Civic Intelligence

Sea Turtle Conservancy

990 • Fiscal year 2017 • EIN 59-6151069

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 13, 2018

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

45th percentile

0.07x

Higher debt load relative to assets than 45% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

49th percentile

0.09x

Higher debt load relative to revenue than 49% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

45th percentile

1.6%

Higher net margin than 45% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

87th percentile

$175,338

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

41st percentile

0.6%

Faster asset growth than 41% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

64th percentile

12%

Faster revenue growth than 64% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$4,718,370

Up $27,292 (+0.6%) from 2016

Net Assets

Up

$4,404,036

Up $145,855 (+3.4%) from 2016

Liabilities

Down

$314,334

Down $118,563 (-27%) from 2016

Revenue

Up

$3,392,714

Up $358,568 (+12%) from 2016

Expenses

Up

$3,339,353

Up $475,111 (+17%) from 2016

Net Income

Down

$53,361

Down $116,543 (-69%) from 2016

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

2017

Assets$4,718,370
Liabilities$314,334
Net Assets$4,404,036

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

2017

Revenue$3,392,714
Expenses$3,339,353
Net Income$53,361
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 13, 2018
Return Version
2017v2.3
Gross Receipts
$3,497,619
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.

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$1,878,778$1,857,289▼ $21,489
Savings and Temporary Cash Investments$1,452,465$1,417,580▼ $34,885
Cash and Non-Interest-Bearing Accounts$700,396$697,666▼ $2,730
Pledges and Grants Receivable$333,727$425,860▲ $92,133
Land, Buildings, and Equipment, Net$270,599$256,067▼ $14,532
Inventories for Sale or Use$39,736$36,788▼ $2,948
Prepaid Expenses and Deferred Charges$15,377$27,120▲ $11,743
Total Assets$4,691,078$4,718,370▲ $27,292
Liabilities
Deferred Revenue$246,134$178,924▼ $67,210
Accounts Payable and Accrued Expenses$121,538$129,705▲ $8,167
Escrow Account Liability$65,225$5,705▼ $59,520
Total Liabilities$432,897$314,334▼ $118,563
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,539,324$2,524,792▼ $14,532
Unrestricted Net Assets$1,008,434$1,057,830▲ $49,396
Temporarily Rstr Net Assets$710,423$821,414▲ $110,991
Total Net Assets Fund Balance$4,258,181$4,404,036▲ $145,855
Total Liabilities and Net Assets / Fund Balance$4,691,078$4,718,370▲ $27,292

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$200,794$448,084$648,878
Equipment$29,973$262,393$292,366
Land$25,300-$25,300

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$2,541,453$9,188▲ $78,967$100,000$2,529,608
2016$2,569,408$22,065▲ $84,980$135,000$2,541,453
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David GodfreyCEOFT$149,387$25,951$175,338
Patricia MccloskeyCFOFT$104,924$21,060$125,984

Board Members and Trustees

NameTitle
Landon T ClayChairman
Laura FortePresident
Anthony D Knerr Ph DBoard Member
Archie Carr Iii PhdBoard 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 WilliamsBoard Member
F Peter RoseSecretary
Nicholas a ShufroTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,813,874
Program Service Revenue
$458,817
Investment Income
$24,853
Other Revenue
$95,170
All Other Contributions
$1,975,231
Change in Net Assets
$53,361

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,355,598
Revenue Not Reported on Financial Statements
$37,116
Revenue Not Reported on Form 990
$104,903
Total Revenue per Audited Statements
$3,460,501
Total Revenue per Form 990
$3,392,714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,321,268
Grants and Similar Amounts Paid$1,067,864
Salaries, Compensation, and Employee Benefits$950,221
Total Fundraising Expense$186,542
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,067,864--$1,067,864
Other Salaries and Wages$369,534$23,505$59,121$452,160
Current Officers, Directors, Trustees, and Key Employees$186,800$67,172$47,350$301,322
Travel$155,910$9,124$11,759$176,793
Other Employee Benefits$86,535$7,718$9,062$103,315
Office Expenses$44,474$2,504$33,860$80,838
Occupancy$65,215$9,182$797$75,194
Other Expenses$67,035$587$6,788$74,410
All Other Expenses$55,724--$55,724
Depreciation Depletion$53,449$147$293$53,889
Payroll Taxes$44,697$3,986$4,681$53,364
Fees for Services Other$47,229-$4,200$51,429
Information Technology$42,770$1,362$5,117$49,249
Pension Plan Contributions$33,553$2,993$3,514$40,060
Fees for Service Investment Mgmnt Fees-$37,116-$37,116
Fees for Services Accounting$2,621$14,400-$17,021
Insurance$6,877$7,893-$14,770
Fees for Services Legal$1,034$650-$1,684
Total Functional Expenses$2,961,923$190,888$186,542$3,339,353

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,407,140
Total Expenses per Form 990$3,339,353
Expenses per Audited Statements$3,302,237
Expenses Not Reported on Form 990$104,903
Expenses Not Reported on Financial Statements$37,116
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Summerhouse Panama CityPanama City Beach, FL-Lighting$50,674
Holiday Surf & Racquet ClubDestin, FL-Lighting/dune Plant$48,970
University of Central FloridaOrlando, FL-Research$43,124
Sterling Sands Condominium AssocDestin, FL-Lighting$39,260
Treasure Island Condominium AssocPanama Beach, FL-Lighting$38,660
Dunes Motel IncPensacola Beach, FL3Lighting$36,307
Sea Turtle ConservancyGainesville, FL-Conservation$34,419
San Perdido AssocPensacola, FL-Lighting$33,817
Florida Atlantic UniversityBoca Raton, FL-Education/research$32,540
Inwater Research Group IncJensen Beach, FL-Research/education$32,512
University of FloridaGainesville, FL-Sea Turtle Research$32,390
Emerald Isle Club IncMiramar Beach, FLGovLighting$32,000
Sabine Yacht & Racquet Club AssocPensacola, FL-Lighting$29,887
PALACIO AT PERDIDO OWNERS' ASSOCPensacola, FL-Lighting/dune Plant$29,715
Friends Marine Science CenterPonce Inlet, FL-Equipt/conservation$28,933
Top of Gulf Community AssocPanama City Beach, FL-Lighting$26,114
Perdido Sun Condominiums AssocPensacola, FL-Lighting$25,673
Ocean Breeze of Perdido AssocPensacola, FL-Lighting$24,288
Gulf Specimen LaboratoryPanacea, FL-Conservation$23,874
Destin Seafarer Condominium AssocDestin, FL3Lighting$22,301
Crystal Sands Owners AssocDestin, FL3Lighting$20,543
Brevard County Eels ProgramMelbourne Beach, FLGovEducation$19,085
Florida State UniversityTallahassee, FL-Education/research$18,759
EMERALD TOWERS OWNERS' ASSOCDestin, FL3Lighting$18,089
Breakers East Owners AssocDestin, FLGovLighting$17,668
Beach & Yacht Club at PerdidoPensacola, FLGovLighting$17,169
Islander Beach Resort & CondominiumFort Walton Beach, FL-Lighting$16,402
Pelican Isles Condominium AssocFort Walton Beach, FL-Lighting$16,232
Jetty East Condominium AssocDestin, FL-Lighting$15,861
Island Echos Condominium AssocFort Walton Beach, FL-Lighting$14,804
Regency Towers Owners Assoc IncPanama City Beach, FL-Lighting$14,482
Capri Owners AssocPensacola, FL3Lighting$14,226
Marseilles Condominium AssocPensacola, FL-Lighting$14,054
University of Florida FoundationSt Augustine, FL-Research/education$13,651
Resortquest Northwest Florida LLCFort Walton Beach, FL-Lighting$13,543
Mote Marine LaboratorySarasota, FL-Equipment/research$12,950
Beachview Condominium AssocMiramar Beach, FL3Lighting/dune Plant$12,866
Tristan Towers Owners AssocPensacola, FL-Lighting$11,244
Crystal Villas Owners AssocDestin, FL3Lighting/dune Plant$11,135
San De Luna Homeowners AssocPensacola, FL-Lighting$10,925
Perdido Towers Owners AssocPensacola, FL-Lighting$10,790
Hidden Harbor Marine EnvironmentMarathon, FL-Equipment$9,396
Florencia Condominium AssociationPensacola, FL-Lighting$9,323
Loggerhead MarineJuno Beach, FL-Conservation$9,236
Needle Rush Point Owners AssocPensacola, FL-Lighting$8,136
Sundunes Condominium AssocDestin, FL-Lighting$8,102
Apalachicola National EstuarineEastpoint, FLGovEducation/research$7,907
Clearwater Marine Aquarium IncClearwater, FL3Equipment/conserv$7,143
Destin Beach Owners AssocDestin, FL3Lighting$7,076
Friends of St Joseph State ParkPort St Joe, FL-Equipt/conservation$6,929
Summerlin Condominium AssocMiramar Beach, FL-Lighting$6,613
Alachua Conservation TrustGainesville, FL3Conservation$5,400

International Summary

Offices
2
Employees
99
Spending
$1,005,647

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 Turtles299$1,005,647
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$23,852
Fundraising Direct Expenses$17,326
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Tour De Turtles$11,551$11,406-$11,406
Golf Tournament$12,850$7,920$1,002$6,918
Total Events$29,406$23,852$17,326$6,526
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$37,116
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
2018-09-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Godfrey
Formed
1960
Legal Domicile
Fl
Voting Board Members
20
Independent Board Members
19
Employees
16
Volunteers
145

Preparer

Firm
Kattell & Company Pl
Address
808B NW 16TH AVE, GAINESVILLE, FL 32601
Preparer
Stephen H Kattell CPA
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 17,326 cost of sales 87,577 special event expense -17,326 cost of sales -87,577

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. The organization manages the administrative duties for the turtle spotter's activity conducted in tortuguero, costa rica. As part of these duties, the organization collects fees and holds the funds until directed to distribute them in accordance with the directions of a local committee. The revenue of the turtle spotters program is not the revenue 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. In addition, the corporation qualifies for the charitable contributions deduction and has been classified by the internal revenue service as an organization that is not a private foundation. 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 17,326 cost of sales 87,577

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

Special event expense 17,326 cost of sales 87,577

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IRS990/ProgSrvcAccomActy2Grp/Desc0TORTUGUERO RESEARCH AND CONSERVATION - SEA TURTLE RESEARCH AND CONSERVATION BASED IN TORTUGUERO, COSTA RICA. EMPHASIS IS CENTERED ON THE LOCAL POPULATIONS OF GREEN AND LEATHERBACK TURTLES. THIS INCLUDES TAGGING AND EDUCATIONAL ACTIVITIES, RESEARCH GRANTS, FELLOWSHIPS AND OTHER RELATED EXPENSES. PROJECT ALSO INCLUDES A RESEARCH ASSISTANTSHIP PROGRAM THAT PROVIDES TRAINING TO ASPIRING BIOLOGISTS, PARTICULARLY FROM LATIN AMERICA AND THE CARIBBEAN.
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IRS990/ProgSrvcAccomActy3Grp/Desc0LIGHTING AND PREDATION - INITIALLY THESE PROGRAMS WERE CREATED IN RESPONSE TO THE DEEPWATER HORIZON OIL SPILL IN THE GULF OF MEXICO. FUNDS HAVE BEEN USED FOR SEA TURTLE MITIGATION IN THREE AREAS: LIGHTING, REHABILITATION, AND PREDATION. CURRENTLY FUNDING CONTINUES FOR MITIGATION IN LIGHTING AND PREDATION. LIGHTING GRANTS REPLACE PROBLEM FIXTURES ON COASTAL PROPERTIES WITH SHIELDED AMBER LED LIGHTS THAT REDUCE DISORIENTATION FOR NESTING TURTLES AND HATCHLINGS. PREDATION FUNDS CONCENTRATE ON REDUCING THE INCIDENCE OF PREDATION OF TURTLE EGGS AND HATCHLINGS.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0BARRIER 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.
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