REEF ENVIRONMENTAL EDUCATION FOUNDATION

EIN: 650270064 501(c)(3) Recreation & Sports

KEY LARGO, FL

Total Revenue
$5,289,713
Total Expenses
$2,282,127
Total Assets
$6,905,587
Net Assets
$6,279,474
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
DE
Principal Officer
JAMES P DALLE PAZZE ESQ
Phone
3058520030
Tax Period
2024-01-01 to 2024-12-31

REEF ENVIRONMENTAL EDUCATION FOUNDATION, founded in 1990, is a community nonprofit in the Recreation & Sports sector that reported $5.3M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 57% operating margin.

Mission

REEF ENVIRONMENTAL EDUCATION FOUNDATION (REEF) WAS ESTABLISHED AS A NONPROFIT ORGANIZATION IN 1990. REEF CONSERVES MARINE ENVIRONMENTS WORLDWIDE. OUR MISSION IS TO PROTECT BIODIVERSITY AND OCEAN LIFE BY ACTIVELY ENGAGING AND INSPIRING THE PUBLIC THROUGH CITIZEN SCIENCE, EDUCATION, AND PARTNERSHIPS WITH THE SCIENTIFIC COMMUNITY. REEF CONNECTS OCEAN ENTHUSIASTS AND THE DIVE COMMUNITY WITH SCIENTISTS AND RESOURCE MANAGERS THROUGH DATA COLLECTION ACTIVITIES AND EDUCATION INITIATIVES. THE REEF CAMPUS IN KEY LARGO, FL SERVES AS A VISITORS CENTER FOR EDUCATION AND OUTREACH TO THE PUBLIC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,449,863
Program Service Revenue $815,582
Investment Income $17,741
Other Revenue $6,527
TOTAL REVENUE $5,289,713

Expense Breakdown

Grants Paid $0
Salaries & Benefits $829,195
Fundraising Expenses $93,661
Program Expenses $1,993,333
Other Expenses $1,452,932
TOTAL EXPENSES $2,282,127

Year-over-Year Comparison

2024 2023 Change
Revenue $5,289,713 $3,314,420 +0.6%
Expenses $2,282,127 $2,078,476 +0.1%
Net Income $3,007,586 $1,235,944 +1.4%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
17
Volunteers
972

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
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BYRON BISHOP TRUSTEE 2.00
Director
$0 $0 $0
MARTA HILTON BONATZ CHAIR 2.00
Officer Director
$0 $0 $0
JANET CAMP VICE CHAIR 2.00
Officer Director
$0 $0 $0
ANNA DELOACH TRUSTEE 2.00
Director
$0 $0 $0
NED DELOACH TRUSTEE/CO-F 2.00
Director
$0 $0 $0
TAMSEN DEWITT TRUSTEE 2.00
Director
$0 $0 $0
JAMES P DALLE PAZZE ESQ TREASURER 2.00
Officer Director
$0 $0 $0
MARY MCCOMBIE PHD SECRETARY 2.00
Officer Director
$0 $0 $0
SCOTT HEPPELL PHD TRUSTEE 2.00
Director
$0 $0 $0
CHUN WRIGHT TRUSTEE 2.00
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 $5,289,713 $2,282,127 $6,905,587 $3,007,586
2023 $3,314,420 $2,078,476 $3,680,444 $1,235,944
2022 $1,844,934 $1,762,259 $2,706,224 $82,675
2021 $1,900,215 $1,207,986 $2,620,574 $692,229
2020 $902,238 $855,720 $1,640,592 $46,518
2018 $1,664,001 $1,700,186 $1,391,590 $-36,185
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