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Coral Nursery of Puerto Rico Inc

EIN 66-0989179 · Humacao, PR

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceStrong91 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE ORGANIZATION'S PURPOSE IS TO REPOPULATE CORAL IN THE OCEAN AROUND PUERTO RICO. THE PRIMARY ACTIVITY OF THE ORGANIZATION IS TO GROW CORAL (KNOWN AS 'CORAL RECRUITS') IN A LAND-BASED CORAL NURSERY. THE ORGANIZATION WILL GROW THE CORAL RECRUITS IN TEMPERATURE-CONTROLLED TANKS. WHEN THE CORAL RECRUITS ARE MATURE, THEY WILL BE OUTPLANTED INTO THE OCEAN.

Income
$110,887
Spending
$60,128
Reserves
85.6 months of spending
Largest source of income
donations and private grants, 90%
Employees
0

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 81% of charities in its peer group (environment, under $250k).

  • Reserves

    35 of 35

    Spendable reserves would cover 85.6 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 46% of income.

  • Income trend

    15 of 15

    Income rose 3% on the year before.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 91 out of 100. Higher than 83% of charities in its peer group (environment, under $250k).

  • Independent board

    25 of 25

    5 of 5 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. IN 2024, THE CORAL NURSERY OF PUERTO RICO FOCUSED HEAVILY ON OBTAINING THE PLANS, DESIGNS, AND PERMITS NECESSARY TO BRING OUR FACILITY TO LIFE. WORKING CLOSELY WITH V ARCHITECTURE, THE PALMAS ACADEMY, AND THE ARCHITECTURAL REVIEW BOARD (ARB) OF PALMAS DEL MAR, THE ORGANIZATION DEDICATED MUCH OF THE YEAR TO REFINING BLUEPRINTS, FINALIZING SITE LAYOUTS, AND ADVANCING THE PERMITTING PROCESS FOR OUR LAND-BASED CORAL NURSERY. THESE STEPS REPRESENTED CRITICAL GROUNDWORK FOR CONSTRUCTION AND LONG-TERM SUCCESS. THROUGHOUT THIS PROCESS, OUR EXECUTIVE DIRECTOR SERVED ENTIRELY ON A VOLUNTEER BASIS, DEDICATING FULL-TIME EFFORT TO LEADING OPERATIONS, MANAGING PARTNERSHIPS, AND OVERSEEING ALL DEVELOPMENT WITHOUT COMPENSATION. 2024 ALSO MARKED AN IMPORTANT YEAR FOR ORGANIZATIONAL GROWTH AND LOCAL JOB CREATION. THE CORAL NURSERY BEGAN INTERVIEWING FOR CORAL BIOLOGIST POSITIONS TO LEAD SCIENTIFIC OPERATIONS BEGINNING IN 2025, CREATING MEANINGFUL EMPLOYMENT OPPORTUNITIES FOR PUERTO RICAN MARINE BIOLOGISTS. EQUALLY IMPACTFUL WAS OUR EXTENSIVE COMMUNITY OUTREACH AND EDUCATION. THROUGH NUMEROUS BEACH CLEANUPS, FARMERS MARKET OUTREACH, AND MARINE SCIENCE PRESENTATIONS ACROSS THE ISLAND, WE CONNECTED WITH HUNDREDS OF VOLUNTEERS, STUDENTS, AND RESIDENTS WHO LISTENED, LEARNED, AND TOOK PART IN HANDS-ON ACTIVITIES FOCUSED ON CORAL REEF CONSERVATION. THESE EVENTS NOT ONLY STRENGTHENED ENVIRONMENTAL AWARENESS BUT ALSO FOSTERED A GROWING SENSE OF COMMUNITY PRIDE AND SHARED RESPONSIBILITY FOR PUERTO RICO'S COASTAL ECOSYSTEMS. OVERALL, 2024 WAS A YEAR OF PREPARATION, PARTNERSHIP, AND PROGRESS-LAYING THE FOUNDATION FOR CONSTRUCTION, LOCAL JOB CREATION, AND CONTINUED COMMUNITY ENGAGEMENT IN CORAL RESTORATION AND MARINE EDUCATION. IN 2024, THE CORAL NURSERY OF PUERTO RICO FOCUSED HEAVILY ON OBTAINING THE PLANS, DESIGNS, AND PERMITS NECESSARY TO BRING OUR FACILITY TO LIFE. WORKING CLOSELY WITH V ARCHITECTURE, THE PALMAS ACADEMY, AND THE ARCHITECTURAL REVIEW BOARD (ARB) OF PALMAS DEL MAR, THE ORGANIZATION DEDICATED MUCH OF THE YEAR TO REFINING BLUEPRINTS, FINALIZING SITE LAYOUTS, AND ADVANCING THE PERMITTING PROCESS FOR OUR LAND-BASED CORAL NURSERY. THESE STEPS REPRESENTED CRITICAL GROUNDWORK FOR CONSTRUCTION AND LONG-TERM SUCCESS. THROUGHOUT THIS PROCESS, OUR EXECUTIVE DIRECTOR SERVED ENTIRELY ON A VOLUNTEER BASIS, DEDICATING FULL-TIME EFFORT TO LEADING OPERATIONS, MANAGING PARTNERSHIPS, AND OVERSEEING ALL DEVELOPMENT WITHOUT COMPENSATION. 2024 ALSO MARKED AN IMPORTANT YEAR FOR ORGANIZATIONAL GROWTH AND LOCAL JOB CREATION. THE CORAL NURSERY BEGAN INTERVIEWING FOR CORAL BIOLOGIST POSITIONS TO LEAD SCIENTIFIC OPERATIONS BEGINNING IN 2025, CREATING MEANINGFUL EMPLOYMENT OPPORTUNITIES FOR PUERTO RICAN MARINE BIOLOGISTS. EQUALLY IMPACTFUL WAS OUR EXTENSIVE COMMUNITY OUTREACH AND EDUCATION. THROUGH NUMEROUS BEACH CLEANUPS, FARMERS MARKET OUTREACH, AND MARINE SCIENCE PRESENTATIONS ACROSS THE ISLAND, WE CONNECTED WITH HUNDREDS OF VOLUNTEERS, STUDENTS, AND RESIDENTS WHO LISTENED, LEARNED, AND TOOK PART IN HANDS-ON ACTIVITIES FOCUSED ON CORAL REEF CONSERVATION. THESE EVENTS NOT ONLY STRENGTHENED ENVIRONMENTAL AWARENESS BUT ALSO FOSTERED A GROWING SENSE OF COMMUNITY PRIDE AND SHARED RESPONSIBILITY FOR PUERTO RICO'S COASTAL ECOSYSTEMS. OVERALL, 2024 WAS A YEAR OF PREPARATION, PARTNERSHIP, AND PROGRESS-LAYING THE FOUNDATION FOR CONSTRUCTION, LOCAL JOB CREATION, AND CONTINUED COMMUNITY ENGAGEMENT IN CORAL RESTORATION AND MARINE EDUCATION.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 2022.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.