Civic Intelligence

Sea Turtle Conservancy

990 • Fiscal year 2018 • EIN 59-6151069

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 05, 2019

4581 NW 6th St Suite AGainesville, 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

0.12x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

52nd percentile

0.18x

Higher debt load relative to revenue than 52% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

69th percentile

12%

Higher net margin than 69% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

69th percentile

$172,364

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

69th percentile

7.7%

Faster asset growth than 69% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

28th percentile

-3.9%

Faster revenue growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$5,079,444

Up $361,074 (+7.7%) from 2017

Net Assets

Up

$4,492,439

Up $88,403 (+2.0%) from 2017

Liabilities

Up

$587,005

Up $272,671 (+87%) from 2017

Revenue

Down

$3,261,910

Down $130,804 (-3.9%) from 2017

Expenses

Down

$2,885,468

Down $453,885 (-14%) from 2017

Net Income

Up

$376,442

Up $323,081 (+605%) from 2017

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

2018

Assets$5,079,444
Liabilities$587,005
Net Assets$4,492,439

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

2018

Revenue$3,261,910
Expenses$2,885,468
Net Income$376,442
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 5, 2019
Return Version
2018v3.1
Gross Receipts
$3,345,550
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
Savings and Temporary Cash Investments$1,417,580$2,116,496▲ $698,916
Investments in Publicly Traded Securities$1,907,480$2,009,544▲ $102,064
Cash and Non-Interest-Bearing Accounts$647,475$470,282▼ $177,193
Land, Buildings, and Equipment, Net$256,067$273,519▲ $17,452
Pledges and Grants Receivable$425,860$147,465▼ $278,395
Inventories for Sale or Use$36,788$35,437▼ $1,351
Prepaid Expenses and Deferred Charges$27,120$26,701▼ $419
Total Assets$4,718,370$5,079,444▲ $361,074
Liabilities
Deferred Revenue$178,924$452,038▲ $273,114
Accounts Payable and Accrued Expenses$129,705$134,967▲ $5,262
Escrow Account Liability$5,705--
Total Liabilities$314,334$587,005▲ $272,671
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,524,792$2,145,921▼ $378,871
Unrestricted Net Assets$1,057,830$1,621,948▲ $564,118
Temporarily Rstr Net Assets$821,414$724,570▼ $96,844
Total Net Assets Fund Balance$4,404,036$4,492,439▲ $88,403
Total Liabilities and Net Assets / Fund Balance$4,718,370$5,079,444▲ $361,074

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$175,597$475,881$651,478
Equipment$72,622$275,806$348,428
Land$25,300-$25,300

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,529,608$8,740▼ $279,386$100,000$2,158,962
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David GodfreyCEOFT$146,442$25,922$172,364
Patricia MccloskeyCFOFT$107,849$21,676$129,525

Board Members and Trustees

NameTitle
F Peter RoseChairman
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
Kim OgrenBoard Member
Landon H ClayBoard Member
Michael FeldBoard Member
Michael P Bruyere EsqBoard Member
Peggy CavanaughBoard Member
Rick ClevelandBoard Member
Shirley SanchezBoard Member
Sing WilliamsBoard Member
Mark D ShantzisSecretary
Nicholas a ShufroTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,463,961
Program Service Revenue
$470,871
Investment Income
$38,312
Other Revenue
$288,766
All Other Contributions
$1,543,468
Change in Net Assets
$376,442

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded4$33,425
Boats and Planes1$21,583
Total Noncash Contributions5$55,008

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,223,598
Revenue Not Reported on Financial Statements
$38,312
Revenue Not Reported on Form 990
$85,174
Other Revenue Adjustments
$38,312
Total Revenue per Audited Statements
$3,308,772
Total Revenue per Form 990
$3,261,910
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,428,883
Salaries, Compensation, and Employee Benefits$932,481
Grants and Similar Amounts Paid$524,104
Total Fundraising Expense$215,493
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$524,104--$524,104
Other Salaries and Wages$333,075$9,163$40,002$382,240
Current Officers, Directors, Trustees, and Key Employees$176,904$65,383$59,602$301,889
Travel$192,649$10,065$14,799$217,513
Other Employee Benefits$93,452$13,661$18,252$125,365
Office Expenses$54,372$4,050$34,725$93,147
Occupancy$72,144$10,392$5,540$88,076
Pension Plan Contributions$52,352$7,653$10,224$70,229
Other Expenses$58,699$302$5,492$64,493
Payroll Taxes$39,328$5,749$7,681$52,758
Depreciation Depletion$49,271$147$293$49,711
Information Technology$38,928$2,663$6,197$47,788
All Other Expenses$45,706-$150$45,856
Fees for Services Other$33,164--$33,164
Fees for Service Investment Mgmnt Fees-$33,111-$33,111
Insurance$8,127$10,093-$18,220
Fees for Services Accounting$2,404$14,850-$17,254
Fees for Services Legal$7,102$1,323-$8,425
Total Functional Expenses$2,478,711$191,264$215,493$2,885,468

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,937,531
Total Expenses per Form 990$2,885,468
Expenses per Audited Statements$2,852,357
Expenses Not Reported on Form 990$85,174
Expenses Not Reported on Financial Statements$33,111
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Loggerhead MarineJuno Beach, FLGovResearch & Conserv.$46,403
Florida State UniversityTallahassee, FL3Research$35,927
Summerhouse Panama CityPanama City Beach, FL-Lighting$28,843
University of Florida FoundationSt Augustine, FL-Research/conserv.$26,667
Inwater Research Group IncJensen Beach, FL3Research/education$22,739
University of FloridaGainesville, FL-Conservation$21,105
Holiday Surf & Racquet ClubDestin, FL3Lighting$18,184
Hidden Harbor Marine EnvironmentMarathon, FL3Equipment$16,786
University of Central FloridaOrlando, FL-Research$16,507
Ocean Breeze of Perdido AssocPensacola, FL-Lighting$16,015
Clinic for the Rehabilitation ofSanibel, FL3Conservation$15,167
PALACIO AT PERDIDO OWNERS' ASSOCPensacola, FL-Lighting/dune Plant$15,048
Conservancy of Southwest FloridaNaples, FL3Research$13,533
Destin Beach Owners AssocDestin, FLGovLighting$13,417
Seafarer Owners AssocPensacola, FL-Lighting$12,944
Destin Seafarer Condominium AssocDestin, FLGovLighting$12,139
Save-a-turtleIslamorada, FL-Education$12,007
Brevard County Eels ProgramMelbourne Beach, FL3Education$11,907
Top of Gulf Community AssocPanama City Beach, FL-Lighting$11,696
Perdido Sun Condominiums AssocPensacola, FL-Dune Planting$10,711
Florida Atlantic UniversityBoca Raton, FL3Research$10,223
Friends Marine Science CenterPonce Inlet, FL3Conservation$9,712
San Perdido AssocPensacola, FL-Dune Planting$8,714
Sea Turtle Preservation SocietyIndialantic, FL-Conservation$8,415
Gulfarium Care FoundationFort Walton Beach, FL3Conservation$7,805
Florida AquariumTampa, FL3Education$7,664
Treasure Island Condominium AssocPanama Beach, FL-Dune Planting$7,498
Beach & Yacht Club at PerdidoPensacola, FLGovLighting$7,358
University of Central FloridaOrlando, FL-Research/education$7,326
Mote Marine LaboratorySarasota, FL3Conservation$6,999
Gulf Specimen Marine LaboratoryPanacea, FL3Conservation$6,177
Emerald Surf Condominium AssocNavarre, FL3Lighting$5,628

International Summary

Offices
2
Employees
121
Spending
$1,026,627

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 Turtles2121$1,026,627
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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 H ClayBoard MemberInvestment FeesNo$32,951
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 8B

No committee has authority to act on behalf of the governing body.

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

The form 990 is prepared with the assistance of a certified public 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
4581 NW 6TH ST SUITE A, GAINESVILLE, FL 32609

Signing Officer

Name
Patricia Mccloskey
Title
CFO
Phone
3523736441
Signed
2019-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Godfrey
Formed
1960
Legal Domicile
Fl
Voting Board Members
21
Independent Board Members
20
Employees
16
Volunteers
117

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, bluff beach and the zapatilla cays. 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

Cost of sales 85,174 investment income -38,312 cost of sales -85,174 total -38,312

Financial Statement Notes

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 4, Part XI, Line 2D

COST OF SALES 85,174

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

INVESTMENT INCOME 38,312

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

COST OF SALES 85,174

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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, BLUFF BEACH AND THE ZAPATILLA CAYS. 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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