Fish Reef Project EIN 45-2587074

Fish Reef Project

EIN  45-2587074 Public charity (501(c)(3)) Santa Barbara, CA Founded 2011
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
an environmental nonprofit
Leadership
Chris Goldblatt · Executive Director · $81K
Money in and out
$362K revenue, $369K expenses
Bottom line
68% program efficiency

Fish Reef Project is an environmental nonprofit based in Santa Barbara, CA, formed in 2011. For fiscal year 2025 it reported $362K in revenue, $369K in expenses, and $97K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$362K
Pt VIII · Ln 12
Total expenses
$369K
Pt IX · Ln 25
Net assets
$97K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$6K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32 Fundraising $0.01
Program efficiency
68%
of spending reaches programs▼ -18% vs prior filing year
Operating runway
1.0mo
months of highly liquid reserves at operating expense rate▼ -63% vs prior filing year
Surplus margin
-2%
revenue over expenses, this year▲ +98% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$362K
FY2025▲ +157%
Expenses
$369K
FY2025▲ +40%
Total assets
$562K
FY2025▲ +148%
Total liabilities
$465K
FY2025▲ +194%
Total revenue
$362K
Pt VIII · Ln 12
Total expenses
$369K
Pt IX · Ln 25
Net assets
$97K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$6K
Total assetsPt X · Ln 16$562K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $187K of program spending, described in the organization's own filed words · FY2025.
01

Helping ocean life thrive by global restoration of kelp and coral ecosystem

$187Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFish Reef Project
EINHdr · item D45-2587074
Principal addressHdr · item CSanta Barbara, CA
WebsiteHdr · item Jwww.fishreef.org
Year of formationHdr · item L2011
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C32)
Ruling yearIRS BMFFeb 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$81,000Pt VII · Sec A
$81,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Chris Goldblatt’s $81K as Executive Director is at the 64th percentile of top reported officer pay among 1981 $100K–1M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2022FY2021
Chris Goldblatt$81,000$27,000$19,477$16,770
Christopher Goldblatt$81,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$362K
— government grantsLn 1e$60K
Total revenueLn 12$362K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32 Fundraising $0.01
Program services68%$250K
Management & general32%$116K
Fundraising1%$3K
Total functional expensesLn 25$369K

Balance Sheet

Part X · end of year
CashLn 1$30K
Total assetsLn 16$562K
Total liabilitiesLn 26$465K
Total net assetsLn 32$97K
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $30K · Operating expenses/yr $369K
1.0 months
Where the money goes
Program services
Program services $250K · Total expenses $369K
68%
Management & General
Management & general $116K · Total expenses $369K
32%
Fundraising
Fundraising $3K · Total expenses $369K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $867 · Solicited contributions (3-yr avg) $259K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $362K · Total revenue $362K
100%
Government reliance
Government grants $60K · Total revenue $362K
17%
Earned-income share
Program service revenue $0 · Total revenue $362K
0%
Investment reliance
Investment income $0 · Total revenue $362K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $369K
0%
Growth & trend
Revenue growth (YoY)
This year $362K · Prior year $141K
+157%
Revenue CAGR
FY2021 $63K · FY2025 $362K
+55%
Net-asset trend (YoY)
End of year $97K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $362K · Expenses $369K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $562K
Net-asset ratio
Net assets $97K · Total assets $562K
17%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $562K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chris Goldblatt · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $81K · Total expenses $369K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $81K · Total expenses $369K
22%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
Fundraising cost ratio 1%
Revenue growth 157%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$362K revenue · viewing · ⤓ 990 PDF
FY2024$141K revenue · ⤓ 990 PDF
FY2023$398K revenue · ⤓ 990 PDF
FY2022$48K revenue · ⤓ 990 PDF
FY2021$63K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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