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Nonprofiteer
← MIAMI DADE COLLEGE FOUNDATION INC

Form 990 for tax year 2024

Filed by MIAMI DADE COLLEGE FOUNDATION INC.

Totals

Total revenue
$43,417,864
Total expenses
$42,865,105
Contributions and grants received
$28,906,417
Grants paid
$24,947,045
Program service revenue
$601,407
Investment income
$13,879,032
Other revenue
$31,008
Total assets, end of year
$290,592,657
Total liabilities, end of year
$36,172,589
Net assets or fund balances, end of year
$254,420,068
Program services expenses (Part IX)
$37,177,466
Management and general expenses
$2,648,586
Fundraising expenses
$3,039,053
Program service expenses (Part III)
$37,177,466

Program services were 86.7% 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.

  • 1b · Membership dues

    $7,975

  • 1c · Fundraising events

    $1,934,896

  • 1f · All other contributions, gifts and grants

    $26,963,546

  • 2a · Program service revenue: Contributed Services

    total $601,407 · related or exempt $601,407

  • 3 · Investment income

    total $4,968,050 · related or exempt $4,968,050

  • 7a · Gross sales of assets other than inventory

    securities $95,109,703

  • 7b · Less cost or other basis and sales expenses

    securities $86,198,721

  • 7c · Gain or loss

    securities $8,910,982

  • 7d · Net gain or loss

    total $8,910,982 · related or exempt $8,910,982

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

    $1,934,896

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Securities lending

    total $30,957 · related or exempt $30,957

  • 11b · Other revenue: Misc Income

    total $51 · related or exempt $51

  • 11e · Other revenue, total

    $31,008

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $24,947,045 · program services $24,947,045

  • 5 · Compensation of officers, directors and key employees

    total $855,679 · program services $171,136 · management and general $256,703 · fundraising $427,840

  • 7 · Other salaries and wages

    total $2,051,270 · program services $410,253 · management and general $615,381 · fundraising $1,025,636

  • 11c · Fees: accounting

    total $59,843 · management and general $59,843

  • 11f · Fees: investment management

    total $676,448 · management and general $676,448

  • 11g · Fees: other

    total $1,833,143 · program services $1,113,262 · management and general $545,472 · fundraising $174,409

  • 12 · Advertising and promotion

    total $326,340 · program services $227,072 · management and general $1,900 · fundraising $97,368

  • 13 · Office expenses

    total $167,311 · program services $52,079 · management and general $48,667 · fundraising $66,565

  • 14 · Information technology

    total $193,610 · program services $11,790 · management and general $135,806 · fundraising $46,014

  • 16 · Occupancy

    total $138,958 · program services $27,792 · management and general $41,687 · fundraising $69,479

  • 17 · Travel

    total $37,997 · program services $16,038 · management and general $12,767 · fundraising $9,192

  • 24a · Other expenses: Activities & Events

    total $2,276,098 · program services $1,154,401 · management and general $1,990 · fundraising $1,119,707

  • 24b · Other expenses: Direct Program Support

    total $9,046,668 · program services $9,046,598 · management and general $50 · fundraising $20

  • 24c · Other expenses: Provision for Doubtful AC

    total $251,872 · management and general $251,872

  • 24d · Other expenses: Scholarships & Awards

    total $2,823 · fundraising $2,823

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $19,597,437 · end of year $25,606,101

  • 3 · Pledges and grants receivable

    beginning of year $19,116,958 · end of year $13,955,223

  • 4 · Accounts receivable

    beginning of year $484,921 · end of year $484,503

  • 11 · Investments: publicly traded securities

    beginning of year $159,121,003 · end of year $182,335,313

  • 12 · Investments: other securities

    beginning of year $72,132,244 · end of year $67,467,016

  • 15 · Other assets

    beginning of year $491,934 · end of year $744,501

  • 17 · Accounts payable and accrued expenses

    beginning of year $747,370 · end of year $856,854

  • 25 · Other liabilities

    beginning of year $16,059,301 · end of year $35,315,735

  • 27 · Net assets without donor restrictions

    beginning of year $60,358,687 · end of year $55,622,377

  • 28 · Net assets with donor restrictions

    beginning of year $193,779,139 · end of year $198,797,691

Mission and programs · 2024

Mission

A direct support organization for Miami Dade College (see Schedule O for additional information)

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $25,403,931

  • The Foundation also supports donor funded facility projects, events, programs and cultural activities of the College such as the Miami Film Festival and Miami Book Fair.

    Expenses $11,773,535

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Madeline Pumariega

    Miami Dade College President

    Total calculated
    $649,185
    From this org
    $0
    From related orgs
    $649,185
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    not reported + $649,185 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $649,185 related

  • Dr Malou Harrison

    Executive VP & Provost

    Total calculated
    $329,250
    From this org
    $0
    From related orgs
    $329,250
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    not reported + $329,250 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $329,250 related

  • Nelson Hincapie

    CEO

    Total calculated
    $254,943
    From this org
    $254,943
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $254,943
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $254,943

  • Marta J Mitzenmacher

    Chief Financial Officer

    Total calculated
    $175,405
    From this org
    $175,405
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $175,405
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $175,405

  • Ana Martinez

    Sr Director of Development

    Total calculated
    $147,956
    From this org
    $147,956
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ivonne Hernandez

    Controller

    Total calculated
    $142,285
    From this org
    $142,285
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Julia Vives

    Chief Operating Officer

    Total calculated
    $135,090
    From this org
    $135,090
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Carlos R Fernandez-Guzman

    Immediate Past Chairman

    Total calculated
    $0
    Hours/week
    2

  • Jorge M Plasencia

    Chairman

    Total calculated
    $0
    Hours/week
    4

  • Toby B Rohrer

    Secretary

    Total calculated
    $0
    Hours/week
    4

  • Joseph A Fernandez

    Treasurer

    Total calculated
    $0
    Hours/week
    4

  • Dr Anay M Abraham

    Director

    Total calculated
    $0
    Hours/week
    2

  • Tere Blanca

    Director

    Total calculated
    $0
    Hours/week
    2

  • Angelica Santibanez

    Director

    Total calculated
    $0
    Hours/week
    2

  • Eloise Gonzalez

    Alumni Relations Committee Chair

    Total calculated
    $0
    Hours/week
    2

  • Reginald J Clyne

    Audit Committee Chair

    Total calculated
    $0
    Hours/week
    2

  • Efrain A Monzon

    Development Committe Chair

    Total calculated
    $0
    Hours/week
    2

  • Jose Sirven

    Nominating & Govt Committee Chair

    Total calculated
    $0
    Hours/week
    2

  • Henry Fleches

    Budget & Finance Committee Chair

    Total calculated
    $0
    Hours/week
    2

  • Caroline OConnor

    Director

    Total calculated
    $0
    Hours/week
    2

  • Malala Mezerhane

    Director

    Total calculated
    $0
    Hours/week
    2

  • Daniel Pena-Giraldi

    Director

    Total calculated
    $0
    Hours/week
    2

  • Pablo Pino

    Vice Chair

    Total calculated
    $0
    Hours/week
    4

  • Robin Ziegler

    Director

    Total calculated
    $0
    Hours/week
    2

  • Michael Bileca

    Director

    Total calculated
    $0
    Hours/week
    2

  • Julia Vives

    Interim CEO

    Total calculated
    $0
    Hours/week
    40

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 · Written employment contract

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

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.

  • Miami Dade College

    501c · College · FL

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Miami Dade College

  • Miami Dade College

  • Miami Dade College

Provenance

Return type
form_990
Tax year
2024
Filed
17 December 2025
IRS schema version
2024v5.2
Source object
202533519349300818

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