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Miami Bayside Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 592834504 ✦ Miami, FL ✦ Designated as a 501(c)(3)

Overview

What is Miami Bayside Foundation Inc?

Miami Bayside Foundation Inc is a nonprofit organization situated in Miami, Florida, specifically at 25 SE 2nd Street Suite 240. Its primary mission is to foster economic development in South Florida. They specialize in providing loan programs tailored to minority-owned and women-owned businesses, catering to Miami-Dade, Broward, and Monroe counties. With a team of eight dedicated individuals, the foundation aims to contribute positively to the local economy.


Official website here: www.miamibaysidefoundation.org

Is Miami Bayside Foundation Inc legitimate?

Miami Bayside Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Miami Bayside 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.

Here are some key statistics you may want to consider:

Executive Compensation: $167,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $430,514

For more financial information, click here


Official website here: www.miamibaysidefoundation.org

What is the mission statement of Miami Bayside Foundation Inc?

The Miami Bayside Foundation Inc is committed to promoting economic development in South Florida. Their mission is to achieve this through various means, including the provision of a loan program for minority- and women-owned businesses in Miami-Dade, Broward, and Monroe counties. By offering financial assistance to these businesses, the foundation aims to stimulate economic growth and create opportunities within the region. The foundation's activities are focused on supporting local enterprises and contributing to the overall economic prosperity of South Florida.


Official website here: www.miamibaysidefoundation.org

Who is the CEO of Miami Bayside Foundation Inc?

Kathleen Murphy is the Chairman of Miami Bayside Foundation Inc.


Official website here: www.miamibaysidefoundation.org

What is the revenue of Miami Bayside Foundation Inc?

Miami Bayside Foundation Inc's revenue in 2022 was $2,648,181.


Official website here: www.miamibaysidefoundation.org

Who are the executives of Miami Bayside Foundation Inc and what are their salaries?

The average compensation at Miami Bayside Foundation Inc during 2022 was $74,689. There are 8 employees and 16 volunteers at Miami Bayside Foundation Inc.

Here are 15 key members and their salaries:

    Kathleen Murphy (Executive Director)
  • Compensation: $167,000
  • Related: $0
  • Other: $2,860

    • Nathan Kurland (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pamela Weller (Vice-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sonia Canessa-Gonzalez (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicole Ewan (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Josie Correa (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rolando Aedo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle Barton-King (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Benito Carmona (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Cazeau (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adam Dunshee (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Louis Mcmillian (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Basil Binns Ii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Gordon (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Edgard Nieto (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.miamibaysidefoundation.org

    Where can I find the form 990 for Miami Bayside Foundation Inc?

    The Miami Bayside Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.miamibaysidefoundation.org

    Learn more at the official website: www.miamibaysidefoundation.org

    Mission Statement of Miami Bayside Foundation Inc

    Miami Bayside Foundation Inc, as a mission-driven organization, is committed to fostering economic growth in South Florida. Their primary objective is to advance economic development in the regions of Miami-Dade, Broward, and Monroe Counties. To achieve this, they have established a loan program specifically tailored for minority- and women-owned businesses in these areas. By providing financial assistance, Miami Bayside Foundation Inc aims to empower these businesses and contribute to the overall economic prosperity of South Florida.

    Impact

    This information is meant to be a general summary of Miami Bayside Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Miami Bayside Foundation Inc's impact can be seen in its mission to advance the economic development of South Florida. By providing a loan program for minority- and women-owned businesses in Miami-Dade, Broward, and Monroe counties, the organization is actively supporting the growth and success of underrepresented entrepreneurs in the region. This initiative not only helps create more opportunities for these businesses but also contributes to the overall economic vitality of the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $14,666
  • Program Service Revenue: $259,839
  • Gross Receipts: $2,730,801

    • Assets and Liabilities:
  • Total Assets: $9,912,605
  • Total Liabilities: $4,043,295
  • Net Assets: $5,869,310
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM INCOME

    Revenue

    $259,839

    Organization Details

    Founding Year

    1986

    Principal Officer

    Kathleen Murphy

    Main Address

    25 SE 2ND STREET SUITE 240, MIAMI, FL, 33131

    NTEE Category

    Code: B82 - Education

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