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Turks And Caicos Reef Fund Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 471190348 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Turks And Caicos Reef Fund Inc?

Turks and Caicos Reef Fund Inc is a nonprofit organization, based in Chicago, Illinois. Its primary focus lies in environmental protection, research, and advocacy within the Turks & Caicos Islands. A key initiative of the organization is the establishment of a land-based pilot coral nursery for stony corals, aiming to preserve and nurture these vital marine ecosystems. The organization's mission encompasses a broader scope, working towards the overall wellbeing of the environment in the Turks & Caicos Islands.


Official website here: www.tcreef.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

The Turks And Caicos Reef Fund Inc has received a two-star rating from Charity Navigator, indicating that there are notable areas for improvement within its accountability and finance practices. While the organization has a relatively strong program expense ratio of 78.84%, its accountability score is low at 56, primarily due to a lack of independent board members and missing essential governance policies such as conflict of interest and whistleblower protections.

The organization demonstrates strengths in its culture and community engagement, reflected in a high score of 86 in that category. Notably, it has successfully implemented feedback collection and usage practices, achieving full scores in both areas. This suggests that the organization is committed to incorporating stakeholder input into its operations.

However, the limitations regarding governance practices raise concerns about transparency and oversight. The absence of independent board members and key policies could impact the organization's effectiveness and trustworthiness. Moving forward, addressing these governance issues will be crucial for enhancing the overall effectiveness and credibility of the Turks And Caicos Reef Fund Inc.


This AI summary has been generated from information found on Charity Navigator.

Is Turks And Caicos Reef Fund Inc legitimate?

Turks And Caicos Reef Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Turks And Caicos Reef Fund 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: $45,871
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.tcreef.org

What is the mission statement of Turks And Caicos Reef Fund Inc?

The Turks and Caicos Reef Fund Inc is dedicated to preserving and enhancing the marine environment of the Turks & Caicos Islands. Through research and advocacy, the organization seeks to protect and conserve the coral reefs in the area. One of their key initiatives is the establishment of a land-based pilot coral nursery for stony corals, aimed at promoting the regeneration of damaged coral reefs. This proactive approach underscores their commitment to maintaining the health and vitality of the marine ecosystem in the Turks & Caicos Islands.


Official website here: www.tcreef.org

Who is the CEO of Turks And Caicos Reef Fund Inc?

Don Stark is the Chairman of Turks And Caicos Reef Fund Inc.


Official website here: www.tcreef.org

What is the revenue of Turks And Caicos Reef Fund Inc?

Turks And Caicos Reef Fund Inc's revenue in 2023 was $261,847.


Official website here: www.tcreef.org

Who are the executives of Turks And Caicos Reef Fund Inc and what are their salaries?

There 100 volunteers at Turks And Caicos Reef Fund Inc.


Here are 4 key members and their salaries:


Don Stark (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Silver (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Molly Bucci (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alizee Zimmermann (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.tcreef.org

Where can I find the form 990 for Turks And Caicos Reef Fund Inc?

Turks And Caicos Reef Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.tcreef.org

Learn more at the official website: www.tcreef.org

Mission Statement of Turks And Caicos Reef Fund Inc

The Turks and Caicos Reef Fund Inc, a nonprofit organization, is dedicated to the protection and preservation of the marine environment in the Turks & Caicos Islands. Their primary mission involves conducting research and advocacy to ensure the well-being of the region's unique marine life. One of their key initiatives is the establishment of a land-based coral nursery for stony corals, an effort aimed at promoting the growth and survival of these vital organisms. By doing so, the Turks and Caicos Reef Fund Inc is making significant strides towards the conservation of the marine ecosystem in the Turks & Caicos Islands.

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Impact




June, 2024

Turks And Caicos Reef Fund Inc's impact includes the establishment of a land-based pilot coral nursery for stony corals in the Turks & Caicos Islands. The organization is dedicated to environmental protection, research, and advocacy in the region, working towards the preservation and restoration of the delicate coral reef ecosystems. Through its initiatives, the organization plays a crucial role in safeguarding the biodiversity and sustainability of marine life in the Turks & Caicos Islands.




This information is meant to be a general summary of Turks And Caicos Reef Fund 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.

Revenue
$261,847 (2023)
Expenses
$282,903 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $255,558
  • Gross Receipts: $270,690

Assets and Liabilities:

  • Total Assets: $254,854
  • Total Liabilities: $72,204
  • Net Assets: $182,650

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Coral Nursery Pilot Project

Revenue

$52,561

Coral Rubble Research

Revenue

$34,839

East Caicos Reef Survey

Revenue

$21,000

In Situ Coral Nursery

Revenue

$13,418

Stony Coral Tissue Loss Disease Research

Revenue

$10,697

Organization Details

Founding Year

2010

Principal Officer

Don Stark

Main Address

1243 W Melrose Street, Chicago, IL, 60657

NTEE Category

Code: C30 - Environment

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