Solutions To Avoid Red Tide Inc
- Assets
- $239.9k
- Revenue
- $215.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Tallevast, FL
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 65-0688476
Organization Overview
Solutions To Avoid Red Tide Inc, operating under the name Solution To Avoid Red Tide Inc, is located in Tallevast, FL. The organization was established in 1997. According to its NTEE Classification (C05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solution To Avoid Red Tide 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, Solution To Avoid Red Tide Inc generated $215.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $151.0k during the year ending 12/2022. While expenses have increased by 9.3% 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
REDUCE EXCESS NUTRIENTS IN OUR COASTAL WATERWAYS AND INCREASE PUBLIC AWARENESS ABOUT THE IMPORTANCE OF PRESERVING OUR MARINE ENVIRONMENTR
Describe the Organization's Program Activity:
Part 3 - Line 4a
POND RESTORATION AND TEST WATER QUALITY, PLANT STOCK, EDUCATION TO IMPROVE NUTRIENT IN WATER RUN OFF
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Reith Exec Director | $0 | ||
Lonnie Ready Director | $0 | ||
Sherry Coles Treasurer | $0 | ||
Ed Chiles Director | $0 | ||
Sandy Gilbert Chairman | $0 | ||
Ernesto Lasso DE La Vega Director | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,549 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,049 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $122,522 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,330 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $943 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,301 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,305 |
| Office expenses | $1,753 |
| Information technology | $1,152 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,995 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $561 |
| All other expenses | $2,770 |
| Total functional expenses | $150,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,127 |
| 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 | $1,562 |
| Net Land, buildings, and equipment | $1,180 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $239,869 |
| Accounts payable and accrued expenses | $1,448 |
| Grants payable | $0 |
| Deferred revenue | $77,000 |
| 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 | $78,448 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $161,421 |
| Total liabilities and net assets/fund balances | $239,869 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Solutions To Avoid Red Tide Inc has recieved totaling $70,314.
| Awarding Organization | Amount |
|---|---|
Charles And Margery Barancik Foundation Sarasota, FL PURPOSE: ENVIRONMENT | $59,950 |
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT | $5,364 |
Jollay Family Foundation Inc St Petersburg, FL PURPOSE: WORKING TO REDUCE EXCESS NUTRIENTS IN OUR WATERWAYS THAT FEED RED TIDE. | $4,000 |
The Ingram Family Foundation Punta Gorda, FL PURPOSE: GENERAL FUND | $1,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coordinating Research Council Inc Alpharetta, GA | $13,644,048 | $4,139,511 |
Transportation Energy Partnership Atlanta, GA | $150,419 | $233,960 |
Solutions To Avoid Red Tide Inc Tallevast, FL | $239,869 | $215,051 |
Florida Springs Council Inc Gainesville, FL | $98,357 | $0 |
Paint Rock Forest Research Center Birmingham, AL | $675,564 | $192,718 |
Ocean Grants Fort Lauderdale, FL | $339,461 | $0 |
Rosebud Continuum Corporation Land O Lakes, FL | $68,348 | $0 |
International Society For Reef Studies Tavernier, FL | $345,940 | $0 |
Environmental Research & Education Foundation Inc Lakeland, FL | $22,922 | $0 |
Florida Section American Water Resources Association Inc Winter Park, FL | $177,503 | $0 |
Tree Institute International Inc Ft Lauderdale, FL | $142,965 | $0 |
One World Foundation Inc Atlanta, GA | $8,440 | $0 |