Civic Intelligence

Solutions to Avoid Red Tide Inc.

990 • Fiscal year 2024 • EIN 65-0688476

Jan 01, 2024 to Dec 31, 2024 • Filed on Feb 06, 2025

P O Box 642Tallevast, FL 34270

(941) 351-7719

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.74x

Higher debt load relative to assets than 92% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

7.08x

Higher debt load relative to revenue than 98% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

4th percentile

-81%

Higher net margin than 4% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

94th percentile

122%

Faster asset growth than 94% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-73%

Faster revenue growth than 2% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$532,004

Up $291,924 (+122%) from 2023

Net Assets

Down

$137,057

Down $45,106 (-25%) from 2023

Liabilities

Up

$394,947

Up $337,030 (+582%) from 2023

Revenue

Down

$55,776

Down $152,832 (-73%) from 2023

Expenses

Down

$100,884

Down $86,982 (-46%) from 2023

Net Income

Down

-$45,108

Down $65,850 (-317%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2010: $90,826Liabilities 2010: $1,996Net Assets 2010: $88,8302010Assets 2011: $119,352Liabilities 2011: $259Net Assets 2011: $119,0932011Assets 2012: $146,091Liabilities 2012: $02012Assets 2013: $138,052Liabilities 2013: $0Net Assets 2013: $138,0522013Assets 2014: $179,605Liabilities 2014: $1,8562014Assets 2015: $155,935Liabilities 2015: $02015Assets 2016: $87,303Liabilities 2016: $1,2332016Assets 2017: $17,456Liabilities 2017: $02017Assets 2018: $34,427Liabilities 2018: $1,024Net Assets 2018: $33,4032018Assets 2019: $18,894Liabilities 2019: $171Net Assets 2019: $18,7232019Assets 2020: $41,413Liabilities 2020: $0Net Assets 2020: $41,4132020Assets 2021: $97,257Liabilities 2021: $02021Assets 2022: $239,869Liabilities 2022: $78,448Net Assets 2022: $161,4212022Assets 2023: $240,080Liabilities 2023: $57,917Net Assets 2023: $182,1632023Assets 2024: $532,004Liabilities 2024: $394,947Net Assets 2024: $137,0572024Assets 2025: $299,914Liabilities 2025: $192,719Net Assets 2025: $107,1952025

Highlighted filing

2024

Assets$532,004
Liabilities$394,947
Net Assets$137,057

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2010: $88,971Expenses 2010: $138,678Net Income 2010: -$49,7072010Revenue 2011: $111,044Expenses 2011: $80,781Net Income 2011: $30,2632011Revenue 2012: $92,065Expenses 2012: $65,067Net Income 2012: $26,9982012Revenue 2013: $55,736Expenses 2013: $63,775Net Income 2013: -$8,0392013Revenue 2014: $85,126Expenses 2014: $45,429Net Income 2014: $39,6972014Revenue 2015: $52,480Expenses 2015: $74,294Net Income 2015: -$21,8142015Revenue 2016: $65,632Expenses 2016: $135,497Net Income 2016: -$69,8652016Revenue 2017: $42,160Expenses 2017: $110,774Net Income 2017: -$68,6142017Revenue 2018: $65,312Expenses 2018: $49,364Net Income 2018: $15,9482018Revenue 2019: $44,819Expenses 2019: $58,262Net Income 2019: -$13,4432019Revenue 2020: $52,606Expenses 2020: $30,087Net Income 2020: $22,5192020Revenue 2021: $110,999Expenses 2021: $55,156Net Income 2021: $55,8432021Revenue 2022: $215,051Expenses 2022: $150,977Net Income 2022: $64,0742022Revenue 2023: $208,608Expenses 2023: $187,866Net Income 2023: $20,7422023Revenue 2024: $55,776Expenses 2024: $100,884Net Income 2024: -$45,1082024Revenue 2025: $248,208Expenses 2025: $276,086Net Income 2025: -$27,8782025

Highlighted filing

2024

Revenue$55,776
Expenses$100,884
Net Income-$45,108
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 6, 2025
Return Version
2024v5.0
Gross Receipts
$55,776
Mission and Program Overview

Mission

Working to reduce excess nutrients in our waterways that feed red tide and other harmful algal blooms.

Reduce excess nutrients in our coastal waterways and increase public awareness about the importance of preserving our marine environmentr

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$214,456$507,750▲ $293,294
Savings and Temporary Cash Investments$21,479$21,698▲ $219
Prepaid Expenses and Deferred Charges$2,496$1,908▼ $588
Land, Buildings, and Equipment, Net$768$521▼ $247
Total Assets$240,080$532,004▲ $291,924
Other Assets Total$881$127▼ $754
Liabilities
Deferred Revenue$56,000$394,094▲ $338,094
Accounts Payable and Accrued Expenses$1,917$853▼ $1,064
Total Liabilities$57,917$394,947▲ $337,030
Net Assets / Fund Balance
Total Net Assets Fund Balance$182,163$137,057▼ $45,106
Total Liabilities and Net Assets / Fund Balance$240,080$532,004▲ $291,924

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0--
Other Land Buildings$0--
Land$0--
Equipment$521$5,141-
Leasehold Improvements$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024----$0
2023----$0
2022----$0
2021----$0
2020----$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sandy GilbertChairman & CEO
Charles ReithDirector
Dr Barbara KirkpatrickDirector
Ed ChilesDirector
Ernesto Lasso De La VegaDirector
Lonnie ReadyDirector
Sherry ColesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$51,117
Program Service Revenue
$4,440
Investment Income
$219
Other Revenue
$0
All Other Contributions
$51,031
Change in Net Assets
$-45,108

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$86,468
Salaries, Compensation, and Employee Benefits$14,416
Total Fundraising Expense$764
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$61,432$2,754$69$64,255
Other Salaries and Wages-$13,392-$13,392
Fees for Services Management$7,700$4,182-$11,882
Travel$1,609$1,508$661$3,778
Insurance-$3,180-$3,180
Payroll Taxes-$1,024-$1,024
Information Technology-$940-$940
Occupancy$755--$755
Advertising$550$97-$647
Office Expenses-$312-$312
Depreciation Depletion---$247
Conferences and Meetings-$173-$173
Fees for Services Other-$103$34$137
Fees for Services Legal-$99-$99
Interest-$63-$63
Total Functional Expenses$72,046$27,827$764$100,884

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Revenue$394,094
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Solution to Avoid Red Tide Inc
EIN
65-0688476
Phone
9413517719
Address
P O BOX 642, Tallevast, FL 34270
Doing Business As
Solution to Avoid Red Tide Inc

Signing Officer

Name
Sherry a Coles
Title
Treasurer
Phone
2036091671
Signed
2025-02-06
Discuss with paid preparer
No

Organization Details

Formed
1996
Voting Board Members
7
Independent Board Members
7
Employees
1

Preparer

Firm
Diane C Vernamonti
Address
4370 Turnberry Circle, North Port, FL 34288
Preparer
Dee Vernamonti
Phone
8137316011
Supplemental Narrative

Additional Explanations

Form 990 Part X Balance Sheet Line 19 Deferred Revenue

Received donation of 350000 from barancik foundation to be used over the next 2 fiscal years starting 9-15-24 through 9-14-26. 100000 designated to manatee county and 250000 designated for sarasota county healthy pond project. Funds are used to improve water runoff quality from community ponds. When expenses are incurred the funds are transferred from the deferred account to foundation donations to match expenditures.

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IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriCYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/TotalExcessDistributionCyovAmt00
IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYAdministrativeExpensePaidAmt00
IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt00
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributionsGrp/CYDistributionYrRt00
IRS990ScheduleA/DistributionsGrp/CYOtherDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt00
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt055557
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0208606
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0215049
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0110997
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt059947
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0650156
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0650156
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt055557
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0208606
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0215049
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0110997
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt059947
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0650156
IRS990ScheduleA/TotalSupportAmt0650156
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/EndingBalanceAmt00
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0521
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05141
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt05662
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0394094
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED REVENUE
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt00
IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0521
IRS990ScheduleD/TotalBookValueOtherAssetsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt0394094
IRS990ScheduleD/TotalRevenuePerForm990Amt00
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RECEIVED DONATION OF 350000 FROM BARANCIK FOUNDATION TO BE USED OVER THE NEXT 2 FISCAL YEARS STARTING 9-15-24 THROUGH 9-14-26. 100000 DESIGNATED TO MANATEE COUNTY AND 250000 DESIGNATED FOR SARASOTA COUNTY HEALTHY POND PROJECT. FUNDS ARE USED TO IMPROVE WATER RUNOFF QUALITY FROM COMMUNITY PONDS. WHEN EXPENSES ARE INCURRED THE FUNDS ARE TRANSFERRED FROM THE DEFERRED ACCOUNT TO FOUNDATION DONATIONS TO MATCH EXPENDITURES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 PART X BALANCE SHEET LINE 19 DEFERRED REVENUE
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0240080
IRS990/TotalAssetsEOYAmt0532004
IRS990/TotalAssetsGrp/BOYAmt0240080
IRS990/TotalAssetsGrp/EOYAmt0532004
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt051117
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0764
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027827
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt072046
IRS990/TotalFunctionalExpensesGrp/TotalAmt0100884

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.00$1.93$1.07$2.48$2.76$0.28
2024Detailed filing. Detailed filing data is available for this year.$5.32$3.95$1.37$0.56$1.01$0.45
2023Summary only. Only limited summary data is available for this year.$2.40$0.58$1.82$2.09$1.88$0.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.40$0.78$1.61$2.15$1.51$0.64
2021Summary only. Only limited summary data is available for this year.$0.97$0.00$1.11$0.55$0.56
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.00$0.41$0.53$0.30$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.00$0.19$0.45$0.58$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.01$0.33$0.65$0.49$0.16
2017Summary only. Only limited summary data is available for this year.$0.17$0.00$0.42$1.11$0.69
2016Summary only. Only limited summary data is available for this year.$0.87$0.01$0.66$1.35$0.70
2015Summary only. Only limited summary data is available for this year.$1.56$0.00$0.52$0.74$0.22
2014Summary only. Only limited summary data is available for this year.$1.80$0.02$0.85$0.45$0.40
2013Detailed filing. Detailed filing data is available for this year.$1.38$0.00$1.38$0.56$0.64$0.08
2012Summary only. Only limited summary data is available for this year.$1.46$0.00$0.92$0.65$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.00$1.19$1.11$0.81$0.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.02$0.89$0.89$1.39$0.50