Coastal Resources Group Inc
- Assets
- $3.4m
- Revenue
- $157.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Sarasota, FL
- Founding
- 11/2004
- Data as of
- 12/2023
- EIN
- 54-2138903
Organization Overview
Coastal Resources Group Inc is located in Sarasota, FL. The organization was established in 2004. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2023, Coastal Resources Group Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Resources Group 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 12/2023, Coastal Resources Group Inc generated $157.2k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $183.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MISSION IS TO RESTORE NATIVE COASTAL HABITATS AND TO EDUCATE OTHERS AS TO EFFECTIVE, EFFICIENT METHODS OF HABITAT RESTORATION. CONTINUED ON SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRG/KRF CONTINUES TO WORK WITH THE U.S. ARMY CORPS OF ENGINEERS TO DEVELOP PROJECTS FUNDED BY MONIES IN TRUST TO OFFSET WETLAND IMPACTS IN THE FLORIDA KEYS. PROGRAM FUNDING RECEIVED DURING 2023 IS CURRENTLY BEING PLANNED FOR 2 ADDITIONAL PROJECTS IN THE FLORIDA KEYS FOR THE RESTORATION OF THE ENVIRONMENT. THESE PROJECTS WILL PROVIDE EDUCATIONAL OPPORTUNITIES FOR VISITING PENNEKAMP STATE PARK AND JOHNSON TRACT IN SUGARLOAF KEY.
DURING 2023 CRG COMPLETED THE FRUIT FARM CREEK MANGROVE RESTORATION PROJECT. FOR THIS PROJECT WE WORKED WITH PUBLIC ENTITIES, ROOKERY BAY NATIONAL ESTUARINE RESEARCH RESERVE, CONSERVANCY OF SOUTHWEST FL, NOAA, AND USGS TO GATHER IMPORTANT ENVIRONMENTAL INFORMATION REGARDING COASTAL RESILIENCY AGAINST CLIMATE CHANGE. THIS INFORMATION WAS SHARED AT SEVERAL PUBLIC MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Flynn Past Pres/treas/director | OfficerTrustee | 24 | $70,728 |
Curtis Kruer Vp/director | OfficerTrustee | 3 | $14,673 |
Pamela Fetterman President | Trustee | 1 | $0 |
Sarah Mack Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $156,946 |
| Investment income | $294 |
| 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 | $157,240 |
| 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. | $85,400 |
| Compensation of current officers, directors, key employees. | $9,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,533 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $601 |
| Fees for services: Accounting | $3,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,653 |
| Advertising and promotion | $0 |
| Office expenses | $614 |
| Information technology | $1,471 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $420 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,606 |
| All other expenses | $0 |
| Total functional expenses | $183,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,385 |
| Savings and temporary cash investments | $3,224,521 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,500 |
| 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 | $3,432,406 |
| Accounts payable and accrued expenses | $56 |
| Grants payable | $0 |
| Deferred revenue | $82,266 |
| 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 | $3,224,521 |
| Total liabilities | $3,306,843 |
| Net assets without donor restrictions | $125,563 |
| Net assets with donor restrictions | $0 |
| 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 | $3,432,406 |