Ocean Reef Foundation Inc

Organization Overview

Ocean Reef Foundation Inc is located in Key Largo, FL. The organization was established in 1996. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 10/2020, Ocean Reef Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Reef Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 10/2020, Ocean Reef Foundation Inc generated $11.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $10.5m during the year ending 10/2020. While expenses have increased by 6.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Ocean Reef Foundation Inc has awarded 509 individual grants totaling $44,105,664. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE AND ENHANCE RESPONSIBLE AND EFFECTIVE PHILANTHROPY FOR MEMBERS OF THE OCEAN REEF COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE SUPPORT FOR CODE SECTION 501(C)(3) ORGANIZATIONS AND OTHER NOT FOR PROFIT ORGANIZATIONS THAT BENEFIT THE COMMUNITY OF OCEAN REEF AND THE SURROUNDING AREA, AS WELL AS OTHER CHARITABLE ORGANIZATIONS.


TO PROVIDE SUPPORT FOR CODE SECTION 501(C)(3) ORGANIZATIONS AND OTHER NOT FOR PROFIT ORGANIZATIONS THAT BENEFIT THE COMMUNITY OF OCEAN REEF AND THE SURROUNDING AREA, AS WELL AS OTHER QUALIFIED CHARITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Yurianna Mikolay
Secretary
$88,760
Michael Berman
Vice Preside
$0
Tom Davidson
Vice Preside
$0
Alan Goldstein
Chairman Eme
$0
Ken Karl
Treasurer
$0
Steven Markel
President
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$12,029,164
Investment income $328,680
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $100,563
Net Income from Fundraising Events -$967,680
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,490,995

Grants Awarded

Over the last fiscal year, Ocean Reef Foundation Inc has awarded $10,056,518 in support to 124 organizations.

Grant RecipientAmount

OCEAN REEF MEDICAL CENTER FOUNDATIO

Org PageRecipient Profile

Key Largo, FL

PURPOSE: COMMUNITY GRANT

$1,540,949

FLORIDA KEYS EDUCATIONAL FOUNDATION

Org PageRecipient Profile

Key West, FL

PURPOSE: EDUCATION

$1,010,000

OCEAN REEF CULTURAL CENTER

PURPOSE: COMMUNITY CULTURE

$953,513

ACADEMY AT OCEAN REEF

Org PageRecipient Profile

Key Largo, FL

PURPOSE: SOCIAL SERVICE

$515,221

VERITAS CLASSICAL CHRISTIAN SCHOOL

Org PageRecipient Profile

Richmond, VA

PURPOSE: EDUCATION

$500,000

OCEAN REEF CONSERVATION ASSOCIATIO

Org PageRecipient Profile

Key Largo, FL

PURPOSE: CONSERVATION

$363,892
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Ocean Reef Foundation Inc has recieved totaling $453,935.

Awarding OrganizationAmount
Farmer Family Foundation

Cincinnati, OH

PURPOSE: EXEMPT PURPOSE OF ORGANIZATION

$102,500
Robert B Daugherty Foundation

Omaha, NE

PURPOSE: PROGRAM SUPPORT

$100,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$97,435
National Christian Charitable Foundation Inc

Alpharetta, GA

PURPOSE: SUPPORT

$31,000
Hamilton Community Foundation Inc

Hamilton, OH

PURPOSE: GENERAL/OPERATING

$25,000
The New Horizons Foundation Inc

Colorado Springs, CO

PURPOSE: PROGRAM SUPPORT

$25,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$16,181,535
Earnings-$166,201
Admin Expense$1,208,308
Net Contributions$8,669,849
Grants$6,933,657
Ending Balance$16,543,218

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