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← CORAL WORLD OCEAN AND REEF INITIATIVE INC

Form 990 for tax year 2023

Filed by CORAL WORLD OCEAN AND REEF INITIATIVE INC.

What the amendment changed

Compared with the return it replaced , filed 6 February 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$648,070 changed to $1,319,515
Total expenses
$800,479 changed to $1,182,735
Contributions and grants received
$647,853 changed to $1,319,216
Grants paid
$0 changed to $13,950
Investment income
$217 changed to $299
Total assets, end of year
$119,813 changed to $134,524
Total liabilities, end of year
$307,414 changed to $32,936
Net assets or fund balances, end of year
-$187,601 changed to $101,588
Program services expenses
$787,208 changed to $1,060,451
Management and general expenses
$5,085 changed to $122,284
Fundraising expenses
$8,186 changed to $0
Program service expenses (Part III)
$787,208 changed to $1,060,451

Listed only on the earlier return

  • Robert L Kellar

Listed only on the later return

  • Robert L Keller

Totals

Total revenue
$1,319,515
Total expenses
$1,182,735
Contributions and grants received
$1,319,216
Grants paid
$13,950
Program service revenue
$0
Investment income
$299
Other revenue
$0
Total assets, end of year
$134,524
Total liabilities, end of year
$32,936
Net assets or fund balances, end of year
$101,588
Program services expenses (Part IX)
$1,060,451
Management and general expenses
$122,284
Fundraising expenses
$0
Program service expenses (Part III)
$1,060,451

Program services were 89.7% 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.

  • 1d · Related organizations

    $230,000

  • 1e · Government grants (contributions)

    $1,082,163

  • 1f · All other contributions, gifts and grants

    $7,053

  • 3 · Investment income

    total $299 · unrelated business $299

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,950 · program services $13,950

  • 7 · Other salaries and wages

    total $574,548 · program services $574,548

  • 9 · Other employee benefits

    total $55,379 · program services $55,379

  • 10 · Payroll taxes

    total $70,776 · program services $70,776

  • 11b · Fees: legal

    total $268 · management and general $268

  • 11c · Fees: accounting

    total $55,014 · management and general $55,014

  • 17 · Travel

    total $5,081 · program services $5,081

  • 22 · Depreciation, depletion and amortization

    total $12,903 · management and general $12,903

  • 23 · Insurance

    total $21,962 · program services $13,021 · management and general $8,941

  • 24a · Other expenses: Coral Nursery Expenses

    total $177,663 · program services $177,663

  • 24b · Other expenses: Rehabiliation & Veterinary

    total $29,093 · program services $29,093

  • 24c · Other expenses: Edu & Marketing Outreach

    total $11,262 · program services $11,262

  • 24d · Other expenses: Contract Services

    total $21,941 · program services $21,941

  • 24e · All other expenses

    total $132,895 · program services $87,737 · management and general $45,158

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,938 · end of year $23,285

  • 4 · Accounts receivable

    beginning of year $2,738 · end of year $768

  • 10a · Land, buildings and equipment: cost or other basis

    $137,558

  • 10b · Land, buildings and equipment: accumulated depreciation

    $27,087

  • 10c · Land, buildings and equipment, net

    beginning of year $123,374 · end of year $110,471

  • 17 · Accounts payable and accrued expenses

    beginning of year $210,242 · end of year $32,936

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$35,192 · end of year $101,588

Mission and programs · 2023

Mission

Conservation, Environmental Education, Coral Rescue and Restoration, Research and Rehabilitation of Marine Animals and Birds.

  • Conservation, Environmental Education, Coral Rescue and Restoration, Research and Rehabiliation of Marine Animals and Birds.

    Expenses $1,060,451

As filed on the 2023 return.

Listed in Part VII

  • John H Sterne Jr

    Director

    Total calculated
    $0
    Hours/week
    4

  • Gertrude J Prior

    Vice-Chairman Treasurer Dir

    Total calculated
    $0
    Hours/week
    6

  • Robert L Keller

    President Director

    Total calculated
    $0
    Hours/week
    10

  • Cornelius B Prior

    Chairman Secretary Director

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
10 February 2025
IRS schema version
2023v6.0
Source object
202540419349300509

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