Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Hilton Head Reef Foundation Inc
EIN 57-0948801 • 501(c)3 • Hilton Head, SC
Profile
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.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
82nd percentile
Higher net margin than 82% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
64th percentile
Faster asset growth than 64% of similar nonprofits.
Revenue Growth
17th percentile
Faster revenue growth than 17% of similar nonprofits.
Balance Sheet
Assets
Up$279,292
Up $16,874 (+6.4%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Up$279,292
Up $16,874 (+6.4%) from 2023
Revenue
Down$54,924
Down $62,446 (-53%) from 2023
Expenses
Up$38,050
Up $623 (+1.7%) from 2023
Net Income
Down$16,874
Down $63,069 (-79%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $279,292
- Liabilities
- -
- Net assets
- $279,292
- Revenue
- $54,924
- Expenses
- $38,050
- Net income
- $16,874
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Oct 14, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $54,924
Mission and Program 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.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| WADDELL MARICULTURE CENTER- SUPPORTS PUBLIC TOUR PROGRAM, COMMUNITY OUTREACH, EMERGENCY REPAIRS, SUMMER INTERN FUNDING, DOLPHIN AND SEA TURTLE STRANDING PROGRAM, AND LOCAL FISHERIES RESEARCH. | $20,230 | $20,230 |
| PUBLIC EDUCATION- SPONSORS MEETINGS TO PROVIDE RESEARCH RESULTS AND FORUMS AFFECTING OUR LOCAL FISHERIES AND FISHERMEN. | - | - |
| DOLPHINFISH RESEARCH PROGRAM- SUPPORTS EFFORTS BY COOPERATIVE SCIENCE SERVICES FOR ATLANTIC DOLPHINFISH RESEARCH. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| RUSSELL PATTERSON | President | - | $0 | - | - |
| DAVID HARTER | Vice Preside | - | $0 | - | - |
| BILL TRUE | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Hilton Head Reef Foundation Inc
- EIN
- 57-0948801
- Phone
- 8437854106
- Address
- P O BOX 5542, HILTON HEAD, SC 29938
Signing Officer
- Name
- David Harter
- Title
- Vice President
- Phone
- 8438426111
- Signed
- 2025-10-14
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Carey & Company Pa
- Address
- 70 MAIN STREET SUITE 100, HILTON HEAD ISLAND, SC 29926
- Preparer
- Patrick P Carey Jr CPA
- Phone
- 8436814430
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 10
“Name: wmc grants cash contribution: 8,005 name: wmc grants cash contribution: 5,225 name: port royal sound foundation address: 310 okatie hwy okatie, sc 29909 cash contribution: 6,000”
Form 990-ez, Part I, Line 16
“Expenses bank charges 124 non-investment depreciation 12,858 total 12,982”
Form 990-ez, Part II, Line 24
“Prepaid expenses and deferred charges 2,161 0 71,978 76,300 less accumulated depreciation 28,487 41,345 total 45,652 34,955”
Form 990-ez, Part III
“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.”
Raw XML Appendix132 raw XML fields
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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| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | HILTON HEAD ISLAND |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | SC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 29928 |
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| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 244337 |
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| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 16874 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4838 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 262418 |
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| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 20230 |
| IRS990EZ/GrossReceiptsAmt | 0 | 54924 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 7034 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 262418 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 279292 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | RUSSELL PATTERSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DAVID HARTER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | BILL TRUE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 45652 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 34955 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 12982 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | WADDELL MARICULTURE CENTER- SUPPORTS PUBLIC TOUR PROGRAM, COMMUNITY OUTREACH, EMERGENCY REPAIRS, SUMMER INTERN FUNDING, DOLPHIN AND SEA TURTLE STRANDING PROGRAM, AND LOCAL FISHERIES RESEARCH. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | PUBLIC EDUCATION- SPONSORS MEETINGS TO PROVIDE RESEARCH RESULTS AND FORUMS AFFECTING OUR LOCAL FISHERIES AND FISHERMEN. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | DOLPHINFISH RESEARCH PROGRAM- SUPPORTS EFFORTS BY COOPERATIVE SCIENCE SERVICES FOR ATLANTIC DOLPHINFISH RESEARCH. |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 20230 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | SC |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 38050 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 20230 |
| IRS990EZ/TotalRevenueAmt | 0 | 54924 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 47890 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 115042 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 108330 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 40990 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 35011 |
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| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 10391 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 347263 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 47890 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 115042 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 108330 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 40990 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 35011 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 347263 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 347263 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | NAME: WMC GRANTS CASH CONTRIBUTION: 8,005 NAME: WMC GRANTS CASH CONTRIBUTION: 5,225 NAME: PORT ROYAL SOUND FOUNDATION ADDRESS: 310 OKATIE HWY OKATIE, SC 29909 CASH CONTRIBUTION: 6,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES BANK CHARGES 124 NON-INVESTMENT DEPRECIATION 12,858 TOTAL 12,982 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PREPAID EXPENSES AND DEFERRED CHARGES 2,161 0 71,978 76,300 LESS ACCUMULATED DEPRECIATION 28,487 41,345 TOTAL 45,652 34,955 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DAVID HARTER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | VICE PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8438426111 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-10-14 |
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| ReturnHeader/Filer/BusinessNameControlTxt | 0 | HILT |
| ReturnHeader/Filer/EIN | 0 | 570948801 |
| ReturnHeader/Filer/PhoneNum | 0 | 8437854106 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | P O BOX 5542 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | HILTON HEAD |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | SC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 29938 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 570927046 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CAREY & COMPANY PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 70 MAIN STREET SUITE 100 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | HILTON HEAD ISLAND |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | SC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 29926 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8436814430 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-10-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | PATRICK P CAREY JR CPA |
| ReturnHeader/ReturnTs | 0 | 2025-10-15T08:45:53-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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