Blue Lab Preservation Society Inc
- Assets
- $100.0k
- Revenue
- $215.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 12/2019
- Data as of
- 12/2021
- EIN
- 83-2477089
Organization Overview
Blue Lab Preservation Society Inc is located in Miami Beach, FL. The organization was established in 2019. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Lab Preservation Society 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, Blue Lab Preservation Society Inc generated $215.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $126.5k during the year ending 12/2021. 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
TO EDUCATE AND INSPIRE GLOBAL ENVIRONMENTAL ACTION BY DIRECTING FUNDS RAISED THROUGH PHILANTHROPY TOWARD INNOVATIVE PROJECTS THAT SEEK TO RESTORE, REINFORCE, AND PROTECT COASTAL MARINE ECOSYSTEMS, RIVERS, AND LAKES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS SUPPORTED THE PUBLIC PROJECTS, REEFLINE AND REEFLINE ART BASEL BUOY PARADE 2021.REEFLINE IS A SOON-TO-BE 7-MILE PUBLIC UNDERWATER SCULPTURE PARK, SNORKEL TRAIL, AND ARTIFICIAL REEF OFF THE COAST OF MIAMI BEACH. THE REEFLINE WILL PROVIDE CRITICAL MARINE HABITAT FOR REEF ORGANISMS AND HELP WITH COASTAL RESILIENCY.THE REEFLINE ART BASEL BUOY PARADE WAS A 2-DAY EVENT THAT PREMIERED LARGE INFLATABLE BUOYS DESIGNED BY REEFLINE ARTISTS AS A HOMAGE TO THE UPCOMING REEFLINE. THE PARADE AIMED TO BRING AWARENESS TO RISING SEA LEVELS AND FRAGILE MARINE ECOSYSTEMS IN THE HOPES OF INSPIRING A MORE RESILIENT FUTURE FOR MIAMI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ximena Caminos Chair & President | OfficerTrustee | 1 | $0 |
Santiago Rodriguez Secretary | OfficerTrustee | 1 | $0 |
Luciano Ferreyra Fleitas Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| 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 | $215,639 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,639 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,641 |
| 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 | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $126,511 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $126,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,022 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $100,022 |
| 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 | $920 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $920 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $89,130 |
| Total liabilities and net assets/fund balances | $100,022 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Blue Lab Preservation Society Inc has recieved totaling $95,000.
| Awarding Organization | Amount |
|---|---|
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $85,000 |
National Philanthropic Tr Jenkintown, PA PURPOSE: ENVIRONMENT, ANIMALS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Barn Group Land Trust Inc Brooks, GA | $16,806,852 | $12,541,051 |
Freshwater Land Trust Birmingham, AL | $42,766,765 | $3,412,437 |
Chattahoochee Riverkeeper Inc Atlanta, GA | $5,712,357 | $2,159,639 |
Ocean Research & Conservation Association Inc Vero Beach, FL | $1,520,786 | $2,174,367 |
Captains For Clean Water Inc Fort Myers, FL | $1,974,237 | $1,999,090 |
Biscayne Bay Waterkeeper Inc Coral Gables, FL | $1,387,272 | $1,361,221 |
Georgia River Network Inc Athens, GA | $860,898 | $1,211,941 |
Jacksonville Maritime Association Inc Jacksonville, FL | $1,150,787 | $914,267 |
Wildlands Conservation Inc Tampa, FL | $969,929 | $1,039,478 |
Georgia Water And Wastewater Institute Inc Marietta, GA | $2,007,375 | $1,312,703 |
Apalachicola Bay And River Keeper Inc Apalachicola, FL | $464,849 | $795,919 |
Savannah Riverkeeper Incorporated Augusta, GA | $308,608 | $391,873 |