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Ocean City Reef Foundation

Tax-deductible

Berlin, MD501(c)(3)EnvironmentEIN 52-2066987Revenue $246K in FY2024

On file with the IRSocreeffoundation.com28 Burr Hill Dr, 21811-1600 · Berlin, MDTax-exempt since Aug 2000Publicly supported charity — 170(b)(1)(A)(vi)

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To create and enhance artificial reefs off the coast of Ocean City maryland

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 25 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $2K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$246K
+7% vs prior year
Spent
$248K
To programs
100%
Net assets
$84K
By yearFY2020–FY2024
Revenue
$246K
FY2024▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$115K
FY2021$169K
FY2022$127K
FY2023$231K
FY2024$246K
Expenses
$248K
FY2024▲ +39%
Tap a bar for its year
Expenses by fiscal year
FY2020$133K
FY2021$142K
FY2022$176K
FY2023$179K
FY2024$248K
Net assets
$84K
FY2024▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$56K
FY2021$83K
FY2022$34K
FY2023$86K
FY2024$84K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $248K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
James Bergey
Director
$0Pt VII · Sec A
Hugh Cropper
Director
$0Pt VII · Sec A
Rusty Daub
Director
$0Pt VII · Sec A
Jerry Fields
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Rick Younger
Driector
$0Pt VII · Sec A
See Ocean City Reef Foundation executive salaries →

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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

Programs and updates

Builds and improves artificial reefs near Ocean City, Maryland.

Questions for Ocean City Reef Foundation

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Provided by the organization

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1 program · $248K · in their own filed words · FY2024
01

The organization promotes habitat enhancement and conservation activities off the maryland coast by providing funds, expertise, services, and materials to create and enhance ocean reefs. A newsletter is published and distributed to inform the public of the importance of protecting, building and enhancing ocean reefs.

$248Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$589
Arthur J Gallagher FoundationFY2023$500
Total grants receivedfrom 2 funders$1K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$246K
Ln 12
Gifts and grantsLn 1h$210K
Other incomeLn 4–11$37K
Money outPt IX
$248K
Ln 25
Programscol B$248K
Owns and owesPt X
$84K
net assets · Ln 32
Cash and savingsLn 1–2$84K
Total assetsLn 16$84K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$210K
Other incomeLn 4–11$37K
Total revenueLn 12$246K
Assets in detailPt X, end of year
CashLn 1$84K
Cash and savings togetherLn 1–2$84K
Total assetsLn 16$84K
LiabilitiesLn 26$0
Net assetsLn 32$84K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$86K$84K
Total assetsLn 16$86K$84K
LiabilitiesLn 26$0$0
Net assetsLn 32$86K$84K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$9K$9K
Other expenses (24a–d)Ln 24$186K$186K
All other expensesLn 24e$52K$52K
Total functional expensesLn 25$248K$248K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $246K$248K−$2K$84K 990 PDF
FY2023 $231K$179K$53K$86K 990 PDF
FY2022 $127K$176K−$49K$34K 990 PDF
FY2021 $169K$142K$27K$83K 990 PDF
FY2020 $115K$133K−$18K$56K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $246,412 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $210,274$209,754
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $21,035$36,658
I-12 Total revenuePrior year $231,309$246,412
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $178,695$248,417
I-18 Total expensesPrior year $178,695$248,417
I-19 Revenue less expensesPrior year $52,614−$2,005
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $246,412 across 4 lines filed
VIII-1f All other contributions, gifts and grants$209,754
VIII-1h Total contributions, gifts and grants$209,754
VIII-8 Net income from fundraising eventsExcluded from tax $36,658$36,658
VIII-12 Total revenueExcluded from tax $36,658$246,412
Part IX · Statement of functional expenses $248,417 across 4 lines filed
IX-12 Advertising and promotionPrograms $1,523$1,523
IX-13 Office expensesPrograms $8,812$8,812
IX-24 Other expenses (24a–d)Programs $186,107$186,107
IX-24e All other expensesPrograms $51,975$51,975
IX-25 Total functional expensesPrograms $248,417 · Management $0 · Fundraising $0$248,417
Part X · Balance sheet $84,352 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $86,358$84,352
X-16 Total assetsStart of year $86,358$84,352
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $86,358$84,352
X-32 Total net assets or fund balancesStart of year $86,358$84,352
X-33 Total liabilities and net assetsStart of year $86,358$84,352
Part XI · Reconciliation of net assets $84,352 net assets at year end
XI-1 Total revenue$246,412
XI-2 Total expenses$248,417
XI-3 Revenue less expenses−$2,005
XI-4 Net assets at start of year$86,358
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$84,352

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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