Hilton Head Reef Foundation
PO BOX 5542
HILTON HEAD SC 29938-5542
Contact Information
Organization DBA (Doing Business As)
Organization DBA
Address PO BOX 5542
HILTON HEAD , SC 299385542
Telephone (843) 3844251
Fax (843) 7852638
E-mail daveh@hargray.com
Projected Annual Revenue $85,000.00 (2016)
Mission Statement The Hilton Head Reef Foundation, a subsidiary of the Hilton Head Island Sportfishing Club is dedicated to the enhancement and protection of marine fisheries that are significant to the recreational and charter fishing communities.  The Foundation is a supporter of cooperative fisheries research by both state and private entities which improves the ability of our fisheries managers and fishermen to effectively and rationally make decisions about the most sustainable use of our marine natural resources.The Foundation also assumes the role as the primary non governmental marine fisheries educational liaison to the public.
Leadership
CEO/Executive Director none none
Board Chair Mr. Russell Patterson
Board Chair Company Affiliation President
History and Background
Year of Incorporation 1992
Financial Summary
Revenue vs Expenses Bar Graph - All Years
Graph: Expense Breakdown Graph - All Years
Revenue vs Expenses Area Graph - All Years

Comparing revenue to expenses shows how the organizations finances fluctuate over time.

Source: IRS Form 990

 Breakdown
Net Gain/Loss:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.
Statements
Mission The Hilton Head Reef Foundation, a subsidiary of the Hilton Head Island Sportfishing Club is dedicated to the enhancement and protection of marine fisheries that are significant to the recreational and charter fishing communities.  The Foundation is a supporter of cooperative fisheries research by both state and private entities which improves the ability of our fisheries managers and fishermen to effectively and rationally make decisions about the most sustainable use of our marine natural resources.The Foundation also assumes the role as the primary non governmental marine fisheries educational liaison to the public.
Background

The Hilton Head Reef Foundation is a non-profit, tax deductible 501c-3 corporation founded by the Hilton Head Island Sportfishing Club for the purpose of assisting The South Carolina Department of Natural Resources to build artificial reefs off the coast of Beaufort County. In 1992 the Foundation began with the construction of the Fishamerica Reef and purchased and produced structure for the Whitewater Reef, the Hilton Head Reef, and Eagles Nest Reef. As the South Carolina Department of Natural Resources, through the sale of saltwater fishing licenses, increased their funding for further development of the artificial reefs, the Foundation changed its emphasis to supporting research and education by focusing its support on the Waddell Mariculture Center*s Red Drum and Cobia stock enhancement efforts and Cooperative Science Service*s international Dolphin Fish tagging programs. The Foundation helps fund the Waddell Mariculture Center*s tour program, equipment purchases and repairs, renovations and a summer intern program. It assists SCDNR in its DNA research of Beaufort County Red Drum and Cobia. The Foundation has been lead investigator for 2 Sea Grant grants for the purpose of satellite tagging of Cobia and Dolphin fish (Don Hammond) and has administered a SCDNR grant for a continuing study of our local adult Red Drum population. (Glenn Ulrich).

Impact
1. Helped fund and administer the Dolphinfish Research Program for the Atlantic Ocean and Caribbean Sea.  www.Dolphintagging.com 
2. Funded the Waddelll Mariculture Center's college summer intern program, emergency repairs, research, equipment and tour program.
3. Organized and sponsored public meetings covering local fisheries research and regulations.
Needs
We need to increase funding resources for equipment, repairs, interns and research support at Waddell due to severely inadequate funding from the state.  The WMC wish list is over $1 million
 We have started a funding mechanism for out of pocket expenses by Dolphin and Sea Turtle rescue and necropsy volunteers.  this requires about 10,000 per year.
The Dolphinfish Research Program directed by marine biologist Don Hammond is the only one of its kind in the Atlantic.  The dolphinfish is the most popular bluewater gamefish.  The research accomplished by this program is being used by many fisheries managers and marine educational institutions throughout the world.
CEO/Executive Director Statement The Port Royal Sound Ecosystem is the most fertile and pristine marine system on the Atlantic Coast.  The Waddell Mariculture Center and our Department of Natural Resources have been the key agencies to maintain that status.  Our $1.5 billion fishing economy and our property values are dependent on our stewardship of this of this unique marine habitat.  Despite the exponentially increasing pressure on our coastal communities SCDNR marine resources funding by the state of SC is 20% of what it was 15 years ago. Through the work of the Hilton Head Reef Foundation we are able to enhance Waddell's public image, and provide funds for research, stock enhancement and educational programs that have an impact on our local fisheries, fishermen and the economy.
Board Chair Statement
The SC Department of Natural Resources states that our Beaufort County recreational fishermen and charter boat captains are the most conservation enlightened in the state, generously donating their boat time and expertise to assist our fisheries researchers and managers.  This means we are generally dependent on raising our funds in many small donations, holding one major fund raising event (The Taste of Waddell) or applying for grants form our local foundations.  This can be demanding for an all volunteer organization. 
I chose to become involved with the Hilton Head Reef Foundation because of my passion for fishing,  my work with clean water issues and discovering the wonders and uniqueness of the Port Royal Sound Ecosystem.  
I chose to stay involved because of the outstanding people I have been associated with at our SC Department of Natural Resources and our fishing community.  Our people with SCDNR and Waddell have a passion, dedication and competence that needs to be supported and acknowledged. 
Although we have a very supportive local legislative delegation, the role of the HHRF is to provide them with the resources to tell our story statewide and enhance state funding. 
Areas of Service
Area
Beaufort County
Jasper County
Our focus is on all saltwater ecosystems in Beaufort and Jasper Counties associated with the Port Royal Sound area
Board Chair
Board Chair Mr. Russell Patterson
Company Affiliation President
Term Jan 1992 to Jan 2020
Email russell@russellpattersonlaw.com
Board of Directors
NameAffiliation
Mr. David Harter VP/Treasurer
Mr. Bill Ludwig volunteer
Mr. Larry Muething volunteer
Mr. Tom Ogle volunteer
Mr. Bill True Secretary
Board Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 6
Hispanic/Latino 0
Native American/American Indian 0
Board Demographics - Gender
Male 6
Female 0
Governance
Board Term Lengths 10
Board Term Limits 10
Board Meeting Attendance % 80%
Written Board Selection Criteria? No
Written Conflict of Interest Policy? No
Percentage Making Monetary Contributions 100%
Percentage Making In-Kind Contributions 100%
Number of Full Board Meetings Annually 1
Other Boards
The tables below contain information about other groups that advise this nonprofit on operations and projects.
Executive Director
Executive Director/CEO none none
Experience
none
 
Staff
Full Time Staff 0
Part Time Staff 0
Volunteers 100
Contractors 0
Retention Rate 100%
Plans
Organization has a Strategic Plan? No
Organization has a Fundraising Plan? Yes
Management Succession Plan? No
Organization Policy and Procedures No
Diversity Policy Under Development
Nondiscrimination Policy Yes
Whistleblower Policy No
Document Destruction Policy No
Directors and Officers Insurance Policy No
Programs
Description Tagging studies to study migratory patterns and stock status of Dolphinfish throughout the Atlantic Ocean and Caribbean Sea.
Budget &0,000
Short Term Success Now involves over 400 boats and over 2000 fishermen in the tagging of Dolphinfish.
Long Term Success Better understanding of status and pressures on the most popular blue water game fish.
Strategy Yes
Program Success Monitored BY Increased participation and tag returns
Description Support Waddell Mariculture Centers summer intern program, emergency repairs, research, equipment and tour program.
Budget 100000
Short Term Success Same as above
Long Term Success Although threatened to be defunded by the state several times, WMC still doing great work
Strategy Yes
Program Success Monitored BY Same as above
Description Thee HHRF sponsors and organizes public meetings for education on fisheries research and regulations.
Budget 5000
Short Term Success Better educated public
Long Term Success Better educated public about natural resources
Strategy Yes
Program Success Monitored BY Better educated public
Fiscal Year
Fiscal Year 2016
Projected Revenue $85,000.00
Projected Expenses $55,000.00
Spending Policy Income Only
IRS Letter of Exemption
IRS
Detailed Financials
Expense Allocation
Fiscal Year201420132012
Program Expense$145,800$61,559$53,906
Administration Expense$8,726$1,798$2,216
Fundraising Expense------
Payments to Affiliates------
Total Revenue/Total Expenses0.621.501.31
Program Expense/Total Expenses94%97%96%
Fundraising Expense/Contributed Revenue------
Assets and Liabilities
Fiscal Year201420132012
Total Assets$57,516$116,330$84,368
Current Assets$57,516$116,330$84,368
Long-Term Liabilities------
Current Liabilities------
Total Net Assets$57,516$116,330$84,368
Short Term Solvency
Fiscal Year201420132012
Current Ratio: Current Assets/Current Liabilities------
Long Term Solvency
Fiscal Year201420132012
Long-Term Liabilities/Total Assets0%0%0%
Top Funding Sources
Fiscal Year201420132012
Top Funding Source & Dollar Amount -- -- --
Second Highest Funding Source & Dollar Amount -- -- --
Third Highest Funding Source & Dollar Amount -- -- --
Capital Campaign
Currently in a Capital Campaign? No
State Charitable Solicitations Permit
Registration No Jan 2020
Nonprofit Hilton Head Reef Foundation
Address PO BOX 5542
HILTON HEAD , SC 299385542
Primary Phone (843) 3844251
Contact Email daveh@hargray.com
CEO/Executive Director none none
Board Chair Mr. Russell Patterson
Board Chair Company Affiliation President
Year of Incorporation 1992