Overview
What is Black Archives History & Research Foundation Of South Florida Inc?
The Black Archives History & Research Foundation of South Florida Inc, located in Miami, Florida, is a dedicated nonprofit organization with a primary focus on historical preservation. They are renowned for restoring historically significant sites, transforming them into community facilities for public use. Additionally, this foundation serves as a rental venue for shows and events, catering to the public's entertainment needs. Their mission involves the preservation, building, and renovation of the Historic Lyric Theater and The Welcome Complex, both iconic landmarks in the Historic Overtown district. With a team of 41 dedicated individuals, the Black Archives History & Research Foundation of South Florida Inc strives to preserve and share the rich historical heritage of its community.
Official website here: www.theblackarchives.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
The Black Archives History & Research Foundation of South Florida Inc has received a strong rating of 81%, indicating a reliable level of accountability and financial health. The organization boasts a perfect score for its majority independent board members, ensuring that governance is objective and transparent. Additionally, it is commendable that there has been no material diversion of assets, which reflects responsible management practices.
The Foundation demonstrates a solid commitment to ethical policies, with all key policies such as conflict of interest and whistleblower protections being properly listed and implemented. Furthermore, the organization allocates a significant portion of its budget to program expenses, with a program expense ratio of approximately 71.81%, showcasing its dedication to fulfilling its mission.
However, while the financial practices appear sound, there is always room for improvement in areas like public engagement and fundraising strategies to enhance the overall impact. Continued focus on these elements could further strengthen the Foundation's effectiveness in serving the community and preserving Black history in South Florida.
This AI summary has been generated from information found on Charity Navigator.
Is Black Archives History & Research Foundation Of South Florida Inc legitimate?
Black Archives History & Research Foundation Of South Florida Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Archives History & Research Foundation Of South Florida 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: $413,933
For more financial information, click here
Official website here: www.theblackarchives.org
What is the mission statement of Black Archives History & Research Foundation Of South Florida Inc?
The Black Archives History & Research Foundation of South Florida Inc is committed to preserving and renovating two historically significant sites: the Historic Lyric Theater and The Welcome Complex, located in the Historic Overtown district. Their mission is centered around revitalizing these landmarks, ensuring their continued use and appreciation by the community. Beyond restoration, the organization also offers the rental of these facilities for public events and shows, serving as an entertainment hub for the area.
Official website here: www.theblackarchives.org
Who is the CEO of Black Archives History & Research Foundation Of South Florida Inc?
Steven J Henriquez is the Treasurer of Black Archives History & Research Foundation Of South Florida Inc.
Official website here: www.theblackarchives.org
What is the revenue of Black Archives History & Research Foundation Of South Florida Inc?
Black Archives History & Research Foundation Of South Florida Inc's revenue in 2022 was $1,476,554.
Official website here: www.theblackarchives.org
Who are the executives of Black Archives History & Research Foundation Of South Florida Inc and what are their salaries?
The average compensation at Black Archives History & Research Foundation Of South Florida Inc during 2022 was $10,096. There are 41 employees at Black Archives History & Research Foundation Of South Florida Inc.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
Official website here: www.theblackarchives.org
Where can I find the form 990 for Black Archives History & Research Foundation Of South Florida Inc?
Black Archives History & Research Foundation Of South Florida Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theblackarchives.org
Learn more at the official website: www.theblackarchives.org
Mission Statement of Black Archives History & Research Foundation Of South Florida Inc
The Black Archives History & Research Foundation of South Florida Inc is dedicated to preserving and renovating two historically significant sites: the Historic Lyric Theater and The Welcome Complex, situated in the Historic Overtown district. The organization's mission is centered around the restoration and revitalization of these landmarks, with the ultimate goal of making them available for community use. Beyond this, the Black Archives also serves as an entertainment facility, offering a venue for public events and shows.
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Impact
July, 2024
The Black Archives History & Research Foundation Of South Florida Inc has made a significant impact on the community by actively promoting the preservation, building, and renovation of historically significant sites such as the Historic Lyric Theater and The Welcome Complex in the Historic Overtown district of Miami, Florida. By restoring these sites, the organization has provided the community with valuable spaces for cultural and entertainment events, enhancing the cultural scene of the area. Additionally, the organization's efforts have helped to preserve the rich history and heritage of the community for future generations to appreciate and learn from. Through its mission-driven work, the Black Archives History & Research Foundation Of South Florida Inc has played a vital role in promoting arts and cultural enrichment in the region.
This information is meant to be a general summary of Black Archives History & Research Foundation Of South Florida 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 2022.
- Program Service Revenue: $118,341
- Gross Receipts: $1,476,554
Assets and Liabilities:
- Total Assets: $16,624,126
- Total Liabilities: $38,554
- Net Assets: $16,585,572
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$60,838
Event Income
Revenue
$57,503
Organization Details
Founding Year
1977
Phone
(786) 708-4610Principal Officer
Steven J Henriquez
Main Address
819 NW 2ND AVENUE, MIAMI, FL, 331363907
Website
www.theblackarchives.orgNTEE Category
Code: A80 - Arts
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