OneReef Worldwide Stewardship

EIN: 464293324 501(c)(3) Animal-Related

Santa Cruz, CA

Total Revenue
$3,607,878
Total Expenses
$1,954,260
Total Assets
$3,586,568
Net Assets
$3,483,070
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
CA
Principal Officer
Christopher LaFranchi
Phone
4156027302
Tax Period
2023-01-01 to 2023-12-31

OneReef Worldwide Stewardship, founded in 2012, is a community nonprofit in the Animal-Related sector that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 46% operating margin.

Mission

OneReefs mission is to preserve and protect vibrant reefs and thriving communities by enabling local communities to protect 25% of coral reefs in Micronesia, through community/government partnerships, scientific guidance, and sustainable financing.

Program Service Accomplishments

Program 1
Expenses: $767,806

Regional Reef ProtectionThe Organization supports management programs across two countries in Micronesia by providing scientific, financial, and technical experience that local communities need to...

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Regional Reef ProtectionThe Organization supports management programs across two countries in Micronesia by providing scientific, financial, and technical experience that local communities need to protect their coral reefs and livelihoods. The Organizations formal community partnership agreements provide key assistance to communities for protection of more than 400,000 acres of coral reef. The Organization works closely with national governments, local leadership, and community groups to implement the Micronesia Challenge, a region-wide initiative to conserve 30% of the marine environment and 20% of terrestrial environment.

Program 2
Expenses: $435,703

Micronesia Capacity BuildingThe Organizations scalable model builds local capacity and expertise in Palau and the Federated States of Micronesia (FSM). It ensures that communities can sustainably...

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Micronesia Capacity BuildingThe Organizations scalable model builds local capacity and expertise in Palau and the Federated States of Micronesia (FSM). It ensures that communities can sustainably manage their reefs into the future. The Organizations high-capacity local staff provide key services such as management planning, enforcement trainings and certifications for conservation officers, and building community capacity to implement local and national conservation goals. The Organization operates under several Memoranda of Understanding with Palaus National Marine Sanctuary and Ministry of Justice. It works

Program 3
Expenses: $343,594

InnovationsThe Organizations Community Partnership Model effectively provides key services and trainings to communities. A key component of the scalable model provides innovative ways to reduce costs...

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InnovationsThe Organizations Community Partnership Model effectively provides key services and trainings to communities. A key component of the scalable model provides innovative ways to reduce costs and increase efficiency of the programs. In 2016, the Organization began work with the Scripps Institution of Oceanography to develop innovative reef imaging and visualization technology, which continues today. In 2017, the Organization piloted a marine monitor radar unit in Palau to support local enforcement efforts. The Organization continues to test and refine on-the-ground solutions that can help communities protect and monitor their reefs.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,552,637
Program Service Revenue $0
Investment Income $55,241
Other Revenue $0
TOTAL REVENUE $3,607,878

Expense Breakdown

Grants Paid $72,562
Salaries & Benefits $586,167
Fundraising Expenses $289,939
Program Expenses $1,547,103
Other Expenses $1,175,531
TOTAL EXPENSES $1,954,260

Year-over-Year Comparison

2023 2022 Change
Revenue $3,607,878 $2,122,200 +0.7%
Expenses $1,954,260 $1,315,641 +0.5%
Net Income $1,653,618 $806,559 +1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
7
Volunteers
8

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$170,167
Total Directors
7
$170,167
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christopher LaFranchi CEO 40.00
Officer Director
$170,167 $0 $170,167
Sharon Khan US Director 40.00
$144,083 $4,550 $148,633
John Dawson Board Chair 10.00
Officer Director
$0 $0 $0
Bernie Tershy Secretary 3.00
Officer Director
$0 $0 $0
Lida Teneva Treasurer 3.00
Officer Director
$0 $0 $0
Mary Jameson Board Member 2.00
Director
$0 $0 $0
Igor Korneitchouk Board Member 10.00
Director
$0 $0 $0
Patty Azzarello Board Member 3.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,607,878 $1,954,260 $3,586,568 $1,653,618
2022 $2,122,200 $1,315,641 $1,875,738 $806,559
2021 $1,504,316 $723,636 $1,038,471 $780,680
2020 $641,315 $583,766 $296,372 $57,549
2019 $588,214 $507,723 $197,934 $80,491
2018 $484,657 $439,805 $133,785 $44,852
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