Miami Beach Arts Trust Inc

Nonprofit profile at a glance

EIN
650944084
IRS 990-EZ coverage
2009–2023
Forms available
Form 990-EZ 2023
Location
Miami Beach, FL, USA
Phone
3055352448
Rating
49
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$61,003
Expenses
$64,500
Assets
$36,388
Liabilities
$100

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • HARVEY BURSTEIN (PRESIDENT)

People named in this filing

  • HARVEY BURSTEIN (PRESIDENT)
  • MICHELLE SOLOMON (BOARD MEMBER)
  • BRIDGET ANDRADE (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Purpose is to support & assist the cultural arts council of the city of Miami Beach, in developing coordinating, & promoting performing & visual arts for the enjoyment, education, cultural enrichment & benefits of the residents & visitors to Miami Beach.

What it reported doing in 2023

The primary purpose of this organization is to support

Operating model

Revenue model
Donor-supported. 100% 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

MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 24
  • Transparency & Controls: 82
  • Sustainability: 32
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 23.9%; rating input score 24
  • Program expense ratio: 22.6%; rating input score 23

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -5.7%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 0.56; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 1.6%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: -4.1% per year; rating input score 0; 39th percentile among comparable filings
  • Revenue growth: 1.9% per year; rating input score 100; 61st percentile among comparable filings
  • Asset growth: 19.9% per year; rating input score 100; 85th percentile among comparable filings

Details

  • Where the money goes: 23.9% of revenue deployed · 22.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $15K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 12 filing years from 2009 to 2023
  • 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 — Financial Efficiency: Mission deployment rate scored 24/100.
  • High — Financial Efficiency: Program expense ratio scored 23/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 37/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 34/100.