2020-07-09T15:01:57-05:00 2019-06-30 BERKOWITZ POLLACK BRANT 200 S BISCAYNE BLVD 7th FL MIAMI FL 33131 990 2018-07-01 590358775 Greater Miami Chamber of Commerce Inc % KARAN RUKRIGL GREA 3053507700 1601 Biscayne Blvd Ballroom Level Miami FL 33132 ALFRED SANCHEZ CEO 3053507700 2020-07-15 true Adam Cohen P00541985 3053797000 2020-07-15 38.104.95.90 65716920201915000130 2020-07-09 P B3EC93F672EDB5D9B8F590545B19A44137B5E88C AF3EBCE89E168A664FCC48DA7353E8555C1F73F6 2018 2020-09-23 17:36:50Z ALFRED SANCHEZ 1601 Biscayne Blvd Miami FL 33132 3673918 false X www.miamichamber.com X 1965 FL Association of businesses and professions organized to create economic organized to create economic progress 205 201 34 240 40973 -267689 1475453 1312787 2330216 2320102 101 56 36500 40973 3842270 3673918 0 0 0 0 1548452 1768709 0 0 617881 2549935 1899882 4098387 3668591 -256117 5327 2228221 2123521 1282789 1172762 945432 950759 THE GREATER MIAMI CHAMBER OF COMMERCE IS AN ASSOCIATION OF BUSINESSES AND PROFESSIONS ORGANIZED TO CREATE ECONOMIC PROGRESS IN MIAMI-DADE COUNTY, FLORIDA. TO CARRY OUT THIS MISSION, THE CHAMBER SERVES AS THE VOICE AND CONSCIENCE OF BUSINESS ENTERPRISE AND INVOLVES THE PRIVATE SECTOR IN COMMUNITY LEADERSHIP. RECOGNIZING THE CLOSE RELATIONSHIP BETWEEN ECONOMIC HEALTH AND THE SOCIAL AND PHYSICAL ENVIRONMENT IN WHICH WE LIVE, THE CHAMBER PARTICIPATES IN SOLVING THE PROBLEMS OF A GROWING URBAN AREA WITH A SPECIAL EMPHASIS TOWARD THE REVITALIZATION OF DISTRESSED AREAS. false false 1818901 2320102 Ongoing programs held about 100 events at the chamber during the year ended June 30, 2019 serving approximately 10,000 attendees from different countries, as well as Miami-dade county. Programs consistently strive to attract domestic and international commerce to Miami and promote education and opportunities for economic prosperity to members and other program participants. 1818901 false false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false true false false true 4 0 true 34 true true true false false false true true false false false X 205 201 false false false false false false false true true false true true true true true true true true true true false FL X X KARAN RUKRIGL 3053507700 1601 BISCAYNE BLVD Miami FL 33132 A Vicky Leiva DIRECTOR 1.0 0.0 X 0 0 0 Adriana Pereira-Reyes DIRECTOR 1.0 0.0 X 0 0 0 Alan Dimond DIRECTOR 1.0 0.0 X 0 0 0 Albert Lopez DIRECTOR 1.0 0.0 X 0 0 0 Albert E Dotson Jr DIRECTOR 1.0 0.0 X 0 0 0 Alejandro Fuentes DIRECTOR 1.0 0.0 X 0 0 0 Alex Rhodes DIRECTOR 1.0 0.0 X 0 0 0 Alex Villoch DIRECTOR 1.0 0.0 X 0 0 0 Alexander Binelo DIRECTOR 1.0 0.0 X 0 0 0 Alexander Freund DIRECTOR 1.0 0.0 X 0 0 0 Alexander Tachmes DIRECTOR 1.0 0.0 X 0 0 0 Alexandra Villoch DIRECTOR 1.0 0.0 X 0 0 0 Alfred Sanchez President/CEO 40.0 0.0 X X 234119 0 0 Alfredo Richard DIRECTOR 1.0 0.0 X 0 0 0 Alma Kadradgic DIRECTOR 1.0 0.0 X 0 0 0 Alvin West DIRECTOR 1.0 0.0 X 0 0 0 Alyce Robertson DIRECTOR 1.0 0.0 X 0 0 0 Amy Furness DIRECTOR 1.0 0.0 X 0 0 0 Ana Sotorrio DIRECTOR 1.0 0.0 X 0 0 0 Andres Campo DIRECTOR 1.0 0.0 X 0 0 0 Andres del Corral DIRECTOR 1.0 0.0 X 0 0 0 Anne Freedman DIRECTOR 1.0 0.0 X 0 0 0 Arcelio Gerardo DIRECTOR 1.0 0.0 X 0 0 0 Arthur AJ Meyer DIRECTOR 1.0 0.0 X 0 0 0 Arthur Noriega DIRECTOR 1.0 0.0 X 0 0 0 Basil Bernard DIRECTOR 1.0 0.0 X 0 0 0 Ben Mollere DIRECTOR 1.0 0.0 X 0 0 0 Bernie Adrover DIRECTOR 1.0 0.0 X 0 0 0 Betty Jeremie DIRECTOR 1.0 0.0 X 0 0 0 Bob Fitzsimmons DIRECTOR 1.0 0.0 X 0 0 0 Brian Keeley DIRECTOR 1.0 0.0 X 0 0 0 Brian San Miguel DIRECTOR 1.0 0.0 X 0 0 0 CL Conroy DIRECTOR 1.0 0.0 X 0 0 0 Carlos Arboleda DIRECTOR 1.0 0.0 X 0 0 0 Carlos Fernandez-Guzman DIRECTOR 1.0 0.0 X 0 0 0 Carlos Garcia DIRECTOR 1.0 0.0 X 0 0 0 Carlos Orta CHAIRMAN 5.0 0.0 X X 0 0 0 Carlos Pulido DIRECTOR 1.0 0.0 X 0 0 0 Carol Henderson DIRECTOR 1.0 0.0 X 0 0 0 Catherine Garrido DIRECTOR 1.0 0.0 X 0 0 0 Charles Fairbank DIRECTOR 1.0 0.0 X 0 0 0 Chris Sopher DIRECTOR 1.0 0.0 X 0 0 0 Christopher Dudley DIRECTOR 1.0 0.0 X 0 0 0 Conor Flynn DIRECTOR 1.0 0.0 X 0 0 0 Dan Jacobson DIRECTOR 1.0 0.0 X 0 0 0 Danet Linares DIRECTOR 1.0 0.0 X 0 0 0 Danette Gossett DIRECTOR 1.0 0.0 X 0 0 0 David Felt DIRECTOR 1.0 0.0 X 0 0 0 David Restainer DIRECTOR 1.0 0.0 X 0 0 0 Denise Talboy DIRECTOR 1.0 0.0 X 0 0 0 Dick Dvorak DIRECTOR 1.0 0.0 X 0 0 0 Domenico Matinata DIRECTOR 1.0 0.0 X 0 0 0 Don Slesnick DIRECTOR 1.0 0.0 X 0 0 0 Doug Bartel DIRECTOR 1.0 0.0 X 0 0 0 Dr Mark Rosenberg DIRECTOR 1.0 0.0 X 0 0 0 Eduardo Padron DIRECTOR 1.0 0.0 X 0 0 0 Edward Joyce DIRECTOR 1.0 0.0 X 0 0 0 El Pagnier K Hudson DIRECTOR 1.0 0.0 X 0 0 0 Elissa Truman-Sharon DIRECTOR 1.0 0.0 X 0 0 0 Erbi Blanco-True DIRECTOR 1.0 0.0 X 0 0 0 Erick Montealegre DIRECTOR 1.0 0.0 X 0 0 0 Erin Sutherland DIRECTOR 1.0 0.0 X 0 0 0 Felipe Basulto CHAIR-ELECT 5.0 0.0 X X 0 0 0 Francisco X Santeiro DIRECTOR 1.0 0.0 X 0 0 0 Frank Carollo DIRECTOR 1.0 0.0 X 0 0 0 Frank Gonzalez DIRECTOR 1.0 0.0 X 0 0 0 Frank J Cantero DIRECTOR 1.0 0.0 X 0 0 0 Frank Lopez DIRECTOR 1.0 0.0 X 0 0 0 GLee Sandler DIRECTOR 1.0 0.0 X 0 0 0 Gene Schaefer IMMEDIATE PAST CHAIR 5.0 0.0 X X 0 0 0 George Andrews DIRECTOR 1.0 0.0 X 0 0 0 George Leser DIRECTOR 1.0 0.0 X 0 0 0 Gerald Grant Jr DIRECTOR 1.0 0.0 X 0 0 0 Gladys Reed DIRECTOR 1.0 0.0 X 0 0 0 Glenn Cooper DIRECTOR 1.0 0.0 X 0 0 0 Grant Miller DIRECTOR 1.0 0.0 X 0 0 0 Hadley C Williams DIRECTOR 1.0 0.0 X 0 0 0 Hernando Gomez DIRECTOR 1.0 0.0 X 0 0 0 Hon Carlos A Gimenez DIRECTOR 1.0 0.0 X 0 0 0 Hon Esteban Bovo Jr DIRECTOR 1.0 0.0 X 0 0 0 Humberto Alonso Jr DIRECTOR 1.0 0.0 X 0 0 0 Ines Calderon DIRECTOR 1.0 0.0 X 0 0 0 Ira Rosner DIRECTOR 1.0 0.0 X 0 0 0 Irela Bague DIRECTOR 1.0 0.0 X 0 0 0 Irene White FIRST VICE CHAIR 5.0 0.0 X X 0 0 0 Israel Kreps DIRECTOR 1.0 0.0 X 0 0 0 James Knapp DIRECTOR 1.0 0.0 X 0 0 0 Jamie Byington DIRECTOR 1.0 0.0 X 0 0 0 Jaret Davis DIRECTOR 1.0 0.0 X 0 0 0 Javi Vazquez DIRECTOR 1.0 0.0 X 0 0 0 Javier Betancourt DIRECTOR 1.0 0.0 X 0 0 0 Jay Carmichael DIRECTOR 1.0 0.0 X 0 0 0 Jay Pelham DIRECTOR 1.0 0.0 X 0 0 0 Jeff Bartel DIRECTOR 1.0 0.0 X 0 0 0 Jeren Miles DIRECTOR 1.0 0.0 X 0 0 0 Jerry Menendez DIRECTOR 1.0 0.0 X 0 0 0 Joe Natoli DIRECTOR 1.0 0.0 X 0 0 0 Joe Rasco DIRECTOR 1.0 0.0 X 0 0 0 John Richard DIRECTOR 1.0 0.0 X 0 0 0 John T Mestepey DIRECTOR 1.0 0.0 X 0 0 0 Jolie Balido DIRECTOR 1.0 0.0 X 0 0 0 Jon Sastre DIRECTOR 1.0 0.0 X 0 0 0 Jorge Martinez DIRECTOR 1.0 0.0 X 0 0 0 Jose Aldrich DIRECTOR 1.0 0.0 X 0 0 0 Jose Bermudez DIRECTOR 1.0 0.0 X 0 0 0 Jose Cortes DIRECTOR 1.0 0.0 X 0 0 0 Jose Fuentes DIRECTOR 1.0 0.0 X 0 0 0 Jose Maria Lacasa DIRECTOR 1.0 0.0 X 0 0 0 Jose Rojas DIRECTOR 1.0 0.0 X 0 0 0 Joseph Hovancek DIRECTOR 1.0 0.0 X 0 0 0 Joseph Serota DIRECTOR 1.0 0.0 X 0 0 0 Juan Carlos Gutierrez DIRECTOR 1.0 0.0 X 0 0 0 Juan Kuryla DIRECTOR 1.0 0.0 X 0 0 0 Julie Baird DIRECTOR 1.0 0.0 X 0 0 0 Julio Frenk DIRECTOR 1.0 0.0 X 0 0 0 Justin D Luger DIRECTOR 1.0 0.0 X 0 0 0 Karen Egozi DIRECTOR 1.0 0.0 X 0 0 0 Keith Tribble DIRECTOR 1.0 0.0 X 0 0 0 Ken Dubow DIRECTOR 1.0 0.0 X 0 0 0 Kevin Levy DIRECTOR 1.0 0.0 X 0 0 0 Lani Ferro DIRECTOR 1.0 0.0 X 0 0 0 Larry Kahn III DIRECTOR 1.0 0.0 X 0 0 0 Larry Rice DIRECTOR 1.0 0.0 X 0 0 0 Laura Denoux DIRECTOR 1.0 0.0 X 0 0 0 Lauren Smith DIRECTOR 1.0 0.0 X 0 0 0 Lawson Dutton DIRECTOR 1.0 0.0 X 0 0 0 Leo Gonzalez DIRECTOR 1.0 0.0 X 0 0 0 Linda Lecht DIRECTOR 1.0 0.0 X 0 0 0 Luciana Carvalho DIRECTOR 1.0 0.0 X 0 0 0 Luis Cuneo DIRECTOR 1.0 0.0 X 0 0 0 Luis Chiappy DIRECTOR 1.0 0.0 X 0 0 0 Manny Miranda DIRECTOR 1.0 0.0 X 0 0 0 Manuel M Del Canal DIRECTOR 1.0 0.0 X 0 0 0 Maria Blet DIRECTOR 1.0 0.0 X 0 0 0 Maria Torossian DIRECTOR 1.0 0.0 X 0 0 0 Mario Bailey DIRECTOR 1.0 0.0 X 0 0 0 Marlon Hill DIRECTOR 1.0 0.0 X 0 0 0 Marta Armas DIRECTOR 1.0 0.0 X 0 0 0 Matt Gallo DIRECTOR 1.0 0.0 X 0 0 0 Matt Pinzur Cliff Bauer DIRECTOR 1.0 0.0 X 0 0 0 Matthew Becherer DIRECTOR 1.0 0.0 X 0 0 0 Matthew Maffai DIRECTOR 1.0 0.0 X 0 0 0 Melanie Dickinson DIRECTOR 1.0 0.0 X 0 0 0 Merrett Stierheim DIRECTOR 1.0 0.0 X 0 0 0 Michael A Finney DIRECTOR 1.0 0.0 X 0 0 0 Michael Simkins DIRECTOR 1.0 0.0 X 0 0 0 Mitch Bierman OF COUNSEL 5.0 0.0 X X 0 0 0 Myrna Y Vaca DIRECTOR 1.0 0.0 X 0 0 0 Neisen Kasdin DIRECTOR 1.0 0.0 X 0 0 0 Nelcy Vicente DIRECTOR 1.0 0.0 X 0 0 0 Noriel del Valle DIRECTOR 1.0 0.0 X 0 0 0 Olga Ramudo DIRECTOR 1.0 0.0 X 0 0 0 Omar Pagan DIRECTOR 1.0 0.0 X 0 0 0 Paco Gonzalez DIRECTOR 1.0 0.0 X 0 0 0 Pat Morris DIRECTOR 1.0 0.0 X 0 0 0 Patricia Nelson DIRECTOR 1.0 0.0 X 0 0 0 Patrick F Martin DIRECTOR 1.0 0.0 X 0 0 0 Paul Imbrone DIRECTOR 1.0 0.0 X 0 0 0 Paul J Schwiep DIRECTOR 1.0 0.0 X 0 0 0 Paul Singerman DIRECTOR 1.0 0.0 X 0 0 0 Pearce Klevan DIRECTOR 1.0 0.0 X 0 0 0 Peter Pruitt DIRECTOR 1.0 0.0 X 0 0 0 Preston Jones DIRECTOR 1.0 0.0 X 0 0 0 Rachel Johnson DIRECTOR 1.0 0.0 X 0 0 0 Ralph Egues Jr DIRECTOR 1.0 0.0 X 0 0 0 Ralph MacNamara DIRECTOR 1.0 0.0 X 0 0 0 Ramon Casas DIRECTOR 1.0 0.0 X 0 0 0 Reizel Larrea-Alvarez DIRECTOR 1.0 0.0 X 0 0 0 Rev Msgr Franklyn Casale DIRECTOR 1.0 0.0 X 0 0 0 Ric Katz DIRECTOR 1.0 0.0 X 0 0 0 Rick Beasley DIRECTOR 1.0 0.0 X 0 0 0 Richard Lopez DIRECTOR 1.0 0.0 X 0 0 0 Richard Montes de Oca DIRECTOR 1.0 0.0 X 0 0 0 Robert Berkowitz DIRECTOR 1.0 0.0 X 0 0 0 Roberta Kressel DIRECTOR 1.0 0.0 X 0 0 0 Roberto Munoz Of Counsel 5.0 0.0 X X 0 0 0 Rocky Egusquiza DIRECTOR 1.0 0.0 X 0 0 0 Roddy Melendez DIRECTOR 1.0 0.0 X 0 0 0 Ron Albert DIRECTOR 1.0 0.0 X 0 0 0 Ron Shuffield DIRECTOR 1.0 0.0 X 0 0 0 Rudolph Moise DIRECTOR 1.0 0.0 X 0 0 0 Saif Ishoof DIRECTOR 1.0 0.0 X 0 0 0 Sandy O'Neil DIRECTOR 1.0 0.0 X 0 0 0 Sandy Gonzalez Levy DIRECTOR 1.0 0.0 X 0 0 0 Sarah Artecona DIRECTOR 1.0 0.0 X 0 0 0 Sean Kramer DIRECTOR 1.0 0.0 X 0 0 0 Sergio Abreu Jr DIRECTOR 1.0 0.0 X 0 0 0 Sergio Gonzalez DIRECTOR 1.0 0.0 X 0 0 0 Shawn Warmstein DIRECTOR 1.0 0.0 X 0 0 0 Sherry Thompson Giordano DIRECTOR 1.0 0.0 X 0 0 0 Sister Linda Bevilacqua DIRECTOR 1.0 0.0 X 0 0 0 Stacy Kilroy DIRECTOR 1.0 0.0 X 0 0 0 Stephany Musino DIRECTOR 1.0 0.0 X 0 0 0 Stephen Siegel DIRECTOR 1.0 0.0 X 0 0 0 Steven Eisenberg DIRECTOR 1.0 0.0 X 0 0 0 Susy Torriente DIRECTOR 1.0 0.0 X 0 0 0 Teresa King Kinney DIRECTOR 1.0 0.0 X 0 0 0 Teresita Garcia DIRECTOR 1.0 0.0 X 0 0 0 Tiffani Lee DIRECTOR 1.0 0.0 X 0 0 0 Timothy Iszler DIRECTOR 1.0 0.0 X 0 0 0 Tony Argiz DIRECTOR 1.0 0.0 X 0 0 0 Tony Villamil DIRECTOR 1.0 0.0 X 0 0 0 T Spencer Crowley DIRECTOR 1.0 0.0 X 0 0 0 Victoria Villalba DIRECTOR 1.0 0.0 X 0 0 0 W Allen Morris DIRECTOR 1.0 0.0 X 0 0 0 Wendy Kallergis DIRECTOR 1.0 0.0 X 0 0 0 William D Talbert III DIRECTOR 1.0 0.0 X 0 0 0 Willie Logan DIRECTOR 1.0 0.0 X 0 0 0 Wolfgang Pinther DIRECTOR 1.0 0.0 X 0 0 0 Xavier Gonzalez DIRECTOR 1.0 0.0 X 0 0 0 Ygnacio Garcia Saladregas DIRECTOR 1.0 0.0 X 0 0 0 Yvette Garcia DIRECTOR 1.0 0.0 X 0 0 0 Marilu Rios Kernan Chief Financial Officer 40.0 0.0 X 0 0 0 Liane Ventura Senior Vice President 40.0 0.0 X 0 0 0 Octavio Zubizarreta Senior Vice President 40.0 0.0 X 0 0 0 234119 0 0 1 false true false 0 1296986 15801 1312787 PROGRAM SERVICE REVENUE 2320102 2320102 2320102 56 56 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WEB SITE ADVERTISING 541800 40973 40973 40973 3673918 2320102 40973 56 0 0 0 0 661825 328135 222222 111468 0 831369 412196 279150 140023 44887 22255 15072 7560 124996 61974 41970 21052 105632 52373 35468 17791 81509 40412 27369 13728 55427 27481 18611 9335 69571 34493 23360 11718 0 0 0 244528 121238 82106 41184 111576 55320 37464 18792 0 0 0 75301 37334 25284 12683 20261 10046 6803 3412 0 0 0 0 111859 55460 37559 18840 36350 18023 12205 6122 SUPPLIES 57954 28734 19459 9761 BANK FEES 34051 16883 11433 5735 TELEPHONE 5034 2496 1690 848 PRINTING 8013 3973 2690 1350 988448 490075 331894 166479 3668591 1818901 1231809 617881 1606753 1570116 0 0 0 0 81191 144565 0 0 0 0 0 0 6065 0 79703 70895 481772 240920 341156 240852 0 0 0 0 0 0 8704 7664 104649 89429 2228221 2123521 292269 173560 0 0 932534 971483 0 0 0 0 0 0 0 0 0 0 57986 27719 1282789 1172762 X 945432 950759 0 0 0 0 945432 950759 2228221 2123521 5327 X false true X true false 84549 36241 48308 397223 204679 192544 240852 0 OTHER CURRENT LIABILITIES 27719 27719 Organization's FIN 48 Financial Statement Footnote The Organization accounts for uncertainty in income taxes in accordance with GAAP, which requires recognition in the consolidated financial statements of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the consolidated financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The Organization had no material unrecognized tax benefits and no adjustments to its consolidated financial position, activities or cash flows were required as of June 30, 2019 and 2018. The Organization does not expect that unrecognized tax benefits will increase within the next twelve months. The Organization's tax returns for the years ended June 30, 2016 through 2018 remain subject to examination by major tax jurisdictions. The Organization recognizes accrued interest and penalties, if any, related to uncertain tax positions as income tax expense. X false false false Alfred Sanchez President/CEO 234119 0 0 0 0 0 0 0 0 0 234119 0 0 0 Form 990, Part VI, Section B, Line 12c The conflict of interest is signed off annually and enforced by ensuring the person does not participate in the decision making if there is a conflict of interest. Form 990, Part VI, Section B, Line 15 Compensation for the CEO, the organization's officers and key employees is recommended and approved by the executive committee based on the performance of the individuals and the organization. Form 990, Part VI, Section C, Line 19 Governing documents such as by laws are available in the organization's annual member handbook. Conflict of interest policy and financial statements are available to the public upon request. Form 990, Part XII, Line 2C The organization's finance committee has oversight over the audit performed by an independent accountant, who presents financial statements to the committee on pre and post audit basis. This process has not changed from the prior year. Attachment to Form 990-T Net operating loss generated in 2006 $210,000 Net operating loss generated in 2007 $29,988 Net operating loss used in 2008 $1,012 Net operating loss generated in 2009 $6,438 Net operating loss used in 2010 $64,325 Net operating loss generated in 2011 $13,693 Net operating loss generated in 2012 $28,381 Net operating loss generated in 2013 $57,749 Net operating loss generated in 2014 $59,937 Net operating loss used in 2015 $28,899 Net operating loss used in 2016 $10,844 Net operating loss used in 2017 $9,573 Form 990, Part VI, Section A, Line 11 Form 990 is prepared by an independent accountant and submitted to the organization's controller for review. after the organization's controller is satisfied with the tax return, it is returned to the independent accountant for any final adjustments at which time the tax return is filed. Form 990, Part VI, Line 1B Four Officers are paid by organization and thus not independent FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MISCELLANEOUS EXPENSES TOTAL EXPENSES:970 PROGRAM SERVICES:481 MANAGEMENT AND GENERAL:326 FUNDRAISING:163 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:LEASE CONTRACTS TOTAL EXPENSES:4002 PROGRAM SERVICES:1984 MANAGEMENT AND GENERAL:1344 FUNDRAISING:674 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:ALL OTHER EXPENSES TOTAL EXPENSES:983476 PROGRAM SERVICES:487610 MANAGEMENT AND GENERAL:330224 FUNDRAISING:165642 South Florida Progress Foundation Inc 1601 Biscayne blvd miami FL 33132 596216592 Promotion FL 501(C)(3) 7 NA false Greater Miami Foreign Trade Zone Inc 1601 Biscayne Blvd Ballroom Level Miami FL 33132 591707093 promotion FL 501(c)(6) n/a na false false false false false false false false false false false false false true true false false false false ALL TRANSACTIONS UNDER THRESHOLD