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TURKS AND CAICOS REEF FUND INC: Form 990EZ, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
TURKS AND CAICOS REEF FUND INC (EIN 47-1190348)
Tax period
2018-08-01 to 2019-07-31
Filed
2019-12-04
IRS object ID
201943389349200609
Schema version
2018v3.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-12-04T09:41:16-08:00ReturnTs
Tax Period End2019-07-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN030360150PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Montgomery & Granai PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1110 Main StreetAddressLine1Txt
CityBurlingtonCityNm
State AbbreviationVTStateAbbreviationCd
ZIP054018451ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2018-08-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN471190348EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Turks & Caicos Reef Fund IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTURKBusinessNameControlTxt
Phone6493478455PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 Lake StreetAddressLine1Txt
CityBurlingtonCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05401ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDon StarkPersonNm
Person TitleChairmanPersonTitleTxt
Signature2019-12-04SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonColleen L Montgomery CPAPreparerPersonNm
PTINP00038392PTIN
Phone8028646565PhoneNum
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-04-17 16:48:07ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Website Addresswww.tcreef.orgWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$100,293GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$83,361ContributionsGiftsGrantsEtcAmt
Program Service Revenue$26ProgramServiceRevenueAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Fundraising Gross Income$3,615FundraisingGrossIncomeAmt
Special Events Direct Expenses$3,190SpecialEventsDirectExpensesAmt
Special Events Net Income Loss$425SpecialEventsNetIncomeLossAmt
Gross Sales Of Inventory$13,291GrossSalesOfInventoryAmt
Cost Of Goods Sold$3,824CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$9,467GrossProfitLossSlsOfInvntryAmt
Total Revenue$93,279TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$13,491FeesAndOtherPymtToIndCntrctAmt
Printing Publications Postage$121PrintingPublicationsPostageAmt
Other Expenses Total$105,074OtherExpensesTotalAmt
Total Expenses$118,686TotalExpensesAmt
Excess Or Deficit For Year-$25,407ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$145,614NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$120,207NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$112,940BOYAmt
EOY$75,781EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$40,598BOYAmt
EOY$54,303EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$153,538BOYAmt
EOY$130,084EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$7,924BOYAmt
EOY$9,877EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$145,614BOYAmt
EOY$120,207EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeTo Preserve and protect the Turks & Caicos environment.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (4 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmt
East Caicos Reef Survey completed a survey of all the reef systems off the uninhabited island of East Caicos funded by a grant from the EUs BEST 2.0 funding program$27,210
Mooring - continued to install and maintain dive and snorkel boat moorings under a memorandum of understanding with the TCI Government.$10,480
South Bank Archeological Dig completed the archeological survey at the site of a new residential development site.$23,500
The balance of programs focused on education and scholarships, coral nursery, bird census and a new project--cora reef monitoring for stony coral tissue loss disease.$28,304
FieldValueIRS element (for citing)
Total Program Service Expenses$89,494TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (3 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Don Stark
Chairman40.00$0
Sandra Silver
Treasurer20.00$0
Molly Bucci
Secretary1.00$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously RptYes (true)ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Organization Filed990 TfalseOrganizationFiled990TInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Initiation Fees And Cap Contri$0InitiationFeesAndCapContriAmt
Gross Receipts For Public Use$0GrossReceiptsForPublicUseAmt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonSandra SilverPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 Lake Street Apt 11AddressLine1Txt
CityBurlingtonCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05401ZIPCd
FieldValueIRS element (for citing)
Phone6176973548PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Form720 FiledfalseForm720FiledInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Related Org Sect527 OrgfalseRelatedOrgSect527OrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$94,445CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$370,969CurrentTaxYearMinus1YearAmt
Current Tax Year$86,975CurrentTaxYearAmt
Total$552,389TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$94,445CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$370,969CurrentTaxYearMinus1YearAmt
Current Tax Year$86,975CurrentTaxYearAmt
Total$552,389TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$83,832SubstantialContributorsTotAmt
Public Support Total170$468,557PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$552,389TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind
Public Support CY1700.00000PublicSupportCY170Pct

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (28 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Other Expenses.1001Advertising and Promotion $5013
Other Expenses.1002Office Expenses $1946
Other Expenses.1003Information Technology $30
Other Expenses.1005Travel $2521
Other Expenses.1007Conferences, Conventions, and Meetings $4878
Other Expenses.1009Depreciation $4631
Other Expenses.1East Caicos Best 2.0 Grant $27210
Other Expenses.2S. Bank Archeological Dig $23500
Other Expenses.3General Moorings $10244
Other Expenses.4Swim Zone Markers $8050
Other Expenses.5Scholarship Program $4792
Other Expenses.6Piping Plover Census $3108
Other Expenses.7RESCQ Best 2.0 $2654
Other Expenses.8SCTLD $2093
Other Expenses.9Small Tools $1093
Other Expenses.10Donations $1051
Other Expenses.11Coral Monitoring $929
Other Expenses.12Bank Fees $891
Other Expenses.13PANP Reef Monitoring $317
Other Expenses.14Mooring Equipment $236
Other Expenses.17Rounding $1
Other Expenses.18Less: PP fees/ go fund me $-114
Other Assets.1003Machinery and Equipment - Beginning $35640 Machinery and Equipment - Ending $34519
Other Assets.1005Accounts Receivable - Beginning $0 Accounts Receivable - Ending $13000
Other Assets.1010Inventories - Beginning $4958 Inventories - Ending $6784
Total Liabilities.1001Accounts Payable and Accrued Expenses - Beginning $5518 Accounts Payable and Accrued Expenses - Ending $9877
Total Liabilities.1- Beginning $0 - Ending $0
Activities Not Previously Reported to the IRSStony coral tissue loss disease is a new coral disease detected in the TCI in early 2019. It is a highly lethal and rapidly spreading disease that affects 20+ species of slow growing reef building corals. We initiated a program to raise funds to support monitoring of disease spread and for treatment of affected corals.

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