Guides Trust Foundation Inc
- Assets
- $1.9m
- Revenue
- $150.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Islamorada, FL
- Founding
- 05/1974
- Data as of
- 05/2024
- EIN
- 62-0916627
Organization Overview
Guides Trust Foundation Inc is located in Islamorada, FL. The organization was established in 1974. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guides Trust Foundation 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 05/2024, Guides Trust Foundation Inc generated $150.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $84.3k during the year ending 05/2024. While expenses have increased by 6.7% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL ASSISTANCE TO GUIDE-BENEFICIARIES IN TIMES OF HARDSHIP, SUPPORT CONSERVATION EFFORTS THAT ARE CRITICAL TO THE FISHERY IN WHICH THEYOPERATE AND MAKE INVESTMENTS, THROUGH SCHOLARSHIPS, IN THE FUTURE OF THE COMMUNITIES IN WHICH THEY LIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT CONSERVATION EFFORTS CRITICAL TO THE FISHERY IN WHICH GUIDE-BENEFICIARIES OPERATE. MADE DONATIONS TO ONE MARINE CONSERVATION ORGANIZATION DURING THE FISCAL YEAR.
INVEST, THROUGH SCHOLARSHIPS, IN THE FUTURE OF THE COMMUNITIES IN WHICH GUIDE-BENEFICIARIES LIVE. AWARDED COLLEGE SCHOLARSHIPS TO FOUR STUDENT APPLICANTS DURING THE FISCAL YEAR.
THESE EXPENSES REPRESENT THE TOTAL (UNALLOCATED) OPERATING AND OVERHEAD EXPENSES INCURRED TO ACHIEVE THE ORGANIZATION'S PROGRAM SERVICE OBJECTIVES AND ACCOMPLISHMENTS DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Varney Sebastian Trustee | OfficerTrustee | 0.5 | $0 |
Ray Robert Trustee&chair | OfficerTrustee | 3 | $0 |
Carruthers Evan Trustee & Sec | OfficerTrustee | 1 | $0 |
Duncan III Charles W Trustee | Trustee | 0.5 | $0 |
Morgan Thane Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,660 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,660 |
| Total Program Service Revenue | $0 |
| Investment income | $54,586 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$16,099 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $150,147 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $35,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,254 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $482 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,322 |
| Information technology | $3,665 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $1,355 |
| All other expenses | $0 |
| Total functional expenses | $84,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,771 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $767 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,792,558 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,943,096 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,943,096 |
| 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 | $1,943,096 |
Grants Awarded
Over the last fiscal year, Guides Trust Foundation Inc has awarded $197,286 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BONEFISH TARPON TRUST PURPOSE: General support of Prgram Services | $20,000 |
FLA KEYS FISHING GUIDES FD PURPOSE: COVID 19 relief for fishing guides | $127,286 |
LOWER KEYS GUIDES ASSOC PURPOSE: COVID 19 relief for fishing guides | $50,000 |