Endeavor Miami Inc
- Assets
- $2.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Miami, FL
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-3605872
Organization Overview
Endeavor Miami Inc is located in Miami, FL. The organization was established in 2014. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Endeavor Miami Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Endeavor 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 12/2021, Endeavor Miami Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 9.6% per year over the past 7 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
ENDEAVOR MIAMI INC'S MISSION IS TO LEAD THE MOVEMENT TO CATALYZE LONG-TERM ECONOMIC GROWTH BY SELECTING, MENTORING, AND ACCELERATING THE BEST HIGH IMPACT ENTREPRENEURS IN THE SOUTH FLORIDA REGION. HIGH-IMPACT ENTREPRENEURS ARE INDIVIDUALS WHO SHOW TREMENDOUS ENTREPRENEURIAL AND LEADERSHIP POTENTIAL, CAN BUILD HIGH-GROWTH BUSINESSES WITH SIGNIFICANT JOB-CREATING OPPORTUNITIES AND EXHIBIT COMMITMENT TO THE DEVELOPMENT OF THEIR LOCAL COMMUNITY, WHICH BECOMES A KEY-DRIVER OF ECONOMIC GROWTH. ENDEAVOR WAS FOUNDED ON THE BELIEF THAT JOB CREATION, INNOVATION, AND OVERALL PROSPERITY FLOURISH WHERE THERE IS ROBUST SUPPORT FOR HIGH-IMPACT ENTREPRENEURS. ENDEAVOR MIAMI PROVIDES RESOURCES THAT ARE NOT OTHERWISE AVAILABLE IN ORDER TO SELECT HIGH-IMPACT ENTREPRENEURS, SO THAT THEY ARE ABLE TO SCALE THEIR BUSINESSES, INCREASE EMPLOYMENT OPPORTUNITIES AND PROVIDE A BASIS FOR SUSTAINED ECONOMIC GROWTH IN SOUTH FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021, ENDEAVOR MIAMI REVIEWED CLOSE TO 350 CANDIDATESENTREPRENEURS, COORDINATED MENTORS TO CONDUCT SECOND OPINION REVIEWS WITH 15 COMPANIES, PREPARED 5 COMPANIES WHICH PRESENTED AT LOCAL SELECTION PANELS, AND SUPPORTED 5 COMPANY TO PRESENT AT INTERNATIONAL SELECTION PANELS. THIS RESULTED IN 3 COMPANIES BEING SELECTED AS ENDEAVOR ENTREPRENEURS IN 2021.ENDEAVOR MIAMI SUPPORTED 20 ACTIVE COMPANIES, LED BY 37 ENDEAVOR ENTREPRENEURS. THESE ENTREPRENEURS GENERATED CLOSE TO $340 MILLION DOLLARS IN REVENUE, AND OVER 3,000 JOBS DURING 2021.ALSO, THROUGH OUR ACCELERATOR PROGRAMS, ENDEAVOR LAB AND SCALEUP, WE SUPPORTED 46 COMPANIES IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claudia Duran Managing Director | Officer | 40 | $243,000 |
Ernest Bachrach Co-Chairman | OfficerTrustee | 2.6 | $0 |
Andres Moreno Co-Chairman | OfficerTrustee | 2.3 | $0 |
Maurice R Ferre Director | Trustee | 0.4 | $0 |
Michael Simkins Director | Trustee | 0.3 | $0 |
Alberto Beeck Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,661,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,661,688 |
| Total Program Service Revenue | $0 |
| Investment income | $532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$49,005 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,752,588 |
| 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. | $243,000 |
| Compensation of current officers, directors, key employees. | $19,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $568,586 |
| Pension plan accruals and contributions | $10,112 |
| Other employee benefits | $60,639 |
| Payroll taxes | $51,009 |
| 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 | $28,272 |
| Advertising and promotion | $26,792 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,172 |
| Travel | $13,425 |
| 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 | $3,444 |
| All other expenses | $0 |
| Total functional expenses | $1,300,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,167,794 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $293,871 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,791 |
| Total assets | $2,466,456 |
| Accounts payable and accrued expenses | $31,943 |
| 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 | $0 |
| Total liabilities | $31,943 |
| Net assets without donor restrictions | $2,434,513 |
| 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 | $2,466,456 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Endeavor Miami Inc has recieved totaling $124,420.
| Awarding Organization | Amount |
|---|---|
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $85,000 |
Endeavor Global Inc New York, NY PURPOSE: SUPPORT ENTREPRENURSHIP IN REGION | $24,420 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Bay Park Conservancy Inc Sarasota, FL | $16,645,209 | $18,178,827 |
Florida Opportunity Fund Inc Orlando, FL | $119,810,322 | $8,334,220 |
Florida Community Loan Fund Orlando, FL | $108,210,727 | $7,672,092 |
Bac Funding Corporation Miami, FL | $17,927,247 | $4,831,785 |
Community And Economic Development Quincy, FL | $11,268,446 | $5,882,256 |
Broward County Community Development Corporation Inc Fort Lauderdale, FL | $8,205,586 | $4,659,433 |
Miami Beach Community Development Corporation Inc Miami Beach, FL | $28,003,490 | $2,129,125 |
Neighbors And Neighbors Association Inc Miami, FL | $2,936,211 | $3,300,045 |
Pasco Economic Development Council Inc Lutz, FL | $4,349,801 | $2,360,770 |
Sunshine State Economic Development Corp Clearwater, FL | $6,634,562 | $1,695,679 |
Small Business Assistance Corp Savannah, GA | $17,970,431 | $1,539,306 |
Endeavor Miami Inc Miami, FL | $2,466,456 | $1,752,588 |