Civic Intelligence

Great Island Foundation Inc

EIN 92-1629368 • 501(c)3 • Old Lyme, CT

Profile

Great island foundation inc (gif) actions are primarily focused on restoring and protecting keystone species in the long island sound through projects primarily involving oysters, eelgrass, and living shorelines. One of gif's principal purposes is to educate our local community on the ecological benefits of oysters and eelgrass.

35 Smiths Neck RdOld Lyme, CT 06371

www.greatislandfoundation.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

61st percentile

7.8%

Higher net margin than 61% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

$25,322

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$25,322

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue62nd percentileNet Margin61st percentile

Revenue

$1,031

No earlier filing loaded for comparison.

Expenses

$951

No earlier filing loaded for comparison.

Net Income

$80

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$30K$20K$10K$0Assets 2024: $25,322Liabilities 2024: $0Net Assets 2024: $25,3222024

Highlighted filing

2024

Assets$25,322
Liabilities$0
Net Assets$25,322
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5K$1.0K$500$0Revenue 2024: $1,031Expenses 2024: $951Net Income 2024: $802024

Highlighted filing

2024

Revenue$1,031
Expenses$951
Net Income$80
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$25,322
Liabilities
$0
Net assets
$25,322
Revenue
$1,031
Expenses
$951
Net income
$80
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.3$0.00$25.3$1.03$0.95$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.0
Gross Receipts
$1,031
Mission and Program Overview

Mission

Great island foundation inc (gif) actions are primarily focused on restoring and protecting keystone species in the long island sound through projects primarily involving oysters, eelgrass, and living shorelines. One of gif's principal purposes is to educate our local community on the ecological benefits of oysters and eelgrass.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$16,904$17,258▲ $354
Total Assets$25,242$25,322▲ $80
Other Assets Total$8,338$8,064▼ $274
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$25,242$25,322▲ $80
Total Net Assets Fund Balance$25,242$25,322▲ $80
Total Liabilities and Net Assets / Fund Balance$25,242$25,322▲ $80

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$8,064--
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Elizabeth H KarterPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$500
Program Service Revenue
$0
Investment Income
$531
Other Revenue
$0
All Other Contributions
$500
Change in Net Assets
$80
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$951
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology-$373-$373
Fees for Services Accounting-$260-$260
Other Expenses-$231-$231
Office Expenses-$76-$76
Conferences and Meetings-$11-$11
Total Functional Expenses$0$951$0$951
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Great Island Foundation Inc
EIN
92-1629368
Phone
2033767958
Address
35 SMITHS NECK RD, OLD LYME, CT 06371

Signing Officer

Name
Elizabeth H Karter
Title
President
Phone
2033767958
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth H Karter
Legal Domicile
Ct
Voting Board Members
1
Independent Board Members
1
Employees
0

Preparer

Firm
Miller & Company Llp
Address
2831 RINGLING BLVD STE 204B, SARASOTA, FL 34237-5350
Preparer
Paul Miller CPA
Phone
9413665646
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Great island foundation inc (gif) actions are primarily focused on restoring and protecting keystone species in the long island sound through projects primarily involving oysters, eelgrass, and living shorelines. One of gif's principal purposes is to educate our local community on the ecological benefits of oysters and eelgrass.”

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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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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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