Overview
What is Reef Renewal Usa Inc?
Reef Renewal USA Inc, based in Tampa, Florida, is a nonprofit organization dedicated to preserving and revitalizing the coral reefs in the Florida Keys. They achieve this by growing corals in offshore nurseries located in Tavernier, Marathon, and Big Pine Key, and later planting them on target reefs. Their current restoration efforts span the Florida Keys Reef Tract, with a special focus on the Mission: ICONIC Reefs Initiative at Carysfort Reef, Molasses Reef, Conch Reef, Sombrero Reef, Looe Key, Newfound Harbor, and Eastern Dry Rocks. The organization emphasizes community engagement and encourages volunteers to take ownership of their precious coral reefs. Reef Renewal USA Inc is driven by action, results, and is committed to inspiring, educating, and empowering local communities.
Official website here: www.reefrenewalusa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Reef Renewal USA Inc has achieved an impressive rating of 96%, signifying a strong commitment to accountability and financial integrity. This score is derived solely from the Accountability & Finance beacon, reflecting the organization's transparency and responsible management of funds. The organization's financial practices are robust, with a high program expense ratio of 87.41%, indicating that a significant portion of its budget is allocated directly to its mission-related activities.
The organization benefits from an independent board, with 88% of its members being independent, which enhances its governance structure and decision-making processes. Additionally, Reef Renewal USA Inc has established comprehensive policies for conflict of interest, whistleblower protection, and document retention, further demonstrating its dedication to ethical practices. The absence of material diversion of assets underscores the integrity with which the organization operates.
While the overall rating is exceptionally high, it is important to note that the assessment focuses solely on financial accountability. This means that while the organization excels in governance and financial management, other aspects such as program effectiveness and impact are not evaluated in this particular score. Nonetheless, the strong financial health and transparency suggest that Reef Renewal USA Inc is well-positioned to effectively pursue its mission of marine restoration.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Reef Renewal Usa Inc?
Restoring the reef is an amazing feeling! According to two reviewers on Facebook, the mission of Reef Renewal USA Inc resonates well with those passionate about marine conservation. The positive sentiment is highlighted by a reviewer expressing a strong desire to get involved, suggesting a community-driven approach to their initiatives.
While there are only a couple of reviews available, they reflect enthusiasm and support for the organization's goals. This sentiment indicates that those who engage with Reef Renewal feel empowered and motivated to contribute to the vital work of reef restoration.
Overall, the initial impressions are promising, showcasing an organization that inspires action and fosters a sense of community involvement in marine conservation efforts.
This AI summary has been generated from reviews found on Facebook.
Is Reef Renewal Usa Inc legitimate?
Reef Renewal Usa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reef Renewal Usa 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: $47,339
For more financial information, click here
Official website here: www.reefrenewalusa.org
What is the mission statement of Reef Renewal Usa Inc?
Reef Renewal U.S.A. Inc aims to protect and restore endangered coral reefs through community engagement, education, and empowerment. The organization is driven by action and results, inspiring its supporters to take ownership of the precious coral reefs. Volunteers are engaged at various levels to implement effective strategies for coral restoration. The organization operates offshore coral nurseries in the Florida Keys, growing corals and transplanting them onto target reefs. Currently, restoration activities are focused throughout the Florida Keys Reef Tract, with a special emphasis on the Mission: Iconic Reefs Initiative at Carysfort Reef, Molasses Reef, Conch Reef, Sombrero Reef, Looe Key, Newfound Harbor, and Eastern Dry Rocks.
Official website here: www.reefrenewalusa.org
Who is the CEO of Reef Renewal Usa Inc?
Michael Echevarria is the President of Reef Renewal Usa Inc.
Official website here: www.reefrenewalusa.org
What is the revenue of Reef Renewal Usa Inc?
Reef Renewal Usa Inc's revenue in 2022 was $713,982.
Official website here: www.reefrenewalusa.org
Who are the executives of Reef Renewal Usa Inc and what are their salaries?
The average compensation at Reef Renewal Usa Inc during 2022 was $23,670. There are 2 employees at Reef Renewal Usa Inc.
Here are 5 key members and their salaries:
- Compensation: $4,810
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.reefrenewalusa.org
Where can I find the form 990 for Reef Renewal Usa Inc?
Reef Renewal Usa Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reefrenewalusa.org
Learn more at the official website: www.reefrenewalusa.org
Mission Statement of Reef Renewal Usa Inc
Reef Renewal USA Inc, a dedicated nonprofit organization, is committed to protecting and restoring endangered coral reefs, all while inspiring, educating, and empowering communities. The organization's mission is driven by action and results, working tirelessly to preserve the delicate underwater ecosystems that are home to a diverse range of marine life.
To achieve this goal, Reef Renewal USA operates offshore coral nurseries in the Florida Keys, located at Tavernier, Marathon, and Big Pine Key. These nurseries serve as vital breeding grounds for corals, growing them to a size suitable for transplantation onto target reefs. The organization's current restoration efforts span the length of the Florida Keys Reef Tract, with a particular focus on iconic reefs such as Carysfort Reef, Molasses Reef, Conch Reef, Sombrero Reef, Looe Key, Newfound Harbor, and Eastern Dry Rocks.
Reef Renewal USA places a strong emphasis on community involvement and volunteer participation. The organization encourages locals to take ownership of their precious coral reefs, inviting them to assist in various restoration activities. This approach not only helps to preserve the reefs but also fosters a sense of community pride and responsibility towards the environment.
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Impact
June, 2024
Reef Renewal USA Inc's impact is significant in the preservation and restoration of endangered coral reefs in the Florida Keys. By engaging volunteers and implementing effective strategies, the organization actively works towards protecting and restoring coral reefs. With a focus on growing corals in offshore nurseries and planting them on target reefs, Reef Renewal USA ensures that these vital ecosystems thrive. Their efforts, particularly on iconic reefs like Carysfort Reef, Molasses Reef, and Looe Key, are crucial in maintaining the health and biodiversity of the coral reefs in the region. The emphasis on community involvement and volunteer engagement further strengthens their impact in inspiring and empowering individuals to take ownership of protecting our precious coral reefs.
This information is meant to be a general summary of Reef Renewal Usa 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.
- Gross Receipts: $713,982
Assets and Liabilities:
- Total Assets: $628,787
- Total Liabilities: $149,564
- Net Assets: $479,223
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Organization Details
Founding Year
2019
Phone
(813) 245-3273Principal Officer
Michael Echevarria
Main Address
4002 W STATE STREET SUITE 200, TAMPA, FL, 33609
Website
www.reefrenewalusa.orgNTEE Category
Code: C32 - Environment
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