Bonefish & Tarpon Trust Inc
- Assets
- $2.2m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 13
- Location
- Miami, FL
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 65-0988321
Organization Overview
Bonefish & Tarpon Trust Inc, operating under the name Bonefish Tarpon Trust, is located in Miami, FL. The organization was established in 2001. According to its NTEE Classification (D11) the organization is classified as: Single Organization Support, under the broad grouping of Animal-Related and related organizations. As of 12/2021, Bonefish Tarpon Trust employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bonefish Tarpon Trust 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 12/2021, Bonefish Tarpon Trust generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 10.9% per year over the past 7 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.
Since 2015, Bonefish Tarpon Trust has awarded 47 individual grants totaling $3,104,836. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONSERVE AND RESTORE BONEFISH, TARPON AND PERMIT FISHERIES AND HABITATS THROUGH SCIENTIFIC RESEARCH, STEWARDSHIP, EDUCATION AND ADVOCACY
Describe the Organization's Program Activity:
PROVIDING SUPPORT TO VARIOUS PROGRAMS STUDYING THE BEHAVIOR OF BONEFISH, TARPON, AND PERMIT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Mcduffie President | OfficerTrustee | 40 | $252,113 |
Bill Horn Vice Chairman | OfficerTrustee | 5 | $0 |
Harold Brewer Past Chairman | OfficerTrustee | 0 | $0 |
Russ Fisher Vice Chairman Emeritus | OfficerTrustee | 0 | $0 |
Tom Davidson Chairman Emeritus | OfficerTrustee | 0 | $0 |
Jeff Harkavy Secretary | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $229,070 |
| Fundraising events | $725,547 |
| Related organizations | $0 |
| Government grants | $241,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,481,277 |
| Noncash contributions included in lines 1a–1f | $84,649 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,677,019 |
| Total Program Service Revenue | $0 |
| Investment income | $84,411 |
| 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 | $2,142 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,763,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $260,952 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $40,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $270,113 |
| Compensation of current officers, directors, key employees. | $21,955 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $361,479 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $51,178 |
| Fees for services: Management | $1,065 |
| Fees for services: Legal | $35,874 |
| Fees for services: Accounting | $16,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,007 |
| Advertising and promotion | $0 |
| Office expenses | $86,096 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,904 |
| Travel | $48,085 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,108 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,853 |
| Insurance | $60,582 |
| All other expenses | $0 |
| Total functional expenses | $3,438,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,140,117 |
| Savings and temporary cash investments | $896,746 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $93,450 |
| 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 | $10,983 |
| Net Land, buildings, and equipment | $11,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,821 |
| Total assets | $2,159,678 |
| Accounts payable and accrued expenses | $259,461 |
| Grants payable | $0 |
| Deferred revenue | $131,643 |
| 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 | $391,104 |
| Net assets without donor restrictions | $1,768,574 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,159,678 |
Grants Awarded
Over the last fiscal year, Bonefish & Tarpon Trust Inc has awarded $255,952 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA ATLANTIC UNIVERSITY PURPOSE: RESEARCH AND EDUCATION BONEFISH, TARPON, AND PERMIT | $104,393 |
BOARD OF REGENTS OF U OF WISCONSIN SYSTEM PURPOSE: RESEARCH AND EDUCATION BONEFISH, TARPON, AND PERMIT | $67,280 |
FLORIDA INTERNATIONAL UNIVERSITY PURPOSE: RESEARCH AND EDUCATION BONEFISH, TARPON, AND PERMIT | $43,015 |
Coral Gables, FL PURPOSE: RESEARCH AND EDUCATION BONEFISH, TARPON, AND PERMIT | $22,000 |
Amherst, MA PURPOSE: RESEARCH AND EDUCATION BONEFISH, TARPON, AND PERMIT | $11,764 |
LOUISIANA STATE UNIVERSITY PURPOSE: RESEARCH AND EDUCATION BONEFISH, TARPON, AND PERMIT | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bonefish & Tarpon Trust Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Burton Family Foundation Birmingham, AL PURPOSE: CONSERVE AND RESTORE BONEFISH, TARPON AND PERMIT FISHERIES AND HABITATS THROUGH RESEARCH, STEWARDSHIP, EDUCATION AND ADVOCACY. | $5,000 |
Dudley And Constance Godfrey Foundation Inc Milwaukee, WI PURPOSE: ENVIRONMENTAL | $2,500 |
Endowment Analysis
| Beg. Balance | $896,654 |
| Earnings | $92 |
| Ending Balance | $896,746 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Dian Fossey Gorilla Fund International Atlanta, GA | $34,853,425 | $8,191,894 |
Jacksonville Jaguars Foundation Inc Jacksonville, FL | $483,370 | $3,953,714 |
Bonefish & Tarpon Trust Inc Miami, FL | $2,159,678 | $3,763,572 |
Paws Humane Inc Columbus, GA | $9,312,790 | $2,921,124 |
Georgia Aquarium Foundation Inc Atlanta, GA | $71,825,615 | $6,050,542 |
Ding Darling Wildlife Society Inc Sanibel, FL | $15,322,068 | $5,152,512 |
Abbotsford Wildlife Foundation Inc Dalton, GA | $0 | $487,462 |
Lowry Park Zoo Endowment Foundation Inc Tampa, FL | $20,104,411 | $1,607,529 |
Boca Raton Humane Society Foundation Inc Palm Beach Gardens, FL | $995,850 | $235,274 |
Hssc Thrift Shop Inc Savannah, GA | $1,220 | $397,995 |
Tiny Tiger Foundation Vero Beach, FL | $5,172,722 | $529,832 |
Raymond E & Ellen F Crane Foundation Alachua, FL | $4,064,128 | $208,024 |