Civic Intelligence

The Murray Dranoff Foundation Inc.

990 • Fiscal year 2014 • EIN 59-2726057

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 15, 2015

3550 Biscayne BlvdRoom/Suite 702Miami, FL 33137

(305) 572-9900

Siviq Scores

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

Liabilities / Assets

96th percentile

1.59x

Higher debt load relative to assets than 96% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

84th percentile

0.13x

Higher debt load relative to revenue than 84% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

49th percentile

2.9%

Higher net margin than 49% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

97th percentile

$80,500

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 18.3% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

91st percentile

104%

Faster asset growth than 91% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

24th percentile

-18%

Faster revenue growth than 24% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$37,277

Up $18,965 (+104%) from 2013

Net Assets

Up

-$22,131

Up $12,816 (+37%) from 2013

Liabilities

Up

$59,408

Up $6,149 (+12%) from 2013

Revenue

Down

$440,276

Down $98,714 (-18%) from 2013

Expenses

Down

$427,460

Down $193,877 (-31%) from 2013

Net Income

Up

$12,816

Up $95,163 (+116%) from 2013

Historical Trend

Balance Sheet Trend

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

$200K$100K$0-$100KAssets 2012: $50,405Liabilities 2012: $3,005Net Assets 2012: $47,4002012Assets 2013: $18,312Liabilities 2013: $53,259Net Assets 2013: -$34,9472013Assets 2014: $37,277Liabilities 2014: $59,408Net Assets 2014: -$22,1312014Assets 2015: $32,420Liabilities 2015: $59,290Net Assets 2015: -$26,8702015Assets 2016: $8,364Liabilities 2016: $65,717Net Assets 2016: -$57,3532016Assets 2017: $16,206Liabilities 2017: $62,345Net Assets 2017: -$46,1392017Assets 2018: $22,349Liabilities 2018: $53,680Net Assets 2018: -$31,3312018Assets 2019: $72,040Liabilities 2019: $56,250Net Assets 2019: $15,7902019Assets 2020: $147,640Liabilities 2020: $54,780Net Assets 2020: $92,8602020Assets 2021: $128,841Liabilities 2021: $56,797Net Assets 2021: $72,0442021Assets 2022: $113,787Liabilities 2022: $55,602Net Assets 2022: $58,1852022Assets 2023: $17,791Liabilities 2023: $55,227Net Assets 2023: -$37,4362023Assets 2024: $96,869Liabilities 2024: $52,685Net Assets 2024: $44,1842024

Highlighted filing

2014

Assets$37,277
Liabilities$59,408
Net Assets-$22,131

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2012: $341,5822012Revenue 2013: $538,990Expenses 2013: $621,337Net Income 2013: -$82,3472013Revenue 2014: $440,276Expenses 2014: $427,460Net Income 2014: $12,8162014Revenue 2015: $415,806Expenses 2015: $420,545Net Income 2015: -$4,7392015Revenue 2016: $437,734Expenses 2016: $459,832Net Income 2016: -$22,0982016Revenue 2017: $470,323Expenses 2017: $459,109Net Income 2017: $11,2142017Revenue 2018: $477,586Expenses 2018: $462,778Net Income 2018: $14,8082018Revenue 2019: $421,932Expenses 2019: $374,811Net Income 2019: $47,1212019Revenue 2020: $401,488Expenses 2020: $324,418Net Income 2020: $77,0702020Revenue 2021: $307,245Expenses 2021: $328,061Net Income 2021: -$20,8162021Revenue 2022: $472,850Expenses 2022: $486,709Net Income 2022: -$13,8592022Revenue 2023: $154,997Expenses 2023: $250,618Net Income 2023: -$95,6212023Revenue 2024: $601,586Expenses 2024: $561,891Net Income 2024: $39,6952024

Highlighted filing

2014

Revenue$440,276
Expenses$427,460
Net Income$12,816
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 15, 2015
Return Version
2014v5.0
Gross Receipts
$440,276
Mission and Program Overview

Mission

Cultural advancement of piano by holding special events

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,172$23,822▲ $21,650
Savings and Temporary Cash Investments$11,070$8,385▼ $2,685
Inventories for Sale or Use$1,283$1,283→ $0
Rtn Earn Endowment Incm Other Fnds$-34,947$-22,131▲ $12,816
Total Assets$18,312$37,277▲ $18,965
Other Assets Total$3,787$3,787→ $0
Liabilities
Other Liabilities$53,259$59,408▲ $6,149
Total Liabilities$53,259$59,408▲ $6,149
Net Assets / Fund Balance
Total Net Assets Fund Balance$-34,947$-22,131▲ $12,816
Total Liabilities and Net Assets / Fund Balance$18,312$37,277▲ $18,965

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$18,930$18,930
Other Assets Org$3,787--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carlene SawyerDirectorFT$80,500$80,500

Board Members and Trustees

NameTitle
Alexander TecleBoard Member
Andrea RiceBoard Member
Betsy KaplanBoard Member
Billie DiamondBoard Member
Carol Elkins-bensonBoard Member
Carolyn DavenportBoard Member
Elvira DopicoBoard Member
Enrique BlancoBoard Member
Fran MclaneyBoard Member
Gabriele FiorentinoBoard Member
Heather MannBoard Member
Humberto ComellasBoard Member
Jeffrey FeldmanBoard Member
John DeleonBoard Member
John RooneyBoard Member
Joseph FernandezBoard Member
Kristin PodackBoard Member
Marc LippmanBoard Member
Marcia KaplanBoard Member
Marilyn GoldaberBoard Member
Mark CohnBoard Member
Maxine LongBoard Member
Mildred CohnBoard Member
Pat NealBoard Member
Patricia BohnBoard Member
Patricia ClarkeBoard Member
Richard BohnBoard Member
Susanna TarjanBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$420,051
Program Service Revenue
$20,225
Investment Income
$0
Other Revenue
$0
All Other Contributions
$338,162
Change in Net Assets
$12,816
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$305,533
Salaries, Compensation, and Employee Benefits$121,927
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$80,500-$80,500
All Other Expenses$31,248$47,446-$78,694
Other Salaries and Wages-$32,658-$32,658
Occupancy-$26,750-$26,750
Other Expenses$20,950--$20,950
Office Expenses-$11,978-$11,978
Insurance-$9,895-$9,895
Payroll Taxes-$8,769-$8,769
Travel$5,423--$5,423
Interest-$2,534-$2,534
Fees for Services Accounting-$2,175-$2,175
Total Functional Expenses$204,755$222,705$0$427,460
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
Loc - Suntrust$50,000
Payroll Tax Deposits$3,250
L/p - Board Members$3,158
Credit Card Payable$3,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
The Murray Dranoff Foundation
EIN
59-2726057
Phone
3055729900
Address
3550 BISCAYNE BLVD, ROOM/SUITE 702, MIAMI, FL 33137

Signing Officer

Name
Carlene Sawyer
Title
Director
Phone
3055729900
Signed
2015-06-15

Organization Details

Voting Board Members
27
Independent Board Members
27
Employees
3

Preparer

Firm
INFELD BARR REISKIND CPA'S PA
Address
5011 S STATE ROAD 7 STE 107, DAVIE, FL 33314
Preparer
Karen W Barr
Phone
9546161389
Supplemental Narrative

Additional Explanations

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

Various special and cultural events held throughout the year

Form 990, Part IX, Line 24E

Transportation 20,476 0 0 credit card fees 0 9,047 0 videography 0 8,000 0 printing 6,980 0 0 meals 0 6,252 0 marketing 0 5,046 0 postage 0 3,191 0 piano tuning 3,145 0 0 photography 0 2,754 0 telephone 0 2,548 0 recording 0 2,040 0 awards 0 2,000 0 dues and subscriptions 0 1,610 0 prizes 0 1,531 0 piano rental 0 818 0 compact discs 0 552 0 bank charges 0 547 0 computer consultant 0 498 0 professional fees 350 0 0 parking 0 330 0 lodging 297 0 0 copier 0 271 0 water 0 227 0 cleaning 0 100 0 couriers 0 84 0

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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOC - SUNTRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAX DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2L/P - BOARD MEMBERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CREDIT CARD PAYABLE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VARIOUS SPECIAL AND CULTURAL EVENTS HELD THROUGHOUT THE YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRANSPORTATION 20,476 0 0 CREDIT CARD FEES 0 9,047 0 VIDEOGRAPHY 0 8,000 0 PRINTING 6,980 0 0 MEALS 0 6,252 0 MARKETING 0 5,046 0 POSTAGE 0 3,191 0 PIANO TUNING 3,145 0 0 PHOTOGRAPHY 0 2,754 0 TELEPHONE 0 2,548 0 RECORDING 0 2,040 0 AWARDS 0 2,000 0 DUES AND SUBSCRIPTIONS 0 1,610 0 PRIZES 0 1,531 0 PIANO RENTAL 0 818 0 COMPACT DISCS 0 552 0 BANK CHARGES 0 547 0 COMPUTER CONSULTANT 0 498 0 PROFESSIONAL FEES 350 0 0 PARKING 0 330 0 LODGING 297 0 0 COPIER 0 271 0 WATER 0 227 0 CLEANING 0 100 0 COURIERS 0 84 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false

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