Financials
CORAL is a nonprofit 501(c)(3) organization. We depend on the generous support of individual donors, foundations, and corporate and government grants to build grassroots conservation partnerships among local community members, government leaders, and marine recreation providers in seven field locations around the world. We are the only international organization working exclusively to protect coral reefs from the effects of climate change and other human-induced stressors.
Over the next five years, CORAL will expand its conservation work by more than double, creating Coral Reef Sustainable Destinations (CRSD) in ten new locations worldwide. From four centers of excellence, CORAL will provide education, outreach, and micro-financing for projects related to sustainable tourism, community development, sustainable financing, and effective management of marine protected areas. Through this ambitious expansion of CORAL’s programs, we intend to build reef resiliency the world over, ensuring that future generations can enjoy healthy coral reefs for years to come.
2007 Highlights
Thanks to the unprecedented generosity of our supporters, major donors, foundations, and other contributors, CORAL recognized more than $2 million in annual revenues for the first time in its history during the fiscal year spanning July 2006 to June 2007.
- Approximately 7,300 individuals contributed nearly $700,000 or 33 percent of total revenues.
- More than half of our revenue ($1.1 million or 55 percent of total revenue) came from foundation and government grants.
- In-kind donations totaled more than $237,000 or just over 11 percent of the total.
Sources of Revenue - 2007
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Recent Yearly Revenue
Multi-year grants and pledges are playing an increasing role in enabling the expansion of our program work. Expenditures for program and supporting services totaled almost $1.5 million; program services accounted for 74 percent of total operating expenses, while supporting services accounted for 26 percent.
At the end of the 2007 fiscal year, total net assets reached nearly $1.1 million, which was a record high for CORAL.
2007 Audited Financials (173 KB) »
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