Overview
What is Catalyst Miami Inc?
Catalyst Miami Inc is a nonprofit organization situated in Miami, Florida, with a focus on empowering frontline communities. Their mission is to foster justice and shared prosperity by building power with these communities. They offer a range of programs to support their mission, including financial coaching, navigating health insurance and income support, providing free tax preparation services, and offering financial products. Their activities extend beyond individuals, also encompassing community-wide wealth-building programs such as a universal savings program for young children and support for small businesses and worker cooperatives. They have a team of 34 dedicated employees.
Official website here: www.catalystmiami.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Catalyst Miami Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance with a score of 97%. This high rating indicates that the organization effectively manages its resources and is transparent in its operations, which builds trust among donors and stakeholders. The overall accountability and culture scores suggest that the organization is committed to both fiscal responsibility and community engagement.
User feedback from Great Nonprofits highlights the positive impact Catalyst Miami has on individuals and families. A client praised the Family Leadership & Training Institute for transforming their lives through education and community engagement. The emphasis on empowering community members to understand public policy and advocate for their needs demonstrates the organization's commitment to fostering leadership and active participation among its constituents.
However, while the organization excels in accountability and has strong client testimonials, the Culture & Community score of 89% suggests there may be areas for improvement in enhancing community connections or outreach efforts. Overall, Catalyst Miami Inc is recognized for its effective programs and positive influence in the community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Catalyst Miami Inc legitimate?
Catalyst Miami Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catalyst Miami 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: $456,511
Professional Fundraising Fees: $20,445
Other Salaries and Wages: $1,660,905
For more financial information, click here
Official website here: www.catalystmiami.org
What is the mission statement of Catalyst Miami Inc?
Catalyst Miami Inc's mission is centered around empowering frontline communities in Miami-Dade County to advance justice and achieve shared prosperity. The organization strives to build power within these communities by providing various resources. This includes navigating health insurance and income support, offering financial coaching and financial products, and offering free tax preparation. These initiatives aim to support economic mobility for community members. Additionally, Catalyst Miami Inc supports universal savings programs for young children and provides training, assistance, and resources for small businesses and worker cooperatives, contributing to community-wide wealth-building efforts.
Official website here: www.catalystmiami.org
Who is the CEO of Catalyst Miami Inc?
Zelalem Adefris is the Ceo of Catalyst Miami Inc. The CEO's salary of Catalyst Miami Inc is $0 and their total compensation is $0.
Official website here: www.catalystmiami.org
What is the revenue of Catalyst Miami Inc?
Catalyst Miami Inc's revenue in 2022 was $4,589,099.
Official website here: www.catalystmiami.org
Who are the executives of Catalyst Miami Inc and what are their salaries?
The average compensation at Catalyst Miami Inc during 2022 was $62,277. There are 34 employees and 11 volunteers at Catalyst Miami Inc.
Here are 25 key members and their salaries (Catalyst Miami Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $171,791
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- Other: $18,968
- Compensation: $121,010
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- Other: $16,335
- Compensation: $112,498
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- Other: $15,909
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Official website here: www.catalystmiami.org
Where can I find the form 990 for Catalyst Miami Inc?
Catalyst Miami Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.catalystmiami.org
Learn more at the official website: www.catalystmiami.org
Mission Statement of Catalyst Miami Inc
Catalyst Miami Inc, a mission-driven organization, sets out to empower frontline communities in Miami-Dade County, striving to advance justice and achieve shared prosperity. The organization's primary goal is to build power with these communities, working together to bring about positive change.
To achieve this mission, Catalyst Miami Inc focuses on several key areas. One of these is economic mobility, providing support for members of frontline communities through health insurance and income navigation, financial coaching, and financial products. Additionally, they offer free tax preparation services, all aimed at helping individuals and families improve their financial situation.
Beyond individual support, Catalyst Miami Inc also champions community-wide wealth-building programs. This includes a universal savings program for young children, as well as assistance, training, and technical support for small businesses and worker cooperatives. By fostering these initiatives, the organization aims to create opportunities for sustainable growth and prosperity within the community.
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Impact
July, 2024
Catalyst Miami Inc's impact can be seen in the strides it makes towards building power with frontline communities throughout Miami-Dade County. By advancing justice and achieving shared prosperity, the organization's prosperity campaign and wealth-building programs have a direct impact on economic mobility for members of these communities. Through initiatives such as health insurance and income support navigation, financial coaching and products, and free tax preparation services, Catalyst Miami Inc is working to uplift and empower individuals in frontline communities towards a more financially stable future. Additionally, their community-wide wealth-building programs, including a universal savings program for young children and support for small businesses and worker cooperatives, contribute to the overall economic growth and well-being of the region. In essence, Catalyst Miami Inc's efforts are geared towards creating a more just and prosperous society for all in Miami-Dade County.
This information is meant to be a general summary of Catalyst Miami 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.
- Investment Income: $57,196
- Program Service Revenue: $67,064
- Gross Receipts: $4,589,099
Assets and Liabilities:
- Total Assets: $6,534,980
- Total Liabilities: $135,405
- Net Assets: $6,399,575
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER CONTRACTS
Revenue
$45,766
PROGRAM INCOME
Revenue
$21,298
Organization Details
Founding Year
1996
Phone
(305) 576-5001Principal Officer
Zelalem Adefris
Main Address
PO BOX 381949, MIAMI, FL, 33238
Website
www.catalystmiami.orgNTEE Category
Code: S21 - Community improvement
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