NonprofitsMiami Arts Inc

Education

Miami Arts Inc

MIAMI, FL

Total revenue

$16.1M

Total expenses

$14.2M

Net assets

$2.3M

Grants received

$27K

3 grants

EIN

264790539

Tax year

2023

Mission

We strive to be the school where students dare to dream. We promise to make sure no doors for students are ever closed. We value the privilege of our role in shaping the future leaders of tomorrow. Together, we will create an inspiring environment that sparks curiosity in all students while developing intellectually and creatively. Free thought will always be protected so that students may pursue their purpose in the world. We will ensure that students always have a path to success in all that they do because they deserve a life full of choice. Since learning is for life and life is about learning, our wish is for our name always to be synonymous with excellence.

Programs

3 programs

The School's second largest expense for amortization and depreciation significantly contributed to the achievement of its exempt purpose by reflecting the ongoing investment in its facilities and educational resources. This expense encompassed the gradual write-off of costs associated with physical assets, such as buildings, equipment, and technology, which are essential for providing a conducive learning environment. By accounting for the depreciation of these assets, the school ensures that it maintains high-quality infrastructure and resources that support its arts education programs. This careful management of assets not only aids in financial planning but also reinforces the school's commitment to sustaining its educational mission over the long term.

Expenses: $755K

The third category of expenses under management support services played a crucial role in achieving its exempt purpose. This category included salaries and benefits for administrative staff, which ensured effective governance and operational efficiency. Additionally, expenses were allocated for accounting services, legal fees, and compliance-related costs, all of which contributed to maintaining the school's accountability and transparency. By investing in these management support services, the school was able to create a stable and organized environment that supports its educational mission, enabling it to focus on delivering quality arts education and enhancing student outcomes.

Expenses: $204K

Expenses incurred for maintenance and repairs, instructional materials and supplies, dues, fees, software licenses, and utilities were vital in achieving the Miami Arts Charter School's exempt purpose. The allocation of funds for maintenance and repairs ensured that the school's facilities remained safe and conducive to learning, while expenditures on instructional materials and supplies provided essential resources for both teachers and students, enhancing the educational experience. Furthermore, the costs associated with dues, fees, and software licenses facilitated access to necessary educational tools and platforms that support curriculum delivery. Additionally, utility expenses were crucial for the operation of the plant, ensuring a comfortable and functional environment for teaching and learning. Together, these expenditures reflect the school's commitment to maintaining an effective educational infrastructure and delivering quality arts education to its students.

Expenses: $338K

Financials

FY 2023

Revenue

Contributions & grants$2.5M
Program service revenue$13.1M
Investment income$510K
Other revenue
Total revenue$16.1M

Expenses

Grants paid
Salaries & benefits$6.4M
Fundraising
Other expenses$7.8M
Total expenses$14.2M
Total assets$32.8M
Net assets$2.3M

People

6 listed

NameRoleCompensation

Raymond Kimsey

Governing Board Chair

Board

10 hrs/wk

Pablo Canals

Board member

Board

5 hrs/wk

Jennifer Kenney

Board Member

Board

5 hrs/wk

Alfredo de la Rosa

Founder and Principal

Staff

$160K

80 hrs/wk

Christine de la Rosa

Assistant Principal and Director of Education

Staff

$160K

80 hrs/wk

Carolina Torres

Assist Principal for Student Services & Support

Staff

$130K

60 hrs/wk

Grants received

Showing 3 of 3

FromAmountPurposeYear
$5K
General & Unrestricted
2018

Funded by

$27K from 2 funders · 3 grants · 2018–2024

American Online Giving Foundation Inc

$22K · 2 grants · 2023–2024

Details

EIN264790539
NTEE codeB29
Subsection03
Ruling date2013-11
Formed2008
Employees121
Volunteers0
MIAMI ARTS INC — Mission, Financials & Grants Received | Grantivo