Plant A Million Corals Foundation Inc is located in Summerland Key, FL. 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 12/2021, Plant A Million Corals Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plant A Million Corals Foundation 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 12/2021, Plant A Million Corals Foundation Inc generated $649.4k in total revenue. All expenses for the organization totaled $587.9k during the year ending 12/2021. While expenses have increased by 119.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO TURN THE TIDE OF OUR OCEANS BY SAVING OUR CORAL REEFS THROUGH RESTORATION, TECHNOLOGY, DEMONSTRATION, TRAINING EDUCATION AND OUTREACH AND TO PROVIDE A PLATFORM FOR SUPPORTERS TO CARRY OUT OUR MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHMIDT FOUNDATION GRANT PROJECT FOR 2021. TOTAL GRANT RECEIVED FOR PROJECT SO FAR IS $200,000 IN 2020 AND $125,000 IN 2021. THE ONLY REVENUES GENERATED FROM THE PROGRAM SERVICES WERE THE $3600 IN WORKSHOP TUITIONS RECEIVED.DEVELOPED THE FIRST TRANSPORTABLE CORAL NURSERY SYSTEM IN 2020. CONTINUED DEVELOPMENT OF THE PORTABLE CORAL RESTORATION UNIT (CRU) TO INCLUDE SOLAR COMPONENTS TO BE USED IN REMOTE AREAS OR FOR PRACTITIONERS WHO WANT TO BE OFF GRID. THE NEW CRUS WILL BE IN A 20FT. CONTAINER INSTEAD OF THE ORIGINAL DESIGN OF A 40 FOOT CONTAINER. THE SIZE DEPENDS ON THE AMOUNT OF PRODUCTION NEEDED. COMPONENTS OF THE CRUS HAVE BEEN PERFECTED TO INCLUDE BETTER SHADING FOR THE TANKS, AND BETTER PLANTING STRUCTURES WHICH ARE ABLE TO BE MANUFACTURED ON SITE AT 1/10TH THE COST ALONG WITH THE PLANTING PLUGS.THE GRANT ALSO COVERED TRAINING PROGRAMS. ONCE A WEEK TRAINING WAS CONDUCTED WITH THE HIGH ADVENTURE BOY SCOUT CAMP LOCATED ON SUMMERLAND KEY REACHING NEARLY 250 STEM STUDENTS. A REMOTE TRAINING WAS CONDUCTED WITH THE CORAL GARDENERS ON MOREA. A HANDS ON 5 DAY WORKSHOP WAS CONDUCTED ON SUMMERLAND KEY WITH 22 PARTICIPANTS FROM AROUND THE WORLD AND RANGING FROM INTERESTED IN LEARNING ABOUT RESTORATION, PRACTITIONERS, STATE AND FEDERAL AGENCY EMPLOYEES, AND COLLEGE PROFESSORS. AS PART OF THE PROJECT, PLANT A MILLION CORALS FOUNDATION (PAMCF) WORKED WITH REEF GEN, A ROBOTIC DESIGN COMPANY DESIGNING A ROBOTIC CHAIN FOR PLANTING. PAMCF SERVED AS A CONSULTANT TO THE PROJECT.
11TH HOUR RACING LEGACY GRANT PROJECTTOTAL GRANT RECEIVED WAS 70,000 IN 2021. NO REVENUES WERE GENERATED FROM THE PROGRAM SERVICES DONE.NEWLY DESIGNED TANKS HAVE BEEN DEVELOPED AND PERFECTED UNDER THIS PROJECT. THE TANKS ARE MADE OF ACRYLIC SO THEY ARE ABLE TO HOLD MORE CORALS IN LESS SPACE. THE AERATION HAS BEEN DESIGNED TO CIRCULATE THE WATER IN A CIRCULAR MOTION FROM SIDE TO SIDE AND UP AND DOWN. THE COST OF THE TANKS WILL BE AT LEAST HALF OF THE FIBERGLASS TANKS AND WILL BE AVAILABLE IN MUCH LESS TIME. THESE NEW TANKS ARE EASIER TO SHIP IN THE CRUS AND ARE EASILY SET UP.
RIVER BRANCH FOUNDATION PROJECT FOR ORGANIZATIONAL INFRASTRUCTURE.GRANT RECEIVED IN 2021 WAS $150,000. 2021 EXPENSES FOR THE PROJECT IN 2021 WERE $62,981. NO REVENUES WERE GENERATED FROM THE PROGRAM SERVICES DONE.THE INFRASTRUCTURE OF THE PAMCF FACILITY ON SUMMERLAND KEY IS PROGRESSING. A CLASSROOM HAS BEEN BROUGHT TO THE FACILITY AND HAS BEEN OUTFITTED WITH DESKS, CHAIRS AND MICROSCOPES FOR FUTURE WORKSHOPS. THE CLASSROOM WILL ALSO PROVIDE SOME OFFICE SPACE. A WORK TRAILER IS BEING USED FOR STORAGE OF EQUIPMENT. A SOLAR PUMP HAS BEEN INSTALLED AT THE NURSERY AS WELL AS SHADING OVER THE TANKS. PLANS FOR A MOBILE CLASSROOM ARE UNDERWAY. COLLABORATIONS WITH EDUCATORS ARE DEVELOPING CURRICULUM MATERIALS TO BE USED IN CLASSROOMS.THE GRANT ALSO PROVIDED SUPPORT FOR KEY PERSONNEL OF PAMCF. THE GRANT WAS AWARDED IN JUNE 2021 AND WILL CONTINUE TO JUNE 2022.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dave Vaughan President & CEO | Officer | 50 | $117,556 |
Dee D Vaughn Director | OfficerTrustee | 40 | $32,200 |
Donna Vaughn Director | OfficerTrustee | 30 | $25,700 |
Bill Robertson Director | OfficerTrustee | 6 | $0 |
Shirley Pomponi Director | Trustee | 6 | $0 |
James Greenberg Director | Trustee | 6 | $0 |
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 | $645,762 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $645,762 |
Total Program Service Revenue | $3,600 |
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 | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $649,362 |
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. | $175,456 |
Compensation of current officers, directors, key employees. | $35,050 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,985 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $14,505 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $575 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $123 |
Advertising and promotion | $2,480 |
Office expenses | $4,198 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $8,706 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,412 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,595 |
Insurance | $6,263 |
All other expenses | $3,362 |
Total functional expenses | $587,938 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $482,067 |
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 | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $14,381 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $496,448 |
Accounts payable and accrued expenses | $9,076 |
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 | $9,076 |
Net assets without donor restrictions | $268,287 |
Net assets with donor restrictions | $219,085 |
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 | $496,448 |
Over the last fiscal year, we have identified 5 grants that Plant A Million Corals Foundation Inc has recieved totaling $376,331.
Awarding Organization | Amount |
---|---|
River Branch Foundation Ponte Vedra, FL PURPOSE: PROVIDE FOR | $150,000 |
The Schmidt Family Foundation Palo Alto, CA PURPOSE: OCEAN STEWARDSHIP AND RESEARCH | $125,000 |
Lookout Foundation Inc Summerland Key, FL PURPOSE: UNRESTRICTED CHARITABLE GRANT | $100,000 |
Jim And Jonnie Swann Corp Cocoa, FL PURPOSE: UNRESTRICTED | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $331 |
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 |