Overview
What is Plant A Million Corals Foundation Inc?
Plant A Million Corals Foundation Inc is a nonprofit organization based in Summerland Key, Florida, dedicated to preserving coral reefs. They aim to revolutionize ocean conservation by focusing on restoration, technology, demonstration, training, education, and outreach. The foundation has received a total grant of $250,000 in 2021 and 2022, with no revenue generated from the project in 2022. They have initiated the development of a land-based nursery on Summerland Key, using innovative, off-grid solar-powered technology to cultivate corals on a large scale. This is crucial as there are currently no large-scale systems in demonstration for the production of corals. The nursery serves as a platform for education, with public education materials developed and schools visiting both in person and virtually. Volunteer educators have been identified to help develop and implement an education plan. Corals are being grown to reach a size suitable for micro-fragmentation. The foundation has also met with donors and is looking forward to continued support in their mission to save our coral reefs.
Official website here: www.plantamillioncorals.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star Rating
Plant A Million Corals Foundation Inc has received a commendable Three-Star rating from Charity Navigator, reflecting a strong overall performance with an 85% score. The organization demonstrates effective accountability and finance practices, highlighted by an 81% score in this category. Additionally, it boasts an impressive 100% in leadership and adaptability, showcasing its capacity to evolve and respond to challenges within its mission to enhance coral production.
The foundation excels in impact measurement, scoring 90%, which indicates a robust approach to assessing its outcomes and effectiveness. With a program expense ratio of 84.01%, a majority of its spending is directed towards its mission-related activities, further underscoring its commitment to coral conservation. The board composition is predominantly independent, contributing to the transparency and governance of the organization.
However, there are some noted limitations, including the absence of the tax form on the nonprofit's website and a lower score of 26 out of 28 for program planning and design. While the organization has established policies for conflict of interest and whistleblower protection, the lack of publicly accessible financial documentation could hinder transparency for potential donors. Overall, the foundation's strategic goal of increasing coral production capacity reflects a forward-thinking approach to environmental conservation.
This AI summary has been generated from information found on Charity Navigator.
Is Plant A Million Corals Foundation Inc legitimate?
Plant A Million Corals Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Plant A Million Corals 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: $201,185
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,107
For more financial information, click here
Official website here: www.plantamillioncorals.org
What is the mission statement of Plant A Million Corals Foundation Inc?
The Plant A Million Corals Foundation Inc's mission is centered around preserving ocean health, primarily by restoring coral reefs. They aim to achieve this through various means, including technology, demonstration, training, education, and outreach. The organization also seeks to empower supporters to actively participate in their mission. Their work includes the development of land-based nurseries for large-scale coral production, which is essential for reef conservation efforts. The nurseries are designed to run off-grid, using solar power, and are currently in the process of growing corals for micro-fragmentation. The Foundation also focuses on public education, collaborating with volunteer educators to develop and implement an education plan.
Official website here: www.plantamillioncorals.org
Who is the CEO of Plant A Million Corals Foundation Inc?
Donna M Vaughan is the President & Ceo of Plant A Million Corals Foundation Inc. The CEO's salary of Plant A Million Corals Foundation Inc is $119,583 and their total compensation is $119,583.
Official website here: www.plantamillioncorals.org
What is the revenue of Plant A Million Corals Foundation Inc?
Plant A Million Corals Foundation Inc's revenue in 2022 was $702,370.
Official website here: www.plantamillioncorals.org
Who are the executives of Plant A Million Corals Foundation Inc and what are their salaries?
The average compensation at Plant A Million Corals Foundation Inc during 2022 was $46,458. There are 5 employees and 8 volunteers at Plant A Million Corals Foundation Inc.
Here are 6 key members and their salaries (Plant A Million Corals Foundation Inc's CEO's salary is $119,583 and their total compensation is $119,583):
- Compensation: $119,583
- Related: $0
- Other: $0
- Compensation: $47,069
- Related: $0
- Other: $0
- Compensation: $34,532
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.plantamillioncorals.org
Where can I find the form 990 for Plant A Million Corals Foundation Inc?
Plant A Million Corals Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.plantamillioncorals.org
Learn more at the official website: www.plantamillioncorals.org
Mission Statement of Plant A Million Corals Foundation Inc
The Plant A Million Corals Foundation Inc is a nonprofit organization dedicated to the preservation of coral reefs. Its mission is to reverse the decline of our oceans by restoring coral reefs through various means, including technology, demonstration, training, education, and outreach. The organization aims to provide a platform for supporters to join in this mission.
To achieve this, the Foundation is currently developing a land-based nursery on Summerland Key, Florida. This nursery serves as a demonstration of large-scale coral production, a crucial step towards saving our reefs as there are currently no such systems in use. The nursery is designed to be self-sustaining, operating off-grid and powered by solar energy, with minimal reliance on city water.
The Foundation's efforts extend beyond the nursery. It has initiated public education programs, some of which have already been visited by schools, both in person and virtually. Volunteer educators have been identified to help develop and refine the educational plan. Additionally, corals have been placed in the system to grow large enough for micro-fragmentation, a process that allows for the creation of many smaller corals from a single large one.
The Foundation has also secured funding for its projects, having received a total of $250,000 in 2021 and 2022. It continues to seek support from donors for its mission to save our coral reefs.
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Impact
July, 2024
Plant A Million Corals Foundation Inc is making a significant impact in the conservation of coral reefs through its innovative approaches and dedication to saving our oceans. With a focus on restoration, technology, demonstration, training, education, and outreach, the foundation has received substantial support, including grants totaling $150,000 in 2021 and 2022.
One key project involves the development of a land-based nursery on Summerland Key, FL, aimed at demonstrating large-scale coral production for reef restoration. This nursery operates entirely off-grid, powered by solar energy and designed to operate independently of city water sources. By cultivating corals for out planting and engaging in public education initiatives, the foundation is actively working towards its mission of reversing the decline of coral reefs.
Through collaborations with donors, the foundation has laid the groundwork for continued support and growth. By engaging volunteers, educators, and schools, Plant A Million Corals Foundation Inc is not only restoring coral populations but also raising awareness and fostering community involvement in safeguarding our marine ecosystems. Their commitment to saving coral reefs is evident in their hands-on approach and forward-thinking strategies.
This information is meant to be a general summary of Plant A Million Corals 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 2022.
- Program Service Revenue: $1,200
- Gross Receipts: $702,370
Assets and Liabilities:
- Total Assets: $687,014
- Total Liabilities: $2,705
- Net Assets: $684,309
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Workshop Revenue
Revenue
$1,200
Organization Details
Founding Year
2018
Phone
(772) 216-0359Principal Officer
Donna M Vaughan
Main Address
24215 Caribbean Dr W, Summerland Key, FL, 33042
Website
www.plantamillioncorals.orgNTEE Category
Code: C32 - Environment
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