Overview
What is Coral World Ocean And Reef Initiative Inc?
Coral World Ocean and Reef Initiative Inc, based in St. Thomas, Virgin Islands, is a dedicated nonprofit organization. Their primary focus is on conservation, environmental education, and the rescue, restoration, research, and rehabilitation of marine animals and birds. The organization's mission extends to coral rescue and restoration, aiming to preserve and protect the underwater ecosystems that are under threat. Additionally, they engage in educational programs, aiming to raise awareness and inspire action for the preservation of these vital marine habitats. With a strong commitment to their cause, Coral World Ocean and Reef Initiative Inc is an essential player in marine conservation efforts.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars (45%)
Coral World Ocean And Reef Initiative Inc has received a low score of 45% from Charity Navigator, resulting in a Zero-Star out of Four Star rating. This rating indicates significant concerns regarding the organization's accountability and financial management. The absence of independent board members and inadequate governance policies, such as missing a whistleblower policy and document retention practices, raise alarms about its operational transparency.
Despite some strengths, such as a solid program expense ratio and a perfect score for documenting board meeting minutes, the overall lack of independent oversight and financial accountability is concerning. Additionally, the organization has a high liability-to-assets ratio, which could pose risks to its sustainability and long-term effectiveness.
Overall, the data suggests that while Coral World Ocean And Reef Initiative Inc has some commendable aspects, the governance shortcomings and financial issues highlighted in the evaluation warrant careful consideration by potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Coral World Ocean And Reef Initiative Inc legitimate?
Coral World Ocean And Reef Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coral World Ocean And Reef Initiative 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: $242,729
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What is the mission statement of Coral World Ocean And Reef Initiative Inc?
The Coral World Ocean and Reef Initiative Inc is dedicated to the conservation and preservation of marine environments. Their mission encompasses education, coral rescue and restoration, research, and rehabilitation of various marine animals and birds. This organization aims to conduct studies and provide care for these creatures, as well as work towards the betterment of their habitats. In addition, they focus on educating the public about the importance of marine conservation and the need for its continued protection.
Who is the CEO of Coral World Ocean And Reef Initiative Inc?
Unavailable
What is the revenue of Coral World Ocean And Reef Initiative Inc?
Coral World Ocean And Reef Initiative Inc's revenue in 2022 was $364,787.
Who are the executives of Coral World Ocean And Reef Initiative Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Coral World Ocean And Reef Initiative Inc?
Coral World Ocean And Reef Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Coral World Ocean And Reef Initiative Inc
The Coral World Ocean and Reef Initiative Inc, a dedicated nonprofit organization, is committed to conservation, environmental education, coral rescue and restoration, research, and the rehabilitation of marine animals and birds. Their mission is geared towards preserving the delicate balance of marine ecosystems, while educating the public about the importance of these environments and the creatures that inhabit them. The organization conducts various activities aimed at rescuing and restoring coral reefs, which are crucial for maintaining the health of marine life and supporting biodiversity. Furthermore, the Coral World Ocean and Reef Initiative Inc engages in research and rehabilitation efforts for marine animals and birds, ensuring their survival and wellbeing in the face of environmental challenges. Through its work, this organization strives to create a sustainable future for marine life and the ecosystems they call home.
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Impact
June, 2024
Coral World Ocean And Reef Initiative Inc has made a significant impact through their conservation efforts, environmental education programs, coral rescue and restoration projects, and research and rehabilitation of marine animals and birds. Their work in St. Thomas has helped to protect and preserve marine ecosystems, increase awareness about environmental issues, and contribute to the sustainability of ocean life. By focusing on conservation, education, research, and rehabilitation, Coral World Ocean And Reef Initiative Inc is playing a crucial role in safeguarding the environment and promoting the well-being of marine life.
This information is meant to be a general summary of Coral World Ocean And Reef Initiative 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: $284
- Gross Receipts: $364,787
Assets and Liabilities:
- Total Assets: $175,050
- Total Liabilities: $210,242
- Net Assets: -$35,192
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Organization Details
Founding Year
2019
Main Address
6450 Coki Point, St Thomas, VI, 00802
NTEE Category
Code: C05 - Environment
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