Marina PARC Miami Inc
- Assets
- $33.3k
- Revenue
- $565.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Key Biscayne, FL
- Founding
- Data as of
- 12/2021
- EIN
- 87-2119947
Organization Overview
Marina PARC Miami Inc is located in Key Biscayne, FL. Marina PARC Miami Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO COLLABORATE ON SOCIAL WELFARE ISSUES AND TO UTILIZE ECONOMIC PRINCIPLES THAT PROMOTE MUNICIPAL SYNERGY, ECONOMIC GROWTH, AND TO FACILITATE DISCUSSION WHILE PROMOTING ECONOMIC DEVELOPMENT AND JOB CREATION IN SOUTH FLORIDA THROUGH SOUND FISCAL POLICIES, LOWER GOVERNMENT SPENDING AND REDUCED TAXATION. IT WILL ALSO SUPPORT INDIVIDUALS, ORGANIZATIONS, BALLOT INITIATIVES, AND POSITIONS THAT STRENGTHEN AND IMPROVE SOUTH FLORIDA'S ECONOMY, WHILE BUILDING SUPPORT AMONG BUSINESS LEADERS, TRADE GROUPS, SCHOOLS, AND ELECTED OFFICIALS THROUGH EDUCATION, LEGISLATION, AND OTHER MEASURES. THE ORGANIZATION WAS ESTABLISHED TO CARRY ON PUBLIC POLICY INITIATIVES, ADVOCACY, AND EDUCATIONAL WORK DESIGNED TO ADVANCE AND IMPROVE THE ECONOMIC AND WELFARE CONDITION OF THE MIAMI COMMUNITY, WHILE ALSO IMPROVING AND PROMOTING SOCIAL WELFARE ISSUES THAT ARE IMPORTANT TO THE MIAMI COMMUNITY, PARTICULARLY PROMOTING THE REVITALIZATION OF MARINA PARK IN KEY BISCAYNE.THE COMMITTEE IS EMPOWERED TO RAISE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ENTITY HAS FACILITATED DISCUSSION AND PROMOTED THE CREATION OF JOBS AND ECONOMIC DEVELOPMENT IN SOUTH FLORIDA. IT HAS ALSO BUILT SUPPORT AMONG BUSINESS LEADERS, TRADE AND COMMUNITY GROUPS, SCHOOLS, ELECTED OFFICIALS, AND A BALLOT INITIATIVE THAT PROMOTES A STRONG ECONOMY. THE ENTITY WAS ESTABLISHED TO CARRY ON PUBLIC POLICY INITIATIVES, ADVOCACY, AND EDUCATIONAL WORK DESIGNED TO ADVANCE AND IMPROVE THE ECONOMIC AND WELFARE CONDITION OF THE SOUTH FLORIDA COMMUNITY, WHILE ALSO IMPROVING AND PROMOTING SOCIAL WELFARE ISSUES THAT ARE IMPORTANT TO THE SOUTH FLORIDA COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aabad Melwani Incorporator | Trustee | 1 | $0 |
Jose A Riesco Treasurer | Trustee | 1 | $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 | $565,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $565,000 |
| Total Program Service Revenue | $0 |
| 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 | $565,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,961 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $49,134 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $58,499 |
| Total functional expenses | $531,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,253 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,253 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $33,253 |
| 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 | $33,253 |
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