,8602017Revenue 2018: $779,258Expenses 2018: $492,482Net Income 2018: $286,7762018Revenue 2019: $433,436Expenses 2019: $694,857Net Income 2019: -$261,4212019Revenue 2020: $343,541Expenses 2020: $466,562Net Income 2020: -$123,0212020Revenue 2021: $958,475Expenses 2021: $600,035Net Income 2021: $358,4402021Revenue 2022: $973,273Expenses 2022: $559,980Net Income 2022: $413,2932022Revenue 2023: $650,201Expenses 2023: $676,910Net Income 2023: -$26,7092023Revenue 2024: $1,535,128Expenses 2024: $941,216Net Income 2024: $593,9122024

Highlighted filing

2019

Revenue$433,436
Expenses$694,857
Net Income-$261,421
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$774,512
Mission and Program Overview

Mission

Sir john soane's museum foundation promotes a lively educational forum in the fields of architecture, design, conservation, museum studies, collections and the decorative arts including, but not limited to, the sir john soane's museum in london, england.

To promote and advance the study of art and architecture with the soanean tradition in the u.s.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$427,901$259,025▼ $168,876
Pledges and Grants Receivable$251,477$120,869▼ $130,608
Accounts Receivable$29,768$70,955▲ $41,187
Total Assets$709,146$450,849▼ $258,297
Liabilities
Accounts Payable and Accrued Expenses$15,000$26,914▲ $11,914
Deferred Revenue$13,460$4,670▼ $8,790
Total Liabilities$28,460$31,584▲ $3,124
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$221,221$265,608▲ $44,387
Net Assets With Donor Restrictions$459,465$153,657▼ $305,808
Total Net Assets Fund Balance$680,686$419,265▼ $261,421
Total Liabilities and Net Assets / Fund Balance$709,146$450,849▼ $258,297
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth McenaneyExecutive DirectorFT$105,000$105,000

Board Members and Trustees

NameTitle
Paul L WhalenChairman
Nicholas Sg SternVice Chairman
Anne EdgarBoard Member
Anne Kriken MannBoard Member
Brian MccarthyBoard Member
Douglas WrightBoard Member
Elizabeth F H ScottBoard Member
Jonathan HoggBoard Member
Kathleen SpringhornBoard Member
Michael ImberBoard Member
Molly Lowell BorthwickBoard Member
Rebecca BirdwellBoard Member
Richard T SharpBoard Member
Rosemarie HoweBoard Member
Stacey McardleBoard Member
Suzanne SantryBoard Member
Suzanne StephensBoard Member
Thomas PhiferBoard Member
Wendy Lyon MoonanBoard Member
Barbara SallickSecretary
John FlowerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$577,280
Program Service Revenue
$23,353
Investment Income
$85
Other Revenue
$-167,282
All Other Contributions
$129,055
Change in Net Assets
$-261,421

Audited Revenue Reconciliation

Revenue per Audited Statements
$433,436
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$157,155
Total Revenue per Audited Statements
$590,591
Total Revenue per Form 990
$433,436
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$453,892
Other Expenses$240,965
Total Fundraising Expense$45,763
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$435,769--$435,769
Fees for Services Management$31,500$42,000$31,500$105,000
Fees for Services Accounting-$24,098-$24,098
Fees for Services Other-$4,170$14,263$18,433
Grants to Domestic Individuals$18,123--$18,123
Office Expenses-$7,819-$7,819
Conferences and Meetings-$4,456-$4,456
Other Expenses$56,514$1,115-$1,115
Insurance-$510-$510
Total Functional Expenses$541,906$107,188$45,763$694,857

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$852,012
Expenses per Audited Statements$694,857
Total Expenses per Form 990$694,857
Expenses Not Reported on Form 990$157,155
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$341,076
Fundraising Gross Income$173,794
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Soane Travels$137,094$118,794$148,635$-29,841
Gala$441,749$55,000$192,441$-137,441
Total Events$578,843$173,794$341,076$-167,282
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
Yes
Backup withholding compliance
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
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

Draft tax return is provided to the executive director of the organization, then it is discussed with the finance and executive committee.

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

The organization has a conflict of interest policy and monitors and reviews the policy annually.

Form 990, Part VI, Section C, Line 18

The aforementioned forms are available on request. Form 990 is available on www.guidestar.org.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are available on request.

Form 990 Part VI, Section B, Line 13

The organization has adopted a whistleblower policy.

Form 990 Part VI, Section B, Line 14

The organization has adopted a document retention policy.

Filing and Contact Details

Filer

Filer Name
SIR JOHN SOANE'S MUSEUM FOUNDATION
EIN
13-3624437
Phone
3477662309
Address
120 BROADWAY 20TH FLOOR, NEW YORK, NY 10271

Signing Officer

Name
Paul L Whalen
Title
Chairman
Phone
3477662309
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul L Whalen
Formed
1991
Legal Domicile
De
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
0

Preparer

Firm
Gettry Marcus CPA Pc
Address
88 FROEHLICH FARM BLVD 3RD FLOOR, WOODBURY, NY 11797
Preparer
Joel Dressnercpa
Phone
5163643390
Supplemental Narrative

Additional Explanations

Form 990 Part XII. Question 2(C)

The organization's finance committee meets regularly and is responsible for the oversight and selection of the independent auditor.

Financial Statement Notes

PART X, LINE 2:

The organization has been notified by the internal revenue service that it is exempt from federal income taxes under section 501(c)(3) of the internal revenue code ("code"). The organization is further classified as an organization that is not a private foundation under section 509(a)(3) of the code. The organization follows the guidance of accounting standards codification (asc) 740, accounting for income taxes, related to uncertain income taxes, which prescribes a threshold of more likely than not for recognition and derecognition of tax positions taken or expected to be taken in a tax return. All significant tax positions have been considered by management. It has been determined that is more likely than not that all tax positions would be sustained upon examination by taxing authorities. Accordingly, no provision for income taxes has been recorded.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Soane travel expenses (benefit event)

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Soane travel expenses (benefit event)

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
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IRS990/FormationYr01991
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
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IRS990/FundraisingDirectExpensesAmt0341076
IRS990/FundraisingGrossIncomeAmt0173794
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IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0774512
IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndependentVotingMemberCnt021
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IRS990/InvestmentIncomeGrp/ExclusionAmt085
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IRS990/IRPDocumentCnt07
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt043176
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SIR JOHN SOANE'S MUSEUM FOUNDATION PROMOTES A LIVELY EDUCATIONAL FORUM IN THE FIELDS OF ARCHITECTURE, DESIGN, CONSERVATION, MUSEUM STUDIES, COLLECTIONS AND THE DECORATIVE ARTS INCLUDING, BUT NOT LIMITED TO, THE SIR JOHN SOANE'S MUSEUM IN LONDON, ENGLAND.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
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IRS990/NetAssetsOrFundBalancesEOYAmt0419265
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IRS990/OfficeExpensesGrp/TotalAmt07819
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LECTURES AND DINNERS
IRS990/OtherExpensesGrp/Desc1BANK CHARGES AND PROCES
IRS990/OtherExpensesGrp/Desc2TELECOMMUNICATIONS
IRS990/OtherExpensesGrp/Desc3POSTAGE AND DELIVERY
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15106
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21115
IRS990/OtherExpensesGrp/ProgramServicesAmt056514
IRS990/OtherExpensesGrp/TotalAmt056514
IRS990/OtherExpensesGrp/TotalAmt117914
IRS990/OtherExpensesGrp/TotalAmt25106
IRS990/OtherExpensesGrp/TotalAmt31115
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0251477
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0120869
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0PAUL L WHALEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0LECTURES AND DINNERS
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0896501
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0295542
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IRS990/PYOtherExpensesAmt0196940
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-261421
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
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IRS990/ReportInvestmentsOtherSecInd00
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0913803
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt01147039
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0214838
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0997132
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0375040
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0463079
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0556780
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0417573
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt085
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt070
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt039
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0510
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt083
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0787
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00020
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IRS990ScheduleA/PublicSupportCY509Pct00.46230
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0127395
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0485915
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0913803
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt01147039
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02865604
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0677917
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01553912

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$0.14$1.61$1.54$0.94$0.59
2023Detailed filing. Detailed filing data is available for this year.$1.24$0.22$1.02$0.65$0.68$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.17$0.11$1.06$0.97$0.56$0.41
2021Detailed filing. Detailed filing data is available for this year.$0.69$0.03$0.66$0.96$0.60$0.36
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.04$0.30$0.34$0.47$0.12
2019Detailed filing. Detailed filing data is available for this year.$0.45$0.03$0.42$0.43$0.69$0.26
2018Detailed filing. Detailed filing data is available for this year.$0.71$0.03$0.68$0.78$0.49$0.29
2017Detailed filing. Detailed filing data is available for this year.$0.40$0.01$0.39$0.74$0.96$0.22
2016Detailed filing. Detailed filing data is available for this year.$0.63$0.02$0.61$1.62$1.53$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.57$0.04$0.52$1.59$2.00$0.40
2014Detailed filing. Detailed filing data is available for this year.$0.96$0.03$0.93$0.63$1.26$0.63
2013Detailed filing. Detailed filing data is available for this year.$1.58$0.02$1.56$0.99$0.74$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.01$1.31$0.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.02$1.15$0.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.01$0.46$0.67