Civic Intelligence

Shell Museum and Educational Foundation Inc.

990 • Fiscal year 2020 • EIN 59-2775992

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

3075 Sanibel Captiva RoadSanibel, FL 33957

(239) 395-2233

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.08x

Higher debt load relative to assets than 32% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

59th percentile

0.39x

Higher debt load relative to revenue than 59% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

82nd percentile

28%

Higher net margin than 82% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

23rd percentile

$100,928

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

41st percentile

3.8%

Faster asset growth than 41% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

56th percentile

5.0%

Faster revenue growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$12,145,184

Up $441,850 (+3.8%) from 2019

Net Assets

Up

$11,158,671

Up $790,256 (+7.6%) from 2019

Liabilities

Down

$986,513

Down $348,406 (-26%) from 2019

Revenue

Up

$2,503,626

Up $119,582 (+5.0%) from 2019

Expenses

Up

$1,814,114

Up $375,127 (+26%) from 2019

Net Income

Down

$689,512

Down $255,545 (-27%) from 2019

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $3,732,783Liabilities 2010: $40,799Net Assets 2010: $3,691,9842010Assets 2011: $3,838,633Liabilities 2011: $55,921Net Assets 2011: $3,782,7122011Assets 2012: $3,940,537Liabilities 2012: $31,414Net Assets 2012: $3,909,1232012Assets 2013: $5,865,442Liabilities 2013: $122,290Net Assets 2013: $5,743,1522013Assets 2014: $6,165,837Liabilities 2014: $112,577Net Assets 2014: $6,053,2602014Assets 2015: $6,240,034Liabilities 2015: $78,976Net Assets 2015: $6,161,0582015Assets 2016: $6,721,731Liabilities 2016: $82,225Net Assets 2016: $6,639,5062016Assets 2017: $7,485,932Liabilities 2017: $59,713Net Assets 2017: $7,426,2192017Assets 2018: $9,397,107Liabilities 2018: $134,590Net Assets 2018: $9,262,5172018Assets 2019: $11,703,334Liabilities 2019: $1,334,919Net Assets 2019: $10,368,4152019Assets 2020: $12,145,184Liabilities 2020: $986,513Net Assets 2020: $11,158,6712020Assets 2021: $12,123,775Liabilities 2021: $478,120Net Assets 2021: $11,645,6552021Assets 2022: $11,405,595Liabilities 2022: $101,481Net Assets 2022: $11,304,1142022Assets 2023: $14,299,308Liabilities 2023: $426,467Net Assets 2023: $13,872,8412023Assets 2024: $14,986,569Liabilities 2024: $321,704Net Assets 2024: $14,664,8652024

Highlighted filing

2020

Assets$12,145,184
Liabilities$986,513
Net Assets$11,158,671

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $732,0522010Expenses 2011: $769,7052011Expenses 2012: $784,2242012Revenue 2013: $2,501,950Expenses 2013: $969,372Net Income 2013: $1,532,5782013Revenue 2014: $1,153,590Expenses 2014: $1,026,987Net Income 2014: $126,6032014Revenue 2015: $1,416,981Expenses 2015: $1,124,192Net Income 2015: $292,7892015Revenue 2016: $1,861,645Expenses 2016: $1,255,113Net Income 2016: $606,5322016Revenue 2017: $1,850,119Expenses 2017: $1,327,348Net Income 2017: $522,7712017Revenue 2018: $3,538,888Expenses 2018: $1,348,651Net Income 2018: $2,190,2372018Revenue 2019: $2,384,044Expenses 2019: $1,438,987Net Income 2019: $945,0572019Revenue 2020: $2,503,626Expenses 2020: $1,814,114Net Income 2020: $689,5122020Revenue 2021: $2,459,333Expenses 2021: $1,762,392Net Income 2021: $696,9412021Revenue 2022: $2,249,021Expenses 2022: $2,085,255Net Income 2022: $163,7662022Revenue 2023: $3,869,253Expenses 2023: $1,354,508Net Income 2023: $2,514,7452023Revenue 2024: $2,587,200Expenses 2024: $1,938,712Net Income 2024: $648,4882024

Highlighted filing

2020

Revenue$2,503,626
Expenses$1,814,114
Net Income$689,512
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.0
Gross Receipts
$2,931,948
Mission and Program Overview

Mission

To educate about shells through exhibits, educational programs, library and publications; to further awareness of nature; to promote collection-based research with emphasis on southwest florida and the gulf of mexico.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,254,490$7,550,552▲ $296,062
Investments in Publicly Traded Securities$1,864,766$1,909,074▲ $44,308
Cash and Non-Interest-Bearing Accounts$1,456,549$1,820,721▲ $364,172
Pledges and Grants Receivable$726,753$408,418▼ $318,335
Inventories for Sale or Use$43,833$62,193▲ $18,360
Prepaid Expenses and Deferred Charges$23,002$33,993▲ $10,991
Accounts Receivable$1,512$27,551▲ $26,039
Total Assets$11,703,334$12,145,184▲ $441,850
Other Assets Total$332,429$332,682▲ $253
Liabilities
Mortgage Notes Payable Secured by Investment Property$435,000$935,500▲ $500,500
Accounts Payable and Accrued Expenses$854,002$44,347▼ $809,655
Deferred Revenue$45,917$6,666▼ $39,251
Total Liabilities$1,334,919$986,513▼ $348,406
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,383,371$9,921,671▲ $4,538,300
Net Assets With Donor Restrictions$4,985,044$1,237,000▼ $3,748,044
Total Net Assets Fund Balance$10,368,415$11,158,671▲ $790,256
Total Liabilities and Net Assets / Fund Balance$11,703,334$12,145,184▲ $441,850

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,606,642$1,511,461$8,118,103
Buildings$402,881$856,556$1,259,437
Land$455,031-$455,031
Equipment$80,787$79,128$159,915
Leasehold Improvements$5,211$1,213$6,424

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$705,168-▲ $3,761-$706,808
2019$1,334,516-▲ $24,203$650,000$705,168
2018$1,575,543-▲ $8,587$240,000$1,334,516
2017$1,353,482-▲ $237,658-$1,575,543
2016$939,319$342,589▲ $84,601-$1,353,482
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dorrie HipschmanExe Director ThruFT$99,045$1,883$100,928
Jose Leal PhdExecutive DiFT$28,691$712$29,403

Board Members and Trustees

NameTitle
Scot CongressV. President
Elizabeth PodolskyTrustee
Fran PetersTrustee
Gary DyerTrustee
Jane HenshawTrustee
Laura ShafferTrustee
Mark AndersonTrustee
Richard GreenTrustee
Roger GrogmanTrustee
Todd RobertsTrustee
Holli MartinPres Thru De
Arlene MowrySecretary
Sean PierceTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Benchmark General ContractorsConstruction16836 MCGREGOR BLVD, Fort Myers, FL 33908$801,061
Tenji INCConstruction26549 CARMEL RANCHO BLVD, Carmel, CA 93923$322,495
Revenue and Support

Revenue Composition

Contributions and Grants
$1,721,284
Program Service Revenue
$600,342
Investment Income
$25,155
Other Revenue
$156,845
All Other Contributions
$1,388,910
Change in Net Assets
$689,512

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,503,626
Revenue Not Reported on Form 990
$105,244
Total Revenue per Audited Statements
$2,608,870
Total Revenue per Form 990
$2,503,626
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$961,981
Other Expenses$852,133
Total Fundraising Expense$188,141
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$416,041$180,376$65,301$661,718
Depreciation Depletion$164,277$78,493-$242,770
Current Officers, Directors, Trustees, and Key Employees$80,286$34,808$12,601$127,695
Occupancy$220$125,856-$126,076
Advertising$9,443$34,244$57,928$101,615
Other Employee Benefits$2,962$91,671$110$94,743
Office Expenses$20,790$49,476$4,438$74,704
Payroll Taxes$37,717$21,238$5,780$64,735
Interest-$55,959-$55,959
Fees for Services Other$461$31,158-$31,619
Fees for Service Investment Mgmnt Fees$9,698$13,573$2,301$25,572
All Other Expenses$11,298$12,428$396$24,122
Insurance$556$21,585$21$22,162
Information Technology$3,211$16,081$2,054$21,346
Other Expenses$13,296$11,849$1,531$13,380
Pension Plan Contributions$409$12,666$15$13,090
Travel$2,731$8,356$302$11,389
Fees for Services Legal$520--$520
Total Functional Expenses$825,259$800,714$188,141$1,814,114

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,818,614
Expenses per Audited Statements$1,814,114
Total Expenses per Form 990$1,814,114
Expenses Not Reported on Form 990$4,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$36,342
Fundraising Gross Income$11,600
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Celebrity Islan$13,787$6,200$94$6,106
Under the Sea$100,300$5,400$16,961$-11,561
Total Events$114,087$11,600$36,342$-24,742
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-TrusteeAquarium Project CstNo$801,061
Holli MartinPresidentWind InsuranceNo$14,003
Scott CongressVice PresidentVendor for Gift StorNo$8,367
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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 board reviews a draft of the tax return for accuracy and completeness prior to signing and filing.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest policy is documented in employee handbook which is signed by all employees. Board conflicts are included in the board governance manual and reviewed annually.

Form 990, Page 6, Part VI, Line 15A

The finance committee recommends salary of the museum director based on goals set by the board. Minutes are kept for the committee meeting. Salary is approved by the board as part of the budget approval process. Minutes are kept for board meetings.

Form 990, Page 6, Part VI, Line 15B

The museum or executive director determines salaries for all other employees.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy and financial statements are available to public upon request.

Filing and Contact Details

Filer

Filer Name
Shell Museum and Educational
EIN
59-2775992
Phone
2393952233
Address
3075 SANIBEL CAPTIVA ROAD, SANIBEL, FL 33957

Signing Officer

Name
Scot Congress
Title
V. President
Phone
2393952233
Signed
2021-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scot Congress
Formed
1986
Legal Domicile
Fl
Voting Board Members
13
Independent Board Members
13
Employees
27
Volunteers
82

Preparer

Firm
Stroemer & Company
Address
14030 METROPOLIS AVE STE 200, FORT MYERS, FL 33912
Preparer
Marc Whitfield CPA
Phone
2394331002
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Shell museum and educational foundation, inc. (the "foundation") was organized under the laws of florida on october 1, 1986, as a non-profit corporation. The foundation was established to operate a center in sanibel, florida for public education and for the study, research, and display of mollusks and other marine life.

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

To educate about shells and mollusks, the shell-makers, through exhibits, educational programs, library services and publications. To further awareness of nature and the natural environment. To promote collection- based research on shells and mollusks with emphasis on southwest florida and the gulf of mexico. Operation of a public museum and educational center features more than 30 exhibits of mollusks from around the world. Exhibits are devoted to shells in art and history, shell habitat, rare specimens, fossil shells, common southwest florida shells, and more. The learning lab features a hands-on play area for children, displays, games, and a tank with indigenous mollusks. A half-hour video, mollusks in action, is shown on the hour, and a children's video is shown continuously. The museum store offers a wide selection of shell books.

Financial Statement Notes

Schedule D, Page 3, Part X

The internal revenue service has determined that the organization is exempt from federal income taxes under section 501(c)3 of the internal revenue code. The organization is a not-for-profit florida corporation and therefore is not subject to state income tax taxes. The internal revenue code provides for taxation of unrelated business income under certain circumstances. The organization reports no unrelated business taxable income, however, such status is subject to final determination upon examination of the related tax returns by the appropriate taxing authorities.

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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt140075
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt212874
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt140075
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IRS990/PYOtherExpensesAmt0571760
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IRS990/PYProgramServiceRevenueAmt0333642
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IRS990/PYTotalExpensesAmt01438987
IRS990/PYTotalRevenueAmt02384044
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0600342
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt041250
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt051835
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0185000

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.0$0.32$14.7$2.59$1.94$0.65
2023Detailed filing. Detailed filing data is available for this year.$14.3$0.43$13.9$3.87$1.35$2.51
2022Detailed filing. Detailed filing data is available for this year.$11.4$0.10$11.3$2.25$2.09$0.16
2021Detailed filing. Detailed filing data is available for this year.$12.1$0.48$11.6$2.46$1.76$0.70
2020Detailed filing. Detailed filing data is available for this year.$12.1$0.99$11.2$2.50$1.81$0.69
2019Detailed filing. Detailed filing data is available for this year.$11.7$1.33$10.4$2.38$1.44$0.95
2018Detailed filing. Detailed filing data is available for this year.$9.40$0.13$9.26$3.54$1.35$2.19
2017Detailed filing. Detailed filing data is available for this year.$7.49$0.06$7.43$1.85$1.33$0.52
2016Detailed filing. Detailed filing data is available for this year.$6.72$0.08$6.64$1.86$1.26$0.61
2015Detailed filing. Detailed filing data is available for this year.$6.24$0.08$6.16$1.42$1.12$0.29
2014Detailed filing. Detailed filing data is available for this year.$6.17$0.11$6.05$1.15$1.03$0.13
2013Detailed filing. Detailed filing data is available for this year.$5.87$0.12$5.74$2.50$0.97$1.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.94$0.03$3.91$0.78
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.84$0.06$3.78$0.77
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.73$0.04$3.69$0.73