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Nonprofiteer
← REEFS UNKNOWN INC

Form 990 for tax year 2024

Filed by REEFS UNKNOWN INC.

Totals

Total revenue
$507,852
Total expenses
$20,944
Contributions and grants received
$457,540
Grants paid
$0
Program service revenue
$0
Investment income
$50,312
Other revenue
$0
Total assets, end of year
$1,493,656
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,493,656
Program services expenses (Part IX)
$6,744
Management and general expenses
$14,200
Fundraising expenses
$0
Program service expenses (Part III)
$6,744

Program services were 32.2% 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.

  • 1f · All other contributions, gifts and grants

    $457,540

  • 3 · Investment income

    total $50,312 · excluded $50,312

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $13,488 · program services $6,744 · management and general $6,744

  • 22 · Depreciation, depletion and amortization

    total $2,514 · management and general $2,514

  • 23 · Insurance

    total $4,942 · management and general $4,942

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $987,030 · end of year $1,272,149

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

    $20,045

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

    $4,484

  • 10c · Land, buildings and equipment, net

    beginning of year $14,213 · end of year $15,561

  • 11 · Investments: publicly traded securities

    end of year $205,946

  • 27 · Net assets without donor restrictions

    beginning of year $1,001,243 · end of year $1,493,656

Mission and programs · 2024

Mission

TO PERFORM SCIENTIFIC RESEARCH AND EDUCATIONAL OUTREACH ON THE MARINE ENVIRONMENTS OF SENSITIVE AND LESSER KNOWN DEEP CORAL REEFS, AND IMPLEMENT OUTREACH AND EDUCATION PROGRAMS TO INCREASE AWARENESS AND UNDERSTANDING OF THESE UNUSUAL MARINE ECOSYSTEMS.

  • VIRTUAL REALITY (VR) EXPLORATION OF DEEP MESOPHOTIC CORAL REEFS:ALTHOUGH THE PUBLIC IS FAMILIAR WITH THE EXISTENCE OF THESE REEFS AS RICH FISHING GROUNDS, FEW HAVE ANY IDEA WHAT THEY ACTUALLY LOOK LIKE. USING SCUBA EQUIPMENT AND A SPECIAL VIRTUAL REALITY CAMERA, REEFS UNKNOWN WILL CREATE VR VIDEOS FOR EDUCATIONAL USE TO SHOW THIS REMARKABLE AND UNFAMILIAR ECOSYSTEM TO STUDENTS OF VARIOUS AGES. THE DIVES WILL BE CONDUCTED PRIMARILY BY FOUNDERS VIKTOR BRANDTNERIS AND SARAH HEIDMANN. WE COLLABORATED WITH PARTNERS IN THE BRITISH VIRGIN ISLANDS TO CREATE 3D MODELS OF CORAL REEFS AND HISTORIC SHIPWRECKS IN BVI WATERS. THOSE MODELS ARE BEING USED BOTH FOR SCIENTIFIC RESEARCH AS WELL AS IN VIRTUAL REALITY AS OUTREACH TO THE PUBLIC AND STAKEHOLDERS.

    Expenses $6,744

  • Withheld by Nonprofiteer: this text may name a private individual.

  • Withheld by Nonprofiteer: this text may name a private individual.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Viktor Brandtneris

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Sarah Heidmann

    VICE PRESIDENT & BOARD CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Andrew Hemmert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristin Rasmussen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sara Dent

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
8 May 2025
IRS schema version
2024v5.1
Source object
202531339349304413

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