Civic Intelligence

Submarine Force Library & Museum Association Inc

990 • Fiscal year 2017 • EIN 23-7281074

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 06, 2018

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

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

28th percentile

0.02x

Higher debt load relative to revenue than 28% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

82nd percentile

27%

Higher net margin than 82% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

52nd percentile

$67,578

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 12.9% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

80th percentile

19%

Faster asset growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

43rd percentile

1.8%

Faster revenue growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,212,685

Up $355,997 (+19%) from 2016

Net Assets

Up

$2,200,197

Up $374,751 (+21%) from 2016

Liabilities

Down

$12,488

Down $18,754 (-60%) from 2016

Revenue

Up

$524,413

Up $9,207 (+1.8%) from 2016

Expenses

Up

$383,986

Up $19,471 (+5.3%) from 2016

Net Income

Down

$140,427

Down $10,264 (-6.8%) from 2016

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

2017

Assets$2,212,685
Liabilities$12,488
Net Assets$2,200,197

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

2017

Revenue$524,413
Expenses$383,986
Net Income$140,427
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 6, 2018
Return Version
2017v2.2
Gross Receipts
$688,121
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$1,506,430$1,846,042▲ $339,612
Cash and Non-Interest-Bearing Accounts$238,736$270,759▲ $32,023
Inventories for Sale or Use$97,849$87,393▼ $10,456
Prepaid Expenses and Deferred Charges$6,070$5,571▼ $499
Land, Buildings, and Equipment, Net$7,103$2,370▼ $4,733
Pledges and Grants Receivable$500$550▲ $50
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$1,856,688$2,212,685▲ $355,997
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$31,242$12,488▼ $18,754
Total Liabilities$31,242$12,488▼ $18,754
Net Assets / Fund Balance
Unrestricted Net Assets$1,824,946$2,199,647▲ $374,701
Temporarily Rstr Net Assets$500$550▲ $50
Total Net Assets Fund Balance$1,825,446$2,200,197▲ $374,751
Total Liabilities and Net Assets / Fund Balance$1,856,688$2,212,685▲ $355,997

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,370$103,388$105,758
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$217,804
Program Service Revenue
$0
Investment Income
$55,641
Other Revenue
$250,968
All Other Contributions
$217,804
Change in Net Assets
$140,427

Audited Revenue Reconciliation

Revenue per Audited Statements
$524,413
Revenue Not Reported on Form 990
$416,412
Total Revenue per Audited Statements
$940,825
Total Revenue per Form 990
$524,413
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$203,632
Other Expenses$180,354
Total Fundraising Expense$25,844
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$99,230$13,289$7,483$120,002
Current Officers, Directors, Trustees, and Key Employees$13,516$54,062-$67,578
All Other Expenses$28,523$13,428$4,452$46,403
Fees for Services Accounting$5,548$12,848-$18,396
Payroll Taxes$10,523$4,976$553$16,052
Other Expenses$14,128$746$13,356$13,356
Insurance$5,132$4,182-$9,314
Depreciation Depletion$4,733--$4,733
Occupancy$2,697--$2,697
Fees for Services Other$631$810-$1,441
Total Functional Expenses$253,801$104,341$25,844$383,986

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$566,074
Expenses per Audited Statements$383,986
Total Expenses per Form 990$383,986
Expenses Not Reported on Form 990$182,088
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
2018-04-06
Discuss with paid preparer
Yes

Organization Details

Formed
1972
Legal Domicile
Ct
Voting Board Members
13
Independent Board Members
13
Employees
12
Volunteers
13

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 = $830; Column (B) - Program Services = $830; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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

BRICK PAVER CAMPAIGN: Column (A) - Total = $2630; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $2630

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

Collections and Library: Column (A) - Total = $1905; Column (B) - Program Services = $1905; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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

Miscellaneous: Column (A) - Total = $5761; Column (B) - Program Services = $2314; Column (C) - Management & General = $3447; Column (D) - Fundraising = $0

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

Postage and Shipping: Column (A) - Total = $5797; Column (B) - Program Services = $3418; Column (C) - Management & General = $2379; Column (D) - Fundraising = $0

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

Printing and Publications: Column (A) - Total = $1587; Column (B) - Program Services = $1587; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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

PROGRAM EXPENSES: Column (A) - Total = $923; Column (B) - Program Services = $923; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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

Receptions: Column (A) - Total = $4794; Column (B) - Program Services = $2972; Column (C) - Management & General = $0; Column (D) - Fundraising = $1822

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

SUPPLIES: Column (A) - Total = $9418; Column (B) - Program Services = $7373; Column (C) - Management & General = $2045; Column (D) - Fundraising = $0

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

TELEPHONE and internet: Column (A) - Total = $4959; Column (B) - Program Services = $0; Column (C) - Management & General = $4959; Column (D) - Fundraising = $0

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

Website: Column (A) - Total = $7799; Column (B) - Program Services = $7201; Column (C) - Management & General = $598; 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 $163708

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

Cost of goods sold $163708

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