The Miami Herald Charities Inc
- Assets
- $2.4m
- Revenue
- $718.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 03/1953
- Data as of
- 09/2021
- EIN
- 59-6138383
Organization Overview
The Miami Herald Charities Inc is located in Miami, FL. The organization was established in 1953. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miami Herald Charities 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 09/2021, Miami Herald Charities Inc generated $718.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $506.3k during the year ending 09/2021. While expenses have increased by 1.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HERALD CHARITIES IS PRIMARILY INVOLVED IN THE ACCUMULATION OF FUNDS FOR CHARITABLE AND BENEVOLENT PURPOSES FOR THE AID OF THE NEEDY OR WORTHY INDIVIDUALS AND NOT FOR PROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLIDAY WISHBOOK PROGRAM: THE ORGANIZATION OPERATES UNDER THE HOLIDAY WISHBOOK PROGRAM, WHEREBY READERS OF THE MIAMI HERALD AND EL NUEVO HERALD ARE SOLICITED TO DONATE FUNDS FOR THE BENEFIT OF THE NEEDY INDIVIDUALS WHO ARE PROFILED IN THE NEWSPAPERS. THE HERALD CHARITIES, INC. PROFILES NEEDY PEOPLE IN THE MIAMI HERALD MEDIA COMPANY'S NEWSPAPER DURING THE THANKSGIVING AND CHRISTMAS HOLIDAYS. SINCE ITS FOUNDING MORE THAN 100 YEARS AGO, THE MIAMI HERALD HAS CHAMPIONED THE NEEDS OF THE LESS FORTUNATE IN THE SOUTH FLORIDA COMMUNITY. IN 1952, THE MIAMI HERALD LEND-A-HAND FUND WAS INCORPORATED TO FORMALIZE THESE EFFORTS. IN DECEMBER 1982, THE MIAMI HERALD PUBLISHED ITS FIRST WISH BOOK IN AN EFFORT TO SPOTLIGHT NEEDY INDIVIDUALS IN SOUTH FLORIDA. THE MIAMI HERALD CHARITIES WAS OFFICIALLY FOUNDED IN 1995 TO OFFER READERS AN OPPORTUNITY TO MAKE A DIFFERENCE IN A NEIGHBOR'S LIFE. SINCE THEN, THE MIAMI HERALD READERS, TOGETHER WITH SPANISH-LANGUAGE READERS OF EL NUEVO HERALD, HAVE CONTRIBUTED SEVERAL MILLION DOLLARS TO ASSIST SOME OF THE NEEDIEST PEOPLE IN OUR COMMUNITY. WISHES RANGED FROM FOOD, CLOTHING, AND TOYS FOR THE HOLIDAYS TO MORE DESPERATELY NEEDED ITEMS SUCH AS MEDICAL SERVICES, WHEELCHAIRS, HOUSING AND HOME REPAIRS, FURNITURE AND DENTAL WORK. IN EARLY OCTOBER MORE THAN 600 NON-PROFIT SOCIAL SERVICE AGENCIES IN SOUTH FLORIDA WERE CONTACTED TO NOMINATE CLIENTS FOR THE WISH BOOK PROGRAM. SPECIFICALLY, WISH BOOK CANDIDATES ARE CLIENTS FOR WHOM THE AGENCIES HAVE ALREADY EXPENDED AVAILABLE FUNDING, BUT WHOSE NEEDS GO BEYOND THE AGENCY'S RESOURCES. THE NOMINEES ARE SCREENED BY THE WISH BOOK TEAM AND THE MIAMI HERALD REPORTERS WORK DILIGENTLY TO PROFILE AS MANY CASES AS POSSIBLE EVERY HOLIDAY SEASON, RUNNING FROM THANKSGIVING DAY THROUGH THE FIRST WEEK OF THE NEW YEAR. CURENTLY PLANS ARE UNDERWAY FOR ANOTHER SUCCESSFUL SEASON.
SILVER KNIGHT AWARDS: THE ORGANIZATION ALSO SPONSORS THE SILVER KNIGHT AWARDS, WHICH HONOR OUSTANDING SCHOLASTIC ACCHIEVEMENT AND COMMUNITY SERVICE OF HIGH SCHOOL STUDENTS IN MIAMI-DADE AND BROWARD COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erasmo Acosta Treas./secre | OfficerTrustee | 2 | $0 |
Tanya Christie Bennett Secretary/tr | OfficerTrustee | 2 | $0 |
Bob Mcfarlin President | OfficerTrustee | 1 | $0 |
Nancy Meyer President 12 | OfficerTrustee | 1 | $0 |
Nancy Ancrum Board Member | Trustee | 1 | $0 |
Juan Cornejo Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $589,003 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $589,003 |
| Total Program Service Revenue | $0 |
| Investment income | $19,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $110,437 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $718,556 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $369,324 |
| 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 | $108,406 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,388 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,856 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,142 |
| All other expenses | $4,357 |
| Total functional expenses | $506,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $519,293 |
| 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 | $1,899,035 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,418,328 |
| Accounts payable and accrued expenses | $50,302 |
| 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 | $50,302 |
| Net assets without donor restrictions | $568,990 |
| Net assets with donor restrictions | $1,799,036 |
| 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 | $2,418,328 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Miami Herald Charities Inc has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
Marh Foundation Inc Miami, FL PURPOSE: GENERAL USE | $3,500 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Miami Jewish Federation Miami, FL | $526,029,047 | $149,579,528 |
United Way Miami Inc Miami, FL | $146,891,881 | $55,112,888 |
Community Action Partnership Of North Alabama Inc Decatur, AL | $106,792,545 | $49,339,847 |
United Way Of Northeast Florida Inc Jacksonville, FL | $41,231,391 | $43,923,077 |
Jewish Federation Of Greater Atlanta Inc Atlanta, GA | $335,156,066 | $46,977,032 |
Jewish Federation Of Palm Beach County Inc West Palm Beach, FL | $188,649,798 | $40,996,005 |
United Way Of Broward County Fort Lauderdale, FL | $30,254,563 | $21,112,252 |
Heart Of Florida United Way Orlando, FL | $52,280,258 | $21,120,938 |
United Way Suncoast Inc Tampa, FL | $59,673,502 | $17,914,764 |
United Jewish Community Of Broward County Inc Davie, FL | $191,632,658 | $32,289,120 |
Jewish Federation Of South Palm Beach County Inc Boca Raton, FL | $220,329,393 | $31,215,392 |
United Way Of Lee County Inc Fort Myers, FL | $10,857,756 | $16,905,483 |