Ocean Reef Conservation Association Inc
- Assets
- $1.7m
- Revenue
- $400.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Key Largo, FL
- Founding
- 06/2009
- Data as of
- 12/2022
- EIN
- 26-4692639
Organization Overview
Ocean Reef Conservation Association Inc is located in Key Largo, FL. The organization was established in 2009. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, 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. Ocean Reef Conservation Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Ocean Reef Conservation Association Inc generated $400.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $436.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Ocean Reef Conservation Association Inc has awarded 51 individual grants totaling $1,366,255. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT AND PRESERVE THE ENVIRONMENT, FISH, WILDLIFE AND MARINE RELATED AREAS INCLUDING WATER QUALITY AND HABITAT. TO PROTECT NEARBY AND OFFSHORE CORAL REEFS AND FISHERY HABITATS BY REPAIRING, RE-GROWTH AND REGENERATION, IN ORDER TO HAVE A SUSTAINABLE FISHERY. TO PROVIDE SCHOLARSHIPS TO GRADUATING HIGH-SCHOOL SENIORS IN THE KEYS THAT PLAN TO PURSUE A MAJOR IN THE AREAS OF ENVIRONMENTAL AND MARINE STUDIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROTECT NEARBY AND OFFSHORE CORAL REEFS AND FISHERY HABITATS BY REPAIRING, RE-GROWTH AND REGENERATION, IN ORDER TO HAVE A SUSTAINABLE FISHERY.
TO PROVIDE SCHOLARSHIPS TO GRADUATING HIGH-SCHOOL SENIORS IN THE KEYS THAT PLAN TO PURSUE A MAJOR IN THE AREAS OF ENVIRONMENTAL AND MARINE STUDIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Salisbury Chairman | OfficerTrustee | 0 | $0 |
Robert Ecuyer Secretary | OfficerTrustee | 0 | $0 |
Calvin Philips Treasurer | OfficerTrustee | 0 | $0 |
Kenneth Reda Scholarships | OfficerTrustee | 0 | $0 |
Paul Di Maura Scholarships | Trustee | 0 | $0 |
Tom Davidson Sr Member | Trustee | 0 | $0 |
Financial Statements
| 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 | $399,883 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $399,883 |
| Total Program Service Revenue | $0 |
| Investment income | $424 |
| 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 | $400,307 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $355,898 |
| Grants and other assistance to domestic individuals. | $38,000 |
| 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 | $4,000 |
| Advertising and promotion | $0 |
| Office expenses | $2,694 |
| 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 | $2,328 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $436,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,356 |
| 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 | $1,500,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,715,356 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $215,356 |
| Net assets with donor restrictions | $1,500,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,715,356 |
Grants Awarded
Over the last fiscal year, Ocean Reef Conservation Association Inc has awarded $353,398 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AUDUBON FLORIDA | | | $20,000 |
FISH & WILDLIFE FOUNDATION OF | | | $10,000 |
BONEFISH & TARPON TRUST INC | | | $125,000 |
CORAL RESTORATION FOUNDATION | | | $28,050 |
FLORIDA KEYS NATIONAL MARINE | | | $20,000 |
FLORIDA KEYS HISTORY & DISCOV | | | $6,000 |