Liabilities / Assets
37th percentile
Higher debt load relative to assets than 37% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.03x
Liabilities / Revenue
50th percentile
Higher debt load relative to revenue than 50% of similar nonprofits.
Net Margin
4th percentile
Higher net margin than 4% of similar nonprofits.
Top Officer Pay
79th percentile
Higher top officer pay than 79% of similar nonprofits.
Top officer pay equals 34.6% of source-year revenue.
Asset Growth
6th percentile
Faster asset growth than 6% of similar nonprofits.
Revenue Growth
2nd percentile
Faster revenue growth than 2% of similar nonprofits.
Balance Sheet
Assets
Down$1,080,950
Down $276,501 (-20%) from 2018
Net Assets
Down$1,048,553
Down $296,498 (-22%) from 2018
Liabilities
Up$32,397
Up $19,997 (+161%) from 2018
Revenue And Expenses
Revenue
Down$375,605
Down $1,301,856 (-78%) from 2018
Expenses
Up$672,103
Up $302,648 (+82%) from 2018
Net Income
Down-$296,498
Down $1,604,504 (-123%) from 2018
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2019 to Dec 31, 2019
- Signed
- Nov 15, 2020
- Return Version
- 2019v5.0
- Gross Receipts
- $375,605
Mission and Program Overview
Mission
To bridge systemic gaps in access, opportunity, and racial equity by scaling innovation and technology solutions to them.
Venture Cafe' Miami's mission is to connect innovators to make things happen. The Organization helps innovators by enhancing and accelerating the growth of innovation in Miami through high-impact programming and events and by creating intentional spaces for entrepreneurial individuals and organizations to gather, connect, and build relationships.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $421,316 | $618,688 | ▲ $197,372 |
| Pledges and Grants Receivable | $930,855 | $453,000 | ▼ $477,855 |
| Land, Buildings, and Equipment, Net | $1,010 | $4,915 | ▲ $3,905 |
| Prepaid Expenses and Deferred Charges | $4,270 | $4,347 | ▲ $77 |
| Savings and Temporary Cash Investments | - | $0 | - |
| Accounts Receivable | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Investments in Publicly Traded Securities | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Total Assets | $1,357,451 | $1,080,950 | ▼ $276,501 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $12,400 | $32,397 | ▲ $19,997 |
| Total Liabilities | $12,400 | $32,397 | ▲ $19,997 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $709,008 | $652,277 | ▼ $56,731 |
| Net Assets With Donor Restrictions | $636,043 | $396,276 | ▼ $239,767 |
| Total Net Assets Fund Balance | $1,345,051 | $1,048,553 | ▼ $296,498 |
| Total Liabilities and Net Assets / Fund Balance | $1,357,451 | $1,080,950 | ▼ $276,501 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $4,915 | $1,441 | $6,356 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Leigh-Ann Buchanan | Executive Director | FT | $130,000 | $130,000 |
Board Members and Trustees
| Name | Title |
|---|---|
| Monique Hayes | Chairman |
| Lucas Hernandez | Director |
| Pilar Guzman-Zavala | Director |
| Travis Sheridan | Director |
| Uhriel Bedoya | Director |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $375,605
- Program Service Revenue
- $0
- Investment Income
- $0
- Other Revenue
- $0
- All Other Contributions
- $375,605
- Change in Net Assets
- $-296,498
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $386,123 |
| Other Expenses | $285,980 |
| Total Fundraising Expense | $3,608 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $183,626 | $574 | $339 | $184,539 |
| Current Officers, Directors, Trustees, and Key Employees | $114,400 | $13,000 | $2,600 | $130,000 |
| Other Employee Benefits | $44,989 | $2,049 | $444 | $47,482 |
| Payments to Affiliates | - | $45,001 | - | $45,001 |
| Fees for Services Other | $11,000 | $17,313 | - | $28,313 |
| Payroll Taxes | $22,837 | $1,040 | $225 | $24,102 |
| Fees for Services Accounting | - | $20,834 | - | $20,834 |
| Travel | $17,840 | $1,445 | - | $19,285 |
| Information Technology | $8,517 | $7,002 | - | $15,519 |
| Office Expenses | $4,093 | $1,764 | - | $5,857 |
| Insurance | - | $5,719 | - | $5,719 |
| All Other Expenses | $3,570 | - | - | $3,570 |
| Other Expenses | $140 | $1,701 | - | $1,841 |
| Depreciation Depletion | $1,028 | $354 | - | $1,382 |
| Total Functional Expenses | $530,519 | $137,976 | $3,608 | $672,103 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- 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, Part VI, Line 11B: Form 990 Review Process
“Draft of form 990 was distributed via email with a comment period available before filing”
Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts
“Quarterly conflict of interest policy review and disclosure solicitiations are circulated to the above referenced parties for completion.”
Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management
“1 The board convenes an independent compensation subcommittee, not including the person receiving the compensation to conduct a comparability review comprised of an evaluation of comparable salary and benefits data, including but not limited to such as data available from salary and benefit surveys, to learn what nonprofit employers with similar missions, and of a similar budget size, that are located in the same, or a similar geographic region, pay their senior leaders. 2 the board compensation committee documents who was involved, confirms the respective independence of each member thereof, the process used to conduct the review, as well as the disposition of the full board's decision to approve the executive director's compensation. 3 Said documentation demonstrates that the board took the comparable data into consideration when it approved the compensation.”
Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees
“1The board convenes an independent compensation subcommittee, not including the person receiving the compensation to conduct a comparability review comprised of an evaluation of comparable salary and benefits data, including but not limited to such as data available from salary and benefit surveys, to learn what nonprofit employers with similar missions, and of a similar budget size, that are located in the same, or a similar geographic region, pay their senior leaders. 2 the board compensation committee documents who was involved, confirms the respective independence of each member thereof, the process used to conduct the review, as well as the disposition of the full board's decision to approve the executive director's compensation. 3 Said documentation demonstrates that the board took the comparable data into consideration when it approved the compensation.”
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
“Upon request”
Filing and Contact Details
Filer
- Filer Name
- Venture Cafe Mia Inc
- EIN
- 81-4117606
- Phone
- 3059816875
- Address
- 1951 NW 7th Ave, Miami, FL 33136
Signing Officer
- Name
- Leigh-Ann Buchanan
- Title
- Executive Director
- Signed
- 2020-11-15
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Leigh-Ann Buchanan
- Formed
- 2016
- Legal Domicile
- Fl
- Voting Board Members
- 5
- Independent Board Members
- 5
- Employees
- 7
- Volunteers
- 55
Preparer
- Firm
- Alw Accounting & Consulting LLC
- Address
- 325 Almeria Avenue Suite A, Coral Gables, FL 33134
- Preparer
- Amanda L Waters
- Phone
- 3052989879
Raw XML Appendix399 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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| IRS990/OtherExpensesGrp/TotalAmt | 1 | 49206 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 4580 |
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| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt | 0 | 45001 |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 45001 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 225 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 1040 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 22837 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 24102 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 0 |
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| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 453000 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
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| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 4347 |
| IRS990/PrincipalOfficerNm | 0 | Leigh-Ann Buchanan |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Office Hours, Captains of Innovation, Overtown Connect and other programs - The Organization curated free one-on-one advisory or coaching sessions for aspiring and existing entrepreneurs to receive advice from experienced business professionals, entrepreneurs and investors in business growth areas such as financial, commercialization, investment readiness, marketing and user acquisition. The Organization facilitates opportunities and connected corporations and innovators as well as special programs and initiatives related to entrepreneurial ecosystem development, including Overtown Connect is a neighborhood based entrepreneurial support initiative. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 197705 |
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| IRS990/PYExcessBenefitTransInd | 0 | false |
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| IRS990/QuidProQuoContributionsInd | 0 | false |
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| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
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| IRS990/ScheduleBRequiredInd | 0 | true |
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| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 4915 |
| IRS990/ScheduleJRequiredInd | 0 | false |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Draft of form 990 was distributed via email with a comment period available before filing |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Quarterly conflict of interest policy review and disclosure solicitiations are circulated to the above referenced parties for completion. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 1 The board convenes an independent compensation subcommittee, not including the person receiving the compensation to conduct a comparability review comprised of an evaluation of comparable salary and benefits data, including but not limited to such as data available from salary and benefit surveys, to learn what nonprofit employers with similar missions, and of a similar budget size, that are located in the same, or a similar geographic region, pay their senior leaders. 2 the board compensation committee documents who was involved, confirms the respective independence of each member thereof, the process used to conduct the review, as well as the disposition of the full board's decision to approve the executive director's compensation. 3 Said documentation demonstrates that the board took the comparable data into consideration when it approved the compensation. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 1The board convenes an independent compensation subcommittee, not including the person receiving the compensation to conduct a comparability review comprised of an evaluation of comparable salary and benefits data, including but not limited to such as data available from salary and benefit surveys, to learn what nonprofit employers with similar missions, and of a similar budget size, that are located in the same, or a similar geographic region, pay their senior leaders. 2 the board compensation committee documents who was involved, confirms the respective independence of each member thereof, the process used to conduct the review, as well as the disposition of the full board's decision to approve the executive director's compensation. 3 Said documentation demonstrates that the board took the comparable data into consideration when it approved the compensation. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Upon request |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 11b: Form 990 Review Process |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | FL |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
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| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
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| IRS990/TotalAssetsEOYAmt | 0 | 1080950 |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1080950 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 375605 |
| IRS990/TotalEmployeeCnt | 0 | 7 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 3608 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 137976 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 530519 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 672103 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 12400 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 32397 |
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| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 32397 |
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| IRS990/TotalVolunteersCnt | 0 | 55 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1080950 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 1445 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 17840 |
| IRS990/TravelGrp/TotalAmt | 0 | 19285 |
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| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 1951 NW 7th Ave 600 |
| IRS990/USAddress/CityNm | 0 | Miami |
| IRS990/USAddress/StateAbbreviationCd | 0 | FL |
| IRS990/USAddress/ZIPCd | 0 | 33136 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
| IRS990/VotingMembersIndependentCnt | 0 | 5 |
| IRS990/WebsiteAddressTxt | 0 | https://venturecafemiami.org |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2021-01-29 14:40:06Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Leigh-Ann Buchanan |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Executive Director |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | VENTURE CAFE MIA INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | VENT |
| ReturnHeader/Filer/EIN | 0 | 814117606 |
| ReturnHeader/Filer/PhoneNum | 0 | 3059816875 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1951 NW 7th Ave |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Miami |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 33136 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 812357508 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | ALW ACCOUNTING & CONSULTING LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 325 Almeria Avenue Suite A |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Coral Gables |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 33134 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3052989879 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Amanda L Waters |
| ReturnHeader/ReturnTs | 0 | 2020-11-15T17:35:21-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-12-31 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $1,080,950
- Liabilities
- $32,397
- Net assets
- $1,048,553
- Revenue
- $375,605
- Expenses
- $672,103
- Net income
- -$296,498