Downtown Miami Charter School Inc
- Assets
- $7.9m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 93
- Location
- Miami, FL
- Founding
- 04/2003
- Data as of
- 06/2022
- 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. As of 06/2022, Downtown Miami Charter School Inc employed 93 individuals. 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 06/2022, Downtown Miami Charter School Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $6.7m during the year ending 06/2022. While expenses have increased by 2.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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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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 |
|---|---|---|
Charter Schools Usa Management | 6/29/19 | $1,015,773 |
Charter School Developers Inc Rent | 6/29/19 | $784,278 |
Preferred Meal Systems Inc Food Service | 6/29/19 | $278,946 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,509,061 |
| All other contributions, gifts, grants, and similar amounts not included above | $482,996 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,992,057 |
| Total Program Service Revenue | $1,123,411 |
| 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 | $6,115,468 |
| 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 | $2,739,294 |
| Pension plan accruals and contributions | $9,018 |
| Other employee benefits | $300,290 |
| Payroll taxes | $217,952 |
| Fees for services: Management | $406,220 |
| Fees for services: Legal | $13,654 |
| Fees for services: Accounting | $13,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $224,692 |
| Advertising and promotion | $9,272 |
| Office expenses | $1,678 |
| Information technology | $34,133 |
| Royalties | $0 |
| Occupancy | $145,011 |
| Travel | $3,208 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $221,372 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $936,474 |
| Insurance | $54,270 |
| All other expenses | $450,870 |
| Total functional expenses | $6,736,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,385 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $165,401 |
| 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 | $2,143 |
| Net Land, buildings, and equipment | $593,608 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,847,659 |
| Total assets | $7,883,196 |
| Accounts payable and accrued expenses | $301,928 |
| 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 | $7,045,605 |
| Total liabilities | $7,347,533 |
| Net assets without donor restrictions | $535,663 |
| 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 | $7,883,196 |