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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.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 10 February 2025. 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
$648,070
Total expenses
$800,479
Contributions and grants received
$647,853
Grants paid
$0
Program service revenue
$0
Investment income
$217
Other revenue
$0
Total assets, end of year
$119,813
Total liabilities, end of year
$307,414
Net assets or fund balances, end of year
-$187,601
Program services expenses (Part IX)
$787,208
Management and general expenses
$5,085
Fundraising expenses
$8,186
Program service expenses (Part III)
$787,208

Program services were 98.3% 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)

    $646,727

  • 1f · All other contributions, gifts and grants

    $1,126

  • 3 · Investment income

    total $217 · unrelated business $217

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $431,895 · program services $431,895

  • 9 · Other employee benefits

    total $33,226 · program services $33,226

  • 10 · Payroll taxes

    total $39,203 · program services $39,203

  • 13 · Office expenses

    total $3,935 · management and general $3,935

  • 14 · Information technology

    total $1,150 · management and general $1,150

  • 22 · Depreciation, depletion and amortization

    total $10,001 · program services $10,001

  • 23 · Insurance

    total $8,389 · program services $8,389

  • 24a · Other expenses: Coral Nursery Expenses

    total $102,816 · program services $102,816

  • 24b · Other expenses: Rehabiliation & Veterinary

    total $14,468 · program services $14,468

  • 24c · Other expenses: Contract Services

    total $50,438 · program services $50,438

  • 24d · Other expenses: Supplies

    total $12,349 · program services $12,349

  • 24e · All other expenses

    total $92,609 · program services $84,423 · fundraising $8,186

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,938 · end of year $3,533

  • 4 · Accounts receivable

    beginning of year $2,738 · end of year $2,907

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

    $137,558

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

    $24,185

  • 10c · Land, buildings and equipment, net

    beginning of year $123,374 · end of year $113,373

  • 17 · Accounts payable and accrued expenses

    beginning of year $210,242 · end of year $307,414

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$35,192 · end of year -$187,601

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 $787,208

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 Kellar

    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
6 February 2024
IRS schema version
2023v4.0
Source object
202420379349301227

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