Hilton Head Reef Foundation Inc

Nonprofit profile at a glance

EIN
570948801
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Hilton Head, SC, USA
Phone
8437854106
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Natural Resources Conservation and Protection

Reported finances

Revenue
$54,924
Expenses
$38,050
Assets
$279,292

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • RUSSELL PATTERSON (PRESIDENT)

People named in this filing

  • RUSSELL PATTERSON (PRESIDENT)
  • DAVID HARTER (VICE PRESIDE)
  • BILL TRUE (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The hilton head reef foundation, a subsidiary of the hilton head island sportfishing club is dedicated to the enhancement and protection of marine fisheries that are significant to the recreational and charter fishing communities. The foundation is a supporter of cooperative fisheries research by both state and private entities which improves the ability of our fisheries managers and fishermen to effectively and rationally make decisions about the most sustainable use of our marine natural resources. The foundation also assumes the role as the primary non governmental marine fisheries educational liaison to the public.

What it reported doing in 2024

Waddell mariculture center- supports public tour program, community outreach, emergency repairs, summer intern funding, dolphin and sea turtle stranding program, and local fisheries research.

Operating model

Revenue model
Donor-supported. 87% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 48
  • Transparency & Controls: 82
  • Sustainability: 71
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 44.9%; rating input score 45
  • Program expense ratio: 53.2%; rating input score 53

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 30.7%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 7.34; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -8.3% per year; rating input score 0; 30th percentile among comparable filings
  • Revenue growth: 0.7% per year; rating input score 100; 55th percentile among comparable filings
  • Asset growth: 11.2% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 44.9% of revenue deployed · 53.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $20K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
  • Review — Financial Efficiency: Program expense ratio scored 53/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.