Civic Intelligence

Breakthrough Miami Inc.

990 • Fiscal year 2017 • EIN 26-2105534

Oct 01, 2016 to Sep 30, 2017 • Filed on Jul 18, 2018

3250 Southwest Third Ave 6th FLMiami, FL 33129-2712

(305) 460-4359

Siviq Scores

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

Liabilities / Assets

40th percentile

0.04x

Higher debt load relative to assets than 40% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

33rd percentile

0.04x

Higher debt load relative to revenue than 33% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

70th percentile

13%

Higher net margin than 70% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

84th percentile

$154,500

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

80th percentile

20%

Faster asset growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

74th percentile

21%

Faster revenue growth than 74% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,578,167

Up $423,349 (+20%) from 2016

Net Assets

Up

$2,466,680

Up $382,358 (+18%) from 2016

Liabilities

Up

$111,487

Up $40,991 (+58%) from 2016

Revenue

Up

$2,963,473

Up $511,692 (+21%) from 2016

Expenses

Up

$2,581,115

Up $188,576 (+7.9%) from 2016

Net Income

Up

$382,358

Up $323,116 (+545%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2013: $2,067,959Liabilities 2013: $52,196Net Assets 2013: $2,015,7632013Assets 2014: $1,706,510Liabilities 2014: $51,214Net Assets 2014: $1,655,2962014Assets 2015: $2,059,220Liabilities 2015: $34,140Net Assets 2015: $2,025,0802015Assets 2016: $2,154,818Liabilities 2016: $70,496Net Assets 2016: $2,084,3222016Assets 2017: $2,578,167Liabilities 2017: $111,487Net Assets 2017: $2,466,6802017Assets 2018: $2,224,139Liabilities 2018: $36,325Net Assets 2018: $2,187,8142018Assets 2019: $2,132,859Liabilities 2019: $57,667Net Assets 2019: $2,075,1922019Assets 2020: $2,505,118Liabilities 2020: $313,205Net Assets 2020: $2,191,9132020Assets 2021: $3,309,185Liabilities 2021: $362,075Net Assets 2021: $2,947,1102021Assets 2022: $3,881,230Liabilities 2022: $105,292Net Assets 2022: $3,775,9382022Assets 2023: $3,480,535Liabilities 2023: $138,269Net Assets 2023: $3,342,2662023Assets 2024: $4,210,232Liabilities 2024: $178,339Net Assets 2024: $4,031,8932024Assets 2025: $5,835,989Liabilities 2025: $136,622Net Assets 2025: $5,699,3672025

Highlighted filing

2017

Assets$2,578,167
Liabilities$111,487
Net Assets$2,466,680

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2013: $1,713,8092013Revenue 2014: $1,481,246Expenses 2014: $1,816,713Net Income 2014: -$335,4672014Revenue 2015: $2,403,372Expenses 2015: $2,033,588Net Income 2015: $369,7842015Revenue 2016: $2,451,781Expenses 2016: $2,392,539Net Income 2016: $59,2422016Revenue 2017: $2,963,473Expenses 2017: $2,581,115Net Income 2017: $382,3582017Revenue 2018: $2,087,930Expenses 2018: $2,366,796Net Income 2018: -$278,8662018Revenue 2019: $2,779,403Expenses 2019: $2,777,025Net Income 2019: $2,3782019Revenue 2020: $2,882,959Expenses 2020: $2,766,238Net Income 2020: $116,7212020Revenue 2021: $3,876,382Expenses 2021: $3,119,833Net Income 2021: $756,5492021Revenue 2022: $4,913,228Expenses 2022: $4,080,407Net Income 2022: $832,8212022Revenue 2023: $4,524,592Expenses 2023: $4,952,692Net Income 2023: -$428,1002023Revenue 2024: $3,013,489Expenses 2024: $2,319,203Net Income 2024: $694,2862024Revenue 2025: $7,648,872Expenses 2025: $5,977,485Net Income 2025: $1,671,3872025

Highlighted filing

2017

Revenue$2,963,473
Expenses$2,581,115
Net Income$382,358
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jul 18, 2018
Return Version
2016v3.1
Gross Receipts
$2,990,535
Mission and Program Overview

Mission

Breakthrough miami uses a unique "students-teaching-students" model to create a rigorous, vibrant learning community, where highly motivated, under-resourced 5th-12th grade students are supported to achieve post- secondary success and emerging leaders are inspired to become the next generation of educators and advocates.

The mission of breakthrough miami is to inspire and encourage talented, motivated middle school students to enter and thrive in top college preparatory high school programs and graduate from college. The program is equally focused on promoting careers in education for the outstanding high school and college students who teach, tutor, and mentor in breakthrough miami's summer institute and school year program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,215,944$1,733,683▲ $517,739
Cash and Non-Interest-Bearing Accounts$928,428$830,844▼ $97,584
Prepaid Expenses and Deferred Charges$8,792$8,792→ $0
Land, Buildings, and Equipment, Net-$3,194-
Total Assets$2,154,818$2,578,167▲ $423,349
Other Assets Total$1,654$1,654→ $0
Liabilities
Accounts Payable and Accrued Expenses$70,496$111,487▲ $40,991
Total Liabilities$70,496$111,487▲ $40,991
Net Assets / Fund Balance
Unrestricted Net Assets$2,079,522$2,463,480▲ $383,958
Temporarily Rstr Net Assets$4,800$3,200▼ $1,600
Total Net Assets Fund Balance$2,084,322$2,466,680▲ $382,358
Total Liabilities and Net Assets / Fund Balance$2,154,818$2,578,167▲ $423,349

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$-329$6,939$6,610
Leasehold Improvements$3,523-$3,523
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elissa VanaverExecutive DiFT$154,500$154,500
Elissa VanaverExecutive Director-$154,500$154,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,990,310
Program Service Revenue
$0
Investment Income
$162
Other Revenue
$-26,999
All Other Contributions
$2,041,365
Change in Net Assets
$382,358

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 Table1$50,000Fair Market Value (FMV)
Total Noncash Contributions1$50,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,963,473
Revenue Not Reported on Form 990
$1,477,062
Total Revenue per Audited Statements
$4,440,535
Total Revenue per Form 990
$2,963,473
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,433,268
Other Expenses$1,147,847
Total Fundraising Expense$189,693
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$811,761$162,352$108,234$1,082,347
Fees for Services Other$242,477$42,342$15,342$300,161
Travel$167,979$60$60$168,099
Other Employee Benefits$94,568$18,914$12,609$126,091
Office Expenses$114,214$1,658$1,179$117,051
Current Officers, Directors, Trustees, and Key Employees$86,906$17,381$11,588$115,875
Payroll Taxes$66,885$13,377$8,918$89,180
Occupancy$56,550$7,719$6,419$70,688
Pension Plan Contributions$14,831$2,966$1,978$19,775
Insurance$14,720$1,840$1,840$18,400
Other Expenses$444$1,325$10,942$12,711
All Other Expenses$6,914$102$3,212$10,228
Advertising$1,843-$7,372$9,215
Depreciation Depletion-$329-$329
Total Functional Expenses$2,094,602$296,820$189,693$2,581,115

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,058,177
Expenses per Audited Statements$2,581,115
Total Expenses per Form 990$2,581,115
Expenses Not Reported on Form 990$1,477,062
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$27,062
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$221,230-$27,062-
Total Events$221,230-$27,062$-27,062
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
No
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 executive director and board members will examine this return, including accompanying schedules and statements prior to filing the return.

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

Policy is reviewed and discussed by board members and employees at meetings and any possible conflicts that arise are required to be disclosed.

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

The process for determining executive director's compensation involved the board of directors, who are considered independent persons, looking at executive pay at similiar organizations and evaluating whether program performance goals were met. The board of directors voted on the executive director's salary after considering these factors.

Form 990, Page 6, Part VI, Line 19

The governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Breakthrough Miami Inc
EIN
26-2105534
Phone
3054604359
Address
3250 SOUTHWEST THIRD AVE 6TH FL, MIAMI, FL 33129-2712

Signing Officer

Name
Barry S Gould CPA
Title
Treasurer
Phone
3054604359
Signed
2018-07-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey S Miller
Formed
2007
Legal Domicile
Fl
Voting Board Members
18
Independent Board Members
18
Employees
53
Volunteers
300

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 - ORGANIZATION'S MISSION

The mission of breakthrough miami is to inspire and encourage talented, motivated middle school students to enter and thrive in top college preparatory high school programs and graduate from college. The program is equally focused on promoting careers in education for the outstanding high school and college students who teach, tutor, and mentor in breakthrough miami's summer institute and school year program.

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

Accomplishments in 2017: -100% of seniors graduated on time from high school -98% of seniors selected four-year colleges and universities -100% of seniors took sat/act and completed the free application for federal student aid (fafsa) -111 summer institute teaching fellows in 2017

Form 990, Part IX, Line 11G

242,477 42,342 15,342

Form 990, Part XI, Line 9

Special event expenses 27,062 special event expenses -27,062

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has adopted the provisions of asc no 740, "accounting for uncertainty in income taxes" ("asc no 740"). Asc 740 required that the impact of tax positions to be recognized in the financial statements if they are more likely than not of being sustained upon examination. Accordingly, no provision for income taxes is made in the financial statements. At 9/30/17, there were no uncertain tax positions. The organization files tax returns with us federal and other tax authorities for which statue limitations may go back to the year ended 2014.

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

Special event expenses 27,062

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

Special event expenses 27,062

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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DEV. COMMITT
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/MissionDesc0THE MISSION OF BREAKTHROUGH MIAMI IS TO INSPIRE AND ENCOURAGE TALENTED, MOTIVATED MIDDLE SCHOOL STUDENTS TO ENTER AND THRIVE IN TOP COLLEGE PREPARATORY HIGH SCHOOL PROGRAMS AND GRADUATE FROM COLLEGE. THE PROGRAM IS EQUALLY FOCUSED ON PROMOTING CAREERS IN EDUCATION FOR THE OUTSTANDING HIGH SCHOOL AND COLLEGE STUDENTS WHO TEACH, TUTOR, AND MENTOR IN BREAKTHROUGH MIAMI'S SUMMER INSTITUTE AND SCHOOL YEAR PROGRAM.
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IRS990/OtherExpensesGrp/TotalAmt226455
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IRS990/PrincipalOfficerNm0JEFFREY S MILLER
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.84$0.14$5.70$7.65$5.98$1.67
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.21$0.18$4.03$3.01$2.32$0.69
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.48$0.14$3.34$4.52$4.95$0.43
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.88$0.11$3.78$4.91$4.08$0.83
2021Detailed filing. Detailed filing data is available for this year.$3.31$0.36$2.95$3.88$3.12$0.76
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.51$0.31$2.19$2.88$2.77$0.12
2019Detailed filing. Detailed filing data is available for this year.$2.13$0.06$2.08$2.78$2.78$0.00
2018Detailed filing. Detailed filing data is available for this year.$2.22$0.04$2.19$2.09$2.37$0.28
2017Detailed filing. Detailed filing data is available for this year.$2.58$0.11$2.47$2.96$2.58$0.38
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$0.07$2.08$2.45$2.39$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.06$0.03$2.03$2.40$2.03$0.37
2014Detailed filing. Detailed filing data is available for this year.$1.71$0.05$1.66$1.48$1.82$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$0.05$2.02$1.71