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Nonprofiteer
← CATALYST MIAMI INC

Form 990 for tax year 2022

Filed by CATALYST MIAMI INC.

Totals

Total revenue
$4,589,099
Total expenses
$4,133,768
Contributions and grants received
$4,463,493
Grants paid
$352,714
Program service revenue
$67,064
Investment income
$57,196
Other revenue
$1,346
Total assets, end of year
$6,534,980
Total liabilities, end of year
$135,405
Net assets or fund balances, end of year
$6,399,575
Program services expenses (Part IX)
$3,275,585
Management and general expenses
$705,289
Fundraising expenses
$152,894
Program service expenses (Part III)
$3,275,585

Program services were 79.2% 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.

  • 1a · Federated campaigns

    $35,609

  • 1c · Fundraising events

    $98,470

  • 1e · Government grants (contributions)

    $452,726

  • 1f · All other contributions, gifts and grants

    $3,876,688

  • 1g · Noncash contributions included above

    $2,561

  • 2a · Program service revenue: OTHER CONTRACTS

    total $45,766 · excluded $45,766

  • 2b · Program service revenue: PROGRAM INCOME

    total $21,298 · excluded $21,298

  • 3 · Investment income

    total $57,196 · excluded $57,196

  • 8a · Fundraising events: contributions included on line 1c

    $98,470

  • 11a · Other revenue: OTHER INCOME

    total $1,346 · related or exempt $1,346

  • 11e · Other revenue, total

    $1,346

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $293,142 · program services $293,142

  • 2 · Grants to domestic individuals

    total $59,572 · program services $59,572

  • 5 · Compensation of officers, directors and key employees

    total $456,511 · program services $188,631 · management and general $267,880

  • 7 · Other salaries and wages

    total $1,660,905 · program services $1,440,253 · management and general $127,421 · fundraising $93,231

  • 8 · Pension plan contributions

    total $72,212 · program services $61,514 · management and general $6,404 · fundraising $4,294

  • 9 · Other employee benefits

    total $290,814 · program services $247,937 · management and general $28,490 · fundraising $14,387

  • 10 · Payroll taxes

    total $156,399 · program services $122,491 · management and general $26,721 · fundraising $7,187

  • 11b · Fees: legal

    total $120 · program services $120

  • 11c · Fees: accounting

    total $19,000 · program services $3,000 · management and general $16,000

  • 11e · Fees: professional fundraising services

    total $20,445 · fundraising $20,445

  • 11g · Fees: other

    total $557,353 · program services $481,794 · management and general $74,267 · fundraising $1,292

  • 12 · Advertising and promotion

    total $2,526 · program services $2,016 · management and general $419 · fundraising $91

  • 13 · Office expenses

    total $140,162 · program services $112,830 · management and general $23,380 · fundraising $3,952

  • 14 · Information technology

    total $102,808 · program services $65,082 · management and general $33,491 · fundraising $4,235

  • 16 · Occupancy

    total $87,361 · program services $66,028 · management and general $19,010 · fundraising $2,323

  • 17 · Travel

    total $42,597 · program services $41,627 · management and general $961 · fundraising $9

  • 19 · Conferences, conventions and meetings

    total $36,001 · program services $24,750 · management and general $10,694 · fundraising $557

  • 22 · Depreciation, depletion and amortization

    total $1,117 · program services $901 · management and general $179 · fundraising $37

  • 23 · Insurance

    total $13,274 · program services $1,609 · management and general $11,665

  • 24a · Other expenses: PROGRAM EXPENSES

    total $57,782 · program services $57,782

  • 24b · Other expenses: PAYROLL ADMIN FEES

    total $51,393 · management and general $51,393

  • 24c · Other expenses: BANK MERCHANT FEES

    total $3,480 · program services $1,671 · management and general $1,563 · fundraising $246

  • 24d · Other expenses: MOVING COSTS

    total $2,686 · program services $8 · management and general $2,678

  • 24e · All other expenses

    total $6,108 · program services $2,827 · management and general $2,673 · fundraising $608

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $182,364 · end of year $476,436

  • 2 · Savings and temporary cash investments

    beginning of year $3,323,596 · end of year $3,218,355

  • 4 · Accounts receivable

    beginning of year $2,210,947 · end of year $2,296,787

  • 9 · Prepaid expenses and deferred charges

    beginning of year $77,631 · end of year $29,674

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

    $8,980

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

    $6,764

  • 10c · Land, buildings and equipment, net

    beginning of year $3,333 · end of year $2,216

  • 13 · Investments: program-related

    beginning of year $497,427 · end of year $511,512

  • 15 · Other assets

    beginning of year $8,664

  • 17 · Accounts payable and accrued expenses

    beginning of year $196,071 · end of year $84,766

  • 19 · Deferred revenue

    beginning of year $59,500 · end of year $9,000

  • 25 · Other liabilities

    beginning of year $28,543 · end of year $41,639

  • 27 · Net assets without donor restrictions

    beginning of year $710,679 · end of year $826,774

  • 28 · Net assets with donor restrictions

    beginning of year $5,309,169 · end of year $5,572,801

Mission and programs · 2022

Mission

THE ORGANIZATION'S MISSION IS TO BUILD POWER WITH FRONTLINE COMMUNITIES THROUGHOUT MIAMI-DADE COUNTY TO ADVANCE JUSTICE AND ACHIEVE SHARE PROSPERITY.

  • 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 MEMBERS OF FRONTLINE COMMUNITIES. 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.

    Expenses $1,180,906 · Grants $127,160 · Revenue $66,425

  • 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.

    Expenses $1,298,615 · Grants $139,834 · Revenue $639

  • COMMUNITY ECONMIC DEVELOPMENT CREATIVE OPPORTUNITIES FOR MIAMI-DADE RESIDENTS TO OWN ASSETS THROUGH COOPERATIVE ECONOMIC MODELS, SUCH AS WORKER-OWNED BUSINESSES AND REAL- ESTATE INVESTMENT COOPERATIVES.

    Expenses $796,064 · Grants $85,720

As filed on the 2022 return.

Listed in Part VII

  • GRETCHEN BEESING

    CEO

    Total calculated
    $190,759
    From this org
    $171,791
    From related orgs
    $0
    Other
    $18,968
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,791
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $18,968
    Filer's total
    $190,759

  • BRIAN LARSON

    CFO

    Total calculated
    $137,345
    From this org
    $121,010
    From related orgs
    $0
    Other
    $16,335
    Hours/week
    40

  • NINA THOMPKINS

    COO

    Total calculated
    $128,407
    From this org
    $112,498
    From related orgs
    $0
    Other
    $15,909
    Hours/week
    40

  • AILEEN ALON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • CHARLES M AUSLANDER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.7

  • FRANCOIS CHAM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • JOAQUIN DULITZKY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MELANIE GARMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ABEL MONTERO GOMEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • MELANIE HAPNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • BERETHA HOWARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • D MARCUS BRASWELL JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • JASON KATZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • NYAME NTI NSIBIENNAKOU-FAWOHODIE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • IYA OVERSTREET

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • DANIELLE PIERRE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • DANIEL TRAMEL STABILE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • GINA CIRALDO STABILE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.7

  • KORENE STUART

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MARJORIE YORK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • ZELALEM ADEFRIS

    CEO

    Total calculated
    $0

  • MARY CLARE CASEY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.7

  • DAMIAN D DALEY ESQ

    CHAIR

    Total calculated
    $0
    Hours/week
    0.7

  • JASON KAYE

    TREASURER 1/

    Total calculated
    $0
    Hours/week
    0.5

  • CHARMEL MAYNARD

    TREASURER 6/

    Total calculated
    $0
    Hours/week
    0.7

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343189349313974

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