Miami Beach Chamber Education Foundation
- Assets
- $244.0k
- Revenue
- $394.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 01/2001
- Data as of
- 09/2023
- EIN
- 31-1735967
Organization Overview
Miami Beach Chamber Education Foundation is located in Miami Beach, FL. The organization was established in 2001. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miami Beach Chamber Education Foundation 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, Miami Beach Chamber Education Foundation generated $394.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $282.6k during the year ending 09/2023. While expenses have increased by 18.3% 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.
Since 2015, Miami Beach Chamber Education Foundation has awarded 17 individual grants totaling $807,285. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE MIAMI BEACH CHAMBER OF COMMERCE'S EDUCATION FOUNDATION IS TO BRING TOGETHER THE STRENGTHS AND RESOURCES OF THE COMMUNITY TO SUPPORT THE NEEDS OF PUBLIC EDUCATION IN MIAMI BEACH. TO STIMULATE GREATER GOVERNMENTAL AND PUBLIC AWARENESS AND APPRECIATION OF THE IMPORTANCE OF PUBLIC EDUCATION IN MIAMI BEACH; TO ENCOURAGE GREATER AND MORE EFFICIENT USE OF GOVERNMENTAL AND PRIVATE RESOURCES FOR THE DEVELOPMENT AND SUPPORT OF PUBLIC EDUCATION IN MIAMI BEACH; TO ENCOURAGE AND SUPPORT PUBLIC EDUCATION IN MIAMI BEACH; TO CREATE AND SUPPORT EDUCATIONAL OPPORTUNITIES FOR RESIDENTS OF MIAMI BEACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MIAMI BEACH CHAMBER EDUCATION FOUNDATION ALSO SPEARHEADED THE SCHOOL HEALTHCARE INITIATIVE TO PROVIDE ON-SITE HEALTHCARE IN THREE MIAMI BEACH FEEDER PATTERN SCHOOLS. THE THREE SCHOOLS - RUTH K. BROAD K-8 CENTER, NORTH BEACH ELEMENTARY AND TREASURE ISLAND ELEMENTARY - PREVIOUSLY DID NOT HAVE ACCESS TO MEDICAL ATTENTION, BUT THANKS TO THE EFFORTS OF THE FOUNDATION AND THE UNPRECEDENTED COLLABORATION WITH FIVE MUNICIPALITIES AND MORE THAN A DOZEN ORGANIZATIONS, THEY NOW DO. WITH THE FUNDS RAISED, THE INITIATIVE WAS ABLE TO FULLY IMPLEMENT THE HEALTH CONNECT IN OUR SCHOOLS MODEL, CURRENTLY UTILIZED THROUGHOUT MIAMI-DADE COUNTY PUBLIC SCHOOLS BY CHILDREN'S TRUST, IN THE FEEDER PATTERN SCHOOLS. EACH SCHOOL NOW HAS A NURSE, MEDICAL ASSISTANT AND SOCIAL WORKER ON STAFF.
CURRENT COMPONENTS PROVIDED BY THE MIAMI BEACH CHAMBER'S EDUCATION FOUNDATION INCLUDE A VARIETY OF DONATIONS FOR SCHOLARSHIP FUNDS SUPPORTED BY EVENTS HOSTED THROUGHOUT THE YEAR AS WELL AS PROGRAMMING TO HELP EDUCATE THE FUTURE LEADERS OF THE COMMUNITY. PROCEEDS HELP FUND PROGRAMMING COSTS FOR THE INTERNATIONAL BACCALAUREATE (IB) PROGRAMS AVAILABLE AT ALL THE PUBLIC SCHOOLS IN THE CITY OF MIAMI BEACH, A UNIQUE SCHOOL SYSTEM IN ITSELF AS THERE IS A FEEDER PATTERN PROGRAM WITH FIVE PUBLIC SCHOOLS ON MIAMI BEACH FEEDING INTO ONE PUBLIC HIGH SCHOOL. THE IB PROGRAM HELPS DEVELOP THE INTELLECTUAL, PERSONAL, EMOTIONAL, AND SOCIAL SKILLS OF STUDENTS FROM AGE 3 TO 19 TO LIVE, LEARN, AND WORK IN A RAPIDLY GLOBALIZING WORLD. IN ADDITION TO THIS PROGRAM, THE EDUCATION FOUNDATION IS ABLE TO PROVIDE SCHOLARSHIPS AT THE END OF EACH SCHOOL YEAR TO GRADUATING SENIORS AT MIAMI BEACH SENIOR HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Tandy Chair | OfficerTrustee | 0.1 | $0 |
Alfredo J Gonzalez Vice Chair | OfficerTrustee | 0.1 | $0 |
Richard Segal Chair-Elect | OfficerTrustee | 0.1 | $0 |
Steven Kreinik Treasurer | OfficerTrustee | 0.1 | $0 |
Andres Asion Board Member | Trustee | 0.1 | $0 |
Thais Asper Board Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $212,293 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,768 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $394,061 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $394,061 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $277,913 |
| Grants and other assistance to domestic individuals. | $2,600 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,628 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $282,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,019 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $244,019 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $138,654 |
| Net assets with donor restrictions | $105,365 |
| 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 | $244,019 |
Grants Awarded
Over the last fiscal year, Miami Beach Chamber Education Foundation has awarded $251,999 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BORINQUEN HEALTH CARE CENTER PURPOSE: HEALTHCARE | $21,446 |
FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC PURPOSE: FIRST GENERATION SCHOLARSHIPS | $17,500 |
MIAMI BEACH SENIOR HIGH SCHOOL PURPOSE: KITCHEN EQUIPMENT | $112,000 |
THE CHILDREN'S TRUST PURPOSE: HEALTHCARE | $101,053 |