Reef Check Foundation FY2022 filing

Tax-deductible

Westlake Village, CA501(c)(3)EnvironmentEIN 95-4858649

Reef check's fast growing network played a major role in reports to preserve and sustain reef ecosystems. Reef check teams work with business sectors such as tourism diving, surfing and the marine aquarium trade. These teams developed mutually beneficial solutions including createing of self-funding marine protected areas. Reef check received international environmental acclaim for its work, and was named the United Nations's officual community based reef monitoring program. If you will visit our website www.reefcheck.org, clicking on the issues names it will take you to a detail fact sheet about the world. These fact sheets includes the causes for the impact and what actaions people can take to address the issues.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$122K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
3 of 5
years in the black
Pt I · Ln 19 · 5 filings
How much reaches the programs?
81%
of spending
Pt IX · Ln 25 · col B
What are leaders paid?
$122K
to officers and key staff · 7% of spending
Pt VII · Sec A
Do they have reserves?
2 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
15
named funders · $612K
Funders’ Sch. I, 990-PF
Do they carry debt?
$264K
liabilities
Pt X · Ln 26
Who oversees it?
16
independent of 16 voting board members
Pt VI · Ln 1a–1b
Revenue
$1.7M
+29% vs prior year
Spent
$1.8M
To programs
81%
Net assets
$263K
By yearFY2020–FY2024
Revenue
$1.7M
FY2022▲ +29%
Revenue by fiscal year
FY2020$1.1M
FY2021$1.3M
FY2022$1.7M
FY2023$1.4M
FY2024$1.6M
Expenses
$1.8M
FY2022▲ +42%
Expenses by fiscal year
FY2020$1.0M
FY2021$1.3M
FY2022$1.8M
FY2023$1.6M
FY2024$1.6M
Net assets
$263K
FY2022▼ -32%
Net assets by fiscal year
FY2020$386K
FY2021$385K
FY2022$263K
FY2023$43K
FY2024$119K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CReef Check Foundation
EINHdr · item D95-4858649
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2001
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CWestlake Village, CA
NTEE classificationIRS BMFEnvironment (C32)
WebsiteHdr · item Jwww.reefcheck.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.12 Fundraising $0.07
Program services81%$1.5M
Management & general12%$221K
Fundraising7%$131K
Total functional expensesLn 25$1.8M

Financial health

Is it on solid ground?

Program efficiency
81%
of spending reaches programs
Operating runway
2.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$528K
FY2022▼ -28%
Total assets by fiscal year
FY2020$667K
FY2021$731K
FY2022$528K
FY2023$298K
FY2024$455K
Total liabilities
$264K
FY2022▼ -24%
Total liabilities by fiscal year
FY2020$281K
FY2021$346K
FY2022$264K
FY2023$255K
FY2024$336K
Revenue less expensesPt I · Ln 19−$136K
Total assetsPt X · Ln 16$528K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416

Balance Sheet

Part X · end of year
CashLn 1$382K
Total assetsLn 16$528K
Total liabilitiesLn 26$264K
Total net assetsLn 32$263K
Months of cash on handcomputed2.5

Statement of Revenue

Part VIII
Contributions & grants$936K · 55%
Program service revenue$726K · 43%
Other revenue$31K · 2%
Contributions & grants55%$936K
Program service revenue43%$726K
Other revenue2%$31K
Investment income$622
Total revenueLn 12$1.7M

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $419K · Operating expenses/yr $1.8M
2.7 months
Where the money goes
Program services
Program services $1.5M · Total expenses $1.8M
81%
Management & General
Management & general $221K · Total expenses $1.8M
12%
Fundraising
Fundraising $131K · Total expenses $1.8M
7%
Cost to raise $1
Fundraising expense (2-yr avg) $66K · Solicited contributions (2-yr avg) $656K
$0.10 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $936K · Total revenue $1.7M
55%
Government reliance
Government grants — · Total revenue $1.7M
—
Earned-income share
Program service revenue $726K · Total revenue $1.7M
43%
Investment reliance
Investment income $622 · Total revenue $1.7M
+0.04%
Program self-sufficiency
Program service revenue $726K · Total expenses $1.8M
40%
Growth & trend
Revenue growth (YoY)
This year $1.7M · Prior year $1.3M
+29%
Net-asset trend (YoY)
End of year $263K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.7M · Expenses $1.8M
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $528K
—
Net-asset ratio
Net assets $263K · Total assets $528K
50%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $37K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $528K
7%
People & payroll
Highest Reported Total Compensation
Individual Jan Freiwald · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $122K · Total expenses $1.8M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.0M · Total expenses $1.8M
55%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 12%——
Fundraising cost ratio 14%——
Revenue growth 29%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 1%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$122,231Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jan Freiwald’s $126K as Executive Director is at the 49th percentile of top reported officer pay among 1851 $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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2020
Jan Freiwald$125,704$122,231$116,244

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.

See Reef Check Foundation executive salaries →

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Governance & Policies

Part VI
  • 16Voting board membersPt VI · Ln 1a
  • 16Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Monitors and preserves coral reefs through community action and sustainable business partnerships.

Provided by the organization

This section is blank until Reef Check Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $1.5M of program spending, described in the organization's own filed words · FY2022.
01

Reef Check Foundation performs three vital tasks necessary to promote stewardship of sustainable reef communities worldwide. We train and organize teams of local volunteer citizen scientist divers. They collect data on reef health and assess climate change impacts on their reefs.

$1.5Mprogram expense

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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 · FY2024
See all 15 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $1.6M$1.6M+16% 990 PDF
FY2023 $1.4M$1.6M-16% 990 PDF
FY2022 Viewing $1.7M$1.8M+29% 990 PDF
FY2021 $1.3M$1.3M+17% 990 PDF
FY2020 $1.1M$1.0M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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