Olympia Center Inc
- Assets
- $304.9k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Miami, FL
- Founding
- 12/2011
- Data as of
- 09/2021
- EIN
- 27-3687171
Organization Overview
Olympia Center Inc is located in Miami, FL. The organization was established in 2011. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Olympia Center Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olympia Center 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, Olympia Center Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $878.8k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (14.3%) per year over the past 6 years. 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 THE ORGANIZATION IS TO PRESERVE AND PROMOTE THE OLYMPIA CENTER THEATER AND OFFICE BUILDING AS A DYNAMIC, DOWNTOWN CULTURAL INSTITUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE AND PROMOTE THE OLYMPIA CENTER THEATER AND OFFICE BUILDING AS A DYNAMIC, DOWNTOWN CULTURAL INSTITUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Geitner Executive Di | Officer | 40 | $50,000 |
Ralph G Patino Chairman | OfficerTrustee | $0 | |
Carlos Trueba Treasurer | OfficerTrustee | $0 | |
Albert Rodriguez Director | Trustee | $0 | |
Sergio Rok Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $356,202 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,490 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $392,692 |
| Total Program Service Revenue | $559,313 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $236,139 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,191,186 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,438 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,449 |
| Payroll taxes | $31,889 |
| Fees for services: Management | $25,569 |
| 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 | $0 |
| Advertising and promotion | $13,068 |
| Office expenses | $27,472 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,045 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $93,268 |
| All other expenses | $9,572 |
| Total functional expenses | $878,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,305 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $91,161 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,454 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $304,920 |
| Accounts payable and accrued expenses | $78,118 |
| 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 | $0 |
| Other liabilities | $199,848 |
| Total liabilities | $277,966 |
| Net assets without donor restrictions | $26,954 |
| Net assets with donor restrictions | $0 |
| 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 | $304,920 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Olympia Center Inc has recieved totaling $47,500.
| Awarding Organization | Amount |
|---|---|
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $47,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Opportunity Alabama Inc Birmingham, AL | $476,898 | $802,784 |
Olympia Center Inc Miami, FL | $304,920 | $1,191,186 |
Mid-South Resource Conservation And Development Council Inc Montgomery, AL | $756,293 | $878,672 |
Jacksonville Fraternal Order Of Police Foundation Inc Jacksonville, FL | $375,519 | $224,137 |
Yah-Yah Girls Inc Punta Gorda, FL | $180,036 | $218,438 |
Hoover Helps Hoover, AL | $125,587 | $165,616 |
One Spark Inc Jacksonville, FL | $0 | $0 |
Advance Dekalb Inc Decatur, GA | $567,062 | $234,100 |
Fernandina Beach Main Street Foundation Inc Fernandina Beach, FL | $138,769 | $0 |
Babcock Ranch Foundation Inc Palm Beach Gardens, FL | $1,251,733 | $258,880 |
The Rotary Club Of Miami Florida Foundation Inc Miami, FL | $875,186 | $67,841 |
Lucas Magazine Community Foundation Inc New Port Richey, FL | $4,326 | $0 |