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Ocean Reef Community Foundation

Key Largo, FL · EIN 65-0509255 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending October 31, 2025 (tax year 2024) · View the filing · Correct or respond

Ocean Reef Community Foundation reported $14.7 million in revenue and $15.2 million in expenses for the fiscal year ending October 31, 2025. Of every $100 it spent, $92.76 went to program services, $2.07 to management and general costs and $5.17 to fundraising. Its largest source of revenue was contributions and grants: 55.6% of the total. The highest compensation it reported for one person was $199,074 (PRESIDENT AND COO). 3 people received more than $100,000 in reportable compensation. Revenue rose 28% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending October 31, 2025 · Form 990, Part IX, line 25 · total expenses $15M

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending October 31, 2025 · Form 990, Part VIII · total revenue $15M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 1,001 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
92.8%90.2%
Management & general
Part IX 25(C) ÷ 25(A)
2.1%6.4%
Fundraising
Part IX 25(D) ÷ 25(A)
5.2%1.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.10$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
55.6%79.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
0.0%0.0%
Highest reported compensation
Part VII-A, columns D–F
$199,074$325,675
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.31%1.56%
People paid over $100,000
Part VII, line 2
33
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
73.156.6
Independent voting board members
Part VI 1a–1b
22 of 24100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$14M expenses · 100.0% of program spending · grants $14M

To provide support for code section 501(c)(3) organizations and other not for profit organizations that benefit the Community of Ocean Reef and the surrounding area, as well as other charitable organizations

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT AND COO
Director/trustee, officer, 40.00 hrs/week
$154,185$0$44,889$199,074
EXECUTIVE DIRECTOR/SECRETARY
Director/trustee, officer, 40.00 hrs/week
$111,959$0$22,491$134,450
DIRECTOR OF ALL CHARITIES
Officer, 40.00 hrs/week
$106,576$0$17,810$124,386

3 people received more than $100,000 in reportable compensation from Ocean Reef Community Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $452K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$15M$15M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$15M$15M92.8%$92M$199,074
FY2024 ⓘ$23M$14M95.5%$83M$159,650
FY2023 ⓘ$22M$16M85.7%$62M$157,761
FY2022 ⓘ$35M$12M96.2%$54M$139,462
FY2021 ⓘ$19M$11M97.3%$39M$87,464
FY2020 ⓘ$11M$11M97.7%$26M$88,760

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b24 · 22 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 54
  • Volunteers Part I, line 640

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
OCEAN REEF CLUB
Club events
$420,774
CB PACKAGES
Live auction item experiences
$132,000
PARRISH DESIGNS
Event decor
$121,422
HILL TOWN TOURS
Live auction item experiences
$102,000

Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.

Private foundation grants it received

40 private foundations reported grants to Ocean Reef Community Foundation totaling $1.0M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Ocean Reef Community Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Ocean Reef Community Foundation, you can publish a response that is linked from this page.

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Questions people ask

How much of Ocean Reef Community Foundation's spending goes to programs?

In the fiscal year ending October 31, 2025, Ocean Reef Community Foundation reported that 92.8% of its $15.2 million in expenses went to program services, 2.1% to management and general and 5.2% to fundraising (Form 990, Part IX).

How much does Ocean Reef Community Foundation pay its top executive?

The largest total compensation Ocean Reef Community Foundation reported for one person in the fiscal year ending October 31, 2025 was $199,074, for the role of PRESIDENT AND COO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Ocean Reef Community Foundation get its money?

Of $14.7 million in revenue in the fiscal year ending October 31, 2025, 55.6% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Ocean Reef Community Foundation a registered charity?

The IRS lists EIN 65-0509255 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending October 31, 2025, object 202632369349301453 · read the filing
  • FY2024: Form 990 for the fiscal year ending October 31, 2024, object 202532479349300123 · read the filing
  • FY2023: Form 990 for the fiscal year ending October 31, 2023, object 202412559349301396 · read the filing
  • FY2022: Form 990 for the fiscal year ending October 31, 2022, object 202342589349302164 · read the filing
  • FY2021: Form 990 for the fiscal year ending October 31, 2021, object 202232589349301773 · read the filing
  • FY2020: Form 990 for the fiscal year ending October 31, 2020, object 202142589349300729 · read the filing

All filings for EIN 65-0509255: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.