Miami Edtech Inc
- Assets
- $271.5k
- Revenue
- $492.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Miami, FL
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 83-0907475
Organization Overview
Miami Edtech Inc is located in Miami, FL. The organization was established in 2018. According to its NTEE Classification (B60) the organization is classified as: Adult Education, 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. Miami Edtech 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, Miami Edtech Inc generated $492.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.3% each year . All expenses for the organization totaled $397.3k during the year ending 12/2022. While expenses have increased by 43.8% per year over the past 4 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
MIAMI EDTECH(R) IS AN EDUCATION TECHNOLOGY NON-PROFIT ON A MISSION TO IGNITE THE ENTREPRENEURIAL SPIRIT WITHIN TODAY'S EDUCATORS. SUBSTANTIATED BY A FLOURISHING TEACHER-TECH-CENTRIC ECOSYSTEM AND MUTUALLY BENEFICIAL CROSS-SECTOR PARTNERSHIPS, MIAMI EDTECH ENVISIONS A WORLD WHERE INNOVATIVE TECHNOLOGIES REDEFINE EDUCATION WITH REAL-WORLD, SCALABLE SOLUTIONS. LEVERAGING BESPOKE PROGRAMMING - INCLUDING MIAMI EDTECH ACCELERATOR, SOCIAL INNOVATION & ENTREPRENEURIAL LEADERSHIP 'S.I.E.L.' INCUBATOR, AND EDXPERT POWERED BY MICROSOFT - MIAMI EDTECH AND ITS PARTNERS WORK TO ADDRESS SYSTEMIC CHALLENGES IN EDUCATION, PROVIDE A MEANS FOR TODAY'S EDUCATORS TO TURN THEIR TECH-ENABLED SOLUTIONS INTO SUCCESSFUL ENTERPRISES, AND ADVANCE DIVERSITY, EQUITY, AND INCLUSION IN COMPUTER SCIENCE EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIAMI EDTECH PROVIDES EDUCATORS, COMMUNITY MEMBERS, AND STUDENTS WITH THE TOOLS THEY NEED TO LAUNCH EXCITING CAREERS IN THE FAST GROWING, WELL-PAYING WORLD OF COMPUTER SCIENCE. OVER THE PAST YEAR, WE'VE WORKED WITH TEACHERS, STUDENTS, AND THE COMMUNITY TO HELP MAKE COMPUTER SCIENCE A PATHWAY THROUGH TRAINING, PROFESSIONAL DEVELOPMENT, AND CURRICULUM DEVELOPMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juan Carlos Vazquez Member | Officer | 40 | $35,417 |
Justin Pinn Chairman | Trustee | 2 | $0 |
Evan Leaphart Vice-Chair | Trustee | 2 | $0 |
Lacriscia Fowlkes Treasurer | Trustee | 2 | $0 |
Miriam Dorsett Secretary | Trustee | 2 | $0 |
Michael Shea Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,641 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,641 |
| Total Program Service Revenue | $251,012 |
| 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 | $492,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000 |
| 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. | $35,417 |
| Compensation of current officers, directors, key employees. | $17,708 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,898 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,141 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $191,003 |
| Advertising and promotion | $34,570 |
| Office expenses | $57,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,208 |
| Travel | $9,479 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $450 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,150 |
| Insurance | $357 |
| All other expenses | $0 |
| Total functional expenses | $397,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,327 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,150 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $271,477 |
| Accounts payable and accrued expenses | $16,664 |
| 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 | $0 |
| Total liabilities | $16,664 |
| Net assets without donor restrictions | $254,813 |
| 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 | $271,477 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Miami Edtech Inc has recieved totaling $27,000.
| Awarding Organization | Amount |
|---|---|
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $27,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Medical Learning Institute Inc Tarpon Springs, FL | $9,314,882 | $36,728,738 |
Athens Regional Physician Services Inc Athens, GA | $5,832,166 | $29,787,030 |
American Maritime Officers Safety & Education Plan Dania Beach, FL | $9,015,305 | $20,171,131 |
John Marshall Online Inc Atlanta, GA | $11,713,924 | $9,257,448 |
Abraham J & Phyllis Katz Foundation Ua 060794 Newnan, GA | $48,678,737 | $4,412,136 |
Alabama Partnership For Children Montgomery, AL | $2,774,532 | $6,902,612 |
Continuing Education Company Palm Coast, FL | $2,142,823 | $4,620,080 |
Spanish American Basic Education And Rehabilitation Inc Saber Miami, FL | $1,202,159 | $3,782,505 |
I E C Social Educational & Humanitarian Aid Inc Orlando, FL | $3,778,105 | $3,335,745 |
Tampa Bay Innovation Hub Inc Tampa, FL | $14,630,343 | $4,568,115 |
Progressive Abilities Support Services Inc Savannah, GA | $457,648 | $2,076,851 |
East Central Georgia Consortium Thomson, GA | $497,694 | $1,856,381 |