The Miami-Dade Beacon Council Inc
- Assets
- $5.8m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 28
- Location
- Miami, FL
- Founding
- 06/1987
- Data as of
- 09/2021
- EIN
- 59-2603574
Organization Overview
The Miami-Dade Beacon Council Inc is located in Miami, FL. The organization was established in 1987. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Miami-Dade Beacon Council Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miami-Dade Beacon Council 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 09/2021, Miami-Dade Beacon Council Inc generated $5.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $5.0m during the year ending 09/2021. 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
INCREASING JOBS AND INVESTMENT IN MIAMI-DADE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, THE ORGANIZATION PROMOTED PROGRAMS FOR THE PURPOSE OF ENHANCING THE ECONOMIC DEVELOPMENT OF MIAMI-DADE COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Finney President & C.e.o. | Officer | 37.5 | $354,204 |
Camela Glean-Jones Chief Financial Officer & C.o.o. | Officer | 37.5 | $222,894 |
James Kohnstamm Executive Vicepresident Economic Development | Officer | 37.5 | $153,676 |
Maria Budet Chief Marketing Officer | Officer | 37.5 | $152,259 |
Mario Sacasa Sr. Vice President International Economic Dev. | 37.5 | $148,166 | |
Jaap Donath Sr. Vice President Research & Strategic Planning | 37.5 | $137,917 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Career Xchange Recruiting | 9/29/17 | $205,817 |
Octagon Of South Florida Recruiting | 9/29/17 | $121,577 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $851,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,296,166 |
| 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 | $5,147,916 |
| Total Program Service Revenue | $139,848 |
| 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 | $5,287,764 |
| 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. | $812,287 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,619,574 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $463,533 |
| Payroll taxes | $173,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,997 |
| Fees for services: Accounting | $67,571 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $350,732 |
| Advertising and promotion | $89,408 |
| Office expenses | $44,501 |
| Information technology | $2,419 |
| Royalties | $0 |
| Occupancy | $768,655 |
| Travel | $25,959 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,738 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,119 |
| Insurance | $61,523 |
| All other expenses | $35,666 |
| Total functional expenses | $4,987,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,204,779 |
| Savings and temporary cash investments | $3,378,943 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,775 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $267,850 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $236,105 |
| Net Land, buildings, and equipment | $676,191 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,791,643 |
| Accounts payable and accrued expenses | $490,879 |
| Grants payable | $0 |
| Deferred revenue | $300,773 |
| 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 | $1,099,246 |
| Total liabilities | $1,890,898 |
| Net assets without donor restrictions | $3,900,745 |
| 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 | $5,791,643 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Miami-Dade Beacon Council Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Baptist Health Of South Florida Inc Coral Gables, FL PURPOSE: Sponsorship Bundle for Fiscal Year including One Community One Goal, Beacon Awards | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Alabama Regional Planning Commission Mobile, AL | $10,162,715 | $18,722,811 |
Discover Palm Beach County Inc West Palm Beach, FL | $6,257,115 | $17,672,568 |
Step Up Suncoast Inc Sarasota, FL | $3,209,226 | $16,919,808 |
Atlanta Convention & Vistors Bureau Inc Atlanta, GA | $20,280,984 | $17,066,911 |
Access To Capital For Entrepreneurs Inc Cleveland, GA | $88,796,114 | $11,013,240 |
The Miami-Dade Beacon Council Inc Miami, FL | $5,791,643 | $5,287,764 |
Sarasota Convention And Visitors Bureau Sarasota, FL | $1,250,974 | $4,640,700 |
Grove Park Foundation Inc Atlanta, GA | $25,190,874 | $3,791,912 |
Woodlawn Foundation Inc Birmingham, AL | $23,281,492 | $7,022,697 |
East Tampa Business And Civic Association Inc Tampa, FL | $6,775,919 | $3,764,186 |
Mobile Convention & Visitors Corporation Mobile, AL | $2,719,162 | $3,833,596 |
Rowen Foundation Inc Lawrenceville, GA | $75,583,362 | $5,573 |