CITY ISLAND OYSTER REEF INC

EIN: 843304186 501(c)(3) Environment

BRONX, NY

Total Revenue
$527,157
Total Expenses
$226,581
Total Assets
$321,783
Net Assets
$297,861
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NY
Principal Officer
BARBARA ZAHM
Tax Period
2023-01-01 to 2023-12-31

CITY ISLAND OYSTER REEF INC, founded in 2019, is a small nonprofit in the Environment sector that reported $527K in total revenue in fiscal year 2023. Revenue surged 568% from the prior year, signaling strong growth momentum. The organization ran a surplus of $301K, a strong 57% operating margin.

Mission

CIORs mission is to restore the western Long Island Sound ecosystem in order to improve biodiversity, water quality, and coastal resilience by creating reefs of shells to encourage the population growth of the historically abundant oyster and other marine species around City Island. CIOR is building community awareness, promoting active stewardship, developing educational programs, collecting and sharing scientific data, promoting and supporting research, and collaborating with like-minded organizations to achieve this mission.

Program Service Accomplishments

Program 1
Expenses: $128,680

EDUCATION OUTREACH CIOR believes that engaging the community through educational initiatives is an important way to protect the environment into the future. We aim to educate the local community...

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EDUCATION OUTREACH CIOR believes that engaging the community through educational initiatives is an important way to protect the environment into the future. We aim to educate the local community about oysters and their place as a keystone species within Long Island Sounds rich biodiversity.

Program 2
Expenses: $88,514

OYSTER REEF CIOR has been funded to select two sites for oyster reefs from five potential locations around the island that were identified by an extensive survey of existing oyster populations around...

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OYSTER REEF CIOR has been funded to select two sites for oyster reefs from five potential locations around the island that were identified by an extensive survey of existing oyster populations around City Island. CIOR monitored the five sites and the data on oyster growth and mortality from those sessions was used to inform the selection of the two sites. The plans and designs for the oyster reefs at those sites are now being presented for sign off and permitting. Now that the two sites have been selected, specially engineered structures will be put in place, and cured shell material will be added in order to promote reef formation. In addition, CIOR has partnered with local City Island restaurants to collect their discarded shells in 32-gallon bins and bring them to a curing site at the Pelham Bay Landfill. The shells are placed on the grass-covered soil on top of one another to a height of two feet and regularly turned to provide sufficient airflow. No chemicals are used in the curing process, which takes up to twelve months.

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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 $527,157
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $527,157

Expense Breakdown

Grants Paid $10,005
Salaries & Benefits $60,953
Fundraising Expenses $6,212
Program Expenses $217,194
Other Expenses $155,623
TOTAL EXPENSES $226,581

Year-over-Year Comparison

2023 2022 Change
Revenue $527,157 $78,962 +5.7%
Expenses $226,581 $104,974 +1.2%
Net Income $300,576 $-26,012 -12.6%
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
7
Independent Members
7
Employees
4
Volunteers
N/A

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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIA CARUSO BOARD MEMBER 005.00
Director
$0 $0 $0
HAILEY CLANCY PHD BOARD MEMBER 010.00
Director
$0 $0 $0
ANN HENDERSON PHD BOARD MEMBER 005.00
Director
$0 $0 $0
SALLY PAGE CONNOLLY CHAIR 030.00
Officer
$0 $0 $0
MIKE CAREW VICE CHAIR 015.00
Officer
$0 $0 $0
BARBARA ZAHM PHD TREASURER 015.00
Officer
$0 $0 $0
BARBARA BURN DOLENSEK SECRETARY 010.00
Officer
$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 $527,157 $226,581 $321,783 $300,576
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