Annual Report. Our Mission

Our Mission

The Miami Bayside Foundation is a nonprofit organization designed to advance economic development in the City of Miami through the support of minority businesses and education.

The Miami Bayside Foundation seeks to do this through the creation and administration of a loan program for minority businesses, through the creation of programs and educational scholarships for minorities, and by providing technical assistance to local organizations engaged in economic development.

Dear friends and supporters,

During 2012, the Miami Bayside Foundation pursued its mission of advancing economic development in the City of Miami by focusing on opportunities to support ongoing educational efforts, expanding our technical assistance program to minority businesses, and growing our loan portfolio to minority businesses in the City of Miami.

In April, the Foundation made a gift of $200,000 to Florida Memorial University to establish a scholarship endowment  for City of Miami students interested in business and entrepreneurship.

I am very happy to report that a total of 108 scholarships were awarded during the year; almost double the amount in 2011. Thirty-nine Miami Bayside Foundation First Generation Scholarships were awarded at Florida International University; 65 Miami Bayside Foundation Scholarships were awarded at Miami-Dade College and four at Florida Memorial University.

In November, in an effort to reach students at an earlier stage in their educational development, the Foundation made a $50,000 gift to Breakthrough Miami. This award-winning organization provides a tuition-free, eight-year academic enrichment program that serves motivated students in the 5th through 12th grades from disadvantaged communities.

The Foundation awarded three loans to minority businesses in the City of Miami. These loans helped create 48 new jobs. The Foundation also provides valuable business tools and resources such as counseling and training in business development, management and technical assistance. In 2012, the Foundation renewed its partnership with SCORE Miami-Dade, an important resource for small business advice and mentoring. Through this partnership, during 2012, more than 50 small business owners were provided technical assistance, mentorship and workshops free of charge.

None of this would have been possible without the support of our Board members who work tirelessly to fulfill the Foundation’s mission as well as the support of our generous donors. I am especially grateful to Bayside Marketplace and General Growth Properties, who since the establishment of the Foundation in 1986, have been instrumental in the Foundation´s growth, for their largest ever contribution of $330,663 during 2102.

As we look forward to another promising year of educational advancement and minority business success in the City of Miami, we are excited to be establishing new and stronger relationships, developing new initiatives, creating more educational partnerships, and establishing a Micro Loan Program, in an effort to support minority businesses and education. We are excited as well to be receiving our first grant from the City of Miami/CDBG allowing us to strengthen our technical assistence program.

Sincerely,

Nathan Kurland

2012-2013 Board Of Directors

2012-2013 Staff

Chairman

Treasurer

Josie Legido Correa

City of Miami

Bayside Marketplace The Florida Retail Federation

Nathan Kurland

Licensed Realtor

Secretary

Nicole Ewan

Vice-Chair

Pamela Weller

About Us

In the early 1980s, prior to the ground-breaking of Bayside Marketplace, the City of Miami and Bayside Marketplace developer Jim Rouse began discussing ideas for an organization that would support minority entrepreneurs in the City of Miami. In 1986, the Miami Bayside Foundation was created from this partnership as a means to revitalize and serve the City of Miami’s downtown economic core.

The Miami Bayside Foundation currently provides minority businesses in the City of Miami access to funds through a loan program. It also provides invaluable business tools and resources such as counseling and training in business development and management and other related services, through partnerships with local community organizations engaged in economic development. 

A special charter of The Miami Bayside Foundation is the creation of a vocational and educational scholarship endowment fund for minority students. Since its creation, the Foundation has provided 256 scholarships. The Foundation currently has a scholarship endowment of close to $1 million at Miami Dade College and has recently created additional scholarship endowments at Florida International University (FIU) and Florida Memorial University (FMU). In 2012 the Foundation made a five-year gift to Breakthough Miami, an academic enrichment program that provides motivated middle school students from underserved communities with the tools they need to achieve their most ambitious goals in life.

Executive Director

Kathleen Murphy

Rolando Aedo

Greater Miami Convention & Visitors Bureau

Michelle Barton King

Barton King Soret, P.A.

Benny Carmona

Total Bank

Jeff P.H. Cazeau

Kleiner & Cazeau P.L.

Luis Cuervo

Adam Dunshee

Marie Gill

M. Gill & Associates, Inc.

Beatrice Louissaint

Southern Florida Minority Supplier Development Council

Louis McMillian

Global Investments Realty

Elizabeth Morton

Fabricant Morton & Co.

Pablo Perez-Cisneros

Financials

Statement of Activities

Revenues

Contributions... Investment Income... Interest and Other Income... Total Support and Revenue...

Expenses

Program Services... Supporting Services... Total Expenses... Change in Net assets before unrealized gains/losses.. Unrealized gains/losses... Change in Net assets...

Statement of Financial Position

Assets

Cash and Cash Equivalent... Investments... Loan Receivables... Property and equipment, net... Total Assets... Liabilities and Net Assets

Current Liabilities- Accrued Expenses... Unrestricted... Total Liabilities and Net Assets...

$346,057 $21,092 $16,793 $383,942 $309,854 $75,939 $385,793 ($1,851) $46,554 $44,703 $514,510 $543,111 $283,738 $945 $1,342,304 $1,616 $1,340,688 $1,342,304

For the year ended

Fundraising

Nathan Kurland, Chairman

None of this would have been possible without the support of our

generous donors. I am especially grateful to Bayside Marketplace and

GGP, who have been instrumental in the Foundation’s growth, for their

largest ever contribution of $330,663 during 2012.

$330,663

$2,500

GREATER MIAMI CONVENTION & VISITORS BUREAU

25 SE 2nd Avenue, Suite 240, Miami, FL 33131 | 305.379.7070 | www.miamibaysidefoundation.org

Advancing economic development in the City of Miami can come only as a result of multiple organizations working together toward a common goal. By partnering with the Miami Bayside Foundation, organizations have an opportunity to impact job creation, encourage economic development, support tomorrow’s leaders and improve the future of the City of Miami’s core economic center.

Help Us?

To learn more about sponsorship opportunities or to donate to the Foundation, please contact:

Breakthrough Miami

Florida International University

FIU is Miami´s first and only public research university, offering bachelor´s, master´s, and doctoral degrees.

In 2011, the Miami Bayside Foundation created an endowment at FIU for scholarships to support minority students residing in the City of Miami and interested in entrepreneurship. At the same time, it gifted $100,000 to the First Generation Scholarship Fund, which was matched by the State of Florida to create a $200,000 total gift. During 2012, 39 scholarships were awarded through this gift to minority students residing in the City of Miami and interested in entrepreneurship.

In 2012, the Miami Bayside Foundation formed an educational partnership with Breakthrough Miami awarding them a gift of $50,000 to be disbursed over five years. Breakthrough Miami is an award-winning organization that provides a tuition-free, eight-year academic enrichment program to motivated students from disadvantaged communities in the 5th to 12th grades.

Today, Breakthrough Miami serves more than 1,000 students from across Miami-Dade County on sites located at five independent schools and one public charter school. In 2012, 100% of the Breakthrough Miami program’s seniors graduated on-time and 98% enrolled in college, with one senior entering the military.

Education

“Coming from a family that has a very low income, scholarships such as these really do make a difference and give students, like myself, the opportunity to demonstrate their hard work and dedication in school.”

- Kenia Ortiz

Florida International University

"This generous gift and multi-year commitment to our program by Miami Bayside Foundation makes an important statement about investing in the future of our community. We are truly grateful for their leadership and their support." 

- Alicia Rodriguez Bower

Executive Director of Breakthrough Miami

“I am the bright hope for my family, friends and community. I am brilliant. I am confident. I will graduate from college. I will achieve my dreams.”

- Breakthrough Miami Scholar Affirmation Statement

“Breakthrough Miami changed my life by putting the picture of success in front of me and giving me the tools to obtain it.”

- Corey Griffin

Breakthrough Miami Scholar

Now attending the University of Cincinnati

“I am honored to be one of the recipients of the Miami Bayside First Generation Scholarship. I want you to know how much I appreciate your generous contribution! Thanks to your support, I am able to continue and excel in my studies at Florida international University.”

- Sandra Sanso

Florida International University

“I am the first person in my family to go to college. I live in a low income household where, no matter what the circumstances, school has always come first...being a recipient of the First Generation Scholarship has helped tremendously. Thank you for supporting me and other families who truly need this extra help.”

- Willian Godoy

Florida Memorial University (FMU) is South Florida´s only Historically Black College or University (HBCU). FMU endeavors to instill in students the importance of becoming global citizens through lifelong learning, leadership, character, and service that will enhance their lives and the lives of others.

The Miami Bayside Foundation made a gift of $200,000 to FMU to create a scholarship endowment for minority students who are residents of Miami and interested in entrepreneurship. Of that gift, $10,000 was to be used immediately during the 2012-2013 academic year. Four scholarships were awarded to students in the Fall of 2012.

Miami Dade College was created with the idea that anyone with a desire to get a college degree should be given that opportunity. Today, more than 174,000 students attend Miami Dade College, a state-supported college with eight campuses and numerous outreach centers.

In 1998, the Miami Bayside Foundation created an endowment at Miami-Dade College for the purpose of awarding scholarships to minority students who reside in the City of Miami. Since then, 208 scholarships have been awarded for a total of $146,810. In 2012, 68 scholarships were awarded for a total of $56,500.

“Without the scholarship I might have had to drop out and with it I could afford to go to school and keep a roof over me and my parents’ heads. Thank you."

- Michelle Van Der Biest Miami Dade College

"One of the best and most important decisions I ever made, other than becoming a student at Miami Dade College, was filling out that short application to receive the Bayside Foundation Scholarship."

- Wilbertine Pascal Miami Dade College

“I am a sophomore at Miami Dade College, and I am the only person in my family going to college. I'm already working towards my Accounting degree and this will greatly impact my future. Thanks to Miami Bayside Foundation, I am much closer to reaching my goal.”

- Brayan Martinez Miami Dade College

Education

Florida Memorial University

Miami Dade College

“We are grateful to have this opportunity to partner with the Miami Bayside Foundation to give minority students from the City of Miami greater access to a high-quality education at Florida Memorial University. The Miami Bayside Foundation is helping to advance the mission of Florida Memorial University by providing much needed scholarship funds. Through the Miami Bayside Foundation Endowed Scholarship Fund, Florida Memorial University students will continue to receive scholarship awards in perpetuity.”

- Adriene Wright

Vice President for Institutional Advancement Florida Memorial University

“The Miami Bayside Foundation has been a tremendous financial support in my academic studies. The scholarship I received helped me do well during my first year of college because there was less of a financial burden on me and my family and more time to focus on studying.”

- Khadijah Leaf

The Miami Bayside Foundation offers and administers a loan program that provides loans to minority businesses in the City of Miami. This program aims to stimulate economic development through the creation and retention of jobs. In 2012, the Foundation continued its commitment to providing easier access to funds for minority entrepreneurs. It extended a loan to Viking Defense, Inc. as well as to Panther Coffee and The Stage.

Loans & Programs

SCORE Miami-Dade has more than 80 counselors with expertise ranging from accounting to marketing. They provide one-on-one mentoring and workshops to small business owners.

The Miami Bayside Foundation first partnered with SCORE Miami-Dade in January 2011 to provide technical assistance, counseling and workshops to minority businesses in the City of Miami. During 2012, more than 50 small business owners were mentored and given free access to workshops through this partnership.

Score Miami

Panther Coffee

A grateful recipient of the Foundation’s loan program, Panther Coffee has revolutionized the local coffee scene since it opened in 2012. Panther Coffee has used the loan monies to purchase equipment, attain capital for raw material such as green coffee and hire 26 new employees. Panther Coffee, based in Wynwood, is a specialty coffee roaster, retailer and wholesaler specializing in the small-batch roasting of coffee beans and the preparation of coffee beverages.

Viking Defense Inc.

Operating since 2008, Viking Defense Inc., located in the City of Miami, provides security officers, security consultations and audits to commercial buildings, retail businesses, warehouses, and special event venues. As recipients of the Miami Bayside Foundation loan, Viking Defense Inc. was given the opportunity to expand its workforce, pursue new contracts, as well as expand to additional cities in Florida.

The Stage

The Stage, located in the famed Design District, is a hub for live music, art and film. Offering a large space, high ceilings, comfortable seating, three bar locations and art-lined walls by some of South Florida’s best talent, this venue showcases great music nightly, all adding to the City of Miami’s ever-growing cultural scene. Since receiving the loan, The Stage has hired 14 new employees.