Homosassa River Restoration Project Inc
- Assets
- $322.7k
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Homosassa, FL
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-5074899
Organization Overview
Homosassa River Restoration Project Inc is located in Homosassa, FL. The organization was established in 2017. 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. Homosassa River Restoration Project 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 12/2022, Homosassa River Restoration Project Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 72.7% each year . All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 72.2% per year over the past 3 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
THE ORGANIZATION IS CONCERNED FOR THE HOMOSASSA RIVER, THE CREATURES WHO LIVE THERE AND ITS ONGOING SUSTAINABILITY. THE ORGANIZATION WILL WORK TO GET THE HOMOSASSA RIVER BACK TO A VIBRANT, DIVERSE ECOSYSTEM. ALONG WITH THE RIVER RESTORATION PROCESS, THE ORGANZATION WILL WORK ON THE APPICLATION AND INSTRUCTION OF EXISTING AND FUTURE TECHNOLOGIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOVEMBER 15, 2023 MARKED THE END OF THE SECOND FULL SEASON OF RESTORATION WORK ON THE HOMOSASSA RIVER. PHASE 1 OF THE PROJECT IS NOW COMPLETE. FOLLOWING IS A QUICK COMPILATION OF WHAT HAS BEEN ACCOMPLISHED TO DATE: AREA RESTORED - 23.69 ACRES MUCK REMOVED - 120 MILLION LBS. GROW SAV HERBIVORY DEVICES - 1060 EELGRASS PLANTS INSTALLED - 130,445
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Cullen Director | OfficerTrustee | $0 | |
Barbara Fletcher Treasurer | OfficerTrustee | 1 | $0 |
Frank Kapocsi Director | OfficerTrustee | $0 | |
Gregg Mackler Director | OfficerTrustee | 1 | $0 |
Judith Biston Secretary | Officer | 1 | $0 |
Rodney Macrae Vice-Preside | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $23,343 |
| Government grants | $3,943,960 |
| 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 | $3,967,303 |
| Total Program Service Revenue | $0 |
| Investment income | $700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,007 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,993,010 |
| 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 | $1,433 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $560 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $725 |
| All other expenses | $0 |
| Total functional expenses | $3,948,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,677 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $198,007 |
| 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 | $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 | $322,684 |
| Accounts payable and accrued expenses | $271,765 |
| 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 | $271,765 |
| Net assets without donor restrictions | $50,919 |
| 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 | $322,684 |