MARINE EDUCATION INITIATIVE INC

EIN: 453862555 501(c)(3) Recreation & Sports

DELRAY BEACH, FL

Total Revenue
$580,161
Total Expenses
$832,935
Total Assets
$944,734
Net Assets
$543,673
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
FL
Principal Officer
NICHOLAS METROPULOS
Phone
5614055576
Tax Period
2023-01-01 to 2023-12-31

MARINE EDUCATION INITIATIVE INC, founded in 2012, is a small nonprofit in the Recreation & Sports sector that reported $580K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $833K exceeded revenue, resulting in a 44% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $49,756 Revenue: $0

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...

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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.

Program 2
Expenses: $211,079 Revenue: $0

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...

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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.

Program 3
Expenses: $469,108 Revenue: $30,382

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...

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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.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $626,695
Program Service Revenue $11,052
Investment Income $-76,916
Other Revenue $19,330
TOTAL REVENUE $580,161

Expense Breakdown

Grants Paid $211,079
Salaries & Benefits $253,092
Fundraising Expenses $0
Program Expenses $729,943
Other Expenses $368,764
TOTAL EXPENSES $832,935

Year-over-Year Comparison

2023 2022 Change
Revenue $580,161 $392,910 +0.5%
Expenses $832,935 $253,317 +2.3%
Net Income $-252,774 $139,593 -2.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
2
Volunteers
500

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$80,743
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW PURSEL TRUSTEE 5.00
Director
$0 $0 $0
ADAM GABAY TRUSTEE 5.00
Director
$0 $0 $0
VALENTINE THOMAS TRUSTEE 5.00
Director
$0 $0 $0
NATALIE MIAOULIS TRUSTEE 5.00
Director
$0 $0 $0
LUCAS METROPULOS PRESIDENT 20.00
Officer
$0 $0 $0
JUAN PELLERANO VICE PRESIDENT 5.00
Officer
$0 $0 $0
MATTHEW MCKAY TREASURER 5.00
Officer
$0 $0 $0
TYLER PAPERA SECRETARY 5.00
Officer
$0 $0 $0
NICHOLAS METROPULOS EXECUTIVE DIRECTOR 40.00
Officer
$80,743 $0 $80,743
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $580,161 $832,935 $944,734 $-252,774
2022 $392,910 $253,317 $1,248,493 $139,593
2021 $556,401 $355,071 $657,635 $201,330
2020 $774,966 $415,790 $456,152 $359,176
2019 $282,515 $254,766 $96,347 $27,749
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