Coral Reef Foundation
- Assets
- $89.6k
- Revenue
- $20.7m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1978
- Data as of
- 12/2022
- EIN
- 74-1969035
Organization Overview
Coral Reef Foundation is located in New York, NY. The organization was established in 1978. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coral Reef Foundation 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, Coral Reef Foundation generated $20.7m in total revenue. All expenses for the organization totaled $20.8m during the year ending 12/2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rudolph J Netek Jr Dec'd 11719 Director | 8 | $0 | |
Beverly F Chase President, Treasurer, Secretar | 4 | $0 | |
Paula A Ryan Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,700,000 |
| Interest on Savings | $10 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,700,010 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $490 |
| Total operating and administrative expenses | $16,980 |
| Contributions, gifts, grants paid | $20,800,000 |
| Total expenses and disbursements | $20,816,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,194 |
| Savings and temporary cash investments | $7,421 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $89,615 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Coral Reef Foundation has awarded $20,800,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE METROPOLITAN MUSEUM OF ART PURPOSE: GENERAL SUPPORT | $10,000 |
THE METROPOLITAN MUSEUM OF ART PURPOSE: TO BE ADDED TO A PREVIOUSLY ESTABLISHED ENDOWMENT FUND AT THE METROPOLITAN MUSEUM OF ART | $20,790,000 |