Reef Check Foundation
- Assets
- $527.8k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 18
- Location
- Santa Monica, CA
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 95-4858649
Organization Overview
Reef Check Foundation is located in Santa Monica, CA. The organization was established in 2001. 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 12/2023, Reef Check Foundation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reef Check 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, Reef Check Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 10.5% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
REEF CHECK'S FAST GROWING NETWORK PLAYED A MAJOR ROLE IN REPORTS TO PRESERVE AND SUSTAIN REEF ECOSYSTEMS. REEF CHECK TEAMS WORK WITH BUSINESS SECTORS SUCH AS TOURISM DIVING, SURFING AND THE MARINE AQUARIUM TRADE. THESE TEAMS DEVELOPED MUTUALLY BENEFICIAL SOLUTIONS INCLUDING CREATEING OF SELF-FUNDING MARINE PROTECTED AREAS. REEF CHECK RECEIVED INTERNATIONAL ENVIRONMENTAL ACCLAIM FOR ITS WORK, AND WAS NAMED THE UNITED NATIONS'S OFFICUAL COMMUNITY BASED REEF MONITORING PROGRAM. IF YOU WILL VISIT OUR WEBSITE WWW.REEFCHECK.ORG, CLICKING ON THE ISSUES NAMES IT WILL TAKE YOU TO A DETAIL FACT SHEET ABOUT THE WORLD. THESE FACT SHEETS INCLUDES THE CAUSES FOR THE IMPACT AND WHAT ACTAIONS PEOPLE CAN TAKE TO ADDRESS THE ISSUES.
Describe the Organization's Program Activity:
REEF CHECK FOUNDATION PERFORMS THREE VITAL TASKS NECESSARY TO PROMOTE STEWARDSHIP OF SUSTAINABLE REEF COMMUNITIES WORLDWIDE. WE TRAIN AND ORGANIZE TEAMS OF LOCAL VOLUNTEER CITIZEN SCIENTIST DIVERS. THEY COLLECT DATA ON REEF HEALTH AND ASSESS CLIMATE CHANGE IMPACTS ON THEIR REEFS. THEIR WORK PRODUCES RELIABLE INFORMATION USED BY MARINE RESOURCE MANAGERS, SCIENTISTS, AND POLICYMAKERS TO MAKE SCIENCE-BASED OCEAN MANAGEMENT AND CONSERVATION DECISIONS. WE PROMOTE PUBLIC EDUCATION ABOUT REEFS AND THE OCEAN. OUR IMMERSIVE YOUTH EDUCATION PROGRAMS TRAIN PARTICIPANTS TO UNDERSTAND THE THREATS MARINE ECOSYSTEMS FACE AND GIVE THEM THE TOOLS TO BECOME OCEAN STEWARDS. WE DEVELOP ECOLOGICALLY SOUND AND ECONOMICALLY SUSTAINABLE SOLUTIONS FOR REEF CONSERVATION AND RESTORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Freiwald Executive Director | 40 | $122,231 | |
Robert Mcclatchy Director | Trustee | 5 | $0 |
Robert Kugel Director | Trustee | 5 | $0 |
Chris Glaeser Director | Trustee | 5 | $0 |
Julie Rubash Secretary | OfficerTrustee | 5 | $0 |
Sue Chen Director | Trustee | 5 | $0 |
Financial Statements
| 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 | $936,235 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $936,235 |
| Total Program Service Revenue | $726,055 |
| Investment income | $622 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,314 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,327 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,693,971 |
| 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. | $122,231 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $759,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $54,028 |
| Payroll taxes | $70,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,678 |
| Office expenses | $30,008 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,273 |
| Travel | $85,781 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,187 |
| Insurance | $58,389 |
| All other expenses | $9,298 |
| Total functional expenses | $1,829,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,138 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,490 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,977 |
| Prepaid expenses and deferred charges | $200 |
| Net Land, buildings, and equipment | $15,570 |
| Investments—publicly traded securities | $36,922 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $13,768 |
| Other assets | $2,774 |
| Total assets | $527,839 |
| Accounts payable and accrued expenses | $8,269 |
| 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 | $150,000 |
| Other liabilities | $106,144 |
| Total liabilities | $264,413 |
| Net assets without donor restrictions | $28,649 |
| Net assets with donor restrictions | $234,777 |
| 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 | $527,839 |