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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 66-0989179

CORAL NURSERY OF PUERTO RICO INC

Tax-exempt · HUMACAO, PR 00791

Financials

$108K$16K2023$111K$60K2024
Revenue Expenses · by fiscal year end
Financials of CORAL NURSERY OF PUERTO RICO INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$110,887$60,128$50,759$429,189$150$429,039
December 31, 2023990$108,105$15,915$92,190$268,003$119$267,884
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$99,320
Program service revenue
$0
Investment income
$11,567
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Management and general (functional)
$60,128

Balance sheet and other

Total assets, start of year
$268,003
Total assets, end of year
$429,189
Total liabilities, end of year
$150
Net assets, end of year
$429,039
Net assets without donor restrictions
$429,039
Gross receipts
$110,887
Employees
0
Year formed
2021
State of legal domicile
PR

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DANIEL JOHNSONDIRECTOR
Trustee or director
–$0
MATTHEW KERZNERDIRECTOR
Trustee or director
–$0
MARISSA MYERPRESIDENT DI
Trustee or director
–$0
DOUGLAS YURASKODIRECTOR
Trustee or director
–$0
JANET ZEIGERASSISTANT SE
Trustee or director
–$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
DANIEL JOHNSONDIRECTOR
Trustee or director
–$0
MATTHEW KERZNERDIRECTOR
Trustee or director
–$0
MARISSA MYERPRESIDENT DI
Trustee or director
–$0
DOUGLAS YURASKODIRECTOR
Trustee or director
–$0
JANET ZEIGERASSISTANT SE
Trustee or director
–$0

Address and contacts

Address (IRS master file)
500 OCEAN DR APT 535, HUMACAO, PR 00791-6341
Principal officer (990 for 2024)
MARISSA MYER, 500 OCEAN DRIVE, APT 535, HUMACAO, PR 00791
Signed the 990
MARISSA MYER, PRESIDENT DIRECTOR
Phone
(412) 926-7073
Return prepared by
LANDA UMPIERRE PSC

Mission

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    revenue $99,320

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

File the 2025 990-EZ for CORAL NURSERY OF PUERTO RICO INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
66-0989179
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Environment (C30)
Assets (IRS master file)
$429,189
Income (IRS master file)
$110,887

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$110,887$60,128$429,189XML
990December 2023$108,105$15,915$268,003XML
990December 2022$196,297$10,159$198,061IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 66-0989179).

Questions about CORAL NURSERY OF PUERTO RICO INC

What is the EIN of CORAL NURSERY OF PUERTO RICO INC?
The employer identification number (EIN) of CORAL NURSERY OF PUERTO RICO INC is 66-0989179.
Is CORAL NURSERY OF PUERTO RICO INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to CORAL NURSERY OF PUERTO RICO INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CORAL NURSERY OF PUERTO RICO INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CORAL NURSERY OF PUERTO RICO INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CORAL NURSERY OF PUERTO RICO INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CORAL NURSERY OF PUERTO RICO INC?
The 990 for the year ended December 31, 2024 names MARISSA MYER.
Who are the officers and directors of CORAL NURSERY OF PUERTO RICO INC?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does CORAL NURSERY OF PUERTO RICO INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $110,887, expenses of $60,128 and total assets of $429,189 at year end.

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