We don't have the most up to date data. Thanks, IRS.

The IRS is significantly delayed in processing nonprofits' annual tax filings (Forms 990). We're unable to provide information for charities beyond that of the most recently available data from the IRS.

Data submitted on 2020-11-12 for Tax Year 2019

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MIAMI FOUNDATION INC

EIN: 65-0350357

MIP Score

80

Mission

The Miami Foundation is building the philanthropic, civic, and leadership backbone for Greater #Miami. #GiveMiamiDay is 11.16.2023 đź’ś

Address

40 Nw 3Rd Street No 305 Miami, FL - 33128

Established

1967

Twitter Followers

16.92K

Tax-Deductible?

Yes

Total Assets

460.9 million

Broad Category

Philanthropy, Voluntarism & Grantmaking Foundations

Specific Category

Public Foundations

Score Breakdown

MIP Score

The MIP Score is an aggregate score composed of five categories which we believe best standardizes and represents a nonprofit's ability to make an impact. Please note there are no nonprofits with a perfect MIP score.

Each individual component of the MIP Score is compared and quantiled against those of all other nonprofits in order to create the final scores you see below.

Financial Strength

This score represents a nonprofit's ability to stay financially strong in order to have long-term impact. Nonprofits with stronger financials and better cash management will have stronger scores.

80 /100
    Score
  • Program Expense Ratio
    92.60%
    20/20

    Program Expense Ratio

    Measures the ratio of spending on program-related expenses relative to all expenses (including executive salary, fundraising, etc.). You could think of it as the percentage of your donation that would go directly to the nonprofit’s mission.

    Average value across nonprofits

    86.31%

  • Program Revenue Growth
    247.98%
    20/20

    Program Revenue Growth

    This shows the year-over-year growth in the revenue gained from program services (related to the charity’s mission).

    Average value across nonprofits

    5.00%

  • Leverage Ratio
    0.09484
    20/20

    Leverage Ratio

    This is calculated as the charity's total liabilities over its assets. If a charity has a ratio of more than one, it has taken on significant debt over its assets.

    Average value across nonprofits

    0.1471

  • Working Capital Ratio
    4.777
    18/20

    Working Capital Ratio

    This is calculated as the charity’s net assets over its most recent total expenses. This indicates how long the nonprofit could last if it stopped receiving funding.

    Average value across nonprofits

    0.9007

  • Fundraising Efficiency
    0
    2/20

    Fundraising Efficiency

    This is calculated as the charity’s revenue gained from fundraising over the charity’s total expense to gain said fundraising. If this ratio is more than one, the charity lost money while fundraising.

    Average value across nonprofits

    1.099

Dollar Impact

This score tries to represent how much each nonprofit will benefit from and make use of each dollar donated.

62 /100
    Score
  • $100 as a percent of Total Revenue
    0.01%
    16/20

    $100 as a percent of Total Revenue

    This is how much $100 represents as a percent of the charity's total revenue. The higher this is, the more likely the charity will benefit from the extra donation.

    Average value across nonprofits

    1.78%

  • $100 as a percent of Total Fundraising
    0.00%
    2/20

    $100 as a percent of Total Fundraising

    This is how much $100 represents as a percent of the charity's total revenue from fundraising. This is the portion the charity directly raises from the public. The higher this is, the more likely the charity will benefit from the extra donation.

    Average value across nonprofits

    14.93%

  • $100 as a percent of non-government funding
    0.02%
    12/20

    $100 as a percent of non-government funding

    This is how much $100 represents as a percent of the charity's total revenue from non-government sources. The higher this is, the more likely the charity will benefit from the extra donation from the public.

    Average value across nonprofits

    4.01%

  • Dollar Impact on Program Expenses
    0.02%
    12/20

    Dollar Impact on Program Expenses

    This is how much $100 represents as a proportion of the charity’s program expenses. You can think of this as the value of $100 relative to the money the charity spends pursuing its core mission.

    Average value across nonprofits

    2.26%

  • Program Expense Growth Less Revenue Growth
    259.50%
    20/20

    Program Expense Growth Less Revenue Growth

    This is calculated as the growth in program expenses minus the revenue growth. If this number is positive, then the charity is actively contributing more to its core mission as it receives more money as revenue.

    Average value across nonprofits

    7.25%

Reputation

Although we'd like charities to be able to act quickly, the best established charities are often the most trustworthy. This score represents a nonprofit's reputation and inherit trust.

81 /100
    Score
  • Nonprofit Tenure
    55 yrs
    27/30

    Nonprofit Tenure

    This is how long the particular nonprofit has been around since its incorporation. Nonprofits with longer nonprofit tenure are more likely to be established with significant reputations.

    Average value across nonprofits

    24 yrs

  • Total Net Assets
    324.9 million
    30/30

    Total Net Assets

    This is the dollar value of all assets this nonprofit currently has. The higher the value of assets, the richer and more established a nonprofit likely is.

    Average value across nonprofits

    541K

  • Number of governing members
    19
    9/10

    Number of governing members

    This is how many members the nonprofit currently has on its governing board. Larger and more established nonprofits tend to have more members on their governing boards.

    Average value across nonprofits

    9

  • Active Size
    32
    5/10

    Active Size

    This is the sum of the number of volunteers and employees a nonprofit has. Larger and more established nonprofits tend to have more members volunteering and working for them.

    Average value across nonprofits

    4

  • Has public website

    Yes

    10/10

    Has public website

    Self-explanatory. The nonprofit has a website that the public can access.

    How many nonprofits have this

    71.19%

Management

This score represents a nonprofit's or charities management. We value management that is transparent, elected, and whose members are paid fairly without detracting from the nonprofits' mission.

90 /100
    Score
  • CEO Compensation Policy

    Yes

    10/10

    CEO Compensation Policy

    This checks whether a charity has a formal and approved compensation policy for its principal officer. Charities without a formal policy can change their CEO compensation more easily.

    How many nonprofits have this

    44.88%

  • Majority Independent Votes

    Yes

    10/10

    Majority Independent Votes

    This checks that the number of independent voting members is greater than half the total of voting members; that is, nonaffiliated members comprise more than half the voting board. This is useful to ensure the nonprofit remains unbiased.

    How many nonprofits have this

    87.86%

  • Elects Board Members

    No

    0/10

    Elects Board Members

    This represents whether the nonprofit enforces the election of board members. Nonprofits with elected board members are more likely to be unbiased.

    How many nonprofits have this

    16.19%

  • CEO Compensation Multiplier
    4.034
    10/10

    CEO Compensation Multiplier

    This is calculated by dividing the CEO’s salary by the estimated average salary of the nonprofit’s employees. A larger multiplier indicates that the nonprofit pays its’ CEO more favorably than its employees.

    Average value across nonprofits

    8.612

  • CEO Salary as a % of Expenses
    0.49%
    20/20

    CEO Salary as a % of Expenses

    This is calculated as the principal officer's salary divided by the total expenses of the nonprofit. The higher this is, the more a nonprofit spends on its CEO salary over other mission-related expenses.

    Average value across nonprofits

    6.21%

  • Management Compensation as a % of Expenses
    1.01%
    20/20

    Management Compensation as a % of Expenses

    This is calculated as the sum of management’s salary divided by the total expenses of the nonprofit. The higher this is, the more a nonprofit spends on its management over other mission-related expenses.

    Average value across nonprofits

    8.17%

  • Top 10 Salaries as a % of Expenses
    1.52%
    20/20

    Top 10 Salaries as a % of Expenses

    This is calculated as the sum of the 10 highest salaries divided by the total expenses of the nonprofit. The higher this is, the more a nonprofit spends on a few core members over other mission-related expenses.

    Average value across nonprofits

    10.21%

Transparency

This score represents how transaparent a nonprofit is within it's financial statements and through its policies.

84 /100
    Score
  • No Material Diversion or Misuse Of Assets

    Yes

    10/10

    No Material Diversion or Misuse Of Assets

    This represents if a given nonprofit has any unauthorized conversion or use of the organization’s assets other than for the nonprofit’s authorized use. This can include embezzlement or theft.

    How many nonprofits have this

    99.93%

  • No Loans to Related Parties

    Yes

    10/10
  • Has Audit Committee

    Yes

    8/8

    Has Audit Committee

    This represents if a given nonprofit has a dedicated internal audit committee to ensure the integrity and compliance of a given nonprofit.

    How many nonprofits have this

    45.62%

  • Takes Board Meeting Minutes

    Yes

    8/8

    Takes Board Meeting Minutes

    This represents if a given nonprofit documents board meeting minutes to ensure full transparency and record retention of the nonprofit’s process.

    How many nonprofits have this

    94.64%

  • Takes Committee Meeting Minutes

    Yes

    8/8

    Takes Committee Meeting Minutes

    This represents if a given nonprofit documents committee meeting minutes to ensure full transparency and record retention of the nonprofit’s process.

    How many nonprofits have this

    85.52%

  • Is Accountant Reviewed

    No

    0/8

    Is Accountant Reviewed

    This represents if the nonprofit has had an accountant compile or review its financial statements.

    How many nonprofits have this

    11.09%

  • Distributes the 990 to Board

    Yes

    8/8

    Distributes the 990 to Board

    This represents if the nonprofit distributes a copy of the 990 to its board before filing. This is considered good as it allows the board to review the filing before it becomes publicly available

    How many nonprofits have this

    72.77%

  • Has Audited Statements

    Yes

    8/8

    Has Audited Statements

    This represents if the nonprofit has its financials audited and validated by an independent party. This ensures that the financial statements provide accurate information.

    How many nonprofits have this

    45.70%

  • Has Official Conflict of Interest Policy

    Yes

    8/8

    Has Official Conflict of Interest Policy

    This represents if the nonprofit has an official conflict of interest policy documented. Not having such a policy can lead to conflicts of interest where private interests may go above the interests of the nonprofit.

    How many nonprofits have this

    68.68%

  • Has Whistleblower Policy

    Yes

    8/8

    Has Whistleblower Policy

    This represents if the nonprofit has an official whistleblower policy documented. A whistleblower policy shows the nonprofit has a way for employees to report any general or financial mismanagement without repercussion.

    How many nonprofits have this

    49.24%

  • Has Written Procedures Policy

    No

    0/8

    Has Written Procedures Policy

    This represents if the nonprofit has a written procedures policy. This provides a reference for staff, volunteers, and the board to ensure that the nonprofit operates honestly and effectively.

    How many nonprofits have this

    1.21%

  • Has Document Retention Policy

    Yes

    8/8

    Has Document Retention Policy

    This represents if the nonprofit has a written record retention policy for archiving documents. Ensuring good historical document archives ensures the nonprofit’s historical data is accurate and useful to the public.

    How many nonprofits have this

    52.24%

Revenue Breakdown

This is a breakdown of the companies revenue.

Category Amount Percent
Contributions, Gifts, and Grants 58.69 million 82.41%
Federated Campaigns 0 0.00%
Membership Dues 0 0.00%
Fundraising 0 0.00%
Government Grants 0 0.00%
Related Organizations 0 0.00%
Other 58.69 million 100.00%
Program Services 846.2 thousand 1.19%
Investment Income 6.298 million 8.84%
Sales of Non-Inventory Assets 5.383 million 7.56%
Other Notable Sources 0 0.00%
Royalty Revenue 0 NaN%
Rental Income 0 NaN%
Income from Gaming 0 NaN%
Bond Proceeds 0 NaN%
Fundraising Events (Non CCG) 0 NaN%
Other 0 NaN%
Total Revenue 71.21 million 100.00%

Expenses Breakdown

This is a breakdown of the companies revenue.

Expenses by Functional Area

Category Amount Percent
Program Services 62.98 million 92.60%
Management and Administrative 4.011 million 5.90%
Fundraising 1.019 million 1.50%
Total Expenses 68.01 million 100.00%

Expenses by Specific Category

Category Amount Percent
Salary and Other Compensation 56.63 million 83.27%
Grants Paid 0 0.00%
Benefits Paid Members 2.661 million 3.91%
Fundraising Fees 0 0.00%
Fundraising Expenses 1.019 million 1.50%
Other Expenses 8.719 million 12.82%
Total Expenses 68.01 million 100.00%

Employees by Salary

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JEFFERSON SCHOLARS FOUNDATION

EIN: 31-1755873

The jefferson scholars foundation (foundation) provides academic merit-based scholarship, fellowship and professorship support to students and faculty at the university of virginia (uva).

Specialization

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THE GOLDEN L E A F LONG-TERM ECONOMIC ADVANCEMENT FOUNDATION IN

EIN: 52-2204473

See part iii, line 1

Specialization

Public Foundations

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TIDES FOUNDATION

EIN: 51-0198509

Grantmaking through funds to accelerate the pace of social change.

Specialization

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UNIVERSITY OF NORTH TEXAS FOUNDATION INC

EIN: 23-7232618

The university of north texas foundation, inc. serves as unt's strategic partner in managing and growing private assets for support of the university's mission. untf's continuity, flexibility, and creative solutions contribute to fully realizing unt's potential.

Specialization

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CHARITIES AID FOUNDATION AMERICA

EIN: 43-1634280

Caf america is a global grantmaking organization assisting corporations, foundations, individuals, and foreign charitable organizations. (continued on schedule o)

Specialization

Public Foundations

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SOUTH DAKOTA COMMUNITY FOUNDATION

EIN: 46-0398115

Receive and administer gifts for charitable, religious, educational, scientific, and literary purposes, primarily for the benefit of south dakotans.

Specialization

Public Foundations

Similar Size

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PERKINS SCHOOL FOR THE BLIND

EIN: 04-2103616

Perkins school for the blind provides education and services for children and adults around the world who are blind, deaf-blind or visually impaired.

Net Assets

351.3 million

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THE YOUNG MENS CHRISTIAN ASSOCIATION OF GREATER SEATTLE

EIN: 91-0482710

The ymca is for youth development, healthy living, and social responsibility.

Net Assets

187.6 million

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GRAND CANYON UNIVERSITY

EIN: 47-2507725

Gcu is a premier christian university, educating people to lead and serve by providing post-secondary education services on its traditional arizona campus as well as online

Net Assets

387.7 million

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WOUNDED WARRIOR PROJECT INC

EIN: 20-2370934

The mission of wounded warrior project (wwp) is to honor and empower wounded warriors.

Net Assets

308.8 million

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ARMY EMERGENCY RELIEF

EIN: 53-0196552

Army emergency relief (aer) provides emergency financial assistance to active or retired soldiers and their dependents. see schedule o.

Net Assets

340.5 million

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METHODIST CHILDRENS HOME

EIN: 74-1109750

Methodist children's home equips children, youth and families to flourish by offering hope through christian-centered relationships, services, and support.

Net Assets

530.8 million

Similar MIP Score

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ORDWAY CENTER FOR THE PERFORMING ARTS

EIN: 41-1428998

The ordway's mission is to be a community magnet that attracts artists and audiences, creating unforgettable shared experiences.

MIP Score

80

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UNITED CEREBRAL PALSY HEARTLAND

EIN: 44-0579903

United cerebral palsy heartland's mission is to provide the highest quality of programs, services, and support, while advancing the independence, productivity, and full citizenship of individuals with disabilities.

MIP Score

81

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INTERNATIONAL AGRI-CENTER

EIN: 94-2381416

Promote agricultural education

MIP Score

79

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NEBRASKA ORGAN RECOVERY SYSTEM

EIN: 47-0597541

To heal and connect through organ and tissue donation.

MIP Score

77

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YOUNG MENS CHRISTIAN ASSOCIATION OF METROPOLITAN LOS ANGELES

EIN: 95-1644052

The ymca of metropolitan los angeles' mission is to put judeo-christian principles into practice through programs that build healthy spirit, mind and body for all.

MIP Score

81

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SUNNYVALE COMMUNITY SERVICES

EIN: 94-1713897

To administer and coordinate services for low income individuals, families, elders and disabled.

MIP Score

77