Civic Intelligence

Southeastern Museums Conference Inc.

990 • Fiscal year 2017 • EIN 54-1042825

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

PO Box 550746Atlanta, GA 30355-3246

(404) 378-3153

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.10x

Higher debt load relative to assets than 63% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

74th percentile

0.19x

Higher debt load relative to revenue than 74% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

75th percentile

18%

Higher net margin than 75% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

82nd percentile

$81,933

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 22.4% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

75th percentile

18%

Faster asset growth than 75% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

67th percentile

16%

Faster revenue growth than 67% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$676,116

Up $101,811 (+18%) from 2016

Net Assets

Up

$605,680

Up $98,365 (+19%) from 2016

Liabilities

Up

$70,436

Up $3,446 (+5.1%) from 2016

Revenue

Up

$366,078

Up $49,918 (+16%) from 2016

Expenses

Up

$299,539

Up $29,573 (+11%) from 2016

Net Income

Up

$66,539

Up $20,345 (+44%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $232,950Liabilities 2011: $40,066Net Assets 2011: $192,8842011Assets 2012: $231,353Liabilities 2012: $33,442Net Assets 2012: $197,9112012Assets 2013: $312,462Liabilities 2013: $47,284Net Assets 2013: $265,1782013Assets 2014: $399,956Liabilities 2014: $39,735Net Assets 2014: $360,2212014Assets 2015: $506,047Liabilities 2015: $56,196Net Assets 2015: $449,8512015Assets 2016: $574,305Liabilities 2016: $66,990Net Assets 2016: $507,3152016Assets 2017: $676,116Liabilities 2017: $70,436Net Assets 2017: $605,6802017Assets 2018: $760,625Liabilities 2018: $64,994Net Assets 2018: $695,6312018Assets 2019: $867,328Liabilities 2019: $78,997Net Assets 2019: $788,3312019Assets 2020: $959,159Liabilities 2020: $64,713Net Assets 2020: $894,4462020Assets 2021: $968,887Liabilities 2021: $51,121Net Assets 2021: $917,7662021Assets 2022: $862,452Liabilities 2022: $71,745Net Assets 2022: $790,7072022Assets 2023: $746,269Liabilities 2023: $25,965Net Assets 2023: $720,3042023Assets 2024: $784,013Liabilities 2024: $53,445Net Assets 2024: $730,5682024

Highlighted filing

2017

Assets$676,116
Liabilities$70,436
Net Assets$605,680

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $183,023Expenses 2011: $162,876Net Income 2011: $20,1472011Revenue 2012: $187,757Expenses 2012: $184,178Net Income 2012: $3,5792012Revenue 2013: $253,154Expenses 2013: $203,845Net Income 2013: $49,3092013Revenue 2014: $275,868Expenses 2014: $209,590Net Income 2014: $66,2782014Revenue 2015: $337,520Expenses 2015: $253,016Net Income 2015: $84,5042015Revenue 2016: $316,160Expenses 2016: $269,966Net Income 2016: $46,1942016Revenue 2017: $366,078Expenses 2017: $299,539Net Income 2017: $66,5392017Revenue 2018: $383,849Expenses 2018: $318,218Net Income 2018: $65,6312018Revenue 2019: $384,082Expenses 2019: $333,750Net Income 2019: $50,3322019Revenue 2020: $483,963Expenses 2020: $398,618Net Income 2020: $85,3452020Revenue 2021: $242,297Expenses 2021: $335,321Net Income 2021: -$93,0242021Revenue 2022: $347,612Expenses 2022: $396,194Net Income 2022: -$48,5822022Revenue 2023: $411,676Expenses 2023: $526,940Net Income 2023: -$115,2642023Revenue 2024: $531,099Expenses 2024: $597,821Net Income 2024: -$66,7222024

Highlighted filing

2017

Revenue$366,078
Expenses$299,539
Net Income$66,539
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.1
Gross Receipts
$366,078
Mission and Program Overview

Mission

The southeastern museums conference is a networking organization that serves to foster professionalism, mutual support, and communication. A non-profit membership association, semc strives to increase educational and professional development opportunities and improve the interchange of ideas, information, and cooperation.

Semc, a nonprofit membership organization is an association of museums, museum staff, independent professionals, and corp. Partners. We provide education and professional development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$339,390$389,953▲ $50,563
Cash and Non-Interest-Bearing Accounts$225,578$250,328▲ $24,750
Prepaid Expenses and Deferred Charges$9,087$24,285▲ $15,198
Accounts Receivable$250$11,000▲ $10,750
Pledges and Grants Receivable$0$550▲ $550
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$574,305$676,116▲ $101,811
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$48,370$46,680▼ $1,690
Accounts Payable and Accrued Expenses$18,620$23,756▲ $5,136
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$66,990$70,436▲ $3,446
Net Assets / Fund Balance
Unrestricted Net Assets$486,473$583,611▲ $97,138
Temporarily Rstr Net Assets$20,842$22,069▲ $1,227
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$507,315$605,680▲ $98,365
Total Liabilities and Net Assets / Fund Balance$574,305$676,116▲ $101,811

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$355,565$61,657▲ $40,795$13,334$444,683
2015$324,001$24,378▲ $17,059$9,873$355,565
2014$259,469$61,874▲ $11,289$8,631$324,001
2013$197,136$36,578▲ $33,776$8,001$259,469
2012$172,946$7,618▲ $23,850$7,359$197,055
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan S PerryExecutive DirectorFT$65,698$16,235$81,933

Board Members and Trustees

NameTitle
Micheal HudsonPast President
David ButlerPRESIDENT (Jan-Oct)
Darcie MacmahonPRESIDENT (Nov-Dec)
Dawn HammattVice President
Brian HicksDirector
Catherine PearsDirector
Deborah MackDirector
Deitrah TaylorDirector
Elise LecompteDirector
Heather Marie WellsDirector
Jenny LambDirector
Julie HarrisDirector
Kathleen HuttonDirector
Kyle BrynerDirector
Priscilla CooperDirector
Zinnia WillitsDirector
Robin Seage PersonSecretary
Robin ReedTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$44,612
Program Service Revenue
$302,128
Investment Income
$8,970
Other Revenue
$10,368
All Other Contributions
$44,612
Change in Net Assets
$66,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$197,839
Salaries, Compensation, and Employee Benefits$93,375
Grants and Similar Amounts Paid$8,325
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$81,772$8,259-$90,031
Current Officers, Directors, Trustees, and Key Employees$61,262$26,254-$87,516
Fees for Services Management-$62,764-$62,764
Travel$2,720$9,083-$11,803
Grants to Domestic Individuals$8,325--$8,325
Payroll Taxes$4,101$1,758-$5,859
Information Technology-$4,704-$4,704
Fees for Services Accounting-$4,250-$4,250
Insurance-$1,361-$1,361
Other Expenses$695$661-$1,356
Advertising-$500-$500
Occupancy-$318-$318
Total Functional Expenses$170,244$129,295$0$299,539
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,024
Fundraising Direct Expenses$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Part VI #3

The Atlanta Historical Society, Inc. assists in the management of SEMC by sharing accounting services, website, and membership renewal process.

Part VI #6

SEMC is a member organization serving museum professionals.

Part VI #7A & #7B

SEMC has 3 classes of membership: Individual, Institutional, and Corporate. All classes have the same voting rights. SEMC members elect the officers and council directors and approve any changes to the By-laws.

Part VI #11A

SEMC provides the IRS Form 990 to its governing body at a regularly scheduled meeting or by email prior to filing the document with the IRS.

Part VI #12C

On an annual basis, all directors and officers of semc are provided a copy of the conflict of interest policy and an annual conflict of interest disclosure statement. This disclosure statement must be completed and returned to the semc office for review by the executive committee. Should a member of the executive committee be the subject of a possible conflict of interest, that member will excuse themselves from the room during committee discussion and any voting regarding that conflict. The minutes of the meeting shall reflect this abstention. Conflict of interest disclosures shall be treated as confidential and disclosed to others only to the extent necessary for review and resolution. All new directors and officers must complete the disclosure statement prior to assuming their duties for semc. If a director or officer becomes aware of a conflict of interest or potential conflict of interest following the annual disclosure, that director or officer should notify the executive committee of the facts surrounding the conflict of interest in writing.

Part VI #15A

SEMC Officers decide on the compensation of SEMC's Executive Director in an annual review process. The officers review and approve the annual contract with the Atlanta History Center.

Part VI #19

SEMC Conflict of Interest policy and financial reports are available on semcdirect.net

Filing and Contact Details

Filer

Filer Name
Southeastern Museums Conference
EIN
54-1042825
In Care Of
% SUSAN PERRY
Phone
4043783153
Address
PO BOX 550746, ATLANTA, GA 30355-3246

Signing Officer

Name
Susan S Perry
Title
Officer
Phone
4048142048
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Perry
Formed
1977
Legal Domicile
Va
Voting Board Members
18
Independent Board Members
18
Employees
3
Volunteers
25

Preparer

Firm
Smith & Howard Pc
Address
271 17TH STREET SUITE 1600, ATLANTA, GA 30363
Preparer
Marc Azar
Phone
4048746244
Supplemental Narrative

Financial Statement Notes

Endowment Fund

The endowment fund is used to support the operations and activities of semc. This includes the annual meeting, professional development programs, and general operations.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXECUTIVE DIRECTOR
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IRS990/MissionDesc0THE SOUTHEASTERN MUSEUMS CONFERENCE IS A NETWORKING ORGANIZATION THAT SERVES TO FOSTER PROFESSIONALISM, MUTUAL SUPPORT, AND COMMUNICATION. A NON-PROFIT MEMBERSHIP ASSOCIATION, SEMC STRIVES TO INCREASE EDUCATIONAL AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES AND IMPROVE THE INTERCHANGE OF IDEAS, INFORMATION, AND COOPERATION.
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IRS990/ProgSrvcAccomActy2Grp/Desc0The annual Jekyll Island Management Institute (JIMI) provides a total immersion environment for museum professionals to learn more about general museum administration and operations. JIMI gives administrators the key resources imperative to orchestrating personnel efficiency, staff morale and overall organizational improvement. JIMI offers opportunities for participants to learn management skills through presentations, small group discussions, projects and participatory exercises.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.84$0.53$7.31$5.31$5.98$0.67
2023Detailed filing. Detailed filing data is available for this year.$7.46$0.26$7.20$4.12$5.27$1.15
2022Detailed filing. Detailed filing data is available for this year.$8.62$0.72$7.91$3.48$3.96$0.49
2021Detailed filing. Detailed filing data is available for this year.$9.69$0.51$9.18$2.42$3.35$0.93
2020Detailed filing. Detailed filing data is available for this year.$9.59$0.65$8.94$4.84$3.99$0.85
2019Detailed filing. Detailed filing data is available for this year.$8.67$0.79$7.88$3.84$3.34$0.50
2018Detailed filing. Detailed filing data is available for this year.$7.61$0.65$6.96$3.84$3.18$0.66
2017Detailed filing. Detailed filing data is available for this year.$6.76$0.70$6.06$3.66$3.00$0.67
2016Detailed filing. Detailed filing data is available for this year.$5.74$0.67$5.07$3.16$2.70$0.46
2015Summary only. Only limited summary data is available for this year.$5.06$0.56$4.50$3.38$2.53$0.85
2014Detailed filing. Detailed filing data is available for this year.$4.00$0.40$3.60$2.76$2.10$0.66
2013Summary only. Only limited summary data is available for this year.$3.12$0.47$2.65$2.53$2.04$0.49
2012Summary only. Only limited summary data is available for this year.$2.31$0.33$1.98$1.88$1.84$0.04
2011Summary only. Only limited summary data is available for this year.$2.33$0.40$1.93$1.83$1.63$0.20