Miami Central Rockets Alumni Association Inc

Nonprofit profile at a glance

EIN
208733545
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024, Form 990-N 2021
Location
Miami Shores, FL, USA
Phone
7865194924
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Reported finances

Revenue
$64,518
Expenses
$85,819
Assets
$52,523
Liabilities
$0

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

Leadership & pay

4 people listed

Executive titles in this filing

  • Errol Bryant (President)
  • Chandra Burse (Vice President)

People named in this filing

  • Errol Bryant (President)
  • Chandra Burse (Vice President)
  • Tra'Donn Glover (Treasurer)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the MCRAA of Miami-Dade County, Miami, FL is to serve as a support group for Miami Central Senior High School within the guidelines of the Miami-Dade Public Schools. This purpose may be achieved through the promotion of four core initiatives: (1) The gift of time and talent of the MCRAA members to the school for various programs benefiting the students. (2) The MCRAA will provide for financial assistance for the Scholarship and Laptop Initiative for graduates meeting the criteria. (3) The contribution of opinions and ideas to the school's administration based on the schools strategic plans. (4) The creation of activities for camaraderie amongst the alumni body with the goal of involving the alumni in long-term loyalty and dedication to the Miami Central Senior High School and its programs.

What it reported doing in 2024

In 2024, MCRAA had 224 paid members, yet, through our program we assisted hundreds more. Through membership dues and fundraising efforts, we were able to provide 41 laptops and 24 college scholarships to MCHS students and gifted over $10,000 to the school to support its programs and events and to local community nonprofits. We also held events aimed at building our membership and supporting MCHS events. Our signature event, The Alumni Experience, which is a picnic held at the Arcola Lake Park, which is near MCHS, was attended by hundreds fellow Miami Central Alumni from classes from the 1960s all the way to the 2000s. Approximately 30% of the attendees, were from out of town, bringing valuable tourism dollars into Miami-Dade County. Other events included the Commissioner's Cup, the annual football game and tailgate party that celebrates the decades old friendly football rivalry between MCHS and Miami Northwestern Senior High School. In addition to these, we held a Breast Cancer Walk...

Operating model

Revenue model
Donor-supported. 60% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 63% for direct work, and 37% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 33
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -33%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 0.61; rating input score 34; 34th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 56.4% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: -52.3% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -33.7% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $86K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • 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 — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 17/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.