Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
3 people listed on the 990.
George Frankel’s $1K as Director/Pre is at the 0th percentile of top reported officer pay among 1852 $1–10M 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.
See The Genesis Reef Project INC executive salaries →Are you one of these people? Claim this org to confirm your role
Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Protects and develops marine environments for a healthier ocean.
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Deployment of reef balls for the development of artificial reefs.
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By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $205K | $325K |
| InvestmentsLn 11–13 | $905K | $1.2M |
| Land, buildings, equipmentLn 10c | $38K | $29K |
| Total assetsLn 16 | $1.2M | $1.6M |
| LiabilitiesLn 26 | $81K | $54K |
| Net assetsLn 32 | $1.1M | $1.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $232K | $232K | ||
| Other employee benefitsLn 9 | $1K | $1K | ||
| Payroll taxesLn 10 | $14K | $14K | ||
| Legal feesLn 11b | $2K | $2K | ||
| Accounting feesLn 11c | $21K | $21K | ||
| Other fees for servicesLn 11g | $55K | $55K | ||
| Advertising and promotionLn 12 | $22K | $22K | ||
| Office expensesLn 13 | $66K | $66K | ||
| Information technologyLn 14 | $8K | $8K | ||
| OccupancyLn 16 | $50K | $25K | $25K | |
| TravelLn 17 | $29K | $22K | $7K | |
| InterestLn 20 | $11 | $11 | ||
| Depreciation, depletion and amortizationLn 22 | $7K | $7K | ||
| InsuranceLn 23 | $15K | $15K | ||
| Other expenses (24a–d)Ln 24 | $268K | $267K | $1K | |
| Total functional expensesLn 25 | $791K | $691K | $77K | $23K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $1.3M | $791K | $482K | $1.5M | 990 PDF |
| FY2023 | $1.3M | $921K | $342K | $1.1M | 990 PDF |
| FY2022 | $925K | $910K | $15K | $717K | 990 PDF |
| FY2021 | $1.2M | $775K | $448K | $688K | 990 PDF |
| FY2020 | $623K | $459K | $164K | $240K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,273,455 across 4 lines filed
Part IX · Statement of functional expenses $791,327 across 15 lines filed
Part X · Balance sheet $1,603,617 assets, 13 lines filed
Part XI · Reconciliation of net assets $1,549,263 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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