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Nonprofit · EIN 83-2506181

PLANT A MILLION CORALS FOUNDATION INC

Tax-exempt · SUMMRLND KEY, FL 33042

Financials

$449K$683K2023$406K$569K2024
Revenue Expenses · by fiscal year end
Financials of PLANT A MILLION CORALS FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$406,319$568,688-$162,369$297,881$9,604$288,277
December 31, 2023990$448,552$683,476-$234,924$460,443$9,797$450,646
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$401,482
Program service revenue
$1,217
Investment income
$3,620
Net gain from sales of assets
$3,595
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$288,236
Other salaries and wages
$40,578
Salaries, compensation and benefits (total)
$369,930
Professional fundraising fees
$0
Legal fees
$4,916
Occupancy
$24,431
Travel
$4,687
Depreciation
$27,858
Program services (functional)
$510,293
Management and general (functional)
$56,383
Fundraising (functional)
$2,012

Balance sheet and other

Total assets, start of year
$460,443
Total assets, end of year
$297,881
Total liabilities, end of year
$9,604
Net assets, end of year
$288,277
Land, buildings and equipment
$62,993
Net assets without donor restrictions
$288,277
Gross receipts
$406,319
Employees
12
Volunteers
6
Year formed
2018
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
David E VaughanPresident & CEO
Officer, Highest-paid employee
40$82,214
Jason SmauseKey Employee
Key employee
40$69,202
Dee D Vaughan-SmauseSecretary
Trustee or director, Officer, Key employee
40$57,623
Jackson WoodsKey Employee
Key employee
40$48,055
Chloe SpringKey Employee
Key employee, Former
40$28,262
Donna VaughanVice President
Trustee or director
6$2,880
Shirley PomponiDirector
Trustee or director
6$0
Bill RobertsonDirector
Trustee or director
6$0
Mark HerschbergDirector
Trustee or director
6$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
David E VaughanPresident & CEO
Officer, Highest-paid employee
50$157,408
Jason SmauseKey Employee
Key employee
40$54,344
Dee D Vaughan-SmauseSecretary
Trustee or director, Officer, Key employee
40$50,000
Chloe SpringKey Employee
Key employee
40$48,171
Donna VaughanVice President
Officer
30$27,168
Logan MarionKey Employee
Key employee
40$21,972
Shirley PomponiDirector
Trustee or director
6$0
Bill RobertsonDirector
Trustee or director
6$0
Mark HerschbergDirector
Trustee or director
6$0

Address and contacts

Address (IRS master file)
24215 CARIBBEAN DR W, SUMMRLND KEY, FL 33042-4807
In care of
% DONNA VAUGHAN
Principal officer (990 for 2024)
Donna M Vaughan, 24215 Caribbean Dr W, Summerland Key, FL 33042
Signed the 990
Donna M Vaughan, CFO
Phone
(772) 216-0359
Return prepared by
Denise Rohrer & Associates

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.

990 for the year ended December 31, 2024

Program accomplishments

  • Grant period: 12/01/2024 - 12/31/2024 Unrestricted funds to promote sustainable marine solutions and empowering communitites to protect and restore coral reefs globally.
    Expenses $13,200 · grants $10,000 · revenue $86,800
  • To Support interns working to learn coral restoration systems design and husbandry or corals in a land based nursery.
    Expenses $6,307 · grants $6,307
  • 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 $5,418 · grants $15,000 · revenue $9,582
  • 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 $30,000 · revenue $30,000
  • 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 $1,251 · grants $40,000 · revenue $38,749
  • 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 $484,117

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
83-2506181
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2019
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Environment (C32)
Assets (IRS master file)
$297,881
Income (IRS master file)
$406,319

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$406,319$568,688$297,881XML
990December 2023$448,552$683,476$460,443XML
990December 2022$702,370$505,435$687,014IRS
990December 2021–––IRS
990December 2020–––IRS
990-EZDecember 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-2506181).

Questions about PLANT A MILLION CORALS FOUNDATION INC

What is the EIN of PLANT A MILLION CORALS FOUNDATION INC?
The employer identification number (EIN) of PLANT A MILLION CORALS FOUNDATION INC is 83-2506181.
Is PLANT A MILLION CORALS FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to PLANT A MILLION CORALS FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PLANT A MILLION CORALS FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PLANT A MILLION CORALS FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PLANT A MILLION CORALS FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PLANT A MILLION CORALS FOUNDATION INC?
The 990 for the year ended December 31, 2024 names Donna M Vaughan.
Who are the officers and directors of PLANT A MILLION CORALS FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 9 people; 6 received compensation from the organization, the highest $82,214 (David E Vaughan, President & CEO).
How much revenue does PLANT A MILLION CORALS FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $406,319, expenses of $568,688 and total assets of $297,881 at year end.

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