Miami International Festival Inc
- Assets
- $0.0
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2016
- Data as of
- 12/2020
- EIN
- 47-3288758
Organization Overview
Miami International Festival Inc is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miami International Festival 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 12/2020, Miami International Festival Inc generated $5.0m in total revenue. All expenses for the organization totaled $5.0m during the year ending 12/2020. While expenses have increased by 85.1% 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.
Since 2019, Miami International Festival Inc has awarded 13 individual grants totaling $5,544,121. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE CULTURE IN SOUTH FLORIDA
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERLOCHEN CENTER FOR THE ARTS GRANT
GUITARS OVER GUNS
YWCA OF MIAMI DADE, INC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel R Lewis President | 10 | $0 | |
Gary L Wasserman Director | 5 | $0 | |
Bruce Clinton Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $330,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $137,311 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,497,497 |
| Capital Gain Net Income | $4,497,497 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,964,808 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $110,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,618 |
| Total operating and administrative expenses | $343,132 |
| Contributions, gifts, grants paid | $4,676,504 |
| Total expenses and disbursements | $5,019,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Miami International Festival Inc has awarded $4,676,504 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Miami, FL PURPOSE: CHARITABLE | $4,500,000 |
Miami, FL PURPOSE: CHARITABLE | $146,478 |
Miami, FL PURPOSE: CHARITABLE | $11,715 |
CAROL CITY MIDDLE SCHOOL PURPOSE: CHARITABLE | $10,000 |
New York, NY PURPOSE: CHARITABLE | $8,311 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Springboard Collaborative Philadelphia, PA | $12,671,655 | $22,795,961 |
Christs Home Warminster, PA | $89,380,042 | $18,912,760 |
Family And Childrens Association Garden City, NY | $18,906,082 | $21,671,282 |
Innocence Project Inc New York, NY | $73,728,840 | $39,853,614 |
The Access Agency Inc Willimantic, CT | $5,450,809 | $18,469,051 |
Agency For Community Empowerment Of Nepa Scranton, PA | $6,588,255 | $19,491,125 |
Ahavat Yisroel Humanity Inc Brooklyn, NY | $8,284,254 | $21,769,721 |
Family & Childrens Agency Inc Norwalk, CT | $7,156,227 | $18,049,898 |
Catholic Family & Community Services Clifton, NJ | $3,341,340 | $18,611,591 |
Dr Gertrude A Barber In Home Services Inc Erie, PA | $4,360,447 | $17,320,654 |
Ao North America Inc Wayne, PA | $10,460,064 | $15,724,733 |
Pro Action Of Steuben And Yates Inc Bath, NY | $5,623,306 | $16,689,499 |