Form 990 for tax year 2025
Filed by GASPARILLA ISLAND CONSERVATION AND IMPROVEMENT ASSOCIATION INC.
Totals
- Total revenue
- $2,842,177
- Total expenses
- $1,002,277
- Contributions and grants received
- $2,333,882
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $488,295
- Other revenue
- $20,000
- Total assets, end of year
- $58,017,701
- Total liabilities, end of year
- $308,708
- Net assets or fund balances, end of year
- $57,708,993
- Program services expenses (Part IX)
- $434,117
- Management and general expenses
- $568,160
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $434,117
Program services were 43.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$2,333,882
-
3 · Investment income
total $315,260 · related or exempt $315,260
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $704,487
-
7b · Less cost or other basis and sales expenses
securities $531,452
-
7c · Gain or loss
securities $173,035
-
7d · Net gain or loss
total $173,035 · related or exempt $173,035
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: ins reimburse hurricane damage
total $20,000 · related or exempt $20,000
-
11e · Other revenue, total
$20,000
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $188,365 · management and general $188,365
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $88,417 · management and general $88,417
-
8 · Pension plan contributions
total $61,511 · management and general $61,511
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $5,641 · program services $1,060 · management and general $4,581
-
11c · Fees: accounting
total $25,699 · management and general $25,699
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $50,436 · program services $17,500 · management and general $32,936
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $37,696 · management and general $37,696
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $159,466 · program services $148,475 · management and general $10,991
-
23 · Insurance
total $53,369 · management and general $53,369
-
24a · Other expenses: MAINTENANCE & REPAIRS
total $247,254 · program services $237,803 · management and general $9,451
-
24b · Other expenses: TAXES
total $28,529 · program services $8,115 · management and general $20,414
-
24c · Other expenses: COMMUNITY PROJECTS
total $23,222 · management and general $23,222
-
24d · Other expenses: BIKE SAFTETY DETAIL
total $20,864 · program services $20,864
-
24e · All other expenses
total $11,808 · program services $300 · management and general $11,508
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $607,925 · end of year $507,260
-
2 · Savings and temporary cash investments
beginning of year $522,334 · end of year $1,065,732
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $249,600 · end of year $262,600
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $49,032 · end of year $43,748
-
10a · Land, buildings and equipment: cost or other basis
$39,958,435
-
10b · Land, buildings and equipment: accumulated depreciation
$1,499,833
-
10c · Land, buildings and equipment, net
beginning of year $37,303,759 · end of year $38,458,602
-
11 · Investments: publicly traded securities
beginning of year $15,428,765 · end of year $17,679,759
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $300,000 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $17,277 · end of year $13,555
-
25 · Other liabilities
beginning of year $270,687 · end of year $295,153
-
27 · Net assets without donor restrictions
beginning of year $7,734,068 · end of year $9,952,945
-
28 · Net assets with donor restrictions
beginning of year $46,439,383 · end of year $47,756,048
Mission and programs · 2025
Mission
MISSION STATEMENT:THE GICIA IS DEDICATED TO PRESERVING THE INTEGRITY OF THE GASPARILLA ISLAND CONSERVANCY DISTRICT ACT, ENHANCING CONSERVANCY PROPERTIES, MAINTAINING THE BIKE PATH, AND ENCOURAGING INITITIVES THAT BENEFIT OUR ISLAND COMMUNITY.SIGNIFICANT ACTIVITIES:OWN AND MAINTAIN 5 MILES OF BIKE AND WALKING PATH USED BY RESIDENTS AND VISITORS. OWN AND MAINTAIN MORE THAN 275 ACRES OF ENVIRONMENTALLY SENSITIVE PROPERTY AS A PART OF OUR LAND CONSERVANCY. WORK TO SEE THAT THE INTEGRITY OF THE GASPARILLA ISLAND CONSERVATION DISTRICT 0F 1980 IS MAINTAINED BY BOTH LEE AND CHARLOTTE COUNTIES.
-
BIKE PATH FUND-OPERATION AND MAINTENANCE OF A BICYCLE PATH AND PARK AREAS AVAILABLE FOR PUBLIC USE ON THE ISLAND
Expenses $296,486 · Revenue $1,690,782
-
LAND CONSERVANCY FUND - UPKEEP AND MAINTENANCE OF LAND DESIGNATED AS CONSERVANCY LANDS ON AND IMMEDIATELY SURROUNDING A REMOTE BARRIER ISLAND.
Expenses $137,631 · Revenue $330,383
As filed on the 2025 return.
Listed in Part VII
-
Misty NicholsMISTY NICHOLS
EXECUTIVE DIRECTOR
- Total calculated
- $188,365
- From this org
- $188,365
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,365
- Bonus
- $25,000
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $188,365
-
Bruce CarbonariBRUCE CARBONARI
President
- Total calculated
- $0
- Hours/week
- 10
-
Judd GreggJUDD GREGG
Director
- Total calculated
- $0
- Hours/week
- 5
-
Brent CrossBRENT CROSS
Director
- Total calculated
- $0
- Hours/week
- 5
-
Jon HuntJON HUNT
Treasurer
- Total calculated
- $0
- Hours/week
- 10
-
Karen KovachKAREN KOVACH
Director
- Total calculated
- $0
- Hours/week
- 5
-
Madonna WilliamsMADONNA WILLIAMS
Director
- Total calculated
- $0
- Hours/week
- 5
-
Gordon McBrideGORDON MCBRIDE
Vice President
- Total calculated
- $0
- Hours/week
- 10
-
John WesterfieldJOHN WESTERFIELD
Director
- Total calculated
- $0
- Hours/week
- 5
-
Carrie YorkCARRIE YORK
Director
- Total calculated
- $0
- Hours/week
- 5
-
Fred PierceFRED PIERCE
Secretary
- Total calculated
- $0
- Hours/week
- 10
-
Todd KriegTODD KRIEG
Director
- Total calculated
- $0
- Hours/week
- 5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 14 April 2026
- IRS schema version
- 2025v4.1
- Source object
- 202601049349300615
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