Finances

FINANCIALS

Miami Bayside Foundation Statement of Financial Position

DECEMBER 31, 2020 and 2019

2020

2019

ASSETS

Cash and cash equivalents$685,835$526,483
Investments$1,987,804$2,020,738
Loan Receivables, net$4,267,281$2,929,484
Other Assets$5,236$26,839
TOTAL ASSETS$6,947,156$5,504,160

LIABILITIES

Accrued expenses$4,335$5,297
Notes Payable, current portion$771,855$666,996
Notes Payable, long-term portions$1,969,307$1,282,671
TOTAL LIABILITIES$2,809,997$1,954,964

NET ASSETS

Unrestricted$3,962,449$3,079,778
Temporarily Restricted$174,710$469,418
TOTAL NET ASSETS$4,137,159$3,549,196
TOTAL LIABILITIES AND NET ASSETS$6,947,156$5,504,160

REVENUES

Contributions$1,040,736$412,555
Federal Grants$536,388$876,471
Investment income, net$109,227$34,451
Interest and other income$216,226$84,538
TOTAL SUPPORT AND REVENUE$1,902,577$1,407,915

EXPENSES

Program services$1,175,351$771,559
Supporting services$151,941$130,258
TOTAL EXPENSES$1,327,293$901,817
CHANGE IN NET ASSETS BEFORE UNREALIZED GAINS$575,284$506,098
UNREALIZED GAIN (LOSS)$12,697$257,464
CHANGE IN NET ASSETS$587,963$763,562
Net assets, beginning of year$3,549,196$2,785,634
Net assets, end of year$4,137,159$3,549,196

Note: Financial information has been extracted from the Miami Bayside Foundation’s audited financial statements, on which an independent public accounting firm expressed an unqualified opinion. To view the complete audited financial statements, please visit mbf.miami/about-us or contact us directly.

Contact Us

(305) 379-7070

info@miamibaysidefoundation.org

25 SE 2nd Ave Suite 240
Miami, FL 33131

WWW.MBF.MIAMI

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