MIAMI-DADE FOUNDATION FOR EDUCATIONAL INNOVATION INC

EIN: 452690728 501(c)(3) Education

MIAMI SPRINGS, FL

Total Revenue
$15,492,228
Total Expenses
$12,250,296
Total Assets
$11,934,488
Net Assets
$8,311,384
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
FL
Principal Officer
MICHAEL BELL
Phone
3058833900
Tax Period
2024-07-01 to 2025-06-30

MIAMI-DADE FOUNDATION FOR EDUCATIONAL INNOVATION INC, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $15.5M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 21% operating margin.

Mission

TO PREPARE OUR STUDENTS TO BE INDEPENDENT MULTILINGUAL CITIZENS IN A GLOBAL SOCIETY

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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 $927,459
Program Service Revenue $14,463,840
Investment Income $89,480
Other Revenue $11,449
TOTAL REVENUE $15,492,228

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,359,391
Fundraising Expenses $0
Program Expenses $10,625,855
Other Expenses $3,890,905
TOTAL EXPENSES $12,250,296

Year-over-Year Comparison

2024 2023 Change
Revenue $15,492,228 $11,321,034 +0.4%
Expenses $12,250,296 $10,728,680 +0.1%
Net Income $3,241,932 $592,354 +4.5%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
171
Volunteers
25

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
3
$182,308
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VERA A HIRSH HEAD OF SCHO 40.00
Officer
$182,308 $0 $182,308
JEANETTE ACEVEDO-ISENBERG DIRECTOR 0.50
Director
$0 $0 $0
CAROL BALLENT SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL BELL PRESIDENT/BO 1.00
Officer Director
$0 $0 $0
FRED JONES DIRECTOR 0.50
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 $15,492,228 $12,250,296 $11,934,488 $3,241,932
2024 $11,321,034 $10,728,680 $9,706,897 $592,354
2023 $11,518,265 $10,056,390 $8,586,584 $1,461,875
2022 $7,788,974 $8,318,424 $5,769,688 $-529,450
2021 $8,870,281 $6,983,861 $4,581,700 $1,886,420
2020 $5,839,306 $5,783,426 $2,838,494 $55,880
2019 $4,864,753 $4,746,260 $1,998,737 $118,493
2018 $4,319,156 $3,961,956 $1,907,502 $357,200
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