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Two district‑affiliated nonprofit audits earn clean opinions; auditors note minor tax and footnote items

Audit and Budget Committee, Miami-Dade County Public Schools · February 3, 2026

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Summary

Auditors presented unmodified opinions for the Foundation for New Education Initiatives (revenues ~$5.1M; net change ~$300K) and the Magnet Educational Choice Association (revenues ~$369K; near‑breakeven). The committee approved both reports and asked about a $159,000 prior‑period tax assessment in the foundation audit.

The committee reviewed audited financial statements for two nonprofit entities affiliated with the district.

Verdeja Alvarez partners reported a clean (unmodified) opinion for the Foundation for New Education Initiatives for year ended June 30, 2025. Engagement partner Manny Alvarez…

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