2013-02-14T15:49:53-06:00 2012-06-30 010720052 MORRISON BROWN ARGIZ & FARRA LLC 1450 BRICKELL AVENUE 18TH FLOOR MIAMI FL 33131 990 2011-07-01 651048896 OVERTOWN YOUTH CENTER INC OVER 3053491204 450 NW 14 STREET MIAMI FL 33136 TINA BROWN 3053491204 2013-02-13 1 RICK COVERT P00124528 3053735500 2011 2016-03-07 17:11:31Z TINA BROWN 450 NW 14 STREET MIAMI FL 33136 2039921 0 X WWW.OVERTOWNYOUTH.ORG X 2001 FL THE MISSION OF OVERTOWN YOUTH CENTER IS TO INSPIRE AND EMPOWER YOUTH AND FAMILIES BY FOSTERING HOPE THROUGH ENRICHMENT SERVICES. 14 13 54 300 0 0 1817954 2017473 0 0 175 38 11885 17277 1830014 2034788 0 0 0 0 1105355 1158239 0 0 55857 619915 716536 1725270 1874775 104744 160013 1079759 1293780 112577 182497 967182 1111283 THE MISSION OF THE OVERTOWN YOUTH CENTER IS TO INSPIRE AND EMPOWER YOUTH AND FAMILIES BY FOSTERING HOPE THROUGH ENRICHMENT SERVICES. 0 0 1644058 0 OVERTOWN YOUTH CENTER IS AN INNER-CITY YOUTH CENTER LOCATED IN MIAMI, FLORIDA ESTABLISHED FOR THE PURPOSE OF HELPING TO IMPROVE THE LIVES OF AT-RISK YOUTH IN SOUTH FLORIDA AND TO GIVE FAMILIES A PLACE THAT INSTILLS A SENSE OF PRIDE THROUGH EDUCATION PROGRAMS, ORGANIZED ATHLETICS, EMPLOYMENT ENHANCEMENT SKILLS AND CULTURAL AWARENESS. 1644058 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 5 0 1 54 1 0 0 0 0 0 0 0 0 0 0 0 X 14 13 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 FL X TINA BROWN 3053491204 450 NW 14TH STREET MIAMI FL 33136 RON BOOK 1.00 X 0 0 0 ALONZO H MOURNING 1.00 X 0 0 0 ALBERT E DOTSON JR 1.00 X 0 0 0 ALLEN FURST 1.00 X 0 0 0 JERRY POWERS 1.00 X 0 0 0 LINDA COLL 1.00 X 0 0 0 STEPHEN BOUCHER 1.00 X 0 0 0 TRACY WILSON MOURNING 1.00 X 0 0 0 RICK DE LA CROIX 1.00 X 0 0 0 SHAKIM COMPERE 1.00 X 0 0 0 RALPH PATINO 1.00 X 0 0 0 SALO GROSFELD 1.00 X 0 0 0 MICHAEL FUX 1.00 X 0 0 0 JOSE SERRA 1.00 X 0 0 0 TINA BROWN 40.00 X 100000 0 0 100000 0 0 0 0 0 0 0 9900 119289 1888284 184673 2017473 38 38 22410 5133 17277 17277 2034788 0 0 17315 100000 50000 50000 961125 857491 58449 45185 97114 78533 16038 2543 11000 11000 33750 33750 97441 78705 13981 4755 124772 124772 16339 13731 2608 11372 11372 37718 23604 14114 IN KIND GOODS 184673 184673 STUDENT SERVICES 96062 96062 FIELD TRIPS 46731 46731 MISC. 22979 18549 3265 1165 33699 26085 5405 2209 1874775 1644058 174860 55857 50960 266409 371293 81153 400000 200000 156050 178719 281458 196484 96346 84974 453950 5110 28575 1079759 1293780 112577 182497 112577 182497 X 595889 561599 1293 79684 370000 470000 967182 1111283 1079759 1293780 X 160013 -15912 X X 0 1 1 X 0 X 1800069 2257176 2145712 1829839 2041383 10074179 1800069 2257176 2145712 1829839 2041383 10074179 10074179 3572 694 426 175 38 4905 10079084 0.99950 0.99960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 371294 100000 -15874 455420 271119 100000 175 371294 170692 100000 426 271118 170000 692 170692 1.00000 0 0 100084 26736 73348 156114 144488 11626 25260 25260 0 84974 RESTRICTED INVESTMENTS 453950 F 453950 2034788 1874775 160013 -15912 -15912 144101 2025509 -15912 1500 -14412 2039921 -5133 -5133 2034788 1881408 1500 5133 6633 1874775 0 1874775 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE TO HELP OYC IN PERPETUITY TO CARRY OUT THE ORGANIZATION'S MISSION. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: OVERTOWN YOUTH CENTER, INC. ("OYC") IS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. OYC RECOGNIZES AND MEASURES TAX POSITIONS BASED ON THEIR TECHNICAL MERIT AND ASSESSES THE LIKELIHOOD THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. INTEREST AND PENALTIES ON TAX LIABILITIES, IF ANY, WOULD BE RECORDED IN INTEREST EXPENSE AND OTHER NON-INTEREST EXPENSE, RESPECTIVELY. THE U.S. FEDERAL JURISDICTION AND THE STATE OF FLORIDA JURISDICTION ARE THE MAJOR TAX JURISDICTIONS WHERE OYC FILES INCOME TAX RETURNS. THE OYC IS GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008. THE OTHER RECONCILING ITEM IN REVENUE AND EXPENSES BETWEEN THE FINANCIAL STATEMENTS AND FORM 990 ARE THE SPECIAL EVENT EXPENSES WHICH ARE NETTED AGAINST REVENUE IN THE FORM 990 BUT SEPARATELY STATED AS AN EXPENSE IN THE FINANCIAL STATEMENTS. TOY DRIVE/ HOLIDAY APPEAL 22410 22410 5133 22410 22410 5133 5133 17277 X PROGRAM SUPPLIES 78 184673 FAIR MARKET VALUE AT DATE OF DONATION 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 TWO BOARD MEMBERS, ALONZO MOURNING AND TRACY WILSON MOURNING ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE FORM 990 IS PREPARED BY THE INDEPENDENT ACCOUNTANTS AND PROVIDED TO THE GOVERNING BODY, WHOM THEN REVIEWS IT FOR ACCURACY BASED ON THE AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER IS ASKED ANNUALLY AT BOARD MEETINGS IF THEY HAVE AN INTEREST THAT COULD GIVE RISE TO A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A EXECUTIVE DIRECTOR COMPENSATION IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC FOR INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. AN INTERESTED PERSON MAY CONTACT THE OFFICE VIA PHONE OR SEND A LETTER REQUESTING SUCH INFORMATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -15,912. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. MOURNING FAMILY FOUNDATION INC 100 S BISCAYNE BLVD 3 FLOOR MIAMI FL 33133 651078983 PROMOTING POSITIVE CHANGE IN LOW SOCIOECONOMIC COMMUNITIES. FL 501(C)(3) 7 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MOURNING FAMILY FOUNDATION INC C 9900 CASH AMOUNT