Civic Intelligence

Miami Edtech Inc.

990 • Fiscal year 2020 • EIN 83-0907475

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 12, 2021

1951 NW 7th Ave Ste 600Miami, FL 33136

(305) 523-9407

Siviq Scores

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

Liabilities / Assets

58th percentile

0.01x

Higher debt load relative to assets than 58% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

56th percentile

0.00x

Higher debt load relative to revenue than 56% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

75th percentile

26%

Higher net margin than 75% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

91st percentile

139%

Faster asset growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

96th percentile

150%

Faster revenue growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$138,570

Up $80,549 (+139%) from 2019

Net Assets

Up

$137,539

Up $87,051 (+172%) from 2019

Liabilities

Down

$1,031

Down $6,502 (-86%) from 2019

Revenue

Up

$336,180

Up $201,457 (+150%) from 2019

Expenses

Up

$249,129

Up $156,312 (+168%) from 2019

Net Income

Up

$87,051

Up $45,145 (+108%) from 2019

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2019: $58,021Liabilities 2019: $7,533Net Assets 2019: $50,4882019Assets 2020: $138,570Liabilities 2020: $1,031Net Assets 2020: $137,5392020Assets 2021: $162,749Liabilities 2021: $3,300Net Assets 2021: $159,4492021Assets 2022: $271,477Liabilities 2022: $16,664Net Assets 2022: $254,8132022Assets 2023: $154,936Liabilities 2023: $14,839Net Assets 2023: $140,0972023Assets 2024: $679,328Liabilities 2024: $15,003Net Assets 2024: $664,3252024

Highlighted filing

2020

Assets$138,570
Liabilities$1,031
Net Assets$137,539

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2019: $134,723Expenses 2019: $92,817Net Income 2019: $41,9062019Revenue 2020: $336,180Expenses 2020: $249,129Net Income 2020: $87,0512020Revenue 2021: $269,695Expenses 2021: $249,074Net Income 2021: $20,6212021Revenue 2022: $492,653Expenses 2022: $397,289Net Income 2022: $95,3642022Revenue 2023: $657,314Expenses 2023: $772,030Net Income 2023: -$114,7162023Revenue 2024: $1,479,428Expenses 2024: $955,200Net Income 2024: $524,2282024

Highlighted filing

2020

Revenue$336,180
Expenses$249,129
Net Income$87,051
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 12, 2021
Return Version
2020v4.0
Gross Receipts
$336,180
Mission and Program Overview

Mission

Miami EdTech(R) is an education technology non-profit on a mission to ignite the entrepreneurial spirit within today's educators. Substantiated by a flourishing teacher-tech-centric ecosystem and mutually beneficial cross-sector partnerships, Miami EdTech envisions a world where innovative technologies redefine education with real-world, scalable solutions. Leveraging bespoke programming - including Miami EdTech Accelerator, Social Innovation & Entrepreneurial Leadership 'S.I.E.L.' Incubator, and EdXpert powered by Microsoft - Miami EdTech and its partners work to address systemic challenges in education, provide a means for today's educators to turn their tech-enabled solutions into successful enterprises, and advance diversity, equity, and inclusion in computer science education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$21,365$114,120▲ $92,755
Land, Buildings, and Equipment, Net$32,600$24,450▼ $8,150
Receivables From Officers Etc$4,056--
Total Assets$58,021$138,570▲ $80,549
Liabilities
Accounts Payable and Accrued Expenses$7,533$1,031▼ $6,502
Total Liabilities$7,533$1,031▼ $6,502
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$50,488$137,539▲ $87,051
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$50,488$137,539▲ $87,051
Total Liabilities and Net Assets / Fund Balance$58,021$138,570▲ $80,549

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,450$16,300$40,750
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Juan Carlos VazquezPresident & CEOFT$105,056$105,056

Board Members and Trustees

NameTitle
Michael SheaBoard Chair
Alexis MabeDirector
EvanLeaphartDirector
Justin PinnDirector
LaCriscia FowlkesDirector
Miriam DorsettDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$48,955
Program Service Revenue
$287,225
Investment Income
$0
Other Revenue
$0
All Other Contributions
$48,955
Change in Net Assets
$87,051
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$141,283
Salaries, Compensation, and Employee Benefits$107,846
Total Fundraising Expense$11,122
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$78,556$17,000$9,500$105,056
Fees for Services Other$84,144$5,162$1,622$90,928
Office Expenses$11,676$6,532-$18,208
Depreciation Depletion-$8,150-$8,150
Other Expenses$0$7,500$0$7,500
Advertising$1,905$3,654-$5,559
Conferences and Meetings$4,948--$4,948
All Other Expenses$669$3,098-$3,767
Payroll Taxes$1,395$1,395-$2,790
Fees for Services Accounting-$1,305-$1,305
Travel-$492-$492
Interest-$312-$312
Occupancy-$107-$107
Insurance-$7-$7
Total Functional Expenses$183,293$54,714$11,122$249,129
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$4,056--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

990 Draft is provided to all Board members for review and comment prior to filing.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are made available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Miami Edtech Inc
EIN
83-0907475
Phone
3055239407
Address
1951 NW 7th Ave Ste 600, Miami, FL 33136

Signing Officer

Name
Carlos Vasquez
Title
President & CEO
Phone
3055239407
Signed
2021-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carlos Vasquez
Formed
2018
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
0

Preparer

Firm
Steven J Henriquez CPA LLC
Address
5825 Sunset Drive 201, Miami, FL 33143
Preparer
Steven Henriquez
Phone
3054236399
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Utilized contractors to provide teaching services as well as other management and fundraising services

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IRS990/Desc0In 2020, we were able to train and provide curriculum to 900 educators throughout Miami-Dade thereby addressing the Computer Science gap. We helped increase the number of certified computer science teachers by 140% and provided STEM educators with resources and content to further support their students.
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IRS990/MissionDesc0Miami EdTech(R) is an education technology non-profit on a mission to ignite the entrepreneurial spirit within today's educators. Substantiated by a flourishing teacher-tech-centric ecosystem and mutually beneficial cross-sector partnerships, Miami EdTech envisions a world where innovative technologies redefine education with real-world, scalable solutions. Leveraging bespoke programming - including Miami EdTech Accelerator, Social Innovation & Entrepreneurial Leadership 'S.I.E.L.' Incubator, and EdXpert powered by Microsoft - Miami EdTech and its partners work to address systemic challenges in education, provide a means for today's educators to turn their tech-enabled solutions into successful enterprises, and advance diversity, equity, and inclusion in computer science education.
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt049568
IRS990ScheduleA/SubstantialContributorsTotAmt0144128
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt048955
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0133673
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt011068
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0193696
IRS990ScheduleA/TotalSupportAmt0193696
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt00
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt024450
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016300
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt040750
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024450
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 Draft is provided to all Board members for review and comment prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing documents, conflict of interest policy, and financial statements are made available to the public upon written request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Utilized contractors to provide teaching services as well as other management and fundraising services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt058021
IRS990/TotalAssetsEOYAmt0138570
IRS990/TotalAssetsGrp/BOYAmt058021
IRS990/TotalAssetsGrp/EOYAmt0138570
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt048955
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt011122
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt054714
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0183293
IRS990/TotalFunctionalExpensesGrp/TotalAmt0249129
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07533
IRS990/TotalLiabilitiesEOYAmt01031
IRS990/TotalLiabilitiesGrp/BOYAmt07533
IRS990/TotalLiabilitiesGrp/EOYAmt01031
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt050488
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0137539
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0183293
IRS990/TotalProgramServiceRevenueAmt0287225
IRS990/TotalReportableCompFromOrgAmt0105056
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0287225
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0336180
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt058021

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