Overview
What is Ocean City Reef Foundation Inc?
Ocean City Reef Foundation Inc is a nonprofit organization based in Berlin, Maryland, with an address at 74 Brambledale Drive. Their mission revolves around the enhancement and conservation of marine ecosystems, particularly off the coast of Ocean City, Maryland. They achieve this by providing funds, expertise, services, and materials to create and enhance artificial reefs. The organization also disseminates information about the importance of preserving and enhancing ocean reefs via a newsletter, ensuring public awareness on the subject.
Official website here: www.ocreeffoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Ocean City Reef Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a decent level of accountability and financial management. The overall score is derived solely from the Accountability & Finance beacon, where it achieved a score of 76%. This suggests that while the organization is performing well in certain areas, there are some aspects that require improvement.
One of the foundation's key strengths includes having a fully independent board, which promotes transparent governance, as indicated by their perfect score in board independence. Additionally, there are no reported material diversions of assets, and they maintain a strong financial position with a liabilities-to-assets ratio of 0.00%, showcasing effective asset management. The organization also demonstrates commitment to transparency by posting board meeting minutes and tax forms on its website.
However, the foundation faces challenges in certain policy areas, notably the absence of a conflict of interest policy and whistleblower policy, which received zero points in those categories. The lack of these policies may raise concerns regarding governance and organizational integrity. Overall, while the Ocean City Reef Foundation Inc shows strengths in financial management and board independence, it has areas for improvement in its policy framework.
This AI summary has been generated from information found on Charity Navigator.
Is Ocean City Reef Foundation Inc legitimate?
Ocean City Reef Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean City Reef Foundation 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.ocreeffoundation.com
What is the mission statement of Ocean City Reef Foundation Inc?
The Ocean City Reef Foundation Inc's mission is centered around promoting and enhancing marine life habitats. Specifically, they focus on creating and improving artificial reefs off the coasts. By providing funds, expertise, services, and materials, they strive to build and augment ocean reefs. Additionally, they distribute a newsletter to educate the public on the importance of protecting, building, and enhancing ocean reefs, with the ultimate goal of fostering a healthier marine environment.
Official website here: www.ocreeffoundation.com
Who is the CEO of Ocean City Reef Foundation Inc?
Lee Monty Hawkins is the Director of Ocean City Reef Foundation Inc.
Official website here: www.ocreeffoundation.com
What is the revenue of Ocean City Reef Foundation Inc?
Ocean City Reef Foundation Inc's revenue in 2022 was $126,853.
Official website here: www.ocreeffoundation.com
Who are the executives of Ocean City Reef Foundation Inc and what are their salaries?
There 25 volunteers at Ocean City Reef Foundation Inc.
Here are 8 key members and their salaries:
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Official website here: www.ocreeffoundation.com
Where can I find the form 990 for Ocean City Reef Foundation Inc?
Ocean City Reef Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ocreeffoundation.com
Learn more at the official website: www.ocreeffoundation.com
Mission Statement of Ocean City Reef Foundation Inc
Ocean City Reef Foundation Inc, a non-profit organization, is dedicated to enhancing marine life and promoting conservation efforts. Their primary mission involves creating and improving artificial reefs off the coasts, specifically in Maryland. By providing funds, expertise, services, and materials, they strive to build and strengthen these underwater habitats.
Their work aims to enrich and protect marine ecosystems, contributing to the overall health and diversity of ocean life. To keep the public informed about their initiatives and the significance of protecting and building reefs, they publish and distribute a newsletter.
In essence, Ocean City Reef Foundation Inc serves as a beacon for marine conservation, working tirelessly to create and improve underwater habitats that foster life and biodiversity.
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Impact
June, 2024
The Ocean City Reef Foundation Inc has a significant impact on the marine environment off the coast of Ocean City, Maryland. Through their efforts to create and enhance artificial reefs, the organization plays a crucial role in promoting habitat enhancement and conservation activities in the area. By providing funds, expertise, services, and materials for reef construction, they actively contribute to the preservation of ocean reefs and the marine life they support.
Additionally, the foundation's outreach efforts, such as publishing and distributing newsletters to inform the public about the importance of protecting and enhancing ocean reefs, help raise awareness and garner support for their conservation initiatives. Overall, Ocean City Reef Foundation Inc's work has a positive impact on the local marine ecosystem and contributes to the sustainability of marine habitats in the region.
This information is meant to be a general summary of Ocean City Reef Foundation 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: $127,404
Assets and Liabilities:
- Total Assets: $33,742
- Total Liabilities: $0
- Net Assets: $33,742
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Organization Details
Founding Year
1998
Phone
(410) 520-2076Principal Officer
Lee Monty Hawkins
Main Address
74 BRAMBLEWOOD DRIVE, BERLIN, MD, 21811
Website
www.ocreeffoundation.comNTEE Category
Code: C320 - Environment
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