Totals
- Total revenue
- $3,607,878
- Total expenses
- $1,954,260
- Contributions and grants received
- $3,552,637
- Grants paid
- $72,562
- Program service revenue
- $0
- Investment income
- $55,241
- Other revenue
- $0
- Total assets, end of year
- $3,586,568
- Total liabilities, end of year
- $103,498
- Net assets or fund balances, end of year
- $3,483,070
- Program services expenses (Part IX)
- $1,547,103
- Management and general expenses
- $117,218
- Fundraising expenses
- $289,939
- Program service expenses (Part III)
- $1,547,103
Program services were 79.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$2,009,530
-
1f · All other contributions, gifts and grants
$1,543,107
-
1g · Noncash contributions included above
$700
-
3 · Investment income
total $2,027 · excluded $2,027
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $341,181
-
7b · Less cost or other basis and sales expenses
securities $287,967
-
7c · Gain or loss
securities $53,214
-
7d · Net gain or loss
total $53,214 · excluded $53,214
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $72,562 · program services $72,562
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $170,167 · program services $119,117 · management and general $17,017 · fundraising $34,033
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $327,109 · program services $251,299 · management and general $28,803 · fundraising $47,007
-
8 · Pension plan contributions
total $7,862 · program services $4,738 · management and general $1,902 · fundraising $1,222
-
9 · Other employee benefits
total $21,624 · program services $15,302 · management and general $2,107 · fundraising $4,215
-
10 · Payroll taxes
total $59,405 · program services $44,309 · management and general $9,189 · fundraising $5,907
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $475 · program services $475
-
11c · Fees: accounting
total $33,548 · management and general $33,548
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $120,000 · fundraising $120,000
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $793,920 · program services $730,446 · management and general $7,797 · fundraising $55,677
-
12 · Advertising and promotion
total $6,975 · program services $125 · fundraising $6,850
-
13 · Office expenses
total $67,126 · program services $57,399 · management and general $5,289 · fundraising $4,438
-
14 · Information technology
total $11,110 · program services $10,757 · management and general $53 · fundraising $300
-
15 · Royalties
total $0
-
16 · Occupancy
total $32,048 · program services $32,048
-
17 · Travel
total $164,477 · program services $153,426 · management and general $4,420 · fundraising $6,631
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $47,914 · program services $46,342 · management and general $334 · fundraising $1,238
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,871 · management and general $2,871
-
23 · Insurance
total $13,071 · program services $7,112 · management and general $3,588 · fundraising $2,371
-
24a · Other expenses: Dues and other charges
total $1,996 · program services $1,646 · management and general $300 · fundraising $50
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $54,050 · end of year $176,709
-
2 · Savings and temporary cash investments
beginning of year $950,485 · end of year $1,190,784
-
3 · Pledges and grants receivable
beginning of year $521,332 · end of year $2,174,505
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $282 · end of year $1,049
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $1,000 · end of year $10,059
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $8,927 · end of year $3,165
-
10a · Land, buildings and equipment: cost or other basis
$15,000
-
10b · Land, buildings and equipment: accumulated depreciation
$4,500
-
10c · Land, buildings and equipment, net
beginning of year $13,371 · end of year $10,500
-
11 · Investments: publicly traded securities
beginning of year $288,361 · end of year $394
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $37,930 · end of year $19,403
-
17 · Accounts payable and accrued expenses
beginning of year $8,355 · end of year $88,095
-
25 · Other liabilities
beginning of year $37,931 · end of year $15,403
-
27 · Net assets without donor restrictions
beginning of year $812,428 · end of year $1,020,801
-
28 · Net assets with donor restrictions
beginning of year $1,017,024 · end of year $2,462,269
Mission and programs · 2023
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.
Activities or mission (Part I)
Partner with island communities to combine traditional stewardship and modern resources to protect coral reefs.
-
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.
Expenses $767,806 · Grants $50,000
-
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
Expenses $435,703 · Grants $1,150
-
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.
Expenses $343,594 · Grants $21,412
As filed on the 2023 return.
Listed in Part VII
-
Christopher LaFranchi
CEO
- Total calculated
- $170,167
- From this org
- $170,167
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,167
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $170,167
-
Sharon Khan
US Director
- Total calculated
- $148,633
- From this org
- $144,083
- From related orgs
- $0
- Other
- $4,550
- Hours/week
- 40
-
John Dawson
Board Chair
- Total calculated
- $0
- Hours/week
- 10
-
Bernie Tershy
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Lida Teneva
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Mary Jameson
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Igor Korneitchouk
Board Member
- Total calculated
- $0
- Hours/week
- 10
-
Patty Azzarello
Board Member
- Total calculated
- $0
- Hours/week
- 3
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442629349301049
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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