Civic Intelligence

Pelican Coast Conservancy Inc.

990 • Fiscal year 2019 • EIN 47-4565724

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 06, 2020

403 Conti StMobile, AL 36602

(251) 222-8959

Siviq Scores

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

Liabilities / Assets

89th percentile

0.67x

Higher debt load relative to assets than 89% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

79th percentile

0.25x

Higher debt load relative to revenue than 79% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

86th percentile

36%

Higher net margin than 86% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

98th percentile

$305,990

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 52.2% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$218,968

No earlier filing loaded for comparison.

Net Assets

$73,235

No earlier filing loaded for comparison.

Liabilities

$145,733

No earlier filing loaded for comparison.

Revenue

$585,767

No earlier filing loaded for comparison.

Expenses

$376,529

No earlier filing loaded for comparison.

Net Income

$209,238

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0-$10MAssets 2019: $218,968Liabilities 2019: $145,733Net Assets 2019: $73,2352019Assets 2020: $80,968Liabilities 2020: $559,745Net Assets 2020: -$478,7772020Assets 2021: $36,087,677Liabilities 2021: $857,788Net Assets 2021: $35,229,8892021Assets 2022: $36,069,353Liabilities 2022: $925,135Net Assets 2022: $35,144,2182022Assets 2023: $36,079,710Liabilities 2023: $1,325,934Net Assets 2023: $34,753,7762023

Highlighted filing

2019

Assets$218,968
Liabilities$145,733
Net Assets$73,235

Operations Trend

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

$40M$30M$20M$10M$0-$10MRevenue 2019: $585,767Expenses 2019: $376,529Net Income 2019: $209,2382019Revenue 2020: $110,019Expenses 2020: $662,031Net Income 2020: -$552,0122020Revenue 2021: $36,179,183Expenses 2021: $470,517Net Income 2021: $35,708,6662021Revenue 2022: $300,627Expenses 2022: $386,298Net Income 2022: -$85,6712022Revenue 2023: $90,337Expenses 2023: $480,779Net Income 2023: -$390,4422023

Highlighted filing

2019

Revenue$585,767
Expenses$376,529
Net Income$209,238
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 6, 2020
Return Version
2018v3.2
Gross Receipts
$585,767
Mission and Program Overview

Mission

Organization's mission is to provide 21st century solutions and sound scientific applications for conservation of critical natural resources in the face of a changing climate focusing on the southeastern u.s. With specific utilization of geographic information systems applications in land conservation, ecosystems services, carbon sequestration and conservation biology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$86,400-
Cash and Non-Interest-Bearing Accounts$31,881$76,480▲ $44,599
Land, Buildings, and Equipment, Net$46,479$56,088▲ $9,609
Total Assets$78,360$218,968▲ $140,608
Liabilities
Other Liabilities$203,071$127,584▼ $75,487
Accounts Payable and Accrued Expenses$11,292$18,149▲ $6,857
Total Liabilities$214,363$145,733▼ $68,630
Net Assets / Fund Balance
Unrestricted Net Assets$-136,003$73,235▲ $209,238
Total Net Assets Fund Balance$-136,003$73,235▲ $209,238
Total Liabilities and Net Assets / Fund Balance$78,360$218,968▲ $140,608

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$56,088$17,305$73,393
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert D Keller PhdCEO (non-votPT$150,000$155,990$305,990
Robert D Keller PhdCEO (non-voting)-$150,000-$150,000
Walter ErnestDirector ofFT$83,397-$83,397

Board Members and Trustees

NameTitle
Amberle GodfreyDirector
Gary HammondDirector
Joe WalkerDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$461,330
Program Service Revenue
$124,437
Investment Income
$0
Other Revenue
$0
All Other Contributions
$461,330
Change in Net Assets
$209,238

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$310,598
Other Expenses$65,931
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$233,397--$233,397
Other Salaries and Wages$55,544--$55,544
Payroll Taxes$19,157--$19,157
Depreciation Depletion$12,141--$12,141
Travel$10,900--$10,900
Office Expenses$7,082$36-$7,118
Occupancy$5,109--$5,109
Fees for Services Legal-$3,687-$3,687
Conferences and Meetings$3,099--$3,099
Pension Plan Contributions$2,500--$2,500
Fees for Services Accounting-$2,000-$2,000
Other Expenses$1,474--$1,474
Information Technology$1,094--$1,094
Total Functional Expenses$370,806$5,723$0$376,529
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advances From Acc$127,584
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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, Page 6, Part VI, Line 11B

The draft of the form 990 is distributed to all board members for review and comments before being filed.

Form 990, Page 6, Part VI, Line 12C

Per conservancy's by-laws, a conflict of interest exists when a board member has a material interest in a transaction or project under consideration by the board of directors or when that person proposes to act on any issue, matter, or transaction in which the conservancy has an interest and in which the interested person may have an interest separate from that of the conservancy. A conflict of interest may also exist in situations in which there is the appearance that an interested person in utilizing for his or her own benefit inside information that is proprietary to the conservancy is acting in his or her own interest rather than the best interest of the conservancy because of his or her status as an interested person or major donor. Specific procedures for addressing conflicts of interest are outlined in conservancy's by-laws.

Form 990, Page 6, Part VI, Line 15A

Comparison to similar positions in other land conservation organizations, for both officers and paid staff is used to determine a fair market compensation. Consideration of the individual's number or hours dedicated to the conservancy and role as sole individual responsible for completion of transactions was also given to the ceo.

Form 990, Page 6, Part VI, Line 15B

Comparison to similar positions in other land conservation organizations for both officers and paid staff is used to determine a fair market compensation.

Form 990, Page 6, Part VI, Line 19

Governing documents, the conflict of interest policy, and financial statements are available to the public upon request. Additionally, form 990 and related schedules are available to the general public upon request.

Filing and Contact Details

Filer

Filer Name
Pelican Coast Conservancy Inc
EIN
47-4565724
Phone
2512228959
Address
403 CONTI ST, MOBILE, AL 36602

Signing Officer

Name
Robert D Keller Phd
Title
CEO (non-voting)
Phone
2512228959
Signed
2020-04-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert D Keller Phd
Formed
2015
Legal Domicile
Al
Voting Board Members
3
Independent Board Members
3
Employees
4

Preparer

Firm
Kimberly a Skalski CPA Pllc
Address
PO BOX 468627, ATLANTA, GA 31146-8627
Preparer
Kimberly a Skalski CPA
Phone
6783365303
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Organization's mission is to provide 21st century solutions and sound scientific applications for conservation of critical natural resources in the face of a changing climate focusing on the southeastern u.s. With specific utilization of geographic information systems applications in land conservation, ecosystems services, carbon sequestration and conservation biology.

Financial Statement Notes

Schedule D, Page 1, Part II, Line 5

The conservancy provides a publication entitled "general guidelines for conservation easement projects" to all donors which details the responsibility of the conservancy in providing monitoring of the properties under conservation easement not less than annually.

Schedule D, Page 1, Part II, Line 9

A conservation easement ("ce") is not a marketable interest in real estate and has no segregable economic value to the conservancy. The vested property rights granted to the conservancy in the ce agreement represents an intangible asset. Under the terms of the ce agreement, the occurence of specific conditions upon which these granted property rights may benefit the conservancy's future cash flows are considered by management as remote and unmeasurable. Therefore under generally accepted accounting principles ("gaap") a ce transaction represents neither donated assets or revenue, and thus is not recorded by the conservancy.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CONSERVANCY PROVIDES A PUBLICATION ENTITLED "GENERAL GUIDELINES FOR CONSERVATION EASEMENT PROJECTS" TO ALL DONORS WHICH DETAILS THE RESPONSIBILITY OF THE CONSERVANCY IN PROVIDING MONITORING OF THE PROPERTIES UNDER CONSERVATION EASEMENT NOT LESS THAN ANNUALLY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1A CONSERVATION EASEMENT ("CE") IS NOT A MARKETABLE INTEREST IN REAL ESTATE AND HAS NO SEGREGABLE ECONOMIC VALUE TO THE CONSERVANCY. THE VESTED PROPERTY RIGHTS GRANTED TO THE CONSERVANCY IN THE CE AGREEMENT REPRESENTS AN INTANGIBLE ASSET. UNDER THE TERMS OF THE CE AGREEMENT, THE OCCURENCE OF SPECIFIC CONDITIONS UPON WHICH THESE GRANTED PROPERTY RIGHTS MAY BENEFIT THE CONSERVANCY'S FUTURE CASH FLOWS ARE CONSIDERED BY MANAGEMENT AS REMOTE AND UNMEASURABLE. THEREFORE UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ("GAAP") A CE TRANSACTION REPRESENTS NEITHER DONATED ASSETS OR REVENUE, AND THUS IS NOT RECORDED BY THE CONSERVANCY.
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0PART I, LINE 1A - FRNGE OR EXPENSE EXPLANATION THE CONSERVANCY OFTEN PAYS FOR FIRST CLASS TRAVEL SO THAT EMPLOYEES AND BOARD MEMBERS CAN CONDUCT BUSINESS ON THEIR FLIGHT. GIVEN THE LIMITED SPACE OF A COACH CLASS SEAT, WORKING ON A LAPTOP OR OTHER DEVICE IS DIFFICULT AT BEST. ADDITIONALLY, CONFIDENTIALITY OF INFORMATION IS MUCH HARDER TO MAINTAIN IN THE CONFINEMENT OF THE COACH SPACE. PART I, LINE 3 - RELATED ORG METHODS USED FOR COMPENSATION EXPLANATION COMPENSATION IS DETERMINED THROUGH EXAMINATION OF SIMILAR ORGANIZATIONS, SALARY SURVEYS OF SIMILAR POSITIONS IN BOTH FOR PROFIT AND NON-PROFIT ORGANIZATIONS, AND CONSIDERATION OF THE HOURS CONTRIBUTED PER WEEK AS THE CONSERVANCY'S ONLY EXECUTIVE CARRYING OUT THE TRANSACTIONS SUPPORTING THE MISSION OF THE ORGANIZATION.
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0SCHEDULE M - SUPPLEMENTAL INFORMATION PART 1, LINE 14 COL (B) - REPRESENTS NUMBER OF CONTRIBUTIONS. THE CONSERVANCY WAS GRANTED 11 CONSERVATION EASEMENTS. SEE SCHEDULE D FOR FURTHER INFORMATION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S MISSION IS TO PROVIDE 21ST CENTURY SOLUTIONS AND SOUND SCIENTIFIC APPLICATIONS FOR CONSERVATION OF CRITICAL NATURAL RESOURCES IN THE FACE OF A CHANGING CLIMATE FOCUSING ON THE SOUTHEASTERN U.S. WITH SPECIFIC UTILIZATION OF GEOGRAPHIC INFORMATION SYSTEMS APPLICATIONS IN LAND CONSERVATION, ECOSYSTEMS SERVICES, CARBON SEQUESTRATION AND CONSERVATION BIOLOGY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DRAFT OF THE FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS FOR REVIEW AND COMMENTS BEFORE BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PER CONSERVANCY'S BY-LAWS, A CONFLICT OF INTEREST EXISTS WHEN A BOARD MEMBER HAS A MATERIAL INTEREST IN A TRANSACTION OR PROJECT UNDER CONSIDERATION BY THE BOARD OF DIRECTORS OR WHEN THAT PERSON PROPOSES TO ACT ON ANY ISSUE, MATTER, OR TRANSACTION IN WHICH THE CONSERVANCY HAS AN INTEREST AND IN WHICH THE INTERESTED PERSON MAY HAVE AN INTEREST SEPARATE FROM THAT OF THE CONSERVANCY. A CONFLICT OF INTEREST MAY ALSO EXIST IN SITUATIONS IN WHICH THERE IS THE APPEARANCE THAT AN INTERESTED PERSON IN UTILIZING FOR HIS OR HER OWN BENEFIT INSIDE INFORMATION THAT IS PROPRIETARY TO THE CONSERVANCY IS ACTING IN HIS OR HER OWN INTEREST RATHER THAN THE BEST INTEREST OF THE CONSERVANCY BECAUSE OF HIS OR HER STATUS AS AN INTERESTED PERSON OR MAJOR DONOR. SPECIFIC PROCEDURES FOR ADDRESSING CONFLICTS OF INTEREST ARE OUTLINED IN CONSERVANCY'S BY-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPARISON TO SIMILAR POSITIONS IN OTHER LAND CONSERVATION ORGANIZATIONS, FOR BOTH OFFICERS AND PAID STAFF IS USED TO DETERMINE A FAIR MARKET COMPENSATION. CONSIDERATION OF THE INDIVIDUAL'S NUMBER OR HOURS DEDICATED TO THE CONSERVANCY AND ROLE AS SOLE INDIVIDUAL RESPONSIBLE FOR COMPLETION OF TRANSACTIONS WAS ALSO GIVEN TO THE CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPARISON TO SIMILAR POSITIONS IN OTHER LAND CONSERVATION ORGANIZATIONS FOR BOTH OFFICERS AND PAID STAFF IS USED TO DETERMINE A FAIR MARKET COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY, FORM 990 AND RELATED SCHEDULES ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT D KELLER PHD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO (NON-VOTING)
ReturnHeader/BusinessOfficerGrp/PhoneNum02512228959
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PELICAN COAST CONSERVANCY INC
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ReturnHeader/FilingSecurityInformation/IPDt02020-04-06
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ReturnHeader/FilingSecurityInformation/IPTm013:10:55
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0473037087
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KIMBERLY A SKALSKI CPA PLLC

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