Florida · Nonprofit
Plant a Million Corals Foundation Inc
Plant a Million Corals Foundation Inc (Florida) receives grants from 14 organizations whose IRS filings report $1,651,082 to it, the largest being THE SCHMIDT FAMILY FOUNDATION ($850,000). 8 of them have funded it in more than one year.
- Revenue FY2024
- $406k
- Funders on record
- 14
- Grants received
- $1.7M
- Net assets
- $288k
What Plant a Million Corals Foundation Inc does
Mission
To turn the tide of our oceans by saving our coral reefs through restoration, techology, demonstration, training education and outreach and to provide a platform for supporters to carry out our mission.
As stated on its FY2024 Form 990.
Programs
Lookout Foundation:Total Grant received for project so far is $150,000 in 2021 $100,00 and $50,000 in 2022. There were no revenues generated from the project in 2022. Continued with the development of a land based nursery on Summerland Key, FL. The primary purpose of the nursery will be to demostrate the ability to produce corals for out planting in a large scale system. Currently there are no large scale systems being used for demonstration that will the larger production of coral is needed if we are going to save our reefs. The infrastructure has been started with the entire system has been built totally off grid with pumps and the entire system being run on solar power. The system has been designed so that there is no need for water from the city. This will chane as we grow. some public education has been developed and some sshools have visited both in person and virtually. Volunteer educators have been identified to help with developing and education plan. Coarls have been place in the system so they can grow large enough for micro-gragmentation. We have met with the donors and look forward to continued support.
$9,673 spentof which $40,000 as grants2% of program spendingCommunity Foundation of the Florida Keys. To purchase generators for support to solar system at the farm.
$0 spentof which $14,000 as grants0% of program spendingSchmidt 2022-2024. The total grant is $300,000 in 2022 $150,000 has been recieved and the remaining $150,000 will be received in 2023. The only revenue generated was $7,200 in workshop tuition. The acrylic tankdesign was coninually improved on in 2022. The design facilitates the capture of water bubbles so the coral in the tank are easily viewed without the disturbance of the surface. A training program was held at the Boy Scout camp. There were 6 paying students along with another 6 scholarship students. The once a week training with the High Adventure Boy Scout Camp located on Summerland Key reaching nearly 250 STEM students. The continued evelopment of our scale production farm was supported as well by the Schmidt grant.
$49,010 spentof which $150,000 as grants$1,076 earned by the program8% of program spendingThe continued development of coral tanks and infrastruture of a system being built to be totally off the grid with pumps and being run on solar power.
$549,100 spent88% of program spendingCoral Gardners:$80,000, in 2022 $60,000 recieved, $20,000 to be recieved in 2023 after the system is delivered. The design and implementation of a Coarl Restoration Unit (CRU) atarted in a 20ft. container. All the equipment for the unit to be transported and set up in Moorea continued throughout the year. All pumps and piping were installed in the CRU so when it arrived in Moorea it could be set up in 2weeks and have water flowing and corals being micro-fragmented. Thourghout the process continued conversations allowed the system to be adjusted for their needs. The CRU was designed to produce somewhere between 10,000 and 20,000. Delivery is scheduled for 2023.
$17,151 spent3% of program spending
The 5 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $624,934.
The organization over time
Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $24k to $430k (+1722%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
99% of Plant a Million Corals Foundation Inc’s revenue is contributions — more donation-reliant than the typical peer (88% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 6 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
David E Vaughan
President & CEO
As listed on its FY2024 Form 990.
Who funds it, year by year
2020 → 2023: the base broadened from 2 funders to 7 funders, grant income fell $437k → $262k.
6 of 14 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 8% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Plant a Million Corals Foundation Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Plant a Million Corals Foundation Inc leans on a few funders — its largest provides 51% of grant income and the top three 83%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2020 97% · 2021 40% · 2022 48% · 2023 57% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
60% of Plant a Million Corals Foundation Inc's funders are still giving 2 years after their first grant; 57% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
Plant a Million Corals Foundation Inc draws 64% of its grant income from funders outside Florida, across 5 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $133k arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Plant a Million Corals Foundation Inc has grown faster than three-quarters of the 4,264 environment nonprofits its size.
this organization peer median middle 50% of peers· 4,264 environment nonprofits $100k–$1M, FY2024
Organizations like Plant a Million Corals Foundation Inc
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Florida
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
90% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for Plant a Million Corals Foundation Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Plant a Million Corals Foundation Inc?
- Plant a Million Corals Foundation Inc (Florida) receives grants from 14 organizations whose IRS filings report $1,651,082 to it, the largest being THE SCHMIDT FAMILY FOUNDATION ($850,000). 8 of them have funded it in more than one year.
- How many funders does Plant a Million Corals Foundation Inc have?
- IRS filings report 14 organizations giving $1,651,082 in grants to Plant a Million Corals Foundation Inc, 8 of which have funded it in more than one year.
- Who is the largest funder of Plant a Million Corals Foundation Inc?
- THE SCHMIDT FAMILY FOUNDATION is the largest funder on record, with $850,000 in grants. The full list of funders is on this page.
- How can an organization like Plant a Million Corals Foundation Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Plant a Million Corals →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2019–2024), and the filings of 14 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing