Reefci Inc
- Assets
- $719.7k
- Revenue
- $985.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Hebron, KY
- Founding
- 01/2017
- Data as of
- 12/2022
- EIN
- 81-3337647
Organization Overview
Reefci Inc is located in Hebron, KY. The organization was established in 2017. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reefci 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 12/2022, Reefci Inc generated $985.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $744.2k during the year ending 12/2022. While expenses have increased by 13.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ULTIMATE GOAL IS TO UTILIZE SCIENTIFICALLY RESEARCHED BASED APPROACHESTO CONSERVE AND PROTECT FRAGILE MARINE ECOSYSTEMS, NAMELY CORAL REEFS. OURONGOING MARINE CONSERVATION PROJECTS INCLUDE: SPEARFISHING FOR THE INVASIVELIONFISH; REEF CHECK SURVERYS; QUEEN CONCH SURVEYS; CORAL WATCH DATACOLLECTIONS; LOBSTER SERVEYS; SEA TURTLE WATCH AND WHALE SHARK WATCH. WEGAIN A GREATER UNDERSTANDING OF THE OVERALL HEALTH OF REEF ECOSYSTEMS ANDDEVISE ACTION PLANS WHERE NEEDED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPEARFISHING FOR THE INVASIVE LIONFISH; REEF CHECK SURVEYS; QUEEN CONCH SURVEYS; CORAL WATCH DATA COLLECTION; LOBSTER SURVEYS; SEA TURTLE WATCH AND WHALE SHARK WATCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Saner Executive Dir. | Officer | 50 | $48,500 |
Debra Saner Treasurer | Officer | 20 | $0 |
Nicole Smith Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,417 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,417 |
| Total Program Service Revenue | $941,505 |
| Investment income | $32 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,181 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $985,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,500 |
| Compensation of current officers, directors, key employees. | $12,125 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,000 |
| Fees for services: Legal | $281 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,446 |
| Advertising and promotion | $145 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,777 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,251 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,981 |
| Insurance | $7,748 |
| All other expenses | $173,227 |
| Total functional expenses | $744,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $406,679 |
| Savings and temporary cash investments | $127,702 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,490 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $167,869 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $719,740 |
| Accounts payable and accrued expenses | $17,566 |
| Grants payable | $0 |
| Deferred revenue | $41,395 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $58,961 |
| Net assets without donor restrictions | $660,779 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $719,740 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Reefci Inc has recieved totaling $415.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $415 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greenacres Foundation Cincinnati, OH | $368,577,595 | $19,194,931 |
West Creek Conservancy Parma, OH | $2,888,241 | $8,563,674 |
James River Association Richmond, VA | $10,495,721 | $10,578,861 |
Restore Americas Estuaries Arlington, VA | $2,538,068 | $5,189,869 |
Association Of Illinois Soil & Water Conservation Districts Springfield, IL | $387,461 | $3,234,520 |
Cumberland River Compact Inc Nashville, TN | $19,056,025 | $3,153,928 |
Black Swamp Conservancy Perrysburg, OH | $12,036,158 | $4,862,475 |
Bond Madison Water Company Pocahontas, IL | $13,786,763 | $2,866,600 |
Stream And Wetlands Foundation Lancaster, OH | $51,161,691 | $6,506,063 |
Ozarks Environmental Services Kimberling City, MO | $1,364,072 | $2,517,937 |
Virgina Maritime Association Inc Norfolk, VA | $2,448,779 | $2,548,472 |
Living Lands & Waters East Moline, IL | $3,683,421 | $2,325,294 |