Wise Tropics Inc
- Assets
- $35.0k
- Revenue
- $244.1k
- Investments
- $0.0
- Employees
- 0
- Location
- East Setauket, NY
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-3018952
Organization Overview
Wise Tropics Inc is located in East Setauket, NY. The organization was established in 2019. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, 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. Wise Tropics 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, Wise Tropics Inc generated $244.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.3% each year . All expenses for the organization totaled $220.3k during the year ending 12/2022. 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
WISE TROPICS AIMS TO ENSURE THAT FUTURE GENERATIONS WILL INHERIT TROPICAL FORESTS AND THE WONDER THEY BRING. BUILDING ON THIRTY YEARS OF HANDS-ON EXPERIENCE IN MADAGASCAR, WISE TROPICS SUPPORTS PROGRAMS THAT SAVE LEMURS, SAFEGUARD NATURE, PLANT NEW RAINFORESTS, AND EDUCATE CHILDREN AND ADULTS ON THE EFFECTS OF GLOBAL CLIMATE CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING ON THIRTY YEARS OF HANDS-ON EXPERIENCE IN MADAGASCAR, WISE TROPICS SUPPORTS PROGRAMS THAT SAVE LEMURS, SAFEGUARD NATURE, PLANT NEW RAINFORESTS, AND EDUCATE CHILDREN AND ADULTS ON THE EFFECTS OF GLOBAL CHANGE. WISE TROPICS SUPPORTS SCHOOL AND OTHER EDUCATION OUTREACH PROGRAMS IN MADAGASCAR THAT ENCOURAGE CONSERVATION PROJECTS. SOME OF THESE PROGRAMS TEACH THE VALUE OF THE FOREST AND ITS BIODIVERSITY THROUGH CAMPING TRIPS, NATURE WALKS, AND NATIVE TREE REFORESTATION PROGRAMS. WISE TROPICS ALSO RECEIVES CONTRIBUTIONS FROM DONORS FOR CONSERVATION EFFORTS, WHICH IS THEN DONATED TO CENTRE VALBIO (CVB). CVB WORKS TO PROTECT MADAGASCAR'S UNIQUE AND BIOLOGICALLY DIVERSE ECOSYSTEMS THROUGH CONSERVATION SCIENCE AND PROJECTS THAT DIRECTLY BENEFIT THE LOCAL PEOPLE, INCLUDING RURAL HEALTH CARE DELIVERY. CVB HAS A WORLD-CLASS RESEARCH STATION SITED ON THE EDGE OF MADAGASCAR'S BEAUTIFUL AND ABUNDANT RANOMAFANA NATIONAL PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Wright Executive Director | OfficerTrustee | 5 | $0 |
Amanda Poston Treasurer | OfficerTrustee | 3 | $0 |
Amanda Rowe Board Member | OfficerTrustee | 0.5 | $0 |
Hugh Chapple Board Member | OfficerTrustee | 0.25 | $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 | $244,108 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $244,108 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $244,108 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $162,678 |
| Grants and other assistance to domestic individuals. | $2,596 |
| Grants and other assistance to Foreign Orgs/Individuals | $46,650 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,000 |
| Advertising and promotion | $0 |
| Office expenses | $5,031 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $50 |
| Total functional expenses | $220,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,965 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $34,965 |
| 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 | $11,111 |
| 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 | $34,965 |
Grants Awarded
Over the last fiscal year, Wise Tropics Inc has awarded $161,978 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRE VALBIO - STONY BROOK FOUNDATION INC PURPOSE: FOR THE PURCHASE OF RESEARCH EQUIPMENT | $29,700 |
CENTRE VALBIO - STONY BROOK FOUNDATION INC PURPOSE: TO SUPPORT CONSERVATION EDUCATION IN MADAGASCAR | $7,778 |
CENTRE VALBIO - STONY BROOK FOUNDATION INC PURPOSE: TO SUPPORT LEMUR CONSERVATION IN MADAGASCAR | $15,000 |
CENTRE VALBIO - STONY BROOK FOUNDATION INC PURPOSE: TO SUPPORT THE CENTRE VALBIO LABORATORY | $50,500 |
CENTRE VALBIO - STONY BROOK FOUNDATION INC PURPOSE: NEW GUEST FACILITIES AT CENTRE VALBIO | $59,000 |