Civic Intelligence

Mdglcc Foundation Inc.

990EZ • Fiscal year 2018 • EIN 26-2291157

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 11, 2019

1130 Washington Avenue 1st FloorMiami Beach, FL 33139

(305) 868-7620

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.67x

Higher debt load relative to assets than 92% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

83rd percentile

0.11x

Higher debt load relative to revenue than 83% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

69th percentile

14%

Higher net margin than 69% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

92nd percentile

109%

Faster asset growth than 92% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

13th percentile

-40%

Faster revenue growth than 13% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$18,172

Up $9,494 (+109%) from 2017

Net Assets

Up

$6,052

Up $15,001 (+168%) from 2017

Liabilities

Down

$12,120

Down $5,507 (-31%) from 2017

Revenue

Down

$107,501

Down $70,654 (-40%) from 2017

Expenses

Down

$92,500

Down $99,912 (-52%) from 2017

Net Income

Up

$15,001

Up $29,258 (+205%) from 2017

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0-$20KAssets 2012: $10,876Liabilities 2012: $9,984Net Assets 2012: $8922012Assets 2013: $13,513Liabilities 2013: $10,418Net Assets 2013: $3,0952013Assets 2014: $12,926Liabilities 2014: $10,279Net Assets 2014: $2,6472014Assets 2015: $12,597Liabilities 2015: $12,127Net Assets 2015: $4702015Assets 2016: $17,285Liabilities 2016: $11,977Net Assets 2016: $5,3082016Assets 2017: $8,678Liabilities 2017: $17,627Net Assets 2017: -$8,9492017Assets 2018: $18,172Liabilities 2018: $12,120Net Assets 2018: $6,0522018Assets 2019: $18,640Liabilities 2019: $8,977Net Assets 2019: $9,6632019Assets 2020: $24,090Liabilities 2020: $1,163Net Assets 2020: $22,9272020Assets 2021: $52,531Liabilities 2021: $32,165Net Assets 2021: $20,3662021Assets 2022: $41,200Liabilities 2022: $32,165Net Assets 2022: $9,0352022Assets 2023: $42,555Liabilities 2023: $25,477Net Assets 2023: $17,0782023Assets 2024: $36,481Liabilities 2024: $4,000Net Assets 2024: $32,4812024

Highlighted filing

2018

Assets$18,172
Liabilities$12,120
Net Assets$6,052

Operations Trend

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

$200K$100K$0-$100KRevenue 2012: $109,577Expenses 2012: $126,949Net Income 2012: -$17,3722012Revenue 2013: $142,182Expenses 2013: $139,979Net Income 2013: $2,2032013Revenue 2014: $139,249Expenses 2014: $139,697Net Income 2014: -$4482014Revenue 2015: $152,655Expenses 2015: $154,832Net Income 2015: -$2,1772015Revenue 2016: $163,286Expenses 2016: $158,448Net Income 2016: $4,8382016Revenue 2017: $178,155Expenses 2017: $192,412Net Income 2017: -$14,2572017Revenue 2018: $107,501Expenses 2018: $92,500Net Income 2018: $15,0012018Revenue 2019: $68,936Expenses 2019: $65,325Net Income 2019: $3,6112019Revenue 2020: $46,133Expenses 2020: $32,869Net Income 2020: $13,2642020Revenue 2021: $81,750Expenses 2021: $84,311Net Income 2021: -$2,5612021Revenue 2022: $72,488Expenses 2022: $83,819Net Income 2022: -$11,3312022Revenue 2023: $102,587Expenses 2023: $94,544Net Income 2023: $8,0432023Revenue 2024: $125,629Expenses 2024: $120,207Net Income 2024: $5,4222024

Highlighted filing

2018

Revenue$107,501
Expenses$92,500
Net Income$15,001
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 11, 2019
Return Version
2018v3.1
Gross Receipts
$107,501
Mission and Program Overview

Mission

Primary exempt purpose - the mdglcc foundation exists to support the education, travel, and tourism outreach efforts of the miami-dade gay & lesbian chamber of commerce. The mdglcc foundation provides educational programs, seminars, and fundraising opportunities in addition to conducting diversity outreach and educational training for entrepreneurs.

To support the education travel and

Program Services

DescriptionGrantsExpenses
PRIMARY EXEMPT PURPOSE - THE MDGLCC FOUNDATION EXISTS TO SUPPORT THE EDUCATION TRAVEL AND TOURISM OUTREACH EFFORTS OF THE MIAMI-DADE GAY & LESBIAN CHAMBER OF COMMERCE THE MDGLCC$49,500$38,327
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVEN N ADKINSPresidentPT$0--
JORGE RICHASecretaryPT$0--
GEORGE D NEARYDirector-$0--
MICHAEL ALLERDirector-$0--
CINDY BROWNDirector-$0--
LORI LYNCHExecutive DirectorFT$0--
Filing and Contact Details

Filer

Filer Name
Mdglcc Foundation Inc
EIN
26-2291157
Address
1130 WASHINGTON AVENUE 1ST FLOOR, MIAMI BEACH, FL 33139

Signing Officer

Name
Steven N Adkins
Title
President
Phone
3056734440
Signed
2019-09-11
Discuss with paid preparer
Yes

Preparer

Firm
Manal Oliver & Associates Inc
Address
301 W 41 STREET SUITE 501, Miami Beach, FL 33140
Preparer
Manal Oliver
Phone
3058687620
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

Description amountlease income 38,230

Description of other expenses Part I line 16

Description amountdepreciation from 4562 168administrative expenses 5,372advertising 31,218other expenses 1,577payroll taxes 546program & event expenses 160

Description of other assets Part II line 24

Category beginning of year end of yearsecurity deposit 8,477 8,477furniture & fixtures - net 199 31rounding 2 2

Description of total liabilities Part II line 26

Category beginning of year end of yeardeposit payable 1,000 1,000due to affiliate 15,977 10,977checking overdraft 650 0payroll liabilities 0 143

Raw XML Appendix166 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MIAMI BEACH
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5EXECUTIVE DIRECTOR
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO SUPPORT THE EDUCATION TRAVEL AND
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IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
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IRS990ScheduleA/TotalSupportAmt0373664
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTLEASE INCOME 38,230
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTDEPRECIATION FROM 4562 168ADMINISTRATIVE EXPENSES 5,372ADVERTISING 31,218OTHER EXPENSES 1,577PAYROLL TAXES 546PROGRAM & EVENT EXPENSES 160
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEARSECURITY DEPOSIT 8,477 8,477FURNITURE & FIXTURES - NET 199 31ROUNDING 2 2
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CATEGORY BEGINNING OF YEAR END OF YEARDEPOSIT PAYABLE 1,000 1,000DUE TO AFFILIATE 15,977 10,977CHECKING OVERDRAFT 650 0PAYROLL LIABILITIES 0 143
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVEN N ADKINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03056734440
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-09-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MDGLCC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MDGL
ReturnHeader/Filer/EIN0262291157
ReturnHeader/Filer/USAddress/AddressLine1Txt01130 WASHINGTON AVENUE 1ST FLOOR
ReturnHeader/Filer/USAddress/CityNm0MIAMI BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033139
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId06598862019255opccvf3
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-09-12
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0104.12.68.222
ReturnHeader/FilingSecurityInformation/IPDt02019-09-12
ReturnHeader/FilingSecurityInformation/IPTm013:44:29
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650646066
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MANAL OLIVER & ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0301 W 41 STREET SUITE 501
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Miami Beach
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033140
ReturnHeader/PreparerPersonGrp/PhoneNum03058687620
ReturnHeader/PreparerPersonGrp/PreparationDt02019-09-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MANAL OLIVER
ReturnHeader/ReturnTs02019-09-11T21:56:30-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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Filings