Reef Renewal Usa Inc
- Assets
- $363.3k
- Revenue
- $209.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 02/2020
- Data as of
- 12/2021
- EIN
- 83-4404613
Organization Overview
Reef Renewal Usa Inc is located in Tampa, FL. The organization was established in 2020. 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. Reef Renewal USA 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, Reef Renewal USA Inc generated $209.7k in total revenue. All expenses for the organization totaled $68.1k during the year ending 12/2021. While expenses have increased by 63.5% 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
RRUSA ENGAGES VOLUNTEERS AT ALL LEVELS AND IMPLEMENTS EFFECTIVE STRATEGIES TO PROTECT AND RESTORE ENDANGERED CORAL REEFS WHILE INSPIRING, EDUCATING AND EMPOWERING OUR COMMUNITIES. RRUSA IS DRIVEN BY ACTION AND RESULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REEF RENEWAL USA IS PART OF A LARGER EFFORT TO RESTORE THE CORAL REEFS IN THE FLORIDA KEYS. TO ACCOMPLISH OUR GOALS, CORALS ARE GROWN IN THREE REGIONAL OFFSHORE CORAL NURSERIES IN THE FLORIDA KEYS. THE NURSERIES ARE LOCATED OFF TAVERNIER, MARATHON, AND BIG PINE KEY. ONCE THE CORALS ARE LARGE ENOUGH, THEY ARE THEN PLANTED ON THE TARGET REEFS. CURRENT RESTORATION ACTIVITIES ARE FOCUSED UP AND DOWN THE FLORIDA KEYS REEF TRACT. THERE IS A SPECIAL FOCUS ON THE MISSION: ICONIC REEFS INITIATIVE AT CARYSFORT REEF, MOLASSES REEF, CONCH REEF, SOMBRERO REEF, LOOE KEY, NEWFOUND HARBOR, AND EASTERN DRY ROCKS. WE PLACE A SPECIAL EMPHASIS ON ENGAGING COMMUNITIES AND VOLUNTEERS TO ASSIST IN TAKING OWNERSHIP OF OUR PRECIOUS CORAL REEFS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Echevarria President | OfficerTrustee | 1 | $0 |
Thomas Myers Secretary | OfficerTrustee | 1 | $0 |
Robert Whitmore Treasurer | OfficerTrustee | 1 | $0 |
Ben Daughtry Director | Trustee | 1 | $0 |
Craig Watson Director | Trustee | 1 | $0 |
Michael Blount Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,030 |
| All other contributions, gifts, grants, and similar amounts not included above | $187,638 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $209,668 |
| Total Program Service Revenue | $0 |
| 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 | $209,668 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,438 |
| Office expenses | $0 |
| 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 | $2,018 |
| All other expenses | $0 |
| Total functional expenses | $68,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $354,571 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,200 |
| 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 | $1,577 |
| Total assets | $363,348 |
| Accounts payable and accrued expenses | $9,410 |
| Grants payable | $0 |
| Deferred revenue | $63,837 |
| 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 | $73,247 |
| Net assets without donor restrictions | $121,265 |
| Net assets with donor restrictions | $168,836 |
| 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 | $363,348 |
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