Civic Intelligence

Mcac Reef Fund Inc

EIN 51-0432371 • 501(c)3 • Stuart, FL

Profile

Restoring or creating artificial reefs by sinking boats

4174 SE Oakland StreetStuart, FL 34997

www.ncacreeffund.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

93rd percentile

66%

Higher net margin than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

94th percentile

122%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2021

Assets

Up

$237,959

Up $216,171 (+992%) from 2018

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

Up

$237,959

Up $216,171 (+992%) from 2018

Revenue

Up

$358,218

Up $408,447 (+813%) from 2018

Expenses

Up

$120,259

Up $116,953 (+3538%) from 2018

Net Income

Up

$237,959

Up $291,494 (+544%) from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2011: $91,190Net Assets 2011: $91,1902011Assets 2013: $20,819Net Assets 2013: $20,8192013Assets 2014: $37,236Net Assets 2014: $37,2362014Assets 2015: $48,391Net Assets 2015: $48,3912015Assets 2016: $73,003Net Assets 2016: $73,0032016Assets 2018: $21,788Net Assets 2018: $21,7882018Assets 2021: $237,959Liabilities 2021: $0Net Assets 2021: $237,9592021

Highlighted filing

2021

Assets$237,959
Liabilities$0
Net Assets$237,959

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2011: $22,661Expenses 2011: $11,280Net Income 2011: $11,3812011Revenue 2013: $94,112Expenses 2013: $120,000Net Income 2013: -$25,8882013Revenue 2014: $28,977Expenses 2014: $18,839Net Income 2014: $10,1382014Revenue 2015: $39,768Expenses 2015: $13,112Net Income 2015: $26,6562015Revenue 2016: $24,6122016Revenue 2018: -$50,229Expenses 2018: $3,306Net Income 2018: -$53,5352018Revenue 2021: $358,218Expenses 2021: $120,259Net Income 2021: $237,9592021

Highlighted filing

2021

Revenue$358,218
Expenses$120,259
Net Income$237,959

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.2
Gross Receipts
$358,218
Mission and Program Overview

Mission

Restoring or creating artificial reefs by sinking boats

Fundraise for purchase of useless vessels to be sunk to create artificial reefs increasing fish population.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds-$237,959-
Cash and Non-Interest-Bearing Accounts-$138,459-
Total Assets$0$237,959▲ $237,959
Other Assets Total-$99,500-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$237,959-
Total Net Assets Fund Balance$0$237,959▲ $237,959
Total Liabilities and Net Assets / Fund Balance$0$237,959▲ $237,959

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$99,500--
Compensation and Service Providers

Board Members and Trustees

NameTitle
John BurkeDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$358,207
Investment Income
$11
Other Revenue
$0
Change in Net Assets
$237,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$120,259
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$119,761--$119,761
Office Expenses$498--$498
Total Functional Expenses$120,259$0$0$120,259
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VIII, Section 2, Line A

Program in the name of local fisherman passed from COVID for the purpose of generaing funds for purchase and sinking of vessel for artificial fishing reef.

Filing and Contact Details

Filer

Filer Name
MCAC Reef Fund Inc
EIN
51-0432371
In Care Of
% John Burke
Address
4174 SE Oakland Street, Stuart, FL 34997

Signing Officer

Name
John Burke
Title
Director
Signed
2022-11-11
Discuss with paid preparer
No

Organization Details

Principal Officer
John Burke
Formed
2002
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
15

Preparer

Firm
Financial & Tax Service co UPS Store
Address
2336 SE Ocean Blvd 395, Stuart, FL 34996
Preparer
Dana P Janke
Phone
7722368026
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt011
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IRS990/IRPDocumentCnt00
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