Form 990 for tax year 2023
Filed by FLORIDA BOARD OF GOVERNORS FOUNDATION INC.
Totals
- Total revenue
- $1,602,962
- Total expenses
- $1,784,139
- Contributions and grants received
- $1,355,637
- Grants paid
- $1,726,358
- Program service revenue
- $0
- Investment income
- $247,325
- Other revenue
- $0
- Total assets, end of year
- $12,268,699
- Total liabilities, end of year
- $5,452,723
- Net assets or fund balances, end of year
- $6,815,976
- Program services expenses (Part IX)
- $1,752,577
- Management and general expenses
- $31,562
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,752,577
Program services were 98.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$345,000
-
1f · All other contributions, gifts and grants
$1,010,637
-
3 · Investment income
total $138,301 · unrelated business $0 · excluded $138,301
-
7a · Gross sales of assets other than inventory
securities $2,324,948
-
7b · Less cost or other basis and sales expenses
securities $2,215,924
-
7c · Gain or loss
securities $109,024
-
7d · Net gain or loss
total $109,024 · related or exempt $0 · unrelated business $0 · excluded $109,024
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $268,882 · program services $268,882
-
2 · Grants to domestic individuals
total $1,457,476 · program services $1,457,476
-
11c · Fees: accounting
total $19,500 · program services $8,775 · management and general $10,725 · fundraising $0
-
11f · Fees: investment management
total $9,783 · program services $9,783 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $11,994 · program services $0 · management and general $11,994 · fundraising $0
-
19 · Conferences, conventions and meetings
total $14,612 · program services $6,576 · management and general $8,036 · fundraising $0
-
24a · Other expenses: BANK CHARGES
total $971 · program services $671 · management and general $300 · fundraising $0
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $860 · program services $387 · management and general $473 · fundraising $0
-
24c · Other expenses: LICENSE
total $61 · program services $27 · management and general $34 · fundraising $0
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,553,174 · end of year $1,399,442
-
4 · Accounts receivable
beginning of year $111,000 · end of year $138,000
-
11 · Investments: publicly traded securities
beginning of year $5,556,798 · end of year $5,972,435
-
15 · Other assets
beginning of year $4,050,142 · end of year $4,758,822
-
17 · Accounts payable and accrued expenses
beginning of year $21,564 · end of year $63,914
-
25 · Other liabilities
beginning of year $4,799,505 · end of year $5,388,809
-
27 · Net assets without donor restrictions
beginning of year $305,678 · end of year $351,949
-
28 · Net assets with donor restrictions
beginning of year $6,144,367 · end of year $6,464,027
Mission and programs · 2023
Mission
PROMOTE FLORIDAS HIGHER EDUCATION SYSTEM
-
TO PROVIDE SCHOLARSHIPS TO OUTSTANDING STUDENTS AS SPECIFIED BY CONTRIBUTORS AND SUPPORT OTHER EDUCATIONAL ACTIVITIES.
Expenses $1,466,795 · Grants $1,457,476 · Revenue $1,240,236
-
TO PROVIDE FINANCIAL ASSISTANCE TO THE STATE OF FLORIDA FOR THE COMPENSATION OF THE CHANCELLOR AND VICE CHANCELLOR OF THE FLORIDA BOARD OF GOVERNORS.
Expenses $285,782 · Grants $268,882 · Revenue $351,297
As filed on the 2023 return.
Listed in Part VII
-
Tim CerioTIM CERIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Ashley Bell BarnettASHLEY BELL BARNETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Patricia FrostPATRICIA FROST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Manny Diaz JrMANNY DIAZ JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Aubrey EdgeAUBREY EDGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Carson GoodCARSON GOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Brian LambBRIAN LAMB
CHAIR
- Total calculated
- $0
- Hours/week
- 0.1
-
John BrinkmanJOHN BRINKMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Ken JonesKEN JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Alan LevineALAN LEVINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Eric SilagyERIC SILAGY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Charles LydeckerCHARLES LYDECKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Vicki ShirleyVICKI SHIRLEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1
-
Tim JonesTIM JONES
TREASURER
- Total calculated
- $0
- Hours/week
- 0.1
-
Amanda PhalinAMANDA PHALIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Craig MateerCRAIG MATEER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Edward HaddockEDWARD HADDOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jose OliviaJOSE OLIVIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
STATE OF FLORIDA
$268,882
ASSIST STATE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 20 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432349349300108
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