Miami Marlins Foundation Inc
- Assets
- $3.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 83-4470325
Organization Overview
Miami Marlins Foundation Inc is located in Miami, FL. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miami Marlins Foundation 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 Marlins Foundation Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 41.9% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 29.9% 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.
Since 2020, Miami Marlins Foundation Inc has awarded 32 individual grants totaling $1,026,668. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SURFSIDE PROGRAM - GRANT TO SMALL BUSINESSES OF SOUTH FLORIDA AND SOUTH FLORIDA PROGRESS FOUNDATION TO SUPPORT MENTAL HEALTH COUNSELING WITH JEWISH COMMUNITY SERVICES.
RBI REGIONAL TOURNAMENT - 3 TEAMS RECEIVED COMPLIMENTARY ROOM AND BOARD, TRAVEL, AND DINING THROUGHOUT THE TOURNAMENT, AND THE PLAYERS AND COACHES WERE OUTFITTED WITH MARLINS JERSEYS, CAPS AND NIKE PANTS.
TEE BALL INITIATIVE PROGRAM - PROGRAM THAT SUPPLIES LOCAL PARTICIPATING RECREATIONAL YOUTH LEAGUES WITH BRANDED MARLINS' JERSEYS, CAPS, TEE'S AND TEE-BALLS.
THANKSGIVING FOOD DISTRIBUTION - PROGRAM WHICH PROVIDES MEALS TO LOW-INCOME FAMILIES DURING THE THANKSGIVING HOLIDAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Sherman Director | 0.1 | $0 | |
Doug Kimmelman Director | 0.1 | $0 | |
Caroline O'connor President, Director | 1 | $0 | |
Ashwin Krishnan Secretary | 1 | $0 | |
Fred Koczwara Secretary, Vice President | 1 | $0 | |
Sarah Martin Foundation Programs Director | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,083,797 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $368,924 |
| Total Revenue | $2,452,721 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $87,392 |
| Pension plans, employee benefits | $14,457 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $969,072 |
| Total operating and administrative expenses | $1,106,971 |
| Contributions, gifts, grants paid | $271,317 |
| Total expenses and disbursements | $1,378,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,450,435 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,450,435 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Miami Marlins Foundation Inc has awarded $271,317 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FEEDING SOUTH FLORIDA PURPOSE: GENERAL PURPOSE GRANT | $50,000 |
GREATER MIAMI ATHLETIC CONFERENCE PURPOSE: GENERAL PURPOSE GRANT | $2,000 |
JACKIE ROBINSON FOUNDATION PURPOSE: GENERAL PURPOSE GRANT | $90,000 |
KIWANIS OF LITTLE HAVANA BACK TO SCHOOL PURPOSE: GENERAL PURPOSE GRANT | $35,000 |
UP 2 US SPORTS (VISTA) PURPOSE: GENERAL PURPOSE GRANT | $40,350 |
ST THOMAS UNIVERSITY PURPOSE: GENERAL PURPOSE GRANT | $2,500 |