DR MARTIN LUTHER KING JR PARADE & FESTIVITIES COMMITTEE INC

EIN: 592481519 501(c)(3)

Miami, FL

Total Revenue
$339,865
Total Expenses
$291,212
Total Assets
$101,585
Net Assets
$101,585
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Phone
3056062995
Tax Period
2023-05-01 to 2024-04-30

DR MARTIN LUTHER KING JR PARADE & FESTIVITIES COMMITTEE INC is a small nonprofit that reported $340K in total revenue in fiscal year 2023. Expenses of $291K left a modest 14% surplus.

Mission

MLK PARADE AND FESTIVAL SERVES OVER 500,000 PEOPLE ANNUALLY AND HONORS THE MEMORY OF DR. MARTIN LUTHER KING JR.

Program Service Accomplishments

Program 1
Expenses: $79,940 Revenue: $101,585

The organization presents the nations oldest 46 years largest 500000 in attendance during the day long events MLK holiday parade and festival that commemorates the civil rights icons legacy It...

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The organization presents the nations oldest 46 years largest 500000 in attendance during the day long events MLK holiday parade and festival that commemorates the civil rights icons legacy It promotes all human value and potential as a means to eliminate poverty racism and violence Beginning in Liberty City and ending at MLK Park the event spotlights a diverse culture and features arts programming entertainment and culinary experiences that honor promote and unify civic pride and engenders commitment to cultural education growth and development In addition throughout the year the organization provides economic educational seminars for teens community outreach to seniors scholarships and various cultural enrichment programs

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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 (2023)

Revenue Breakdown

Contributions & Grants $307,185
Program Service Revenue $32,680
Investment Income $0
Other Revenue $0
TOTAL REVENUE $339,865

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $207,331
Program Expenses $79,940
Other Expenses $291,212
TOTAL EXPENSES $291,212

Year-over-Year Comparison

2023 2022 Change
Revenue $339,865 $323,842 +0.0%
Expenses $291,212 $297,124 0.0%
Net Income $48,653 $26,718 +0.8%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
50

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LADI JENKINS PRESIDENT 6
$0 $0 $0
TIMOTHY BOSTIC JR VP OPERATIONS DIRECTOR 1
$0 $0 $0
ED HAYNES VP DEVELOPMENT DIRECTOR 3.10
$0 $0 $0
DR CANDYCE HAYNES VP COMMUNICATION DIRECTOR 2.40
$0 $0 $0
CHARLYNE STRACHAN ADMIN ASST/EVENT DIRECTOR 1
$0 $0 $0
DENISE STEWART SEC. LINEUP DIRECTOR 1
$0 $0 $0
CHERYAL FRASIER -WHITE PARADE VENDOR DIRECTOR 1.10
$0 $0 $0
NANDY AUGUSTIN DIRECTOR 1
$0 $0 $0
VONCAROL KITCHEN PLANNING PERMITS/REGISTRATION SPECIFICATION DIRECTOR 1.20
$0 $0 $0
MARLON KELLY PARADE &FESTIVITIES DIRECTOR 3
$0 $0 $0
CARMEN GLASS TRANSPORTATION/REGISTRATION COORDINATORDIRECTOR 1
$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 No data No data No data No data
2024 $339,865 $291,212 $101,585 $48,653
2023 $323,842 $297,124 $85,938 $26,718
2022 $306,350 $329,758 $56,895 $-23,408
2021 $222,471 $202,754 $80,305 $19,717
2019 $98,346 $83,792 $64,233 $14,554
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