Civic Intelligence

Burger King Mclamore Foundation

990 • Fiscal year 2016 • EIN 06-1765327

Jan 01, 2016 to Dec 31, 2016 • Filed on May 12, 2017

5505 Blue Lagoon DriveMiami, FL 33126

(305) 378-3183

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

13th percentile

0.04x

Higher debt load relative to revenue than 13% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

79th percentile

17%

Higher net margin than 79% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$88,542

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

73rd percentile

9.2%

Faster asset growth than 73% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

71st percentile

11%

Faster revenue growth than 71% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$20,742,463

Up $1,749,470 (+9.2%) from 2015

Net Assets

Up

$20,526,690

Up $1,669,788 (+8.9%) from 2015

Liabilities

Up

$215,773

Up $79,682 (+59%) from 2015

Revenue

Up

$5,749,781

Up $590,617 (+11%) from 2015

Expenses

Up

$4,745,288

Up $592,702 (+14%) from 2015

Net Income

Down

$1,004,493

Down $2,085 (-0.2%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $13,703,775Liabilities 2011: $404,395Net Assets 2011: $13,299,3802011Assets 2012: $16,207,101Liabilities 2012: $585,004Net Assets 2012: $15,622,0972012Assets 2013: $18,034,839Liabilities 2013: $263,047Net Assets 2013: $17,771,7922013Assets 2014: $18,758,414Liabilities 2014: $148,720Net Assets 2014: $18,609,6942014Assets 2015: $18,992,993Liabilities 2015: $136,091Net Assets 2015: $18,856,9022015Assets 2016: $20,742,463Liabilities 2016: $215,773Net Assets 2016: $20,526,6902016Assets 2017: $24,051,931Liabilities 2017: $192,374Net Assets 2017: $23,859,5572017Assets 2018: $22,039,871Liabilities 2018: $199,624Net Assets 2018: $21,840,2472018Assets 2019: $27,867,741Liabilities 2019: $159,738Net Assets 2019: $27,708,0032019Assets 2020: $31,735,393Liabilities 2020: $332,560Net Assets 2020: $31,402,8332020Assets 2021: $34,345,730Liabilities 2021: $406,412Net Assets 2021: $33,939,3182021Assets 2022: $30,024,989Liabilities 2022: $748,990Net Assets 2022: $29,275,9992022Assets 2023: $35,279,413Liabilities 2023: $935,067Net Assets 2023: $34,344,3462023Assets 2024: $36,465,659Liabilities 2024: $340,813Net Assets 2024: $36,124,8462024

Highlighted filing

2016

Assets$20,742,463
Liabilities$215,773
Net Assets$20,526,690

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $5,092,161Expenses 2011: $2,275,922Net Income 2011: $2,816,2392011Revenue 2012: $5,862,157Expenses 2012: $3,438,671Net Income 2012: $2,423,4862012Revenue 2013: $5,364,103Expenses 2013: $3,142,032Net Income 2013: $2,222,0712013Revenue 2014: $4,355,325Expenses 2014: $3,759,156Net Income 2014: $596,1692014Revenue 2015: $5,159,164Expenses 2015: $4,152,586Net Income 2015: $1,006,5782015Revenue 2016: $5,749,781Expenses 2016: $4,745,288Net Income 2016: $1,004,4932016Revenue 2017: $6,344,572Expenses 2017: $5,096,587Net Income 2017: $1,247,9852017Revenue 2018: $6,351,416Expenses 2018: $5,511,537Net Income 2018: $839,8792018Revenue 2019: $7,743,086Expenses 2019: $5,372,507Net Income 2019: $2,370,5792019Revenue 2020: $7,238,168Expenses 2020: $6,550,571Net Income 2020: $687,5972020Revenue 2021: $7,130,405Expenses 2021: $6,267,191Net Income 2021: $863,2142021Revenue 2022: $6,654,359Expenses 2022: $6,834,539Net Income 2022: -$180,1802022Revenue 2023: $8,697,639Expenses 2023: $6,464,312Net Income 2023: $2,233,3272023Revenue 2024: $9,430,893Expenses 2024: $9,453,739Net Income 2024: -$22,8462024

Highlighted filing

2016

Revenue$5,749,781
Expenses$4,745,288
Net Income$1,004,493
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 12, 2017
Return Version
2016v3.0
Gross Receipts
$6,178,370
Mission and Program Overview

Mission

To create brighter futures by empowering individuals and feeding potential through education and emergency relief.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,704,367$18,271,269▲ $1,566,902
Cash and Non-Interest-Bearing Accounts$1,719,357$1,819,459▲ $100,102
Accounts Receivable$442,306$633,210▲ $190,904
Pledges and Grants Receivable$125,000--
Prepaid Expenses and Deferred Charges$1,963$18,525▲ $16,562
Total Assets$18,992,993$20,742,463▲ $1,749,470
Liabilities
Accounts Payable and Accrued Expenses$136,091$215,773▲ $79,682
Total Liabilities$136,091$215,773▲ $79,682
Net Assets / Fund Balance
Unrestricted Net Assets$9,231,088$10,398,640▲ $1,167,552
Temporarily Rstr Net Assets$5,226,399$5,728,635▲ $502,236
Permanently Rstr Net Assets$4,399,415$4,399,415→ $0
Total Net Assets Fund Balance$18,856,902$20,526,690▲ $1,669,788
Total Liabilities and Net Assets / Fund Balance$18,992,993$20,742,463▲ $1,749,470

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$38,592$38,592

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$13,052,013$1,236,779▲ $745,470$-243,527$14,790,735
2015$13,193,651$416,434▼ $341,868$-177,241$13,052,013
2014$12,397,947$503,791▲ $500,361$-191,015$13,193,651
2013$10,246,510$1,137,829▲ $1,180,150$-166,542$12,397,947
2012$8,779,523$511,386▲ $1,024,531$-68,930$10,246,510
Compensation and Service Providers

Employees

NameTitleOtherTotal
Amanda IsraelExe. Director$88,542$88,542

Board Members and Trustees

NameTitle
Jose CilPresident
Alexandre MacedoDirector
Fernando MachadoDirector
Jerry ComstockDirector
Jill LillaneyDirector
Jim MyersDirector
Robes St JusteDirector
Rodrigo MusielloDirector
Steve M LewisDirector
Steve PattisonDirector
Robin SchaferAssistant Se
Lisa Giles KleinSecretary
Jackie FriesnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,658,962
Program Service Revenue
$0
Investment Income
$302,217
Other Revenue
$788,602
All Other Contributions
$849,672
Change in Net Assets
$1,004,493

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table4$200,000Fair Market Value (FMV)
Other Non Cash Contri Table9$136,525Fair Market Value (FMV)
Other Non Cash Contri Table9$68,409Fair Market Value (FMV)
Other Non Cash Contri Table31$19,191Fair Market Value (FMV)
Total Noncash Contributions53$424,125-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,749,781
Revenue Not Reported on Form 990
$1,292,923
Total Revenue per Audited Statements
$7,042,704
Total Revenue per Form 990
$5,749,781
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,740,877
Other Expenses$820,927
Total Fundraising Expense$519,228
Salaries, Compensation, and Employee Benefits$183,484
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,519,983--$3,519,983
Grants to Domestic Individuals$220,894--$220,894
Other Salaries and Wages$64,219$91,742$27,523$183,484
Advertising$73,896$27,146$8,847$109,889
Fees for Service Investment Mgmnt Fees$30,190$19,334-$49,524
Other Expenses-$40,739$162,180$40,739
All Other Expenses$1,906$30,084$817$32,807
Travel$5,676-$3,973$9,649
Office Expenses$3,307$501$4,688$8,496
Conferences and Meetings-$2,576-$2,576
Fees for Services Legal$523$569-$1,092
Total Functional Expenses$3,920,594$305,466$519,228$4,745,288

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,372,916
Expenses per Audited Statements$4,745,288
Total Expenses per Form 990$4,745,288
Expenses Not Reported on Form 990$627,628
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Scholarship AmericaSt Peter, MN3Scholarships$2,847,392
Room to Read-techoSan Francisco, CA3Education$403,518
National Restaurant Association EduWashington, DC3Scholarships$50,000
TechoMiami, FL3Education$27,290

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,217,191
Fundraising Direct Expenses$428,589
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Fundraiser$1,865,012---
Convention$1,232,123$864,895$30,532$834,363
Total Events$5,026,481$1,217,191$428,589$788,602
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 was submitted to the executive director, the board of directors and internal legal and financial advisors for review and comments.

Form 990, Page 6, Part VI, Line 12C

Officers, directors and management employees are required to certify annually that they are in compliance with the organization's conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

The compensation is revewed by the related entity burger king corporation. The committee approves the recommended compensation.

Form 990, Page 6, Part VI, Line 17

Minnesota, north carolina, north dakota, new hampshire, new jersey, new mexico, nevada, new york, oregon, pennsylvania, rhode island, south carolina, tennessee, utah, virginia, wisconsin, west virginia

Form 990, Page 6, Part VI, Line 19

The organization posts its documents on its website and guidestar website.

Filing and Contact Details

Filer

Filer Name
Burger King Mclamore Foundation
EIN
06-1765327
Phone
3053783183
Address
5505 BLUE LAGOON DRIVE, MIAMI, FL 33126

Signing Officer

Name
Jose Cil
Title
President
Phone
3053787896
Signed
2017-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jose Cil
Formed
2005
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
100

Preparer

Firm
Verdeja De Armas & Trujillo Llp
Address
255 ALHAMBRA CIR STE 560, CORAL GABLES, FL 33134-7417
Preparer
Pedro De Armas
Phone
3054463177
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Learning centers where communities can visit to receive an education. This global literacy impact reached more than 80,000 students.

Form 990, Part XI, Line 9

Special events 428,589 special events -428,589

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Support the burger king scholars program and the burger king family fund as well as related programs.

Schedule D, Page 3, Part X

The foundation is exempt from income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for federal or state income taxes has been made in the accompanying financial statements. The foundation recognizes and measures tax positions taken or expected to be taken in its tax return based on their technical merit and assesses the likelihood that the positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. Interest and penalties on tax liabilities, if any, would be recorded in interest expense and other non-interest expense, respectively. The u.s. Federal jurisdiction and florida are the major tax jurisdictions where the foundation files tax returns. The foundation is generally no longer subject to u.s. Federal or state examinations by tax authorities for years before 2013.

Schedule D, Page 4, Part XI, Line 2D

SPECIAL EVENTS 428,589

Schedule D, Page 4, Part XII, Line 2D

SPECIAL EVENTS 428,589

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$36.5$0.34$36.1$9.43$9.45$0.02
2023Detailed filing. Detailed filing data is available for this year.$35.3$0.94$34.3$8.70$6.46$2.23
2022Detailed filing. Detailed filing data is available for this year.$30.0$0.75$29.3$6.65$6.83$0.18
2021Detailed filing. Detailed filing data is available for this year.$34.3$0.41$33.9$7.13$6.27$0.86
2020Detailed filing. Detailed filing data is available for this year.$31.7$0.33$31.4$7.24$6.55$0.69
2019Detailed filing. Detailed filing data is available for this year.$27.9$0.16$27.7$7.74$5.37$2.37
2018Detailed filing. Detailed filing data is available for this year.$22.0$0.20$21.8$6.35$5.51$0.84
2017Detailed filing. Detailed filing data is available for this year.$24.1$0.19$23.9$6.34$5.10$1.25
2016Detailed filing. Detailed filing data is available for this year.$20.7$0.22$20.5$5.75$4.75$1.00
2015Detailed filing. Detailed filing data is available for this year.$19.0$0.14$18.9$5.16$4.15$1.01
2014Detailed filing. Detailed filing data is available for this year.$18.8$0.15$18.6$4.36$3.76$0.60
2013Detailed filing. Detailed filing data is available for this year.$18.0$0.26$17.8$5.36$3.14$2.22
2012Summary only. Only limited summary data is available for this year.$16.2$0.59$15.6$5.86$3.44$2.42
2011Summary only. Only limited summary data is available for this year.$13.7$0.40$13.3$5.09$2.28$2.82