Miguel B Fernandez Fam Foundation Charitable Tr
- Assets
- $10.0m
- Revenue
- $232.5k
- Investments
- $10.0m
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 01/2004
- Data as of
- 12/2022
- EIN
- 59-7228125
Organization Overview
Miguel B Fernandez Fam Foundation Charitable Tr is located in Coral Gables, FL. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Miguel B Fernandez Fam Foundation Charitable Tr 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 12/2022, Miguel B Fernandez Fam Foundation Charitable Tr generated $232.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (29.2%) each year. All expenses for the organization totaled $5.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Miguel B Fernandez Fam Foundation Charitable Tr has awarded 224 individual grants totaling $32,385,318. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $153,395 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,198 |
| Capital Gain Net Income | $62,198 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,885 |
| Total Revenue | $232,478 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $872 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,380 |
| Total operating and administrative expenses | $20,531 |
| Contributions, gifts, grants paid | $5,018,083 |
| Total expenses and disbursements | $5,038,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,809 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,025,860 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,049,669 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Miguel B Fernandez Fam Foundation Charitable Tr has awarded $5,018,081 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN JEWISH COMMITTEE PURPOSE: CHARITABLE SUPPORT OF PROGRAMS AND SERVICES | $10,000 |
BELEN JESUIT PREPARATORY SCHOOL - BREAKTHROUGH MIAMI PURPOSE: CHARITABLE SUPPORT OF SCHOLARSHIP ASSISTANCE PROGRAMS | $73,337 |
AUTISM SPEAKS PURPOSE: CHARITABLE SUPPORT OF PROGRAMS AND SERVICES | $10,000 |
BELEN JESUIT PREPARATORY SCHOOL - BREAKTHROUGH MIAMI PURPOSE: CHARITABLE SUPPORT OF SCHOLARSHIP ASSISTANCE PROGRAMS | $1,663 |
BAPTIST HEALTH SOUTH FLORIDA FOUNDATION PURPOSE: CHARITABLE SUPPORT OF RESEARCH AND ENDOWED CHAIR | $1,000,282 |
BIG BROTHERS BIG SISTERS OF MIAMI PURPOSE: CHARITABLE SUPPORT OF PROGRAMS AND SERVICES | $5,000 |