Overview
What is Guy Harvey Ocean Fund Inc Guy Harvey Foundation?
The Guy Harvey Ocean Fund Inc, also known as the Guy Harvey Foundation, is a nonprofit organization based in Fort Lauderdale, Florida, dedicated to conserving the marine environment through scientific research and educational programs. Their mission encompasses ensuring a naturally balanced ocean ecosystem for future generations. They engage in various research projects, such as satellite tagging of shortfin mako sharks, dolphinfish, and billfish, which provide crucial data for understanding migration patterns, fishing mortality rates, and recovery from the catch-and-release process. These studies are essential for managing commercial and recreational fishing sustainably. The Foundation also supports inspired research and educational programs developed by universities, colleges, institutes, and nonprofit organizations, fostering innovative ideas and best management practices for marine conservation.
Official website here: www.guyharveyfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 69%, Two-Star out of Four Star rating.
The Guy Harvey Ocean Fund Inc - Guy Harvey Foundation has received a Two-Star rating, indicating some concerns in its financial health despite notable strengths in governance and policy adherence. The charity boasts a strong independent board composition and has implemented various essential policies, earning top marks in areas like conflict of interest and whistleblower protections.
However, the foundation's financial ratios raise red flags, particularly its liabilities to assets and working capital ratios, which are significantly low. This suggests potential liquidity issues and a reliance on funding that may not be sustainable in the long term. While the program expense ratio is relatively solid, the overall fundraising efficiency is lacking, which can impact the charity's ability to effectively allocate resources to its mission.
On a positive note, the organization excels in culture and community engagement, receiving a perfect score in this domain, which reflects a strong commitment to fostering an inclusive and supportive environment. Overall, while the Guy Harvey Ocean Fund Inc has established a robust governance framework, its financial sustainability needs careful attention to ensure continued effectiveness in its ocean conservation efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Guy Harvey Ocean Fund Inc Guy Harvey Foundation legitimate?
Guy Harvey Ocean Fund Inc Guy Harvey Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Guy Harvey Ocean Fund Inc Guy Harvey Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $252,988
Professional Fundraising Fees: $0
Other Salaries and Wages: $133,858
For more financial information, click here
Official website here: www.guyharveyfoundation.org
What is the mission statement of Guy Harvey Ocean Fund Inc Guy Harvey Foundation?
The Guy Harvey Ocean Fund Inc, also known as the Guy Harvey Foundation, is dedicated to preserving the marine environment for future generations. Through scientific research and educational programs, they aim to conserve the marine environment and ensure a naturally balanced ocean ecosystem. The Foundation supports innovative research and educational initiatives that promise to bring new ideas to marine conservation and encourage sustainable practices. Additionally, they fund projects developed by universities, colleges, institutes, and nonprofit organizations that align with their mission of marine conservation and best management practices for a sustainable marine environment.
Official website here: www.guyharveyfoundation.org
Who is the CEO of Guy Harvey Ocean Fund Inc Guy Harvey Foundation?
Jessica Harvey is the Chairman of Guy Harvey Ocean Fund Inc Guy Harvey Foundation. The CEO's salary of Guy Harvey Ocean Fund Inc Guy Harvey Foundation is $252,988 and their total compensation is $252,988.
Official website here: www.guyharveyfoundation.org
What is the revenue of Guy Harvey Ocean Fund Inc Guy Harvey Foundation?
Guy Harvey Ocean Fund Inc Guy Harvey Foundation's revenue in 2021 was $4,598,327.
Official website here: www.guyharveyfoundation.org
Who are the executives of Guy Harvey Ocean Fund Inc Guy Harvey Foundation and what are their salaries?
The average compensation at Guy Harvey Ocean Fund Inc Guy Harvey Foundation during 2021 was $96,712. There are 4 employees and 19 volunteers at Guy Harvey Ocean Fund Inc Guy Harvey Foundation.
Here are 20 key members and their salaries (Guy Harvey Ocean Fund Inc Guy Harvey Foundation's CEO's salary is $252,988 and their total compensation is $252,988):
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Official website here: www.guyharveyfoundation.org
Where can I find the form 990 for Guy Harvey Ocean Fund Inc Guy Harvey Foundation?
Guy Harvey Ocean Fund Inc Guy Harvey Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.guyharveyfoundation.org
Learn more at the official website: www.guyharveyfoundation.org
Mission Statement of Guy Harvey Ocean Fund Inc Guy Harvey Foundation
The Guy Harvey Ocean Fund Inc, also known as the Guy Harvey Foundation, is dedicated to the conservation of marine environments for future generations. By conducting scientific research and hosting educational programs, the organization aims to ensure that the marine ecosystem remains naturally balanced, enabling future generations to enjoy and benefit from it.
The Guy Harvey Foundation funds inspired scientific research and innovative educational programs developed by universities, colleges, institutions, and nonprofit organizations. These initiatives bring new ideas and approaches to marine conservation, promoting conservation and best management practices for a sustainable marine environment.
In addition, the Guy Harvey Foundation supports projects that promise to make significant contributions to marine conservation. By funding these programs, the organization seeks to encourage the development of new conservation strategies and practices that will help preserve marine life and ecosystems for future generations.
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Impact
June, 2024
The Guy Harvey Ocean Fund Inc Guy Harvey Foundation has had a significant impact through its scientific research and educational programs aimed at conserving the marine environment. Their research initiatives, such as satellite tagging of shortfin mako sharks, dolphinfish, and billfish, have provided crucial data for the conservation and management of these species.
For example, their research on shortfin mako sharks led to the discovery of higher fishing mortality rates than previously known, prompting conservation actions to protect this species. Similarly, their work on dolphinfish has helped understand migration patterns and growth rates, essential for sustainable management. Additionally, their study on billfish in the Eastern Tropical Pacific Ocean contributes to informed fisheries management in a region with significant commercial fishing activity.
By conducting innovative research and engaging in educational programs, the Guy Harvey Foundation is making a tangible difference in marine conservation efforts, ensuring a balanced ocean ecosystem for current and future generations.
This information is meant to be a general summary of Guy Harvey Ocean Fund Inc Guy Harvey Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $20,019
- Gross Receipts: $4,809,537
Assets and Liabilities:
- Total Assets: $3,952,649
- Total Liabilities: $3,174,551
- Net Assets: $778,098
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Organization Details
Founding Year
2008
Phone
(800) 288-1227Principal Officer
Jessica Harvey
Main Address
757 SE 17TH ST SUITE 217, FORT LAUDERDALE, FL, 33316
Website
www.guyharveyfoundation.orgNTEE Category
Code: C32 - Environment
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