Endeavor Miami Inc
- Assets
- $2.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Miami, FL
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-3605872
Organization Overview
Endeavor Miami Inc is located in Miami, FL. The organization was established in 2014. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Endeavor Miami Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Endeavor 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 12/2021, Endeavor Miami Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 9.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENDEAVOR MIAMI INC'S MISSION IS TO LEAD THE MOVEMENT TO CATALYZE LONG-TERM ECONOMIC GROWTH BY SELECTING, MENTORING, AND ACCELERATING THE BEST HIGH IMPACT ENTREPRENEURS IN THE SOUTH FLORIDA REGION. HIGH-IMPACT ENTREPRENEURS ARE INDIVIDUALS WHO SHOW TREMENDOUS ENTREPRENEURIAL AND LEADERSHIP POTENTIAL, CAN BUILD HIGH-GROWTH BUSINESSES WITH SIGNIFICANT JOB-CREATING OPPORTUNITIES AND EXHIBIT COMMITMENT TO THE DEVELOPMENT OF THEIR LOCAL COMMUNITY, WHICH BECOMES A KEY-DRIVER OF ECONOMIC GROWTH. ENDEAVOR WAS FOUNDED ON THE BELIEF THAT JOB CREATION, INNOVATION, AND OVERALL PROSPERITY FLOURISH WHERE THERE IS ROBUST SUPPORT FOR HIGH-IMPACT ENTREPRENEURS. ENDEAVOR MIAMI PROVIDES RESOURCES THAT ARE NOT OTHERWISE AVAILABLE IN ORDER TO SELECT HIGH-IMPACT ENTREPRENEURS, SO THAT THEY ARE ABLE TO SCALE THEIR BUSINESSES, INCREASE EMPLOYMENT OPPORTUNITIES AND PROVIDE A BASIS FOR SUSTAINED ECONOMIC GROWTH IN SOUTH FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021, ENDEAVOR MIAMI REVIEWED CLOSE TO 350 CANDIDATESENTREPRENEURS, COORDINATED MENTORS TO CONDUCT SECOND OPINION REVIEWS WITH 15 COMPANIES, PREPARED 5 COMPANIES WHICH PRESENTED AT LOCAL SELECTION PANELS, AND SUPPORTED 5 COMPANY TO PRESENT AT INTERNATIONAL SELECTION PANELS. THIS RESULTED IN 3 COMPANIES BEING SELECTED AS ENDEAVOR ENTREPRENEURS IN 2021.ENDEAVOR MIAMI SUPPORTED 20 ACTIVE COMPANIES, LED BY 37 ENDEAVOR ENTREPRENEURS. THESE ENTREPRENEURS GENERATED CLOSE TO $340 MILLION DOLLARS IN REVENUE, AND OVER 3,000 JOBS DURING 2021.ALSO, THROUGH OUR ACCELERATOR PROGRAMS, ENDEAVOR LAB AND SCALEUP, WE SUPPORTED 46 COMPANIES IN 2021.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claudia Duran Managing Director | Officer | 40 | $243,000 |
Ernest Bachrach Co-Chairman | OfficerTrustee | 2.6 | $0 |
Andres Moreno Co-Chairman | OfficerTrustee | 2.3 | $0 |
Sean Wolffington Director | Trustee | 0.3 | $0 |
Alberto Beeck Director | Trustee | 0.3 | $0 |
Aj Nahmad Director | Trustee | 0.3 | $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 | $1,661,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,661,688 |
| Total Program Service Revenue | $0 |
| Investment income | $532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$49,005 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,752,588 |
| 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. | $243,000 |
| Compensation of current officers, directors, key employees. | $19,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $568,586 |
| Pension plan accruals and contributions | $10,112 |
| Other employee benefits | $60,639 |
| Payroll taxes | $51,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,272 |
| Advertising and promotion | $26,792 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,172 |
| Travel | $13,425 |
| 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 | $3,444 |
| All other expenses | $0 |
| Total functional expenses | $1,300,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,167,794 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $293,871 |
| 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 | $4,791 |
| Total assets | $2,466,456 |
| Accounts payable and accrued expenses | $31,943 |
| 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 | $31,943 |
| Net assets without donor restrictions | $2,434,513 |
| Net assets with donor restrictions | $0 |
| 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 | $2,466,456 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Endeavor Miami Inc has recieved totaling $124,420.
| Awarding Organization | Amount |
|---|---|
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $85,000 |
Endeavor Global Inc New York, NY PURPOSE: SUPPORT ENTREPRENURSHIP IN REGION | $24,420 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Bay Park Conservancy Inc Sarasota, FL | $16,645,209 | $18,178,827 |
Florida Opportunity Fund Inc Orlando, FL | $119,810,322 | $8,334,220 |
Florida Community Loan Fund Orlando, FL | $108,210,727 | $7,672,092 |
Bac Funding Corporation Miami, FL | $17,927,247 | $4,831,785 |
Community And Economic Development Quincy, FL | $11,268,446 | $5,882,256 |
Broward County Community Development Corporation Inc Fort Lauderdale, FL | $8,205,586 | $4,659,433 |
Miami Beach Community Development Corporation Inc Miami Beach, FL | $28,003,490 | $2,129,125 |
Neighbors And Neighbors Association Inc Miami, FL | $2,936,211 | $3,300,045 |
Pasco Economic Development Council Inc Lutz, FL | $4,349,801 | $2,360,770 |
Sunshine State Economic Development Corp Clearwater, FL | $6,634,562 | $1,695,679 |
Small Business Assistance Corp Savannah, GA | $17,970,431 | $1,539,306 |
Endeavor Miami Inc Miami, FL | $2,466,456 | $1,752,588 |