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Nonprofiteer
← MARINE EDUCATION INITIATIVE INC

Form 990 for tax year 2023

Filed by MARINE EDUCATION INITIATIVE INC.

Totals

Total revenue
$580,161
Total expenses
$832,935
Contributions and grants received
$626,695
Grants paid
$211,079
Program service revenue
$11,052
Investment income
-$76,916
Other revenue
$19,330
Total assets, end of year
$944,734
Total liabilities, end of year
$401,061
Net assets or fund balances, end of year
$543,673
Program services expenses (Part IX)
$729,943
Management and general expenses
$102,992
Fundraising expenses
$0
Program service expenses (Part III)
$729,943

Program services were 87.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $626,695

  • 2a · Program service revenue: PROGRAM RELATED INCOME

    total $9,497 · related or exempt $9,497

  • 2b · Program service revenue: FIELD TRIP INCOME

    total $1,555 · related or exempt $1,555

  • 7a · Gross sales of assets other than inventory

    other assets $220,000

  • 7b · Less cost or other basis and sales expenses

    other assets $296,916

  • 7c · Gain or loss

    other assets -$76,916

  • 7d · Net gain or loss

    total -$76,916 · excluded -$76,916

  • 10a · Gross sales of inventory

    $37,701

  • 10b · Cost of goods sold

    $18,371

  • 10c · Net income from sales of inventory

    total $19,330 · related or exempt $19,330

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $211,079 · program services $211,079

  • 5 · Compensation of officers, directors and key employees

    total $80,743 · program services $40,372 · management and general $40,371

  • 7 · Other salaries and wages

    total $129,462 · program services $106,771 · management and general $22,691

  • 9 · Other employee benefits

    total $8,884 · program services $6,219 · management and general $2,665

  • 10 · Payroll taxes

    total $34,003 · program services $23,802 · management and general $10,201

  • 11b · Fees: legal

    total $5,051 · program services $3,031 · management and general $2,020

  • 11c · Fees: accounting

    total $12,900 · program services $7,740 · management and general $5,160

  • 12 · Advertising and promotion

    total $11,990 · program services $7,194 · management and general $4,796

  • 13 · Office expenses

    total $8,516 · program services $5,109 · management and general $3,407

  • 14 · Information technology

    total $2,394 · program services $1,197 · management and general $1,197

  • 16 · Occupancy

    total $139,717 · program services $139,717

  • 17 · Travel

    total $14,321 · program services $8,593 · management and general $5,728

  • 20 · Interest

    total $5,833 · program services $5,833

  • 22 · Depreciation, depletion and amortization

    total $28,966 · program services $28,966

  • 23 · Insurance

    total $12,231 · program services $9,785 · management and general $2,446

  • 24a · Other expenses: PROGRAM EXPENSES

    total $100,405 · program services $100,405

  • 24b · Other expenses: UTILITIES

    total $16,503 · program services $14,853 · management and general $1,650

  • 24c · Other expenses: CERTIFICATIONS & LICENS

    total $6,269 · program services $6,269

  • 24d · Other expenses: TAXES & LICENSES

    total $3,299 · program services $2,639 · management and general $660

  • 24e · All other expenses

    total $369 · program services $369

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $421,183 · end of year $318,517

  • 4 · Accounts receivable

    end of year $8,686

  • 8 · Inventories for sale or use

    end of year $15,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,605 · end of year $22,000

  • 10a · Land, buildings and equipment: cost or other basis

    $309,542

  • 10b · Land, buildings and equipment: accumulated depreciation

    $28,966

  • 10c · Land, buildings and equipment, net

    beginning of year $274,774 · end of year $280,576

  • 12 · Investments: other securities

    beginning of year $2,303 · end of year $2,303

  • 15 · Other assets

    beginning of year $528,628 · end of year $297,652

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,878 · end of year $5,022

  • 23 · Secured mortgages and notes payable

    end of year $100,000

  • 25 · Other liabilities

    beginning of year $449,168 · end of year $296,039

  • 27 · Net assets without donor restrictions

    beginning of year $438,138 · end of year $352,718

  • 28 · Net assets with donor restrictions

    beginning of year $358,309 · end of year $190,955

Mission and programs · 2023

Mission

THE ORGANIZATION EDUCATES AND INSTRUCTS CHILDREN ON HOW TO FISH AND TEACHES THEM TO BECOME GOOD STEWARDS OF BOTH FRESHWATER AND SALTWATER ECOSYSTEMS, AS WELL AS PROVIDING FRESH FISH FROM LOCAL FISHING TOURNAMENTS TO SOUP KITCHENS.

Activities or mission (Part I)

EDUCATES AND INSPIRES THE NEXT GENERATION TO PRESERVE MARINE ECOSYSTEMS FOR THE FUTURE.

  • RESPONSIBLE ANGLING EDUCATION PROGRAM: 8 WEEK ENVIRONMENTAL EDUCATION CLINICS TO YOUTH DURING THE SCHOOL YEAR AND SUMMER IN CERTAIN LOCATIONS INCLUDING SOUTH FLORIDA AND 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 2023, THESE PROGRAMS EDUCATED OVER 250 CHILDREN TO BE RESPONSIBLE ANGLERS, AND UTILIZED OVER 100 VOLUNTEERS.

    Expenses $49,756

  • HURRICANE RELIEF PROGRAM: 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, AND 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.

    Expenses $211,079 · Grants $211,079

  • 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.

    Expenses $469,108 · Revenue $30,382

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Matthew Pursel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Adam Gabay

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Valentine Thomas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Natalie Miaoulis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Lucas Metropulos

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Juan Pellerano

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Matthew McKay

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Tyler Papera

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Nicholas Metropulos

    EXECUTIVE DIRECTOR

    Total calculated
    $80,743
    From this org
    $80,743
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 August 2024
IRS schema version
2023v5.1
Source object
202402279349300510

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