First Serve Miami Inc is located in Miami, FL. The organization was established in 1977. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 07/2023, First Serve Miami Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Serve Miami 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 07/2023, First Serve Miami Inc generated $329.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $423.8k during the year ending 07/2023. While expenses have increased by 14.9% per year over the past 7 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 ORGANIZATIONS PURPOSE IS TO SERVE INDIVIDUALS WHO EXPRESS AN INTEREST IN LEARNING TENNIS THROUGH A VARIETY OF DEVELOPMENT PROGRAMS INCLUDING AFTER SCHOOL TENNIS PROGRAMS, INSTRUCTIONAL PROGRAMS AND EXCELLENCE DEVELOPMENT PROGRAMS.A VARIETY OF DEVELOPMENT PROGRAMS INCLUDING AFTER SCHOOL TENNIS PROGRAMS, INSTRUCTIONAL PROGRAMS AND EXCELLENCE DEVELOPMENT PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST SERVE MIAMI (FSM) IS A COMMUNITY-BASED ORGANIZATION LOCATED IN MIAMI, FLORIDA THAT WAS ESTABLISHED IN 1974 TO SUPPORT THE DEVELOPMENT OF YOUTH THROUGH ACADEMICS AND ATHLETICS (TENNIS). AS A 501C3 NOT-FOR PROFIT ORGANIZATION, FSM HAS IMPACTED THE LIVES OF WELL OVER 40,000 MIAMI YOUTH AT MOORE PARK AND OTHER COMMUNITY PARKS THROUGHOUT SOUTH FLORIDA. FSM HAS BEEN A SUCCESSFUL ORGANIZATION BECAUSE OF ITS ONGOING PARTNERSHIP WITH THE CITY OF MIAMI'S PARKS AND RECREATION DEPARTMENT, AND SPONSORS, SUCH AS THE CHILDREN'S TRUST, UNITED STATES TENNIS ASSOCIATION FOUNDATION AND FLORIDA SECTION (USTAF & USTA-FL), THE GARNER FOUNDATION, MIAMI OPEN. OUR SUPPORT ALSO INCLUDES MANY SOUTH FLORIDA AND MIAMI-BASED INFLUENTIAL INDIVIDUALS INCLUDING GERALD MOORE, ESQ, MANUEL MEDINA, ALAN ROSENTHAL, ESQ, DR. JOHN URIBE, JEFFREY BINDER, AND FRED STOLLE. WITH THE AFOREMENTIONED SUPPORT, FSM HAS CREATED AND IMPLEMENTED IMPACTFUL SKILLS DEVELOPMENT PROGRAMS AT MOORE PARK FOR MIAMI'S UNDERSERVED YOUTH FROM AGES FIVE (5) THROUGH EIGHTEEN (18) YEARS OLD. SINCE 1999, WE HAVE UTILIZED THE ASHE-BUCHHOLZ TENNIS CENTER AT MOORE PARK TO TEACH YOUTH LIFE SKILLS, TENNIS, LITERACY, AND NUTRITION, AS WELL AS PROVIDED TRAINING IN DRUG ABUSE, GANG VIOLENCE, TEAMWORK, AND CONFLICT RESOLUTION/CRISIS DE-ESCALATION. THROUGH OUR ELITE PROGRAM, ADOPT-A-PLAYER THAT BEGAN IN 2008, FSM HAS HELPED FIFTY-SEVEN (57) OF FIFTY-EIGHT (58) HIGH SCHOOL GRADUATES OBTAIN FULL OR PARTIAL SCHOLARSHIPS TO ATTEND COLLEGES AND UNIVERSITIES SUCH AS ST. THOMAS UNIVERSITY, MIAMI DADE COLLEGE, WINGATE UNIVERSITY, VANDERBILT UNIVERSITY, TEXAS UNIVERSITY, FLORIDA INTERNATIONAL UNIVERSITY AND BOSTON COLLEGE. IN ADDITION, FSM PARTNERED WITH USTAF AND USTA-FL IN SEPTEMBER 2021 AND IMPLEMENTED THE SOUTH FLORIDA YOUTH TENNIS PROGRAM (SFYTP). SFYTP WAS CREATED TO OFFICIALLY OPERATE IN MIAMI DADE AND BROWARD COUNTIES' EXISTING AFTERSCHOOL PROGRAMMING OPERATING IN UNDERSERVED COMMUNITIES. SINCE THE INCEPTION OF SEPTEMBER 2021 TO TODAY, FSM HAS IMPACTED OVER 1,500 YOUTH BY INTRODUCING THEM TO TENNIS FOR THE FIRST TIME.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Anjenette L Rivera Executive Di | Officer | 35 | $32,000 |
James Champion Chairman | OfficerTrustee | 20 | $0 |
Jessica Baron Green Member | Trustee | 10 | $0 |
Tracy Colden Member | Trustee | 10 | $0 |
Larry Cole Secretary | OfficerTrustee | 6 | $0 |
Jc Campuzano Member | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $139,000 |
Related organizations | $0 |
Government grants | $181,627 |
All other contributions, gifts, grants, and similar amounts not included above | $39,916 |
Noncash contributions included in lines 1a–1f | $13,000 |
Total Revenue from Contributions, Gifts, Grants & Similar | $360,543 |
Total Program Service Revenue | $7,735 |
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 | -$38,940 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $329,354 |
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 | $184,700 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
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 | $51,448 |
Advertising and promotion | $54,740 |
Office expenses | $14,995 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $5,442 |
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 | $0 |
Insurance | $2,828 |
All other expenses | $0 |
Total functional expenses | $423,845 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $22,307 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $90,585 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $112,892 |
Accounts payable and accrued expenses | $41,644 |
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 | $0 |
Total liabilities | $41,644 |
Net assets without donor restrictions | $71,248 |
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 | $112,892 |