Reef Relief Inc
- Assets
- $376.3k
- Revenue
- $400.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Key West, FL
- Founding
- 08/1988
- Data as of
- 06/2022
- EIN
- 59-2696402
Organization Overview
Reef Relief Inc is located in Key West, FL. The organization was established in 1988. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 06/2022, Reef Relief Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reef Relief 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 06/2022, Reef Relief Inc generated $400.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $256.1k during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
REEF RELIEF IS A NONPROFIT MEMBERSHIP ORGANIZATION DEDICATED TO IMPROVING AND PROTECTING OUR CORAL REEF ECOSYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORAL REEF CONSERVATION - RESEARCH, DOCUMENTATION, AND TREATMENT OF QUALITY OCEAN WATERS, INCLUDING PUBLIC EDUCATION REGARDING REEF AND OCEAN WATER ISSUES.
CORAL REEF CONSERVATION - RESEARCH, DOCUMENTATION, AND TREATMENT OF QUALITY OCEASN WATERS, INCLUDING PUBLIC EDUCATION REGARDING REEF AND OCEAN WATER ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Millard Mccleary IV Executive Di | OfficerTrustee | 0.5 | $71,726 |
Bob Cardenas Director | OfficerTrustee | 0.5 | $0 |
Carly Shabo Vice Preside | OfficerTrustee | 0.5 | $0 |
Tricia Coyne President | Trustee | 0.5 | $0 |
Jeff Graves Board Member | Trustee | 0.5 | $0 |
Maggie Howes Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $97,347 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $243,949 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $341,296 |
| Total Program Service Revenue | $60,211 |
| 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 | -$1,462 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $400,045 |
| 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. | $71,726 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,270 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,655 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,182 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $435 |
| Office expenses | $9,441 |
| Information technology | $10,829 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,111 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,454 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $978 |
| Insurance | $628 |
| All other expenses | $15,039 |
| Total functional expenses | $256,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,996 |
| 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 | $4,383 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,894 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $376,273 |
| 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 | $0 |
| 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 | $376,273 |
| Total liabilities and net assets/fund balances | $376,273 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Reef Relief Inc has recieved totaling $96,720.
| Awarding Organization | Amount |
|---|---|
Hunter-Ward Foundation Woodland Hills, CA PURPOSE: INCREASES AWARENESS OF THE VALUE AND IMPORTANCE OF LIVING CORAL REEF SYSTEMS. | $20,000 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: ENVIRONMENT | $20,000 |
Dogwood Foundation Poolville, TX PURPOSE: CONTRIBUTION | $20,000 |
Felburn Foundation Silver Spring, MD PURPOSE: CHARITABLE - CORAL REEF CONSERVATION PROGRAM | $10,000 |
The Sexton Family Foundation Vero Beach, FL PURPOSE: CHARITABLE CONTRIBUTION - IMPROVE AND PROTECT CORAL REEF ECOSYSTEM. | $6,000 |
Brooks And Joan Fortune Family Foundation Inc Naples, FL PURPOSE: CORAL REEF CONSERVATION PROGRAM | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Barn Group Land Trust Inc Brooks, GA | $16,806,852 | $12,541,051 |
Freshwater Land Trust Birmingham, AL | $42,766,765 | $3,412,437 |
Chattahoochee Riverkeeper Inc Atlanta, GA | $5,712,357 | $2,159,639 |
Ocean Research & Conservation Association Inc Vero Beach, FL | $1,520,786 | $2,174,367 |
Captains For Clean Water Inc Fort Myers, FL | $1,974,237 | $1,999,090 |
Biscayne Bay Waterkeeper Inc Coral Gables, FL | $1,387,272 | $1,361,221 |
Georgia River Network Inc Athens, GA | $860,898 | $1,211,941 |
Jacksonville Maritime Association Inc Jacksonville, FL | $1,150,787 | $914,267 |
Wildlands Conservation Inc Tampa, FL | $969,929 | $1,039,478 |
Georgia Water And Wastewater Institute Inc Marietta, GA | $2,007,375 | $1,312,703 |
Apalachicola Bay And River Keeper Inc Apalachicola, FL | $464,849 | $795,919 |
Savannah Riverkeeper Incorporated Augusta, GA | $308,608 | $391,873 |