Civic Intelligence

Southeastern Museums Conference Inc.

990 • Fiscal year 2020 • EIN 54-1042825

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

PO Box 550746Atlanta, GA 30355-3246

(404) 814-2048

Siviq Scores

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

Liabilities / Assets

54th percentile

0.07x

Higher debt load relative to assets than 54% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

62nd percentile

0.13x

Higher debt load relative to revenue than 62% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

68th percentile

18%

Higher net margin than 68% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

88th percentile

$100,706

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 20.8% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

58th percentile

11%

Faster asset growth than 58% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

78th percentile

26%

Faster revenue growth than 78% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$959,159

Up $91,831 (+11%) from 2019

Net Assets

Up

$894,446

Up $106,115 (+13%) from 2019

Liabilities

Down

$64,713

Down $14,284 (-18%) from 2019

Revenue

Up

$483,963

Up $99,881 (+26%) from 2019

Expenses

Up

$398,618

Up $64,868 (+19%) from 2019

Net Income

Up

$85,345

Up $35,013 (+70%) from 2019

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

2020

Assets$959,159
Liabilities$64,713
Net Assets$894,446

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

2020

Revenue$483,963
Expenses$398,618
Net Income$85,345
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.1
Gross Receipts
$483,963
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$518,787$537,350▲ $18,563
Cash and Non-Interest-Bearing Accounts$306,210$397,887▲ $91,677
Prepaid Expenses and Deferred Charges$34,831$23,922▼ $10,909
Pledges and Grants Receivable$7,500$0▼ $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$867,328$959,159▲ $91,831
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$64,174$22,015▼ $42,159
Mortgage Notes Payable Secured by Investment Property$0$21,900▲ $21,900
Accounts Payable and Accrued Expenses$14,823$20,798▲ $5,975
Grants Payable$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$78,997$64,713▼ $14,284
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$758,682$864,797▲ $106,115
Net Assets With Donor Restrictions$29,649$29,649→ $0
Total Net Assets Fund Balance$788,331$894,446▲ $106,115
Total Liabilities and Net Assets / Fund Balance$867,328$959,159▲ $91,831

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$518,787$5,023▲ $33,420$19,879$537,351
2018$491,316$29,131▲ $45,515$47,175$518,787
2017$444,682$61,657▲ $40,795$13,334$533,800
2016$355,565$61,657▲ $40,795$13,334$444,683
2015$324,001$24,378▲ $17,059$9,873$355,565
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan S PerryExecutive Director(- Apr 2020)FT$79,692$21,014$100,706

Board Members and Trustees

NameTitle
Darcie MacmahonPast President
Heather Marie WellsPresident
Matthew DavisVice President
Alexander BenitezDirector
Calinda LeeDirector
Catherine PearsDirector
Deborah MackDirector
Elise LecompteDirector
Glenna BarlowDirector
Lance WheelerDirector
Michael ScottDirector
Pody GayDirector
Rosalind MartinDirector
Scott AlveyDirector
Zinnia WillitsExecutive Director (apr 2020-)
Deitrah TaylorSecretary
Robin ReedTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Atlanta Historical Society IncServices & Employees130 West Paces Ferry Rd, Atlanta, GA 30305$190,079
Revenue and Support

Revenue Composition

Contributions and Grants
$153,934
Program Service Revenue
$314,048
Investment Income
$12,650
Other Revenue
$3,331
All Other Contributions
$153,934
Change in Net Assets
$85,345
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$286,107
Salaries, Compensation, and Employee Benefits$103,511
Grants and Similar Amounts Paid$9,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$139,377$15,512-$154,889
Current Officers, Directors, Trustees, and Key Employees$68,153$29,208-$97,361
Fees for Services Management-$72,988-$72,988
Travel$14,030$7,361-$21,391
Grants to Domestic Individuals$9,000--$9,000
Payroll Taxes$4,305$1,845-$6,150
Occupancy-$5,722-$5,722
Fees for Services Accounting-$5,000-$5,000
Advertising-$4,540-$4,540
Information Technology-$3,645-$3,645
Insurance$843$1,313$0$2,156
Other Expenses$65$530-$595
Total Functional Expenses$245,295$153,323$0$398,618
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$689
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
Yes
Backup withholding compliance
Yes
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
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
% ZINNIA WILLITS
Phone
4048142048
Address
PO BOX 550746, ATLANTA, GA 30355-3246

Signing Officer

Name
Zinnia Willits
Title
Executive Director
Phone
4048142048
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Zinnia Willits
Formed
1977
Legal Domicile
Va
Voting Board Members
16
Independent Board Members
16
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

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/TitleTxt0EXECUTIVE DIRECTOR(- APR 2020)
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE DIRECTOR (APR 2020-)
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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/PrincipalOfficerNm0ZINNIA WILLITS
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IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP INCOME
IRS990/ProgramServiceRevenueGrp/Desc1MEETING REGISTRATION FEES
IRS990/ProgramServiceRevenueGrp/Desc2TRADE BOOTH EXHIBIT SPACE
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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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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt024624
IRS990/ProgSrvcAccomActy3Grp/Desc0SEMC 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 museum's 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.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt039227

Document Assets

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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