Civic Intelligence

Beacon College Prep Inc

EIN 46-1615260 • 501(c)3 • Miami Beach, FL

Profile

To lead elementary and middle school students to superior academic achievement, cultivate their talents and interests, and foster admirable character traits to build strong foundations that empower their success to-and-through college.

125 E San Marino DriveMiami Beach, FL 33139

www.beaconpride.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

1.03x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

1.79x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

57th percentile

7.5%

Higher net margin than 57% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

53rd percentile

5.9%

Faster asset growth than 53% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

28th percentile

-2.9%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$11,657,201

Up $645,131 (+5.9%) from 2023

Liabilities

Up

$11,961,495

Up $71,982 (+0.6%) from 2023

Net Assets

Up

-$304,294

Up $573,149 (+65%) from 2023

Revenue

Down

$6,690,082

Down $198,377 (-2.9%) from 2023

Expenses

Down

$6,190,387

Down $1,721,300 (-22%) from 2023

Net Income

Up

$499,695

Up $1,522,923 (+149%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0MAssets 2014: $90,098Liabilities 2014: $484,9172014Assets 2015: $534,234Liabilities 2015: $579,925Net Assets 2015: -$45,6912015Assets 2016: $614,197Liabilities 2016: $884,338Net Assets 2016: -$270,1412016Assets 2017: $320,268Liabilities 2017: $368,196Net Assets 2017: -$47,9282017Assets 2018: $1,128,647Liabilities 2018: $561,645Net Assets 2018: $567,0022018Assets 2019: $12,067,237Liabilities 2019: $11,908,194Net Assets 2019: $159,0432019Assets 2020: $12,249,047Liabilities 2020: $12,531,200Net Assets 2020: -$282,1532020Assets 2021: $12,193,654Liabilities 2021: $12,024,216Net Assets 2021: $169,4382021Assets 2022: $12,042,342Liabilities 2022: $11,896,557Net Assets 2022: $145,7852022Assets 2023: $11,012,070Liabilities 2023: $11,889,513Net Assets 2023: -$877,4432023Assets 2024: $11,657,201Liabilities 2024: $11,961,495Net Assets 2024: -$304,2942024

Highlighted filing

2024

Assets$11,657,201
Liabilities$11,961,495
Net Assets-$304,294

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2014: $0Expenses 2014: $227,135Net Income 2014: -$227,1352014Revenue 2015: $1,695,234Expenses 2015: $1,345,954Net Income 2015: $349,2802015Revenue 2016: $2,324,705Expenses 2016: $2,549,155Net Income 2016: -$224,4502016Revenue 2017: $2,909,251Expenses 2017: $2,663,190Net Income 2017: $246,0612017Revenue 2018: $3,979,623Expenses 2018: $3,364,693Net Income 2018: $614,9302018Revenue 2019: $6,369,250Expenses 2019: $6,826,959Net Income 2019: -$457,7092019Revenue 2020: $6,277,761Expenses 2020: $6,718,957Net Income 2020: -$441,1962020Revenue 2021: $7,064,402Expenses 2021: $6,723,091Net Income 2021: $341,3112021Revenue 2022: $6,882,360Expenses 2022: $6,906,013Net Income 2022: -$23,6532022Revenue 2023: $6,888,459Expenses 2023: $7,911,687Net Income 2023: -$1,023,2282023Revenue 2024: $6,690,082Expenses 2024: $6,190,387Net Income 2024: $499,6952024

Highlighted filing

2024

Revenue$6,690,082
Expenses$6,190,387
Net Income$499,695

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 15, 2025
Return Version
2023v6.0
Gross Receipts
$6,690,082
Mission and Program Overview

Mission

To lead elementary students to superior academic achievement, cultivate their talents and interests, and foster admirable character traits to build strong foundations that empower their success to-and-through college.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,689,795$9,274,873▼ $414,922
Cash and Non-Interest-Bearing Accounts$388,658$1,444,713▲ $1,056,055
Pledges and Grants Receivable$920,254$925,392▲ $5,138
Prepaid Expenses and Deferred Charges$1,140--
Total Assets$11,012,070$11,657,201▲ $645,131
Other Assets Total$12,223$12,223→ $0
Liabilities
Tax Exempt Bond Liabilities$11,449,394$11,426,268▼ $23,126
Other Liabilities$423,363$434,910▲ $11,547
Accounts Payable and Accrued Expenses$16,756$100,317▲ $83,561
Total Liabilities$11,889,513$11,961,495▲ $71,982
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-877,443$-304,294▲ $573,149
Total Net Assets Fund Balance$-877,443$-304,294▲ $573,149
Total Liabilities and Net Assets / Fund Balance$11,012,070$11,657,201▲ $645,131

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$7,354,105$2,230,843$9,584,948
Land$1,654,903-$1,654,903
Equipment$168,560$955,788$1,124,348
Leasehold Improvements$97,305$168,338$265,643
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sergio BonillaPrincipalFT$104,115$104,115

Board Members and Trustees

NameTitle
Jeffrey MillerPresident
Virginia AkarBoard Member
Carlos GonzalezGov. Board L
Melissa E KrinzmanSecretary
Octavio VerdejaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,677,913
Program Service Revenue
$0
Investment Income
$5,368
Other Revenue
$6,801
All Other Contributions
$6,677,913
Change in Net Assets
$499,695

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,690,082
Total Revenue per Audited Statements
$6,690,082
Total Revenue per Form 990
$6,690,082
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,467,422
Other Expenses$2,722,965
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,959,115$50,654-$3,009,769
Interest-$843,861-$843,861
Depreciation Depletion$466,904$78,353-$545,257
Fees for Services Other$287,975$31,031-$319,006
Other Employee Benefits$210,932$18,292-$229,224
Payroll Taxes$191,629$36,800-$228,429
Insurance$162,896$25,991-$188,887
Advertising$14,017$110,575-$124,592
All Other Expenses$112,314$1,770-$114,084
Other Expenses$71,640--$71,640
Information Technology$41,617--$41,617
Office Expenses$28,170$2,205-$30,375
Fees for Services Legal-$6,690-$6,690
Total Functional Expenses$4,984,165$1,206,222$0$6,190,387

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,190,387
Total Expenses per Audited Statements$6,190,387
Total Expenses per Form 990$6,190,387
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
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Salaries, Benefits & Payroll Taxes$354,145
Accrued Interest$67,080
Note Payable$13,685

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMiami-dade County Industrial2018-07-01$11,900,000The purpose of the proceeds of the series 2018 bonds, together with other available funds, were used

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$11,900,000--$241,807

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

Copy of the tax return is provided to the governing body before it is filed for their review.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Beacon College Prep Inc
EIN
46-1615260
Phone
7863536109
Address
125 E SAN MARINO DRIVE, MIAMI BEACH, FL 33139

Signing Officer

Name
Octavio Verdeja
Title
Treasurer
Phone
3054463177
Signed
2025-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Miller
Formed
2012
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
85
Volunteers
7

Preparer

Firm
Sharff Wittmer Kurtz Jackson & Diaz Pa
Address
4621 PONCE DE LEON BLVD, CORAL GABLES, FL 33146
Preparer
Luis E Diaz CPA
Phone
3056667229
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To lead elementary and middle school students to superior academic achievement, cultivate their talents and interests, and foster admirable character traits to build strong foundations that empower their success to-and-through college.

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

Please see description of 1st exempt purpose accomplishment.

Raw XML AppendixShowing 400 of 427 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALARIES, BENEFITS & PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NOTE PAYABLE
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0BEACON COLLEGE PREP ADMITS QUALIFIED STUDENTS, IRRESPECTIVE OF RACE, COLOR, RELIGION, SEX, NATIONAL ORIGIN, SEXUAL ORIENTATION OR DISABILITY. ALL STUDENTS ARE AFFORDED THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO BEACON COLLEGE PREP STUDENTS. THE SCHOOL DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGION, SEX, NATIONAL ORIGIN, SEXUAL ORIENTATION OR DISABILITY IN THE ADMINISTRATION OF ITS EDUCATIONAL PROGRAM, ADMISSION, FINANCIAL AID AND LOANS, ATHLETIC OR OTHER SCHOOL POLICIES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0MIAMI-DADE COUNTY INDUSTRIAL THE PURPOSE OF THE PROCEEDS OF THE SERIES 2018 BONDS, TOGETHER WITH OTHER AVAILABLE FUNDS, WERE USED TO FINANCE: (I) THE ACQUISITION OF LAND AND FACILITIES LOCATED AT 13400 N.W 28TH AVENUE, IN MIAMI-DADE COUNTY, WHERE THE SCHOOLS ARE CURRENTLY OPERATING; (II) THE CONSTRUCTION, UPGRADING, RENOVATION AND EQUIPPING OF SCHOOL EDUCATIONAL AND ATHLETIC FACILITIES, (III) CAPITALIZED INTEREST (COLLECTIVELY, THE "SERIES 2018 PROJECT'); AND (IV) THE PAYMENT OF CERTAIN BOND ISSUANCE COSTS OF THE SERIES 2018 BONDS.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PURPOSE OF ISSUE DESCRIPTION
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0THE PURPOSE OF THE PROCEEDS OF THE SERIES 2018 BONDS, TOGETHER WITH OTHER AVAILABLE FUNDS, WERE USED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO LEAD ELEMENTARY AND MIDDLE SCHOOL STUDENTS TO SUPERIOR ACADEMIC ACHIEVEMENT, CULTIVATE THEIR TALENTS AND INTERESTS, AND FOSTER ADMIRABLE CHARACTER TRAITS TO BUILD STRONG FOUNDATIONS THAT EMPOWER THEIR SUCCESS TO-AND-THROUGH COLLEGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PLEASE SEE DESCRIPTION OF 1ST EXEMPT PURPOSE ACCOMPLISHMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPY OF THE TAX RETURN IS PROVIDED TO THE GOVERNING BODY BEFORE IT IS FILED FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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