Overview
What is Friends Of The Rio Grande Valley Reef Inc?
Friends of the Rio Grande Valley Reef Inc, based in Mcallen, Texas, is a nonprofit organization committed to creating fish habitats in the Gulf of Mexico. They specialize in facilitating permitting and fundraising efforts for an artificial reef located north of the South Padre Island Jetty. Through their initiatives, they contribute to enhancing marine life and ecosystems in the region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Friends Of The Rio Grande Valley Reef Inc has achieved a 79% rating from Charity Navigator, reflecting a solid commitment to accountability and financial stewardship. The organization excels in several areas, notably maintaining a fully independent board of directors and demonstrating no material diversion of assets, which suggests a strong governance structure.
The charity boasts an impressive program expense ratio of 87.34%, indicating that a significant portion of its resources is directed towards its mission-driven activities rather than administrative costs. Additionally, the presence of listed policies for conflict of interest, whistleblower protection, and document retention further enhances its transparency and operational integrity.
While the organization performs well in many categories, there may still be room for improvement in areas not explicitly detailed in the data provided. However, the current rating and structure suggest that Friends Of The Rio Grande Valley Reef Inc is committed to effective management and positive impact in its community.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Rio Grande Valley Reef Inc legitimate?
Friends Of The Rio Grande Valley Reef Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Rio Grande Valley Reef 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: $219,483
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Friends Of The Rio Grande Valley Reef Inc?
Friends of the Rio Grande Valley Reef Inc is a dedicated organization that works towards permitting and securing funding for an artificial reef north of the South Padre Island Jetty. This initiative aims to enhance fish habitats in the Gulf of Mexico by acquiring and depositing reef material. The organization's mission is geared towards improving marine life and promoting biodiversity in the given area. The artificial reef will serve as a vital ecosystem, providing shelter and food sources for various marine species. Friends of the Rio Grande Valley Reef Inc's efforts contribute significantly to enhancing the Gulf of Mexico's marine environment.
Who is the CEO of Friends Of The Rio Grande Valley Reef Inc?
Gary Glick is the President of Friends Of The Rio Grande Valley Reef Inc.
What is the revenue of Friends Of The Rio Grande Valley Reef Inc?
Friends Of The Rio Grande Valley Reef Inc's revenue in 2022 was $1,192,515.
Who are the executives of Friends Of The Rio Grande Valley Reef Inc and what are their salaries?
There 10 volunteers at Friends Of The Rio Grande Valley Reef Inc.
Here are 3 key members and their salaries:
- Compensation: $141,156
- Related: $0
- Other: $0
- Compensation: $78,327
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Friends Of The Rio Grande Valley Reef Inc?
Friends Of The Rio Grande Valley Reef Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of The Rio Grande Valley Reef Inc
Friends of the Rio Grande Valley Reef, a dedicated organization, works tirelessly to facilitate the permitting and fundraising process for an artificial reef north of the South Padre Island Jetty. This reef, once completed, will serve as an essential addition to the Gulf of Mexico, providing new fish habitats.
The mission of Friends of the Rio Grande Valley Reef is multifaceted. At its core, the organization is dedicated to contributing to the creation of an artificial reef in the Gulf of Mexico. Through their efforts, they aim to deposit reef material, enhancing the underwater ecosystem and providing shelter for various marine species. By doing so, they contribute significantly to the overall health and diversity of marine life in the region.
Friends of the Rio Grande Valley Reef's commitment extends beyond just the creation of the reef. Their involvement in the permitting and fundraising aspects of the project is crucial to its success. This approach ensures that the reef is developed in a responsible and sustainable manner, with the necessary resources and permissions in place. The organization's unwavering dedication to this cause reflects its commitment to enhancing the marine environment and supporting the thriving marine ecosystem in the Gulf of Mexico.
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Impact
October, 2024
Friends Of The Rio Grande Valley Reef Inc plays a crucial role in marine conservation by facilitating the creation of artificial reefs in the Gulf of Mexico. By acquiring and depositing reef materials, they enhance underwater habitats, promoting biodiversity and supporting fish populations. Their efforts not only contribute to the ecological balance but also bolster local fisheries and boost recreational opportunities for anglers and divers. The project's focus on permitting and funding ensures that these artificial reefs are sustainably developed, ultimately benefiting both wildlife and the local community surrounding South Padre Island.
This information is meant to be a general summary of Friends Of The Rio Grande Valley Reef 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.
- Gross Receipts: $1,192,515
Assets and Liabilities:
- Total Assets: $750,676
- Total Liabilities: $0
- Net Assets: $750,676
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Organization Details
Founding Year
2015
Phone
(956) 943-3500Principal Officer
Gary Glick
Main Address
820 W NOLANA STE C, MCALLEN, TX, 78504
NTEE Category
Code: D33 - Animals
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