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Nonprofiteer
← GROWFL INC

Form 990 for tax year 2022

Filed by GROWFL INC.

Totals

Total revenue
$851,420
Total expenses
$873,990
Contributions and grants received
$693,727
Grants paid
$0
Program service revenue
$157,693
Investment income
$0
Other revenue
$0
Total assets, end of year
$210,338
Total liabilities, end of year
$104,940
Net assets or fund balances, end of year
$105,398
Program services expenses (Part IX)
$873,990
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$873,990

Program services were 100.0% 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.

  • 1b · Membership dues

    $103,250

  • 1e · Government grants (contributions)

    $285,925

  • 1f · All other contributions, gifts and grants

    $304,552

  • 2a · Program service revenue: SYSTEM FOR INTEGRATE GROWTH

    total $118,500 · related or exempt $118,500

  • 2b · Program service revenue: GROWFL COMPANIES TO WATCH

    total $28,980 · related or exempt $28,980

  • 2c · Program service revenue: CHAPTER EVENTS

    total $6,128 · related or exempt $6,128

  • 2d · Program service revenue: OTHER EVENTS

    total $4,085 · related or exempt $4,085

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $10,073 · program services $10,073

  • 11g · Fees: other

    total $407,963 · program services $407,963

  • 12 · Advertising and promotion

    total $21,383 · program services $21,383

  • 13 · Office expenses

    total $29,372 · program services $29,372

  • 14 · Information technology

    total $22,983 · program services $22,983

  • 16 · Occupancy

    total $72,316 · program services $72,316

  • 17 · Travel

    total $27,585 · program services $27,585

  • 19 · Conferences, conventions and meetings

    total $18,215 · program services $18,215

  • 23 · Insurance

    total $955 · program services $955

  • 24a · Other expenses: SYSTEM INTEGRATED GROWTH

    total $147,507 · program services $147,507

  • 24b · Other expenses: ADVISORY BOARD

    total $25,137 · program services $25,137

  • 24c · Other expenses: CHAPTER EVENTS

    total $19,774 · program services $19,774

  • 24d · Other expenses: VIDEOGRAPHY

    total $17,896 · program services $17,896

  • 24e · All other expenses

    total $52,831 · program services $52,831

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $158,756 · end of year $149,041

  • 4 · Accounts receivable

    beginning of year $37,173 · end of year $13,177

  • 9 · Prepaid expenses and deferred charges

    end of year $120

  • 15 · Other assets

    end of year $48,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,961 · end of year $42,195

  • 25 · Other liabilities

    beginning of year $25,000 · end of year $62,745

  • 27 · Net assets without donor restrictions

    beginning of year $127,968 · end of year $105,398

Mission and programs · 2022

Mission

TO PROVIDE RESOURCES FOR CEOS OF SECOND-STAGE COMPANIES TO HELP THEM OVERCOME UNIQUE CHALLENGES AND ACCELERATE BUSINESS GROWTH.

  • COLLABORATIVE ACTIVITIES TO ASSIST SECOND-STAGE COMPANIES OVERCOME UNIQUE CHALLENGES AND ACCELERATE BUSINESS GROWTH. THIS PURPOSE ASSISTED APPROXIMATELY 150 COMPANIES IN FY 2022.

    Expenses $543,662

  • FLORIDA COMPANIES TO WATCH: THE ANNUAL EVENT HONORED THE TOP 50 COMPANIES IN FLORIDA THAT DEMONSTRATE GROWTH, INNOVATION, AND COMMUNITY CONTRIBUTION. IT WAS HELD AT HARD ROCK LIVE AND ATTENDED BY APPROXIMATELY 400 PEOPLE.

    Expenses $163,047 · Revenue $28,980

  • SYSTEM FOR INTEGRATED GROWTH: THROUGH THE GROWFL SYSTEM FOR INTEGRATED GROWTH (SIG), BUSINESS LEADERS CAN ACCESS JUST-IN-TIME EXPERTISE - WHEREVER A COMPANY NEEDS IT MOST. SIG ADDRESSES ISSUES IMPACTING THE GROWTH FOR SECOND-STAGE BUSINESS OWNERS, INCLUDING INTERNAL PROBLEMS SUCH AS HUMAN RESOURCES, FISCAL MANAGEMENT, OPERATIONS, AND EXTERNAL MATTERS THAT FOCUS ON EXPLORING NEW MARKETS, PREPARING TO EXPORT SALES, AND SUPPLY CHAIN. THE GOAL IS TO PROVIDE CEOS WITH FORTUNE 500-LEVEL DATA, INFORMATION, AND BEST PRACTICES THAT MAY BE TOO COSTLY TO ACCESS INDEPENDENTLY. GROWFL-SUPPORTED COMPANIES GREW THREE TIMES FASTER THAN THEIR PEERS BECAUSE THEY PARTICIPATED IN THE PROGRAM.

    Expenses $147,507 · Revenue $118,500

  • GROWFL REGIONAL CHAPTER EVENTS: GROWFL REGIONAL EVENTS ARE RESERVED FOR SECOND-STAGE COMPANY PRESIDENTS, CEOS, AND BUSINESS OWNERS. THE GROWFL CHAPTER EVENTS BRING TOGETHER SECOND-STAGE CEOS AND REGIONAL BUSINESS OWNERS QUARTERLY. EVENTS TYPICALLY FEATURE A SECOND OR THIRD-STAGE KEYNOTE SPEAKER WHO WILL SHARE HOW THEY HAVE GROWN THEIR BUSINESS, THE LESSONS THEY HAVE LEARNED ALONG THE WAY, THEIR CHALLENGES, AND THE SOLUTIONS THEY UTILIZED TO OVERCOME THOSE CHALLENGES. GROWFL REGIONAL CHAPTER EVENTS ARE HELD IN NORTHEAST, SOUTHEAST, EAST CENTRAL AND TAMPA BAY REGIONS OF FLORIDA.

    Expenses $19,774 · Revenue $4,085

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARIA ALFANO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER BARROWS

    PAST CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • DAVID CARRIER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • NANCY CREWS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GWEN GRIGGS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL HAYS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KELLY HILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT NEWLAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS O'NEAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PETE PREVITE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • FRANK SARAGOSSI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BARBARA STANKOWSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER TAYLOR

    CEO

    Total calculated
    $0
    Hours/week
    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
5 June 2024
IRS schema version
2022v5.0
Source object
202441739349300309

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