NonprofitsPlant A Million Corals Foundation Inc

Environment

Plant A Million Corals Foundation Inc

SUMMRLND KEY, FL

Total revenue

$406K

Total expenses

$569K

Net assets

$288K

Grants received

$1.4M

19 grants

EIN

832506181

Tax year

2024

Mission

To turn the tide of our oceans by saving our coral reefs through restoration, techology, demonstration, training education and outreach and to provide a platform for supporters to carry out our mission.

Programs

5 programs

To Support interns working to learn coral restoration systems design and husbandry or corals in a land based nursery.

Expenses: $6KGrants: $6K

Continued funding of a $350,000 grant to develop, build, deliver and train coral reefs of Puerto Rico. The system must be recirculation it is far from a salt water source.

Expenses: $5KGrants: $15K

Sea Trees Effective date: 08/01/2024 To produce, monitor and plant 30,000 corals utilitzing photogrammetry by using Samsung equipment for photogrammetry monitoring, reporst will be sent to Sea Trees

Grants: $30K

Look-Out Foundation To support the continued development of coral restoration system system designed for a production system to scale, grow and plant 1,000,000 per year.

Expenses: $1KGrants: $40K

The continued development of coral tanks and infrastructure of a system being built to be totally off the grid with pumps and being run on solar power.

Expenses: $484K

Financials

FY 2024

Revenue

Contributions & grants$401K
Program service revenue$1K
Investment income$4K
Other revenue
Total revenue$406K

Expenses

Grants paid
Salaries & benefits$370K
Fundraising$2K
Other expenses$199K
Total expenses$569K
Total assets$298K
Net assets$288K

People

9 listed

NameRoleCompensation

David E Vaughan

President & CEO

Board

$82K

40 hrs/wk

Dee D Vaughan-Smause

Secretary

Board

$58K

40 hrs/wk

Donna Vaughan

Vice President

Board

$3K

6 hrs/wk

Shirley Pomponi

Director

Board

6 hrs/wk

Bill Robertson

Director

Board

6 hrs/wk

Mark Herschberg

Director

Board

6 hrs/wk

Jason Smause

Key Employee

Staff

$69K

40 hrs/wk

Jackson Woods

Key Employee

Staff

$48K

40 hrs/wk

Chloe Spring

Key Employee

Staff

$28K

40 hrs/wk

Grants received

Showing 19 of 19

FromAmountPurposeYear
$100K
GENERAL SUPPORT
2024
$25K
GENERAL OPERATING SUPPORT
2024
$25K
UNRESTRICTED
2024
$20K
WATER RESOURCES, WETLANDS CONSERVATION & MANAGEMENT
2024
$150K
OCEAN STEWARDSHIP AND RESEARCH
2023
$50K
UNRESTRICTED CHARITABLE GRANT
2023
$22K
UNRESTRICTED
2023
$20K
WATER RESOURCES, WETLANDS CONSERVATION & MANAGEMENT
2023
$15K
SUPPORT FOR MISSION
2023
$6K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$150K
OCEAN STEWARDSHIP AND RESEARCH
2022
$150K
PROVIDE FOR
2022
$10K
WATER RESOURCES, WETLANDS CONSERVATION & MANAGEMENT
2022
$10K
SUPPORT FOR MISSION
2022
$5K
For grant recipient's exempt purposes
2022
$150K
PROVIDE FOR
2021
$425K
OCEAN STEWARDSHIP AND RESEARCH, ENCOURAGING A JUST TRANSITION AWAY FROM FOSSIL FUELS
2020
$14K
ENVIRONMENTAL AND ANIMALS
2020
$12K
General & Unrestricted
2020

Funded by

$1.4M from 12 funders · 19 grants · 2020–2024

The Schmidt Family Foundation

$725K · 3 grants · 2020–2023

River Branch Foundation

$300K · 2 grants · 2021–2022

Environment Next Inc

$100K · 1 grant · 2024

Lookout Foundation Inc

$50K · 1 grant · 2023

The Denver Foundation

$50K · 3 grants · 2022–2024

Network For Good

$47K · 2 grants · 2023–2024

American Endowment Foundation

$25K · 1 grant · 2024

The Dalis Foundation

$25K · 2 grants · 2022–2023

Details

EIN832506181
NTEE codeC32
Subsection03
Ruling date2019-11
Formed2018
Employees12
Volunteers6
PLANT A MILLION CORALS FOUNDATION INC — Mission, Financials & Grants Received | Grantivo