Civic Intelligence

Miami Dade College Foundation Inc

EIN 59-6169745 • 501(c)3 • Miami, FL

Profile

A direct support organization for Miami Dade College (see Schedule O for additional information)

300 NE 2nd AvenueMiami, FL 33132

mdcfoundation.com

Siviq Scores

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

Liabilities / Assets

29th percentile

0.12x

Higher debt load relative to assets than 29% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

69th percentile

0.83x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

41st percentile

1.3%

Higher net margin than 41% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

46th percentile

4.7%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2025

Revenue Growth

61st percentile

10%

Faster revenue growth than 61% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2025

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$290,592,657

Up $19,648,160 (+7.3%) from 2024

Liabilities

Up

$36,172,589

Up $19,365,918 (+115%) from 2024

Net Assets

Up

$254,420,068

Up $282,242 (+0.1%) from 2024

Operations
Liabilities / Revenue69th percentileNet Margin41st percentile

Revenue

Down

$43,417,864

Down $10,373,290 (-19%) from 2024

Expenses

Up

$42,865,105

Up $2,384,289 (+5.9%) from 2024

Net Income

Down

$552,759

Down $12,757,579 (-96%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth46th percentile

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

$300M$200M$100M$0Assets 2010: $114,280,679Liabilities 2010: $9,496,230Net Assets 2010: $104,784,4492010Assets 2011: $124,593,751Liabilities 2011: $8,543,992Net Assets 2011: $116,049,7592011Assets 2012: $134,481,853Liabilities 2012: $18,595,028Net Assets 2012: $115,886,8252012Assets 2013: $142,308,676Liabilities 2013: $21,646,617Net Assets 2013: $120,662,0592013Assets 2014: $149,097,003Liabilities 2014: $23,575,476Net Assets 2014: $125,521,5272014Assets 2015: $163,095,821Liabilities 2015: $30,491,132Net Assets 2015: $132,604,6892015Assets 2016: $143,723,152Liabilities 2016: $23,959,638Net Assets 2016: $119,763,5142016Assets 2017: $146,950,870Liabilities 2017: $13,529,353Net Assets 2017: $133,421,5172017Assets 2018: $160,587,831Liabilities 2018: $16,567,732Net Assets 2018: $144,020,0992018Assets 2019: $168,147,637Liabilities 2019: $19,432,173Net Assets 2019: $148,715,4642019Assets 2020: $203,072,980Liabilities 2020: $26,381,268Net Assets 2020: $176,691,7122020Assets 2021: $260,323,232Liabilities 2021: $29,185,999Net Assets 2021: $231,137,2332021Assets 2022: $252,930,016Liabilities 2022: $27,901,347Net Assets 2022: $225,028,6692022Assets 2023: $236,523,698Liabilities 2023: $18,866,122Net Assets 2023: $217,657,5762023Assets 2024: $270,944,497Liabilities 2024: $16,806,671Net Assets 2024: $254,137,8262024Assets 2025: $290,592,657Liabilities 2025: $36,172,589Net Assets 2025: $254,420,0682025

Highlighted filing

2025

Assets$290,592,657
Liabilities$36,172,589
Net Assets$254,420,068
Open 2025 Filing

Operations Trend

Revenue Growth61st percentile

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

$60M$40M$20M$0-$20MExpenses 2010: $14,585,7972010Revenue 2011: $17,256,458Expenses 2011: $11,019,107Net Income 2011: $6,237,3512011Expenses 2012: $12,691,5662012Revenue 2013: $13,525,203Expenses 2013: $15,791,723Net Income 2013: -$2,266,5202013Revenue 2014: $11,618,983Expenses 2014: $15,318,107Net Income 2014: -$3,699,1242014Revenue 2015: $22,369,033Expenses 2015: $13,559,881Net Income 2015: $8,809,1522015Revenue 2016: $17,057,513Expenses 2016: $16,247,430Net Income 2016: $810,0832016Revenue 2017: $19,332,358Expenses 2017: $13,248,963Net Income 2017: $6,083,3952017Revenue 2018: $19,934,761Expenses 2018: $12,501,016Net Income 2018: $7,433,7452018Revenue 2019: $24,721,027Expenses 2019: $19,299,126Net Income 2019: $5,421,9012019Revenue 2020: $26,102,618Expenses 2020: $19,313,671Net Income 2020: $6,788,9472020Revenue 2021: $27,040,395Expenses 2021: $17,860,684Net Income 2021: $9,179,7112021Revenue 2022: $32,204,697Expenses 2022: $37,250,242Net Income 2022: -$5,045,5452022Revenue 2023: $35,719,937Expenses 2023: $30,964,279Net Income 2023: $4,755,6582023Revenue 2024: $53,791,154Expenses 2024: $40,480,816Net Income 2024: $13,310,3382024Revenue 2025: $43,417,864Expenses 2025: $42,865,105Net Income 2025: $552,7592025

Highlighted filing

2025

Revenue$43,417,864
Expenses$42,865,105
Net Income$552,759
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$290,592,657
Liabilities
$36,172,589
Net assets
$254,420,068
Revenue
$43,417,864
Expenses
$42,865,105
Net income
$552,759
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$291$36.2$254$43.4$42.9$0.55
2024Detailed filing. Detailed filing data is available for this year.$271$16.8$254$53.8$40.5$13.3
2023Detailed filing. Detailed filing data is available for this year.$237$18.9$218$35.7$31.0$4.76
2022Detailed filing. Detailed filing data is available for this year.$253$27.9$225$32.2$37.3$5.05
2021Detailed filing. Detailed filing data is available for this year.$260$29.2$231$27.0$17.9$9.18
2020Detailed filing. Detailed filing data is available for this year.$203$26.4$177$26.1$19.3$6.79
2019Summary only. Only limited summary data is available for this year.$168$19.4$149$24.7$19.3$5.42
2018Detailed filing. Detailed filing data is available for this year.$161$16.6$144$19.9$12.5$7.43
2017Detailed filing. Detailed filing data is available for this year.$147$13.5$133$19.3$13.2$6.08
2016Detailed filing. Detailed filing data is available for this year.$144$24.0$120$17.1$16.2$0.81
2015Detailed filing. Detailed filing data is available for this year.$163$30.5$133$22.4$13.6$8.81
2014Detailed filing. Detailed filing data is available for this year.$149$23.6$126$11.6$15.3$3.70
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$142$21.6$121$13.5$15.8$2.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$134$18.6$116$12.7
2011Summary only. Only limited summary data is available for this year.$125$8.54$116$17.3$11.0$6.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$114$9.50$105$14.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Dec 17, 2025
Return Version
2024v5.2
Gross Receipts
$129,616,585
Mission and Program Overview

Mission

See schedule o for the organization's mission statement:miami dade college foundation, inc is a florida not-for-profit corporation formed to serve as a direct-support organization, as defined in section 1004.70 of the florida statutes, of miami dade college, which is legally separate but financially accountable to the college. The foundation was organized and operates exclusively to receive, hold, invest, and administer property and to make expenditures to, or for the benefit of the college including educational and cultural events.

A direct support organization for Miami Dade College (see Schedule O for additional information)

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$159,121,003$182,335,313▲ $23,214,310
Investments Other Securities$72,132,244$67,467,016▼ $4,665,228
Savings and Temporary Cash Investments$19,597,437$25,606,101▲ $6,008,664
Pledges and Grants Receivable$19,116,958$13,955,223▼ $5,161,735
Accounts Receivable$484,921$484,503▼ $418
Total Assets$270,944,497$290,592,657▲ $19,648,160
Other Assets Total$491,934$744,501▲ $252,567
Liabilities
Other Liabilities$16,059,301$35,315,735▲ $19,256,434
Accounts Payable and Accrued Expenses$747,370$856,854▲ $109,484
Total Liabilities$16,806,671$36,172,589▲ $19,365,918
Net Assets / Fund Balance
Net Assets With Donor Restrictions$193,779,139$198,797,691▲ $5,018,552
Net Assets Without Donor Restrictions$60,358,687$55,622,377▼ $4,736,310
Total Net Assets Fund Balance$254,137,826$254,420,068▲ $282,242
Total Liabilities and Net Assets / Fund Balance$270,944,497$290,592,657▲ $19,648,160

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$5,525,586--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2025$107,852,859$1,838,643▲ $5,013,514$1,757,787$111,365,180
2024$96,518,912$832,049▲ $13,071,801$1,500,806$107,852,859
2023$101,417,195$1,264,044▼ $3,664,467$1,480,430$96,518,912
2022$101,419,351$383,900▲ $4,124,100$3,546,020$101,417,195
2021$77,484,358$2,443,165▲ $25,818,988$2,768,628$101,419,351
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Malou HarrisonExecutive VP & Provost--$329,250$329,250
Dr Malou HarrisonExecutive VP Provost-$254,943-$254,943
Madeline PumariegaMiami Dade College President-$175,405$649,185$175,405
Ana MartinezSr Director of DevelopmentFT$147,956-$147,956
Ivonne HernandezControllerFT$142,285-$142,285
Julia VivesChief Operating OfficerFT$135,090-$135,090

Board Members and Trustees

NameTitle
Eloise GonzalezAlumni Relations Committee Chair
Reginald J ClyneAudit Committee Chair
Henry FlechesBudget & Finance Committee Chair
Jorge M PlasenciaChairman
Efrain A MonzonDevelopment Committe Chair
Carlos R Fernandez-GuzmanImmediate Past Chairman
Jose SirvenNominating & Govt Committee Chair
Pablo PinoVice Chair
Angelica SantibanezDirector
Caroline OConnorDirector
Daniel Pena-GiraldiDirector
Dr Anay M AbrahamDirector
Malala MezerhaneDirector
Michael BilecaDirector
Robin ZieglerDirector
Tere BlancaDirector
Nelson HincapieCEO
Marta J MitzenmacherChief Financial Officer
Julia VivesInterim CEO
Toby B RohrerSecretary
Joseph A FernandezTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Performance Architects IncConsultant75 State St, Boston, MA 02109$303,328
Ballard Partners IncExternal Affairs201 East Park Ave, Tallahassee, FL 32301$224,180
University of FloridaScholarshipsPO Box 114025, Gainesville, FL 32611$221,500
Harris Travel ServiceTransportation5884 Sunset Dr, Miami, FL 33143$172,000
Agave Plaza HotelActivities Event2950 Coconut Dr, Coral Gables, FL 33134$170,960
Revenue and Support

Revenue Composition

Contributions and Grants
$28,906,417
Program Service Revenue
$601,407
Investment Income
$13,879,032
Other Revenue
$31,008
All Other Contributions
$26,963,546
Change in Net Assets
$552,759

Audited Revenue Reconciliation

Revenue per Audited Statements
$42,741,416
Revenue Not Reported on Financial Statements
$676,448
Revenue Not Reported on Form 990
$-270,517
Total Revenue per Audited Statements
$42,470,899
Total Revenue per Form 990
$43,417,864
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$24,947,045
Other Expenses$15,011,111
Total Fundraising Expense$3,039,053
Salaries, Compensation, and Employee Benefits$2,906,949
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$24,947,045--$24,947,045
Other Salaries and Wages$410,253$615,381$1,025,636$2,051,270
Fees for Services Other$1,113,262$545,472$174,409$1,833,143
Current Officers, Directors, Trustees, and Key Employees$171,136$256,703$427,840$855,679
Fees for Service Investment Mgmnt Fees-$676,448-$676,448
Advertising$227,072$1,900$97,368$326,340
Information Technology$11,790$135,806$46,014$193,610
Office Expenses$52,079$48,667$66,565$167,311
Occupancy$27,792$41,687$69,479$138,958
Fees for Services Accounting-$59,843-$59,843
Travel$16,038$12,767$9,192$37,997
Other Expenses$9,046,598$251,872$2,823$2,823
Total Functional Expenses$37,177,466$2,648,586$3,039,053$42,865,105

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$42,865,105
Expenses per Audited Statements$42,188,657
Total Expenses per Audited Statements$42,188,657
Expenses Not Reported on Financial Statements$676,448
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hall of Fame$686,005$686,005$359,193$326,812
Women Who Le$155,000$90,000$131,713$-41,713
Total Events$2,159,635$1,934,897$687,393$1,247,504
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Securities Lending Payable$19,983,606
Due to College$15,332,129
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 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
Yes
Other officer compensation reviewed
Yes
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 governing body review Part VI line 11

“The BODs audit committee reviews the annual tax return form 990 prior to its issuance”

Conflict of interest policy compliance Part VI line 12C

“The Secretary of the Board of Directors reviews annual disclosure statements to determine whether any conflict of interest exists among Trustees; if so the audit committee chair and executive committee members monitor such activity throughout the year.”

CEO executive director top management comp Part VI line 15A

“College holds responsibility for salary recommendations for executive team members of the College”

Other officer or key employee compensation Part VI line 15B

“Compensation is reviewed and approved by the Board of Trustees after studies of compensation plans of like institutions”

Governing documents etc available to public Part VI line 19

“Public notice is published for all Board meetings and minutes are available upon request”

Filing and Contact Details

Filer

Filer Name
Miami Dade College Foundation Inc
EIN
59-6169745
In Care Of
% Julia Vives
Phone
3052373240
Address
300 NE 2ND AVENUE, Miami, FL 33132

Signing Officer

Name
Julia Vives
Title
Interim CEO
Phone
3052373240
Signed
2025-12-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julia Vives
Formed
1996
Legal Domicile
Fl
Voting Board Members
23
Independent Board Members
21
Employees
0

Preparer

Firm
Anthony Brunson PA
Address
3350 SW 148th Ave Ste 110, Miramar, FL 33027
Preparer
Anthony Brunson
Phone
9548741721
Supplemental Narrative

Additional Explanations

Part III response or note to any other line in Part III

“Description of the Organizations Mission Miami Dade College Foundation is a Florida Not-For-Profit corporation formed to serve as a direct support oranization, as defined in section 1004.70 of the Florida statues, of Miami Dade College, which is legally separate but financially accountable to the College. The Foundation was organized and operates exclusively to receive, hold, invest, and administer property and to reimburse College expenditures for the benefit of student scholarships, educational programs, and cultural events.”

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt0Miami Dade College President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Executive VP & Provost
IRS990/Form990PartVIISectionAGrp/TitleTxt2CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chief Financial Officer
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Chief Operating Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Immediate Past Chairman
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IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt15Audit Committee Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt16Development Committe Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt17Nominating & Govt Committee Chair
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IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
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