Civic Intelligence

Historic Sotterley Inc.

990 • Fiscal year 2018 • EIN 52-6037721

Jul 01, 2017 to Jun 30, 2018 • Filed on Jun 14, 2019

44300 Sotterley Lane PO Box 67Hollywood, MD 20636

(301) 373-2280

Siviq Scores

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

Liabilities / Assets

39th percentile

0.04x

Higher debt load relative to assets than 39% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

51st percentile

0.10x

Higher debt load relative to revenue than 51% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

55th percentile

4.9%

Higher net margin than 55% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

43rd percentile

$44,423

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

35th percentile

-2.4%

Faster asset growth than 35% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

89th percentile

55%

Faster revenue growth than 89% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$2,976,129

Down $73,643 (-2.4%) from 2017

Net Assets

Up

$2,861,535

Up $57,063 (+2.0%) from 2017

Liabilities

Down

$114,594

Down $130,706 (-53%) from 2017

Revenue

Up

$1,176,947

Up $419,869 (+55%) from 2017

Expenses

Up

$1,119,795

Up $129,091 (+13%) from 2017

Net Income

Up

$57,152

Up $290,778 (+124%) from 2017

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 2011: $3,470,525Liabilities 2011: $111,844Net Assets 2011: $3,358,6812011Assets 2012: $3,444,520Liabilities 2012: $83,306Net Assets 2012: $3,361,2142012Assets 2013: $3,337,760Liabilities 2013: $68,892Net Assets 2013: $3,268,8682013Assets 2014: $3,221,619Liabilities 2014: $115,260Net Assets 2014: $3,106,3592014Assets 2015: $3,148,381Liabilities 2015: $159,918Net Assets 2015: $2,988,4632015Assets 2016: $3,165,547Liabilities 2016: $132,494Net Assets 2016: $3,033,0532016Assets 2017: $3,049,772Liabilities 2017: $245,300Net Assets 2017: $2,804,4722017Assets 2018: $2,976,129Liabilities 2018: $114,594Net Assets 2018: $2,861,5352018Assets 2019: $3,107,043Liabilities 2019: $155,467Net Assets 2019: $2,951,5762019Assets 2020: $3,160,933Liabilities 2020: $106,258Net Assets 2020: $3,054,6752020Assets 2021: $3,050,026Liabilities 2021: $114,478Net Assets 2021: $2,935,5482021Assets 2022: $2,897,819Liabilities 2022: $236Net Assets 2022: $2,897,5832022Assets 2023: $2,707,252Liabilities 2023: $16,079Net Assets 2023: $2,691,1732023Assets 2024: $2,893,739Liabilities 2024: $75,663Net Assets 2024: $2,818,0762024

Highlighted filing

2018

Assets$2,976,129
Liabilities$114,594
Net Assets$2,861,535

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $613,071Expenses 2011: $654,153Net Income 2011: -$41,0822011Revenue 2012: $866,120Expenses 2012: $862,074Net Income 2012: $4,0462012Revenue 2013: $776,816Expenses 2013: $872,182Net Income 2013: -$95,3662013Revenue 2014: $603,030Expenses 2014: $769,923Net Income 2014: -$166,8932014Revenue 2015: $801,338Expenses 2015: $885,254Net Income 2015: -$83,9162015Revenue 2016: $880,313Expenses 2016: $810,315Net Income 2016: $69,9982016Revenue 2017: $757,078Expenses 2017: $990,704Net Income 2017: -$233,6262017Revenue 2018: $1,176,947Expenses 2018: $1,119,795Net Income 2018: $57,1522018Revenue 2019: $1,099,301Expenses 2019: $1,076,460Net Income 2019: $22,8412019Revenue 2020: $1,000,307Expenses 2020: $899,413Net Income 2020: $100,8942020Revenue 2021: $719,103Expenses 2021: $843,881Net Income 2021: -$124,7782021Revenue 2022: $760,421Expenses 2022: $798,386Net Income 2022: -$37,9652022Revenue 2023: $939,241Expenses 2023: $1,145,651Net Income 2023: -$206,4102023Revenue 2024: $1,252,309Expenses 2024: $1,173,807Net Income 2024: $78,5022024

Highlighted filing

2018

Revenue$1,176,947
Expenses$1,119,795
Net Income$57,152
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jun 14, 2019
Return Version
2017v2.2
Gross Receipts
$1,378,107
Mission and Program Overview

Mission

The mission is to preserve, research, and interpret sotterley plantations diverse cultures and environments and to serve the world as an educational, cultural, and community resource.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,596,833$2,537,114▼ $59,719
Savings and Temporary Cash Investments$107,056$64,663▼ $42,393
Cash and Non-Interest-Bearing Accounts$70,281$62,199▼ $8,082
Investments in Publicly Traded Securities$48,189$44,321▼ $3,868
Pledges and Grants Receivable$22,788$35,029▲ $12,241
Accounts Receivable$2,918$13,375▲ $10,457
Prepaid Expenses and Deferred Charges$905$8,155▲ $7,250
Inventories for Sale or Use$8,207$7,678▼ $529
Total Assets$3,049,772$2,976,129▼ $73,643
Other Assets Total$192,595$203,595▲ $11,000
Liabilities
Unsecured Notes Loans Payable$98,420--
Accounts Payable and Accrued Expenses$72,927$67,957▼ $4,970
Deferred Revenue$46,040$31,095▼ $14,945
Other Liabilities$27,487$15,542▼ $11,945
Mortgage Notes Payable Secured by Investment Property$426--
Total Liabilities$245,300$114,594▼ $130,706
Net Assets / Fund Balance
Unrestricted Net Assets$2,631,751$2,571,588▼ $60,163
Temporarily Rstr Net Assets$137,601$254,827▲ $117,226
Permanently Rstr Net Assets$35,120$35,120→ $0
Total Net Assets Fund Balance$2,804,472$2,861,535▲ $57,063
Total Liabilities and Net Assets / Fund Balance$3,049,772$2,976,129▼ $73,643

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,764,626$1,412,821$3,177,447
Land$655,500-$655,500
Equipment$116,988$187,150$304,138
Other Assets Org$11,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$48,217-▲ $4,094$7,492$44,819
2016$44,203-▲ $6,478$2,464$48,217
2015$47,800-▼ $1,154$2,443$44,203
2014$49,449-▲ $829$2,478$47,800
2013$44,637$350▲ $6,921$2,459$49,449
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nancy EasterlingExecutive DirectorFT$44,423$44,423

Board Members and Trustees

NameTitle
Charles JohnstonPresident
Jan BriscoeVice President
Bob AldridgeDirector
Bonnie GreenDirector
Gregory ProctorDirector
Joseph DyerDirector
Julie Burk-greerDirector
Martin CallumDirector
Michael ClaytonDirector
Raymond DodsonDirector
Thomas RussellDirector
Lynn FitrellSecretary
James BurkeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$995,056
Program Service Revenue
$24,725
Investment Income
$24,974
Other Revenue
$132,192
All Other Contributions
$794,183
Change in Net Assets
$57,152

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$127,968Fair Market Value (FMV)
Total Noncash Contributions$127,968-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,176,947
Revenue Not Reported on Form 990
$68,108
Total Revenue per Audited Statements
$1,245,055
Total Revenue per Form 990
$1,176,947
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$647,175
Salaries, Compensation, and Employee Benefits$472,620
Total Fundraising Expense$94,063
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$269,108$37,895$47,130$354,133
Occupancy$135,645--$135,645
Depreciation Depletion$80,151$20,038-$100,189
Other Expenses$58,234$8,637$2,269$58,234
Current Officers, Directors, Trustees, and Key Employees$42,685$6,011$7,476$56,172
Fees for Services Other$14,592$9,461$24,669$48,722
Payroll Taxes$25,536$3,596$4,480$33,612
Other Employee Benefits$21,807$3,070$3,826$28,703
Office Expenses$11,754$6,745$4,213$22,712
Insurance$13,698$3,226-$16,924
Travel$11,961--$11,961
Information Technology-$7,443-$7,443
Interest-$4,248-$4,248
Advertising-$1,556-$1,556
Fees for Service Investment Mgmnt Fees-$1,007-$1,007
Total Functional Expenses$912,799$112,933$94,063$1,119,795

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,187,992
Expenses per Audited Statements$1,119,795
Total Expenses per Form 990$1,119,795
Expenses Not Reported on Form 990$68,197
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$182,666
Fundraising Direct Expenses$119,100
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Winefest$143,387$74,096$29,172$44,924
Gala$67,290$36,358$1,638$34,720
Total Events$317,263$182,666$119,100$63,566
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease$15,542
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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 governing body review Part VI line 11

The executive director and finance manager review the form 990, then submit it to the finance committee who evaluate it and then they present it to the board members.

Conflict of interest policy compliance Part VI line 12C

The board, directors, and employees sign a conflict of interest policy when they begin work with the organization.

CEO executive director top management comp Part VI line 15A

Compensation for the executive director is determined by board review, the past executive director salaries, and comparable positions region-wide are taken into account. The same procedures with incentive of the executive director into the decision making process for key personnel due to historic sotterleys budget.

Other officer or key employee compensation Part VI line 15B

Compensation for the key employee is determined by board review, the past salaries and comparable positions region-wide are taken into account.

Governing documents etc available to public Part VI line 19

The governing documents, financial statements, and form 990 are available upon request.

Filing and Contact Details

Filer

Filer Name
Historic Sotterley Inc
EIN
52-6037721
Address
44300 SOTTERLEY LANE PO BOX 67, HOLLYWOOD, MD 20636

Signing Officer

Name
Nancy L Easterling
Title
Executive Direc
Phone
3013732280
Signed
2019-06-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Charles Johnston
Formed
1964
Legal Domicile
Md
Voting Board Members
13
Independent Board Members
13
Employees
16

Preparer

Firm
Alta CPA Group
Address
59 Franklin St 2nd Floor, Annapolis, MD 21401
Preparer
Jeffrey Griffith
Phone
4103495101
Supplemental Narrative

Financial Statement Notes

Collections descriptions (Part III, line 4)

The organizations collection is comprised of the plantation house dating back to 1703, an 1830s slave cabin, numerous other outbuildings adn their contents. Sotterley is the only remaining tidewater plantation that is fully open to the public with a full range of visitor activities and educational programs.

Endowment funds intended uses (Part V, line 4)

The endowment is intended to provide support to the organization in perpetuity and therefore will be invested with a long-term horizon, with emphasis on a long term, total rate of return.

Other revenues not included on Form 990 (Part XI, line 2D)

COST OF SALES $2,148

Other expenses not included on Form 990 (Part XII, line 2D)

COST OF SALES $2,148

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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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IRS990/MissionDesc0THE MISSION IS TO PRESERVE, RESEARCH, AND INTERPRET SOTTERLEY PLANTATIONS DIVERSE CULTURES AND ENVIRONMENTS AND TO SERVE THE WORLD AS AN EDUCATIONAL, CULTURAL, AND COMMUNITY RESOURCE.
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IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1FARMINGAGRICULTURE
IRS990/OtherExpensesGrp/Desc2GARDEN GUILD
IRS990/OtherExpensesGrp/Desc3TEMPORAY HELP
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IRS990/PrincipalOfficerNm0CHARLES JOHNSTON
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IRS990/ProgramServiceRevenueGrp/Desc0PROGRAMS
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IRS990/ProgSrvcAccomActy2Grp/Desc0VISITOR PROGRAMS HAVE SERVED GUESTS FROM ALL OVER THE UNITED STATES AND INTERNATIONALLY, AND SOTTERLEYS GUESTS HAVE LEARNED ABOUT THE HISTORY OF NOT ONLY THIS SPECIAL SITE, BUT THAT OF OUR REGION AND NATION. ADVANCES HAVE BEEN MADE IN THE INTERPRETIVE PLAN SO THAT IT IS MORE INCLUSIVE OF THE AFRICAN AMERICAN SIDE OF SOTTERLEYS AND OUR NATIONS HISTORY. SOTTERLEYS STORIES ARE NO ONLY THOSE OF ITS OWNERS, BUT THOSE OF THE ENSLAVED AND FARM LABORERS WHO LIVED AND WORKED ON SITE. SOTTERLEY HAS A WONDERFUL VOLUNTEER BASE THAT MAKES SO MANY OF OUR ACHIEVEMENTS POSSIBLE. SOTTERLEY CONTINUES TO RECRUIT NEW VOLUNTEERS TO WORK AS DOCENTS, WORK IN THE MUSEUM SHOP, WORK IN THE GARDEN GUILD, AND WORK AS OFFICE VOLUNTEERS AND TO SUPPORT SPECIAL EVENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0246346
IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATIONAL PROGRAMS HELD AT SOTTERLEY CONTINUE TO SERVE THOUSANDS OF STUDENTS FROM ALL OVER THE STATE OF MARYLAND. NEW SCHOOLS CONTINUED TO BE INTRODUCED TO SOTTERLEYS UNIQUE HANDS ON APPROACH TO LEARNING, AND THE PROGRAMS CONTINUE TO GET OUTSTANDING REVIEWS BY THE MARYLAND DEPARTMENT OF EDUCATION AS WELL AS THE INDIVIDUAL SCHOOLS WHICH HAVE ATTENDED. SOTTERLEY CONTINUALLY REVAMPS ITS PROGRAM TO MATCH THE COMMON CORE STANDARDS USED IN THE SCHOOL SYSTEM, AND A NEW PROGRAM WAS ADDED TO SOTTERLEYS ALREADY IMPRESSIVE LINE UPO: LOYALIST TO PATRIOT.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.89$0.08$2.82$1.25$1.17$0.08
2023Summary only. Only limited summary data is available for this year.$2.71$0.02$2.69$0.94$1.15$0.21
2022Summary only. Only limited summary data is available for this year.$2.90$0.00$2.90$0.76$0.80$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$0.11$2.94$0.72$0.84$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.16$0.11$3.05$1.00$0.90$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.11$0.16$2.95$1.10$1.08$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.98$0.11$2.86$1.18$1.12$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$0.25$2.80$0.76$0.99$0.23
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.17$0.13$3.03$0.88$0.81$0.07
2015Detailed filing. Detailed filing data is available for this year.$3.15$0.16$2.99$0.80$0.89$0.08
2014Detailed filing. Detailed filing data is available for this year.$3.22$0.12$3.11$0.60$0.77$0.17
2013Summary only. Only limited summary data is available for this year.$3.34$0.07$3.27$0.78$0.87$0.10
2012Summary only. Only limited summary data is available for this year.$3.44$0.08$3.36$0.87$0.86$0.00
2011Summary only. Only limited summary data is available for this year.$3.47$0.11$3.36$0.61$0.65$0.04