Form 990 for tax year 2022
Filed by CORAL WORLD OCEAN AND REEF INITIATIVE INC.
Totals
- Total revenue
- $364,787
- Total expenses
- $638,290
- Contributions and grants received
- $364,503
- Grants paid
- $58,627
- Program service revenue
- $0
- Investment income
- $284
- Other revenue
- $0
- Total assets, end of year
- $175,050
- Total liabilities, end of year
- $210,242
- Net assets or fund balances, end of year
- -$35,192
- Program services expenses (Part IX)
- $596,981
- Management and general expenses
- $25,512
- Fundraising expenses
- $15,797
- Program service expenses (Part III)
- $596,981
Program services were 93.5% 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)
$359,004
-
1f · All other contributions, gifts and grants
$5,499
-
3 · Investment income
total $284 · unrelated business $284
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $58,627 · program services $58,627
-
7 · Other salaries and wages
total $242,729 · program services $242,729
-
9 · Other employee benefits
total $17,205 · program services $17,205
-
10 · Payroll taxes
total $22,591 · program services $22,591
-
11b · Fees: legal
total $2,283 · management and general $2,283
-
11c · Fees: accounting
total $2,430 · management and general $2,430
-
12 · Advertising and promotion
total $1,347 · management and general $1,347
-
13 · Office expenses
total $5,868 · management and general $5,868
-
19 · Conferences, conventions and meetings
total $3,117 · program services $3,117
-
22 · Depreciation, depletion and amortization
total $12,706 · program services $12,706
-
23 · Insurance
total $9,342 · program services $9,342
-
24a · Other expenses: Coral Nursery Expenses
total $130,619 · program services $130,619
-
24b · Other expenses: Rehabiliation & Veterinary
total $40,224 · program services $40,224
-
24c · Other expenses: Education Exp
total $2,488 · program services $1,988 · management and general $500
-
24d · Other expenses: Contract Services
total $25,033 · program services $25,033
-
24e · All other expenses
total $61,681 · program services $32,800 · management and general $13,084 · fundraising $15,797
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $184,688 · end of year $48,938
-
4 · Accounts receivable
end of year $2,738
-
10a · Land, buildings and equipment: cost or other basis
$137,558
-
10b · Land, buildings and equipment: accumulated depreciation
$14,184
-
10c · Land, buildings and equipment, net
beginning of year $129,922 · end of year $123,374
-
17 · Accounts payable and accrued expenses
beginning of year $76,299 · end of year $210,242
-
31 · Retained earnings, endowment or other funds
beginning of year $238,311 · end of year -$35,192
Mission and programs · 2022
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 $596,981
As filed on the 2022 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
- 2022
- Filed
- 12 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323179349301752
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