Skip to content
Nonprofiteer
← ENDEAVOR MIAMI INC

Form 990 for tax year 2022

Filed by ENDEAVOR MIAMI INC.

Totals

Total revenue
$1,431,411
Total expenses
$1,797,618
Contributions and grants received
$1,452,068
Grants paid
$0
Program service revenue
$0
Investment income
$12,605
Other revenue
-$33,262
Total assets, end of year
$2,170,776
Total liabilities, end of year
$135,516
Net assets or fund balances, end of year
$2,035,260
Program services expenses (Part IX)
$1,233,627
Management and general expenses
$369,978
Fundraising expenses
$194,013
Program service expenses (Part III)
$1,233,627

Program services were 68.6% 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.

  • 1f · All other contributions, gifts and grants

    $1,452,068

  • 3 · Investment income

    total $12,605 · excluded $12,605

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $35,205

  • 8c · Net income from fundraising events

    total -$35,205 · excluded -$35,205

  • 11a · Other revenue: CREDIT CARD FEES

    total $1,943 · related or exempt $1,943

  • 11e · Other revenue, total

    $1,943

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $274,960 · program services $219,968 · management and general $21,997 · fundraising $32,995

  • 7 · Other salaries and wages

    total $796,523 · program services $525,985 · management and general $174,955 · fundraising $95,583

  • 8 · Pension plan contributions

    total $11,760 · program services $9,408 · management and general $941 · fundraising $1,411

  • 9 · Other employee benefits

    total $79,177 · program services $63,342 · management and general $6,334 · fundraising $9,501

  • 10 · Payroll taxes

    total $73,503 · program services $58,802 · management and general $5,880 · fundraising $8,821

  • 11g · Fees: other

    total $82,362 · management and general $82,362

  • 12 · Advertising and promotion

    total $77,484 · program services $77,484

  • 16 · Occupancy

    total $114,892 · program services $91,914 · management and general $9,191 · fundraising $13,787

  • 17 · Travel

    total $51,952 · program services $51,952

  • 19 · Conferences, conventions and meetings

    total $106,713 · program services $75,217 · fundraising $31,496

  • 22 · Depreciation, depletion and amortization

    total $7,213 · management and general $7,213

  • 23 · Insurance

    total $3,492 · program services $2,794 · management and general $279 · fundraising $419

  • 24a · Other expenses: GENERAL & ADMINSTRATIVE

    total $109,155 · program services $56,761 · management and general $52,394

  • 24b · Other expenses: OTHER EXPENSES

    total $8,432 · management and general $8,432

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,167,794 · end of year $1,667,523

  • 3 · Pledges and grants receivable

    beginning of year $293,871 · end of year $238,551

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

    $133,638

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

    $7,213

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $126,425

  • 15 · Other assets

    beginning of year $4,791 · end of year $138,277

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,943

  • 25 · Other liabilities

    beginning of year $0 · end of year $135,516

  • 27 · Net assets without donor restrictions

    beginning of year $2,434,513 · end of year $2,035,260

Mission and programs · 2022

Mission

ENDEAVOR MIAMI INC'S MISSION IS TO LEAD THE MOVEMENT TO CATALYZE LONG-TERM ECONOMIC GROWTH BY SELECTING, MENTORING, AND ACCELERATING THE BEST HIGH IMPACT ENTREPRENEURS IN THE SOUTH FLORIDA REGION. HIGH-IMPACT ENTREPRENEURS ARE INDIVIDUALS WHO SHOW TREMENDOUS ENTREPRENEURIAL AND LEADERSHIP POTENTIAL, CAN BUILD HIGH-GROWTH BUSINESSES WITH SIGNIFICANT JOB-CREATING OPPORTUNITIES AND EXHIBIT COMMITMENT TO THE DEVELOPMENT OF THEIR LOCAL COMMUNITY, WHICH BECOMES A KEY-DRIVER OF ECONOMIC GROWTH. ENDEAVOR WAS FOUNDED ON THE BELIEF THAT JOB CREATION, INNOVATION, AND OVERALL PROSPERITY FLOURISH WHERE THERE IS ROBUST SUPPORT FOR HIGH-IMPACT ENTREPRENEURS. ENDEAVOR MIAMI PROVIDES RESOURCES THAT ARE NOT OTHERWISE AVAILABLE IN ORDER TO SELECT HIGH-IMPACT ENTREPRENEURS, SO THAT THEY ARE ABLE TO SCALE THEIR BUSINESSES, INCREASE EMPLOYMENT OPPORTUNITIES AND PROVIDE A BASIS FOR SUSTAINED ECONOMIC GROWTH IN SOUTH FLORIDA.

  • DURING 2022, ENDEAVOR MIAMI REVIEWED CLOSE TO 500 CANDIDATESENTREPRENEURS, COORDINATED MENTORS TO CONDUCT SECOND OPINION REVIEWSWITH 10 COMPANIES, PREPARED 5 COMPANIES WHICH PRESENTED AT LOCALSELECTION PANELS, AND SUPPORTED 3 COMPANIES TO PRESENT AT AN INTERNATIONAL SELECTION PANELS. THIS RESULTED IN 1 COMPANY BEING SELECTED AS ENDEAVOR ENTREPRENEURS IN 2022.ENDEAVOR MIAMI SUPPORTED 2 COMPANY EXITS, 21 ACTIVE COMPANIES, LED BY 35 ENDEAVOR ENTREPRENEURS. THESE ENTREPRENEURS GENERATED CLOSE TO $800 MILLION DOLLARS IN REVENUE, AND OVER 5,000 JOBS DURING 2022.ALSO, THROUGH OUR ACCELERATOR PROGRAMS, ENDEAVOR LAB AND SCALEUP, WE HAD 5 COHORTS SUPPORTING 48 COMPANIES AND MANAGED AN ALUMNI NETOWRK OF 143 STARTUP COMPANIES GENERATING $130M IN REVENUES AND 1,500+ JOBS. SUPPORTED 48 COMPANIES IN 2022.

    Expenses $1,233,627

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Abi Mandelbaum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Aj Nahmad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Alberto Beeck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Andres Moreno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Anshu Agrawal Motwa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Ernest Bachrach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Emiliano Abramzon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Hank Dudgeon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jamie Knall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jessica Mindich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Julia Figuelredo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Matt Haggman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Maurice R Ferre MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Michael Simkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Raul Moas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Sean Wolfington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Claudia Duran

    MANAGING DIRECTOR

    Total calculated
    $274,960
    From this org
    $274,960
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,960
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $274,960

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
1 September 2023
IRS schema version
2022v5.0
Source object
202312449349301411

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.