Marine Education Initiative Inc is located in Boca Raton, FL. The organization was established in 2012. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Marine Education Initiative Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marine Education Initiative Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Marine Education Initiative Inc generated $556.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 65.9% each year . All expenses for the organization totaled $355.1k during the year ending 12/2021. While expenses have increased by 66.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION EDUCATES AND INSPIRES THE NEXT GENERATION TO PRESERVE MARINE ECOSYSTEMS FOR THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESPONSIBLE ANGLING EDUCATION PROGRAM: 18-30 WEEK ENVIRONMENTAL EDUCATION CLINICS TO YOUTH DURING THE SCHOOL YEAR AND SUMMER IN CERTAIN LOCATIONS INCLUDING BOCA RATON, FL/MIAMI, FL/THE BAHAMAS. IN THESE CLASSES, EXPERIENCED YOUTH VOLUNTEERS TEACH THE CHILDREN THE BASICS OF THE SPORT OF FISHING AS WELL AS CONSERVATION. THE MATERIAL COVERED RANGES WIDELY FROM SUCH PRACTICAL SKILLS AS KNOT TYING TO MORE DIDACTIC TOPICS, LIKE CONSERVATION LAWS AND PRACTICES. WE USE THE SPORT OF FISHING AS A MECHANISM TO ENGAGE AND INTEREST CHILDREN TO WANT TO LEARN MORE ABOUT LOCAL AQUATIC ECOSYSTEMS. AT THE END OF THE SESSIONS, WE HOST A GRADUATION PARTY USUALLY COINCIDING WITH A FIELD TRIP SUCH AS TO A LOCAL PIER, LAKE, NATURE CENTER, OR DEEP SEA FISHING TRIP. THIS UNIQUE EXPERIENCE, USUALLY A FIRST FOR MANY OF THE KIDS, IS FOLLOWED BY A CATERED MEAL AT WHICH CERTIFICATES AND NEW FISHING EQUIPMENT ARE GIFTED TO EACH GRADUATE. IN 2021, THESE PROGRAMS EDUCATED OVER 250 CHILDREN TO BE RESPONSIBLE ANGLERS, AND UTILIZED OVER 100 VOLUNTEERS.
AQUAPONICS FOOD SECURITY & EDUCATION PROGRAM: AQUAPONICS IS A FOOD PRODUCTION SYSTEM THAT COUPLES AQUACULTURE (RAISING FISH) WITH HYDROPONICS (CULTIVATING PLANTS IN WATER) WHEREBY THE NUTRIENT-RICH AQUACULTURE WATER IS FED TO HYDROPONICALLY-GROWN PLANTS. AQUAPONICS CAN GROW A TREMENDOUS AMOUNT OF FOOD WITH A FRACTION OF THE WATER AS WELL AS LAND THAT IS NORMALLY UTILIZED IN SOIL-BASED AGRICULTURE. PRODUCE CAN BE GROWN LOCALLY IN OUR COMMUNITIES, PROVIDING ACCESS TO NUTRITIOUS FOOD, CREATING JOBS, AND ELIMINATING THE HUGE CARBON FOOTPRINT ASSOCIATED WITH TRANSPORTING FOOD LONG DISTANCES. OUR AQUAPONICS FOOD SECURITY & EDUCATION PROGRAM PROVIDES HUNDREDS OF MEALS WEEKLY BY DELIVERING FRESH PRODUCE GROWN IN OUR AQUAPONICS FARM IN ADDITION TO EDUCATING YOUTH IN SOUTH FLORIDA ABOUT THE ENVIRONMENTAL BENEFITS OF SUSTAINABLE AGRICULTURE.
HURRICANE RELIEF EFFORT: AFTER HURRICANE MATTHEW STRUCK THE BAHAMAS IN 2016, WE DECIDED TO ASSIST OUR COMMUNITY PARTNERS IN THE BAHAMAS AND THE MANY COMMUNITIES IMPACTED. THIS EFFORT BEGAN WITH HURRICANE MATTHEW DURING 2016 IN FREEPORT AND NASSAU, THEN ONTO HURRICANE IRMA DURING 2017 IN ST. JOHN, VIRGIN ISLANDS AND THE FLORIDA KEYS. IN 2019, HURRICANE DORIAN, A CATEGORY 5 HURRICANE, STRUCK ABACO & FREEPORT, BAHAMAS. BOTH OF THESE ISLANDS WERE LOCATIONS THAT WE HAVE OFFERED OUR RESPONSIBLE ANGLING EDUCATION PROGRAMS, THUS WE ONCE AGAIN BEGAN TO SEND SUPPORT. WE WILL CONTINUE TO USE OUR NETWORK TO ENCOURAGE OTHERS TO SUPPORT RELIEF EFFORTS FOLLOWING THESE DEVASTATING STORMS ESPECIALLY TOWARDS SPECIFIC MARINE RELATED INITIATIVES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lucas Metropulos President | Officer | 20 | $0 |
Matthew Mckay Treasurer | Officer | 5 | $0 |
Juan Pellerano Vice President | Officer | 5 | $0 |
Tyler Papera Secretary | Officer | 5 | $0 |
Matthew Pursel Trustee | Trustee | 5 | $0 |
Adam Gabay Trustee | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $459,434 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $459,434 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $96,954 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $13 |
Miscellaneous Revenue | $0 |
Total Revenue | $556,401 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $177,640 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $43,499 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $5,256 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,913 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $5,581 |
Office expenses | $3,777 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,813 |
All other expenses | $0 |
Total functional expenses | $355,071 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $379,397 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $267,869 |
Investments—publicly traded securities | $0 |
Investments—other securities | $2,109 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $8,260 |
Total assets | $657,635 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $781 |
Total liabilities | $781 |
Net assets without donor restrictions | $383,283 |
Net assets with donor restrictions | $273,571 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $657,635 |
Over the last fiscal year, we have identified 4 grants that Marine Education Initiative Inc has recieved totaling $270,207.
Awarding Organization | Amount |
---|---|
Impact 100 Palm Beach County Inc Boca Raton, FL PURPOSE: CHARITY | $100,000 |
Kate & Justin Rose Foundation Orlando, FL PURPOSE: PROVIDE MEALS AFTER HURRICANE DORIAN | $100,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $63,042 |
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $7,165 |
Organization Name | Assets | Revenue |
---|---|---|
Boca West Country Club Boca Raton, FL | $152,991,211 | $54,212,550 |
Johns Island Club Inc Vero Beach, FL | $123,619,232 | $39,066,168 |
Cherokee Town & Country Club Inc Atlanta, GA | $70,405,206 | $43,703,981 |
St Andrews Country Club Inc Boca Raton, FL | $67,588,016 | $28,385,359 |
Capital City Club Inc Atlanta, GA | $84,524,331 | $33,363,422 |
Everglades Club Inc Palm Beach, FL | $55,459,603 | $24,732,349 |
Atlanta Athletic Club Johns Creek, GA | $48,939,283 | $29,765,696 |
Piedmont Driving Club Atlanta, GA | $77,050,064 | $28,104,317 |
Royal Poinciana Golf Club Inc Naples, FL | $61,264,527 | $17,332,259 |
Riviera Country Club Of Coral Gables Inc Coral Gables, FL | $63,238,082 | $21,710,203 |
Phi Mu Fraternity Peachtree City, GA | $13,751,042 | $22,181,589 |
Ansley Golf Club Atlanta, GA | $48,365,690 | $21,052,650 |