Hilton Head Reef Foundation Inc

990EZ • Fiscal year 2014 • EIN 57-0948801

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 12, 2015

Organization Profile N/A

P O Box 5542Hilton Head, SC 29938

(843) 785-4106

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2014

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2014

-61%

Higher net margin than 6% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

-51%

Faster asset growth than 8% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

0.4%

Faster revenue growth than 48% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet

Liabilities / AssetsScore unavailable

Assets

Down

$57,516

Down $58,814 (-51%) from 2013

Net Assets

Down

$57,516

Down $58,814 (-51%) from 2013

Liabilities

No earlier filing loaded for comparison.

Revenue And Expenses

Liabilities / RevenueScore unavailable Net Margin6th percentile

Revenue

$95,712

Up $393 (+0.4%) from 2013

Expenses

$154,526

Up $91,169 (+144%) from 2013

Net Income

Down

-$58,814

Down $90,776 (-284%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2014

Assets$57,516

Liabilities-

Net Assets$57,516

Open 2014 Filing

Operations Trend

Revenue Growth48th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2014

Revenue$95,712

Expenses$154,526

Net Income-$58,814

Open 2014 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2014 to Dec 31, 2014
Signed: Aug 12, 2015
Return Version: 2014v5.0
Gross Receipts: $95,712

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.

Promote conservation of fish through tag and release system and improve environment

Program Services

Description	Grants	Expenses
TOUR PROGRAM AT WADDELL MARICULTURE CENTER/OTHER WADDELL MARICULTURE CENTER	$113,510	$147,275

Compensation and Service Providers

Top Officer Pay74th percentile

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: 8437854106
Signed: 2015-08-12
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

“GRANTS 113,510 0 0”

Form 990-ez, Part I, Line 16

“Expenses advertising 5,490 bank charges 291 program expenses 1,392 miscellaneous 120 repairs 1,475 aquarium donation 30,777 rounding 1 total 39,546”

Form 990-ez, Part II, Line 24

“4,682 4,682 less accumulated depreciation 4,682 4,682 total 0 0”

Form 990-ez, Part III

“Promote conservation of fish through tag and release system and improve environment”

Raw XML Appendix134 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/InvestmentIncomeAmt	0	221
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	116330
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	57516
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	116330
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	57516
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	000.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
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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/OtherExpensesTotalAmt	0	39546
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	PROMOTE CONSERVATION OF FISH THROUGH TAG AND RELEASE SYSTEM AND IMPROVE ENVIRONMENT
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	TOUR PROGRAM AT WADDELL MARICULTURE CENTER/OTHER WADDELL MARICULTURE CENTER
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	113510
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	147275
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd	0	SC
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	154526
IRS990EZ/TotalProgramServiceExpensesAmt	0	147275
IRS990EZ/TotalRevenueAmt	0	95712
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	95491
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	95036
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	73013
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	68984
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	50067
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	382591
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt	0	221
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	1.00000
IRS990ScheduleA/PublicSupportPY170Pct	0	1.00000
IRS990ScheduleA/PublicSupportTotal170Amt	0	382591
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	95491
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	95036
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	73013
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	68984
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	50067
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	382591
IRS990ScheduleA/TotalSupportAmt	0	382591
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	GRANTS 113,510 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	EXPENSES ADVERTISING 5,490 BANK CHARGES 291 PROGRAM EXPENSES 1,392 MISCELLANEOUS 120 REPAIRS 1,475 AQUARIUM DONATION 30,777 ROUNDING 1 TOTAL 39,546
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	4,682 4,682 LESS ACCUMULATED DEPRECIATION 4,682 4,682 TOTAL 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	PROMOTE CONSERVATION OF FISH THROUGH TAG AND RELEASE SYSTEM AND IMPROVE ENVIRONMENT
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	2016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	DAVID HARTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	8437854106
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2015-08-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	HILTON HEAD REEF FOUNDATION INC
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/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	2015-08-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	PATRICK P CAREY JR CPA
ReturnHeader/ReturnTs	0	2015-08-17T13:19:25-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2014-01-01
ReturnHeader/TaxPeriodEndDt	0	2014-12-31
ReturnHeader/TaxYr	0	2014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $57,516
Liabilities: -
Net assets: $57,516
Revenue: $95,712
Expenses: $154,526
Net income: -$58,814

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$2.79		$2.79	$0.55	$0.38	$0.17
2023Detailed filing. Detailed filing data is available for this year.	$2.62		$2.62	$1.17	$0.37	$0.80
2022Detailed filing. Detailed filing data is available for this year.	$1.82		$1.82	$1.09	$0.24	$0.86
2021Detailed filing. Detailed filing data is available for this year.	$0.97		$0.97	$0.41	$0.07	$0.34
2020Detailed filing. Detailed filing data is available for this year.	$0.63		$0.63	$0.35	$0.12	$0.23
2019Detailed filing. Detailed filing data is available for this year.	$0.40		$0.40	$0.45	$0.44	$0.01
2018Detailed filing. Detailed filing data is available for this year.	$0.39		$0.39	$0.54	$0.59	$0.05
2017Detailed filing. Detailed filing data is available for this year.	$0.44		$0.44	$0.77	$1.45	$0.69
2016Detailed filing. Detailed filing data is available for this year.	$1.12		$1.12	$0.70	$0.53	$0.17
2015Detailed filing. Detailed filing data is available for this year.	$0.95		$0.95	$0.83	$0.46	$0.37
2014Detailed filing. Detailed filing data is available for this year.	$0.58		$0.58	$0.96	$1.55	$0.59
2013Detailed filing. Detailed filing data is available for this year.	$1.16		$1.16	$0.95	$0.63	$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.84		$0.84	$0.73	$0.56	$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.67		$0.67	$0.69	$0.43	$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.41		$0.41	$0.66	$0.53	$0.12