Breakthrough Miami Inc
- Assets
- $3.5m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 176
- Location
- Miami, FL
- Founding
- 08/2008
- Data as of
- 09/2023
- EIN
- 26-2105534
Organization Overview
Breakthrough Miami Inc is located in Miami, FL. The organization was established in 2008. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 09/2023, Breakthrough Miami Inc employed 176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breakthrough Miami 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 09/2023, Breakthrough Miami Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $5.0m during the year ending 09/2023. While expenses have increased by 9.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
BREAKTHROUGH MIAMI USES A UNIQUE "STUDENTS-TEACHING-STUDENTS" MODEL TO CREATE A RIGOROUS, VIBRANT LEARNING COMMUNITY, WHERE HIGHLY MOTIVATED, TRADITIONALLY UNDERREPRESENTED 5TH-12TH GRADE STUDENTS ARE SUPPORTED TO ACHIEVE POST-SECONDARY SUCCESS AND EMERGING LEADERS ARE INSPIRED TO BECOME THE NEXT GENERATION OF EDUCATORS AND ADVOCATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BREAKTHROUGH MIAMI IMPACTS 2,000 YOUNG PEOPLE EACH YEAR, INCLUDING MORE THAN 1500 5TH-12TH GRADERS ON AN 8-YEAR SCHOLAR JOURNEY, 140 TEACHING FELLOWS SERVING IN A PAID SUMMER LEADERSHIP INTERNSHIP, AND 500 STUDENT VOLUNTEERS ACROSS EIGHT SITES. MORE THAN 90% OF BREAKTHROUGH SCHOLARS TAKE ADVANCED COURSES, 100% GRADUATE FROM HIGH SCHOOL ON TIME, AND 98% ENROLL IMMEDIATELY IN COLLEGE. A ROBUST AMERICORPS PROGRAM, BREAKTHROUGH HAS GROWN TO SUPPORT 154 MEMBERS SERVING AS TEACHING FELLOWS AND SUCCESS COACHES, AND IS NOW ONE OF THE LARGEST PARTNERS IN FLORIDA. BREAKTHROUGH MIAMI WAS HONORED AS THE 2023 PROGRAM OF THE YEAR BY THE CHILDREN'S TRUST, RECOGNIZING OUTSTANDING EXCELLENCE IN YOUTH DEVELOPMENT. BUILDING ON 33 YEARS OF EXPERIENCE. BREAKTHROUGH MIAMI IS ACTIVELY EXPANDING TO SERVE MORE STUDENTS AND FAMILIES IN SOUTH FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori-Ann Cox CEO | Officer | 40 | $200,000 |
Nicole Kaufman Glasgow Chief Philan | 40 | $171,404 | |
Jeffrey S Miller Chair | OfficerTrustee | 1 | $0 |
Michael Elkin Vice Chair | OfficerTrustee | 1 | $0 |
Taylor White Director | Trustee | 1 | $0 |
Regina Frazier Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Air B School Bus Transportation Transporation | 9/29/22 | $357,505 |
Wow Mktg Event Production | 9/29/22 | $132,142 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,612,841 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,392,066 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,004,907 |
| Total Program Service Revenue | $0 |
| Investment income | $4,509 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $482,399 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,524,592 |
| 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 | $2,582,823 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $260,049 |
| Payroll taxes | $193,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $92,304 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $140,547 |
| Advertising and promotion | $14,320 |
| Office expenses | $5,450 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,862 |
| Travel | $15,735 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,250 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,509 |
| All other expenses | $514,196 |
| Total functional expenses | $4,952,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,864,586 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,611,795 |
| 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 | $1,281 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,873 |
| Total assets | $3,480,535 |
| Accounts payable and accrued expenses | $138,269 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $138,269 |
| Net assets without donor restrictions | $2,681,534 |
| Net assets with donor restrictions | $660,732 |
| 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 | $3,480,535 |