Overview
What is Reefci Inc?
Reefci Inc, based in Hebron, Kentucky, is a nonprofit organization committed to marine conservation. Their primary focus is on preserving fragile coral reef ecosystems, which they achieve through various ongoing projects. These initiatives include spearfishing to control invasive lionfish populations, conducting Reef Check surveys, monitoring queen conch populations, collecting data for Coral Watch, carrying out lobster surveys, and observing sea turtles and whale sharks. By gaining insights into the health of these ecosystems, they aim to develop effective action plans where necessary. With these scientifically-backed approaches, Reefci Inc is dedicated to the protection and conservation of marine life and their habitats.
Official website here: www.reefci.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 73% (Two-Star out of Four Star rating)
Reefci Inc has received a 73% rating from Charity Navigator, which signifies a Two-Star evaluation primarily based on its accountability and finance practices. The organization has demonstrated strengths in maintaining an independent board, as evidenced by having 100% independent members and a low liabilities to assets ratio, indicating financial stability. Additionally, the charity shows a strong commitment to program expenses, with a ratio of 94.55%, suggesting that a significant portion of its funds is directed toward its mission-driven activities.
While Reefci Inc's financial practices reflect a positive image, there are notable gaps in certain governance policies. Specifically, the organization lacks a conflict of interest policy and a whistleblower policy, which are critical for transparency and ethical compliance. These missing elements have impacted its overall score, highlighting areas for improvement that could enhance stakeholder trust and governance.
In summary, while Reefci Inc shows commendable financial management and accountability, the absence of essential governance policies presents limitations that could affect its long-term credibility and operational effectiveness. Addressing these gaps could not only elevate its rating but also strengthen its overall impact in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Reefci Inc legitimate?
Reefci Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reefci 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: $48,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.reefci.com
What is the mission statement of Reefci Inc?
Reefci Inc's mission is centered around the conservation and protection of delicate marine ecosystems, particularly coral reefs. Through scientific research, they conduct various marine conservation projects such as spearfishing invasive lionfish, Reef Check surveys, queen conch surveys, coral watch data collections, lobster surveys, sea turtle watch, and whale shark watch. Their goal is to gain a comprehensive understanding of the health of these ecosystems and devise necessary action plans. Their ongoing efforts aim to preserve and protect these fragile ecosystems for future generations.
Official website here: www.reefci.com
Who is the CEO of Reefci Inc?
Anthony Saner is the Executive Dir. of Reefci Inc.
Official website here: www.reefci.com
What is the revenue of Reefci Inc?
Reefci Inc's revenue in 2022 was $985,773.
Official website here: www.reefci.com
Who are the executives of Reefci Inc and what are their salaries?
There 804 volunteers at Reefci Inc.
Here are 3 key members and their salaries:
- Compensation: $48,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.reefci.com
Where can I find the form 990 for Reefci Inc?
Reefci Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reefci.com
Learn more at the official website: www.reefci.com
Mission Statement of Reefci Inc
Reefci Inc, a marine conservation organization, is dedicated to the protection and preservation of fragile marine ecosystems, particularly coral reefs. Their mission is to employ scientifically researched approaches in their conservation efforts. This encompasses a variety of ongoing projects, such as spearfishing to control the invasive lionfish population, reef check surveys, queen conch surveys, coral watch data collections, lobster surveys, sea turtle watch, and whale shark watch.
Through these projects, Reefci Inc aims to gain a comprehensive understanding of the health of reef ecosystems. With this knowledge, they develop and implement action plans where necessary to ensure the preservation of these vital marine habitats. Their ultimate goal is to conserve and protect coral reefs for future generations.
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Impact
June, 2024
Reefci Inc's impact lies in its dedication to utilizing scientifically researched approaches to conserve and protect fragile marine ecosystems, particularly coral reefs. Through spearfishing for the invasive lionfish, reef check surveys, queen conch surveys, coral watch data collections, lobster surveys, sea turtle watch, and whale shark watch, the organization gains a deeper understanding of the overall health of reef ecosystems. This knowledge allows Reefci Inc to devise action plans where necessary, contributing to the preservation of marine environments and the species that inhabit them.
This information is meant to be a general summary of Reefci 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: -$17,149
- Program Service Revenue: $941,505
- Gross Receipts: $1,002,954
Assets and Liabilities:
- Total Assets: $719,740
- Total Liabilities: $58,961
- Net Assets: $660,779
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CITIZEN SCIENTIST VOLUNTE
Revenue
$795,923
COURSE WORK
Revenue
$64,500
MARINE FEES
Revenue
$18,730
PADI ONLINE COURSE
Revenue
$23,708
SCUBA GEAR RENTAL
Revenue
$13,100
Organization Details
Founding Year
2016
Phone
(513) 334-9393Principal Officer
Anthony Saner
Main Address
2659 BETHLEHEM LANE, HEBRON, KY, 41048
Website
www.reefci.comNTEE Category
Code: C32 - Environment
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