Endeavor Miami Inc

Nonprofit profile at a glance

EIN
463605872
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Miami, FL, USA
Phone
7869537541
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Urban, Community Economic Development

Official website

Reported finances

Revenue
$1,939,183
Expenses
$2,284,052
Assets
$1,433,686
Liabilities
$209,255

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

18 people listed

Highest reported compensation

  • CLAUDIA DURAN (MANAGING DIRECTOR): $362,958 total reported compensation
  • VICTOR XAVIER (DIRECTOR, ENTREPRENEUR EXPERIENCE): $151,104 total reported compensation
  • GABRIELLA TRIGUEROS (DIRECTOR OF COMMUNICATIONS AND PUBLIC AFFAIRS): $141,678 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Endeavor miami inc's mission is to lead the movement to catalyze long-term economic growth by selecting, mentoring, and accelerating the best high impact entrepreneurs in the south Florida region. High-impact entrepreneurs are individuals who show tremendous entrepreneurial and leadership potential, can build high-growth businesses with significant job-creating opportunities and exhibit commitment to the development of their local community, which becomes a key-driver of economic growth. Endeavor was founded on the belief that job creation, innovation, and overall prosperity flourish where there is robust support for high-impact entrepreneurs. Endeavor miami provides resources that are not otherwise available in order to select high-impact entrepreneurs, so that they are able to scale their businesses, increase employment opportunities and provide a basis for sustained economic growth in south Florida.

What it reported doing in 2024

During 2024, endeavor miami reviewed close to 72 candidate entrepreneurs, coordinated mentors to conduct second-opinion reviews with 13 companies, prepared 5 companies that presented at local selection panels and supported 3 companies to present at international selection panels. This resulted in 2 companies being selected as endeavor entrepreneurs in 2024.endeavor miami supported 40 active companies, led by 67 endeavor entrepreneurs. These entrepreneurs generated $983,807,511 ($983m+) in revenue, and over 6,000 jobs during 2024.also, through our accelerator programs, endeavor lab and scaleup program we have supported 220 companies generating $111.5m+ in revenues, and have generated over 1,000 jobs, since the program inception.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 74
  • Accountability: 95
  • Sustainability: 19
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.6%; rating input score 82
  • Program expense ratio: 69.1%; rating input score 69
  • Fundraising efficiency: $7.93 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -17.8%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0.63; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 0.15; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 34%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 11.3% per year; rating input score 100; 67th percentile among comparable filings
  • Revenue growth: 8.1% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 7.4% per year; rating input score 100; 49th percentile among comparable filings

Details

  • Where the money goes: 81.6% of revenue deployed · 69.1% of spending went to programs
  • Governance: 12 of 12 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.6M in reported program spending
  • Leadership: top reported pay $363K · 18 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
  • High — Sustainability: Operating margin scored 11/100.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 37/100.