Parks Foundation Of Miami-Dade Inc
- Assets
- $1.8m
- Revenue
- $492.4k
- Investments
- $0.0
- Employees
- 57
- Location
- Miami, FL
- Founding
- 11/2004
- Data as of
- 12/2023
- EIN
- 20-0924393
Organization Overview
Parks Foundation Of Miami-Dade Inc is located in Miami, FL. The organization was established in 2004. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Parks Foundation Of Miami-Dade Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parks Foundation Of Miami-Dade 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 12/2023, Parks Foundation Of Miami-Dade Inc generated $492.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $526.7k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE RECREATIONAL, EDUCATIONAL, ENVIRONMENTAL AND CULTURAL LIFE OF THE MIAMI-DADE COUNTY COMMUNITY BY ENCOURAGING AND SOLICITING SUPPORT FOR OUR COUNTY'S PARK SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FIT2LEAD YOUTH DEVELOPMENT AND INTERNSHIP PROGRAM FOCUSED ON PROVIDING ACADEMIC SUPPORT, SOCIAL-EMOTIONAL LEARNING, JOB TRAINING, CIVIC ENGAGEMENT OPPORTUNITIES AND SKILL-BUILDING IN SPORTS AND JOB READINESS FOR HIGH-NEED YOUTH IN GRADES 9-12. THE PROGRAM IS PROVIDED THROUGHOUT VARIOS PARKS IN THE GOULDS, PERRINE, EUREKA, AND RICHMOND AREAS OF MIAMI-DADE COUNTY.
OTHER VARIOUS PROGRAMS: THE PARKS FOUNDATION PROVIDES ADDITIONAL SUPPORT FOR VOLUNTEERS, BEACH AND NATURE CENTER CLEAN-UP AND BEAUTIFICATION PROJECTS UTILIZING SPECIAL EVENTS THAT PROVIDE RICH AND DIVERSE CULTURAL EXPERIENCES FOR RESIDENTS AND VISITORS. THE PARKS FOUNDATION ALSO PROVIDES EDUCATIONAL PROGRAMS FOR CHILDREN RELATED TO BIKE, SWIMMING SAFETY, ECO ADVENTURES AND SEA TURTLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline O Connor President | OfficerTrustee | 3 | $0 |
William R Derrer Treasurer | OfficerTrustee | 2 | $0 |
Loreen Chant Director | Trustee | 1 | $0 |
Jose Felix Diaz Director | Trustee | 1 | $0 |
Danlys Hernandez Director | Trustee | 1 | $0 |
Loren Parra Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $218,479 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $356,915 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $575,394 |
| Total Program Service Revenue | $0 |
| Investment income | $11,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,924 |
| Net Income from Fundraising Events | -$127,619 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $492,425 |
| 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 | $82,215 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,576 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $243,217 |
| Advertising and promotion | $922 |
| Office expenses | $0 |
| Information technology | $5,353 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,066 |
| 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 | $565 |
| All other expenses | $0 |
| Total functional expenses | $526,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $925,355 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $146,983 |
| 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 | $49,990 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $715,007 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,837,335 |
| Accounts payable and accrued expenses | $31,840 |
| Grants payable | $0 |
| Deferred revenue | $33,000 |
| 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 | $589,577 |
| Total liabilities | $654,417 |
| Net assets without donor restrictions | $862,595 |
| Net assets with donor restrictions | $320,323 |
| 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 | $1,837,335 |