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Miami Bayside Foundation Inc

EIN 59-2834504 · Miami, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair60 out of 100GovernanceGood77 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO ADVANCE THE ECONOMIC DEVELOPMENT OF SOUTH FLORIDA.

Income
$1.3 million
Spending
$1.8 million
Spent on programs
92%
Reserves
44.9 months of spending
Largest source of income
donations and private grants, 36%
Employees
7
Volunteers
18
Highest pay
$197,000, executive di

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 60 out of 100. Higher than 41% of charities in its peer group (education, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 44.9 months of spending.

  • Debt

    10 of 20

    It owes 31% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 44% of income.

  • Income trend

    0 of 15

    Income fell 47% on the year before.

  • Spending floor

    15 of 15

    92% of spending went to programs and raising each dollar of donations cost 4 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 77 out of 100. Higher than 34% of charities in its peer group (education, $1m to $10m).

  • Independent board

    25 of 25

    14 of 14 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $1.3 million spent. LOAN PROGRAM FOR MINORITY- AND WOMEN-OWNED BUSINESSES IN MIAMI-DADE, BROWARD, AND MONROE COUNTIES. IN 2025, EIGHTEEN LOANS WERE FUNDED IN THE AMOUNT OF 1,677,000. SCHOLARSHIPS FOR MINORITY STUDENTS IN THE CITY OF MIAMI AND GRANTS TO EDUCATIONAL PROGRAMS FOR CHILDREN AND YOUTH IN THE CITY OF MIAMI. IN 2025, 248,823 WAS AWARDED IN GRANTS TO ORGANIZATIONS WORKING WITH CHILDREN AND YOUTH AND 84,203 IN DIRECT SCHOLARSHIPS TO STUDENTS AS WELL AS MORE THAN 250,000 IN SCHOLARSHIPS THROUGH OTHER PROGRAMS AT COLLEGES AND UNIVERSITIES. TECHNICAL ASSISTANCE PROGRAMS FOR MINORITY- AND WOMEN-OWNED BUSINESSES IN MIAMI-DADE, BROWARD, AND MONROE COUNTIES. IN 2025, HELD 481 HOURS OF TECHNICAL ASSISTANCE PROGRAMMING, GRADUATING 214 BUSINESS OWNERS WITH 221,600 IN GRANTS TO HELP THE BUSINESSES IMPLEMENT ASSESSED CHANGES. LOAN PROGRAM FOR MINORITY- AND WOMEN-OWNED BUSINESSES IN MIAMI-DADE, BROWARD, AND MONROE COUNTIES. IN 2025, EIGHTEEN LOANS WERE FUNDED IN THE AMOUNT OF 1,677,000. SCHOLARSHIPS FOR MINORITY STUDENTS IN THE CITY OF MIAMI AND GRANTS TO EDUCATIONAL PROGRAMS FOR CHILDREN AND YOUTH IN THE CITY OF MIAMI. IN 2025, 248,823 WAS AWARDED IN GRANTS TO ORGANIZATIONS WORKING WITH CHILDREN AND YOUTH AND 84,203 IN DIRECT SCHOLARSHIPS TO STUDENTS AS WELL AS MORE THAN 250,000 IN SCHOLARSHIPS THROUGH OTHER PROGRAMS AT COLLEGES AND UNIVERSITIES. TECHNICAL ASSISTANCE PROGRAMS FOR MINORITY- AND WOMEN-OWNED BUSINESSES IN MIAMI-DADE, BROWARD, AND MONROE COUNTIES. IN 2025, HELD 481 HOURS OF TECHNICAL ASSISTANCE PROGRAMMING, GRADUATING 214 BUSINESS OWNERS WITH 221,600 IN GRANTS TO HELP THE BUSINESSES IMPLEMENT ASSESSED CHANGES.
  2. $379,776 spent. SCHOLARSHIPS FOR MINORITY STUDENTS IN THE CITY OF MIAMI AND GRANTS TO EDUCATIONAL PROGRAMS FOR MINORITY CHILDREN IN THE CITY OF MIAMI.
  3. TECHNICAL ASSISTANCE PROGRAMS FOR MINORITY- AND WOMEN-OWNED BUSINESSES IN MIAMI-DADE, BROWARD, AND MONROE COUNTIES.
  4. ADMINISTRATION OF ALL PROGRAM SERVICES AND ACCOMPLISHMENTS.
  5. ADMINISTRATION OF ALL PROGRAM SERVICES AND ACCOMPLISHMENTS.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Worth knowing.

    Status was revoked on May 15, 2010 for not filing returns for three years, and reinstated on July 15, 2011.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2012.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.