Civic Intelligence

Submarine Force Library & Museum Association Inc

990 • Fiscal year 2016 • EIN 23-7281074

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 15, 2017

PO Box 928Groton, CT 06340

(860) 448-0893

Siviq Scores

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

Liabilities / Assets

29th percentile

0.02x

Higher debt load relative to assets than 29% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

39th percentile

0.06x

Higher debt load relative to revenue than 39% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

86th percentile

29%

Higher net margin than 86% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

53rd percentile

$68,962

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 13.4% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

75th percentile

12%

Faster asset growth than 75% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

14th percentile

-22%

Faster revenue growth than 14% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,856,688

Up $195,635 (+12%) from 2015

Net Assets

Up

$1,825,446

Up $186,629 (+11%) from 2015

Liabilities

Up

$31,242

Up $9,006 (+41%) from 2015

Revenue

Down

$515,206

Down $148,510 (-22%) from 2015

Expenses

Down

$364,515

Down $305,009 (-46%) from 2015

Net Income

Up

$150,691

Up $156,499 (+2695%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2013: $1,658,565Liabilities 2013: $19,248Net Assets 2013: $1,639,3172013Assets 2014: $1,786,009Liabilities 2014: $28,318Net Assets 2014: $1,757,6912014Assets 2015: $1,661,053Liabilities 2015: $22,236Net Assets 2015: $1,638,8172015Assets 2016: $1,856,688Liabilities 2016: $31,242Net Assets 2016: $1,825,4462016Assets 2017: $2,212,685Liabilities 2017: $12,488Net Assets 2017: $2,200,1972017Assets 2018: $2,140,086Liabilities 2018: $18,991Net Assets 2018: $2,121,0952018Assets 2019: $2,508,488Liabilities 2019: $30,420Net Assets 2019: $2,478,0682019Assets 2020: $2,558,845Liabilities 2020: $14,884Net Assets 2020: $2,543,9612020Assets 2021: $3,425,734Liabilities 2021: $20,577Net Assets 2021: $3,405,1572021Assets 2022: $2,882,307Liabilities 2022: $27,376Net Assets 2022: $2,854,9312022Assets 2023: $3,354,119Liabilities 2023: $21,520Net Assets 2023: $3,332,5992023Assets 2024: $3,771,816Liabilities 2024: $28,216Net Assets 2024: $3,743,6002024

Highlighted filing

2016

Assets$1,856,688
Liabilities$31,242
Net Assets$1,825,446

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $439,193Expenses 2013: $374,968Net Income 2013: $64,2252013Revenue 2014: $542,438Expenses 2014: $406,403Net Income 2014: $136,0352014Revenue 2015: $663,716Expenses 2015: $669,524Net Income 2015: -$5,8082015Revenue 2016: $515,206Expenses 2016: $364,515Net Income 2016: $150,6912016Revenue 2017: $524,413Expenses 2017: $383,986Net Income 2017: $140,4272017Revenue 2018: $462,854Expenses 2018: $339,038Net Income 2018: $123,8162018Revenue 2019: $434,070Expenses 2019: $424,628Net Income 2019: $9,4422019Revenue 2020: $242,840Expenses 2020: $424,932Net Income 2020: -$182,0922020Revenue 2021: $950,300Expenses 2021: $360,318Net Income 2021: $589,9822021Revenue 2022: $468,169Expenses 2022: $408,234Net Income 2022: $59,9352022Revenue 2023: $560,080Expenses 2023: $427,932Net Income 2023: $132,1482023Revenue 2024: $630,745Expenses 2024: $489,720Net Income 2024: $141,0252024

Highlighted filing

2016

Revenue$515,206
Expenses$364,515
Net Income$150,691
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 15, 2017
Return Version
2016v3.0
Gross Receipts
$1,804,324
Mission and Program Overview

Mission

The Submarine Force Library and Museum Association, Inc. works in conjunction with the U.S.S. Nautilus Memorial and Museum, to promote awareness, recognition and pride in the submarine force and its place in naval operations, past and present.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,442,271$1,506,430▲ $64,159
Cash and Non-Interest-Bearing Accounts$105,838$238,736▲ $132,898
Inventories for Sale or Use$96,033$97,849▲ $1,816
Land, Buildings, and Equipment, Net$12,850$7,103▼ $5,747
Prepaid Expenses and Deferred Charges$2,856$6,070▲ $3,214
Pledges and Grants Receivable$1,205$500▼ $705
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$1,661,053$1,856,688▲ $195,635
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$22,236$31,242▲ $9,006
Total Liabilities$22,236$31,242▲ $9,006
Net Assets / Fund Balance
Unrestricted Net Assets$1,637,612$1,824,946▲ $187,334
Temporarily Rstr Net Assets$1,205$500▼ $705
Total Net Assets Fund Balance$1,638,817$1,825,446▲ $186,629
Total Liabilities and Net Assets / Fund Balance$1,661,053$1,856,688▲ $195,635

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,103$98,655$105,758
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$171,601
Program Service Revenue
$0
Investment Income
$79,544
Other Revenue
$264,061
All Other Contributions
$171,601
Change in Net Assets
$150,691

Audited Revenue Reconciliation

Revenue per Audited Statements
$515,206
Revenue Not Reported on Form 990
$221,799
Total Revenue per Audited Statements
$737,005
Total Revenue per Form 990
$515,206
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$205,666
Other Expenses$158,849
Total Fundraising Expense$18,126
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$103,028$17,732-$120,760
Current Officers, Directors, Trustees, and Key Employees$13,792$55,170-$68,962
All Other Expenses$30,193$12,302$6,404$48,899
Fees for Services Accounting$5,705$13,605-$19,310
Payroll Taxes$10,378$5,566-$15,944
Other Expenses$12,629$631$11,722$11,722
Insurance$4,361$3,864-$8,225
Depreciation Depletion$5,747--$5,747
Occupancy$2,429--$2,429
Fees for Services Other$845$719-$1,564
Total Functional Expenses$236,800$109,589$18,126$364,515

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$550,376
Expenses per Audited Statements$364,515
Total Expenses per Form 990$364,515
Expenses Not Reported on Form 990$185,861
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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, Line 11B: Form 990 Review Process

The board is provided a copy of the form 990 prior to its filing. In addition, the executive director and board president review the form 990 in detail prior to signing and sumbitting to the irs.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

All compensation is reviewed and approved by the finance committee.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

All compensation is reviewed and approved by the finance committee.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Organizing documents and form 990 available upon request. Form 990 is available on guidestar.org

Filing and Contact Details

Filer

Filer Name
Submarine Force Library & Museum
EIN
23-7281074
Phone
8604480893
Address
PO BOX 928, Groton, CT 06340

Signing Officer

Name
David M Goebel
Title
President
Signed
2017-04-15
Discuss with paid preparer
Yes

Organization Details

Formed
1972
Legal Domicile
Ct
Voting Board Members
14
Independent Board Members
14
Employees
12
Volunteers
14

Preparer

Firm
Doherty Beals & Banks PC
Address
187 Williams St, New London, CT 06320
Preparer
Stacey L Gualtieri CPA
Phone
8604432033
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Administration: Column (A) - Total = $306; Column (B) - Program Services = $306; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

BRICK PAVER CAMPAIGN: Column (A) - Total = $4672; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $4672

Form 990, Part IX, Line 24E: Other Expenses

Collections and Library: Column (A) - Total = $5706; Column (B) - Program Services = $5706; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Miscellaneous: Column (A) - Total = $4905; Column (B) - Program Services = $2322; Column (C) - Management & General = $2583; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Postage and Shipping: Column (A) - Total = $5374; Column (B) - Program Services = $3389; Column (C) - Management & General = $1985; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Printing and Publications: Column (A) - Total = $155; Column (B) - Program Services = $45; Column (C) - Management & General = $110; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

PROGRAM EXPENSES: Column (A) - Total = $1556; Column (B) - Program Services = $1556; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Receptions: Column (A) - Total = $4559; Column (B) - Program Services = $2827; Column (C) - Management & General = $0; Column (D) - Fundraising = $1732

Form 990, Part IX, Line 24E: Other Expenses

SUPPLIES: Column (A) - Total = $10686; Column (B) - Program Services = $8306; Column (C) - Management & General = $2380; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TELEPHONE and internet: Column (A) - Total = $4932; Column (B) - Program Services = $0; Column (C) - Management & General = $4932; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Website: Column (A) - Total = $6048; Column (B) - Program Services = $5736; Column (C) - Management & General = $312; Column (D) - Fundraising = $0

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Cost of Goods Sold $167481

Part XII, Line 2D: Other expenses and losses per audited F/S

Cost of goods sold $167481

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