BLUE LAB PRESERVATION SOCIETY INC

EIN: 832477089 501(c)(3) Environment

MIAMI BEACH, FL

Total Revenue
$80,502
Total Expenses
$79,253
Total Assets
$22,148
Net Assets
$10,004
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
FL
Principal Officer
XIMENA CAMINOS
Phone
2128679630
Tax Period
2023-01-01 to 2023-12-31

BLUE LAB PRESERVATION SOCIETY INC, founded in 2020, is a micro nonprofit in the Environment sector that reported $81K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS TO CATALYZE LOCAL CHANGE WITH A GLOBAL VISION AND HELP REVITALIZE THE FLORIDA REEF TRACT - THE WORLD'S THIRD LARGEST REEF SYSTEM - WHICH ONCE FLOURISHED ALONG MIAMI'S COAST BUT HAS BEEN PROFOUNDLY AFFECTED BY URBAN EXPANSION AND ECOLOGICAL DEGRADATION.THROUGH A CAREFULLY CURATED MASTERPLAN, WE STRIVE TO PROVIDE NATURE WITH A RENEWED FOUNDATION BY INSTALLING INNOVATIVE HYBRID REEF STRUCTURE AND ENVIRONMENTAL ART THAT DOUBLE AS NATURAL HABITATS. THESE INSTALLATIONS OFFER CORALS A STABLE GROUND TO REGENERATE AND CREATE ESSENTIAL REFUGES FOR MARINE LIFE, ENHANCING BIODIVERSITY AND RESILIENCE WITHIN MIAMI'S MARINE ECOSYSTEM.BY MERGING ART, SCIENCE, AND CONSERVATION, THE REEFLINE RAISES PUBLIC CONSCIOUSNESS AND NURTURES A COLLECTIVE COMMITMENT TO OCEAN PRESERVATION. OUR INITIATIVES INVITE THE COMMUNITY TO PLAY AN ACTIVE ROLE IN SAFEGUARDING OUR NATURAL HERITAGE, BUILDING A SUSTAINABLE PATHWAY FOR BOTH NATURE AND SOCIETY TO THRIVE IN HARMONY FOR A RESILIENT, VIBRANT FUTURE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $80,498
Program Service Revenue $0
Investment Income $4
Other Revenue $0
TOTAL REVENUE $80,502

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $79,233
Other Expenses $79,253
TOTAL EXPENSES $79,253

Year-over-Year Comparison

2023 2022 Change
Revenue $80,502 $60,004 +0.3%
Expenses $79,253 $150,351 -0.5%
Net Income $1,249 $-90,347 -1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
1

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
XIMENA CAMINOS PRESIDENT 40.00
Officer Director
$0 $0 $0
BRANDI REDDICK EXECUTIVE DIRECTOR 40.00
Officer Director
$0 $0 $0
LUCIANO FERREYRA FLEITAS CHAIR 10.00
Officer Director
$0 $0 $0
LAUREN CRAMER SECRETARY 5.00
Officer Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $80,502 $79,253 $22,148 $1,249
2022 $60,004 $150,351 $9,675 $-90,347
2021 $215,641 $126,511 $100,022 $89,130
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