Breakthrough Miami Inc
- Assets
- $3.3m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 118
- Location
- Miami, FL
- Founding
- 08/2008
- Data as of
- 09/2021
- EIN
- 26-2105534
Organization Overview
Breakthrough Miami Inc is located in Miami, FL. The organization was established in 2008. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 09/2021, Breakthrough Miami Inc employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breakthrough Miami Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Breakthrough Miami Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $3.1m during the year ending 09/2021. While expenses have increased by 4.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF BREAKTHROUGH MIAMI IS TO INSPIRE AND ENCOURAGE TALENTED, MOTIVATED MIDDLE SCHOOL STUDENTS TO ENTER AND THRIVE IN TOP COLLEGE PREPARATORY HIGH SCHOOL PROGRAMS AND GRADUATE FROM COLLEGE. THE PROGRAM IS EQUALLY FOCUSED ON PROMOTING CAREERS IN EDUCATION FOR THE OUTSTANDING HIGH SCHOOL AND COLLEGE STUDENTS WHO TEACH, TUTOR, AND MENTOR IN BREAKTHROUGH MIAMI'S SUMMER INSTITUTE AND SCHOOL YEAR PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BREAKTHROUGH MIAMI USES A UNIQUE "STUDENTS-TEACHING-STUDENTS" MODEL TO CREATE A RIGOROUS, VIBRANT LEARNING COMMUNITY, WHERE HIGHLY MOTIVATED, TRADITIONALLY UNDERREPRESENTED 5TH-12TH GRADE STUDENTS ARE SUPPORTED TO ACHIEVE POST-SECONDARY SUCCESS AND EMERGING LEADERS ARE INSPIRED TO BECOME THE NEXT GENERATION OF EDUCATORS AND ADVOCATES. COMMITTED TO LEVELING THE PLAYING FIELD, BREAKTHROUGH IS CLOSING THE OPPORTUNITY GAP, GENERATING SOCIAL MOBILITY, NURTURING SELF-ACTUALIZATION AND PROMOTING AN INCLUSIVE AND ENGAGED COMMUNITY. SELECT ACCOMPLISHMENTS INCLUDE: -BREAKTHROUGH MIAMI SERVES 1300 5TH-12TH GRADERS, 130 TEACHING FELLOWS AND 400 VOLUNTEERS ACROSS EIGHT SITES. -87% OF BREAKTHROUGH SCHOLARS REPORTED BREAKTHROUGH PROVIDED THEM OPPORTUNITIES TO CHALLENGE THEMSELVES AND 77% SAID BREAKTHROUGH HELPED THEM DEVELOP AS A LEADER. -95% OF TEACHING FELLOWS REPORTED THEY DEEPENED THEIR LEADERSHIP SKILLS. -83% REPORTED THEY WILL LIKELY PURSUE A CAREER INCLUDING WORK WITH OR ADVOCATING FOR YOUTH. -SUPPORTING SCHOLAR RETENTION AND ACADEMIC ADVANCEMENT, BREAKTHROUGH EXPANDED AMERICORPS FUNDING TO HIRE 24 SUCCESS COACHES TO LEAD ACADEMIC ADVISING, SOCIAL EMOTIONAL WELLNESS AND MENTORSHIP. -84% OF BREAKTHROUGH SCHOLARS (5TH-12TH GRADE) EARNED 3.0 GPA OR HIGHER -64% OF 8TH GRADE SCHOLARS ENROLLED IN ADVANCED MATH COURSES (ALGEBRA 1 OR HIGHER) -100% OF SENIORS IN THE CLASS OF 2022 GRADUATED ON TIME FROM HIGH SCHOOL, A99% ENROLLED IN COLLEGE. -82% OF SCHOLARS ENROLLED IMMEDIATELY IN FOUR-YEAR INSTITUTIONS. -AMONG OUR GRADUATES WE CELEBRATED 2 VALEDICTORIANS, 3 SILVER KNIGHT NOMINEES, 3 POSSE SCHOLARS, 1 QUESTBRIDGE SCHOLAR, 3 NYAH PROJECT SCHOLARS, 5 CARNIVAL SCHOLARSHIP AWARDEES. -NINETY-THREE PERCENT OF OUR CLASS OF '22 BREAKTHROUGH SCHOLARS ENROLLED IN ADVANCED COURSES DURING HIGH SCHOOL, 76% ENROLLED IN AP COURSES AND 59% TOOK DUAL ENROLLMENT COURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori-Ann Cox CEO | Officer | 40 | $180,000 |
Nicole Kaufman Glasgow Chief Philanthropy Officer | 40 | $145,000 | |
Jeffrey S Miller Chair | OfficerTrustee | 1 | $0 |
Michael Elkin Vice Chair | OfficerTrustee | 1 | $0 |
Regina Frazier Secretary | OfficerTrustee | 1 | $0 |
Barry S Gould CPA Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $212,578 |
| Related organizations | $0 |
| Government grants | $1,039,873 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,353,130 |
| Noncash contributions included in lines 1a–1f | $219,342 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,605,581 |
| Total Program Service Revenue | $0 |
| Investment income | $134 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,230 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,876,382 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $195,304 |
| Compensation of current officers, directors, key employees. | $195,304 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,413,618 |
| Pension plan accruals and contributions | $19,817 |
| Other employee benefits | $127,715 |
| Payroll taxes | $117,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,530 |
| Advertising and promotion | $14,784 |
| Office expenses | $63,323 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,385 |
| Travel | $191,197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $352 |
| Insurance | $22,516 |
| All other expenses | $42,232 |
| Total functional expenses | $3,119,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,202,951 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,101,592 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,809 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,833 |
| Total assets | $3,309,185 |
| Accounts payable and accrued expenses | $97,720 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $264,355 |
| Other liabilities | $0 |
| Total liabilities | $362,075 |
| Net assets without donor restrictions | $2,281,908 |
| Net assets with donor restrictions | $665,202 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,309,185 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Breakthrough Miami Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
James Deering Danielson Foundation Chicago, IL PURPOSE: EDUCATIONAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canterbury School Corporation Fort Myers, FL | $32,236,169 | $23,638,435 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
The Masters Academy Of Central Florida Inc Oviedo, FL | $26,482,967 | $18,246,673 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Saint Edwards School Vero Beach, FL | $54,149,022 | $17,250,987 |
Strong Rock Christian School Inc Locust Grove, GA | $18,179,980 | $18,285,975 |
Fellowship Christian School Inc Roswell, GA | $48,536,188 | $18,034,878 |
St Pauls Episcopal School Mobile, AL | $26,189,566 | $16,422,172 |
Dubois Integrity Academy Inc Riverdale, GA | $36,435,666 | $18,797,787 |
William Monroe Rowlett Academy For Arts And Communication Bradenton, FL | $11,754,381 | $15,312,169 |
Episcopal Day Private School Of Manatee County Inc Bradenton, FL | $25,876,327 | $15,435,458 |
St Francis Day School Inc Roswell, GA | $35,555,718 | $15,564,442 |