Civic Intelligence

Grove Bay Foundation Inc

EIN 87-3957348 • 501(c)3 • Miami, FL

Profile

To promote hospitality education, as well as professional development.

2665 S Bayshore Dr 101Miami, FL 33133

grovebaygroup.com/grove-bay-foundation

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

52nd percentile

2.4%

Higher net margin than 52% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

81st percentile

29%

Faster asset growth than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

52nd percentile

0.0%

Faster revenue growth than 52% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$6,483

Up $1,439 (+29%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$6,483

Up $1,439 (+29%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin52nd percentile

Revenue

Flat

$60,000

Flat from 2023

Expenses

Up

$58,561

Up $500 (+0.9%) from 2023

Net Income

Down

$1,439

Down $500 (-26%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth81st percentile

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

$8.0K$6.0K$4.0K$2.0K$0Assets 2022: $3,105Liabilities 2022: $0Net Assets 2022: $3,1052022Assets 2023: $5,044Liabilities 2023: $0Net Assets 2023: $5,0442023Assets 2024: $6,483Liabilities 2024: $0Net Assets 2024: $6,4832024

Highlighted filing

2024

Assets$6,483
Liabilities$0
Net Assets$6,483
Open 2024 Filing

Operations Trend

Revenue Growth52nd percentile

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

$80K$60K$40K$20K$0Revenue 2022: $60,105Expenses 2022: $57,000Net Income 2022: $3,1052022Revenue 2023: $60,000Expenses 2023: $58,061Net Income 2023: $1,9392023Revenue 2024: $60,000Expenses 2024: $58,561Net Income 2024: $1,4392024

Highlighted filing

2024

Revenue$60,000
Expenses$58,561
Net Income$1,439
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,483
Liabilities
$0
Net assets
$6,483
Revenue
$60,000
Expenses
$58,561
Net income
$1,439
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.48$0.00$6.48$60.0$58.6$1.44
2023Detailed filing. Detailed filing data is available for this year.$5.04$0.00$5.04$60.0$58.1$1.94
2022Detailed filing. Detailed filing data is available for this year.$3.11$0.00$3.11$60.1$57.0$3.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 7, 2025
Return Version
2024v5.2
Gross Receipts
$60,000
Mission and Program Overview

Mission

To promote hospitality education, as well as professional development.

Program Services

DescriptionGrantsExpenses
Scholarships for students studying hospitality at Florida International University.$0$0
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eduardo GarciaPresidentPT$0--
Ignacio Garcia-MenocalDirectorPT$0--
Francesco BalliDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Grove Bay Foundation Inc
EIN
87-3957348
Phone
7868669854
Address
2665 S Bayshore Dr 101, Miami, FL 33133

Signing Officer

Name
Ignacio Garcia-Menocal
Title
Director
Phone
7868669854
Signed
2025-07-07
Discuss with paid preparer
Yes

Preparer

Firm
Paast Pl
Address
255 Alhambra Circle Suite 1100, Coral Gables, FL 33134
Preparer
Carlos Perez-Abreu
Phone
3055670150
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity Classification: Educational. Grantee Name: Florida Internationa University - Hospitality Grantee Name: Florida Internationa University - Hospitality. Grantee Relationship: None. Property Description: Scholarship. Date of Gift: 09/01/24. Amount Given: 57,500.”

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: Licenses, Fees & Permits. Amount: 61.”

Raw XML Appendix149 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Ignacio Garcia-Menocal
IRS990EZ/BooksInCareOfDetail/PhoneNum07868669854
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02665 S Bayshore Dr Suite 101
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Miami
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd033133
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IRS990EZ/ForeignFinancialAccountInd00
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IRS990EZ/GrantsAndSimilarAmountsPaidAmt057500
IRS990EZ/GrossReceiptsAmt060000
IRS990EZ/InfoInScheduleOPartIIIInd0X
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IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/NetAssetsOrFundBalancesEOYAmt06483
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt05044
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt06483
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Eduardo Garcia
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Ignacio Garcia-Menocal
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Francesco Balli
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt061
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0To promote hospitality education, as well as professional development.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Scholarships for students studying hospitality at Florida International University.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0FL
IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt058561
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt060000
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https://grovebaygroup.com/grove-bay-foundation/
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt060000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt060000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt060000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0180000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0100
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0100
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0180000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt060000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt060000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt060000
IRS990ScheduleA/Total509Grp/TotalAmt0180000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt060000
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt060105
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0180105
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Activity Classification: Educational. Grantee Name: Florida Internationa University - Hospitality Grantee Name: Florida Internationa University - Hospitality. Grantee Relationship: None. Property Description: Scholarship. Date of Gift: 09/01/24. Amount Given: 57,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Licenses, Fees & Permits. Amount: 61.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16 - Other Expenses
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Ignacio Garcia-Menocal
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum07868669854
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Grove Bay Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0GROV
ReturnHeader/Filer/EIN0873957348
ReturnHeader/Filer/PhoneNum07868669854
ReturnHeader/Filer/USAddress/AddressLine1Txt02665 S Bayshore Dr 101
ReturnHeader/Filer/USAddress/CityNm0Miami
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033133
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650942623
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PAAST PL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0255 Alhambra Circle Suite 1100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Coral Gables
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033134
ReturnHeader/PreparerPersonGrp/PhoneNum03055670150
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Carlos Perez-Abreu
ReturnHeader/ReturnTs02025-07-15T14:55:47-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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