Catalyst Miami INC

Tax-deductible

Mikami, FL501(c)(3)Community DevelopmentEIN 65-0690368Revenue $5.0M in FY2024

On file with the IRScatalystmiami.org3250 Sw 3rd Ave FL 2, 33129-2712 · Mikami, FLTax-exempt since Oct 1997Publicly supported charity — 170(b)(1)(A)(vi)

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The organization's mission is to identify and collectively solve issues adversely affecting low-wealth communities throughout Miami-dade county.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Run by 12 volunteers and 34 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $309K a year · 7% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$924K
to officers and key staff · 23% of spending
Top officer’s pay higher than 58% of similar orgs
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
15 mo
of spending, in cash
Looks good: 15.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $426K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$125K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.0M
+53% vs prior year
Spent
$4.1M
To programs
71%
Net assets
$6.4M
By yearFY2020–FY2024
Revenue
$5.0M
FY2024▲ +53%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.9M
FY2022$4.6M
FY2023$3.3M
FY2024$5.0M
Expenses
$4.1M
FY2024▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.1M
FY2022$4.1M
FY2023$4.2M
FY2024$4.1M
Net assets
$6.4M
FY2024▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.5M
FY2022$6.4M
FY2023$5.5M
FY2024$6.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $2.9M Management & general 24% · $987K Fundraising 5% · $190K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

27 people listed on the 990; $924K paid to officers and key staff.

Part VII, Section A · reportable compensation
$176,505Pt VII · Sec A
$158,335Pt VII · Sec A
$153,142Pt VII · Sec A
$113,070Pt VII · Sec A
SR. Director
$110,480Pt VII · Sec A
VP Policy En
$107,688Pt VII · Sec A
$104,390Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Zelalem Adefris’s $177K as CEO is at the 58th percentile of top reported officer pay among 2832 $1–10M community development 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Zelalem Adefris$176,505$132,313——
Gretchen Beesing——$171,791$132,810
Nina Thompkins Terminated 11124$158,335———
Brian Larson$153,142$140,768$121,010$97,273
Nina Thompkis—$127,800——
Natalie Castellanos$113,070———
Nina Thompkins——$112,498—
Ahmed Mori—$111,519——

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.

See Catalyst Miami INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Solves problems impacting low-wealth communities across Miami-Dade County.

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Provided by the organization

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3 programs · $2.9M · in their own filed words · FY2024
01

Policy & Engagement

Build social cohesion and civic participation to solve critical community issues by organizing and mobilizing with our partner networks and residents. Train and engage residents in all levels of advocacy and grassroots leadership, while also increasing communities' social, political, and financial capital.

$1.2Mprogram expense
02

Prosperity services and wealth-building programs health insurance and income support navigation,financial coaching and financial products, and free tax preparation in support of economic mobility for members of frontline communities.

$1.0Mprogram expense
03

Community economic development creative opportunities for miami-dade residents to own assets through cooperative economic models, such as worker-owned businesses and real- estate investment cooperatives.

$665Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$426K
Grants paid · 44 grants · $1.3M · 2020–2024
The School Board of Miami-Dade CounFY2024$164,250
Wecount INCFL · FY2024$20,000
Unitemized GrantFY2024$12,820
Miami Workers Center INCFL · FY2024$5,250
Unitemized GrantFY2024$150
The School Board of Miami-Dade CounFY2023$65,849
The School Board of Miami-Dade CounFY2023$49,587
The School Board of Miami-Dade CounFY2023$40,564
Unitemized GrantFY2023$6,159
Wecount INCFL · FY2023$5,276
Unitemized GrantFY2023$4,638
Unitemized GrantFY2023$3,794
Unitemized GrantFY2023$422
See all 44 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.0M
Ln 12
Gifts and grantsLn 1h$4.8M
Investment incomeLn 3$258K
Fees for servicesLn 2g$12K
Money outPt IX
$4.1M
Ln 25
Programscol B$2.9M
Managementcol C$987K
Fundraisingcol D$190K
Owns and owesPt X
$6.4M
net assets · Ln 32
Cash and savingsLn 1–2$5.1M
Total assetsLn 16$6.5M
LiabilitiesLn 26$125K
PeoplePt VI, VII
27
listed · VII A
PaidVII A7
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.8M
Government grantsLn 1e$655K
Fees for servicesLn 2g$12K
Investment incomeLn 3$258K
Other incomeLn 4–11$1K
Total revenueLn 12$5.0M
Assets in detailPt X, end of year
CashLn 1$250K
SavingsLn 2$4.9M
Cash and savings togetherLn 1–2$5.1M
InvestmentsLn 11–13$745K
Land, buildings, equipmentLn 10c$920
Total assetsLn 16$6.5M
LiabilitiesLn 26$125K
Net assetsLn 32$6.4M
OperationsPt I, VI
EmployeesI 534
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3.4M$5.1M
InvestmentsLn 11–13$553K$745K
Land, buildings, equipmentLn 10c$2K$920
Total assetsLn 16$5.6M$6.5M
LiabilitiesLn 26$141K$125K
Net assetsLn 32$5.5M$6.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$212K$212K
Grants to domestic individualsLn 2$13K$13K
Pay of current officers, directors and key staffLn 5$543K$543K
Other salaries and wagesLn 7$1.8M$1.5M$168K$119K
Pension plan contributionsLn 8$81K$69K$7K$5K
Other employee benefitsLn 9$277K$231K$30K$16K
Payroll taxesLn 10$177K$118K$50K$9K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$25K$4K$21K
Professional fundraising feesLn 11e$22K$22K
Other fees for servicesLn 11g$442K$410K$29K$3K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$122K$95K$21K$6K
Information technologyLn 14$69K$39K$28K$3K
OccupancyLn 16$21K$18K$3K$422
TravelLn 17$55K$52K$2K$855
Conferences, conventions and meetingsLn 19$92K$80K$9K$3K
Depreciation, depletion and amortizationLn 22$581$458$102$21
InsuranceLn 23$14K$4K$10K
Other expenses (24a–d)Ln 24$71K$6K$64K$998
All other expensesLn 24e$6K$2K$3K$764
Total functional expensesLn 25$4.1M$2.9M$987K$190K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $5.0M$4.1M$958K$6.4M 990 PDF
FY2023 $3.3M$4.2M−$945K$5.5M 990 PDF
FY2022 $4.6M$4.1M$455K$6.4M 990 PDF
FY2021 Not on file
FY2020 $4.9M$4.1M$769K$4.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $5,037,951 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,082,123$4,766,848
I-9 Program service revenuePrior year $31,449$12,031
I-10 Investment incomePrior year $169,054$257,930
I-11 Other revenuePrior year $1,477$1,142
I-12 Total revenuePrior year $3,284,103$5,037,951
I-13 Grants and similar amounts paidPrior year $249,394$224,850
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,824,034$2,908,447
I-16a Professional fundraising feesPrior year $19,965$21,825
I-17 Other expensesPrior year $1,136,160$924,668
I-18 Total expensesPrior year $4,229,553$4,079,790
I-19 Revenue less expensesPrior year −$945,450$958,161
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,037,951 across 8 lines filed
VIII-1a Federated campaigns$32,289
VIII-1e Government grants$654,694
VIII-1f All other contributions, gifts and grants$4,079,865
VIII-1h Total contributions, gifts and grants$4,766,848
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $12,031$12,031
VIII-3 Investment incomeExcluded from tax $257,930$257,930
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,142$1,142
VIII-12 Total revenueRelated to mission $1,142 · Excluded from tax $269,961$5,037,951
Part IX · Statement of functional expenses $4,079,790 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $211,880$211,880
IX-2 Grants to domestic individualsPrograms $12,970$12,970
IX-5 Pay of current officers, directors and key staffManagement $543,494$543,494
IX-7 Other salaries and wagesPrograms $1,542,819 · Management $167,685 · Fundraising $119,207$1,829,711
IX-8 Pension plan contributionsPrograms $68,503 · Management $6,620 · Fundraising $5,485$80,608
IX-9 Other employee benefitsPrograms $230,527 · Management $30,496 · Fundraising $16,207$277,230
IX-10 Payroll taxesPrograms $118,483 · Management $49,798 · Fundraising $9,123$177,404
IX-11b Legal feesPrograms $4,635$4,635
IX-11c Accounting feesPrograms $3,946 · Management $21,025$24,971
IX-11e Professional fundraising feesFundraising $21,825$21,825
IX-11g Other fees for servicesPrograms $409,680 · Management $29,100 · Fundraising $3,350$442,130
IX-12 Advertising and promotionPrograms $3,060$3,060
IX-13 Office expensesPrograms $94,874 · Management $21,164 · Fundraising $6,304$122,342
IX-14 Information technologyPrograms $38,545 · Management $28,242 · Fundraising $2,675$69,462
IX-16 OccupancyPrograms $17,522 · Management $2,921 · Fundraising $422$20,865
IX-17 TravelPrograms $51,888 · Management $1,874 · Fundraising $855$54,617
IX-19 Conferences, conventions and meetingsPrograms $80,343 · Management $8,555 · Fundraising $3,041$91,939
IX-22 Depreciation, depletion and amortizationPrograms $458 · Management $102 · Fundraising $21$581
IX-23 InsurancePrograms $4,168 · Management $9,708$13,876
IX-24 Other expenses (24a–d)Programs $5,755 · Management $63,932 · Fundraising $998$70,685
IX-24e All other expensesPrograms $2,077 · Management $2,664 · Fundraising $764$5,505
IX-25 Total functional expensesPrograms $2,902,133 · Management $987,380 · Fundraising $190,277$4,079,790
Part X · Balance sheet $6,549,208 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $275,844$250,000
X-2 Savings and temporary cash investmentsStart of year $3,147,946$4,856,739
X-4 Accounts receivableStart of year $1,583,904$667,759
X-9 Prepaid expenses and deferred chargesStart of year $47,991$29,249
X-10c Land, buildings and equipment, netStart of year $1,501$920
X-13 Program-related investmentsStart of year $553,341$744,541
X-16 Total assetsStart of year $5,610,527$6,549,208
X-17 Accounts payable and accrued expensesStart of year $103,007$93,255
X-25 Other liabilitiesStart of year $38,109$31,604
X-26 Total liabilitiesStart of year $141,116$124,859
X-27 Net assets without donor restrictionsStart of year $1,182,183$3,222,678
X-28 Net assets with donor restrictionsStart of year $4,287,228$3,201,671
X-32 Total net assets or fund balancesStart of year $5,469,411$6,424,349
X-33 Total liabilities and net assetsStart of year $5,610,527$6,549,208
Part XI · Reconciliation of net assets $6,424,349 net assets at year end
XI-1 Total revenue$5,037,951
XI-2 Total expenses$4,079,790
XI-3 Revenue less expenses$958,161
XI-4 Net assets at start of year$5,469,411
XI-9 Other changes in net assets−$3,223
XI-10 Net assets at end of year$6,424,349

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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