Lincoln-Marti Community Agency Inc
- Assets
- $241.1m
- Revenue
- $50.0m
- Investments
- $0.0
- Employees
- 755
- Location
- Miami, FL
- Founding
- 10/1991
- Data as of
- 12/2023
- EIN
- 65-0267626
Organization Overview
Lincoln-Marti Community Agency Inc is located in Miami, FL. The organization was established in 1991. As of 12/2023, Lincoln-Marti Community Agency Inc employed 755 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln-Marti Community Agency 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 12/2023, Lincoln-Marti Community Agency Inc generated $50.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $46.7m during the year ending 12/2023. While expenses have increased by 9.8% per year over the past 9 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
PROVIDING HIGH QUALITY SOCIAL AND EDUCATIONAL SERVICES TO TRADITIONALLY UNDERSERVED POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CHILD CARE SERVICES TO LOW-INCOME FAMILIES IN MIAMI-DADE COUNTY SO THAT PARENTS CAN WORK.
PROVIDE NUTRITIOUS MEALS TO LOW INCOME CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yoryana Manrresa Cordero Administrator | 65 | $158,587 | |
Marlene Alvarez Jacinto Director, Project Management | 40 | $105,168 | |
Maria D Vasallo President/treasurer | OfficerTrustee | 35 | $42,041 |
Jose Ramirez Vice-President/secretary | OfficerTrustee | 5 | $0 |
Martin Anorga Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bdo Usa Accounting Svcs | 12/30/23 | $121,401 |
Us Community Transportation Inc Transportation Svcs | 12/30/23 | $900,000 |
Libre Llc Advertising Svcs | 12/30/23 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,746,690 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,000,000 |
| Noncash contributions included in lines 1a–1f | $266,376 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,746,690 |
| Total Program Service Revenue | $22,702,688 |
| Investment income | $147,090 |
| 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 | $252,248 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,994,838 |
| 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. | $42,041 |
| Compensation of current officers, directors, key employees. | $4,067 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,448,975 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,372,080 |
| Fees for services: Management | $540,000 |
| 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 | $461,423 |
| Advertising and promotion | $222,221 |
| Office expenses | $212,971 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,057,408 |
| Travel | $900,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,655 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $508,350 |
| Insurance | $2,028,786 |
| All other expenses | $489,282 |
| Total functional expenses | $46,690,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,063,570 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,315,083 |
| 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 | $255,498 |
| Prepaid expenses and deferred charges | $696,143 |
| Net Land, buildings, and equipment | $16,168,316 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $205,585,506 |
| Total assets | $241,084,116 |
| Accounts payable and accrued expenses | $558,989 |
| 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 | $216,620,565 |
| Total liabilities | $217,179,554 |
| Net assets without donor restrictions | $23,904,562 |
| 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 | $241,084,116 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lincoln-Marti Community Agency Inc Miami, FL | $241,084,116 | $49,994,838 |
Communities In Schools Of Jacksonville Jacksonville, FL | $6,630,517 | $11,272,689 |
Atlanta Partnership Of Business And Education Inc Atlanta, GA | $2,912,087 | $3,117,935 |
Georgia Partnership For Excellence In Education Inc Atlanta, GA | $3,264,387 | $1,421,581 |
Greater Dalton Chamber Foundation Inc Dalton, GA | $117,666 | $402,763 |
Bradford County Education Foundation Inc Starke, FL | $282,938 | $486,920 |
Okeechobee Educational Foundation Okeechobee, FL | $300,360 | $390,704 |
Greater Boca Raton Chamber Of Commerce Education Foundation Inc Boca Raton, FL | $378,429 | $159,515 |
Shelby County Schools Education Foundation Alabaster, AL | $102,823 | $0 |
Punta Gorda Rotary Charity And Education Foundation Inc Punta Gorda, FL | $562,984 | $121,728 |