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 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 HAS BEEN EMPOWERING THE CREATIVE ECOSYSTEM FOR 40+ YEARS WITH CURATED INNOVATIONS AND TAILORED PROGRAMMING THAT LEVERAGES AND STRENGTHEN 500+ ARTS ORGANIZATIONS AND THOUSANDS OF ARTISTS, ARTS PROFESSIONALS AND CREATIVE ENTREPRENEURS.

Program Service Accomplishments

Program 1
Expenses: $431,384 Revenue: $50,708

THE ARTS & BUSINESS COUNCIL LEADS THE MOVEMENT TO BUILD A SUSTAINABLE CULTURAL ECOSYSTEM THROUGH ADVANCING HIGH-IMPACT PARTNERSHIPS, OUTREACH AND NETWORKING OPPORTUNITIES BETWEEN BUSINESSES...

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THE ARTS & BUSINESS COUNCIL LEADS THE MOVEMENT TO BUILD A SUSTAINABLE CULTURAL ECOSYSTEM THROUGH ADVANCING HIGH-IMPACT PARTNERSHIPS, OUTREACH AND NETWORKING OPPORTUNITIES BETWEEN BUSINESSES, ENTREPRENEURS AND THE ARTS. FOR OVER 40 YEARS, THE ARTS & BUSINESS COUNCIL HAS PLAYED A LEADING ROLE DEVELOPING PROGRAMS THAT ASSIST OVER 500 ARTS GROUPS THROUGH EXECUTIVE CONSULTANCIES, LEADERSHIP TRAINING, AUDIENCE DEVELOPMENT, WORKSHOPS, FORUMS, CURATED OUTREACH AND NETWORKING. PROGRAM SERVICE ACCOMPLISHMENTS: HOSPITALITY TO SHOWCASE ARTS AND HOSPITALITY PARTNERSHIPS.

Program 2
Expenses: $96,548

VOLUNTEER LAWYERS FOR THE ARTS SERVES ARTISTS AND CREATIVES WITH ONGOING PRO-BONO SERVICES. PATENT PROBONO FL PROVIDES LEGAL CONSULTATIONS AND PRO-BONO SERVICES FOR LOW INCOME INVENTORS, ARTISTS AND...

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VOLUNTEER LAWYERS FOR THE ARTS SERVES ARTISTS AND CREATIVES WITH ONGOING PRO-BONO SERVICES. PATENT PROBONO FL PROVIDES LEGAL CONSULTATIONS AND PRO-BONO SERVICES FOR LOW INCOME INVENTORS, ARTISTS AND ENTREPRENEURS IN FLORIDA & PUERTO RICO. IN 2024-2025 OUR LEGAL SERVICES INCLUDED MATCHING LOW INCOME ARTISTS AND INVENTORS WITH ATTORNEYS FOR PRO BONO SERVICES IN CONJUNCTION WITH DADE LEGAL AID. PROGRAM SERVICE ACCOMPLISHMENTS: CONSULTATIONS. WE WILL CONTINUE TO PARTNER WITH THE UNITED STATES PATENT & TRADE OFFICE FOR PATENT PRO BONO FL.

Program 3
Expenses: $418

MIAMI ARTS MARKETING PROJECT (MAMP) IS A COMPREHENSIVE PROGRAM TO BUILD ARTS AUDIENCES WITH INCREASED MEDIA, TRAINING CURATED FOR ARTS MARKETING AND VISIBILITY AND OUTREACH. MAMP PROVIDES HIGH...

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MIAMI ARTS MARKETING PROJECT (MAMP) IS A COMPREHENSIVE PROGRAM TO BUILD ARTS AUDIENCES WITH INCREASED MEDIA, TRAINING CURATED FOR ARTS MARKETING AND VISIBILITY AND OUTREACH. MAMP PROVIDES HIGH QUALITY TRAINING TO HELP ARTS GROUPS BUILD NEW PARTNERSHIPS AND INCREASE AUDIENCES.

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Trantor Score

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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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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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