Civic Intelligence

Southeastern Museums Conference Inc.

990 • Fiscal year 2019 • EIN 54-1042825

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 15, 2020

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

0.09x

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

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

Liabilities / Revenue

77th percentile

0.21x

Higher debt load relative to revenue than 77% of similar nonprofits.

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

Net Margin

69th percentile

13%

Higher net margin than 69% of similar nonprofits.

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

Top Officer Pay

86th percentile

$94,760

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 24.7% of source-year revenue.

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

Asset Growth

71st percentile

14%

Faster asset growth than 71% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

41st percentile

0.1%

Faster revenue growth than 41% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$867,328

Up $106,703 (+14%) from 2018

Net Assets

Up

$788,331

Up $92,700 (+13%) from 2018

Liabilities

Up

$78,997

Up $14,003 (+22%) from 2018

Revenue

Up

$384,082

Up $233 (+0.1%) from 2018

Expenses

Up

$333,750

Up $15,532 (+4.9%) from 2018

Net Income

Down

$50,332

Down $15,299 (-23%) from 2018

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

2019

Assets$867,328
Liabilities$78,997
Net Assets$788,331

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

2019

Revenue$384,082
Expenses$333,750
Net Income$50,332
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.3
Gross Receipts
$384,082
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$462,186$518,787▲ $56,601
Cash and Non-Interest-Bearing Accounts$290,359$306,210▲ $15,851
Prepaid Expenses and Deferred Charges$8,080$34,831▲ $26,751
Pledges and Grants Receivable$0$7,500▲ $7,500
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$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$760,625$867,328▲ $106,703
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$44,923$64,174▲ $19,251
Accounts Payable and Accrued Expenses$20,071$14,823▼ $5,248
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$64,994$78,997▲ $14,003
Net Assets / Fund Balance
Unrestricted Net Assets$674,387$758,682▲ $84,295
Temporarily Rstr Net Assets$21,244$29,649▲ $8,405
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$695,631$788,331▲ $92,700
Total Liabilities and Net Assets / Fund Balance$760,625$867,328▲ $106,703

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$491,316$29,131▲ $45,515$47,175$518,787
2017$444,682$31,710▲ $29,796$14,872$491,316
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan S PerryExecutive DirectorFT$77,358$17,402$94,760

Board Members and Trustees

NameTitle
David ButlerPast President ( - Oct 2018)
Darcie MacmahonPresident (- October 2018)
Zinnia WillisPRESIDENT (October 2018 -)
Heather Marie WellsVice President
Alexander BenitezDirector
Brian HicksDirector
Calinda LeeDirector
Catherine PearsDirector
Deborah MackDirector
Elise LecompteDirector
Glenna BarlowDirector
Julie HarrisDirector
Kyle BrynerDirector
Michael ScottDirector
Pody GayDirector
Rosalind MartinDirector
Jenny LambDirector ( - October 2018)
Robin Seage PersonSecretary ( - October 2018)
Deitrah TaylorSECRETARY (October 2018 -)
Robin ReedTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Atlanta Historic Society INCServices & Employees130 WEST PACES FERRY RD, Atlanta, GA 30305$187,043
Revenue and Support

Revenue Composition

Contributions and Grants
$52,540
Program Service Revenue
$325,928
Investment Income
$3,147
Other Revenue
$2,467
All Other Contributions
$52,540
Change in Net Assets
$50,332
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$226,604
Salaries, Compensation, and Employee Benefits$98,296
Grants and Similar Amounts Paid$8,850
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$64,586$27,678-$92,264
Fees for Services Management-$82,874-$82,874
Office Expenses$57,897$12,083-$69,980
Travel$17,422$13,510-$30,932
Grants to Domestic Individuals$8,850--$8,850
Payroll Taxes$4,222$1,810-$6,032
Occupancy-$4,721-$4,721
Fees for Services Accounting-$4,600-$4,600
Advertising-$3,500-$3,500
Information Technology-$2,862-$2,862
Insurance-$2,252-$2,252
Other Expenses$352$1,500-$1,852
Fees for Services Other-$1,500-$1,500
Total Functional Expenses$166,880$166,870$0$333,750
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$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
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
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 #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
Zinnia Willits
Title
Executive Director
Phone
4048142048
Signed
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Perry
Formed
1977
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
17
Employees
2
Volunteers
70

Preparer

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

Additional Explanations

Part III, Other Programs

SEMC is launching a professional development program to equip a new generation of museum leaders with outward-looking skills and stratagems that increase their effectiveness as leaders and their ability to create a productive and inclusive environment within the museum and among the museums board. The program is developed in partnership with the Association of African American Museums (AAAM) and focuses on leadership staff of small and mid-sized institutions. The first SEMC Leadership Institute: Leading for Todays Challenges will be held November 8-13, 2020 in Charlotte, NC. Part VI #3 The Atlanta Historical Society, Inc. assists in the management of SEMC by sharing accounting services, website, and membership renewal process.

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/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT (- OCTOBER 2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY (October 2018 -)
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT (October 2018 -)
IRS990/Form990PartVIISectionAGrp/TitleTxt17Secretary ( - October 2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt18Past President ( - Oct 2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director ( - October 2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt20EXECUTIVE DIRECTOR
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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