Civic Intelligence

New Florida Majority Inc

990 • Fiscal year 2019 • EIN 27-0167620

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

10800 Biscayne Blvd Suite 1050Miami, FL 33161

(305) 754-0118

Siviq Scores

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

Liabilities / Assets

41st percentile

0.02x

Higher debt load relative to assets than 41% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

37th percentile

0.03x

Higher debt load relative to revenue than 37% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Net Margin

74th percentile

25%

Higher net margin than 74% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$98,261

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Asset Growth

87th percentile

27%

Faster asset growth than 87% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

13th percentile

-23%

Faster revenue growth than 13% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,195,210

Up $462,117 (+27%) from 2018

Net Assets

Up

$2,144,689

Up $459,272 (+27%) from 2018

Liabilities

Up

$50,521

Up $2,845 (+6.0%) from 2018

Revenue

Down

$1,824,576

Down $548,052 (-23%) from 2018

Expenses

Down

$1,365,304

Down $378,411 (-22%) from 2018

Net Income

Down

$459,272

Down $169,641 (-27%) from 2018

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $358,499Liabilities 2010: $120,133Net Assets 2010: $238,3662010Assets 2012: $936,674Liabilities 2012: $98,576Net Assets 2012: $838,0982012Assets 2015: $569,332Liabilities 2015: $24,199Net Assets 2015: $545,1332015Assets 2016: $1,067,430Liabilities 2016: $29,651Net Assets 2016: $1,037,7792016Assets 2018: $1,733,093Liabilities 2018: $47,676Net Assets 2018: $1,685,4172018Assets 2019: $2,195,210Liabilities 2019: $50,521Net Assets 2019: $2,144,6892019Assets 2020: $5,607,791Liabilities 2020: $2,256,050Net Assets 2020: $3,351,7412020Assets 2021: $8,856,591Liabilities 2021: $1,043,830Net Assets 2021: $7,812,7612021Assets 2022: $8,655,450Liabilities 2022: $2,246,217Net Assets 2022: $6,409,2332022Assets 2024: $8,862,479Liabilities 2024: $1,106,509Net Assets 2024: $7,755,9702024

Highlighted filing

2019

Assets$2,195,210
Liabilities$50,521
Net Assets$2,144,689

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,544,1062010Expenses 2012: $1,068,6612012Revenue 2015: $388,495Expenses 2015: $413,538Net Income 2015: -$25,0432015Revenue 2016: $1,471,533Expenses 2016: $978,887Net Income 2016: $492,6462016Revenue 2018: $2,372,628Expenses 2018: $1,743,715Net Income 2018: $628,9132018Revenue 2019: $1,824,576Expenses 2019: $1,365,304Net Income 2019: $459,2722019Revenue 2020: $5,843,604Expenses 2020: $4,636,552Net Income 2020: $1,207,0522020Revenue 2021: $3,147,708Expenses 2021: $2,502,896Net Income 2021: $644,8122021Revenue 2022: $2,802,481Expenses 2022: $4,206,009Net Income 2022: -$1,403,5282022Revenue 2024: $4,051,864Expenses 2024: $3,980,396Net Income 2024: $71,4682024

Highlighted filing

2019

Revenue$1,824,576
Expenses$1,365,304
Net Income$459,272
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$1,824,576
Mission and Program Overview

Mission

New florida majority ("nfm") is a 501(c)(4) organization that organizes, educates and mobilizes communities in florida to win equity and fairness throughout the state. Its mission is to overcome the history of racism and division in florida. By building common cause among diverse communities nfm promotes expansion of democracy and development of leadership in underepresented communities. To shift the role of government away from corporate interest and support the well being of all floridians.

New florida majority inc., mission is to organize, educate and mobilize communities in florida to win equity and fairness throughout the state and to overcome the history of racism and division in florida.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,033,196$761,735▼ $271,461
Pledges and Grants Receivable$265,318$726,868▲ $461,550
Cash and Non-Interest-Bearing Accounts$282,302$530,312▲ $248,010
Savings and Temporary Cash Investments$120,024$120,036▲ $12
Prepaid Expenses and Deferred Charges$2,353$14,678▲ $12,325
Total Assets$1,733,093$2,195,210▲ $462,117
Other Assets Total$29,900$41,581▲ $11,681
Liabilities
Accounts Payable and Accrued Expenses$47,676$50,036▲ $2,360
Other Liabilities-$485-
Total Liabilities$47,676$50,521▲ $2,845
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,685,417$2,144,689▲ $459,272
Total Net Assets Fund Balance$1,685,417$2,144,689▲ $459,272
Total Liabilities and Net Assets / Fund Balance$1,733,093$2,195,210▲ $462,117

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$62,355-
Compensation and Service Providers

Employees

NameTitleBaseTotal
Andrea MercadoTreasurer$98,261$98,261

Board Members and Trustees

NameTitle
Alphonso MayfieldPresident
Maria RodriguezDirector
Topacio MarreroDirector
Alana GreerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,672,609
Program Service Revenue
$126,667
Investment Income
$12
Other Revenue
$25,288
All Other Contributions
$1,304,497
Change in Net Assets
$459,272

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,824,576
Total Revenue per Audited Statements
$1,824,576
Total Revenue per Form 990
$1,824,576
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$707,453
Salaries, Compensation, and Employee Benefits$656,851
Total Fundraising Expense$189,044
Grants and Similar Amounts Paid$1,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$362,371$50,329$90,593$503,293
Fees for Services Legal$88,088$5,575$17,841$111,504
Travel$80,274$9,633$17,125$107,032
Conferences and Meetings$98,592--$98,592
Occupancy$68,351$8,202$14,582$91,135
Office Expenses$62,106$7,240$8,145$77,491
Information Technology$57,022$6,843$12,165$76,030
Current Officers, Directors, Trustees, and Key Employees$73,769--$73,769
Advertising$51,051$5,672-$56,723
Fees for Services Accounting$38,551$2,440$7,808$48,799
Payroll Taxes$29,512$4,099$7,378$40,989
Other Employee Benefits$27,936$3,880$6,984$38,800
Insurance$1,912$229$408$2,549
Grants to Domestic Orgs$1,000--$1,000
Other Expenses$57$7$12$76
Total Functional Expenses$1,068,734$107,526$189,044$1,365,304

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,365,304
Total Expenses per Audited Statements$1,365,304
Total Expenses per Form 990$1,365,304
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$190,122
Section 527 Activity Spending$190,122
Total Exempt Function Spending$190,122
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Mwc$485
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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 7A

Nfm has members who the bylaws give the power to elect one member of the nfm board.

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

A draft of the return is reviewed by the president and the organization attorney. Changes and additions are made to the return based on their review, before being release to the public.

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

Nfm conducts an annual review of annual disclosure forms submitted by covered persons. Nfm compiles and maintains a list of potentially conflicted entities and individuals. Proposed transactions can then be matched against the list as a means of identifying potential conflicts. With major vendors and service providers, nfm considers asking each to disclose any relationship (personal, financial or otherwise) the vendor or service provider has or may have with any of the nfm director, officers, employees or volunteers.

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

The organization follows a step 3 process to determine appropriate compensation: the board arranges for an independent body to conduct a comparability review: the independent body looks at comparable salaries and benefits data, such as data available from surveys, to learn what employers of a similar budget size organization located in the same, or a similar geographic region, pay their senior leaders: the board/independent body documents who was involved and the process used to conduct the review, as well as the disposition of the full board's decision to approve the executive director's compentation.

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
New Florida Majority Inc
EIN
27-0167620
Phone
3057540118
Address
10800 BISCAYNE BLVD SUITE 1050, MIAMI, FL 33161

Signing Officer

Name
Andrea Mercado
Title
Treasurer
Phone
3057540118
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrea Mercado
Formed
2009
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
4
Employees
318
Volunteers
294

Preparer

Firm
Sanson Kline Jacomino Tandoc & Gamarra
Address
5805 BLUE LAGOON DR STE 220, MIAMI, FL 33126
Preparer
Alfredo a Jacomino
Phone
3052698633
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

New florida majority ("nfm") is a 501(c)(4) organization that organizes, educates and mobilizes communities in florida to win equity and fairness throughout the state. Its mission is to overcome the history of racism and division in florida. By building common cause among diverse communities nfm promotes expansion of democracy and development of leadership in underepresented communities. To shift the role of government away from corporate interest and support the well being of all floridians.

Form 990, Part III

Form 990, part iii, line 1: new florida majority ("nfm") is a 501(c)(4) organization that organizes, educates and mobilizes communities in florida to win equity and fairness throughout the state. Its mission is to overcome the history of racism and division in florida. By building common cause among diverse communities nfm promotes expansion of democracy and development of leadership in underepresented communities. To shift the role of government away from corporate interest and support the well being of all floridians.

Form 990, Part V

Form 990, part v, line 6b: grants received during the year were from donors who had funds to give organizations exempt under irc section 501(c)(4). Grant proposals were prepared that clearly provided the organization's tax exempt status.

Financial Statement Notes

Schedule D, Page 3, Part X

Part iv line 11f: the organization assesses its tax positions in accordance with accounting for uncertainties in income taxes as prescribed by the accounting standards codification, which provides guidance for financial statement recognition and measurement of uncertain tax positions taken or expected to be taken in a tax return for open tax years, generally a period of three years from the later of each return due date or the date filed, that remain subject to examination by the organization major tax jurisdictions. Generally, the organization is no longer subject to income tax examinations by major taxing authorities for years before fiscal 2013. The organization assesses its tax positions and determines whether it has any material unrecognized liabilities for uncertain tax positions. The organization records these liabilities to the extent it deems them more likely than not to be incurred. Interest and penalties related to uncertain tax positions, if any, would be classified as a component of income tax expense. The organization believes that it does not have any significant uncertain tax positions requiring recognition or measurement in the accompanying financial statements.

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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ENGAGED IN INDEPENDENT POLITICAL ACTIVITIES SUPPORTING THE ELECTION OF PROGRESSIVE CANDIDATES IN FLORIDA FOR ELECTED PUBLIC OFFICE (THROUGH EMPLOYEES AND CONTRACTORS). NO CONTRIBUTIONS WERE MADE TO THE CANDIDATE CAMPAIGNS.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART IV
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART IV LINE 11F: THE ORGANIZATION ASSESSES ITS TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES AS PRESCRIBED BY THE ACCOUNTING STANDARDS CODIFICATION, WHICH PROVIDES GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN FOR OPEN TAX YEARS, GENERALLY A PERIOD OF THREE YEARS FROM THE LATER OF EACH RETURN DUE DATE OR THE DATE FILED, THAT REMAIN SUBJECT TO EXAMINATION BY THE ORGANIZATION MAJOR TAX JURISDICTIONS. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY MAJOR TAXING AUTHORITIES FOR YEARS BEFORE FISCAL 2013. THE ORGANIZATION ASSESSES ITS TAX POSITIONS AND DETERMINES WHETHER IT HAS ANY MATERIAL UNRECOGNIZED LIABILITIES FOR UNCERTAIN TAX POSITIONS. THE ORGANIZATION RECORDS THESE LIABILITIES TO THE EXTENT IT DEEMS THEM MORE LIKELY THAN NOT TO BE INCURRED. INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, WOULD BE CLASSIFIED AS A COMPONENT OF INCOME TAX EXPENSE. THE ORGANIZATION BELIEVES THAT IT DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION OR MEASUREMENT IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NEW FLORIDA MAJORITY ("NFM") IS A 501(C)(4) ORGANIZATION THAT ORGANIZES, EDUCATES AND MOBILIZES COMMUNITIES IN FLORIDA TO WIN EQUITY AND FAIRNESS THROUGHOUT THE STATE. ITS MISSION IS TO OVERCOME THE HISTORY OF RACISM AND DIVISION IN FLORIDA. BY BUILDING COMMON CAUSE AMONG DIVERSE COMMUNITIES NFM PROMOTES EXPANSION OF DEMOCRACY AND DEVELOPMENT OF LEADERSHIP IN UNDEREPRESENTED COMMUNITIES. TO SHIFT THE ROLE OF GOVERNMENT AWAY FROM CORPORATE INTEREST AND SUPPORT THE WELL BEING OF ALL FLORIDIANS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART III, LINE 1: NEW FLORIDA MAJORITY ("NFM") IS A 501(C)(4) ORGANIZATION THAT ORGANIZES, EDUCATES AND MOBILIZES COMMUNITIES IN FLORIDA TO WIN EQUITY AND FAIRNESS THROUGHOUT THE STATE. ITS MISSION IS TO OVERCOME THE HISTORY OF RACISM AND DIVISION IN FLORIDA. BY BUILDING COMMON CAUSE AMONG DIVERSE COMMUNITIES NFM PROMOTES EXPANSION OF DEMOCRACY AND DEVELOPMENT OF LEADERSHIP IN UNDEREPRESENTED COMMUNITIES. TO SHIFT THE ROLE OF GOVERNMENT AWAY FROM CORPORATE INTEREST AND SUPPORT THE WELL BEING OF ALL FLORIDIANS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990, PART V, LINE 6B: GRANTS RECEIVED DURING THE YEAR WERE FROM DONORS WHO HAD FUNDS TO GIVE ORGANIZATIONS EXEMPT UNDER IRC SECTION 501(C)(4). GRANT PROPOSALS WERE PREPARED THAT CLEARLY PROVIDED THE ORGANIZATION'S TAX EXEMPT STATUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NFM HAS MEMBERS WHO THE BYLAWS GIVE THE POWER TO ELECT ONE MEMBER OF THE NFM BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A DRAFT OF THE RETURN IS REVIEWED BY THE PRESIDENT AND THE ORGANIZATION ATTORNEY. CHANGES AND ADDITIONS ARE MADE TO THE RETURN BASED ON THEIR REVIEW, BEFORE BEING RELEASE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NFM CONDUCTS AN ANNUAL REVIEW OF ANNUAL DISCLOSURE FORMS SUBMITTED BY COVERED PERSONS. NFM COMPILES AND MAINTAINS A LIST OF POTENTIALLY CONFLICTED ENTITIES AND INDIVIDUALS. PROPOSED TRANSACTIONS CAN THEN BE MATCHED AGAINST THE LIST AS A MEANS OF IDENTIFYING POTENTIAL CONFLICTS. WITH MAJOR VENDORS AND SERVICE PROVIDERS, NFM CONSIDERS ASKING EACH TO DISCLOSE ANY RELATIONSHIP (PERSONAL, FINANCIAL OR OTHERWISE) THE VENDOR OR SERVICE PROVIDER HAS OR MAY HAVE WITH ANY OF THE NFM DIRECTOR, OFFICERS, EMPLOYEES OR VOLUNTEERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION FOLLOWS A STEP 3 PROCESS TO DETERMINE APPROPRIATE COMPENSATION: THE BOARD ARRANGES FOR AN INDEPENDENT BODY TO CONDUCT A COMPARABILITY REVIEW: THE INDEPENDENT BODY LOOKS AT COMPARABLE SALARIES AND BENEFITS DATA, SUCH AS DATA AVAILABLE FROM SURVEYS, TO LEARN WHAT EMPLOYERS OF A SIMILAR BUDGET SIZE ORGANIZATION LOCATED IN THE SAME, OR A SIMILAR GEOGRAPHIC REGION, PAY THEIR SENIOR LEADERS: THE BOARD/INDEPENDENT BODY DOCUMENTS WHO WAS INVOLVED AND THE PROCESS USED TO CONDUCT THE REVIEW, AS WELL AS THE DISPOSITION OF THE FULL BOARD'S DECISION TO APPROVE THE EXECUTIVE DIRECTOR'S COMPENTATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART V
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt0A MAJORITY EDUCATION FUND INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt1A MAJORITY FUND INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEW FLORIDA MAJORITY EDUCATION FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1FLORIDA FREEDOM PAC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2NEW FLORIDA VISION PAC
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