PLATINUM2023

CORAL RESTORATION FOUNDATION INC

Plant a Coral, Restore a Reef

Tavernier, FL   |  https://www.coralrestoration.org/
GuideStar Charity Check

CORAL RESTORATION FOUNDATION INC

EIN: 65-1054647


Mission

Coral Restoration Foundation™ (CRF) is the world’s largest non-profit marine conservation organization dedicated to restoring coral reefs to a healthy state, in Florida as well as globally. Headquartered in the Florida Keys, CRF was incorporated in 2007 in response to the widespread loss of the dominant coral species on the Florida's Coral Reef, the third largest barrier reef in the world. CRF’s core mission is to restore coral reefs, to educate others on the importance of our oceans, and to use science to further coral research and coral reef monitoring techniques. Large-scale and massive action is required to save our reefs. After more than a decade of successful outplanting throughout the Florida Keys, CRF has proven that this is possible.

Ruling year info

2000

CEO

Dr. R. Scott Winters

Main address

89111 Overseas Highway

Tavernier, FL 33070 USA

Show more contact info

EIN

65-1054647

Subject area info

Environment

Endangered species protection

Population served info

Children and youth

Adults

NTEE code info

Protection of Endangered Species (D31)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Blog

What we aim to solve

SOURCE: Self-reported by organization

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

SOURCE: Self-reported by organization

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 grow and return genetically diverse, critically endangered corals in order to help ensure that coral reefs have the best change of surviving in the future. Our outplanted corals are spawning, kick-starting the reefs' natural processes of recovery.

Since 2012, CRF has returned more than 230,000 endangered corals to our targeted restoration sites from Key Largo to Key West, restoring more than more than 34,800m2 of Florida’s Coral Reef. This work is carried out by a small team of staff, interns, and countless volunteers.

In 2022, CRF divers worked to restore 10 reef sites across the Florida Keys, with 75% of the corals going to the seven sites designated by NOAA's Mission: Iconic Reefs plan. We returned 45,000+ corals to these reefs in the Florida Keys National Marine Sanctuary last year alone.

Population(s) Served
Adults
Children and youth

CRF is in the unique position of being able to provide scientists with corals from our nurseries, as well as limited field support, for experimental work that is aligned with our research priorities. Our research focus includes: Coral Nurseries, Outplanting Methods, Monitoring Techniques, Restoration Sites, Genetic Resilience, and Community Structure. CRF expertise and infrastructure supported studies in three peer-reviewed journals in 2022.

Population(s) Served
Adults

CRF aims to inspire others to take action in order to improve the health of the world’s oceans, using our work as an example. It does this through the development of trained and knowledgeable staff, the actualization of an active-learning program, whereby anyone can participate in CRF’s work, and the implementation of a passive-learning program, whereby the story of our work inspires others to action in whatever manner that they can.

Our Education Program offers a passive-learning Exploration Center, internship positions to students and recent graduates, welcomes volunteers to the CRF team, implements a dive program through which we are able to exhibit CRF’s missions and values and educate about ocean conservation, executes a “citizen science” program, maintains a presence in the community and in both local and national schools.

Population(s) Served
Adults
Children and youth

Where we work

Our results

SOURCE: Self-reported by organization

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

Increasing

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

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The Coral Restoration Foundation™ believes that large-scale, massive action is required to save the world's coral reefs. Our mission is three-fold: restore our coral reefs, use science to further our research and monitoring techniques and to educate others on the importance of our oceans.

The restoration program seeks to restore reefs by outplanting ecologically relevant species of hard corals, following principles defined by conservation biology and genetics, to help restore populations. For this sustainable reef restoration to occur, we must preserve genetic diversity of the species. Thus, we hope to maintain a nursery-based "ark" of genetic diversity for key hard coral species.

As the largest coral restoration group in the world, we hope to be the epicenter of collaborative research on coral growth, reef restoration and non-profit management (of reef/ocean NGOs) via facilitated collaboration, promotion of presentations/publications and direct funding. In addition, our science program monitors our coral outplants, develops new and innovative techniques to increase coral survivorship, and works to further reduce CRF's ecological footprint and increase CRF's overall cost-effectiveness. In particular, our monitoring program is a key component in our work as we quantify the survivorship of our outplanted corals and can therefore produce tangible results to scientifically prove Coral Restoration Foundation methodology for reef restoration.

Finally, we aim to inspire others to take action and improve the health of the world's reefs, using our work as an example. By engaging communities in both passive and active-learning programs, participants become an essential part of CRF's network, taking our message to the world through their personal experience. Our Education program promotes environmental hope through personal action, helping CRF address the global problems facing coral reefs.

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 tracks the progress of our restoration work, supports the development and use of best practices, and provides a vital knowledge base resource for restoration practitioners around the world.

Monitoring
Goals of the short-term monitoring effort (one month after outplanting) are to document the number of colonies found to be loose or detached and to assess the general condition of colonies. This establishes baselines from which long-term (measured 6-12 months after outplanting, then annually) performance can be measured. To keep pace with our restoration efforts, photomosaics - large, high resolution images of reef sites created by stitching together thousands of smaller images - have been implemented as our primary method of monitoring outplanted corals.

Education/Outreach:
Outreach is achieved through educational programs, intern programs, volunteer efforts, an interactive website, newsletter distribution, and participation nationally and internationally at industry (aquarium) and scientific meetings. CRF also has a public education center where the public may receive information on CRF practices and coral reef health.

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 230,000 endangered corals to our targeted restoration sites from Key Largo to Key West, restoring more than more than 34,800m2 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.

In 2022, CRF restored 9,000m2 of reef within the Florida Keys National Marine Sanctuary by returning over 45,000 staghorn, elkhorn, and boulder corals to the wild. While we returned a record number of corals to the reef last year, we will slightly reduce that goal for 2023 so we can rebuild our coral stock and execute much need maintenance and repairs across our four production nurseries. This year we will outplant approximately 28,000 corals to our targeted restoration sites spanning Key Largo to Key West. We are on track to meet this goal.

To support our growing restoration efforts, we recently expanded two of our existing coral nurseries – Key West and Carysfort – and installed a brand-new coral nursery at Looe Key. This year, we will be replacing 500 of our duck bill anchors, which secure the Coral Trees to the seafloor, across our many coral nurseries to maintain a strong infrastructure. All told we have over 800 coral trees in our nurseries throughout the Florida Keys.

We will also be expanding our restoration focus to the U.S. Virgin Islands and Puerto Rico, working closely with local partners – already identified – to support the revitalization of their reefs. Performance and outcomes will be measured in terms of acres of reef restored. We capture this measurement via large-scale photomosaics.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • 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

  • 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

  • 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

CORAL RESTORATION FOUNDATION INC
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2021 info

SOURCE: IRS Form 990

3.75

Average of 17.19 over 10 years

Months of cash in 2021 info

SOURCE: IRS Form 990

30.7

Average of 12.6 over 10 years

Fringe rate in 2021 info

SOURCE: IRS Form 990

10%

Average of 14% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

CORAL RESTORATION FOUNDATION INC

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

CORAL RESTORATION FOUNDATION INC

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

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 ending: cloud_download Download Data

CORAL RESTORATION FOUNDATION INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

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.

Created in partnership with

Business model indicators

Profitability info 2017 2018 2019 2020 2021
Unrestricted surplus (deficit) before depreciation $398,357 $540,612 $1,205,538 $1,200,197 $2,919,712
As % of expenses 21.8% 26.0% 62.3% 50.8% 93.5%
Unrestricted surplus (deficit) after depreciation $349,436 $468,859 $1,127,462 $1,140,076 $2,832,058
As % of expenses 18.6% 21.8% 56.0% 47.0% 88.2%
Revenue composition info
Total revenue (unrestricted & restricted) $2,127,314 $2,792,717 $3,080,184 $3,534,181 $6,671,082
Total revenue, % change over prior year 31.6% 31.3% 10.3% 14.7% 88.8%
Program services revenue 1.2% 1.6% 1.8% 0.6% 0.8%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.1% 0.2% 1.4% 1.3% 0.4%
Government grants 38.2% 33.0% 43.1% 40.7% 33.6%
All other grants and contributions 56.2% 62.3% 51.9% 56.6% 64.4%
Other revenue 4.3% 2.9% 1.8% 0.8% 0.9%
Expense composition info
Total expenses before depreciation $1,830,368 $2,082,105 $1,934,926 $2,363,359 $3,121,715
Total expenses, % change over prior year 46.2% 13.8% -7.1% 22.1% 32.1%
Personnel 54.2% 45.4% 61.4% 64.3% 55.0%
Professional fees 11.6% 9.7% 9.5% 9.7% 17.4%
Occupancy 5.6% 5.3% 3.5% 3.5% 2.1%
Interest 0.0% 0.0% 0.0% 0.0% 0.2%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 28.7% 39.5% 25.5% 22.5% 25.2%
Full cost components (estimated) info 2017 2018 2019 2020 2021
Total expenses (after depreciation) $1,879,289 $2,153,858 $2,013,002 $2,423,480 $3,209,369
One month of savings $152,531 $173,509 $161,244 $196,947 $260,143
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $150,028 $0 $0 $0 $1,085,709
Total full costs (estimated) $2,181,848 $2,327,367 $2,174,246 $2,620,427 $4,555,221

Capital structure indicators

Liquidity info 2017 2018 2019 2020 2021
Months of cash 8.0 12.6 18.8 21.7 30.7
Months of cash and investments 8.0 12.6 18.8 21.7 30.7
Months of estimated liquid unrestricted net assets 7.8 9.6 17.5 20.3 24.9
Balance sheet composition info 2017 2018 2019 2020 2021
Cash $1,222,549 $2,186,611 $3,025,573 $4,275,747 $7,980,064
Investments $0 $0 $0 $0 $0
Receivables $190,914 $48,299 $104,830 $52,825 $745,331
Gross land, buildings, equipment (LBE) $356,662 $419,215 $479,783 $496,430 $1,492,983
Accumulated depreciation (as a % of LBE) 30.5% 43.1% 53.9% 63.6% 21.0%
Liabilities (as a % of assets) 17.4% 18.6% 9.5% 7.9% 23.1%
Unrestricted net assets $1,439,864 $1,908,723 $3,036,185 $4,176,261 $7,008,319
Temporarily restricted net assets $25,000 $195,000 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $25,000 $195,000 $134,720 $105,345 $735,000
Total net assets $1,464,864 $2,103,723 $3,170,905 $4,281,606 $7,743,319

Key data checks

Key data checks info 2017 2018 2019 2020 2021
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

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 employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

CORAL RESTORATION FOUNDATION INC

Board of directors
as of 08/29/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

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

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • 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

SOURCE: Self-reported; last updated 2/7/2023

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
White/Caucasian/European
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Heterosexual or straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 02/03/2021

GuideStar 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

Data
  • 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.
Policies and processes
  • 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.