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 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.
2008 Highlights
Despite a challenging economic climate, CORAL continued to maintain a strong financial position for the fiscal year ending June 30, 2008. We recognized more than $1.6 million in revenue and support, half of which (approximately $830,000) came from the dedicated commitment of individual donors. Support for our conservation programs from foundations and government grants comprised more than $600,000.
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- Generous in-kind services were provided by Robert B. Toth and Bamboo Reef Enterprises, and advertising was donated by Scuba Diving and Living Lightly magazines and Preston Root.
- Notable institutional support was provided by the Tiffany & Co. Foundation, the Summit Foundation, the Dirk and Charlene Kabcenell Foundation, and Mar Viva.
- Fundraising support was provided by LeisurePro, the world's largest online scuba merchant, which teamed up with CORAL to raise awareness about the threats endangering our planet's coral reefs.
CORAL devoted nearly $1.3 million to mission-driven program activities in fiscal 2008, more than in any other year since 2002.
2009 Audited Financials (339 KB) »
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