Financial Transparency
As a 501 (c)(3) Nonprofit Charity, we find it incredibly important to remain as financially transparent as we are able to. Take a look below at where your donations are going
Project Anchor Down INC. is a 501(c)(3) nonprofit (EIN: 99-3543324). Our fiscal year ends on December 31. We operate programs in coastal restoration, education, community events (including art galleries and yoga), research, internships (“coralites”), administration and employee salary, legal, new projects, expeditions, supplies and materials, and other routine operating needs.
We receive support from individual donations, grants, sponsorships, event ticketing, merchandise, and consulting or contract work. Funds from certain activities are reinvested in the same activity or campaign. For example, merchandise revenue supports merchandise and related campaigns, and expedition revenue supports expedition costs and research conducted during those trips.
Our aim is to direct the majority of resources to mission delivery while maintaining a lean back office. We target administrative expenses to average under 10% over time, subject to legal and compliance requirements and fair-market compensation benchmarks. Marketing and outreach are managed to support programs efficiently.
Restoration, education, research, community events.................25%
Administration and employee salary.............................................10%
Marketing and outreach..................................................................15%
Legal and compliance........................................................................5%
New projects and expeditions........................................................25%
Supplies and materials....................................................................10%
Other operating costs......................................................................10%
We accept restricted donations. Restrictions are tracked internally and applied in good faith to the specified purpose. Upon request, donors may receive a percentage allocation report for their gift. For privacy and operational security, we do not share vendor-level invoices as a standard practice.
C-level executive compensation is set at fair market value for comparable organizations and roles. Interns, called coralites, are paid fairly and competitively when in paid placements. Unpaid volunteer roles are clearly identified and optional.
300
Volunteers Engaged
3567
Debris
Removed
10
Events
Hosted
120
Students
Reached
We compile and email quarterly impact summaries to subscribers who opt in. Typical metrics include shoreline miles cleaned, pounds of debris removed, volunteer hours, students reached, reef surveys completed, datasets released, exhibition or event attendance, and internships filled. Detailed datasets are published on our Research page when ready.
5
Datasets Released
3
Anchor Down Reports
15
Research Coralites
2
Expeditions Hosted
We use opt-in mailing list consent. We do not sell personal data. Browsing data on our website is kept private within our third-party tools as configured. We currently do not offer discretionary data-deletion requests beyond legal requirements. Photo and video opt-out is available at check-in for events.
We are building a process to disclose operational footprint metrics, such as vessel fuel, staff travel, and waste diversion. This section will be published once internal tracking is complete.
Form 990 filings are available through the IRS. Independent audits or reviews are completed as required. We do not commit to a fixed public reporting cadence beyond our quarterly impact emails, but prospective donors may request additional summarized breakdowns before giving.
Looking To Donate
If you would like a purpose-specific allocation summary or have questions about a gift, contact us and indicate your area of interest and time frame. We will provide a clear, percent-based breakdown.