Mahi Shriners
- Assets
- $26.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 1
- Location
- Miami, FL
- Founding
- 11/1940
- Data as of
- 12/2022
- EIN
- 59-0341750
Organization Overview
Mahi Shriners is located in Miami, FL. The organization was established in 1940. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mahi Shriners is a 501(c)(10) and as such, is described as a "Domestic Fraternal Society and/or Association" by the IRS.
For the year ending 12/2022, Mahi Shriners generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $777.0k during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FRATERNITY WITH A PHILANTHROPIC MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP DUES: MEMBERS ARE BILLED IN THE FALL FOR THE UPCOMING YEAR SO MEMBERS CAN FOSTER IN THE BROTHERHOOD AND FELLOWSHIP.
MEMBERSHIP DUES: MEMBERS ARE BILLED IN THE FALL FOR THE UPCOMING YEAR SO MEMBERS CAN FOSTER IN THE BROTHERHOOD AND FELLOWSHIP.
SOCIAL MEALS: MEMBERS ATTEND SOCIAL VENUES TO FOSTER THE BROTHERHOOD OF THE FRATERNITY
SOCIAL MEALS: MEMBERS ATTEND SOCIAL VENUES TO FOSTER THE BROTHERHOOD OF THE FRATERNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Herman Gonzalez Potenate | Officer | 10 | $0 |
Bryon Smith Chief Rabban | Officer | 6 | $0 |
William Craig Assistant Rabban | Officer | 4 | $0 |
Carlos Correa High Priest Prophet | Officer | 4 | $0 |
Serge Perez Oriental Guide | Officer | 4 | $0 |
Dale A Spear Treasurer | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $80,327 |
| Fundraising events | $9,000 |
| 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 | $89,327 |
| Total Program Service Revenue | $59,557 |
| Investment income | $1,462,188 |
| 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 | $1,605,155 |
| 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. | $52,131 |
| Compensation of current officers, directors, key employees. | $52,131 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,000 |
| Payroll taxes | $4,037 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,313 |
| Fees for services: Accounting | $18,943 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $103,318 |
| Fees for services: Other | $3,475 |
| Advertising and promotion | $29,427 |
| Office expenses | $27,455 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,015 |
| Travel | $30,369 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,294 |
| Interest | $0 |
| Payments to affiliates | $25,011 |
| Depreciation, depletion, and amortization | $21,176 |
| Insurance | $153,515 |
| All other expenses | $0 |
| Total functional expenses | $777,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,975 |
| 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 | $7,893 |
| Prepaid expenses and deferred charges | $21,349 |
| Net Land, buildings, and equipment | $51,654 |
| Investments—publicly traded securities | $26,280,581 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,726,452 |
| Accounts payable and accrued expenses | $29,961 |
| Grants payable | $0 |
| Deferred revenue | $90,659 |
| 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 | $120,620 |
| Net assets without donor restrictions | $26,090,251 |
| Net assets with donor restrictions | $515,581 |
| 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 | $26,726,452 |