South Walton Artificial Reef Association Inc
- Assets
- $22.9k
- Revenue
- $206.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Rosa Beach, FL
- Founding
- 06/2014
- Data as of
- 12/2015
- EIN
- 46-2802186
Organization Overview
South Walton Artificial Reef Association Inc is located in Santa Rosa Beach, FL. The organization was established in 2014. 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. South Walton Artificial Reef 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO DEPLOYING AND MONITORING PUBLICLY PERMITTED LIVING REEFS IN WALTON COUNTY'S NEAR SHORE COASTAL WATERS FOR THE BENEFIT, EDUCATION, AND ENRICHMENT OF RESIDENTS, VISITORS, AND MARINE HABITAT FOR PRESENT AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CREATE A SERIES OF NEAR-SHORE ARTIFICIAL REEF SYSTEMS ALONG WALTON COUNTY'S GULF OF MEXICO COASTLINE AND EASTERN CHOCTAWHATCHEE BAY WATERS. THESE REEFS WILL COMBINE THE CHARACTERISTICS OF THIS UNIQUE COASTAL ENVIRONMENT WITH THE COUNTY'S PRIMARY ECONOMIC ENGINE-- TOURISM. THE ORGANIZATION WAS ABLE TO SUCCESSFULLY DEPLOY 58 ARTIFICIAL REEF MODULES IN GRAYTON BEACH SNORKEL PERMIT SITE FOR BENEFIT OF MARINE LIFE, RESIDENTS AND VISITORS.
SWARA OFFERS MEMORIAL REEFS TO THE PUBLIC THAT ALLOWS FAMILIES, GROUPS, AND ORGANIZATIONS TO PERSONALIZE AND NAME A COMMEMORATORY REEF. THE REEFS ARE SCIENTIFICALLY ENGINEERED AND CONSTRUCTED WITH MATERIALS PROVEN TO NOT ONLY WITHSTAND THE STRONGEST STORMS, BUT ATTRACT SOME OF THE MOST DIVERSE MARINE SPECIES IN THE GULF. YOUR MEMORIAL REEF WILL CREATE A UNIQUE ECOSYSTEM AND PROVIDE A PERMANENT AND SUSTAINABLE ENVIRONMENT FOR ALL MARINE LIFE. A MARBLE PLAQUE CAN BE PERMANENTLY ATTACHED TO THE REEF AND THE REEF COORDINATES PUBLISHED ON THE SWARA WEBSITE AND INCORPORATED INTO LOCAL NAUTICAL CHARTS. REEFS ARE DEPLOYED INTO LOCAL GULF WATERS WITHIN SWARA PERMITTED AREAS, WHERE OUR DIVE & RESEARCH TEAM CAN REGULARLY MONITOR AND EVALUATE THE REEFS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Mcalexander President | OfficerTrustee | 10 | $0 |
Jim Richard Vice-President | OfficerTrustee | 5 | $0 |
Patrick Murphy Treasurer | OfficerTrustee | 0.25 | $0 |
Neil O'connell Secretary | OfficerTrustee | 0.25 | $0 |
Bill Horn Director | Trustee | 5 | $0 |
Don Roberts Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $150,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,867 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,867 |
| Total Program Service Revenue | $3,500 |
| 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 | -$64 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,303 |
| 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 | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,169 |
| Advertising and promotion | $5,948 |
| Office expenses | $815 |
| Information technology | $765 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,302 |
| 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 | $4,975 |
| All other expenses | $674 |
| Total functional expenses | $210,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,578 |
| 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 | $1,294 |
| 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 | $22,872 |
| 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 |
| Unrestricted restricted net Assets | $22,872 |
| 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 | $22,872 |