Civic Intelligence

Sea Turtle Conservancy

990 • Fiscal year 2015 • EIN 59-6151069

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 27, 2016

4424 NW 13th Street Suite B-11Gainesville, FL 32609

(352) 373-6441

Siviq Scores

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

Liabilities / Assets

44th percentile

0.07x

Higher debt load relative to assets than 44% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

48th percentile

0.10x

Higher debt load relative to revenue than 48% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

53rd percentile

3.7%

Higher net margin than 53% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

82nd percentile

$141,342

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

60th percentile

3.5%

Faster asset growth than 60% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

78th percentile

22%

Faster revenue growth than 78% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$4,280,084

Up $143,117 (+3.5%) from 2014

Net Assets

Up

$3,992,538

Up $162,014 (+4.2%) from 2014

Liabilities

Down

$287,546

Down $18,897 (-6.2%) from 2014

Revenue

Up

$2,995,931

Up $545,860 (+22%) from 2014

Expenses

Up

$2,883,665

Up $490,787 (+21%) from 2014

Net Income

Up

$112,266

Up $55,073 (+96%) from 2014

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2013: $3,968,572Liabilities 2013: $149,221Net Assets 2013: $3,819,3512013Assets 2014: $4,136,967Liabilities 2014: $306,443Net Assets 2014: $3,830,5242014Assets 2015: $4,280,084Liabilities 2015: $287,546Net Assets 2015: $3,992,5382015Assets 2016: $4,691,078Liabilities 2016: $432,897Net Assets 2016: $4,258,1812016Assets 2017: $4,718,370Liabilities 2017: $314,334Net Assets 2017: $4,404,0362017Assets 2018: $5,079,444Liabilities 2018: $587,005Net Assets 2018: $4,492,4392018Assets 2019: $5,284,310Liabilities 2019: $463,749Net Assets 2019: $4,820,5612019Assets 2020: $5,966,661Liabilities 2020: $545,068Net Assets 2020: $5,421,5932020Assets 2021: $6,664,013Liabilities 2021: $481,643Net Assets 2021: $6,182,3702021Assets 2022: $7,318,707Liabilities 2022: $606,760Net Assets 2022: $6,711,9472022Assets 2024: $9,343,098Liabilities 2024: $548,916Net Assets 2024: $8,794,1822024

Highlighted filing

2015

Assets$4,280,084
Liabilities$287,546
Net Assets$3,992,538

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $1,971,266Expenses 2013: $2,142,106Net Income 2013: -$170,8402013Revenue 2014: $2,450,071Expenses 2014: $2,392,878Net Income 2014: $57,1932014Revenue 2015: $2,995,931Expenses 2015: $2,883,665Net Income 2015: $112,2662015Revenue 2016: $3,034,146Expenses 2016: $2,864,242Net Income 2016: $169,9042016Revenue 2017: $3,392,714Expenses 2017: $3,339,353Net Income 2017: $53,3612017Revenue 2018: $3,261,910Expenses 2018: $2,885,468Net Income 2018: $376,4422018Revenue 2019: $3,677,980Expenses 2019: $3,557,856Net Income 2019: $120,1242019Revenue 2020: $3,700,749Expenses 2020: $3,293,063Net Income 2020: $407,6862020Revenue 2021: $4,663,410Expenses 2021: $4,184,468Net Income 2021: $478,9422021Revenue 2022: $4,862,088Expenses 2022: $3,980,501Net Income 2022: $881,5872022Revenue 2024: $4,092,162Expenses 2024: $4,443,288Net Income 2024: -$351,1262024

Highlighted filing

2015

Revenue$2,995,931
Expenses$2,883,665
Net Income$112,266
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 27, 2016
Return Version
2015v2.1
Gross Receipts
$3,090,511
Mission and Program Overview

Mission

To ensure the survival of sea turtles within the wider caribbean basin and atlantic through research, education, training, advocacy and protection of the natural habitats upon which they depend.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,950,430$1,893,760▼ $56,670
Savings and Temporary Cash Investments$1,104,281$1,163,765▲ $59,484
Cash and Non-Interest-Bearing Accounts$529,737$514,704▼ $15,033
Pledges and Grants Receivable$163,374$227,160▲ $63,786
Land, Buildings, and Equipment, Net$230,054$211,629▼ $18,425
Accounts Receivable$103,868$207,185▲ $103,317
Inventories for Sale or Use$32,870$34,311▲ $1,441
Prepaid Expenses and Deferred Charges$22,353$27,570▲ $5,217
Total Assets$4,136,967$4,280,084▲ $143,117
Liabilities
Deferred Revenue$180,166$166,080▼ $14,086
Accounts Payable and Accrued Expenses$112,457$112,586▲ $129
Escrow Account Liability$13,820$8,880▼ $4,940
Total Liabilities$306,443$287,546▼ $18,897
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,628,233$2,568,182▼ $60,051
Unrestricted Net Assets$596,113$722,385▲ $126,272
Temporarily Rstr Net Assets$606,178$701,971▲ $95,793
Total Net Assets Fund Balance$3,830,524$3,992,538▲ $162,014
Total Liabilities and Net Assets / Fund Balance$4,136,967$4,280,084▲ $143,117

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$133,811$429,756$563,567
Equipment$52,518$281,238$333,756
Land$25,300-$25,300

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$2,628,708$6,602▲ $34,098$100,000$2,569,408
2014$2,793,915$17,990▼ $83,197$100,000$2,628,708
2013$2,616,579$19,595▲ $257,741$100,000$2,793,915
2012$2,449,359$27,594▲ $239,626$100,000$2,616,579
2011$2,856,287$2,000▼ $308,928$100,000$2,449,359
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David GodfreyCEOFT$120,000$21,342$141,342
Patricia MccloskeyCFOFT$87,430$17,758$105,188

Board Members and Trustees

NameTitle
Landon T ClayChairman
Laura FortePresident
Anthony D Knerr Ph DBoard Member
Archie Carr Iii PhdBoard Member
Carmel B McgillBoard Member
Chris RajcziBoard Member
David W Ehrenfeld Md Ph DBoard Member
Dr Charles MagalBoard Member
Elise FrickBoard Member
H Clay Frick IiiBoard Member
Jeffrey S PhippsBoard Member
Jordan Urstadt EsqBoard Member
Mark D ShantzisBoard Member
Michael FeldBoard Member
Michael P Bruyere EsqBoard Member
Peggy CavanaughBoard Member
Rick ClevelandBoard Member
Shirley SanchezBoard Member
Sing ChanBoard Member
Tara MacintyreBoard Member
F Peter RoseSecretary
Nicholas a ShufroTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,288,421
Program Service Revenue
$627,582
Investment Income
$23,615
Other Revenue
$56,313
All Other Contributions
$1,465,831
Change in Net Assets
$112,266

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,957,108
Revenue Not Reported on Financial Statements
$38,823
Revenue Not Reported on Form 990
$144,328
Total Revenue per Audited Statements
$3,101,436
Total Revenue per Form 990
$2,995,931
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,319,369
Salaries, Compensation, and Employee Benefits$819,057
Grants and Similar Amounts Paid$745,239
Total Fundraising Expense$146,238
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$745,239--$745,239
Other Salaries and Wages$345,000$16,991$37,843$399,834
Current Officers, Directors, Trustees, and Key Employees$181,417$31,995$33,118$246,530
Travel$156,875$7,693$7,142$171,710
Office Expenses$90,181$3,311$26,968$120,460
Other Employee Benefits$74,609$5,441$9,268$89,318
Occupancy$65,075$8,981$4,531$78,587
Fees for Services Other$72,803$1,000-$73,803
Other Expenses$57,659$394$7,017$65,070
Information Technology$44,679$1,129$5,515$51,323
Payroll Taxes$37,982$3,346$5,017$46,345
Depreciation Depletion$44,022$898$518$45,438
All Other Expenses$44,690--$44,690
Fees for Service Investment Mgmnt Fees-$38,823-$38,823
Pension Plan Contributions$32,253$1,367$3,410$37,030
Insurance$15,340$5,922$3$21,265
Fees for Services Accounting$2,609$14,400-$17,009
Fees for Services Legal$2,492$3,885-$6,377
Total Functional Expenses$2,589,067$148,360$146,238$2,883,665

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,939,422
Total Expenses per Form 990$2,883,665
Expenses per Audited Statements$2,844,842
Expenses Not Reported on Form 990$94,580
Expenses Not Reported on Financial Statements$38,823
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Crescent at Miramir BeachMiramir Beach, FL-Lighting/dune Plants$76,147
Beachside Ii Condominium AssocMiramir Beach, FL-Lighting/dune Plants$74,292
University of Central FloridaOrlando, FLGovSea Turtle Research$70,863
Sanctuary by the Sea CondominiumSanta Rosa Beach, FL-Lighting/dune Plants$53,280
EMERALD DUNES OWNERS' ASSOCDestin, FL-Lighting$42,313
Inwater Research Group IncJensen Beach, FL3Sea Turtle Research$30,801
Bella Vita Condominium Owners AssocMiramir Beach, FL-Lighting/dune Plant$27,949
University of Florida FoundationSt Augustine, FL3Hospital Equipment$27,405
MAJESTIC SUN OWNERS' ASSOC INCMiramir Beach, FL-Lighting$26,157
TOPS'L BEACH MANOR CONDOMINIUM ASSOMiramir Beach, FL-Lighting$25,989
Beachside I Condominium AssocMiramir Beach, FL-Lighting/dune Plants$24,001
Beach House Home Owners AssocMiramir Beach, FL-Lighting$23,200
Summerchase at Crystal BeachDestin, FL-Lighting$22,063
Mote Marine LaboratorySarasota, FL3Sea Turtle Research$19,954
Calm Air Visibility Unlimited IncUniversal City, TX-Video$15,000
Grandview Condominium Owners AssocMiramir Beach, FL-Lightin/dune Plants$13,601
East Coast Zoological Society of FlMelbourne, FL3Sea Turtle Hospital$13,126
Brevard County Eels ProgramMelbourne Beach, FLGovEducation$12,291
Clinic for the Rehabilitation ofSanibel, FL3Medical Equipment$11,091
Gulf World Marine InstitutePanama City Beach, FL3Radiograph System$10,848
HUNTINGTON BY-THE-SEA CONDO OWNERS'Destin, FL-Lighting/dune Plants$10,721
Hidden Dunes Community AssocMiramir Beach, FL-Lighting$10,569
Gulf Speciman Marine Lab IncPanacea, FL3Sea Turtle Care$8,440
Florida Atlantic UniversityBoca Raton, FLGovSatellite Tracking$7,436
Palm Beach County Dept ofWest Palm Beach, FLGovResearch/education$6,422
Broward CountyFort Lauderdale, FLGovSigns for Education$5,777
Hidden Harbor MarineMarathon, FL3Equipment/supplies$5,662
Southwinds at Sandestin Condo AssocMiramir Beach, FL-Dune Planting$5,585
City of SanibelSanibel, FLGovSea Turtle Lighting$5,100
Volusia Co Environmental MgmtDaytona, FLGovEducation/outreach$5,075

International Summary

Offices
2
Employees
104
Spending
$929,668

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanProgram ServicesConserve Sea Turtles2104$929,668
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$4,888
Fundraising Gross Income$2,870
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Landon ClayBoard MemberInvestment FeesNo$38,823
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

H. Clay frick, iii elise frick board member board member family relationship

Form 990, Page 6, Part VI, Line 11B

The form 990 is prepared with the assistance of an independent accounting firm and is reviewed and approved by the cfo and ceo of the organization, then sent to members of the board. Once filed, the form is made available to the public on stc's website, guide star and charity navigator websites, and upon request.

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

The board of directors have approved a conflict of interest policy and any conflicts are discussed at board meetings, which are held at least twice a year. Upon any conflicts, they refrain from the voting process. New board members are advised of the policy and provided a copy of the conflict of interest statement. Possible conflicts of interest with staff members are monitored by the cfo, then referred to the executive director for resolution.

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

The board of directors annually evaluates the performance of ceo, david godfrey. Comparability data is obtained, presented, and documented by the treasurer. The board then discusses and determines any increases in salary. The ceo completes the evaluation of all other employees and determines compensation.

Form 990, Page 6, Part VI, Line 19

All such documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Sea Turtle Conservancy
EIN
59-6151069
Phone
3523736441
Address
4424 NW 13TH STREET SUITE B-11, GAINESVILLE, FL 32609

Signing Officer

Name
Patricia Mccloskey
Title
CFO
Phone
3523736441
Signed
2016-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Godfrey
Formed
1960
Legal Domicile
Fl
Voting Board Members
22
Independent Board Members
21
Employees
14
Volunteers
297

Preparer

Firm
Kattell & Company Pl
Address
808B NW 16TH AVE, GAINESVILLE, FL 32601
Preparer
Stephen H Kattell
Phone
3523956565
Supplemental Narrative

Additional Explanations

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

Barrier island center - the barrier island center (bic) is an educational center located in the heart of the archie carr refuge (the refuge) in melbourne, florida. The refuge is a major nesting site for sea turtles. The bic provides a focal point for the refuge and the associated barrier island by providing exhibit space, a presentation hall and ongoing educational programs that promote stewardship of the area's fragile natural resources. Through a partnership with the brevard county environmentally endangered lands program, stc oversees and conducts the educational programs offered at the bic, and manages a small gift shop. Panama research and conservation - a collaborative sea turtle research and conservation initiative based at bocas del toro on panama's north caribbean coast. Modeled after stc's tortuguero program, the purpose of the panama project is to study, protect and recover local populations of leatherback and hawksbill turtles, both of which nest in globally significant numbers in the region. The project includes ongoing monitoring, protection and education activities at chiriqui beach, playa larga, red beach and escudo de veraguas, soropta and colon. International programs - these programs protect sea turtles by expanding conservation, education and policy initiatives in a variety of activities throughout the world.

Form 990, Part V, Line 4B

COSTA RICA, PANAMA

Form 990, Part XI, Line 9

Special event expenses 4,888 cost of sales 89,692 special event expense -4,888 cost of sales -89,692

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The organization holds funds for the florida coastal coalition which are disbursed at the request of the agency. Revenues of the florida coastal coalition are not revenues of stc; therefore, the amount stc holds at year end is reported as a liability.

Schedule D, Page 2, Part V, Line 4

Earnings from the endowment funds are used to fund research and conservation of sea turtles.

Schedule D, Page 3, Part X

The corporation is tax exempt under section 501(c)(3) of the internal revenue code and does not earn any unrelated business taxable income. Therefore, no provision for income taxes is reflected in the accompanying financial statements. The corporation holds no uncertain tax positions and, therefore, has no policy for evaluating them.

Schedule D, Page 4, Part XI, Line 2D

Special event expenses 4,888 cost of sales 89,692

Schedule D, Page 4, Part XII, Line 2D

Special event expense 4,888 cost of sales 89,692

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