Miguel B Fernandez Fam Foundation Charitable Tr
- Assets
- $14.8m
- Revenue
- $194.7k
- Investments
- $14.7m
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 01/2004
- Data as of
- 12/2020
- EIN
- 59-7228125
Organization Overview
Miguel B Fernandez Fam Foundation Charitable Tr is located in Coral Gables, FL. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miguel B Fernandez Fam Foundation Charitable Tr 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, Miguel B Fernandez Fam Foundation Charitable Tr generated $194.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (43.0%) each year. All expenses for the organization totaled $4.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Miguel B Fernandez Fam Foundation Charitable Tr has awarded 190 individual grants totaling $27,367,237. 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 Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $140,329 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,790 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,162 |
| Total Revenue | $194,701 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,194 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52 |
| Total operating and administrative expenses | $45,028 |
| Contributions, gifts, grants paid | $4,378,219 |
| Total expenses and disbursements | $4,423,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $97,257 |
| 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 | $14,728,770 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,826,027 |
| 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 | $3,674 |
| Total liabilities | $3,674 |
Grants Awarded
Over the last fiscal year, Miguel B Fernandez Fam Foundation Charitable Tr has awarded $3,799,879 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
OVERTOWN YOUTH CENTER PURPOSE: TO SUPPORT THE CONSTRUCTION AND EXPANSION OF THE OVERTOWN YOUTH CENTER | $504,134 |
Miami, FL PURPOSE: CHARITABLE SUPPORT OF PROGRAMS AND SERVICES | $495,664 |
Miami, FL PURPOSE: CHARITABLE SUPPORT OF PROGRAMS AND SERVICES | $484,894 |
NICKLAUS CHILDREN'S PURPOSE: CONSTRUCTION OF THE M B FERNANDEZ TRAUMA CENTER | $247,220 |
Miami, FL PURPOSE: TO SUPPORT THE COLLEGE LEADERSHIP SERIES | $247,220 |
RANSOM EVERGLADES SCHOOL PURPOSE: CAMPUS IMPROVEMENTS | $230,499 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |
The Gary W Rollins Foundation Atlanta, GA | $72,624,629 | $27,015,806 |
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL | $0 | $7,841,898 |