Civic Intelligence

Shellbourne Inc.

990 • Fiscal year 2015 • EIN 35-1266330

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 14, 2016

359 West 200 NorthValparaiso, IN 46385-7729

(773) 283-5800

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

93rd percentile

60%

Higher net margin than 93% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

88th percentile

29%

Faster asset growth than 88% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

91st percentile

66%

Faster revenue growth than 91% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$7,977,823

Up $1,776,324 (+29%) from 2014

Net Assets

Up

$7,977,823

Up $1,776,324 (+29%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$2,965,013

Up $1,175,799 (+66%) from 2014

Expenses

Down

$1,188,689

Down $115,346 (-8.8%) from 2014

Net Income

Up

$1,776,324

Up $1,291,145 (+266%) from 2014

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2014: $6,201,499Liabilities 2014: $0Net Assets 2014: $6,201,4992014Assets 2015: $7,977,823Liabilities 2015: $0Net Assets 2015: $7,977,8232015Assets 2016: $8,333,095Liabilities 2016: $0Net Assets 2016: $8,333,0952016Assets 2017: $8,215,078Liabilities 2017: $0Net Assets 2017: $8,215,0782017Assets 2018: $8,076,804Liabilities 2018: $0Net Assets 2018: $8,076,8042018Assets 2019: $7,873,762Liabilities 2019: $10,365Net Assets 2019: $7,863,3972019Assets 2020: $7,972,591Liabilities 2020: $147,200Net Assets 2020: $7,825,3912020Assets 2021: $7,796,510Liabilities 2021: $0Net Assets 2021: $7,796,5102021Assets 2022: $7,924,995Liabilities 2022: $5,386Net Assets 2022: $7,919,6092022Assets 2024: $7,760,874Liabilities 2024: $74,959Net Assets 2024: $7,685,9152024

Highlighted filing

2015

Assets$7,977,823
Liabilities$0
Net Assets$7,977,823

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $1,789,214Expenses 2014: $1,304,035Net Income 2014: $485,1792014Revenue 2015: $2,965,013Expenses 2015: $1,188,689Net Income 2015: $1,776,3242015Revenue 2016: $1,677,944Expenses 2016: $1,322,672Net Income 2016: $355,2722016Revenue 2017: $1,224,030Expenses 2017: $1,342,047Net Income 2017: -$118,0172017Revenue 2018: $1,507,754Expenses 2018: $1,646,028Net Income 2018: -$138,2742018Revenue 2019: $1,481,524Expenses 2019: $1,694,931Net Income 2019: -$213,4072019Revenue 2020: $1,543,060Expenses 2020: $1,581,066Net Income 2020: -$38,0062020Revenue 2021: $1,573,745Expenses 2021: $1,602,626Net Income 2021: -$28,8812021Revenue 2022: $1,692,477Expenses 2022: $1,569,378Net Income 2022: $123,0992022Revenue 2024: $1,634,373Expenses 2024: $1,664,181Net Income 2024: -$29,8082024

Highlighted filing

2015

Revenue$2,965,013
Expenses$1,188,689
Net Income$1,776,324
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 14, 2016
Return Version
2015v2.1
Gross Receipts
$2,981,680
Mission and Program Overview

Mission

To foster religious and cultural formation of men and women, to teach the application of christian principles to everyday life, and to promote christian morals and benevolence.

To foster religious and cultural formation of men and women, to teach the application of christian principles to everyday life, and to promote christian morals and benevolence

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,659,481$7,722,801▲ $2,063,320
Cash and Non-Interest-Bearing Accounts$532,417$184,608▼ $347,809
Savings and Temporary Cash Investments$9,601$70,414▲ $60,813
Total Assets$6,201,499$7,977,823▲ $1,776,324
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$6,201,499$7,925,412▲ $1,723,913
Temporarily Rstr Net Assets-$52,411-
Total Net Assets Fund Balance$6,201,499$7,977,823▲ $1,776,324
Total Liabilities and Net Assets / Fund Balance$6,201,499$7,977,823▲ $1,776,324

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,137,461$3,440,354$10,577,815
Other Land Buildings$356,137$608,813$964,950
Land$229,203-$229,203
Equipment$0$22,416$22,416
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eugene T CarterPresident
John M WildesFormer Vice President
Andrea NagodeVice President
Charles CushnieVice President
Audrey KetolaDirector
Emma AlegreDirector
Michael WinnDirector
Timothy C HoganDirector
Virginia CollinsDirector
George J WitousSecretary
Gregory G GieblerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,922,223
Program Service Revenue
$1,040,502
Investment Income
$0
Other Revenue
$2,288
All Other Contributions
$1,922,223
Change in Net Assets
$1,776,324
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$736,102
Salaries, Compensation, and Employee Benefits$425,664
Total Fundraising Expense$43,533
Grants and Similar Amounts Paid$26,923
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$248,835$29,275$14,637$292,747
Occupancy$214,697$24,631$9,852$249,180
Depreciation Depletion$153,736$18,087$9,043$180,866
Other Employee Benefits$92,302$10,859$5,429$108,590
Insurance$28,878$3,676$1,714$34,268
Conferences and Meetings$29,989--$29,989
Grants to Domestic Orgs$26,923--$26,923
Payroll Taxes$20,678$2,433$1,216$24,327
All Other Expenses$7,686$318$35$8,039
Travel$2,706$2,706$601$6,013
Office Expenses$4,719$575$277$5,571
Other Expenses$13,732$5,544$691$5,544
Fees for Services Other-$4,046-$4,046
Advertising$1,083$339$38$1,460
Total Functional Expenses$1,039,819$105,337$43,533$1,188,689
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rosemoor Foundation IncNew York, NY501(c)(3)General Support$26,923
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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 11

Copies of the form 990 are distributed to board members for their review and comment, before filing the form 990. Any questions are resolved by management.

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

The organization reviews all major decisions relating to significant organizational expenses for possible conflicts of interest among board members and key employees.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Shellbourne Inc
EIN
35-1266330
Phone
7732835800
Address
359 WEST 200 NORTH, VALPARAISO, IN 46385-7729

Signing Officer

Name
Andrea Nagode
Title
Vice President
Phone
7732835800
Signed
2016-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrea Nagode
Formed
1971
Legal Domicile
In
Voting Board Members
10
Independent Board Members
10
Employees
64
Volunteers
30

Preparer

Firm
DUGAN & LOPATKA CPA'S PC
Address
104 E ROOSEVELT ROAD SUITE 102, WHEATON, IL 60187-5267
Preparer
Hugh Elliott
Phone
6306654440
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt112000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28663
IRS990/ProgSrvcAccomActy2Grp/Desc0GRANT TO ROSEMOOR FOUNDATION (A 501(C)(3) CORPORATION) IN SUPPORT OF THE APOSTOLATES OF THE ROMAN CATHOLIC PRELATURE OPUS DEI
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt026923
IRS990/ProgSrvcAccomActy2Grp/GrantAmt026923
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0751982
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt020400
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0786995
IRS990/PYOtherRevenueAmt05487
IRS990/PYProgramServiceRevenueAmt01031745
IRS990/PYRevenuesLessExpensesAmt0485179
IRS990/PYSalariesCompEmpBnftPaidAmt0496640
IRS990/PYTotalExpensesAmt01304035
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01789214
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01776324
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01042038
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0752
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0752
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09601
IRS990/SavingsAndTempCashInvstGrp/EOYAmt070414
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt07425
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt01000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt04600
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt04985
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt04300
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt022310
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0$24,042 WAS RECEIVED IN 2011 AS AN INSURANCE SETTLEMENT ON A LIGHTNING DAMAGE LOSS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01922223
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0751982
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0117176
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt035978
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt022105
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02849464
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0752
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01945
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04784
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0503
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03935
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt011919
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01058705
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01048149
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01104721
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01092940
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0970263
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05274778
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0752
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01945
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04784
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0503
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03935
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt011919
IRS990ScheduleA/InvestmentIncomeCYPct00.00150
IRS990ScheduleA/InvestmentIncomePYPct00.00240
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0175
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt024042
IRS990ScheduleA/OtherIncome509Grp/TotalAmt024217
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99280
IRS990ScheduleA/PublicSupportPY509Pct00.99090
IRS990ScheduleA/PublicSupportTotal509Amt08101932
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt07425
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt01000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt04600
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt04985
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt04300
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt022310
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02980928
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01800131
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01221897
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01128918
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0992368
IRS990ScheduleA/Total509Grp/TotalAmt08124242
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02981680
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01802251
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01226681
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01129421
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01020345
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08160378
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt07137461
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03440354
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010577815
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022416
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022416
IRS990ScheduleD/LandGrp/BookValueAmt0229203
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0229203
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0356137
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0608813
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0964950
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07722801
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt026923
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ROSEMOOR FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0133281516
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0117 E 70TH ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010021
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD MEMBERS OF SHELLBOURNE, INC. ARE VERY FAMILIAR WITH THE CHARITABLE OPERATIONS OF ROSEMOOR FOUNDATION, INC. AND CONFIDENT THAT THE GRANTS MADE TO ROSEMOOR FOUNDATION ARE USED IN FURTHERANCE OF ITS EXEMPT PURPOSES. ONE OF THE OFFICERS OF SHELLBOURNE, INC. IS ALSO AN OFFICER OF ROSEMOOR FOUNDATION, INC.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPIES OF THE FORM 990 ARE DISTRIBUTED TO BOARD MEMBERS FOR THEIR REVIEW AND COMMENT, BEFORE FILING THE FORM 990. ANY QUESTIONS ARE RESOLVED BY MANAGEMENT.

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