World Trade Center Miami Inc
- Assets
- $4.0m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 12/1974
- Data as of
- 12/2023
- 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 12/2023, World Trade Center Miami Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 9 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
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 |
|---|---|---|---|
Virginia Sanchez Chair | OfficerTrustee | 1 | $0 |
Ivan Barrios President | OfficerTrustee | 40 | $278,459 |
Gary Goldfarb Treasurer | OfficerTrustee | 1 | $0 |
Rafael Diaz-Balart Director | Trustee | 1 | $0 |
Christopher Concepcion Director | Trustee | 1 | $0 |
Conchita Espinosa Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $29,500 |
| 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 | $29,500 |
| Total Program Service Revenue | $3,093,137 |
| Investment income | $39,572 |
| 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 | $3,166,368 |
| 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. | $646,497 |
| Compensation of current officers, directors, key employees. | $113,466 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,011 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $137,759 |
| Payroll taxes | $52,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,833 |
| Fees for services: Accounting | $20,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $702,196 |
| Advertising and promotion | $154,943 |
| Office expenses | $0 |
| Information technology | $75,349 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $403,019 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,687 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,412 |
| Insurance | $55,601 |
| All other expenses | $11,939 |
| Total functional expenses | $3,170,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $991,221 |
| Savings and temporary cash investments | $2,593,533 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,780 |
| 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 | $141,532 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $294,746 |
| Total assets | $4,027,812 |
| Accounts payable and accrued expenses | $66,041 |
| Grants payable | $0 |
| Deferred revenue | $83,300 |
| 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 | $149,341 |
| Net assets without donor restrictions | $3,878,471 |
| 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 | $4,027,812 |