Catalyst Miami Inc
- Assets
- $6.3m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 35
- Location
- Miami, FL
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 65-0690368
Organization Overview
Catalyst Miami Inc, operating under the name Dba Catalyst Miami Inc, is located in Miami, FL. The organization was established in 1997. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Dba Catalyst Miami Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dba Catalyst 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, Dba Catalyst Miami Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 6.4% 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.
Since 2015, Dba Catalyst Miami Inc has awarded 44 individual grants totaling $1,162,991. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO IDENTIFY AND COLLECTIVELY SOLVE ISSUES ADVERSELY AFFECTING LOW-WEALTH COMMUNITIES THROUGHOUT MIAMI-DADE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROSPERITY CAMPAIGN AND WEALTH-BUILDING PROGRAMS: HEALTH INSURANCE AND INCOME SUPPORT NAVIGATION,FINANCIAL COACHING AND FINANCIAL PRODUCTS, AND FREE TAX PREPARATION IN SUPPORT OF ECONOMIC MOBILITY FOR LOW INCOME INDIVIDUALS AND FAMILIES. COMMUNITY-WIDE WEALTH- BUILDING PROGRAMS INCLUDE A UNIVERSAL SAVINGS PROGRAM FOR YOUNG CHILDREN AS WELL AS SUPPORT, TRAINING AND TECHNICAL ASSISTANCE FOR SMALL BUSINESSES AND WORKER COOPERATIVES.
POLICY & ENGAGEMENT: BUILD SOCIAL COHESION AND CIVIC PARTICIPATION TO SOLVE CRITICAL COMMUNITY ISSUES BY ORGANIZING AND MOBILIZING WITH OUR PARTNER NETWORKS AND RESIDENTS. TRAIN AND ENGAGE RESIDENTS IN ALL LEVELS OF ADVOCACY AND GRASSROOTS LEADERSHIP, WHILE ALSO INCREASING COMMUNITIES' SOCIAL, POLITICAL, AND FINANCIAL CAPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gretchen Beesing CEO | Officer | 40 | $144,479 |
Brian Larson CFO | Officer | 40 | $100,434 |
Kristine Singer COO | Officer | 40 | $65,255 |
Nina Thompkins COO | Officer | 40 | $46,481 |
Damian D Daley ESQ Board Chair | Officer | 0.75 | $0 |
Mary Clare Casey Vice Chair | Officer | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $28,329 |
| Membership dues | $0 |
| Fundraising events | $98,086 |
| Related organizations | $0 |
| Government grants | $980,777 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,210,447 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,317,639 |
| Total Program Service Revenue | $43,806 |
| Investment income | $12,624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $5,374,874 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $218,370 |
| Grants and other assistance to domestic individuals. | $109,612 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $405,873 |
| Compensation of current officers, directors, key employees. | $259,013 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,369,944 |
| Pension plan accruals and contributions | $57,091 |
| Other employee benefits | $251,460 |
| Payroll taxes | $133,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $64,166 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $651,111 |
| Advertising and promotion | $3,163 |
| Office expenses | $140,668 |
| Information technology | $81,713 |
| Royalties | $0 |
| Occupancy | $124,329 |
| Travel | $4,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,217 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $778 |
| Insurance | $13,190 |
| All other expenses | $8,170 |
| Total functional expenses | $3,818,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,364 |
| Savings and temporary cash investments | $3,323,596 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,210,947 |
| 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 | $77,631 |
| Net Land, buildings, and equipment | $3,333 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $497,427 |
| Intangible assets | $0 |
| Other assets | $8,664 |
| Total assets | $6,303,962 |
| Accounts payable and accrued expenses | $196,071 |
| Grants payable | $0 |
| Deferred revenue | $59,500 |
| 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 | $28,543 |
| Total liabilities | $284,114 |
| Net assets without donor restrictions | $710,679 |
| Net assets with donor restrictions | $5,309,169 |
| 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 | $6,303,962 |
Grants Awarded
Over the last fiscal year, Catalyst Miami Inc has awarded $213,770 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Orlando, FL PURPOSE: EDU. MEDICAID EXPANS | $42,000 |
Washington, DC PURPOSE: RACIAL INEQUALITY ST | $28,000 |
FLORIDA HEALTH JUSTICE PROJECTFLORIDA HEALTH JUSTICE PROJET PURPOSE: ORAL HEALTH MEDICARE | $27,500 |
FLORIDA INTERNATIONAL UNIVERSITYFLORIDA INTERNATIONAL UNIVERSITY PURPOSE: BEHAVIORAL STUDY | $27,000 |
Boynton Beach, FL PURPOSE: M/CAID EXP.TRAINING | $15,250 |
Orlando, FL PURPOSE: M/CAID EXP RESEARCH | $15,142 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that Catalyst Miami Inc has recieved totaling $3,572,557.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $500,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $500,000 |
Kresge Foundation Troy, MI PURPOSE: TO SUPPORT CATALYST MIAMI AS THEY MOBILIZE COMMUNITIES IN MIAMI-DADE COUNTY TO ADVOCATE FOR MORE EQUITABLE CLIMATE AND HEALTH POLICIES AND PRACTICES. | $400,000 |
Hfsf Grants Management Inc Miami, FL PURPOSE: HEALTH UP! INSURING MORE MIAMI-DADE RESIDENTS | $353,430 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $329,000 |
Kresge Foundation Troy, MI PURPOSE: TO SUPPORT CATALYST MIAMI AS THEY MOBILIZE COMMUNITIES IN MIAMI-DADE COUNTY TO ADVOCATE FOR MORE EQUITABLE CLIMATE AND HEALTH POLICIES AND PRACTICES. | $200,000 |
Endowment Analysis
| Beg. Balance | $862,555 |
| Net Contributions | $336,854 |
| Other Expense | $862,555 |
| Ending Balance | $336,854 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catalyst Miami Inc Miami, FL | $6,303,962 | $5,374,874 |
Alabama Bankers Association Inc Montgomery, AL | $3,505,775 | $3,822,540 |
Georgia Rural Water Association Incorporated Barnesville, GA | $3,435,226 | $4,117,604 |
Florida Association Of Centers For Independent Living Inc Facil Tallahassee, FL | $7,894,913 | $3,870,768 |
Alabama Rural Water Association Montgomery, AL | $2,377,857 | $3,170,318 |
Macon-Russell Community Action Agency Incorporated Tuskegee, AL | $785,450 | $2,551,458 |
New Town Macon Inc Macon, GA | $28,447,383 | $5,896,499 |
Faith In Florida Inc Orlando, FL | $1,660,314 | $1,913,731 |
Palm Beach Civic Association Inc Palm Beach, FL | $3,106,965 | $1,972,810 |
Federal Alliance For Safe Homes -Flash Inc Tallahassee, FL | $1,877,404 | $1,813,662 |
Quality Life Center Of Southwest Florida Inc Fort Myers, FL | $3,568,924 | $1,373,755 |
Dearborn Young Mens Chrstian Association Mobile, AL | $585,322 | $1,204,188 |