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Bonefish & Tarpon Trust Inc at a glanceMostly funded, not a grantmaker: see who funds it →

· Public charity

Bonefish & Tarpon Trust Inc

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

$1.3M
Granted FY2025still arriving
9
Grants FY2025still arriving
3
States reached
$280k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2019 to 2025.

Science & Tech$2.7MEducation$1.5MEnvironment$163kArts & Culture$30kAnimals$28kPhilanthropy$5k
02FY2025 · 9 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 9 grants below total $1,197,256, the rows itemized in this filing. The $1,301,336 headline is the total grant expense on the return; the other $104,080 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.

By grant size · FY2025

  • Under $10k1 grant · $6k
  • $10k–50k2 grants · $32k
  • $50k–250k4 grants · $603k
  • $250k+2 grants · $557k
$140,350
Median grant
3
States reached
$2.0M
Total assets
Largest grants
RecipientAmount
UNIVERSITY OF SOUTH ALABAMA$280,350
FLORIDA INTERNATIONAL UNIVERSITY$276,752
UNIVERSITY OF MASSACHUETTS AMHERST$203,037
FLORIDA GULF COAST UNIVERSITY$194,193
FLORIDA STATE UNIVERSITY$140,350
OYSTER RIVER ECOLOGY$65,000
UNIVERSITY OF MIAMI$18,395
FLORIDA ATLANTIC UNIVERSITY$13,679
EVERGLADES COALITION$5,500
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Dollar for dollar, its grants (FY19–25) land where the poverty rate runs at 13%, against an area that typically sits at 12%. 48% of its dollars go to grantees based in above-average-need neighborhoods. Its grants spread fairly evenly across need levels.

area typical 12%UNIVERSITY OF ARIZONA: $6k → 15%UNIVERSITY OF MASSACHUETTS AMHERST: $269k → 12%TEXAS A&M UNIVERSITY AT GALVESTON: $21k → 14%TEXAS A&M UNIVERSITY: $31k → 22%UNIVERSITY OF SOUTH CAROLINA: $16k → 16%OYSTER RIVER ECOLOGY: $65k → 10%FLORIDA GULF COAST UNIVERSITY: $194k → 11%FRIENDS OF THE ENVIRONMENT: $14k → 11%ECKERD COLLEGE: $20k → 12%FLORIDA KEYS HISTORY CENTER: $30k → 13%UNIVERSITY OF MIAMI: $37k → 15%FLORIDA STATE UNIVERSITY: $140k → 19%UNIVERSITY OF SOUTH ALABAMA: $280k → 19%WINSTON-SALEM FOUNDATION: $5k → 15%LOUISIANA STATE UNIVERSITY: $8k → 19%UNIVERSITY OF MASSACHUETTS AMHERST: $243k → 12%TEXAS A&M UNIVERSITY: $31k → 22%FLORIDA GULF COAST UNIVERSITY: $10k → 11%FLORIDA ATLANTIC UNIVERSITY: $647k → 11%ECKERD COLLEGE: $20k → 12%UNIVERSITY OF MIAMI: $18k → 15%UNIVERSITY OF SOUTH ALABAMA: $45k → 19%LOUISIANA STATE UNIVERSITY: $8k → 19%UNIVERSITY OF MASSACHUETTS AMHERST: $203k → 12%FLORIDA ATLANTIC UNIVERSITY: $280k → 11%TAMPA BAY WATERKEEPER: $23k → 12%UNIVERSITY OF MASSACHUETTS AMHERST: $69k → 12%FLORIDA ATLANTIC UNIVERSITY: $131k → 11%FISH AND WILDLIFE CONSERVATION COMMISSION: $13k → 12%UNIVERSITY OF MASSACHUETTS AMHERST: $12k → 12%FLORIDA ATLANTIC UNIVERSITY: $111k → 11%FLORIDA ATLANTIC UNIVERSITY: $104k → 11%FLORIDA ATLANTIC UNIVERSITY: $83k → 11%FLORIDA ATLANTIC UNIVERSITY: $14k → 11%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

WI
MA
AZ
NC
SC
LA
AL
TX
FL
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

93%of every dollar goes to organizations it has funded before.
$4.2M · 14 repeat orgs$314k to everyone else

Grantees it renews have grown median revenue +43% since the first grant, against 0% for those funded once.

14 repeat relationships: 7 still active in FY2025, 7 since wound down; 2 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

14
6

Total granted

$4.2M
$108k

Median revenue growth · since first grant

+43%
0%

Still filing today

50%
50%

New vs renewed · share of each year

In FY2025, 83% of grant dollars renewed an existing relationship; $205k went to new ones.

50%100%’19’20’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’19’20’21’22’23’24’25
EnvironmentEducationArts & CultureAnimalsOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • UNIVERSITY OF MASSACHUSETTS AMHERST FOUNDATION INC
    5× · 2019–2025 · $795k · revenue +653%
  • FI
    FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC
    5× · 2019–2024 · $621k · revenue +43%
  • UO
    University of Miami
    2× · 2024–2025 · $55k · revenue +9%

Funded once

  • FK
    FLORIDA KEYS HISTORY AND DISCOVERY FOUNDATION INC
    one grant, 2019 · $30k · revenue -48%
  • TB
    TAMPA BAY WATERKEEPER INCgraduated
    one grant, 2024 · $23k · revenue +35%
  • TA
    TEXAS A&M UNIVERSITY AT GALVESTON
    one grant, 2022 · $21k
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
The Everglades Foundation Inc

The mission of the foundation is to restore and protect america's everglades through its three programmatic pillars: science, advocacy and education. (continued on schedule o)

Environment
2
Symbioseas

Marine research

Science & Tech
3
University of Miami
—
4
The Florida Aquarium Inc

The florida aquarium's mission focuses on our shared purpose of a commitment to save marine wildlife, with a vision to be florida's leading conservation-based aquarium. (continued on schedule o)

Animals
5
The Coral Reef and Marine Science Foundation Inc C/O James Bildner
—
6
Phillip and Patricia Frost Museum of Science Inc

Frost science inspires and connects people of all ages and backgrounds to enjoy science and technology, and to better understand ourselves and our world.

Arts & Culture
7
Florida Conservation Group Inc

Mission is to seek protection of land and water resources through restoration and conservation; and conducting education and outreach on the ecological and economic importance of natural lands. we protect land from development and protect…

Environment
8
Fairchild Tropical Botanic Garden Inc

We harness the power of plants for humankind and share the joy and beauty of tropical gardening with everyone. fairchild tropical botanic garden is a museum of tropical plants within a world famous, 83-acre designed landscape. it was…

Environment
9
Reef Environmental Education Foundation

Reef environmental education foundation (reef) was established as a nonprofit organization in 1990. reef conserves marine environments worldwide. our mission is to protect biodiversity and ocean life by actively engaging and inspiring the…

Recreation & Sports
10
Mote Marine Laboratory Inc

The advancement of marine and environmental sciences through scientific research, education and public outreach, leading new discoveries, revitalization and sustainability of our oceans and greater public understanding of our marine…

—
11
Florida Research Center for Agricultural Sustainability Inc
Philanthropy
12
Ocean First Institute

The mission of Ocean First Institute is ocean conservation through research and education. We work to deepen the natural connection between people and the ocean. We educate and empower people to understand the ocean is our life support…

Education
How this is measured
The grantee most central to the portfolio’s shape is Florida International University Foundation Inc; the most unlike its peers is University of Miami. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

12 grantees tracked through their own filings, 2017–2026.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2026, not grant rows in a single year, so this will not match the grant count on the cover. 12 of the 23 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
1
Early backer (in before they grew)
12/12
Grantees still filing
9/12
Grew since first funded

Where the money sits, by cause and then by grantee

FLORIDA ATLANTIC UNIVERSITY: $1,369,955 · OtherFLORIDA ATLANTIC UNIVERSITYUNIVERSITY OF SOUTH ALABAMA: $325,263 · OtherUNIVERSITY OF SOUTH ALABAMAFLORIDA INTERNATIONAL UNIVERSITY: $319,767 · OtherFLORIDA INTERNATIONAL UNIVERSITYUniversity of Wisconsin Madison: $256,110 · OtherUniversity of Wisconsin MadisonFLORIDA GULF COAST UNIVERSITY: $203,735 · OtherFLORIDA GULF COAST UNIVERSITYFLORIDA STATE UNIVERSITY: $140,350 · Other+5 more: $118,250 · OtherUNIVERSITY OF MASSACHUSETTS AMHERST FOUNDATION INC: $795,452 · EducationUNIVERSITY OF MASSACHUSETTS AMHERST FO…FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC: $620,876 · EducationFLORIDA INTERNATIONAL UNIVERSITY FOUND…University of Miami: $55,186 · Education+1 more: $39,266 · EducationOYSTER RIVER ECOLOGY INC: $65,000 · EnvironmentBISCAYNE BAY WATERKEEPER INC: $44,000 · EnvironmentTAMPA BAY WATERKEEPER INC: $22,943 · EnvironmentTHE EVERGLADES COALITION: $17,500 · EnvironmentFRIENDS OF THE ENVIRONMENT INC: $13,700 · EnvironmentFLORIDA KEYS HISTORY AND DISCOVERY FOUNDATION INC: $30,000 · Arts & CultureFISH & WILDLIFE FOUNDATION OF FLORIDA I: $28,000 · AnimalsThe Winston-Salem Foundation: $5,000 · Philanthropy
Other$2,733,430Education$1,510,780Environment$163,143Arts & Culture$30,000Animals$28,000Philanthropy$5,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetUNIVERSITY OF MASSACHUSETTS AMHERST FOUNDATION INC: $795,452 over 5y, 4.8% of budgetFLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC: $620,876 over 5y, 0.6% of budgetOYSTER RIVER ECOLOGY INC: $65,000 over 1y, 15% of budgetUniversity of Miami: $55,186 over 2y, 0.0% of budgetBISCAYNE BAY WATERKEEPER INC: $44,000 over 2y, 1.7% of budgetEckerd College: $39,266 over 2y, 0.0% of budgetFLORIDA KEYS HISTORY AND DISCOVERY FOUNDATION INC: $30,000 over 1y, 5.0% of budgetFISH & WILDLIFE FOUNDATION OF FLORIDA I: $28,000 over 2y, 0.1% of budgetTAMPA BAY WATERKEEPER INC: $22,943 over 1y, 14% of budgetTHE EVERGLADES COALITION: $17,500 over 3y, 3.9% of budgetFRIENDS OF THE ENVIRONMENT INC: $13,700 over 1y, 1.5% of budgetThe Winston-Salem Foundation: $5,000 over 1y, 0.0% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds UNIVERSITY OF MASSACHUSETTS AMHERST FOUNDATION INC ↗
  • Who funds FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC ↗
  • Who funds OYSTER RIVER ECOLOGY INC ↗
  • Who funds University of Miami ↗
  • Who funds BISCAYNE BAY WATERKEEPER INC ↗
  • Who funds Eckerd College ↗
  • Who funds FLORIDA KEYS HISTORY AND DISCOVERY FOUNDATION INC ↗
  • Who funds FISH & WILDLIFE FOUNDATION OF FLORIDA I ↗
  • Who funds TAMPA BAY WATERKEEPER INC ↗
  • Who funds THE EVERGLADES COALITION ↗
  • Who funds FRIENDS OF THE ENVIRONMENT INC ↗
  • Who funds The Winston-Salem Foundation ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Morgan Stanley Global…Donor Advised Charita…Fidelity Investments …Amazonsmile Foundation
Morgan Stanley Global Impact Funding Trust IncIN9.1× affinity5 shared granteesties to 3 of 3Hover any node to trace its alignments.Compare side by side →

Open a dossier: Morgan Stanley Global Impact Funding Trust Inc · Donor Advised Charitable Giving Inc · Fidelity Investments Charitable Gift Fund · Amazonsmile Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Bonefish & Tarpon Trust Inc funds: left to right is the share of its income from government, bottom to top the share from Bonefish & Tarpon Trust Inc. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 30%1%5%11%20%funder's share of their income ↑0%6%13%19%25%share of the org’s income from government →median 1%
  • Biscayne Bay Waterkeeper Inc: 19% of income from government
  • Oyster River Ecology Inc: 7% of income from government
  • University of Miami: 5% of income from government
  • Fish & Wildlife Foundation of Florida I: 1% of income from government
  • The Everglades Coalition: 1% of income from government
  • Eckerd College: 0% of income from government
  • Tampa Bay Waterkeeper Inc: 0% of income from government
no gov moneyreceives it· size = income
3get no government money at all
1report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
⤢ axis zoomed · 0–25%
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 23 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on Bonefish & Tarpon’s filings →

More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home