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Legacy Reef Foundation

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

EIN: 472386253 ✦ Honolulu ave, HI ✦ Designated as a 501(c)(3)

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Overview

What is Legacy Reef Foundation?

Legacy Reef Foundation is a nonprofit organization dedicated to promoting coral preservation and restoration. They have successfully facilitated community-led coral land propagation, with the assistance of scientific experts. Lay volunteers have been trained in coral land-based propagation and care, resulting in successful lab-based coral propagation. The foundation fosters partnerships with coastal communities worldwide, aiming to establish healthy reefs sustainably. This initiative ensures a continuous food source for coastal residents, benefiting generations to come. Legacy Reef Foundation also aims to modernize their educational and engagement programs by transforming them into a multimedia format.


Official website here: www.legacyreeffoundation.org

Is Legacy Reef Foundation legitimate?

Legacy Reef Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacy Reef Foundation submitted a form 990EZ, 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.


Official website here: www.legacyreeffoundation.org

What is the mission statement of Legacy Reef Foundation?

The Legacy Reef Foundation's mission is centered around promoting coral preservation and restoration. They have successfully facilitated community-led coral land propagation under scientific guidance, training volunteer laypeople in the process. The organization has also established coral growth in laboratory settings. In partnership with seaside communities worldwide, Legacy Reef Foundation's primary goal is to establish healthy reefs, ensuring a sustainable food source for future generations. They are also committed to transforming their educational and engagement programs into a multimedia format, thereby broadening their reach and impact.


Official website here: www.legacyreeffoundation.org

Who is the CEO of Legacy Reef Foundation?

Susanne Otero is the Executive Director of Legacy Reef Foundation.


Official website here: www.legacyreeffoundation.org

What is the revenue of Legacy Reef Foundation?

Legacy Reef Foundation's revenue in 2021 was $41,715.


Official website here: www.legacyreeffoundation.org

Who are the executives of Legacy Reef Foundation and what are their salaries?


Here are 4 key members and their salaries:


William Coney (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shelley Otero (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Ostrowski (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susanne Otero (Executive Director)
  • Compensation: $4,040
  • Related: $0
  • Other: $0


Official website here: www.legacyreeffoundation.org

Where can I find the form 990EZ for Legacy Reef Foundation?

Legacy Reef Foundation's most recent form 990EZ was submitted in 2021 and can be accessed here.


Official website here: www.legacyreeffoundation.org

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

Mission Statement of Legacy Reef Foundation

Legacy Reef Foundation is dedicated to achieving coral land propagation through community involvement, guided by scientific knowledge. They have trained lay volunteers in the art of coral land-based propagation and care, and have seen successful results in a laboratory setting. The organization's ultimate goal is to establish healthy reefs globally, ensuring that coastal residents have a sustainable food source for future generations. To further their mission, Legacy Reef Foundation collaborates with seaside communities. They are also working on transforming their educational and engagement programs into a multimedia format, focusing on coral preservation and restoration.

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Impact




August, 2024

Legacy Reef Foundation's impact is significant in coral preservation and restoration efforts. By accomplishing coral land propagation with community involvement and scientific guidance, training lay volunteers in coral land-based propagation and care, and successfully propagating coral in lab settings, the foundation is advancing the health of reefs worldwide. Through partnerships with seaside communities, Legacy Reef Foundation is ensuring that coastal residents have a sustainable food source for generations to come. Additionally, the foundation's efforts to transform educational and engagement programs into multimedia formats are expanding their reach and impact in the field of coral preservation and restoration.




This information is meant to be a general summary of Legacy Reef 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.

Revenue
$41,715 (2021)
Expenses
$53,705 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $12
  • Gross Receipts: $41,715

Assets and Liabilities:

  • Total Assets: $62,424
  • Total Liabilities: $8,343
  • Net Assets: $54,081

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Organization Details

Principal Officer

Susanne Otero

Main Address

1110 Nuuanu Ave A1 5242, Honolulu Ave, HI, 96817

NTEE Category

Code: P20 - Human services

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