Onslow Bay Artificial Reef Association is located in Wrightsville Beach, NC. The organization was established in 2010. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Onslow Bay Artificial Reef Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
2014 SIGNIFICANT ACTIVITY: FUNDED LARGELY BY A GRANT FROM THE NORTH CAROLINA DIVISION OF MARINE FISHERIES, ONSLOW BAY ARTIFICIAL REEF ASSOCIATION, INC. (OBARA) UNDERTOOK PROJECT MANAGEMENT OF THE ENHANCEMENT OF THREE ARTIFICIAL REEFS - AR364, AR370, AND AR 378 IN ONSLOW BAY, NORTH CAROLINA. IN ADDITION,FUNDED BY A GRANT FROM A PRIVATE FOUNDATION, OBARA COMMENCED PLANS FOR ENHANCING A FOURTH ARTIFICIAL REEF AR372.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE HUNDRED PERCENT (100%)COMPLETE IN TWO YEAR PROJECT TO COMPLETE RENOVATION OF THREE DESIGNATED ARTIFICIAL REEFS AND NEWLY DESIGNATED MEMORIAL REEF
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tim Barefoot Director | Trustee | 2 | $0 |
Rita Merritt Executive Dir. | Trustee | 2 | $0 |
Dennis Barbour Director | Trustee | 2 | $0 |
Michael Brown Director | Trustee | 2 | $0 |
Jay Salevan Director | Trustee | 2 | $0 |
Lee Parsons Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $330,265 |
Noncash contributions included in lines 1a–1f | $3,288 |
Total Revenue from Contributions, Gifts, Grants & Similar | $330,265 |
Total Program Service Revenue | $5,110 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $335,375 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $7,427 |
Office expenses | $791 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $850 |
All other expenses | $0 |
Total functional expenses | $402,354 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $29,212 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $29,212 |
Accounts payable and accrued expenses | $10,591 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $10,591 |
Unrestricted restricted net Assets | $18,621 |
Temporarily restricted net Assets | $0 |
Permanently restricted net Assets or current funds | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total net assets or fund balances | $18,621 |
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