Mdglcc Foundation Inc
- Assets
- $42.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 08/2009
- Data as of
- 12/2023
- EIN
- 26-2291157
Organization Overview
Mdglcc Foundation Inc is located in Miami Beach, FL. The organization was established in 2009. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mdglcc Foundation 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, Mdglcc Foundation Inc generated $102.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $94.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PRIMARY EXEMPT PURPOSE - THE MDGLCC FOUNDATION EXISTSTO SUPPORT THE EDUCATION, TRAVEL AND TOURISM OUTREACHEFFORTS OF THE MIAMI-DADE GAY & LESBIAN CHAMBER OF COMMERCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven N Adkins President | 20 | $0 | |
Cindy Brown Secretary | 20 | $0 | |
George D Neary Director | 0 | $0 | |
Marty Davis Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $27,575 |
| Total Revenue | $102,587 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,300 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $30,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $55,244 |
| Total expenses | $94,544 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,078 |
| Other assets | $0 |
| Total assets | $42,555 |
| Total liabilities | $25,477 |
| Net assets or fund balances | $17,078 |
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