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Ocean Reef Chapel Foundation INC FY2021 filing

Tax-deductible

Key Largo, FL501(c)(3)Since 1994 EIN 65-0486471Revenue $8.9M in FY2021Latest return filed Oct 13, 2025

On file with the IRSKey Largo, FLTax-exempt since Jul 1994Supporting organization — 509(a)(3)

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Provide support to the Ocean Reef Chapel, INC.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $3.4M a year · 52% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $19K
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
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.9M
+62% vs prior year
Spent
$5.7M
To programs
99%
Net assets
$12.8M
By yearFY2020–FY2025
Revenue
$8.9M
FY2021▲ +62%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.5M
FY2021$8.9M
FY2022$2.7M
FY2023$1.4M
FY2024$2.4M
FY2025$17.8M
Expenses
$5.7M
FY2021▲ +403%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$5.7M
FY2022$7.5M
FY2023$2.3M
FY2024$937K
FY2025$920K
Net assets
$12.8M
FY2021▲ +30%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.9M
FY2021$12.8M
FY2022$7.0M
FY2023$6.1M
FY2024$7.8M
FY2025$25.2M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1994.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $5.6M Management & general 1% · $32K Fundraising 1% · $36K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
William Rice
Treasurer
$0Pt VII · Sec A
Gail Wheeler
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
William Bahl
Director
$0Pt VII · Sec A
Susan Scott
Director
$0Pt VII · Sec A
Nelson Sims
Director
$0Pt VII · Sec A
See Ocean Reef Chapel Foundation INC executive salaries →

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

Supports the Ocean Reef Chapel with resources and services.

Questions for Ocean Reef Chapel Foundation INC

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1 program · $5.6M · in their own filed words · FY2020
01

Serve as supporting organization for ocean reef chapel, inc., a 501(c) (3) charitable organization.

$5.6Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Gayle J & Charles C Tallardy III Foundation INCFY2025$16K
Delligatti Charitable FoundationFY2025$3K
Total grants receivedfrom 2 funders$19K
Grants paid · 6 grants · $17.2M · 2019–2024
Ocean Reef Chapel INCFL · FY2024$634,026
Ocean Reef Chapel INCFL · FY2023$829,334
Ocean Reef Chapel INCFL · FY2022$1,521,150
Ocean Reef Chapel INCFL · FY2021$7,475,292
Ocean Reef Chapel INCFL · FY2020$5,612,000
Ocean Reef Chapel INCFL · FY2019$1,098,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$8.9M
Ln 12
Gifts and grantsLn 1h$8.5M
Investment incomeLn 3$361K
Other incomeLn 4–11$11K
Money outPt IX
$5.7M
Ln 25
Programscol B$5.6M
Managementcol C$32K
Fundraisingcol D$36K
Owns and owesPt X
$12.8M
net assets · Ln 32
Cash and savingsLn 1–2$4.9M
Total assetsLn 16$12.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.5M
Noncash giftsLn 1g$432K
Investment incomeLn 3$361K
Other incomeLn 4–11$11K
Gains on assetsLn 7$346K
Total revenueLn 12$8.9M
Assets in detailPt X, end of year
CashLn 1$138K
SavingsLn 2$4.7M
Cash and savings togetherLn 1–2$4.9M
Pledges and grants receivableLn 3$7.1M
InvestmentsLn 11–13$893K
Total assetsLn 16$12.8M
LiabilitiesLn 26$0
Net assetsLn 32$12.8M
OperationsPt I, VI
EmployeesI 51
VolunteersI 612
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$432K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.2M$4.9M
InvestmentsLn 11–13$1.2M$893K
Total assetsLn 16$9.9M$12.8M
LiabilitiesLn 26$0$0
Net assetsLn 32$9.9M$12.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5.6M$5.6M
Accounting feesLn 11c$23K$23K
Investment management feesLn 11f$8K$8K
Other expenses (24a–d)Ln 24$42K$6K$36K
Total functional expensesLn 25$5.7M$5.6M$32K$36K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Oct 13, 2025 $17.8M$920K$16.9M$25.2M 990 PDF
FY2024Filed with the IRS Oct 28, 2024 $2.4M$937K$1.5M$7.8M 990 PDF
FY2023Filed with the IRS Oct 19, 2023 $1.4M$2.3M−$856K$6.1M 990 PDF
FY2022Filed with the IRS Aug 17, 2023 $2.7M$7.5M−$4.8M$7.0M 990 PDF
FY2021 ViewingFiled with the IRS Mar 25, 2022 $8.9M$5.7M$3.2M$12.8M 990 PDF
FY2020Filed with the IRS Mar 23, 2021 $5.5M$1.1M$4.3M$9.9M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $8,861,720 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,445,122$8,489,728
I-9 Program service revenue$0
I-10 Investment incomePrior year $22,578$360,846
I-11 Other revenue$11,146
I-12 Total revenuePrior year $5,467,700$8,861,720
I-13 Grants and similar amounts paidPrior year $1,098,000$5,612,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $33,311$73,827
I-18 Total expensesPrior year $1,131,311$5,685,827
I-19 Revenue less expensesPrior year $4,336,389$3,175,893
Part VI · Governance 9 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $8,861,720 across 7 lines filed
VIII-1f All other contributions, gifts and grants$8,489,728
VIII-1g Noncash contributions (included above)$431,974
VIII-1h Total contributions, gifts and grants$8,489,728
VIII-3 Investment incomeExcluded from tax $14,656$14,656
VIII-7 Net gain or loss on sales of assetsExcluded from tax $346,190$346,190
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,146$11,146
VIII-12 Total revenueRelated to mission $11,146 · Excluded from tax $360,846$8,861,720
Part IX · Statement of functional expenses $5,685,827 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $5,612,000$5,612,000
IX-11c Accounting feesManagement $23,235$23,235
IX-11f Investment management feesManagement $8,445$8,445
IX-24 Other expenses (24a–d)Programs $5,913 · Fundraising $36,234$42,147
IX-25 Total functional expensesPrograms $5,617,913 · Management $31,680 · Fundraising $36,234$5,685,827
Part X · Balance sheet $12,812,023 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $424,372$137,880
X-2 Savings and temporary cash investmentsStart of year $1,807,347$4,717,180
X-3 Pledges and grants receivableStart of year $6,392,487$7,064,203
X-11 Publicly traded securitiesStart of year $1,235,203$892,760
X-16 Total assetsStart of year $9,863,142$12,812,023
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $5,516,020$6,289,959
X-28 Net assets with donor restrictionsStart of year $4,347,122$6,522,064
X-32 Total net assets or fund balancesStart of year $9,863,142$12,812,023
X-33 Total liabilities and net assetsStart of year $9,863,142$12,812,023
Part XI · Reconciliation of net assets $12,812,023 net assets at year end
XI-1 Total revenue$8,861,720
XI-2 Total expenses$5,685,827
XI-3 Revenue less expenses$3,175,893
XI-4 Net assets at start of year$9,863,142
XI-5 Net unrealized gains (losses) on investments−$73,947
XI-8 Prior period adjustments−$153,065
XI-10 Net assets at end of year$12,812,023

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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