Civic Intelligence

Pelican Coast Conservancy Inc.

990 • Fiscal year 2020 • EIN 47-4565724

Jul 01, 2019 to Jun 30, 2020 • Filed on May 13, 2021

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

99th percentile

6.91x

Higher debt load relative to assets than 99% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

98th percentile

5.09x

Higher debt load relative to revenue than 98% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

3rd percentile

-502%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

100th percentile

$613,900

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 558.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

6th percentile

-63%

Faster asset growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

8th percentile

-81%

Faster revenue growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$80,968

Down $138,000 (-63%) from 2019

Net Assets

Down

-$478,777

Down $552,012 (-754%) from 2019

Liabilities

Up

$559,745

Up $414,012 (+284%) from 2019

Revenue

Down

$110,019

Down $475,748 (-81%) from 2019

Expenses

Up

$662,031

Up $285,502 (+76%) from 2019

Net Income

Down

-$552,012

Down $761,250 (-364%) from 2019

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

2020

Assets$80,968
Liabilities$559,745
Net Assets-$478,777

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

2020

Revenue$110,019
Expenses$662,031
Net Income-$552,012
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 13, 2021
Return Version
2019v5.0
Gross Receipts
$110,019
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--
Land, Buildings, and Equipment, Net$56,088$41,410▼ $14,678
Cash and Non-Interest-Bearing Accounts$76,480$39,558▼ $36,922
Total Assets$218,968$80,968▼ $138,000
Liabilities
Other Liabilities$127,584$511,695▲ $384,111
Unsecured Notes Loans Payable-$47,900-
Accounts Payable and Accrued Expenses$18,149$150▼ $17,999
Total Liabilities$145,733$559,745▲ $414,012
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$73,235$-478,777▼ $552,012
Total Net Assets Fund Balance$73,235$-478,777▼ $552,012
Total Liabilities and Net Assets / Fund Balance$218,968$80,968▼ $138,000

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$41,410$31,983$73,393
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert D Keller PhdCEO (non-votPT$264,900$349,000$613,900
Robert D Keller PhdCEO (non-voting)-$172,500$92,400$264,900
Walter ErnestDirector ofFT$81,635-$81,635

Board Members and Trustees

NameTitle
Amberle GodfreyDirector
Gary HammondDirector
Joe WalkerDirector
Ralph HavardDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$101,833
Program Service Revenue
$8,186
Investment Income
$0
Other Revenue
$0
All Other Contributions
$101,833
Change in Net Assets
$-552,012
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$596,013
Other Expenses$65,768
Grants and Similar Amounts Paid$250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$483,044--$483,044
Other Employee Benefits$82,046--$82,046
Payroll Taxes$25,075--$25,075
Depreciation Depletion$14,679--$14,679
Conferences and Meetings$6,218--$6,218
Occupancy$5,971--$5,971
Pension Plan Contributions$5,848--$5,848
Travel$5,502--$5,502
Fees for Services Accounting-$4,412-$4,412
Office Expenses$3,818--$3,818
Fees for Services Other-$2,160-$2,160
Information Technology$1,270--$1,270
Other Expenses$786--$786
All Other Expenses$569$42-$611
Grants to Domestic Orgs$250--$250
Total Functional Expenses$655,417$6,614$0$662,031
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$481,664
Payroll Liabilities$15,031
Unearned Professional Fees$15,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
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
2021-05-13
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
Skalski Cpas LLC
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.

Form 990, Page 2, Part III, Line 4D

The conservancy conducted monitoring of its conservation easements and incurring expenses for qualified staff and expenses of monitoring.

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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 1, PART II, LINE 5
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 1, PART II, LINE 9
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO (NON-VOTING)
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE CONSERVANCY OFTEN PAYS FOR FIRST CLASS TRAVEL SO THAT EMPLOYEES AND BOARD MEMBERS CAN CONDUCT BUSINESS ON THEIR FLIGHT. GIVEN THE LIMITED SPACE OF COACH CLASS SEATING, 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.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1COMPENSATION 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.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 1A
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE J, PAGE 1, PART I, LINE 3
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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 CONSERVANCY CONDUCTED MONITORING OF ITS CONSERVATION EASEMENTS AND INCURRING EXPENSES FOR QUALIFIED STAFF AND EXPENSES OF MONITORING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DRAFT OF THE FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS FOR REVIEW AND COMMENTS BEFORE BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PER 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/ExplanationTxt4COMPARISON 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/ExplanationTxt5COMPARISON TO SIMILAR POSITIONS IN OTHER LAND CONSERVATION ORGANIZATIONS FOR BOTH OFFICERS AND PAID STAFF IS USED TO DETERMINE A FAIR MARKET COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING 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 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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