Civic Intelligence

South Florida Progress Foundation Inc.

990 • Fiscal year 2019 • EIN 59-6216592

Jul 01, 2018 to Jun 30, 2019 • Filed on May 10, 2020

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

90th percentile

0.50x

Higher debt load relative to assets than 90% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

89th percentile

0.25x

Higher debt load relative to revenue than 89% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

29th percentile

-5.8%

Higher net margin than 29% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

86th percentile

60%

Faster asset growth than 86% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

83rd percentile

40%

Faster revenue growth than 83% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$151,557

Up $56,978 (+60%) from 2018

Net Assets

Down

$75,176

Down $18,203 (-19%) from 2018

Liabilities

Up

$76,381

Up $75,181 (+6265%) from 2018

Revenue

Up

$311,284

Up $89,535 (+40%) from 2018

Expenses

Up

$329,487

Up $106,294 (+48%) from 2018

Net Income

Down

-$18,203

Down $16,759 (-1161%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$151,557
Liabilities$76,381
Net Assets$75,176

Operations Trend

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

2019

Revenue$311,284
Expenses$329,487
Net Income-$18,203
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 10, 2020
Return Version
2018v3.3
Gross Receipts
$311,284
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$88,413$88,170▼ $243
Accounts Receivable$5,333$55,741▲ $50,408
Land, Buildings, and Equipment, Net$833$7,646▲ $6,813
Savings and Temporary Cash Investments$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
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$94,579$151,557▲ $56,978
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,200$76,381▲ $75,181
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$1,200$76,381▲ $75,181
Net Assets / Fund Balance
Unrestricted Net Assets$93,379$75,176▼ $18,203
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$93,379$75,176▼ $18,203
Total Liabilities and Net Assets / Fund Balance$94,579$151,557▲ $56,978

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,646$6,349$13,995
Compensation and Service Providers

Board Members and Trustees

NameTitle
Raquel EqusquizaChairman
Art NoriegaVice Chairman
Liane VenturaExecutive Director
Dennis CoralMember
Felipe BasultoMember
William C Diaz-RousselotMember
Ashaki Bronson MarcellusSecretary
Albert LopezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$293,968
Program Service Revenue
$0
Investment Income
$10
Other Revenue
$17,306
All Other Contributions
$293,968
Change in Net Assets
$-18,203
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$325,112
Grants and Similar Amounts Paid$4,375
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$258,596--$258,596
Fees for Services Other$23,294--$23,294
Grants to Domestic Individuals$4,375--$4,375
Other Expenses$3,489--$3,489
Depreciation Depletion$2,183--$2,183
Advertising$1,150--$1,150
Total Functional Expenses$329,487$0$0$329,487
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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.

Form 990, Part VI Line 1B

Three officers are compensated and thus independent.

Filing and Contact Details

Filer

Filer Name
South Florida Progress Foundation Inc
EIN
59-6216592
In Care Of
% KARAN RUKRIGL
Phone
3053507700
Address
1601 Biscayne Blvd Ballroom Level, Miami, FL 33132

Signing Officer

Name
Liane Ventura
Title
Executive Director
Phone
3053507700
Signed
2020-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Liane Ventura
Formed
1968
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
7
Employees
1
Volunteers
10

Preparer

Firm
Berkowitz Pollack Brant
Address
200 S BISCAYNE BLVD 7th FL, 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 24 - Other Expenses

Description:food & beverage total expenses:5636 program services:5636

Form 990 Part IX Line 24 - Other Expenses

Description:miscellaneous total expenses:3700 program services:3700

Form 990 Part IX Line 24 - Other Expenses

Description:defense alliance program total expenses:249260 program services:249260

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, 2019 and 2018. 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, 2016 through 2018 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/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
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt093379
IRS990/NetAssetsOrFundBalancesEOYAmt075176
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE FEE
IRS990/OtherExpensesGrp/Desc1REGISTRATION FEE
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3BANK & CREDIT CARD FEE
IRS990/OtherExpensesGrp/ProgramServicesAmt012734
IRS990/OtherExpensesGrp/ProgramServicesAmt11853
IRS990/OtherExpensesGrp/ProgramServicesAmt221813
IRS990/OtherExpensesGrp/ProgramServicesAmt33489
IRS990/OtherExpensesGrp/TotalAmt012734
IRS990/OtherExpensesGrp/TotalAmt11853
IRS990/OtherExpensesGrp/TotalAmt221813
IRS990/OtherExpensesGrp/TotalAmt33489
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0541900
IRS990/OtherRevenueMiscGrp/Desc0ADMINISTRATIVE REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt017306
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt017306
IRS990/OtherRevenueTotalAmt017306
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Liane Ventura
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Defense Alliance - Will leverage the strong relationships and the successes that the GMCCs Military Affairs Committee and the Miami-Dade Countys Military Affairs Board have achieved as being long-standing advocates for military presence, readiness, capability and growth in South Florida. Most importantly, it will work in concert with the many organizations throughout the county already supporting our precious military installations, commands, service-members and their families.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0130893
IRS990/ProgSrvcAccomActy3Grp/Desc0Unrestricted Fund - Supports high quality education for all. This includes development of talent and retention of talent in South Florida. The Committee seeks to build relationships with professionals and businesses in order to advocate, and seek funding for education causes, as well as seeking to implement these causes to benefit the economic development of our ever-evolving community.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt098275
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0202081
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt029525
IRS990/PYInvestmentIncomeAmt012
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0193668
IRS990/PYOtherRevenueAmt019656
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1444
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0223193
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0221749
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-18203
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0293968
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0202081
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0132301
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0225044
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0180425
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01033819
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt013
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt058
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.84544
IRS990ScheduleA/PublicSupportPY170Pct00.48727
IRS990ScheduleA/PublicSupportTotal170Amt0874081
IRS990ScheduleA/SubstantialContributorsTotAmt0159738
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0293968
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0202081
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0132301
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0225044
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0180425
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01033819
IRS990ScheduleA/TotalSupportAmt01033877
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/EquipmentGrp/BookValueAmt07646
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06349
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013995
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, 2019 and 2018. 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, 2016 through 2018 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/TotalBookValueLandBuildingsAmt07646
IRS990ScheduleD/TotalLiabilityAmt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Three officers are compensated and thus independent.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:FOOD & BEVERAGE TOTAL EXPENSES:5636 PROGRAM SERVICES:5636
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:MISCELLANEOUS TOTAL EXPENSES:3700 PROGRAM SERVICES:3700
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:DEFENSE ALLIANCE PROGRAM TOTAL EXPENSES:249260 PROGRAM SERVICES:249260
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XI, Line 2c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI Line 1B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Greater Miami Chamber of Commerce Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Greater Miami Foreign Trade Zone Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0590358775
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1591707093
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL

Document Assets

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Filings

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
2019Detailed filing. Detailed filing data is available for this year.$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