ARTS & BUSINESS COUNCIL OF MIAMI INC

EIN: 592593330 501(c)(3) Arts, Culture & Humanities

MIAMI, FL

Total Revenue
$438,365
Total Expenses
$574,292
Total Assets
$513,467
Net Assets
$513,467
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
FL
Principal Officer
MEREDETH MCKISSISK
Phone
3053261021
Tax Period
2024-07-01 to 2025-06-30

ARTS & BUSINESS COUNCIL OF MIAMI INC, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $438K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $574K exceeded revenue, resulting in a 31% operating deficit.

Mission

THE ARTS & BUSINESS COUNCIL OF MIAMI (ABC) IS LEADING THE MOVEMENT TO BUILD A SUSTAINABLE CREATIVE ECOSYSTEM THROUGH ADVANCING HIGH-IMPACT PARTNERSHIPS BETWEEN BUSINESS, ENTREPRENEURS AND THE ARTS. AS MIAMI'S ONLY ORGANIZATION THAT LEVERAGES THE ARTS FOR ECONOMIC VITALITY, ABC PROVIDES MEANINGFUL ENGAGEMENT OPPORTUNITIES WITH THE CREATIVE COMMUNITY TO INSPIRE EMPLOYEES, STIMULATE INNOVATION AND FOSTER CREATIVITY. FOR OVER 40 YEARS, ARTS BIZ HAS PLAYED A LEADING ROLE DEVELOPING PROGRAMS THAT BRING TOGETHER BUSINESS AND ARTS FOR EFFECTIVE AND MUTUALLY BENEFICIAL OUTCOMES. WE ASSIST OVER 500 ARTS GROUPS, ARTISTS AND CREATIVES THROUGH EXECUTIVE CONSULTANCIES, LEADERSHIPS TRAINING, AUDIENCE DEVELOPMENT, WORKSHOPS, FORUMS, CURATED OUTREACH AND NETWORKING EVENTS. OUR SUPERPOWER IS INSPIRING AND STIMULATING THE CREATIVE AND INNOVATION ECONOMY.

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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 $373,179
Program Service Revenue $50,708
Investment Income $14,478
Other Revenue $0
TOTAL REVENUE $438,365

Expense Breakdown

Grants Paid $0
Salaries & Benefits $293,582
Fundraising Expenses $0
Program Expenses $528,350
Other Expenses $280,710
TOTAL EXPENSES $574,292

Year-over-Year Comparison

2024 2023 Change
Revenue $438,365 $726,896 -0.4%
Expenses $574,292 $703,240 -0.2%
Net Income $-135,927 $23,656 -6.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
15
Employees
5
Volunteers
10

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
5
$140,000
Total Directors
17
$140,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAMELA FUERTES-BERTI CHAIRMAN 2.00
Officer Director
$0 $0 $0
ELIZABETH COPPOLECCHIA SECRETARY 2.00
Officer Director
$0 $0 $0
MATTHEW ANDERSON DIRECTOR 2.00
Director
$0 $0 $0
JOHN COPELAND DIRECTOR 2.00
Director
$0 $0 $0
GINA GENNA DIRECTOR 2.00
Director
$0 $0 $0
MARIA BUDET DIRECTOR 2.00
Director
$0 $0 $0
KYLE LEVERETT DIRECTOR 2.00
Director
$0 $0 $0
JOSE L GONZALEZ DIRECTOR 2.00
Director
$0 $0 $0
JOHN HICKS DIRECTOR 2.00
Director
$0 $0 $0
KIM HILLS DIRECTOR 2.00
Director
$0 $0 $0
ANNETTE MALKIN DIRECTOR 2.00
Director
$0 $0 $0
DALE EDWARDS DIRECTOR 2.00
Director
$0 $0 $0
ALEXANDRA PHIPPS DIRECTOR 2.00
Director
$0 $0 $0
LAURA BRUNEY FOUNDER 40.00
Officer Director
$41,000 $0 $41,000
RENEE PESCI EXECUTIVE DIRECTOR 40.00
Officer Director
$99,000 $0 $99,000
MEREDETH MCKISSISK TREASURER 2.00
Officer Director
$0 $0 $0
BRUCE LEVINE DIRECTOR 2.00
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 $438,365 $574,292 $513,467 $-135,927
2024 $726,896 $703,240 $649,394 $23,656
2023 $765,303 $707,558 $625,238 $57,745
2021 $378,753 $272,906 $584,553 $105,847
2020 $623,903 $604,967 $361,713 $18,936
2019 $374,134 $468,610 $311,077 $-94,476
2018 $289,226 $400,952 $405,553 $-111,726
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