Mdglcc Foundation Inc
- Assets
- $52.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 08/2009
- Data as of
- 12/2021
- EIN
- 26-2291157
Organization Overview
Mdglcc Foundation Inc is located in Miami Beach, FL. The organization was established in 2009. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mdglcc Foundation 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 12/2021, Mdglcc Foundation Inc generated $81.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $84.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PRIMARY EXEMPT PURPOSE - THE MDGLCC FOUNDATION EXISTSTO SUPPORT THE EDUCATION, TRAVEL AND TOURISM OUTREACHEFFORTS OF THE MIAMI-DADE GAY & LESBIAN CHAMBER OF COMMERCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven N Adkins President | 20 | $0 | |
Jorge Richa Secretary | 20 | $0 | |
George D Neary Director | 0 | $0 | |
Marty Davis Director | 0 | $0 | |
Cindy Brown Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,250 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $36,500 |
| Total Revenue | $81,750 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,800 |
| Professional fees and other payments to independent contractors | $1,500 |
| Occupancy, rent, utilities, and maintenance | $34,496 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $40,515 |
| Total expenses | $84,311 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,523 |
| Other assets | $0 |
| Total assets | $52,531 |
| Total liabilities | $32,165 |
| Net assets or fund balances | $20,366 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mdglcc Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Toolbank Usa Inc Atlanta, GA | $1,496,142 | $1,196,264 |
Main Street Alabama Birmingham, AL | $445,017 | $593,439 |
Revolt Ministries Panama City, FL | $267,835 | $264,997 |
1edtech Foundation Lake Mary, FL | $161,617 | $142,500 |
Mdglcc Foundation Inc Miami Beach, FL | $52,531 | $0 |
Consider The Lilies Thrift Shop Inc High Springs, FL | $28,314 | $0 |
Colombian Volunteer Ladies Of Tampa Bay Inc Tampa, FL | $10,847 | $0 |
Brown Riverfront Esplanade Foundation Inc Ormond Beach, FL | $20,194,910 | $19,378,162 |
Others Of Northwest Florida Inc Destin, FL | $0 | $12,951 |
Gathering Book Of Acts Ministry Cooper City, FL | $26,481 | $0 |
Gifted Global Inc Senoia, GA | $43,395 | $0 |
Edgewater Expo Inc Edgewater, FL | $10,748 | $0 |