Transition Inc
- Assets
- $276.2k
- Revenue
- $341.2k
- Investments
- $0.0
- Employees
- 23
- Location
- Miami, FL
- Founding
- 11/1993
- Data as of
- 06/2021
- EIN
- 59-1440609
Organization Overview
Transition Inc is located in Miami, FL. The organization was established in 1993. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Transition Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transition 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 06/2021, Transition Inc generated $341.2k 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 (13.6%) each year. All expenses for the organization totaled $410.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 7 years. 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
PROVIDES VOCATIONAL AND JOB PLACEMENT PROGRAM THAT ASSISTS INDIVIDUALS IN OBTAINING EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES REVENUE AND EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David K Tucker President | OfficerTrustee | 5 | $0 |
Benjamin S Waxman Treasurer | OfficerTrustee | 2 | $0 |
Ashley Litwin Vice President | OfficerTrustee | 2 | $0 |
Adam Schachter Secretary | OfficerTrustee | 2 | $0 |
Joel Rauzin Director | Trustee | 1 | $0 |
Jed Dwyer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $341,156 |
| Investment income | $0 |
| 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 | $341,156 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $267,030 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,530 |
| Payroll taxes | $23,119 |
| 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 | $0 |
| Advertising and promotion | $124 |
| Office expenses | $19,280 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,250 |
| Travel | $9,400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,141 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,423 |
| All other expenses | $0 |
| Total functional expenses | $409,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,972 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $163,234 |
| 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 | $900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $76,054 |
| Total assets | $276,160 |
| Accounts payable and accrued expenses | $80,478 |
| 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 | $21,090 |
| Total liabilities | $101,568 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $174,592 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Transition Inc has recieved totaling $52,665.
| Awarding Organization | Amount |
|---|---|
Edward S Moore Family Foundation Inc Brooklyn, NY PURPOSE: GENERAL | $25,000 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $17,500 |
Ruth Anderson Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $10,000 |
Charles L Weisberg Family Foundation Inc Louisville, KY PURPOSE: GENERAL FUND | $150 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
E&ss Foundation Inc Atlanta, GA | $118,157,057 | $264,264,546 |
Copperhead Charities Inc Palm Harbor, FL | $5,855,870 | $16,276,032 |
Hfsf Grants Management Inc Miami, FL | $164,842,326 | $9,370,110 |
Healthcare Georgia Foundation Inc Atlanta, GA | $145,422,542 | $18,331,596 |
The David Herro Charitable Foundation Palm Beach, FL | $0 | $2,921,972 |
Rally Foundation Inc Atlanta, GA | $9,445,133 | $7,328,050 |
David A Straz Jr Foundation Tampa, FL | $131,621,183 | $77,599,258 |
Stoops Family Foundation Inc Delray Beach, FL | $20,465,985 | $11,384,519 |
Project Akilah Inc Tampa, FL | $3,270,009 | $3,129,345 |
Dadefund Inc Miami, FL | $3,023 | $29,705 |
Key Center Foundation Inc Lecanto, FL | $2,199,130 | $3,104,172 |
Ezra International Melbourne, FL | $2,162,759 | $2,300,769 |