Civic Intelligence

South Florida Progress Foundation Inc.

990 • Fiscal year 2015 • EIN 59-6216592

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 15, 2016

Organization Profilewww.miamichamber.com
1601 Biscayne Blvd Ballroom LevelMiami, FL 33132

(305) 350-7700

Siviq Scores

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

Liabilities / Assets

84th percentile

0.27x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

86th percentile

0.19x

Higher debt load relative to revenue than 86% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

36th percentile

-1.6%

Higher net margin than 36% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

99th percentile

$190,584

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 102.5% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

70th percentile

17%

Faster asset growth than 70% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

84th percentile

42%

Faster revenue growth than 84% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$132,840

Up $19,573 (+17%) from 2014

Net Assets

Down

$96,838

Down $2,950 (-3.0%) from 2014

Liabilities

Up

$36,002

Up $22,523 (+167%) from 2014

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin36th percentile

Revenue

Up

$185,932

Up $54,700 (+42%) from 2014

Expenses

Up

$188,882

Up $37,894 (+25%) from 2014

Net Income

Up

-$2,950

Up $16,806 (+85%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$300K$200K$100K$0Assets 2011: $75,401Liabilities 2011: $0Net Assets 2011: $75,4012011Assets 2012: $124,370Liabilities 2012: $39,491Net Assets 2012: $84,8792012Assets 2013: $122,044Liabilities 2013: $2,500Net Assets 2013: $119,5442013Assets 2014: $113,267Liabilities 2014: $13,479Net Assets 2014: $99,7882014Assets 2015: $132,840Liabilities 2015: $36,002Net Assets 2015: $96,8382015Assets 2016: $113,447Liabilities 2016: $0Net Assets 2016: $113,4472016Assets 2017: $140,314Liabilities 2017: $45,491Net Assets 2017: $94,8232017Assets 2018: $94,579Liabilities 2018: $1,200Net Assets 2018: $93,3792018Assets 2019: $151,557Liabilities 2019: $76,381Net Assets 2019: $75,1762019Assets 2020: $146,138Liabilities 2020: $6,562Net Assets 2020: $139,5762020Assets 2021: $141,889Liabilities 2021: $26,188Net Assets 2021: $115,7012021Assets 2022: $186,609Liabilities 2022: $54,097Net Assets 2022: $132,5122022Assets 2023: $221,603Liabilities 2023: $63,813Net Assets 2023: $157,7902023Assets 2024: $157,537Liabilities 2024: $4,296Net Assets 2024: $153,2412024

Highlighted filing

2015

Assets$132,840
Liabilities$36,002
Net Assets$96,838
Open 2015 Filing

Operations Trend

Revenue Growth84th percentile

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

$400K$300K$200K$100K$0-$100KExpenses 2011: $248,2842011Revenue 2012: $283,475Expenses 2012: $273,997Net Income 2012: $9,4782012Expenses 2013: $257,8712013Revenue 2014: $131,232Expenses 2014: $150,988Net Income 2014: -$19,7562014Revenue 2015: $185,932Expenses 2015: $188,882Net Income 2015: -$2,9502015Revenue 2016: $231,135Expenses 2016: $214,526Net Income 2016: $16,6092016Revenue 2017: $185,844Expenses 2017: $204,468Net Income 2017: -$18,6242017Revenue 2018: $221,749Expenses 2018: $223,193Net Income 2018: -$1,4442018Revenue 2019: $311,284Expenses 2019: $329,487Net Income 2019: -$18,2032019Revenue 2020: $146,872Expenses 2020: $82,472Net Income 2020: $64,4002020Revenue 2021: $161,861Expenses 2021: $185,736Net Income 2021: -$23,8752021Revenue 2022: $219,622Expenses 2022: $202,811Net Income 2022: $16,8112022Revenue 2023: $290,020Expenses 2023: $264,742Net Income 2023: $25,2782023Revenue 2024: $208,547Expenses 2024: $213,096Net Income 2024: -$4,5492024

Highlighted filing

2015

Revenue$185,932
Expenses$188,882
Net Income-$2,950
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 15, 2016
Return Version
2014v6.0
Gross Receipts
$185,932
Mission and Program Overview

Mission

The foundation works to leverage its relationship with south florida professionals and civic leaders to identify top issues, prioritize them through consensus and then develop and implement solutions through programmatic activity, all funded by member donations, endowments and grants. Through strategic partnerships with local organizations committed to the betterment of south florida, the effectiveness of and need for the foundation's various initiatives are reviewed and prioritized annually. These initiatives include: 1. South florida quality of life issues: o education o transportation o expansion and enhancement of cultural offerings o environmental issues o hurricane preparedness and recovery 2. Diversity issues 3. College scholarships for students interested in pursing careers in business, law or government

THE ORGANIZATION PROVIDES PROGRAMS TO promote the development of the GREATER MIAMI AREA, STRIVING TO PROMOTE ACTIVITIES TO FURTHER EMPLOYMENT & EDUCATION.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$113,267$132,340▲ $19,073
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$113,267$132,840▲ $19,573
Other Assets Total$0$500▲ $500
Liabilities
Accounts Payable and Accrued Expenses$13,479$36,002▲ $22,523
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$13,479$36,002▲ $22,523
Net Assets / Fund Balance
Unrestricted Net Assets$99,788$96,838▼ $2,950
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$99,788$96,838▼ $2,950
Total Liabilities and Net Assets / Fund Balance$113,267$132,840▲ $19,573
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Liane VenturaExecutive DirectorFT$108,461$108,461

Board Members and Trustees

NameTitle
Felipe BasultoChairman
Barry E JohnsonPresident/ CEO
Carlos OrtaVice Chairman
Anne FreedmanMember
Arthur NoriegaMember
Ashaki Bronson-MarcellusMember
Christie D GraysMember
Kieth FletcherMember
William C DiazMember
Albert LopezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$180,425
Program Service Revenue
$0
Investment Income
$13
Other Revenue
$5,494
All Other Contributions
$180,425
Change in Net Assets
$-2,950
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$180,857
Grants and Similar Amounts Paid$8,025
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$108,626--$108,626
Other Expenses$24,060--$24,060
Fees for Services Other$19,904$0$0$19,904
Advertising$15,950--$15,950
Grants to Domestic Individuals$8,025--$8,025
Total Functional Expenses$188,882$0$0$188,882
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 12C

“The conflict of interest is signed off annually and enforced by ensuring the person does not participate in the decision making if there is a conflict of interest.”

Form 990, Part VI, Section C, Line 19

“Governing documents such as by laws are available in the organization's annual member handbook. Conflict of interest policy and financial statements are available to the public upon request.”

Form 990, Part VI, Section A, Line 11

“Form 990 is prepared by an independent accountant and submitted to the organization's controller for review. after the organization's controller is satisfied with the tax return, it is returned to the independent accountant for any final adjustments at which time the tax return is filed.”

Filing and Contact Details

Filer

Filer Name
South Florida Progress Foundation Inc
EIN
59-6216592
In Care Of
% MARIE TOROSSIAN
Address
1601 Biscayne Blvd Ballroom Level, Miami, FL 33132

Signing Officer

Name
Felipe Basulto
Title
Chairman
Phone
3053507700
Signed
2016-03-15
Discuss with paid preparer
Yes

Organization Details

Formed
1968
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
10
Employees
1
Volunteers
10

Preparer

Firm
Berkowitz Pollack Brant Llp
Address
200 S BISCAYNE BLVD SIXTH FLOOR, MIAMI, FL 33131
Preparer
Adam Cohen CPA
Phone
3053797000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

“The organization's finance committee has oversight over the audit performed by an independent accountant, who presents financial statements to the committee on pre and post audit basis. This process has not changed from the prior year.”

Form 990, Part IX, Line 11G

“Professional Service expenses $19,904”

Form 990 Part IX Line 24 - Other Expenses

“Description:base rent total expenses:19183 program services:19183”

Form 990 Part IX Line 24 - Other Expenses

“Description:miscellaneous total expenses:82471 program services:82471”

Form 990 Part IX Line 24 - Other Expenses

“Description:food & beverage total expenses:6972 program services:6972”

Financial Statement Notes

Schedule D, Part X, Line 2

“The Organization accounts for uncertainty in income taxes in accordance with GAAP, which requires recognition in the consolidated financial statements of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the consolidated financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The Organization had no material unrecognized tax benefits and no adjustments to its consolidated financial position, activities or cash flows were required as of June 30, 2015 and 2014. The Organization does not expect that unrecognized tax benefits will increase within the next twelve months. The Organization's tax returns for the years ended June 30, 2012 through 2014 remain subject to examination by major tax jurisdictions. The Organization recognizes accrued interest and penalties, if any, related to uncertain tax positions as income tax expense.”

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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE FOUNDATION WORKS TO LEVERAGE ITS RELATIONSHIP WITH SOUTH FLORIDA PROFESSIONALS AND CIVIC LEADERS TO IDENTIFY TOP ISSUES, PRIORITIZE THEM THROUGH CONSENSUS AND THEN DEVELOP AND IMPLEMENT SOLUTIONS THROUGH PROGRAMMATIC ACTIVITY, ALL FUNDED BY MEMBER DONATIONS, ENDOWMENTS AND GRANTS. THROUGH STRATEGIC PARTNERSHIPS WITH LOCAL ORGANIZATIONS COMMITTED TO THE BETTERMENT OF SOUTH FLORIDA, THE EFFECTIVENESS OF AND NEED FOR THE FOUNDATION'S VARIOUS INITIATIVES ARE REVIEWED AND PRIORITIZED ANNUALLY. THESE INITIATIVES INCLUDE: 1. SOUTH FLORIDA QUALITY OF LIFE ISSUES: O EDUCATION O TRANSPORTATION O EXPANSION AND ENHANCEMENT OF CULTURAL OFFERINGS O ENVIRONMENTAL ISSUES O HURRICANE PREPAREDNESS AND RECOVERY 2. DIVERSITY ISSUES 3. COLLEGE SCHOLARSHIPS FOR STUDENTS INTERESTED IN PURSING CAREERS IN BUSINESS, LAW OR GOVERNMENT
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt096838
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc1REGISTRATION FEE
IRS990/OtherExpensesGrp/Desc2BANK & CREDIT CARD FEE
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt010494
IRS990/OtherExpensesGrp/ProgramServicesAmt1195
IRS990/OtherExpensesGrp/ProgramServicesAmt21628
IRS990/OtherExpensesGrp/ProgramServicesAmt324060
IRS990/OtherExpensesGrp/TotalAmt010494
IRS990/OtherExpensesGrp/TotalAmt1195
IRS990/OtherExpensesGrp/TotalAmt21628
IRS990/OtherExpensesGrp/TotalAmt324060
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IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0541900
IRS990/OtherRevenueMiscGrp/Desc0ADMINISTRATIVE REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05494
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05494
IRS990/OtherRevenueTotalAmt05494
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Education Incentives/Top 100 Fund - Fund set up for varied programming that serves to educate the business community about social and economic issues and advances issues that pertain to Miami's diverse population.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt015000
IRS990/ProgSrvcAccomActy3Grp/Desc0Youth Leadership Miami Fund - Fund for programming associated with teaching, training and advancing leadership skills of Miami's high school-aged youth.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt015000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0UNRESTRICTED FUND
IRS990/ProgSrvcAccomActyOtherGrp/Desc1JEANNE BELLAMY FUND
IRS990/ProgSrvcAccomActyOtherGrp/Desc2BUSINESS INNOVATION FUND
IRS990/ProgSrvcAccomActyOtherGrp/Desc3OTHER FUND
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt017615
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt12641
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt2500
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt37502
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0127803
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt09750
IRS990/PYInvestmentIncomeAmt012
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0141238
IRS990/PYOtherRevenueAmt03417
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-19756
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0150988
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0131232
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-2950
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0180425
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0127803
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0286080
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0271938
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0247725
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01113971
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt013
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0149
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0155
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0340
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.72738
IRS990ScheduleA/PublicSupportPY170Pct00.69814
IRS990ScheduleA/PublicSupportTotal170Amt0810526
IRS990ScheduleA/SubstantialContributorsTotAmt0303445
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0180425
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0127803
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0286080
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0271938
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0247725
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01113971
IRS990ScheduleA/TotalSupportAmt01114311
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization accounts for uncertainty in income taxes in accordance with GAAP, which requires recognition in the consolidated financial statements of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the consolidated financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The Organization had no material unrecognized tax benefits and no adjustments to its consolidated financial position, activities or cash flows were required as of June 30, 2015 and 2014. The Organization does not expect that unrecognized tax benefits will increase within the next twelve months. The Organization's tax returns for the years ended June 30, 2012 through 2014 remain subject to examination by major tax jurisdictions. The Organization recognizes accrued interest and penalties, if any, related to uncertain tax positions as income tax expense.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt02500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt13025
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt22500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Jeanne Bellamy Scholarship
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Leadership Miami General Fund Scholarship
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2Youth Leadership Miami Schlorships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0N/a
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1FMV
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IRS990/ScheduleJRequiredInd0true

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$132,840
Liabilities
$36,002
Net assets
$96,838
Revenue
$185,932
Expenses
$188,882
Net income
-$2,950
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.58$0.04$1.53$2.09$2.13$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.22$0.64$1.58$2.90$2.65$0.25
2022Detailed filing. Detailed filing data is available for this year.$1.87$0.54$1.33$2.20$2.03$0.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.26$1.16$1.62$1.86$0.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$0.07$1.40$1.47$0.82$0.64
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.52$0.76$0.75$3.11$3.29$0.18
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.01$0.93$2.22$2.23$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$0.45$0.95$1.86$2.04$0.19
2016Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$2.31$2.15$0.17
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.36$0.97$1.86$1.89$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.13$0.13$1.00$1.31$1.51$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.03$1.20$2.58
2012Summary only. Only limited summary data is available for this year.$1.24$0.39$0.85$2.83$2.74$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.00$0.75$2.48