Friends Of The Underline Inc is located in Miami, FL. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 09/2023, Friends Of The Underline Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Underline 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, Friends Of The Underline Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $1.9m during the year ending 09/2023. While expenses have increased by 13.6% 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
OUR VISION IS TO TRANSFORM THE UNDERUTILIZED LAND, IN THE URBAN CORE, BELOW MIAMIS METRORAIL INTO A 10-MILE NEIGHBORHOOD PARK, URBAN TRAIL AND LIVING ART DESTINATION TO CREATE A SAFER, HEALTHIER, MORE CONNECTED, MOBILE, AND ENGAGED COMMUNITY. THE UNDERLINE WILL BE OPEN TO ALL AND SERVE ALL WITH AMENITIES AND ART THAT WILL CONNECT PEOPLE TO PLACE AND EACH OTHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS WE COMPLETED OUR SECOND YEAR OF PROGRAMMING PHASE 1, PREPARED FOR THE OPENING OF PHASE 2 AND FACILITATED PUBLIC MEETINGS FOR THE DESIGN AND CONSTRUCTION OF PHASE 3, FRIENDS OF THE UNDERLINE EXPERIENCED AN INCREDIBLE YEAR OF GROWTH. IN SEPTEMBER 2023, TOGETHER WITH MIAMI DADE COUNTY, FRIENDS HOSTED THE PHASE 3, THE FINAL 7- MILE PHASE OF THE UNDERLINE, GROUND BREAKING FEATURING REPRESENTATIVES FROM LOCAL MUNICIPALITIES, THE STATE AND THE FEDERAL GOVERNMENT. THE THEME THROUGHOUT THE YEAR WAS ONE OF CONNECTIONS. WHETHER IT WAS THE DOZENS OF NONPROFITS WHO HOSTED EVENTS ON THE UNDERLINE OR THE SMALL BUSINESSES WHO ELEVATED THEIR PROFILE BY SELLING GOODS IN OUR PARK, OR THE PARTICIPANTS OUR FREE PROGRAMS, WE WERE CONNECTING WITH THE COMMUNITY. PLEASE FIND OUR HIGHLIGHTS BELOW: - LAUNCHED SEVEN NEW FREE AND PUBLIC PROGRAMS AND LAUNCHED A NEW FARMER'S MARKET, WHICH IS SUPPORTING MORE THAN 20 LOCAL BUSINESSES. - ESTABLISHED A BROAD NETWORK OF OVER 170 PARTNERS INCLUDING NON PROFITS, SCHOOLS, INSTITUTIONS AND BUSINESSES. - HOSTED MORE THAN 200 FREE PROGRAMS THAT ENAGED MIAMI'S DIVERSE DIASPORA, INCLUDING NEIGHBORHOODS SUCH AS LITTLE HAVANA, OVERTOWN, LITTLE BAHAMAS, THE ROADS, VIZCAYA AND MORE. - GREW OUR NEIGHBORHOOD AMBASSADORS GROUP MADE UP OF LIASIONS FROM ALL OF THE NEIGHBORHOODS ALONG THE UNDERLINE. - ENGAGED MORE THAN 400 VOLUNTEERS WHO CONTRIBUTED MORE THAN 4000 HOURS OF COMMUNITY SERVICE TO THE UNDERLINE. -INSTALLED NEW ENGAGING PUBLIC ARTWORKS INCLUDING TYPOE'S SCULPTURE GARDEN AND HANK WIILL THOMAS' DUALITY. - DEBUTED THE ATALA SOCIETY, A SPONSOR MEMBERSHIP GROUP COMPRISED OF DONORS GIVING FROM 1,200 TO 10,000 ANNUALLY. - SECURED MORE THAN 10 GRANTS FROM NEW FUNDING SOURCES, INCLUDING A 2 MILLION GRANT FOR URBAN FORESTRY FROM THE USDA. - HIRED OUR FIRST DEI FELLOW, WHO DRAFTED OUR ORGANIZATION'S FIRST DIVERSITY AND EQUITY FRAMEWORK, WHICH WILL DRIVE FUTURE PROGRAMMING, MARKETING AND DATA COLLECTING OBJECTIVES. ALL OF THE UNDERLINE'S HARD WORK HAS BEEN FEATURED IN LOCAL, NATIONAL AND INTERNATIONAL PUBLICATIONS, INCLUDING: THE ARCHITECT'S NEWSPAPER, CULTURED MAGAZINE, OCEAN DRIVE, BUSINESS INSIDER, MIAMI TODAY AND IMPACT EDITION. "
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Patrice Gillespie Smith President & | Officer | 25 | $151,064 |
Amy Dawn Rosenberg Chief Develo | Officer | 49 | $116,853 |
Breanna Faye Rossman Chief Techno | Officer | 25 | $36,584 |
Jessica Berrin Director | Trustee | 2 | $0 |
Kieran Bowers Director | 2 | $0 | |
Margaret Daly CEO & Chair | OfficerTrustee | 25 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
James Corner Field Operations Design Planning | 12/30/19 | $235,542 |
Plus Urbia Llc Design Planning | 12/30/19 | $111,000 |
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 | $2,284,828 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,284,828 |
Total Program Service Revenue | $0 |
Investment income | $225,712 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $21,828 |
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 | $2,682,672 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $839,445 |
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. | $302,498 |
Compensation of current officers, directors, key employees. | $30,863 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $300,598 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $82,839 |
Payroll taxes | $47,044 |
Fees for services: Management | $0 |
Fees for services: Legal | $9,386 |
Fees for services: Accounting | $47,264 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $114,206 |
Advertising and promotion | $5,264 |
Office expenses | $20,176 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $51,960 |
Travel | $1,924 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $2,438 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $2,164 |
All other expenses | $8,242 |
Total functional expenses | $1,891,792 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $507,264 |
Savings and temporary cash investments | $6,116,795 |
Pledges and grants receivable | $1,705,525 |
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 | $19,326 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $124,945 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $557,423 |
Total assets | $9,031,278 |
Accounts payable and accrued expenses | $51,639 |
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 | $150,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $76,633 |
Total liabilities | $278,272 |
Net assets without donor restrictions | $1,224,336 |
Net assets with donor restrictions | $7,528,670 |
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 | $9,031,278 |