World Trade Center Miami Inc
- Assets
- $4.6m
- Revenue
- $173.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 12/1974
- Data as of
- 12/2021
- EIN
- 59-1369971
Organization Overview
World Trade Center Miami Inc is located in Miami, FL. The organization was established in 1974. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Trade Center Miami Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, World Trade Center Miami Inc generated $173.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (33.9%) each year. All expenses for the organization totaled $774.0k during the year ending 12/2021. 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
THE WORLD TRADE CENTER SERVES TO INCREASE INTERNATIONAL TRADE AND COMMERCE FOR MIAMI AND PROMOTES MIAMI AS THE TRADE AND LOGISTICS HUB OF THE AMERICAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMINARS, CONFERENCES AND INTERNATIONAL TRADE SHOWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ivan Barrios President | OfficerTrustee | 40 | $175,000 |
Virginia Sanchez Chair | OfficerTrustee | 1 | $0 |
Christine Boldt First Vice Chair | OfficerTrustee | 1 | $0 |
Carolina Reindeiro Treasurer | OfficerTrustee | 1 | $0 |
Christopher Concepcion Director | Trustee | 1 | $0 |
Conchita Espinosa Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $130,777 |
| 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 | $130,777 |
| Total Program Service Revenue | $36,600 |
| Investment income | $6,546 |
| 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 | $173,923 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $339,901 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,933 |
| Payroll taxes | $24,242 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $146,452 |
| Advertising and promotion | $0 |
| Office expenses | $42,410 |
| Information technology | $10,739 |
| Royalties | $0 |
| Occupancy | $85,674 |
| Travel | $9,910 |
| 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 | $31,762 |
| Insurance | $24,058 |
| All other expenses | $0 |
| Total functional expenses | $773,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $612,452 |
| Savings and temporary cash investments | $3,483,453 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $159,670 |
| 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 | $186,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $159,635 |
| Total assets | $4,602,034 |
| Accounts payable and accrued expenses | $6,608 |
| Grants payable | $0 |
| Deferred revenue | $810,620 |
| 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 | $817,228 |
| Net assets without donor restrictions | $3,784,806 |
| 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 | $4,602,034 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Tourism Industry Marketing Corporation Inc Tallahassee, FL | $33,820,067 | $62,895,567 |
Orlando Orange County Convention & Visitors Bureau Inc Orlando, FL | $46,615,114 | $65,101,599 |
Greater Miami Convention And Visitors Bureau Inc Miami, FL | $31,705,005 | $32,926,540 |
Miami Association Of Realtors Inc Miami, FL | $56,284,695 | $21,744,917 |
Metropolitan Atlanta Chamber Of Commerce Inc Atlanta, GA | $19,028,351 | $14,011,506 |
Savannah Area Chamber Of Commerce Savannah, GA | $13,537,143 | $16,865,609 |
Orlando Regional Realtor Association Inc Orlando, FL | $41,443,880 | $9,652,407 |
Jacksonville Regional Chamber Of Commerce Inc Jacksonville, FL | $9,462,619 | $9,572,618 |
Orlando Economic Partnership Inc Orlando, FL | $7,838,258 | $8,634,020 |
Florida Chamber Of Commerce Tallahassee, FL | $11,287,883 | $6,720,102 |
The Economic Development Partnership Of Alabama Inc Birmingham, AL | $16,193,879 | $5,250,949 |
Gwinnett Chamber Of Commerce Inc Duluth, GA | $6,627,911 | $6,072,892 |