Refresh Miami INC EIN 46-0918459

Refresh Miami INC

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Builds South Florida's tech community with events and education. For fiscal year 2024 it reported $420K in revenue, $480K in expenses, and $152K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Miami, FL
Website
refreshmiami.com
Filings
5 on file (2020–2024)
Revenue
$420KFY2024
Expenses
$480K
Net assets
$152K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-0918459 Public charity (501(c)(3)) Miami, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Builds South Florida's tech community with events and education.
Leadership
Maria Derchi · Executive Di · $75K
Money in and out
$420K revenue, $480K expenses
Bottom line
78% program efficiency
Where the money goes · FY2024
Total revenue
$420K
Pt VIII · Ln 12
Total expenses
$480K
Pt IX · Ln 25
Net assets
$152K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$60K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.22
Program efficiency
78%
of spending reaches programs▼ -12% vs prior filing year
Operating runway
3.8mo
months of highly liquid reserves at operating expense rate▼ -25% vs prior filing year
Surplus margin
-14%
revenue over expenses, this year▼ -212% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$420K
FY2024▼ -29%
Expenses
$480K
FY2024▼ -7%
Total assets
$156K
FY2024▼ -30%
Total liabilities
$4K
FY2024▼ -59%
Total revenue
$420K
Pt VIII · Ln 12
Total expenses
$480K
Pt IX · Ln 25
Net assets
$152K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$60K
Total assetsPt X · Ln 16$156K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $373K of program spending, described in the organization's own filed words · FY2024.
01

Educating and training thousands of professionals.

$373Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRefresh Miami INC
EINHdr · item D46-0918459
Principal addressHdr · item CMiami, FL
WebsiteHdr · item Jrefreshmiami.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFAug 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$75,000Pt VII · Sec A
$51,533Pt VII · Sec A
$0Pt VII · Sec A

Maria Derchi’s $75K as Executive Di is at the 67th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Nicole Vazquez$51,533$184,756$9,028
Maria Derchi$75,000$52,787$24,000$19,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$420K
— government grantsLn 1e$247K
Total revenueLn 12$420K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.22
Program services78%$374K
Management & general22%$106K
Total functional expensesLn 25$480K

Balance Sheet

Part X · end of year
CashLn 1$154K
Total assetsLn 16$156K
Total liabilitiesLn 26$4K
Total net assetsLn 32$152K
Months of cash on handcomputed3.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $154K · Operating expenses/yr $480K
3.8 months
Where the money goes
Program services
Program services $374K · Total expenses $480K
78%
Management & General
Management & general $106K · Total expenses $480K
22%
Fundraising
Fundraising $0 · Total expenses $480K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $240K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $420K · Total revenue $420K
100%
Government reliance
Government grants $247K · Total revenue $420K
59%
Earned-income share
Program service revenue $0 · Total revenue $420K
0%
Investment reliance
Investment income $0 · Total revenue $420K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $480K
0%
Growth & trend
Revenue growth (YoY)
This year $420K · Prior year $589K
-29%
Revenue CAGR
FY2020 $78K · FY2024 $420K
+52%
Net-asset trend (YoY)
End of year $152K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $420K · Expenses $480K
-14%
Liabilities-to-Assets
Total liabilities — · Total assets $156K
Net-asset ratio
Net assets $152K · Total assets $156K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $156K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Maria Derchi · Reported title EXECUTIVE DI · Highest reported compensation $75K · Total expenses $480K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $480K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 22%
Fundraising cost ratio 0%
Revenue growth -29%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$14K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$420K revenue · viewing · ⤓ 990 PDF
FY2023$589K revenue · ⤓ 990 PDF
FY2022$230K revenue · ⤓ 990 PDF
FY2021$173K revenue · ⤓ 990 PDF
FY2020$78K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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