The Mirasol Foundation Inc
- Assets
- $204.4k
- Revenue
- $552.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 05/2017
- Data as of
- 04/2022
- EIN
- 81-2776188
Organization Overview
The Mirasol Foundation Inc is located in Palm Beach Gardens, FL. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public 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. Mirasol Foundation 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 04/2022, Mirasol Foundation Inc generated $552.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 38.4% each year . All expenses for the organization totaled $468.0k during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mirasol Foundation Inc has awarded 114 individual grants totaling $1,448,500. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RAISING FUNDS TO DISTRIBUTE TO LOCAL NOT-FOR-PROFIT ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISING FUNDS TO DISTRIBUTE TO LOCAL NOT-FOR-PROFIT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Bonder Treasurer | OfficerTrustee | 10 | $0 |
Jon Peisinger Vice President | OfficerTrustee | 8 | $0 |
Daniel Lehrhoff President | Officer | 15 | $0 |
Jill Guz Secretary | Officer | 4 | $0 |
Ron Heller Director | Trustee | 4 | $0 |
Isabelle Royce Director | Trustee | 4 | $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 | $550,489 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $550,489 |
| Total Program Service Revenue | $0 |
| Investment income | $23 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,315 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $552,050 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $424,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,765 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $611 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $5,323 |
| All other expenses | $16,328 |
| Total functional expenses | $467,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,690 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,000 |
| 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 | $2,671 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $204,361 |
| Accounts payable and accrued expenses | $9,088 |
| 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 | $14,367 |
| Total liabilities | $23,455 |
| Net assets without donor restrictions | $180,906 |
| 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 | $204,361 |
Grants Awarded
Over the last fiscal year, The Mirasol Foundation Inc has awarded $399,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
Lake Worth, FL PURPOSE: PROGRAM | $35,000 |
Palm Beach Gardens, FL PURPOSE: PROGRAM | $25,000 |
Greenacres, FL PURPOSE: PROGRAM | $20,000 |
West Palm Beach, FL PURPOSE: PROGRAM | $20,000 |
Delray Beach, FL PURPOSE: PROGRAM | $15,000 |
West Palm Beach, FL PURPOSE: PROGRAM | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that The Mirasol Foundation Inc has recieved totaling $89,100.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $68,300 |
Smith Fam Foundation Clarence, NY PURPOSE: ADMINISTER AND DISTRIBUTE FUNDS TO C | $10,000 |
The Fifth C Foundation Palm Beach Gardens, FL PURPOSE: ASSISTANCE FOR CHARITABLE PURPOSE | $5,000 |
Aaron And Sylvia Rothenberg Family Foundation Inc Palm Beach Gardens, FL PURPOSE: GIVEN TO PRESELECTED ORGANIZATIONS | $2,000 |
Bronner Foundation Palm Beach Gardens, FL PURPOSE: DONATION | $1,300 |
Eleanor And Leo Zucker Family Foundation Inc Suffern, NY PURPOSE: UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Miami Foundation Inc Miami, FL | $460,864,709 | $147,324,669 |
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Jupiter Medical Center Foundation Inc Jupiter, FL | $160,882,045 | $61,479,471 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Trustbridge Global Foundation Usa Inc Clearwater, FL | $68,735,703 | $42,627,282 |
Blue Cross And Blue Shield Of Florida Foundation Inc Jacksonville, FL | $500,668,406 | $165,069,947 |
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $66,534,235 | $10,949,791 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |