Coralations Inc
- Assets
- $13.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Culebra, PR
- Founding
- 12/2002
- Data as of
- 12/2023
- EIN
- 66-0534197
Organization Overview
Coralations Inc is located in Culebra, PR. The organization was established in 2002. 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. Coralations 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, Coralations Inc generated $31.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $33.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
CHARITABLE, EDUCATIONAL AND SCIENTIFIC ACTIVITIES TO CONSERVE MARINE LIFE, ESPECIALLY CORAL REEFS FOR FUTURE GENERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Orlando Peraza President | 10 | $0 | |
Jane Becker Treasurer | 10 | $0 | |
Ricardo DE Soto Rodriguez Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,237 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $31,237 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,111 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,062 |
| Total expenses | $33,173 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,892 |
| Other assets | $0 |
| Total assets | $13,392 |
| Total liabilities | $0 |
| Net assets or fund balances | $13,392 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corporation For The Conservation Of The San Juan Bay Estuary San Juan, PR | $981,393 | $1,999,204 |
Plenitud Iniciativas Ecoeducativas Inc Las Marias, PR | $1,233,283 | $1,455,595 |
The Vieques Conservation And Historical Trust Inc Vieques, PR | $702,378 | $668,378 |
Scuba Dogs Society Inc San Juan, PR | $107,582 | $279,697 |
Mesa Multisectorial Del Bosque Modelo De Pr Inc Arecibo, PR | $17,853 | $0 |
Sail For Reefs Inc San Juan, PR | $93,859 | $0 |
Coralations Inc Culebra, PR | $13,392 | $0 |
Coral Nursery Of Puerto Rico Inc Humacao, PR | $198,061 | $196,297 |
Escambron Conservancy Inc San Juan, PR | $48,219 | $0 |
Caribbean Regenerative Community Development Sabana Grande, PR | $0 | $0 |