THE HERALD CHARITIES INC

EIN: 596138383 501(c)(3)

MIAMI, FL

Total Revenue
$404,562
Total Expenses
$589,279
Total Assets
$2,255,918
Net Assets
$2,228,764
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
FL
Principal Officer
BOB MCFARLIN
Phone
3053762525
Tax Period
2023-10-01 to 2024-09-30

THE HERALD CHARITIES INC, founded in 1977, is a small nonprofit that reported $405K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $589K exceeded revenue, resulting in a 46% operating deficit.

Mission

HERALD CHARITIES IS PRIMARILY INVOLVED IN THE ACCUMULATION OF FUNDS FOR CHARITABLE AND BENEVOLENT PURPOSES FOR THE AID OF THE NEEDY OR WORTHY INDIVIDUALS AND NOT FOR PROFIT ORGANIZATIONS.

Program Service Accomplishments

Program 1
Expenses: $329,604

HOLIDAY WISHBOOK PROGRAM: THE ORGANIZATION OPERATES UNDER THE HOLIDAY WISHBOOK PROGRAM, WHEREBY READERS OF THE MIAMI HERALD AND EL NUEVO HERALD ARE SOLICITED TO DONATE FUNDS FOR THE BENEFIT OF THE...

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HOLIDAY WISHBOOK PROGRAM: THE ORGANIZATION OPERATES UNDER THE HOLIDAY WISHBOOK PROGRAM, WHEREBY READERS OF THE MIAMI HERALD AND EL NUEVO HERALD ARE SOLICITED TO DONATE FUNDS FOR THE BENEFIT OF THE NEEDY INDIVIDUALS WHO ARE PROFILED IN THE NEWSPAPERS. THE HERALD CHARITIES, INC. PROFILES NEEDY PEOPLE IN THE MIAMI HERALD MEDIA COMPANY'S NEWSPAPER DURING THE THANKSGIVING AND CHRISTMAS HOLIDAYS. SINCE ITS FOUNDING MORE THAN 100 YEARS AGO, THE MIAMI HERALD HAS CHAMPIONED THE NEEDS OF THE LESS FORTUNATE IN THE SOUTH FLORIDA COMMUNITY. IN 1952, THE MIAMI HERALD LEND-A-HAND FUND WAS INCORPORATED TO FORMALIZE THESE EFFORTS. IN DECEMBER 1982, THE MIAMI HERALD PUBLISHED ITS FIRST WISH BOOK IN AN EFFORT TO SPOTLIGHT NEEDY INDIVIDUALS IN SOUTH FLORIDA. THE MIAMI HERALD CHARITIES WAS OFFICIALLY FOUNDED IN 1995 TO OFFER READERS AN OPPORTUNITY TO MAKE A DIFFERENCE IN A NEIGHBOR'S LIFE. SINCE THEN, THE MIAMI HERALD READERS, TOGETHER WITH SPANISH-LANGUAGE READERS OF EL NUEVO HERALD, HAVE CONTRIBUTED SEVERAL MILLION DOLLARS TO ASSIST SOME OF THE NEEDIEST PEOPLE IN OUR COMMUNITY. WISHES RANGED FROM FOOD, CLOTHING, AND TOYS FOR THE HOLIDAYS TO MORE DESPERATELY NEEDED ITEMS SUCH AS MEDICAL SERVICES, WHEELCHAIRS, HOUSING AND HOME REPAIRS, FURNITURE AND DENTAL WORK. IN EARLY OCTOBER MORE THAN 600 NON-PROFIT SOCIAL SERVICE AGENCIES IN SOUTH FLORIDA WERE CONTACTED TO NOMINATE CLIENTS FOR THE WISH BOOK PROGRAM. SPECIFICALLY, WISH BOOK CANDIDATES ARE CLIENTS FOR WHOM THE AGENCIES HAVE ALREADY EXPENDED AVAILABLE FUNDING, BUT WHOSE NEEDS GO BEYOND THE AGENCY'S RESOURCES. THE NOMINEES ARE SCREENED BY THE WISH BOOK TEAM AND THE MIAMI HERALD REPORTERS WORK DILIGENTLY TO PROFILE AS MANY CASES AS POSSIBLE EVERY HOLIDAY SEASON, RUNNING FROM THANKSGIVING DAY THROUGH THE FIRST WEEK OF THE NEW YEAR. CURENTLY PLANS ARE UNDERWAY FOR ANOTHER SUCCESSFUL SEASON.

Program 2
Expenses: $105,000

SILVER KNIGHT AWARDS: THE ORGANIZATION ALSO SPONSORS THE SILVER KNIGHT AWARDS, WHICH HONOR OUSTANDING SCHOLASTIC ACCHIEVEMENT AND COMMUNITY SERVICE OF HIGH SCHOOL STUDENTS IN MIAMI-DADE AND BROWARD...

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SILVER KNIGHT AWARDS: THE ORGANIZATION ALSO SPONSORS THE SILVER KNIGHT AWARDS, WHICH HONOR OUSTANDING SCHOLASTIC ACCHIEVEMENT AND COMMUNITY SERVICE OF HIGH SCHOOL STUDENTS IN MIAMI-DADE AND BROWARD COUNTIES.

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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 $404,518
Program Service Revenue $0
Investment Income $44
Other Revenue $0
TOTAL REVENUE $404,562

Expense Breakdown

Grants Paid $434,530
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $434,604
Other Expenses $154,749
TOTAL EXPENSES $589,279

Year-over-Year Comparison

2023 2022 Change
Revenue $404,562 $511,310 -0.2%
Expenses $589,279 $602,608 0.0%
Net Income $-184,717 $-91,298 +1.0%
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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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
7

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
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY ANCRUM - RETIRED 122023 BOARD MEMBER N/A
Director
$0 $0 $0
TANYA CHRISTIE BENNETT SECRETARY/TR 1.00
Officer Director
$0 $0 $0
RAYMOND DUENAS BOARD MEMBER 1.00
Director
$0 $0 $0
RICK HIRSCH BOARD MEMBER N/A
Director
$0 $0 $0
DENISE MARTINEZ BOARD MEMBER 1.00
Director
$0 $0 $0
BOB MCFARLIN PRESIDENT 1.00
Officer Director
$0 $0 $0
ALEX MENA BOARD MEMBER 1.00
Director
$0 $0 $0
NANCY MEYER PRESIDENT 12 N/A
Officer Director
$0 $0 $0
MONICA RICHARDSON BOARD MEMBER N/A
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
2024 $404,562 $589,279 $2,255,918 $-184,717
2023 $511,310 $602,608 $2,073,376 $-91,298
2022 $477,092 $637,336 $2,136,490 $-160,244
2021 $718,556 $506,273 $2,418,328 $212,283
2020 $488,077 $463,374 $2,098,879 $24,703
2019 $470,640 $515,459 $2,000,003 $-44,819
2018 $2,099,663 $454,477 $2,007,237 $1,645,186
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