Overview
What is Ocean Reef Conservation Association Inc?
Ocean Reef Conservation Association Inc, headquartered at 24 Dockside Lane Suite 250, Key Largo, Florida, is a dedicated nonprofit organization focusing on preservation and conservation. Their mission encompasses protecting and sustaining the environment, marine life, and related habitats, particularly coral reefs and fishery ecosystems. Through their activities, they aim to promote a sustainable fishery by repairing, re-growing, and regenerating these vital resources. Additionally, they offer scholarships to high-school graduates in the Keys who plan to pursue studies in environmental and marine fields, reflecting their commitment to nurturing future conservation leaders.
Official website here: www.oceanreefconservationassociation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Ocean Reef Conservation Association Inc received an 83% score from Charity Navigator, which reflects a strong performance in accountability and finance. The organization has demonstrated excellent governance practices, with a fully independent board and no material diversion of assets reported. Additionally, their high program expense ratio of 97.59% indicates that the majority of their funding is directed toward their conservation efforts.
While the organization excels in several areas, it does have some shortcomings, notably the absence of a whistleblower policy and a document retention and destruction policy. These gaps, however, do not significantly detract from their overall accountability score. The charity also maintains transparency with its tax forms posted on its website and accurate documentation of board meeting minutes.
Overall, Ocean Reef Conservation Association Inc shows a solid commitment to its mission and responsible financial management, making it a reliable option for potential donors interested in supporting conservation efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Ocean Reef Conservation Association Inc legitimate?
Ocean Reef Conservation Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean Reef Conservation Association Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.oceanreefconservationassociation.org
What is the mission statement of Ocean Reef Conservation Association Inc?
The Ocean Reef Conservation Association Inc's mission is centered around protecting and preserving the environment, particularly focusing on aquatic life and marine areas. They strive to maintain water quality and habitat, with a specific focus on the regeneration and restoration of coral reefs and fishery habitats to ensure a sustainable fishery. In addition, the organization offers scholarships to high-school graduates in the Keys who are planning to study environmental or marine-related subjects. Their goal is to foster the next generation of experts in these fields and contribute to the conservation of marine ecosystems.
Official website here: www.oceanreefconservationassociation.org
Who is the CEO of Ocean Reef Conservation Association Inc?
Jack Salisbury is the Chairman of Ocean Reef Conservation Association Inc.
Official website here: www.oceanreefconservationassociation.org
What is the revenue of Ocean Reef Conservation Association Inc?
Ocean Reef Conservation Association Inc's revenue in 2022 was $400,307.
Official website here: www.oceanreefconservationassociation.org
Who are the executives of Ocean Reef Conservation Association Inc and what are their salaries?
There 7 volunteers at Ocean Reef Conservation Association Inc.
Here are 7 key members and their salaries:
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Official website here: www.oceanreefconservationassociation.org
Where can I find the form 990 for Ocean Reef Conservation Association Inc?
Ocean Reef Conservation Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oceanreefconservationassociation.org
Learn more at the official website: www.oceanreefconservationassociation.org
Mission Statement of Ocean Reef Conservation Association Inc
The Ocean Reef Conservation Association Inc, a dedicated environmental organization, strives to safeguard and preserve the environment, wildlife, and marine areas, with a particular focus on water quality and habitat. Its primary goal is to protect both nearby and offshore coral reefs and fishery habitats, promoting their repair, re-growth, and regeneration to ensure a sustainable fishery.
In addition to its reef protection efforts, the Association offers scholarships to high-school seniors in the Keys who are passionate about environmental and marine studies. By providing these scholarships, the organization aims to inspire and support future leaders in these crucial fields, contributing to the long-term conservation and management of marine and coastal ecosystems.
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Impact
June, 2024
Ocean Reef Conservation Association Inc's impact is focused on protecting and preserving the environment, fish, wildlife, and marine-related areas in Key Largo, Florida. Specifically, the organization works to safeguard nearby and offshore coral reefs and fishery habitats by conducting repairs, promoting regrowth, and supporting regeneration efforts. This initiative is crucial for ensuring a sustainable fishery and maintaining the health of marine ecosystems in the region. Additionally, the association provides scholarships to graduating high school seniors in the Keys who are pursuing majors in environmental and marine studies, further contributing to the development of future conservation leaders.
This information is meant to be a general summary of Ocean Reef Conservation Association Inc. 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 2022.
- Investment Income: $424
- Gross Receipts: $400,307
Assets and Liabilities:
- Total Assets: $1,715,356
- Total Liabilities: $0
- Net Assets: $1,715,356
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Organization Details
Founding Year
2009
Phone
(305) 367-3321Principal Officer
Jack Salisbury
Main Address
24 Dockside Lane Suite 250, Key Largo, FL, 33037
NTEE Category
Code: C30 - Environment
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