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. As of 12/2023, Miami Edtech Inc employed 4 individuals. 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 12/2023, Miami Edtech Inc generated $657.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 37.3% each year . All expenses for the organization totaled $772.0k during the year ending 12/2023. 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
WE AIM TO CLOSE THE SKILLS GAP AND IMPROVE ECONOMIC OPPORTUNITIES FOR OUR COMMUNITY THROUGH COMPUTER SCIENCE ADVOCACY AND INTEGRATION, DIGITAL SKILLING AND WORKFORCE DEVELOPMENT.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Juan Carlos Vazquez President & CEO | OfficerTrustee | 40 | $138,333 |
Justin Pinn Chairman | Trustee | 2 | $0 |
Evan Leaphart Vice-Chair | Trustee | 2 | $0 |
Lacriscia Fowlkes Treasurer | Trustee | 2 | $0 |
Max Ringelheim Director | Trustee | 2 | $0 |
Sanjay Jhav Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $18,500 |
All other contributions, gifts, grants, and similar amounts not included above | $323,849 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $342,349 |
Total Program Service Revenue | $314,965 |
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 | $657,314 |
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. | $138,333 |
Compensation of current officers, directors, key employees. | $69,167 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $114,712 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $20,114 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,406 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $302,174 |
Advertising and promotion | $27,648 |
Office expenses | $82,118 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $25,139 |
Travel | $18,980 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,107 |
Interest | $2,416 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $8,588 |
Insurance | $403 |
All other expenses | $0 |
Total functional expenses | $772,030 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $150,990 |
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 | $3,946 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $154,936 |
Accounts payable and accrued expenses | $14,839 |
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 | $14,839 |
Net assets without donor restrictions | $140,097 |
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 | $154,936 |