Miami Lakes Town Foundation Inc
Nonprofit profile at a glance
- EIN
- 861096739
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990 2012, Form 990-EZ 2024, Form 990-N 2018
- Location
- Miami Lakes, FL, USA
- Phone
- 3053646100
- Rating
- 38
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $102,361
- Expenses
- $98,139
- Assets
- $51,116
- Liabilities
- $53
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- EDWARD PIDERMANN (PRESIDENT)
People named in this filing
- EDWARD PIDERMANN (PRESIDENT)
- GINA INGUANZO (SECRETARY)
- FRED SENRA (DIRECTOR)
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
To encourage, foster and conduct programs for the continuing education and literacy education of members of the community as well as to conduct and develop other programs within the community related to youth projects, beautification projects, and other cultural events for the benefit of the community and its citizens.
What it reported doing in 2024
Fostered the miami lakes library and have provided grants to schools to enhance and finance education programs.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- 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
REVIEW - 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: 0
- Transparency & Controls: 82
- Sustainability: 46
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 4.1%; rating input score 45; 45th percentile among comparable filings
- Total-asset coverage ratio: 0.52; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 51; 51st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 11.7% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 7% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: 9 filed related-organization links
- 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 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- Moderate — Sustainability: Operating margin scored 45/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- Review — Sustainability: Liabilities to assets ratio scored 51/100.