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Nonprofiteer
← BIG BROTHERS BIG SISTERS OF MIAMI FOUNDATION INC

Form 990 for tax year 2022

Filed by BIG BROTHERS BIG SISTERS OF MIAMI FOUNDATION INC.

Totals

Total revenue
$81,446
Total expenses
$96,092
Contributions and grants received
$0
Grants paid
$48,500
Program service revenue
$0
Investment income
$81,446
Other revenue
$0
Total assets, end of year
$4,871,371
Total liabilities, end of year
$47,361
Net assets or fund balances, end of year
$4,824,010
Program services expenses (Part IX)
$74,548
Management and general expenses
$17,779
Fundraising expenses
$3,765
Program service expenses (Part III)
$74,548

Program services were 77.6% 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.

  • 3 · Investment income

    total $91,840 · excluded $91,840

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

    securities $10,394

  • 7c · Gain or loss

    securities -$10,394

  • 7d · Net gain or loss

    total -$10,394 · related or exempt -$10,394

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $48,500 · program services $48,500

  • 11c · Fees: accounting

    total $6,832 · management and general $6,832

  • 11f · Fees: investment management

    total $6,000 · management and general $6,000

  • 22 · Depreciation, depletion and amortization

    total $32,560 · program services $26,048 · management and general $4,884 · fundraising $1,628

  • 23 · Insurance

    total $2,137 · fundraising $2,137

  • 24a · Other expenses: ORGANIZATIONAL EXPENSES

    total $63 · management and general $63

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $201,828 · end of year $190,829

  • 4 · Accounts receivable

    beginning of year $57,500 · end of year $129,065

  • 7 · Other notes and loans receivable

    beginning of year $4,061,229 · end of year $4,061,229

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,614 · end of year $3,719

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

    $547,604

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

    $495,060

  • 10c · Land, buildings and equipment, net

    beginning of year $85,105 · end of year $52,544

  • 11 · Investments: publicly traded securities

    beginning of year $349,031 · end of year $371,047

  • 15 · Other assets

    beginning of year $62,938 · end of year $62,938

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,725 · end of year $47,361

  • 27 · Net assets without donor restrictions

    beginning of year $4,752,522 · end of year $4,800,880

  • 28 · Net assets with donor restrictions

    beginning of year $57,998 · end of year $23,130

Mission and programs · 2022

Mission

ITS MISSION IS FOR THE PURPOSE OF RAISING FUNDS AND ADMINISTERING SUCH FUNDS FOR THE BENEFITS OF BIG BROTHERS BIG SISTERS OF MIAMI, INC.

  • BIG BROTHERS BIG SISTERS OF MIAMI FOUNDATION, INC. (THE "FOUNDATION") WAS ORGANIZED IN NOVEMBER 2011 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., (THE "AGENCY"), A 501(C)(3) NON-PROFIT ORGANIZATION. IN FISCAL YEAR 2019 THE FOUNDATION CEASED TO RAISE FUNDS ON BEHALF OF THE AGENCY AND IS COLLECTING OUTSTANDING PLEDGES AND ADMINISTERING COLLECTED FUNDS FOR THE BENEFIT OF THE AGENCY.

    Expenses $74,548 · Grants $48,500

As filed on the 2022 return.

Listed in Part VII

  • Matt Gorson

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Richard L Kohan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Bonnie Crabtree

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Gabe Navarro

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Gary Saslaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Gale S Nelson

    PRESIDENT & CEO

    Total calculated
    $228,762
    From this org
    $0
    From related orgs
    $216,676
    Other
    $12,086
    Hours/week
    2.5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $216,676 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,086 related
    Filer's total
    $0 + $228,762 related

  • Richard Perez

    CFO

    Total calculated
    $150,394
    From this org
    $0
    From related orgs
    $143,185
    Other
    $7,209
    Hours/week
    2.5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,185 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,209 related
    Filer's total
    $0 + $150,394 related

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

None.

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

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
2022
Filed
9 April 2024
IRS schema version
2022v5.0
Source object
202431009349301138

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