Gasparilla Island Conservation And Improvement Association Inc
- Assets
- $49.6m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 2
- Location
- Boca Grande, FL
- Founding
- 08/1971
- Data as of
- 12/2022
- EIN
- 23-7097778
Organization Overview
Gasparilla Island Conservation And Improvement Association Inc is located in Boca Grande, FL. The organization was established in 1971. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 12/2022, Gasparilla Island Conservation And Improvement Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gasparilla Island Conservation And Improvement Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Gasparilla Island Conservation And Improvement Association Inc generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $863.1k during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MISSION STATEMENT:THE GICIA IS DEDICATED TO PRESERVING THE INTEGRITY OF THE GASPARILLA ISLAND CONSERVANCY DISTRICT ACT, ENHANCING CONSERVANCY PROPERTIES, MAINTAINING THE BIKE PATH, AND ENCOURAGING INITITIVES THAT BENEFIT OUR ISLAND COMMUNITY.SIGNIFICANT ACTIVITIES:OWN AND MAINTAIN 5 MILES OF BIKE AND WALKING PATH USED BY RESIDENTS AND VISITORS. OWN AND MAINTAIN MORE THAN 275 ACRES OF ENVIRONMENTALLY SENSITIVE PROPERTY AS A PART OF OUR LAND CONSERVANCY. WORK TO SEE THAT THE INTEGRITY OF THE GASPARILLA ISLAND CONSERVATION DISTRICT 0F 1980 IS MAINTAINED BY BOTH LEE AND CHARLOTTE COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIKE PATH FUND-OPERATION AND MAINTENANCE OF A BICYCLE PATH AND PARK AREAS AVAILABLE FOR PUBLIC USE ON THE ISLAND
LAND CONSERVANCY FUND - UPKEEP AND MAINTENANCE OF LAND DESIGNATED AS CONSERVANCY LANDS ON AND IMMEDIATELY SURROUNDING A REMOTE BARRIER ISLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Misty Nichols Executive Director | 40 | $162,620 | |
Marjorie Webb President | Officer | 10 | $0 |
Leslie Wallace Treasurer | Officer | 10 | $0 |
Madonna Merritt Vice President | Officer | 10 | $0 |
Judd Gregg Director | Trustee | 5 | $0 |
Will Farish Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,998,151 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $3,800,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,998,151 |
| Total Program Service Revenue | $0 |
| Investment income | $172,489 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $460,324 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,630,964 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $162,620 |
| Compensation of current officers, directors, key employees. | $162,620 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,138 |
| Pension plan accruals and contributions | $31,298 |
| Other employee benefits | $2,999 |
| Payroll taxes | $16,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,994 |
| Fees for services: Accounting | $23,000 |
| Fees for services: Lobbying | $15,045 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $64,881 |
| Fees for services: Other | $9,747 |
| Advertising and promotion | $0 |
| Office expenses | $21,264 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,073 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,909 |
| Insurance | $47,137 |
| All other expenses | $2,849 |
| Total functional expenses | $863,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $763,696 |
| Savings and temporary cash investments | $345,659 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,030 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,070 |
| Net Land, buildings, and equipment | $37,293,648 |
| Investments—publicly traded securities | $11,142,112 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,606,215 |
| Accounts payable and accrued expenses | $42,865 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $42,865 |
| Net assets without donor restrictions | $5,239,587 |
| Net assets with donor restrictions | $44,323,763 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $49,606,215 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Gasparilla Island Conservation And Improvement Association Inc has recieved totaling $22,000.
| Awarding Organization | Amount |
|---|---|
August A Busch Iii Charitable Trust Chesterfield, MO PURPOSE: GENERAL | $10,000 |
Bill & Katherine Fox Foundation Minneapolis, MN PURPOSE: GENERAL OPERATIONS | $10,000 |
The Fullgraf Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kenneth Kirchman Foundation Inc Saint Cloud, FL | $167,300,006 | $1,378,162 |
Athens Land Trust Inc Athens, GA | $9,139,569 | $3,608,954 |
Atlantic Coast Conservancy Inc Jasper, GA | $116,932,438 | $4,648,270 |
Georgia-Alabama Land Trust Inc Piedmont, AL | $54,818,937 | $4,132,358 |
North Florida Land Trust Inc Jacksonville, FL | $17,924,673 | $2,506,149 |
Alachua Conservation Trust Incorporated Gainesville, FL | $33,442,340 | $6,368,662 |
Carpet America Recovery Effort Care Inc Dalton, GA | $734,036 | $2,851,566 |
Florida Keys Land & Sea Trust Inc Marathon, FL | $2,895,043 | $1,398,767 |
Orlando Land Trust Inc Orlando, FL | $228,543 | $559,563 |
Indian River Land Tr Inc Vero Beach, FL | $28,649,785 | $3,293,113 |
St Simons Land Trust St Simons Island, GA | $65,751,426 | $5,906,971 |
Pigeon Key Foundation Marathon, FL | $2,736,729 | $1,317,780 |