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 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.

Program Service Accomplishments

Program 1
Expenses: $1,993,333

IN 2023, REEF CONTINUED TO PROTECT MARINE ENVIRONMENTS THROUGH EDUCATION, SERVICE AND RESEARCH. REEF PROVIDES EDUCATION AND OUTREACH ACTIVITIES TO BUILD AND INSPIRE A COMMUNITY OF OCEAN STEWARDS. THE...

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IN 2023, REEF CONTINUED TO PROTECT MARINE ENVIRONMENTS THROUGH EDUCATION, SERVICE AND RESEARCH. REEF PROVIDES EDUCATION AND OUTREACH ACTIVITIES TO BUILD AND INSPIRE A COMMUNITY OF OCEAN STEWARDS. THE REEF CAMPUS IN KEY LARGO FL SERVES AS A VISITORS CENTER TO EDUCATE AND ENGAGE THE PUBLIC WITH MARINE CONSERVATION. WE ALSO CONDUCT ONLINE PROGRAMMING SUCH AS WEBINARS AND OTHER INTERACTIVE CONTENT. WE CONDUCT IN-PERSON PROGRAMMING LED BY REEF STAFF AS WELL AS THE WIDE NETWORK OF PARTNERS INCLUDING DIVE SHOPS AND CLUBS, NATURE CENTERS, AND PUBLIC AQUARIA. PUBLIC ENGAGEMENT WITH CONSERVATION IS ALSO FULFILLED THROUGH THE VOLUNTEER FISH SURVEY PROJECT, REGARDED AS ONE OF THE MOST EFFECTIVE AND POWERFUL OCEAN CITIZEN SCIENCE PROGRAMS. IT GIVES DIVERS AND SNORKELERS AN ENGAGING AND MEANINGFUL WAY TO SUPPORT MARINE CONSERVATION. PARTICIPANTS SCUBA DIVE AND SNORKEL TO COLLECT AND REPORT INFORMATION ON MARINE FISH POPULATIONS AS WELL AS SEA TURTLES AND SELECT INVERTEBRATE AND ALGAE SPECIES. THIS DATA IS USED TO BETTER UNDERSTAND AND PROTECT OCEAN ECOSYSTEMS WORLDWIDE. FISHERIES PROTECTIONS AROUND THE WORLD DEPEND ON HIGH-QUALITY DATA. WITH REEF DATA, SUBMITTED BY CITIZEN SCIENTISTS, RESEARCHERS ARE MAKING EXCITING DISCOVERIES ABOUT MARINE ECOSYSTEMS, AND POLICYMAKERS HAVE MORE INFORMATION TO REFINE CONSERVATION EFFORTS. VOLUNTEERS COLLECT AND SUBMIT DATA ON MARINE LIFE SIGHTINGS. IT HAS GENERATED THE LARGEST MARINE LIFE SIGHTINGS DATABASE, AN UNPARALLELED SOURCE OF INFORMATION THAT PROVIDES INVALUABLE INSIGHT INTO THE HEALTH, STATUS, AND THREATS OF OCEAN HABITATS AND ANIMALS.

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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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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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