CORAL RESTORATION FOUNDATION INC
Plant a Coral, Restore a Reef
CORAL RESTORATION FOUNDATION INC
EIN: 65-1054647
as of September 2024
as of September 09, 2024
Programs and results
Reports and documents
Download annual reportsWhat we aim to solve
Climate change is the single greatest threat to coral reefs around the world. It impacts our oceans through the increase of sea surface temperatures, increasing ocean acidification, sea-level rise, changes in storm patterns, changes in precipitation, and altered ocean currents. Coral reefs are experiencing higher ocean temperatures and greater acidity than they have in the last 400,000 years. Due to these increased threats, many reef-building stony corals, such as staghorn & elkhorn corals, are now endangered species and reefs as a whole are the most threatened ecosystem on the planet. As individual coral colonies die, the reef ecosystem degrades; if too many of them die, the reef itself reaches a “tipping point” after which death of the system is nearly inevitable. Humanity has never before faced the extinction of an entire ecosystem, but already we have lost 50% of the world’s coral reefs in the last 30 years. At this rate, all shallow reefs could be extinct in the next 80 years.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Reef Restoration Program
CRF manages one of the biggest coral restoration efforts in the world. Taking an ecosystem-wide approach, we are restoring both abundance and genetic diversity to Florida's reef. We are safeguarding and enhancing the genetic diversity of corals in Florida and around the world. We grow and return an abundance of genetically diverse, critically endangered corals to the wild in order to help ensure that coral reefs have the best chance of surviving into the future. Our outplanted corals spawn, kick-starting the reefs' natural processes of recovery. Our program partners include government agencies, non-profits, academic institutions, and private enterprise. We are a resource for other organizations around the world seeking to implement reef restoration programs.
Science Program
Our Science Program focuses on research, development, and the application and dissemination or best practices in coral restoration. With a growing R&D arm, we develop publicly available tools and techniques that can be used by other groups around the world. We share our data and are involved with research into the wider ecological impact of our work, collaborating with scientists around clearly defined areas of investigation. We provide the research and restoration communities with unique and invaluable resources including field-based infrastructure, corals, gametes, genetic data, and cutting-edge tools. Our data informs our strategic development and our research provides a focal point for collaborations with government agencies including NOAA, universities, NGOs, and others.
Education Program
At CRF, we provide practical, meaningful ways for everyone to learn about and get actively involved with our mission to bring coral reefs back from the brink of extinction. Our goal is to educate, entertain, and empower - to inspire the world to become stewards of our planet's life support systems.
Our publicly available educational materials uphold state standards, and can easily be incorporated into lesson plans. Internships provide university-level students with vocational training and experience. Our interns go on to launch exciting careers in marine science and related fields. Recreational Dive Programs let all ocean lovers make a difference, while enjoying fun days on the water working alongside our team. Volunteers from the local community contribute to our daily work, both off and on the water.
Our new initiative - Coral Reefs and You - aims to educate students about the importance of coral reefs, their impact on local economies, and the need for conservation efforts.
CRF Global
At CRF, we recognize the urgency of the coral reef crisis and its profound impact on coastal communities around the world. We are committed to supporting the scaling up of international coral restoration efforts through CRF Global. CRF Global aims to increase international coral restoration capacity by leveraging everything that CRF has built over the last two decades, enhancing access to resources, knowledge, and collaborative networks.
CRF Satellite Programs are extensions of CRF that build operations locally to meet the needs of the ecosystem and community.
CRF Global Partnerships entail collaboration with existing restoration practitioners who have independent operations.
CRF Learning Exchanges involve connecting with other practitioners to exchange knowledge on coral propagation, monitoring, reporting, outreach, and more.
Where we work
Photos
Videos
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of public events held to further mission
This metric is no longer tracked.Totals By Year
Related Program
Education Program
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
CRF's public events include Edutainment workshops, booths at outreach events, tours of our Exploration Center, Skype calls, & general presentations. Audience ranges from preschool to senior citizens.
Number of students engaged
This metric is no longer tracked.Totals By Year
Related Program
Education Program
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
CRF engages students through our Edutainment workshops, Captain Coral shows, Skype calls, classroom presentations, and field trips. We engage students of all ages - pre-K through college.
Number of Interns
This metric is no longer tracked.Totals By Year
Related Program
Education Program
Type of Metric
Input - describing resources we use
Direction of Success
Holding steady
Context Notes
Our competitive intern program attracts students from across the United States. Interns contribute to all aspects of CRF's mission - scuba field work, office management, & community outreach.
Number of photomosaics completed / analyzed
This metric is no longer tracked.Totals By Year
Related Program
Science Program
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Number of corals outplanted
This metric is no longer tracked.Totals By Year
Related Program
Reef Restoration Program
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Area of Reef Restored
This metric is no longer tracked.Totals By Year
Related Program
Reef Restoration Program
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
Area of reef restored across numerous restoration sites spanning the Florida Keys (m^2)
Number of species reintroduced to the area(s)
This metric is no longer tracked.Totals By Year
Related Program
Reef Restoration Program
Type of Metric
Context - describing the issue we work on
Direction of Success
Holding steady
Context Notes
CRF grows and outplants endangered species of coral to restore reef sites to a healthy state. In 2018, we expanded our restoration activities to include two species of boulder coral.
Number of Facebook followers
This metric is no longer tracked.Totals By Year
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Number of national media pieces on the topic
This metric is no longer tracked.Totals By Year
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
Numbers include state-wide, national, & international media coverage (specialist & news outlets, major radio & TV broadcasters, & major internet broadcasters). They do not include local press.
Number of volunteers
This metric is no longer tracked.Totals By Year
Type of Metric
Input - describing resources we use
Direction of Success
Increasing
Context Notes
Numbers include volunteers, interns, & dive program participants. Individuals join CRF staff on land or in the water in different capacities to assist with our restoration program & overall mission.
Number of Instagram followers
This metric is no longer tracked.Totals By Year
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Total number of volunteer hours contributed to the organization
This metric is no longer tracked.Totals By Year
Type of Metric
Input - describing resources we use
Direction of Success
Increasing
Context Notes
Volunteer hours include time contributed to CRF by our volunteers, interns, & dive program participants. Individuals assist various programs within the organization - either on land or in the water.
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
Coral Restoration Foundation believes that large-scale, massive action is required to save the world's coral reefs.
More than 50% of the world's coral reefs have been lost since the 1990s. On Florida's Coral Reef, coral coverage is below 2% in many places. Without action, we could lose all shallow-water coral reefs by 2100. CRF is perfecting techniques for actively restoring coral reefs on an ecologically significant scale. We are safeguarding and promoting genetic diversity in coral populations around the world. Our evolving methods and high-tech tools are accesible to the international restoration community. We are working to advance ecosystem restoration, science, and collaboration in the field. We are engaging the public in the mission and inspiring change.
What are the organization's key strategies for making this happen?
Restoration:
Over the last decade, CRF has developed the techniques and infrastructure to execute large-scale restoration: support staffing, volunteer and community engagement, nursery design and management, and novel outplanting techniques and subsequent monitoring.
Our in-situ coral nurseries are the world's largest, capable of producing over 50,000 reef-ready corals each year. We maintain four in-water production coral nurseries throughout the Keys, and several special-use nurseries, including one off Fort Lauderdale, managed through a collaboration with Nova Southeastern University. The species and genotypes we move into production are carefully selected to ensure we are restoring both diversity and functionality to the wild.
Science:
Our Science Program focuses on the research, development, and deployment of technology-based solutions to increase efficiencies in all aspects of our work. This includes our Coral Sample Registry and CeruleanAI. By focusing on these solutions and the ways in which they can help new and underserved restoration organizations around the world, the Science Program hopes to democratize the coral restoration space, providing access to best practices and technologies regardless of location or means.
Education:
At CRF, we provide practical, meaningful ways for everyone to learn about and get actively involved with our mission to bring coral reefs back from the brink of extinction. Our goal is to educate, entertain, and empower - to inspire the world to become stewards of our planet's life support systems.
What are the organization's capabilities for doing this?
With over a decade of experience in large-scale reef restoration, Coral Restoration Foundation has a proven track record for impactful restoration efforts. We operate 8 offshore coral nurseries throughout the Florida Keys, including 4 principle production nurseries. These nurseries house corals from 23 unique species and over 660 different genotypes. Our largest nursery has more than 500 coral trees and covers 1.5 square acres of the ocean floor.
Since 2012, CRF has returned more than 240,000 endangered corals to our targeted restoration sites from Key Largo to Key West, restoring more than more than 39,673m2 of Florida’s Coral Reef. This work is carried out by a small team of staff, interns, and countless volunteers.
In Florida, CRF is an integral collaborator in the planning, design, implementation, and monitoring of large-scale projects such as Mission: Iconic Reefs; a restoration partner with MOTE, TNC, Nova Southeastern University, Florida Keys National Marine Sanctuary, and FWC; and a sub-awardee for various restoration and research activities. CRF supports 10+ academic collaborations annually, furthering research in the fields of coral biology and reef restoration. Internationally, CRF is involved in the design and planning of large-scale restoration in Saudi Arabia; has advised groups in Hawaii, Indonesia, the Maldives, and Mexico; has supported the development of restoration efforts in Cuba, Australia, and the Philippines; has helped establish programs in Bonaire, Curaçao, Mustique, and Jamaica; and has trained restoration staff from Mexico, Hawaii, the Dominican Republic, Guam, American Samoa, and the Northern Mariana Islands.
In support of the larger international coral restoration community, CRF co-founded, co-leads, and provides administrative infrastructure to the Coral Restoration Consortium (CRC); developed and supports the Coral Sample Registry and the web-based photomosaic pipeline, Cerulean AI; and has staff members serving on working committees and boards for the CRC, Society for Ecological Restoration, FKNMS Water Quality Protection Program, and the UN CORDAP initiative. Additionally, CRF's leadership team includes internationally recognized leaders in science and coral restoration through the publication of peer-reviewed papers, serving on journal editorial boards, participating in regional management working groups, and sitting on international boards for research and implementation of tropical coral reef restoration.
What have they accomplished so far and what's next?
With more than 16 years of experience in restoring coral reefs, CRF is proving that we have the capacity to do this work at an ever-increasing scale. In the wake of our record-breaking restoration efforts in 2022, CRF continued its steadfast commitment to actively restoring the reefs of the Florida Keys in 2023: between January 1st and June 28th, we successfully returned 20,559 corals to the reefs of the Florida Keys. This brings our total number of corals returned to the wild to 243,875.
CRF is unwavering in its mission to restore reefs in Florida, the Caribbean, and around the world. Aware of the escalating frequency and severity of large-scale disturbance events, risk management, mitigation, and adaptation are built into the heart of our programs. Because of that, CRF was able to respond to the heatwave quickly, evacuating high risk coral genotypes to safety and safeguarding the irreplaceable genetic diversity of Florida's corals. If last year taught us anything, it is that it is critical to have replicate sets of our coral stock and genetics protected from future bleaching events or disease outbreaks. We have maintained a second in-situ nursery off Broward County for several years now and we are investing in a second ex-situ nursery located in West Palm Beach.
CRF is now actively supporting the US Virgin Island's coral restoration plan, working on the ground with a CRF Satellite Program in St. Croix and a CRF Global Partnership in St. Thomas. And in partnership with local organizations, CRF is helping expand in-situ nursery coral production, supporting training initiatives, and promoting genetic sequencing projects to contribute to advancing coral restoration efforts in Puerto Rico.
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
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Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded
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What challenges does the organization face when collecting feedback?
It is difficult to get the people we serve to respond to requests for feedback
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2022 info
4.27
Months of cash in 2022 info
22.2
Fringe rate in 2022 info
18%
Funding sources info
Assets & liabilities info
Financial data
CORAL RESTORATION FOUNDATION INC
Revenue & expensesFiscal Year: Jan 01 - Dec 31
CORAL RESTORATION FOUNDATION INC
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
This snapshot of CORAL RESTORATION FOUNDATION INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
Profitability info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Unrestricted surplus (deficit) before depreciation | $540,612 | $1,205,538 | $1,200,197 | $2,919,712 | $1,782,624 |
As % of expenses | 26.0% | 62.3% | 50.8% | 93.5% | 38.3% |
Unrestricted surplus (deficit) after depreciation | $468,859 | $1,127,462 | $1,140,076 | $2,832,058 | $1,676,955 |
As % of expenses | 21.8% | 56.0% | 47.0% | 88.2% | 35.2% |
Revenue composition info | |||||
---|---|---|---|---|---|
Total revenue (unrestricted & restricted) | $2,792,717 | $3,080,184 | $3,534,181 | $6,671,082 | $5,904,895 |
Total revenue, % change over prior year | 31.3% | 10.3% | 14.7% | 88.8% | -11.5% |
Program services revenue | 1.6% | 1.8% | 0.6% | 0.8% | 0.9% |
Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Investment income | 0.2% | 1.4% | 1.3% | 0.4% | 0.1% |
Government grants | 33.0% | 43.1% | 40.7% | 33.6% | 40.9% |
All other grants and contributions | 62.3% | 51.9% | 56.6% | 64.4% | 57.3% |
Other revenue | 2.9% | 1.8% | 0.8% | 0.9% | 0.9% |
Expense composition info | |||||
---|---|---|---|---|---|
Total expenses before depreciation | $2,082,105 | $1,934,926 | $2,363,359 | $3,121,715 | $4,654,271 |
Total expenses, % change over prior year | 13.8% | -7.1% | 22.1% | 32.1% | 49.1% |
Personnel | 45.4% | 61.4% | 64.3% | 55.0% | 50.5% |
Professional fees | 9.7% | 9.5% | 9.7% | 17.4% | 10.6% |
Occupancy | 5.3% | 3.5% | 3.5% | 2.1% | 2.5% |
Interest | 0.0% | 0.0% | 0.0% | 0.2% | 0.5% |
Pass-through | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
All other expenses | 39.5% | 25.5% | 22.5% | 25.2% | 35.9% |
Full cost components (estimated) info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Total expenses (after depreciation) | $2,153,858 | $2,013,002 | $2,423,480 | $3,209,369 | $4,759,940 |
One month of savings | $173,509 | $161,244 | $196,947 | $260,143 | $387,856 |
Debt principal payment | $0 | $0 | $0 | $0 | $59,428 |
Fixed asset additions | $0 | $0 | $0 | $1,085,709 | $148,976 |
Total full costs (estimated) | $2,327,367 | $2,174,246 | $2,620,427 | $4,555,221 | $5,356,200 |
Capital structure indicators
Liquidity info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Months of cash | 12.6 | 18.8 | 21.7 | 30.7 | 22.2 |
Months of cash and investments | 12.6 | 18.8 | 21.7 | 30.7 | 22.2 |
Months of estimated liquid unrestricted net assets | 9.6 | 17.5 | 20.3 | 24.9 | 20.7 |
Balance sheet composition info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Cash | $2,186,611 | $3,025,573 | $4,275,747 | $7,980,064 | $8,624,115 |
Investments | $0 | $0 | $0 | $0 | $0 |
Receivables | $48,299 | $104,830 | $52,825 | $745,331 | $838,786 |
Gross land, buildings, equipment (LBE) | $419,215 | $479,783 | $496,430 | $1,492,983 | $1,641,958 |
Accumulated depreciation (as a % of LBE) | 43.1% | 53.9% | 63.6% | 21.0% | 25.6% |
Liabilities (as a % of assets) | 18.6% | 9.5% | 7.9% | 23.1% | 20.0% |
Unrestricted net assets | $1,908,723 | $3,036,185 | $4,176,261 | $7,008,319 | $8,685,274 |
Temporarily restricted net assets | $195,000 | N/A | N/A | N/A | N/A |
Permanently restricted net assets | $0 | N/A | N/A | N/A | N/A |
Total restricted net assets | $195,000 | $134,720 | $105,345 | $735,000 | $203,000 |
Total net assets | $2,103,723 | $3,170,905 | $4,281,606 | $7,743,319 | $8,888,274 |
Key data checks
Key data checks info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
CEO
Dr. R. Scott Winters
Scott is a serial entrepreneur of 15 years following a career as an academic scientist. His ventures have ranged from entertainment, through consumer goods to healthcare. Highlights of his career include the development of the world’s most technologically advanced pediatric cancer center. He has served on the board of directors for multiple entrepreneurial ventures as well as international non-profits. Throughout his career he has published 2 books, over 50 technical articles and popular papers, and amassed over 750 hours of public speaking.
Scott received his Ph.D. from the University of Pennsylvania in two simultaneous programs (Ecology, Evolution and Biodiversity and BioInformatics and Computational Biology), received his M.B.A. from the Wharton School of Business, and is Phi Beta Kappa. Scott’s passion for ocean conservation brought him to the Florida Keys to inspire others to help save our ocean.
Number of employees
Source: IRS Form 990
CORAL RESTORATION FOUNDATION INC
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
CORAL RESTORATION FOUNDATION INC
Board of directorsas of 09/11/2024
Board of directors data
Mr. David Splitt
Retired, Sr. Vice President and Sr. Corp Counsel for Xerox Corp
Term: 2022 - 2024
Stephen Frink
Stephen Frink Photographic
James Boilini
Boilini Eye Care/Doc’s Diner
Patti Kirk Gross
PADI Dive Instructor
David Wing
Retired CFO, United Airlines
Charles B. Lynch, Jr.
Principal & Advisor, Bernstein Private Wealth Management
Sascha Simon
Founder, President and Chief Technology Officer of Sfara
Nick Davies
Aurenity
Corydon Gilchrist
Owner/President KCG Holdings I LLC
Richard Weinstein
President & COO, Ocean Reef Community Foundation
Lauren Mouse
Ocean Reef Club
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
No data
Gender identity
No data
Transgender Identity
No data
Sexual orientation
No data
Disability
No data
Equity strategies
Last updated: 02/03/2021GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We review compensation data across the organization (and by staff levels) to identify disparities by race.
- We ask team members to identify racial disparities in their programs and / or portfolios.
- We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
- We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
- We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
- We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
- We have community representation at the board level, either on the board itself or through a community advisory board.
- We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.