Overview
What is Ocean Reef Community Foundation Inc?
Ocean Reef Community Foundation Inc is a Florida-based nonprofit organization located at 35 Ocean Reef Drive 148, Key Largo. Their primary mission is to support Code Section 501(C)(3) organizations and other not-for-profit entities in Ocean Reef and its surrounding area, as well as other charitable organizations. They are dedicated to promoting and enhancing responsible and effective philanthropy for the Ocean Reef community. The foundation boasts a small team of four employees, all working together to make a positive impact on their community.
Official website here: www.oceanreefcommunityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
Ocean Reef Community Foundation Inc has achieved an impressive score of 100%, indicating a high level of accountability and transparency in its operations. The foundation's excellence in financial management is highlighted by its perfect scores in various categories, including an independent board and effective oversight mechanisms. This strong financial health is reflected in its high program expense ratio, which suggests that most of the funds raised are directed towards its charitable initiatives rather than administrative costs.
User reviews further support the foundation's positive reputation, with donors praising its commitment to wisely allocating funds to vetted charities within the community. Feedback highlights the board's extensive experience, dedication, and the foundation's overall effectiveness in making a meaningful impact. This strong donor confidence contributes to the organization's credibility and trustworthiness within the nonprofit sector.
While the data presents a favorable view of Ocean Reef Community Foundation Inc, it is important to note that the summary reflects ratings and feedback as of the latest available information. Consequently, potential donors can feel reassured in their contributions based on the foundation's exemplary performance in financial accountability and strong community involvement.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Ocean Reef Community Foundation Inc legitimate?
Ocean Reef Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean Reef Community 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: $405,223
For more financial information, click here
Official website here: www.oceanreefcommunityfoundation.org
What is the mission statement of Ocean Reef Community Foundation Inc?
The Ocean Reef Community Foundation Inc is dedicated to fostering responsible and effective philanthropy among its members. Its mission is to support organizations and initiatives that positively impact the community and the surrounding area, as well as other charitable causes. By providing grants to Section 501(c)(3) organizations and other not-for-profit entities, the foundation enhances the community's social fabric and contributes to the greater good. Its efforts aim to create a lasting and positive impact on the lives of those who reside in the areas it serves.
Official website here: www.oceanreefcommunityfoundation.org
Who is the CEO of Ocean Reef Community Foundation Inc?
William J Nutt is the CEO of Ocean Reef Community Foundation Inc The CEO's salary of Ocean Reef Community Foundation Inc is $0 and their total compensation is $0.
Official website here: www.oceanreefcommunityfoundation.org
What is the revenue of Ocean Reef Community Foundation Inc?
Ocean Reef Community Foundation Inc's revenue in 2023 was $22,437,245.
Official website here: www.oceanreefcommunityfoundation.org
Who are the executives of Ocean Reef Community Foundation Inc and what are their salaries?
The average compensation at Ocean Reef Community Foundation Inc during 2023 was $101,306. There are 4 employees and 43 volunteers at Ocean Reef Community Foundation Inc.
Here are 26 key members and their salaries (Ocean Reef Community Foundation Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $134,132
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- Other: $23,629
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- Compensation: $99,188
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- Other: $19,107
Official website here: www.oceanreefcommunityfoundation.org
Where can I find the form 990 for Ocean Reef Community Foundation Inc?
Ocean Reef Community Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.oceanreefcommunityfoundation.org
Learn more at the official website: www.oceanreefcommunityfoundation.org
Mission Statement of Ocean Reef Community Foundation Inc
Ocean Reef Community Foundation Inc is a philanthropic organization dedicated to fostering responsible and effective charitable giving among its members. This nonprofit entity works tirelessly to promote and enhance philanthropy within the Ocean Reef community and beyond. Its mission is twofold: supporting organizations that benefit the local community and surrounding area, as well as other charitable initiatives.
By providing resources and assistance to Code Section 501(C)(3) organizations and other not-for-profit entities, Ocean Reef Community Foundation Inc plays a crucial role in enhancing the social fabric of the community it serves. The foundation's commitment to charitable giving extends beyond its own community, as it also supports various other worthy causes.
In essence, Ocean Reef Community Foundation Inc serves as a bridge between those who wish to make a difference and the organizations that need their support. Through its mission, it encourages and facilitates philanthropic endeavors, ultimately enriching the lives of many and contributing to a more compassionate and caring society.
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Impact
October, 2024
Ocean Reef Community Foundation Inc. has a significant impact through its dedication to fostering responsible and effective philanthropy among the Ocean Reef community members. By supporting various organizations under Code Section 501(c)(3), it strengthens the philanthropic landscape in Key Largo, Florida, and the surrounding areas. The foundation not only enhances charitable efforts but also ensures that resources are directed towards initiatives that benefit the community's well-being and development.
Through its commitment to collaboration and community support, the foundation plays a vital role in addressing the unique needs of Ocean Reef, empowering residents to engage in meaningful giving, and contributing to the overall vitality of the region. Its focus on promoting effective philanthropy encourages a culture of generosity and service, making a lasting difference in the lives of local residents and organizations.
This information is meant to be a general summary of Ocean Reef Community 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 2023.
- Investment Income: $1,251,696
- Gross Receipts: $30,685,114
Assets and Liabilities:
- Total Assets: $74,889,001
- Total Liabilities: $21,051,666
- Net Assets: $53,837,335
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Organization Details
Founding Year
1994
Principal Officer
Richard Weinstein
NTEE Category
Code: T70 - Philanthropy
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