Civic Intelligence

Shellbourne Inc.

990 • Fiscal year 2017 • EIN 35-1266330

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 26, 2018

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

7th percentile

0.00x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

7th percentile

0.00x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

18th percentile

-9.6%

Higher net margin than 18% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

22nd percentile

$34,228

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

29th percentile

-1.4%

Faster asset growth than 29% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

9th percentile

-27%

Faster revenue growth than 9% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$8,215,078

Down $118,017 (-1.4%) from 2016

Net Assets

Down

$8,215,078

Down $118,017 (-1.4%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$1,224,030

Down $453,914 (-27%) from 2016

Expenses

Up

$1,342,047

Up $19,375 (+1.5%) from 2016

Net Income

Down

-$118,017

Down $473,289 (-133%) from 2016

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

2017

Assets$8,215,078
Liabilities$0
Net Assets$8,215,078

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

2017

Revenue$1,224,030
Expenses$1,342,047
Net Income-$118,017
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 26, 2018
Return Version
2017v2.3
Gross Receipts
$1,235,492
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,088,737$8,003,329▼ $85,408
Cash and Non-Interest-Bearing Accounts$233,574$189,714▼ $43,860
Savings and Temporary Cash Investments$10,784$22,035▲ $11,251
Total Assets$8,333,095$8,215,078▼ $118,017
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$8,283,432$8,213,491▼ $69,941
Temporarily Rstr Net Assets$49,663$1,587▼ $48,076
Total Net Assets Fund Balance$8,333,095$8,215,078▼ $118,017
Total Liabilities and Net Assets / Fund Balance$8,333,095$8,215,078▼ $118,017

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,351,082$3,840,360$11,191,442
Other Land Buildings$423,044$676,331$1,099,375
Land$229,203-$229,203
Equipment$0$22,416$22,416
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Ashley PetrosDirector$8,008$26,220$34,228

Board Members and Trustees

NameTitle
Eugene T CarterPresident
Andrea NagodeFormer Vice President
Chalres CushnieVice President
Maria Pilar RaccaVice President
Aileen ChangDirector
Audrey KetolaDirector
Michael WinnDirector
Sheryll WernerDirector
Maria Aurora MierFormer Director
Timothy C HoganFormer Director
George J WitousSecretary
Gregory G GieblerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$100,783
Program Service Revenue
$1,115,562
Investment Income
$0
Other Revenue
$7,685
All Other Contributions
$100,783
Change in Net Assets
$-118,017
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$855,516
Salaries, Compensation, and Employee Benefits$461,532
Total Fundraising Expense$49,635
Grants and Similar Amounts Paid$24,999
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$249,639$26,881$10,752$287,272
Other Salaries and Wages$235,626$28,663$14,331$278,620
Depreciation Depletion$206,674$24,315$12,157$243,146
Other Employee Benefits$103,647$15,279$7,639$126,565
Insurance$31,606$4,029$1,875$37,510
Current Officers, Directors, Trustees, and Key Employees$34,228--$34,228
Conferences and Meetings$28,834--$28,834
Grants to Domestic Orgs$24,999--$24,999
Payroll Taxes$18,801$2,212$1,106$22,119
Other Expenses$12,619$10,315$672$10,315
All Other Expenses$6,493$1,091$121$7,705
Travel$3,069$3,069$682$6,820
Office Expenses$5,072$625$300$5,997
Fees for Services Other-$4,679-$4,679
Fees for Services Accounting-$3,780-$3,780
Total Functional Expenses$1,163,964$128,448$49,635$1,342,047
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rosemoor Foundation IncNew York, NY501(c)(3)General Support$24,999
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 11B

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
Eugene Carter
Title
President
Phone
7732835800
Signed
2018-07-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eugene Carter
Formed
1971
Legal Domicile
In
Voting Board Members
10
Independent Board Members
9
Employees
81
Volunteers
30

Preparer

Firm
DUGAN & LOPATKA CPA'S PC
Address
104 E ROOSEVELT ROAD SUITE 102, WHEATON, IL 60187-5267
Preparer
Ron Marklund
Phone
6306654440
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Youth program services: program service expenses 4,514. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,514. Miscellaneous: program service expenses 1,979. Management and general expenses 1,091. Fundraising expenses 121. Total expenses 3,191.

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IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03500
IRS990/OtherRevenueTotalAmt03500
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt014331
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt028663
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0235626
IRS990/OtherSalariesAndWagesGrp/TotalAmt0278620
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01106
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02212
IRS990/PayrollTaxesGrp/ProgramServicesAmt018801
IRS990/PayrollTaxesGrp/TotalAmt022119
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0EUGENE CARTER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0721310
IRS990/ProgramServiceRevenueGrp/BusinessCd1812900
IRS990/ProgramServiceRevenueGrp/BusinessCd2721310
IRS990/ProgramServiceRevenueGrp/Desc0GENERAL TUITION & ACTI
IRS990/ProgramServiceRevenueGrp/Desc1ALTAR BREAD SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2ROOM AND BOARD FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01097653
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19409
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt28500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01097653
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19409
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28500
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/ExpenseAmt024999
IRS990/ProgSrvcAccomActy2Grp/GrantAmt024999
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0523824
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt023076
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0862969
IRS990/PYOtherRevenueAmt05789
IRS990/PYProgramServiceRevenueAmt01148331
IRS990/PYRevenuesLessExpensesAmt0355272
IRS990/PYSalariesCompEmpBnftPaidAmt0436627
IRS990/PYTotalExpensesAmt01322672
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01677944
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-118017
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01122510
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0737
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0737
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010784
IRS990/SavingsAndTempCashInvstGrp/EOYAmt022035
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt07140
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt07425
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt07425
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt01000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt04600
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt027590
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS - 2014 AMOUNT: $ 175. 2017 AMOUNT: $ 3,500.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0100783
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0523824
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01922223
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0751982
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0117176
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03415988
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0737
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0368
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0752
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01945
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04784
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08586
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01130472
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01164780
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01058705
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01048149
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01104721
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05506827
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0737
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0368
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0752
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01945
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04784
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt08586
IRS990ScheduleA/InvestmentIncomeCYPct00.00100
IRS990ScheduleA/InvestmentIncomePYPct00.00090
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03500
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0175
IRS990ScheduleA/OtherIncome509Grp/TotalAmt03675
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99550
IRS990ScheduleA/PublicSupportPY509Pct00.99620
IRS990ScheduleA/PublicSupportTotal509Amt08895225
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt07140
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt07425
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt07425
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt01000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt04600
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt027590
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01231255
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01688604
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02980928
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01800131
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01221897
IRS990ScheduleA/Total509Grp/TotalAmt08922815
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01235492
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01688972
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02981680
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01802251
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01226681
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08935076
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt07351082
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03840360
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011191442
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022416
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022416
IRS990ScheduleD/LandGrp/BookValueAmt0229203
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0229203
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0423044
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0676331
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01099375
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08003329
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt024999
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ROSEMOOR FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0133281516

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