Overview
What is Big Brothers Big Sisters Of Miami Institute Inc?
Big Brothers Big Sisters Of Miami Institute Inc is a Florida-based nonprofit organization, established with the primary goal of fundraising and managing these funds for the benefit of Big Brothers Big Sisters of Miami, a 501(c)3 charitable entity. The primary mission of the institute is to support Big Brothers Big Sisters of Greater Miami, fostering positive mentorship relationships between youth and adult volunteers. By raising funds and administering them effectively, the institute aims to empower and guide young individuals, ultimately contributing to their personal growth and well-being. The organization's location in Miami, Florida, allows it to serve the local community, offering essential support for this worthy cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star Rating
Big Brothers Big Sisters of Miami Institute Inc has received a low rating of 54%, indicating significant concerns regarding its financial accountability and transparency. The rating is solely based on the Accountability & Finance beacon, highlighting weaknesses in its financial management, particularly a concerning liabilities to assets ratio of 107.83% and a reported program expense ratio of 0.00%.
Despite these issues, the organization demonstrates strong governance practices with an entirely independent board, where all members are independent, and effective policies in place, such as conflict of interest and whistleblower policies. These factors reflect a commitment to good practice in oversight and management.
However, the financial health of the organization raises alarms for potential donors and supporters. The lack of program expenses could indicate difficulties in funding initiatives that directly benefit the community, thus limiting its effectiveness in fulfilling its mission. Overall, while the governance structure is robust, the financial metrics reveal critical areas that need improvement to ensure sustainability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Big Brothers Big Sisters Of Miami Institute Inc legitimate?
Big Brothers Big Sisters Of Miami Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Big Brothers Big Sisters Of Miami Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Big Brothers Big Sisters Of Miami Institute Inc?
Big Brothers Big Sisters Of Miami Institute Inc was established as a non-profit organization under Florida's laws, primarily to raise funds and manage these funds for the benefit of Big Brothers Big Sisters of Miami, a 501(c)3 non-profit organization. The primary objective of Big Brothers Big Sisters Of Miami Institute Inc is to support Big Brothers Big Sisters of Greater Miami, enhancing its capacity to provide mentorship programs and other related services. The institute aims to contribute financially to the overall mission of Big Brothers Big Sisters of Greater Miami, which is to empower youth and positively impact their lives through one-to-one mentoring relationships. The institute's role is crucial in ensuring the continued success and growth of Big Brothers Big Sisters of Greater Miami, ultimately contributing to the betterment of the community's younger generation.
Who is the CEO of Big Brothers Big Sisters Of Miami Institute Inc?
Gale S Nelson is the CEO of Big Brothers Big Sisters Of Miami Institute Inc The CEO's salary of Big Brothers Big Sisters Of Miami Institute Inc is $0 and their total compensation is $228,762.
What is the revenue of Big Brothers Big Sisters Of Miami Institute Inc?
Big Brothers Big Sisters Of Miami Institute Inc's revenue in 2023 was $460,576.
Who are the executives of Big Brothers Big Sisters Of Miami Institute Inc and what are their salaries?
There 8 volunteers at Big Brothers Big Sisters Of Miami Institute Inc.
Here are 9 key members and their salaries (Big Brothers Big Sisters Of Miami Institute Inc's CEO's salary is $0 and their total compensation is $228,762):
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- Other: $0
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- Related: $216,676
- Other: $12,086
- Compensation: $0
- Related: $143,185
- Other: $7,209
Where can I find the form 990 for Big Brothers Big Sisters Of Miami Institute Inc?
Big Brothers Big Sisters Of Miami Institute Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Big Brothers Big Sisters Of Miami Institute Inc
Big Brothers Big Sisters of Miami Institute Inc was established as a non-profit corporation under the laws of Florida, with a primary objective of raising funds and managing these funds for the benefit of Big Brothers Big Sisters of Miami, a 501(C)3 non-profit organization. The institute's mission is to support the larger organization, Big Brothers Big Sisters of Greater Miami, in its mission of mentoring and guiding young people in Miami through one-to-one relationships with caring adults. This mission aims to empower these children and youth, providing them with positive role models and fostering their personal growth and development. By raising funds and administering them effectively, Big Brothers Big Sisters of Miami Institute Inc plays a crucial role in enabling its parent organization to carry out its mission of making a significant difference in the lives of Miami's youth.
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Impact
July, 2024
Big Brothers Big Sisters Of Miami Institute Inc's impact is focused on youth development. Through their support and mentorship programs, they positively influence the lives of young people in Miami. They work towards empowering and guiding the next generation to reach their full potential and become successful individuals in their communities.
This information is meant to be a general summary of Big Brothers Big Sisters Of Miami Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $460,576
- Gross Receipts: $460,576
Assets and Liabilities:
- Total Assets: $8,941,117
- Total Liabilities: $9,362,397
- Net Assets: -$421,280
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$460,576
Organization Details
Founding Year
2015
Principal Officer
Gale S Nelson
NTEE Category
Code: O11 - Youth development
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