Overview
What is Homosassa River Restoration Project Inc?
Homosassa River Restoration Project Inc is a nonprofit organization based in Homosassa, Florida, with a mission to revitalize the Homosassa River ecosystem. Through their restoration efforts, they have managed to clean up 23.69 acres of the river, removing an impressive 120 million pounds of muck. The project, now in its second season, has also seen the installation of over 1060 eelgrass plants as part of their herbivory devices. Beyond physical restoration, the organization is committed to exploring and implementing existing and future technologies to ensure the river's ongoing sustainability. The ultimate goal is to restore the Homosassa River to a vibrant, diverse habitat for the creatures that call it home.
Official website here: www.homosassariverrestorationproject.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Homosassa River Restoration Project Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that while the organization demonstrates strong accountability and finance practices, there are significant areas needing improvement. It scored well in aspects such as having a majority of independent board members and financial statements being audited, which reflects positive governance and oversight.
However, the nonprofit has notable deficiencies, including the absence of a whistleblower policy and a document retention and destruction policy, which are important for transparency and accountability. Additionally, the organization faces challenges with its liabilities to assets ratio, which could raise concerns regarding financial stability.
On a positive note, the project has a high program expense ratio, suggesting that a substantial portion of its funding is directed towards its mission-related activities. Overall, while the organization shows strengths in governance and program spending, it must address its policy gaps and financial ratios to enhance its rating further and improve trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Homosassa River Restoration Project Inc legitimate?
Homosassa River Restoration Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homosassa River Restoration Project 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.
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Official website here: www.homosassariverrestorationproject.com
What is the mission statement of Homosassa River Restoration Project Inc?
The Homosassa River Restoration Project Inc is dedicated to preserving the Homosassa River ecosystem and its diverse wildlife. Their primary goal is to restore the river to a vibrant state, and they aim to achieve this through various restoration activities and the application and instruction of existing and future technologies. As of November 15, 2023, Phase 1 of the project has been completed, with 23.69 acres restored, 120 million lbs of muck removed, and 1060 Grow SAV herbivory devices installed, along with 130,445 eelgrass plants.
Official website here: www.homosassariverrestorationproject.com
Who is the CEO of Homosassa River Restoration Project Inc?
Stephen Minguy is the Director of Homosassa River Restoration Project Inc.
Official website here: www.homosassariverrestorationproject.com
What is the revenue of Homosassa River Restoration Project Inc?
Homosassa River Restoration Project Inc's revenue in 2022 was $3,993,010.
Official website here: www.homosassariverrestorationproject.com
Who are the executives of Homosassa River Restoration Project Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.homosassariverrestorationproject.com
Where can I find the form 990 for Homosassa River Restoration Project Inc?
Homosassa River Restoration Project Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homosassariverrestorationproject.com
Learn more at the official website: www.homosassariverrestorationproject.com
Mission Statement of Homosassa River Restoration Project Inc
The Homosassa River Restoration Project Inc is dedicated to the revitalization of the Homosassa River ecosystem and the protection of its diverse wildlife. Their mission is to restore the river to a vibrant, thriving state, employing existing and future technologies in the process.
To achieve this goal, the organization has undertaken a series of restoration projects. As of November 15, 2023, they have completed Phase 1 of their project, having restored 23.69 acres of the river and removed an impressive 120 million pounds of muck. Furthermore, they have installed over 1060 Grow Sav herbivory devices and planted 130,445 eelgrass plants.
In summary, the Homosassa River Restoration Project Inc is a dedicated organization working tirelessly to restore the Homosassa River to its former glory, ensuring the ongoing sustainability of the ecosystem and the well-being of the creatures that call it home. Their efforts encompass both the physical restoration of the river and the application and instruction of various technologies to ensure the success of their mission.
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Impact
June, 2024
Homosassa River Restoration Project Inc's impact can be seen in the restoration work they have carried out on the Homosassa River. By restoring 23.69 acres of the river and removing 120 million pounds of muck, they have significantly improved the ecosystem's health. Additionally, installing 1,060 grow sav herbivory devices and planting 130,445 eelgrass plants has helped enhance the biodiversity of the area. Their efforts demonstrate a commitment to restoring the Homosassa River to a vibrant and diverse ecosystem, benefiting the creatures that inhabit it and ensuring its ongoing sustainability.
This information is meant to be a general summary of Homosassa River Restoration Project 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: $700
- Gross Receipts: $3,997,573
Assets and Liabilities:
- Total Assets: $322,684
- Total Liabilities: $271,765
- Net Assets: $50,919
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Organization Details
Founding Year
2017
Phone
(407) 832-1598Principal Officer
Stephen Minguy
Main Address
4088 S WASHINGTON STREET, HOMOSASSA, FL, 34448
NTEE Category
Code: C30 - Environment
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