Nonprofit · EIN 59-2834504
MIAMI BAYSIDE FOUNDATION INC
Tax-exempt (reinstated) · MIAMI, FL 33131
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,258,727 | $1,812,871 | -$554,144 | $10,321,510 | $3,225,030 | $7,096,480 |
| December 31, 2024 | 990 | $2,360,401 | $1,872,495 | $487,906 | $11,576,801 | $4,193,702 | $7,383,099 |
| December 31, 2023 | 990 | $2,311,864 | $1,618,613 | $693,251 | $11,460,074 | $4,776,846 | $6,683,228 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $890,053
- of which government grants
- $432,251
- Program service revenue
- $157,737
- Investment income
- $210,937
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $379,776
- Other salaries and wages
- $577,313
- Salaries, compensation and benefits (total)
- $615,796
- Professional fundraising fees
- $0
- Travel
- $15,740
- Program services (functional)
- $1,658,880
- Management and general (functional)
- $114,201
- Fundraising (functional)
- $39,790
Balance sheet and other
- Total assets, start of year
- $11,576,801
- Total assets, end of year
- $10,321,510
- Total liabilities, end of year
- $3,225,030
- Net assets, end of year
- $7,096,480
- Publicly traded securities
- $3,016,309
- Net assets without donor restrictions
- $6,789,078
- Net assets with donor restrictions
- $307,402
- Gross receipts
- $1,258,727
- Employees
- 7
- Volunteers
- 18
- Year formed
- 1986
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATHLEEN MURPHY | EXECUTIVE DI Officer | 60 | $166,000 | $31,000 |
| ALAN ALVAREZ | DIRECTOR ED Officer | 40 | $60,696 | $3,874 |
| MAURO OLIVIERI | VICE-CHAIR Officer | 1 | $0 | $0 |
| NATHAN KURLAND | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| SONIA CANESSA-GONZALEZ | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| NICOLE EWAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOSIE CORREA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ROLANDO AEDO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MICHELLE BARTON-KING | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BENITO CARMONA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY CAZEAU | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ADAM DUNSHEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LOUIS MCMILLIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BASIL BINNS II | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANDREW GORDON | DIRECTOR Trustee or director | 2 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDGARD NIETO | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATHLEEN MURPHY | EXECUTIVE DI Officer | 60 | $174,500 | $19,500 |
| ALAN ALVAREZ | DIRECTOR ED Officer | 40 | $103,700 | $6,300 |
| NATHAN KURLAND | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| PAMELA WELLER | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SONIA CANESSA-GONZALEZ | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| NICOLE EWAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOSIE CORREA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROLANDO AEDO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELLE BARTON-KING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BENITO CARMONA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY CAZEAU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADAM DUNSHEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LOUIS MCMILLIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BASIL BINNS II | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREW GORDON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EDGARD NIETO | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATHLEEN MURPHY | EXECUTIVE DI Officer | 60 | $190,000 | $3,800 |
| NATHAN KURLAND | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| PAMELA WELLER | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SONIA CANESSA-GONZALEZ | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| NICOLE EWAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOSIE CORREA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ROLANDO AEDO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MICHELLE BARTON-KING | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BENITO CARMONA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY CAZEAU | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ADAM DUNSHEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LOUIS MCMILLIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BASIL BINNS II | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANDREW GORDON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| EDGARD NIETO | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 25 SE 2ND AVE STE 240, MIAMI, FL 33131-1508
- Principal officer (990 for 2025)
- KATHLEEN MURPHY, 25 SE 2ND AVENUE SUITE 240, MIAMI, FL 33131
- Signed the 990
- KATHLEEN MURPHY, EXECUTIVE DIRECTOR
- Phone
- (305) 379-7070
- Return prepared by
- GARCIA SANTA MARIA DE ARMAS TRUJILLO
Mission
TO ADVANCE THE ECONOMIC DEVELOPMENT OF SOUTH FLORIDA.
Program accomplishments
- LOAN PROGRAM FOR MINORITY- AND WOMEN-OWNED BUSINESSES IN MIAMI-DADE, BROWARD, AND MONROE COUNTIES. IN 2025, EIGHTEEN LOANS WERE FUNDED IN THE AMOUNT OF 1,677,000. SCHOLARSHIPS FOR MINORITY STUDENTS IN THE CITY OF MIAMI AND GRANTS TO EDUCATIONAL PROGRAMS FOR CHILDREN AND YOUTH IN THE CITY OF MIAMI. IN 2025, 248,823 WAS AWARDED IN GRANTS TO ORGANIZATIONS WORKING WITH CHILDREN AND YOUTH AND 84,203 IN DIRECT SCHOLARSHIPS TO STUDENTS AS WELL AS MORE THAN 250,000 IN SCHOLARSHIPS THROUGH OTHER PROGRAMS AT COLLEGES AND UNIVERSITIES. TECHNICAL ASSISTANCE PROGRAMS FOR MINORITY- AND WOMEN-OWNED BUSINESSES IN MIAMI-DADE, BROWARD, AND MONROE COUNTIES. IN 2025, HELD 481 HOURS OF TECHNICAL ASSISTANCE PROGRAMMING, GRADUATING 214 BUSINESS OWNERS WITH 221,600 IN GRANTS TO HELP THE BUSINESSES IMPLEMENT ASSESSED CHANGES.Expenses $1,279,104 · revenue $157,737
- SCHOLARSHIPS FOR MINORITY STUDENTS IN THE CITY OF MIAMI AND GRANTS TO EDUCATIONAL PROGRAMS FOR MINORITY CHILDREN IN THE CITY OF MIAMI.Expenses $379,776 · grants $379,776
- TECHNICAL ASSISTANCE PROGRAMS FOR MINORITY- AND WOMEN-OWNED BUSINESSES IN MIAMI-DADE, BROWARD, AND MONROE COUNTIES.
- ADMINISTRATION OF ALL PROGRAM SERVICES AND ACCOMPLISHMENTS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-2834504
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $10,321,510
- Income (IRS master file)
- $1,258,727
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective July 15, 2011
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,258,727 | $1,812,871 | $10,321,510 | XML |
| 990 | December 2024 | $2,360,401 | $1,872,495 | $11,576,801 | XML |
| 990 | December 2023 | $2,311,864 | $1,618,613 | $11,460,074 | XML |
| 990 | December 2022 | $2,648,181 | $1,424,603 | $9,912,605 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-2834504).
Questions about MIAMI BAYSIDE FOUNDATION INC
- What is the EIN of MIAMI BAYSIDE FOUNDATION INC?
- The employer identification number (EIN) of MIAMI BAYSIDE FOUNDATION INC is 59-2834504.
- Is MIAMI BAYSIDE FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective July 15, 2011.
- Are donations to MIAMI BAYSIDE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MIAMI BAYSIDE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MIAMI BAYSIDE FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MIAMI BAYSIDE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MIAMI BAYSIDE FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names KATHLEEN MURPHY.
- Who are the officers and directors of MIAMI BAYSIDE FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 16 people; 2 received compensation from the organization, the highest $166,000 (KATHLEEN MURPHY, EXECUTIVE DI).
- How much revenue does MIAMI BAYSIDE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,258,727, expenses of $1,812,871 and total assets of $10,321,510 at year end.
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