Overview
What is The Miami Foundation Inc?
The Miami Foundation Inc is a philanthropic organization based in Miami, Florida. With a team of 50 employees, they invest in strengthening Miami by grantmaking across various issue areas, from the arts to the economy. Their primary focus is on building a more equitable and resilient community for Miami residents. Established in 1967, the Miami Foundation has a rich history of investing hundreds of millions of philanthropic dollars, playing a vital leadership role in the region. They initiate signature grant programs that support the nonprofit ecosystem and collaborate with partners across sectors to address critical community issues, such as climate resilience and educational equity.
Official website here: www.miamifoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 99%, Four-Star out of Four Star Rating
The Miami Foundation Inc has achieved an impressive 99% score, reflecting outstanding performance in terms of accountability and finance. This high rating indicates strong governance practices, as evidenced by the organization having a fully independent board and comprehensive audit and oversight mechanisms. The foundation's commitment to transparency is further highlighted by its policies on conflict of interest, whistleblowing, and detailed financial reporting.
The foundation demonstrates financial health, with a program expense ratio of 93.43%, indicating that a significant majority of its expenditures directly support its mission. Additionally, the organization maintains excellent fundraising efficiency, spending just $0.01 to raise a dollar, which suggests effective management of donor funds. Furthermore, the organization has a robust working capital ratio of 5.10 years, showing stability and capacity to sustain its operations.
While the Miami Foundation has many strengths, it does lack a posted donor privacy policy on its website, which is a minor area for improvement in its transparency efforts. Overall, the foundation's strong governance, financial health, and effective program implementation position it favorably within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Miami Foundation Inc legitimate?
The Miami Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Miami Foundation 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: $1,378,644
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,371,414
For more financial information, click here
Official website here: www.miamifoundation.org
What is the mission statement of The Miami Foundation Inc?
The Miami Foundation Inc is a philanthropic organization dedicated to strengthening its community through charitable giving, leadership, and community engagement. By serving as a community backbone, the foundation brings together various partners to address pressing issues, such as climate resilience and educational equity. Established in 1967, The Miami Foundation has invested hundreds of millions of philanthropic dollars to improve the community. Its leadership role has been crucial in mobilizing the region to collaborate on critical concerns.
Official website here: www.miamifoundation.org
Who is the CEO of The Miami Foundation Inc?
Rebecca Fishman Lipsey is the CEO of The Miami Foundation Inc The CEO's salary of The Miami Foundation Inc is $392,613 and their total compensation is $428,234.
Official website here: www.miamifoundation.org
What is the revenue of The Miami Foundation Inc?
The Miami Foundation Inc's revenue in 2023 was $133,524,071.
Official website here: www.miamifoundation.org
Who are the executives of The Miami Foundation Inc and what are their salaries?
The average compensation at The Miami Foundation Inc during 2023 was $70,756. There are 53 employees and 20 volunteers at The Miami Foundation Inc.
Here are 27 key members and their salaries (The Miami Foundation Inc's CEO's salary is $392,613 and their total compensation is $428,234):
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- Compensation: $392,613
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- Other: $35,621
- Compensation: $181,974
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- Other: $20,471
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- Compensation: $151,026
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- Compensation: $146,068
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- Other: $15,680
- Compensation: $132,609
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- Other: $25,766
- Compensation: $108,046
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- Other: $15,119
- Compensation: $108,127
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- Other: $14,354
Official website here: www.miamifoundation.org
Where can I find the form 990 for The Miami Foundation Inc?
The Miami Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.miamifoundation.org
Learn more at the official website: www.miamifoundation.org
Mission Statement of The Miami Foundation Inc
The Miami Foundation Inc, an established philanthropic organization founded in 1967, plays a pivotal role in strengthening Miami's community through philanthropy, leadership, and engagement. With a mission to serve as the backbone of Greater Miami, The Miami Foundation brings together partners from diverse sectors to tackle pressing issues in their community.
This organization has invested hundreds of millions of philanthropic dollars into the development of their community. The Miami Foundation's critical leadership has mobilized the region, enabling collaborative efforts to address various concerns, such as climate resilience and educational equity. By acting as a bridge between donors and community needs, The Miami Foundation ensures that resources reach the most impactful initiatives.
The Miami Foundation's ambitious endeavors extend beyond financial investments. It is a guiding force, rallying the community to work together and find innovative solutions to complex issues that impact their region. Their unwavering commitment to improving Miami's future is matched by their dedication to fostering a collaborative spirit, inspiring transformation and progress.
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Impact
October, 2024
The Miami Foundation Inc plays a vital role in enhancing the community by strengthening Miami through philanthropy, leadership, and community engagement. By investing in a wide array of issue areas, from the arts and education to the economy, the Foundation focuses on building a more equitable and resilient environment for all residents.
Through signature grant programs, it sustains the community ecosystem and mobilizes efforts to tackle pressing challenges such as the digital divide and climate resilience. Established in 1967, the Foundation has invested hundreds of millions of philanthropic dollars, fostering collaboration among various sectors to address critical issues. Its leadership and commitment to community engagement have made a significant impact, promoting a stronger, more connected Miami.
This information is meant to be a general summary of The Miami Foundation 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.
- Investment Income: $11,268,872
- Program Service Revenue: $1,145,237
- Gross Receipts: $370,777,980
Assets and Liabilities:
- Total Assets: $438,006,992
- Total Liabilities: $39,473,428
- Net Assets: $398,533,564
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$1,145,237
Organization Details
Founding Year
1967
Principal Officer
Rebecca Fishman Lipsey
Website
www.miamifoundation.orgNTEE Category
Code: T30Z - Philanthropy
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