Dr Martin Luther King Jr Parade And Festivities Committee Inc
- Assets
- $85.9k
- Revenue
- $323.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 02/1986
- Data as of
- 04/2023
- EIN
- 59-2481519
Organization Overview
Dr Martin Luther King Jr Parade And Festivities Committee Inc is located in Miami, FL. The organization was established in 1986. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dr Martin Luther King Jr Parade And Festivities Committee 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 04/2023, Dr Martin Luther King Jr Parade And Festivities Committee Inc generated $323.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.6% each year . All expenses for the organization totaled $297.1k during the year ending 04/2023. While expenses have increased by 36.3% per year over the past 6 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
MLK PARADE AND FESTIVAL SERVES OVER 500,000 PEOPLE ANNUALLY AND HONORS THE MEMORY OF DR. MARTIN LUTHER KING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PRESENTS THE NATION'S OLDEST (46 YEARS), LARGEST (500,000 IN ATTENDANCE DURING THE DAY-LONG EVENTS) MLK HOLIDAY PARADE & FESTIVAL THAT COMMEMORATES THE CIVIL RIGHTS ICON'S LEGACY. IT PROMOTES ALL HUMAN VALUE & POTENTIAL AS A MEANS TO ELIMINATE POVERTY, RACISM, & VIOLENCE. BEGINNING IN LIBERTY CITY & ENDING AT MLK PARK, THE EVENT SPOTLIGHTS A DIVERSE CULTURE & FEATURES ARTS PROGRAMMING, ENTERTAINMENT & CULINARY EXPERIENCES THAT HONOR, PROMOTE & UNIFY CIVIC PRIDE & ENGENDERS COMMITMENT TO CULTURAL EDUCATION, GROWTH & DEVELOPMENT. IN ADDITION, THROUGHOUT THE YEAR, THE ORGANIZATION PROVIDES ECONOMIC EDUCATIONAL SEMINARS FOR TEENS, COMMUNITY OUTREACH TO SENIORS, SCHOLARSHIPS, AND VARIOUS CULTURAL ENRICHMENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ladi Jenkins Presdient | OfficerTrustee | 6 | $0 |
Timothy Bostic Jr VP Of Operat | OfficerTrustee | 0.4 | $0 |
Girlean Tinsley VP Of Commun | OfficerTrustee | 0.7 | $0 |
Denise Stewart Secretary | OfficerTrustee | 1.6 | $0 |
Voncarol Kinchens Director | Trustee | 0.28 | $0 |
Marjorie Weber Director | Trustee | 0.28 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,840 |
| All other contributions, gifts, grants, and similar amounts not included above | $245,400 |
| Noncash contributions included in lines 1a–1f | $205,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $279,240 |
| Total Program Service Revenue | $44,602 |
| 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 | $323,842 |
| 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 | $0 |
| 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 | $475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $206,992 |
| Office expenses | $7,855 |
| Information technology | $362 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,329 |
| 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 | $8,689 |
| All other expenses | $3,948 |
| Total functional expenses | $297,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,938 |
| 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 | $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 | $85,938 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,325 |
| Total liabilities | $2,325 |
| Net assets without donor restrictions | $83,613 |
| 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 | $85,938 |