Catalyst Miami Inc
- Assets
- $6.5m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 34
- Location
- Miami, FL
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 65-0690368
Organization Overview
Catalyst Miami Inc, operating under the name Dba Catalyst Miami Inc, is located in Miami, FL. The organization was established in 1997. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Dba Catalyst Miami Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dba Catalyst Miami 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 12/2022, Dba Catalyst Miami Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. While expenses have increased by 7.6% per year over the past 7 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.
Since 2015, Dba Catalyst Miami Inc has awarded 56 individual grants totaling $1,454,633. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO BUILD POWER WITH FRONTLINE COMMUNITIES THROUGHOUT MIAMI-DADE COUNTY TO ADVANCE JUSTICE AND ACHIEVE SHARE PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROSPERITY CAMPAIGN AND WEALTH-BUILDING PROGRAMS: HEALTH INSURANCE AND INCOME SUPPORT NAVIGATION,FINANCIAL COACHING AND FINANCIAL PRODUCTS, AND FREE TAX PREPARATION IN SUPPORT OF ECONOMIC MOBILITY FOR MEMBERS OF FRONTLINE COMMUNITIES. COMMUNITY-WIDE WEALTH- BUILDING PROGRAMS INCLUDE A UNIVERSAL SAVINGS PROGRAM FOR YOUNG CHILDREN AS WELL AS SUPPORT, TRAINING AND TECHNICAL ASSISTANCE FOR SMALL BUSINESSES AND WORKER COOPERATIVES.
POLICY & ENGAGEMENT: BUILD SOCIAL COHESION AND CIVIC PARTICIPATION TO SOLVE CRITICAL COMMUNITY ISSUES BY ORGANIZING AND MOBILIZING WITH OUR PARTNER NETWORKS AND RESIDENTS. TRAIN AND ENGAGE RESIDENTS IN ALL LEVELS OF ADVOCACY AND GRASSROOTS LEADERSHIP, WHILE ALSO INCREASING COMMUNITIES' SOCIAL, POLITICAL, AND FINANCIAL CAPITAL.
COMMUNITY ECONMIC DEVELOPMENT CREATIVE OPPORTUNITIES FOR MIAMI-DADE RESIDENTS TO OWN ASSETS THROUGH COOPERATIVE ECONOMIC MODELS, SUCH AS WORKER-OWNED BUSINESSES AND REAL- ESTATE INVESTMENT COOPERATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gretchen Beesing CEO | Officer | 40 | $171,791 |
Brian Larson CFO | Officer | 40 | $121,010 |
Nina Thompkins COO | Officer | 40 | $112,498 |
Aileen Alon Board Member | Trustee | 0.25 | $0 |
Charles M Auslander Board Member | Trustee | 0.7 | $0 |
Francois Cham Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $35,609 |
| Membership dues | $0 |
| Fundraising events | $98,470 |
| Related organizations | $0 |
| Government grants | $452,726 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,876,688 |
| Noncash contributions included in lines 1a–1f | $2,561 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,463,493 |
| Total Program Service Revenue | $67,064 |
| Investment income | $57,196 |
| 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 | $4,589,099 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $293,142 |
| Grants and other assistance to domestic individuals. | $59,572 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $456,511 |
| Compensation of current officers, directors, key employees. | $267,880 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,660,905 |
| Pension plan accruals and contributions | $72,212 |
| Other employee benefits | $290,814 |
| Payroll taxes | $156,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $20,445 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $557,353 |
| Advertising and promotion | $2,526 |
| Office expenses | $140,162 |
| Information technology | $102,808 |
| Royalties | $0 |
| Occupancy | $87,361 |
| Travel | $42,597 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,001 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,117 |
| Insurance | $13,274 |
| All other expenses | $6,108 |
| Total functional expenses | $4,133,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $476,436 |
| Savings and temporary cash investments | $3,218,355 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,296,787 |
| 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 | $29,674 |
| Net Land, buildings, and equipment | $2,216 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $511,512 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,534,980 |
| Accounts payable and accrued expenses | $84,766 |
| Grants payable | $0 |
| Deferred revenue | $9,000 |
| 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 | $41,639 |
| Total liabilities | $135,405 |
| Net assets without donor restrictions | $826,774 |
| Net assets with donor restrictions | $5,572,801 |
| 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 | $6,534,980 |
Grants Awarded
Over the last fiscal year, Catalyst Miami Inc has awarded $291,642 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
DISABILITY INDEPENDENCE GROUP INCDISABILITY INDEPENDENCE GROUP INC PURPOSE: TRAINING/FACILITAT. | $15,750 |
FLORIDA VOICES FOR HEALTH INCFLORIDA VOICES FOR HEALTH INC PURPOSE: M/CAID EXP.TRAINING | $15,250 |
FLORIDA INTERNATIONAL UNIVERSITYFLORIDA INTERNATIONAL UNIVERSITY PURPOSE: RESEACH SUPPORT | $54,000 |
THE MIAMI FOUNDATION INCTHE MIAMI FOUNDATION INC PURPOSE: CLIMATE HEALTH AND E | $6,000 |
FLORIDA POLICY INSTITUTE INCFLORIDA POLICY INSTITUTE INC PURPOSE: M/CAID EXP RESEARCH | $15,142 |
WECOUNT INCWECOUNT INC PURPOSE: CLIMATEHEALTH/EQUITY | $30,000 |