Miami Childrens Initiative Inc

Nonprofit profile at a glance

EIN
275025010
IRS 990 coverage
2015–2022
Forms available
Form 990 2022
Location
Miami, FL, USA
Phone
7864885512
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$341,089
Expenses
$1,656,269
Assets
$222,932
Liabilities
$1,178,838

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Latousha Daniels (President CEO)

Highest reported compensation

  • Latousha Daniels (President CEO): $110,434 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission is to create a community-based network that develops coordinates and provides quality education accessible health care youth development programs opportunities for employment and safe neighborhoods for children and families residing in Liberty City.

What it reported doing in 2022

Baby Artsplay! Program- In partnership with Arts for Learning A4L MCI has implemented the Baby Artsplay! Program. A4L is the regional affiliate of the national Wolf Trap Institute for Early Learning Through the Arts. A4L will expand programming to serve teachers and parents of children ages three months to three years. This means the infant toddler classrooms will receive A4L's support as well as parents who have young children who are likely not enrolled in any early learning program. Improving the Quality of Early Care and Education Centers in the Impact Zone- In 2013 MCI launched its Early Care and Education Strategy that impacts the early care and education centers in which the children from the blocks are being placed. The strategy is an investment in the quality of education and care being provided to the children in the centers. Kindergarten Interventionist at Charles R. Drew K-8 Center - In partnership with Charity Services MCI is providing an interventionist to work with kindergarten children on a daily basis from 9:00 a.m. - 12:00 noon. The goal is to ensure children in kindergarten at Charles R. Drew K-8 Center are reading at or above grade level by the end of the school year. Miami Dade College Read to Learn Free Books for children 0-17 years old- Miami Children's Initiative partnered with Miami Dade College to provide Free books to children youth throughout the blocks and in the immediate surrounding blocks and schools. The bookshelf is constantly filled with high quality books that promote a love of reading. Miami Music Project @ Charles R. Drew K-8 Center- Miami Children's Initiative has partnered with Miami Music Project to launch its ESMIA Children's Orchestra at Charles R. Drew K-8 Center. African Heritage Cultural Arts Center- Miami Children's Initiative in partnership with the African American Cultural Arts Center AACAC partnered last summer to provide children on the blocks with a meaningful summer experience. Up2US @ Charles R. Drew Middle School and Miami Northwestern Senior High School- Up2US has committed to a partnership with MCI to provide resources towards two highly trained Coaches. MCI placed the full-time coaches at the Charles R. Drew Middle and Miami Northwestern Senior High School to support after-school programming for students. Up2US coaches are part of the national AmeriCorps program and receive valuable leadership training along with an education award and additional benefits. Parks and Recreation Programs- Miami Children's Initiative in partnership with Olinda Parks Hadley Park and the NFL YET Center partnered last summer to provide children on the blocks with a meaningful summer experience. Parent Leadership Training Institute PLTI - In partnership with Catalyst Miami MCI has implemented PLTI in Liberty City. The program engages parents as partners in their children's education and well-being. FLTI is a civic literacy platform designed to engage entire families across age groups and generations.

Operating model

Revenue model
Grant-funded. 82% of the money available for current operations came from government grants.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

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: 83
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 6
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 71.3%; rating input score 71
  • Fundraising efficiency: $7.99 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -385.6%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0.13; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 5.29; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 6.7%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: -6.6% per year; rating input score 0; 17th percentile among comparable filings
  • Revenue growth: -13.8% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -6.7% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 71.3% of spending went to programs
  • Governance: 7 of 7 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $1.2M in reported program spending
  • Leadership: top reported pay $110K · 8 people listed
  • Consistency: 41 of 43 current checks pass · 2 findings to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 7 filing years from 2015 to 2022
  • 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 32/100.
  • High — Sustainability: Operating margin scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX AllOtherExpenses column sum did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.