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Nonprofiteer
← BIG BROTHERS BIG SISTERS OF MIAMI INSTITUTE INC

Form 990 for tax year 2023

Filed by BIG BROTHERS BIG SISTERS OF MIAMI INSTITUTE INC.

Totals

Total revenue
$8,086,477
Total expenses
$579,317
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$478,999
Investment income
$0
Other revenue
$7,607,478
Total assets, end of year
$8,604,680
Total liabilities, end of year
$1,804,728
Net assets or fund balances, end of year
$6,799,952
Program services expenses (Part IX)
$0
Management and general expenses
$579,317
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $478,999 · related or exempt $478,999

  • 11a · Other revenue: GAIN ON NMTC FORGIVENESS

    total $7,607,478 · related or exempt $7,607,478

  • 11e · Other revenue, total

    $7,607,478

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $1,665 · management and general $1,665

  • 11c · Fees: accounting

    total $7,925 · management and general $7,925

  • 20 · Interest

    total $71,538 · management and general $71,538

  • 22 · Depreciation, depletion and amortization

    total $221,703 · management and general $221,703

  • 23 · Insurance

    total $142,844 · management and general $142,844

  • 24a · Other expenses: EMPLOYEE LEASING SERVICES

    total $120,000 · management and general $120,000

  • 24b · Other expenses: PROPERTY MANAGEMENT FEES

    total $13,500 · management and general $13,500

  • 24c · Other expenses: BANK FEE

    total $80 · management and general $80

  • 24d · Other expenses: ORGANIZARIONAL DUES

    total $62 · management and general $62

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $257,941 · end of year $175,836

  • 4 · Accounts receivable

    end of year $834

  • 9 · Prepaid expenses and deferred charges

    beginning of year $119,601 · end of year $120,939

  • 10a · Land, buildings and equipment: cost or other basis

    $9,834,633

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,676,396

  • 10c · Land, buildings and equipment, net

    beginning of year $8,357,124 · end of year $8,158,237

  • 15 · Other assets

    beginning of year $159,180 · end of year $148,834

  • 17 · Accounts payable and accrued expenses

    beginning of year $115,676 · end of year $54,786

  • 23 · Secured mortgages and notes payable

    beginning of year $9,475,032 · end of year $1,749,942

  • 27 · Net assets without donor restrictions

    beginning of year -$696,862 · end of year $6,799,952

Mission and programs · 2023

Mission

BIG BROTHERS BIG SISTERS OF MIAMI INSTITUTE, INC. WAS ORGANIZED AS A NON- PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF FLORIDA, FOR THE PURPOSE OF RAISING FUNDS AND ADMINISTERING SUCH FUNDS FOR THE BENEFIT OF BIG BROTHERS BIG SISTERS OF GREATER MIAMI, INC., A 501(C)3 NON PROFIT ORGANIZATION.

Activities or mission (Part I)

BIG BROTHERS BIG SISTERS OF MIAMI INSTITUTE, INC. WAS ORGANIZED AS A NON- PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF FLORIDA, FOR THE PURPOSE OF RAISING FUNDS AND ADMINISTERING SUCH FUNDS FOR THE BENEFIT OF BIG BROTHERS BIG SISTERS OF GREATER MIAMI, INC., A 501(C)3 NON- PROFIT ORGANIZATION.

  • BIG BROTHERS BIG SISTERS OF MIAMI INSTITUTE, INC. WAS ORGANIZED AS A NON- PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF FLORIDA, FOR THE PURPOSE OF RAISING FUNDS AND ADMINISTERING SUCH FUNDS FOR THE BENEFIT OF BIG BROTHERS BIG SISTERS OF MIAMI, INC., A 501(C)3 NON-PROFIT ORGANIZATION AND ENGAGE IN SUCH CHARITABLE PROGRAMS AS THE MAJORITY OF THE BOARD OF DIRECTORS MAY DETERMINE.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gale S Nelson

    PRESIDENT &

    Total calculated
    $0

  • Richard Perez

    CFO

    Total calculated
    $0

  • Bonnie Crabtree

    DIRECTOR

    Total calculated
    $0

  • Dan Gelber

    DIRECTOR

    Total calculated
    $0

  • Jack Karson

    DIRECTOR

    Total calculated
    $0

  • Bernie Macias

    DIRECTOR

    Total calculated
    $0

  • Gary R Saslaw

    DIRECTOR

    Total calculated
    $0

  • Richard L Steinberg

    DIRECTOR

    Total calculated
    $0

  • Robert Sturges

    DIRECTOR

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v6.0
Source object
202521359349314447

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