Big Brothers Big Sisters Of Miami Foundation Inc
- Assets
- $4.9m
- Revenue
- $81.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 11/2012
- Data as of
- 06/2023
- EIN
- 45-4223565
Organization Overview
Big Brothers Big Sisters Of Miami Foundation Inc is located in Miami, FL. The organization was established in 2012. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Brothers Big Sisters Of Miami 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 06/2023, Big Brothers Big Sisters Of Miami Foundation Inc generated $81.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (31.0%) each year. All expenses for the organization totaled $96.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (23.6%) per year over the past 8 years. 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
ITS MISSION IS FOR THE PURPOSE OF RAISING FUNDS AND ADMINISTERING SUCH FUNDS FOR THE BENEFITS OF BIG BROTHERS BIG SISTERS OF MIAMI, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIG BROTHERS BIG SISTERS OF MIAMI FOUNDATION, INC. (THE "FOUNDATION") WAS ORGANIZED IN NOVEMBER 2011 AS A NON-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF FLORIDA, FOR THE PURPOSE OF RAISING FUNDS AND ADMINISTERING SUCH FUNDS FOR THE BENEFIT OF BIG BROTHERS BIG SISTERS OF MIAMI, INC., (THE "AGENCY"), A 501(C)(3) NON-PROFIT ORGANIZATION. IN FISCAL YEAR 2019 THE FOUNDATION CEASED TO RAISE FUNDS ON BEHALF OF THE AGENCY AND IS COLLECTING OUTSTANDING PLEDGES AND ADMINISTERING COLLECTED FUNDS FOR THE BENEFIT OF THE AGENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Gorson Co-Chair | OfficerTrustee | 0.5 | $0 |
Richard L Kohan Director | Trustee | 0.5 | $0 |
Bonnie Crabtree Director | Trustee | 0.5 | $0 |
Gabe Navarro Co-Chair | OfficerTrustee | 0.5 | $0 |
Gary Saslaw Director | Trustee | 0.5 | $0 |
Gale S Nelson President & CEO | OfficerTrustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $91,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,394 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $81,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $48,500 |
| 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 | $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 | $6,832 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,000 |
| 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 | $32,560 |
| Insurance | $2,137 |
| All other expenses | $63 |
| Total functional expenses | $96,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,829 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,065 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,061,229 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,719 |
| Net Land, buildings, and equipment | $52,544 |
| Investments—publicly traded securities | $371,047 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $62,938 |
| Total assets | $4,871,371 |
| Accounts payable and accrued expenses | $47,361 |
| 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 | $47,361 |
| Net assets without donor restrictions | $4,800,880 |
| Net assets with donor restrictions | $23,130 |
| 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 | $4,871,371 |
Grants Awarded
Over the last fiscal year, Big Brothers Big Sisters Of Miami Foundation Inc has awarded $157,067 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF MIAMI PURPOSE: PROGRAM SUPPORT | $111,500 |
BIG BROTHERS BIG SISTERS MIAMI INSTITUTE PURPOSE: PROGRAM SUPPORT | $45,567 |