nonprofit logo

The Genesis Reef Project Inc

Eternal Reefs

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 474637792 ✦ Sarasota, FL ✦ Designated as a 501(c)(3)

Overview

What is The Genesis Reef Project Inc?

The Genesis Reef Project Inc, a nonprofit organization, is dedicated to the development and preservation of marine environments. Specifically, they specialize in creating artificial reefs by deploying reef balls. This innovative approach enhances marine life and biodiversity, contributing to a healthier ecosystem. By implementing this mission, they aim to foster a sustainable marine environment for future generations. Their work is an essential step towards restoring and protecting our oceans.


Official website here: www.eternalreefs.com

Is The Genesis Reef Project Inc legitimate?

The Genesis Reef Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Genesis Reef Project Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $190,044

For more financial information, click here


Official website here: www.eternalreefs.com

What is the mission statement of The Genesis Reef Project Inc?

The Genesis Reef Project Inc is dedicated to the development and preservation of the marine environment. They accomplish this by creating artificial reefs through the deployment of reef balls. This organization's mission is to enhance and protect marine life, contributing to a healthier and more diverse underwater ecosystem. By constructing these artificial reefs, they aim to provide a thriving habitat for various marine species, fostering biodiversity and promoting the overall health of our oceans.


Official website here: www.eternalreefs.com

Who is the CEO of The Genesis Reef Project Inc?

George Frankel is the Director/Pre of The Genesis Reef Project Inc.


Official website here: www.eternalreefs.com

What is the revenue of The Genesis Reef Project Inc?

The Genesis Reef Project Inc's revenue in 2022 was $924,636.


Official website here: www.eternalreefs.com

Who are the executives of The Genesis Reef Project Inc and what are their salaries?

The average compensation at The Genesis Reef Project Inc during 2022 was $38,009. There are 5 employees and 70 volunteers at The Genesis Reef Project Inc.

Here are 3 key members and their salaries:

    George Frankel (Director/Pre)
  • Compensation: $0
  • Related: $7,465
  • Other: $0

    • Lawrence Daniel Beggs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Patrick Weatherby (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.eternalreefs.com

    Where can I find the form 990 for The Genesis Reef Project Inc?

    The The Genesis Reef Project Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.eternalreefs.com

    Learn more at the official website: www.eternalreefs.com

    Mission Statement of The Genesis Reef Project Inc

    The Genesis Reef Project Inc, a nonprofit organization, is dedicated to the development and preservation of the marine environment. Through innovative methods, this organization creates artificial reefs by deploying reef balls, a unique approach that aims to enhance and protect marine habitats. The goal of Eternal Reefs, as The Genesis Reef Project Inc is also known, is to foster a thriving marine ecosystem, contributing to the overall health and diversity of ocean life. By constructing these artificial reefs, The Genesis Reef Project Inc aims to provide a sanctuary for various marine species, promoting biodiversity and supporting the delicate balance of the marine ecosystem.

    Impact

    This information is meant to be a general summary of The Genesis Reef Project Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Tuesday, June 18, 2024

    The Genesis Reef Project Inc's impact is focused on developing and preserving the marine environment through the deployment of reef balls to create artificial reefs. This initiative contributes to the improvement of marine ecosystems and biodiversity, providing habitats for various marine species. Additionally, the project helps in enhancing the overall health of ocean environments and supporting sustainable fishing practices.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-80,430
  • Program Service Revenue: $1,085,275
  • Gross Receipts: $1,152,748

    • Assets and Liabilities:
  • Total Assets: $787,082
  • Total Liabilities: $69,825
  • Net Assets: $717,257
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    REEF BALL DEPLOYMENTS

    Revenue

    $1,085,275

    Organization Details

    Founding Year

    2015

    Principal Officer

    George Frankel

    Main Address

    PO BOX 3811, SARASOTA, FL, 34230

    NTEE Category

    Code: C30 - Environment

    If you are a representative of The Genesis Reef Project Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.