Civic Intelligence

Bonefish & Tarpon Unlimited Inc

EIN 65-0988321 • 501(c)3 • Miami, FL

Profile

To provide funds for research projects for bonefish and tarpon.

2937 SW 27th Avenue 203Miami, FL 33133

www.bbt.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

52nd percentile

0.14x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

31st percentile

0.06x

Higher debt load relative to revenue than 31% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

52nd percentile

5.3%

Higher net margin than 52% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

36th percentile

0.7%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

4.1%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,512,720

Up $17,830 (+0.7%) from 2023

Liabilities

Down

$343,994

Down $274,760 (-44%) from 2023

Net Assets

Up

$2,168,726

Up $292,590 (+16%) from 2023

Revenue

Up

$5,496,257

Up $217,125 (+4.1%) from 2023

Expenses

Up

$5,203,667

Up $121,975 (+2.4%) from 2023

Net Income

Up

$292,590

Up $95,150 (+48%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2010: $371,996Liabilities 2010: $36,389Net Assets 2010: $335,6072010Assets 2011: $728,046Liabilities 2011: $12,566Net Assets 2011: $715,4802011Assets 2012: $859,110Liabilities 2012: $70,922Net Assets 2012: $788,1882012Assets 2013: $1,222,887Liabilities 2013: $21,913Net Assets 2013: $1,200,9742013Assets 2014: $1,514,388Liabilities 2014: $14,970Net Assets 2014: $1,499,4182014Assets 2015: $1,551,015Liabilities 2015: $70,275Net Assets 2015: $1,480,7402015Assets 2016: $1,622,998Liabilities 2016: $108,413Net Assets 2016: $1,514,5852016Assets 2017: $1,748,460Liabilities 2017: $263,268Net Assets 2017: $1,485,1922017Assets 2018: $1,777,003Liabilities 2018: $139,471Net Assets 2018: $1,637,5322018Assets 2019: $1,688,335Liabilities 2019: $210,240Net Assets 2019: $1,478,0952019Assets 2020: $1,774,065Liabilities 2020: $330,820Net Assets 2020: $1,443,2452020Assets 2021: $2,159,678Liabilities 2021: $391,104Net Assets 2021: $1,768,5742021Assets 2022: $2,231,762Liabilities 2022: $553,066Net Assets 2022: $1,678,6962022Assets 2023: $2,494,890Liabilities 2023: $618,754Net Assets 2023: $1,876,1362023Assets 2024: $2,512,720Liabilities 2024: $343,994Net Assets 2024: $2,168,7262024

Highlighted filing

2024

Assets$2,512,720
Liabilities$343,994
Net Assets$2,168,726

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $506,6792010Revenue 2011: $898,881Expenses 2011: $518,817Net Income 2011: $380,0642011Revenue 2012: $904,658Expenses 2012: $831,690Net Income 2012: $72,9682012Revenue 2013: $1,240,097Expenses 2013: $826,950Net Income 2013: $413,1472013Revenue 2014: $1,695,608Expenses 2014: $1,397,168Net Income 2014: $298,4402014Revenue 2015: $1,649,694Expenses 2015: $1,668,372Net Income 2015: -$18,6782015Revenue 2016: $2,028,140Expenses 2016: $1,994,295Net Income 2016: $33,8452016Revenue 2017: $2,439,512Expenses 2017: $2,468,905Net Income 2017: -$29,3932017Revenue 2018: $2,765,107Expenses 2018: $2,612,767Net Income 2018: $152,3402018Revenue 2019: $3,299,751Expenses 2019: $3,362,961Net Income 2019: -$63,2102019Revenue 2020: $2,733,363Expenses 2020: $2,768,213Net Income 2020: -$34,8502020Revenue 2021: $3,763,572Expenses 2021: $3,438,243Net Income 2021: $325,3292021Revenue 2022: $3,835,027Expenses 2022: $3,924,905Net Income 2022: -$89,8782022Revenue 2023: $5,279,132Expenses 2023: $5,081,692Net Income 2023: $197,4402023Revenue 2024: $5,496,257Expenses 2024: $5,203,667Net Income 2024: $292,5902024

Highlighted filing

2024

Revenue$5,496,257
Expenses$5,203,667
Net Income$292,590

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.51$0.34$2.17$5.50$5.20$0.29
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.49$0.62$1.88$5.28$5.08$0.20
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.55$1.68$3.84$3.92$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.39$1.77$3.76$3.44$0.33
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.33$1.44$2.73$2.77$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.21$1.48$3.30$3.36$0.06
2018Summary only. Only limited summary data is available for this year.$1.78$0.14$1.64$2.77$2.61$0.15
2017Summary only. Only limited summary data is available for this year.$1.75$0.26$1.49$2.44$2.47$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.62$0.11$1.51$2.03$1.99$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.55$0.07$1.48$1.65$1.67$0.02
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$0.01$1.50$1.70$1.40$0.30
2013Detailed filing. Detailed filing data is available for this year.$1.22$0.02$1.20$1.24$0.83$0.41
2012Summary only. Only limited summary data is available for this year.$0.86$0.07$0.79$0.90$0.83$0.07
2011Summary only. Only limited summary data is available for this year.$0.73$0.01$0.72$0.90$0.52$0.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.04$0.34$0.51
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$6,032,279
Mission and Program Overview

Mission

To conserve and restore bonefish, tarpon and permit fisheries and habitats through research, stewardship, education and advocacy

To conserve and restore bonefish, tarpon and permit fisheries and habitats through scientific research, stewardship, education and advocacy

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$766,771$929,376▲ $162,605
Pledges and Grants Receivable$542,654$880,022▲ $337,368
Savings and Temporary Cash Investments$752,347$536,459▼ $215,888
Accounts Receivable$281,656$94,160▼ $187,496
Prepaid Expenses and Deferred Charges$21,661$22,927▲ $1,266
Land, Buildings, and Equipment, Net$20,043$12,036▼ $8,007
Total Assets$2,494,890$2,512,720▲ $17,830
Other Assets Total$109,758$37,740▼ $72,018
Liabilities
Accounts Payable and Accrued Expenses$446,622$263,605▼ $183,017
Deferred Revenue$67,397$48,702▼ $18,695
Other Liabilities$104,735$31,687▼ $73,048
Total Liabilities$618,754$343,994▼ $274,760
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,524,242$1,808,542▲ $284,300
Net Assets With Donor Restrictions$351,894$360,184▲ $8,290
Total Net Assets Fund Balance$1,876,136$2,168,726▲ $292,590
Total Liabilities and Net Assets / Fund Balance$2,494,890$2,512,720▲ $17,830

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,036$126,486$138,522

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$752,347-▲ $34,112$250,000$536,459
2023$910,667-▲ $41,680$200,000$752,347
2022$896,746-▲ $13,921-$910,667
2021$896,654-▲ $92-$896,746
2020$892,064-▲ $4,590-$896,654
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jim McduffiePresidentFT$326,270$18,000$344,270

Board Members and Trustees

NameTitle
Carl NavarreChairman
Tom DavidsonChairman Emeritus
Harold BrewerPast Chairman
Evan CarruthersVice Chair
Bill HornVice Chair Emeritus
Russ FisherVice Chairman Emeritus
Adelaide SkoglundDirector
Adolphus a Busch IvDirector
Ali Gentry FlotaDirector
Ambrose MonellDirector
Clarke OhrstromDirector
Doug KilpatrickDirector
Jeff HarkavyDirector
Jennifer RehageDirector
Jerry KlauerDirector
John AbplanalpDirector
Kris RockwellDirector
Mike LarkinDirector
Noah ValensteinDirector
Rich AndrewsDirector
Rick RuoffDirector
Rodney BarretoDirector
Sandy MoretDirector
Stu ApteDirector
TIM O'BRIENDirector
Thorpe MckenzieDirector
Tom FrazerDirector
Vaughn RobertsDirector
John JohnsSecretary
John DavidsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,153,446
Program Service Revenue
$0
Investment Income
$362,015
Other Revenue
$-19,204
All Other Contributions
$4,155,708
Change in Net Assets
$292,590

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded14$327,903Fair Value
Total Noncash Contributions14$327,903-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,496,257
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$503,919
Total Revenue per Audited Statements
$6,000,176
Total Revenue per Form 990
$5,496,257
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,165,462
Salaries, Compensation, and Employee Benefits$1,079,448
Grants and Similar Amounts Paid$958,757
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$840,757--$840,757
Other Salaries and Wages$573,573$73,284-$646,857
Current Officers, Directors, Trustees, and Key Employees$301,499$42,771-$344,270
Fees for Services Management$124,968$124,967-$249,935
Other Expenses$147,122$836,142-$147,122
Foreign Grants$118,000--$118,000
Travel$59,257$57,294-$116,551
Insurance$8,136$103,321-$111,457
Occupancy$61,272$30,178-$91,450
Payroll Taxes$59,068$29,253-$88,321
Office Expenses$255$69,261-$69,516
Conferences and Meetings-$25,374-$25,374
Fees for Services Accounting$12,000$12,000-$24,000
Depreciation Depletion$8,007--$8,007
Advertising$4,814--$4,814
Fees for Services Legal$1,280$1,280-$2,560
Total Functional Expenses$3,798,542$1,405,125$0$5,203,667

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,707,586
Expenses per Audited Statements$5,203,667
Total Expenses per Form 990$5,203,667
Expenses Not Reported on Form 990$503,919
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Florida Atlantic UniversityBoca Raton, FL3Research and Education Bonefish, Tarpon, and Permit$280,207
University of Massachuetts AmherstAmherst, MA3Research and Education Bonefish, Tarpon, and Permit$268,847
Florida International UniversityMiami, FL3Research and Education Bonefish, Tarpon, and Permit$137,304
University of South AlabamaMobile, AL3Research and Education Bonefish, Tarpon, and Permit$44,913
University of MiamiCoral Gables, FL3Research and Education Bonefish, Tarpon, and Permit$36,791
Tampa Bay WaterkeeperSt Petersburg, FL3Research and Education Bonefish, Tarpon, and Permit$22,943
Fish and Wildlife Foundation of FloridaTallahassee, FL3Research and Education Bonefish, Tarpon, and Permit$15,000
Friends of the EnvironmentDelray Beach, FL3Research and Education Bonefish, Tarpon, and Permit$13,700
Florida Gulf Coast UniversityFort Myers, FL3Research and Education Bonefish, Tarpon, and Permit$9,542
Everglades CoalitionStuart, FL3Research and Education Bonefish, Tarpon, and Permit$6,000
University of ArizonaTuscon, AZ3Research and Education Bonefish, Tarpon, and Permit$5,510

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$499,862
Fundraising Gross Income$499,862
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Events$1,358,971$499,862-$499,862
Total Events$1,358,971$499,862-$499,862
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$31,687
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Organization's process to review form 990 - form is reviewed by executive committee before signing and mailing

Form 990, Part VI, Section B, Line 12C

Enforcement of conflicts policy - the organization requires directors to sign a written conflict of interest statement every year.

Form 990, Part VI, Section B, Line 15

Board of directors are unpaid volunteers. Compensation of officers is determined by the board of directors.

Form 990, Part VI, Section C, Line 19

Governing documents disclosure explanation - incorporation documents are available online at the state of florida website. Other documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Bonefish & Tarpon Trust Inc
EIN
65-0988321
Phone
7866189479
Address
2937 SW 27TH AVENUE 203, MIAMI, FL 33133

Signing Officer

Name
Jim Mcduffie
Title
President
Phone
7866189479
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Mcduffie
Formed
1999
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
10
Employees
17
Volunteers
0

Preparer

Firm
Nichols Cauley & Associates LLC
Address
1300 BELLEVUE AVENUE, DUBLIN, GA 31021-4152
Preparer
Christopher Mcguire
Phone
4782751163
Supplemental Narrative

Additional Explanations

Part XIII, Line 2C

There have been no significant changes to this process.

Financial Statement Notes

PART V, LINE 4:

The endowment fund's purpose is to generate portfolio income to be used for operating expenditures.

PART X, LINE 2:

The notes to the financial statements include a disclosure that states the organization has evaluated its tax positions and concluded that the organization has taken no uncertain tax positions that require adjustment to the financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

The following expenses are shown net in the audited financial statements: fundraising 499,862. Cost of goods sold 4,057.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

The following expenses are shown net in the audited financial statements: fundraising 499,862. Cost of goods sold 4,057.

Raw XML AppendixShowing 400 of 814 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
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