Overview
What is Coastal Resources Group Inc?
Coastal Resources Group Inc, based in Venice, Florida, is a nonprofit organization primarily focused on restoring native coastal habitats and educating others about efficient and effective methods of habitat restoration. They are currently working with the U.S. Army Corps of Engineers to develop projects funded by trust money to offset wetland impacts in the Florida Keys. In 2022, they received funding for two additional projects in the Florida Keys, aimed at restoring the environment and providing educational opportunities for visitors at Pennekamp State Park and Johnson Tract in Sugarloaf Key. The organization also continues to educate residents about wetland conservation through public meetings and has plans to install educational signs at a boat ramp for protecting seagrass at Lignumvitae Key State Park. Furthermore, they are funding the printing of new boating guides to help the public navigate the park's narrow boat channels and reduce impact. Overall, Coastal Resources Group Inc's mission is to preserve and enhance coastal ecosystems while informing the public about the importance of conservation efforts.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 38%, Zero-Star out of Four Star rating.
Coastal Resources Group Inc has received a low score of 38% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization's lack of independent board members and missing essential policies like conflict of interest and whistleblower protections have contributed to this rating. While the organization has documented board meeting minutes, its overall governance structure appears weak.
On a positive note, the organization has a high program expense ratio of 86.94%, suggesting that a significant portion of its funds are directed towards its programs rather than administrative costs. However, the liabilities to assets ratio of 92.65% raises concerns about financial stability, further emphasizing the need for improved management and transparency.
Overall, Coastal Resources Group Inc is facing serious challenges in governance and transparency, which are crucial for building trust with donors and the community. Addressing these issues could improve their standing and effectiveness in achieving their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Coastal Resources Group Inc legitimate?
Coastal Resources Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coastal Resources Group 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: $104,538
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Coastal Resources Group Inc?
Coastal Resources Group Inc's mission is centered around the restoration of native coastal habitats and educating others on efficient and effective methods of habitat restoration. They are actively working with the U.S. Army Corps of Engineers to develop projects funded by trust money, offsetting wetland impacts primarily in the Florida Keys. These projects aim to provide educational opportunities for visitors at Pennkamp State Park and Johnson Tract in Sugarloaf Key. Additionally, they conduct public meetings to educate residents about wetland conservation. They also fund educational signs at Lignumvitae Key State Park to protect seagrass and print new boating guides to help the public navigate the park's narrow boat channels, reducing impact.
Who is the CEO of Coastal Resources Group Inc?
Laura Flynn is the Pres/Treas/Director of Coastal Resources Group Inc.
What is the revenue of Coastal Resources Group Inc?
Coastal Resources Group Inc's revenue in 2022 was $367,207.
Who are the executives of Coastal Resources Group Inc and what are their salaries?
The average compensation at Coastal Resources Group Inc during 2022 was $52,269. There are 2 employees at Coastal Resources Group Inc.
Here are 2 key members and their salaries:
- Compensation: $92,050
- Related: $0
- Other: $0
- Compensation: $12,488
- Related: $0
- Other: $0
Where can I find the form 990 for Coastal Resources Group Inc?
Coastal Resources Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Coastal Resources Group Inc
Coastal Resources Group Inc, a mission-driven organization, is dedicated to restoring native coastal habitats and educating others on effective and efficient methods of habitat restoration. The group's primary focus is on projects funded by monies in trust to offset wetland impacts, particularly in the Florida Keys. Currently, they are planning for the addition of two new projects in the area for environmental restoration. These projects not only serve to restore the environment but also offer educational opportunities for visitors to Pennekamp State Park and Johnson Tract in Sugarloaf Key.
In addition to restoration efforts, Coastal Resources Group Inc also prioritizes public education. They are working with the U.S. Army Corps of Engineers to develop these projects and are committed to educating residents about wetland conservation through public meetings. Furthermore, they are funding educational signs at boat ramps to protect seagrass at Lignumvitae Key State Park and are planning to print new boating guides to help the public navigate the park's narrow boat channels and reduce impact.
In summary, Coastal Resources Group Inc is an organization that aims to restore and protect coastal habitats while also educating the public on the importance of these ecosystems and the best practices for preservation. Their efforts are focused on projects in the Florida Keys, with a strong emphasis on education and public outreach.
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Impact
June, 2024
Coastal Resources Group Inc's impact lies in its ongoing efforts to restore native coastal habitats and educate others about effective habitat restoration methods. Through collaborations with organizations like the U.S. Army Corps of Engineers, the organization is working to develop projects funded to offset wetland impacts in the Florida Keys. By funding educational initiatives, such as providing opportunities for visiting Pennekamp State Park and Johnson Tract in Sugarloaf Key, and organizing public meetings to educate residents about wetland conservation, Coastal Resources Group Inc is actively contributing to environmental conservation efforts. Additionally, their support for initiatives like printing new boating guides to assist with navigation in narrow boat channels aims to reduce human impact on coastal ecosystems. Through these activities, Coastal Resources Group Inc is making a tangible difference in protecting and restoring coastal habitats in Florida.
This information is meant to be a general summary of Coastal Resources Group 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: $277
- Program Service Revenue: $366,930
- Gross Receipts: $367,207
Assets and Liabilities:
- Total Assets: $3,272,757
- Total Liabilities: $3,032,362
- Net Assets: $240,395
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
KEYS RESTORATION PROGRAM
Revenue
$288,333
PELICAN ISLAND
Revenue
$24,437
GOODLAND DRIVE
Revenue
$36,300
FRUIT FARM CREEK
Revenue
$17,860
Organization Details
Founding Year
2004
Phone
(813) 230-0186Principal Officer
Laura Flynn
Main Address
11449 CALHOUN CT, VENICE, FL, 34293
NTEE Category
Code: C30 - Environment
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