The A3 Foundation, founded in 2023, has secured a $250,000 annual payment under a Miami-Dade management contract. Despite a shaky financial background, including reporting less than $25,000 in its bank account, the charity is linked to the Loud and Live production company. Loud and Live has a 20-year contract for hosting events at Tropical Park, including a popular holiday festival. The foundation's president, Francisco Petrirena, also serves as the chief of staff to Miami's city manager and is currently its only paid employee with an annual salary of $80,000.
A foundation formed in 2023 is set to receive $250,000 annually under a Miami-Dade county contract, linking it to the CountryFest rodeo.
Loud and Live secured a 20-year contract allowing it to produce profit-making events at Tropical Park, including a yearly holiday fest.
Tax records indicated that A3 Foundation, with less than $25,000 in funds, has no contact information available and operates from a townhouse.
Francisco Petrirena, president of the A3 Foundation and chief of staff to the city manager, reported being the only paid employee, earning $80,000.
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