MIAMI ARTS INC

EIN: 264790539 501(c)(3) Education

Miami, FL

Total Revenue
$13,462,879
Total Expenses
$12,131,342
Total Assets
$32,912,519
Net Assets
$3,186,851
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
FL
Principal Officer
Alfredo de la Rosa
Phone
3057636257
Tax Period
2024-07-01 to 2025-06-30

MIAMI ARTS INC, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $13.5M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $12.1M left a modest 10% surplus.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,203,008
Program Service Revenue $10,712,471
Investment Income $2,745
Other Revenue $544,655
TOTAL REVENUE $13,462,879

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,839,117
Fundraising Expenses $0
Program Expenses $5,885,312
Other Expenses $6,292,225
TOTAL EXPENSES $12,131,342

Year-over-Year Comparison

2024 2023 Change
Revenue $13,462,879 $16,149,384 -0.2%
Expenses $12,131,342 $14,224,855 -0.1%
Net Income $1,331,537 $1,924,529 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
116
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$150,000
Total Directors
3
$0
Key Employees
2
$270,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alfredo de la Rosa Founder and Principal 60
Officer Key Emp Highest
$150,000 $0 $150,000
Carolina Torres Assist Principal for Student Services & Support 45
Key Emp
$120,000 $0 $120,000
Raymond Kimsey Governing Board Chair 0
Director
$0 $0 $0
Pablo Canals Board member 5
Director
$0 $0 $0
Jennifer Kenney Board Member 5
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $13,462,879 $12,131,342 $32,912,519 $1,331,537
2024 $16,149,384 $14,224,855 $32,759,366 $1,924,529
2023 $11,098,969 $10,637,766 $30,527,077 $461,203
2022 $9,936,852 $9,406,442 $31,126,871 $530,410
2021 $9,981,355 $8,666,548 $31,781,012 $1,314,807
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