First Serve Miami Inc

Nonprofit profile at a glance

EIN
591603794
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Miami, FL, USA
Phone
3053656346
Rating
86
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$409,165
Expenses
$507,220
Assets
$325,112
Liabilities
$71,357

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

Leadership & pay

14 people listed

Executive titles in this filing

  • EDWARD G RUBINOFF (PRESIDENT EM)

Highest reported compensation

  • ANJENETTE L RIVERA (EXECUTIVE DI): $36,000 total reported compensation

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

Overview

Mission

The organizations purpose is to serve individuals who express an interest in learning tennis through a variety of development programs including after school tennis programs, instructional programs and excellence development programs.a variety of development programs including after school tennis programs, instructional programs and excellence development programs.

What it reported doing in 2024

During the 2024-2025 operating and program year, we effectively and successfully engaged and served over 1,000 youth participants, ages 5 to 17, and: provided tennis, academic, and life enrichment programs delivered tennis instruction, life skills training, academic support, and other enrichment opportunities to youth across 20+ underserved community parks throughout miami-dade and broward counties. Operated our adopt-a-player program supported young athletes from elementary through high school with the goal of securing full or partial college scholarships through tennis and academic achievement. Expanded free skills development programs continued to grow our portfolio of free skill-building initiatives, including one-on-one mentoring, to meet the evolving needs of youth in south Florida. Maintained efficient financial management operated with administrative expenses below 10% through careful financial planning and operational efficiency. Maintained a strong board of directors benefited from a dedicated and committed board of directors who generously gave their time to support our mission. Cultivated strategic partnerships and community engagement developed and sustained strong collaborations with key partners, including miami-dade county public schools, atp and wta professional tennis players, local municipalities, and the miami open. Were recognized and supported by key funders gratefully received financial and technical support from a broad range of respected organizations and individuals, including: united states tennis association (usta), usta foundation, the children's trust, international tennis hall of fame, the garner foundation, mr. Jeffrey binder, the medina family foundation, larry smith charitable trust, the miami open, williams island association (formerly fred stolle cup), herman abbott family foundation, newslink of miami, llc, the mariner foundation, anthony r. Abraham foundation, synovus bank, leylah fernandez family foundation, miami heat, and the joseph & sherrie garfield charitable foundation.

Operating model

Revenue model
Donor-supported. 78% 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

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

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 20
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.7%; rating input score 92
  • Program expense ratio: 73.8%; rating input score 74
  • Fundraising efficiency: $21.34 raised per $1 spent on fundraising; rating input score 59; 59th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • 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 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -24%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 0.64; rating input score 30; 30th percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 7.1%; rating input score 31; 31st percentile among comparable filings

Growth

  • Program expense growth: 14.9% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: 12.9% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 21.4% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 91.7% of revenue deployed · 73.8% of spending went to programs
  • Governance: 13 of 13 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $374K in reported program spending
  • Leadership: top reported pay $36K · 14 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 10 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Sustainability: Operating margin scored 12/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 59/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.
  • Moderate — Sustainability: Officer compensation ratio scored 31/100.