Downtown Miami Charter School Inc
- Assets
- $1.8m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 04/2003
- Data as of
- 06/2021
- EIN
- 65-1157122
Organization Overview
Downtown Miami Charter School Inc is located in Miami, FL. The organization was established in 2003. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Miami Charter School 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 06/2021, Downtown Miami Charter School Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $5.9m during the year ending 06/2021. While expenses have increased by 0.6% 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
A PUBLIC CHARTER SCHOOL SERVING STUDENTS FROM KINDERGARTEN THROUGH SIXTH GRADE IN MIAMI-DADE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL SERVICES
FOOD SERVICES
AFTERCARE SERVICES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julio Piti Vice Chair | OfficerTrustee | 1 | $0 |
Carlos Lago Treasurer | OfficerTrustee | 3 | $0 |
Webber Charles Director | Trustee | 1 | $0 |
Elaine Walker Director | Trustee | 1 | $0 |
Elena Bondarenko Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Preferred Meal Systems Inc Food Service | 6/29/19 | $278,946 |
Charter Schools Usa Management | 6/29/19 | $1,015,773 |
Charter School Developers Inc Rent | 6/29/19 | $784,278 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,044,032 |
| All other contributions, gifts, grants, and similar amounts not included above | $381,881 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,425,913 |
| Total Program Service Revenue | $676,784 |
| 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 | $6,102,697 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,514,763 |
| Pension plan accruals and contributions | $11,822 |
| Other employee benefits | $265,658 |
| Payroll taxes | $191,380 |
| Fees for services: Management | $452,568 |
| Fees for services: Legal | $3,524 |
| Fees for services: Accounting | $11,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,956 |
| Advertising and promotion | $17,795 |
| Office expenses | $3,854 |
| Information technology | $68,542 |
| Royalties | $0 |
| Occupancy | $934,476 |
| Travel | $1,121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,894 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $209,204 |
| Insurance | $52,382 |
| All other expenses | $296,449 |
| Total functional expenses | $5,908,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $953,385 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $143,360 |
| 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 | $21,254 |
| Net Land, buildings, and equipment | $638,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,756,433 |
| Accounts payable and accrued expenses | $440,165 |
| 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 | $71,502 |
| Total liabilities | $511,667 |
| Net assets without donor restrictions | $1,244,766 |
| 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 | $1,756,433 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Downtown Miami Charter School Inc has recieved totaling $15,837.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Tickets For Kids Foundation Pittsburgh, PA PURPOSE: TO PROVIDE TICKETS TO EVENTS FOR UNDERPRIVILEGED CHILDREN AND THEIR FAMILIES | $5,837 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Early Learning Coalition Of Marion County Inc Ocala, FL | $2,959,241 | $19,272,035 |
Eastern States Veterinary Association Inc Orlando, FL | $24,266,314 | $20,705,177 |
Alabama Education Association Inc Montgomery, AL | $11,369,391 | $16,688,773 |
Georgia School Boards Association Inc Lawrenceville, GA | $6,628,869 | $7,234,902 |
Avondale Education Association Inc Decatur, GA | $8,429,300 | $7,595,655 |
Georgia Association Of Educators Inc Tucker, GA | $8,973,666 | $5,902,220 |
Downtown Miami Charter School Inc Miami, FL | $1,756,433 | $6,102,697 |
Florida Education Association Orlando, FL | $1,972,513 | $5,719,056 |
Accreditation Commission For Education In Nursing Inc Atlanta, GA | $17,255,204 | $6,907,699 |
New Schools For Alabama Birmingham, AL | $1,601,582 | $4,974,961 |
Golden Key International Honour Society Inc Atlanta, GA | $2,042,384 | $4,009,170 |
Forty Carrots Of Sarasota Inc Sarasota, FL | $7,269,248 | $4,807,418 |