Civic Intelligence

Reefci Inc.

990 • Fiscal year 2018 • EIN 81-3337647

Jan 01, 2018 to Dec 31, 2018 • Filed on May 13, 2019

2659 Bethlehem LaneHebron, KY 41048

(513) 334-9393

Siviq Scores

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

Liabilities / Assets

86th percentile

0.55x

Higher debt load relative to assets than 86% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

78th percentile

0.25x

Higher debt load relative to revenue than 78% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

78th percentile

21%

Higher net margin than 78% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

59th percentile

$34,750

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

85th percentile

36%

Faster asset growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

92nd percentile

92%

Faster revenue growth than 92% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$267,946

Up $70,849 (+36%) from 2017

Net Assets

Up

$119,237

Up $123,640 (+2808%) from 2017

Liabilities

Down

$148,709

Down $52,791 (-26%) from 2017

Revenue

Up

$588,670

Up $281,661 (+92%) from 2017

Expenses

Up

$465,030

Up $141,668 (+44%) from 2017

Net Income

Up

$123,640

Up $139,993 (+856%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2016: $121,170Liabilities 2016: $109,220Net Assets 2016: $11,9502016Assets 2017: $197,097Liabilities 2017: $201,500Net Assets 2017: -$4,4032017Assets 2018: $267,946Liabilities 2018: $148,709Net Assets 2018: $119,2372018Assets 2019: $438,607Liabilities 2019: $181,857Net Assets 2019: $256,7502019Assets 2020: $448,112Liabilities 2020: $176,529Net Assets 2020: $271,5832020Assets 2021: $666,110Liabilities 2021: $246,869Net Assets 2021: $419,2412021Assets 2022: $719,740Liabilities 2022: $58,961Net Assets 2022: $660,7792022Assets 2023: $900,052Liabilities 2023: $87,557Net Assets 2023: $812,4952023Assets 2024: $1,866,288Liabilities 2024: $871,661Net Assets 2024: $994,6272024

Highlighted filing

2018

Assets$267,946
Liabilities$148,709
Net Assets$119,237

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $325,966Expenses 2016: $314,016Net Income 2016: $11,9502016Revenue 2017: $307,009Expenses 2017: $323,362Net Income 2017: -$16,3532017Revenue 2018: $588,670Expenses 2018: $465,030Net Income 2018: $123,6402018Revenue 2019: $717,321Expenses 2019: $570,208Net Income 2019: $147,1132019Revenue 2020: $263,294Expenses 2020: $248,461Net Income 2020: $14,8332020Revenue 2021: $753,202Expenses 2021: $605,544Net Income 2021: $147,6582021Revenue 2022: $985,773Expenses 2022: $744,235Net Income 2022: $241,5382022Revenue 2023: $913,973Expenses 2023: $762,257Net Income 2023: $151,7162023Revenue 2024: $1,091,557Expenses 2024: $909,425Net Income 2024: $182,1322024

Highlighted filing

2018

Revenue$588,670
Expenses$465,030
Net Income$123,640
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 13, 2019
Return Version
2018v3.1
Gross Receipts
$588,670
Mission and Program Overview

Mission

The ultimate goal is to utilize scientifically researched based approachesto conserve and protect fragile marine ecosystems, namely coral reefs. Ourongoing marine conservation projects include: spearfishing for the invasivelionfish; reef check surverys; queen conch surveys; coral watch datacollections; lobster serveys; sea turtle watch and whale shark watch. Wegain a greater understanding of the overall health of reef ecosystems anddevise action plans where needed.

Reefci's mission is to protect our oceans through science, action and advocacy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$151,549$132,045▼ $19,504
Rtn Earn Endowment Incm Other Fnds$-4,403$119,237▲ $123,640
Loans From Officers Directors$150,336$108,564▼ $41,772
Cash and Non-Interest-Bearing Accounts$35,499$91,495▲ $55,996
Accounts Receivable-$34,281-
Other Notes and Loans Receivable, Net-$125-
Total Assets$197,097$267,946▲ $70,849
Other Assets Total$10,049$10,000▼ $49
Liabilities
Deferred Revenue$43,514$29,664▼ $13,850
Other Liabilities$2,229$7,235▲ $5,006
Mortgage Notes Payable Secured by Investment Property$5,421$2,919▼ $2,502
Accounts Payable and Accrued Expenses-$327-
Total Liabilities$201,500$148,709▼ $52,791
Net Assets / Fund Balance
Total Net Assets Fund Balance$-4,403$119,237▲ $123,640
Total Liabilities and Net Assets / Fund Balance$197,097$267,946▲ $70,849
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Anthony SanerExecutive DiFT$34,750$34,750

Board Members and Trustees

NameTitle
Nicole SmithSecretary
Debra SanerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$41,345
Program Service Revenue
$547,325
Investment Income
$0
Other Revenue
$0
All Other Contributions
$41,345
Change in Net Assets
$123,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$314,442
Salaries, Compensation, and Employee Benefits$150,588
Total Fundraising Expense$7,337
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$138,119$8,688-$146,807
Occupancy$58,934--$58,934
All Other Expenses$41,786$1,962$4,107$47,855
Other Expenses$20,689--$20,689
Depreciation Depletion$19,504--$19,504
Travel$3,832$3,609$216$7,657
Advertising$2,700-$2,990$5,690
Interest$5,179--$5,179
Payroll Taxes$3,781--$3,781
Information Technology$2,997--$2,997
Insurance$2,619--$2,619
Office Expenses$1,158$1,015$24$2,197
Fees for Services Management-$1,995-$1,995
Total Functional Expenses$440,424$17,269$7,337$465,030
International Activity

International Summary

Offices
1
Employees
1

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America & CaribbeanManagement & General----
Central America & CaribbeanProgram ServicesSee Part V11-
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$150,336$108,564▼ $41,772
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$3,859
Interest Payable$3,376
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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, Page 6, Part VI, Line 2

Anthony saner debra saner exec dir treasurer son & parent

Form 990, Page 6, Part VI, Line 11B

The organization's president and treasurer prepared a draft of the 990 and engaged the assistance of a certified public accounting firm to assist with the technical aspects of the form 990.

Form 990, Page 6, Part VI, Line 19

The organization maintains copies of its governing documents, conflict of interest policy, and financial statements in its offices and in electronic form. The organization makes them available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Reefci Inc
EIN
81-3337647
Phone
5133349393
Address
2659 BETHLEHEM LANE, HEBRON, KY 41048

Signing Officer

Name
Debra Saner
Title
Treasurer
Phone
5133349393
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony Saner
Formed
2016
Legal Domicile
Ky
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
622

Preparer

Firm
Long Schaefer & Company Inc
Address
9600 COLERAIN AVENUE SUITE 204, CINCINNATI, OH 45251-2014
Preparer
Ronald a Long CPA
Phone
5132450300
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The ultimate goal is to utilize scientifically researched based approaches to conserve and protect fragile marine ecosystems, namely coral reefs. Our ongoing marine conservation projects include: spearfishing for the invasive lionfish; reef check surverys; queen conch surveys; coral watch data collections; lobster serveys; sea turtle watch and whale shark watch. We gain a greater understanding of the overall health of reef ecosystems and devise action plans where needed.

Form 990, Part V, Line 4B

BELIZE

Form 990, Part IX, Line 24E

Marina fees 13,525 0 0 equip rental and supplies 12,499 0 0 bank fees 6,517 1,827 0 taxes tourism & state 5,373 37 0 trade shows 87 0 4,107 commissions 1,796 0 0 licenses and fees 1,090 0 0 other expenses 869 5 0 education expense 30 93 0 total 41,786 1,962 4,107

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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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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0CENTRAL AMERICA & CARIBBEAN 0 0 CENTRAL AMERICA & CARIBBEAN 0 0
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 1, PART I, LINE 3
IRS990ScheduleF/TotalEmployeeCnt01
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0108564
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0INITIAL START UP
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0108564
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ANTHONY SANER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0EXECUTIVE DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt0108564
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ULTIMATE GOAL IS TO UTILIZE SCIENTIFICALLY RESEARCHED BASED APPROACHES TO CONSERVE AND PROTECT FRAGILE MARINE ECOSYSTEMS, NAMELY CORAL REEFS. OUR ONGOING MARINE CONSERVATION PROJECTS INCLUDE: SPEARFISHING FOR THE INVASIVE LIONFISH; REEF CHECK SURVERYS; QUEEN CONCH SURVEYS; CORAL WATCH DATA COLLECTIONS; LOBSTER SERVEYS; SEA TURTLE WATCH AND WHALE SHARK WATCH. WE GAIN A GREATER UNDERSTANDING OF THE OVERALL HEALTH OF REEF ECOSYSTEMS AND DEVISE ACTION PLANS WHERE NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BELIZE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANTHONY SANER DEBRA SANER EXEC DIR TREASURER SON & PARENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S PRESIDENT AND TREASURER PREPARED A DRAFT OF THE 990 AND ENGAGED THE ASSISTANCE OF A CERTIFIED PUBLIC ACCOUNTING FIRM TO ASSIST WITH THE TECHNICAL ASPECTS OF THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAINTAINS COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS IN ITS OFFICES AND IN ELECTRONIC FORM. THE ORGANIZATION MAKES THEM AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MARINA FEES 13,525 0 0 EQUIP RENTAL AND SUPPLIES 12,499 0 0 BANK FEES 6,517 1,827 0 TAXES TOURISM & STATE 5,373 37 0 TRADE SHOWS 87 0 4,107 COMMISSIONS 1,796 0 0 LICENSES AND FEES 1,090 0 0 OTHER EXPENSES 869 5 0 EDUCATION EXPENSE 30 93 0 TOTAL 41,786 1,962 4,107
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART V, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0197097
IRS990/TotalAssetsEOYAmt0267946
IRS990/TotalAssetsGrp/BOYAmt0197097
IRS990/TotalAssetsGrp/EOYAmt0267946
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt041345
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07337
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017269
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0440424
IRS990/TotalFunctionalExpensesGrp/TotalAmt0465030
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0201500
IRS990/TotalLiabilitiesEOYAmt0148709
IRS990/TotalLiabilitiesGrp/BOYAmt0201500
IRS990/TotalLiabilitiesGrp/EOYAmt0148709
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-4403
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0119237
IRS990/TotalProgramServiceExpensesAmt0440424
IRS990/TotalProgramServiceRevenueAmt0547325
IRS990/TotalReportableCompFromOrgAmt034750
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0547325
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0588670
IRS990/TotalVolunteersCnt0622
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0197097
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0267946
IRS990/TravelGrp/FundraisingAmt0216
IRS990/TravelGrp/ManagementAndGeneralAmt03609
IRS990/TravelGrp/ProgramServicesAmt03832
IRS990/TravelGrp/TotalAmt07657
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt02659 BETHLEHEM LANE
IRS990/USAddress/CityNm0HEBRON
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd041048
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.REEFCI.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DEBRA SANER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05133349393
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REEFCI INC
ReturnHeader/Filer/BusinessNameControlTxt0REEF
ReturnHeader/Filer/EIN0813337647
ReturnHeader/Filer/PhoneNum05133349393
ReturnHeader/Filer/USAddress/AddressLine1Txt02659 BETHLEHEM LANE
ReturnHeader/Filer/USAddress/CityNm0HEBRON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd041048
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0AE7C68B85D4C9074529985A58E6E6BB84DA20E6B
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AE7C68B85D4C9074529985A58E6E6BB84DA20E6B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.83.171.178
ReturnHeader/FilingSecurityInformation/IPDt02019-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:53:07
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0311386715
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LONG SCHAEFER & COMPANY INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09600 COLERAIN AVENUE SUITE 204
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CINCINNATI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0452512014
ReturnHeader/PreparerPersonGrp/PhoneNum05132450300
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD A LONG CPA
ReturnHeader/ReturnTs02019-05-15T13:53:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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