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← FLORIDA ACHIEVEMENT SUPPORT TRUST

Form 990 for tax year 2024

Filed by FLORIDA ACHIEVEMENT SUPPORT TRUST.

Totals

Total revenue
$18,422,036
Total expenses
$14,939,313
Contributions and grants received
$18,361,068
Grants paid
$0
Program service revenue
$0
Investment income
$60,968
Other revenue
$0
Total assets, end of year
$5,089,526
Total liabilities, end of year
$147,536
Net assets or fund balances, end of year
$4,941,990
Program services expenses (Part IX)
$13,662,427
Management and general expenses
$1,276,886
Fundraising expenses
$0
Program service expenses (Part III)
$13,662,427

Program services were 91.5% 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.

  • 1f · All other contributions, gifts and grants

    $18,361,068

  • 3 · Investment income

    total $32,977 · excluded $32,977

  • 7a · Gross sales of assets other than inventory

    securities $27,991

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $27,991

  • 7d · Net gain or loss

    total $27,991 · excluded $27,991

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $400,000 · program services $400,000

  • 7 · Other salaries and wages

    total $688,770 · program services $688,770

  • 10 · Payroll taxes

    total $73,933 · program services $73,933

  • 11g · Fees: other

    total $65,819 · program services $65,819

  • 12 · Advertising and promotion

    total $1,073,805 · management and general $1,073,805

  • 13 · Office expenses

    total $97,452 · program services $12,302 · management and general $85,150

  • 17 · Travel

    total $529,574 · program services $529,574

  • 22 · Depreciation, depletion and amortization

    total $2,011 · management and general $2,011

  • 23 · Insurance

    total $54,508 · management and general $54,508

  • 24a · Other expenses: CONTRACT SERVICES

    total $11,883,109 · program services $11,883,109

  • 24b · Other expenses: BANK CHARGES AND CREDIT

    total $61,412 · management and general $61,412

  • 24c · Other expenses: PAYROLL FEES

    total $8,920 · program services $8,920

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,169,176 · end of year $697,202

  • 4 · Accounts receivable

    beginning of year $359,367 · end of year $4,286,826

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,789 · end of year $20,957

  • 10a · Land, buildings and equipment: cost or other basis

    $14,079

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,832

  • 10c · Land, buildings and equipment, net

    beginning of year $13,258 · end of year $11,247

  • 11 · Investments: publicly traded securities

    beginning of year $5,635 · end of year $73,294

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,652 · end of year $137,290

  • 23 · Secured mortgages and notes payable

    beginning of year $12,906 · end of year $8,213

  • 25 · Other liabilities

    beginning of year $37,400 · end of year $2,033

  • 27 · Net assets without donor restrictions

    beginning of year $1,177,560 · end of year $1,847,627

  • 28 · Net assets with donor restrictions

    beginning of year $281,707 · end of year $3,094,363

Mission and programs · 2024

Mission

SEE SCHEDULE O.

  • FLORIDA ACHIEVEMENT SUPPORT TRUST BEGAN OPERATIONS IN THE SUMMER OF 2022. IN 2024, FLORIDA ACHIEVEMENT SUPPORT TRUST WORKED WITH AND PROMOTED 16 DIFFERENT CHARITABLE ORGANIZATIONS THROUGH OVER 2,000 HOURS OF SERVICE WORK AND THOUSANDS OF SOCIAL MEDIA POSTS. FLORIDA ACHIEVEMENT SUPPORT TRUST ALSO HELD MULTIPLE FINANCIAL LITERACY MEETINGS FOR 160+ PARTICIPANTS. OUR ORGANIZATION IS PROUD TO MAKE SUCH A SIGNIFICANT IMPACT ON THE COMMUNITY. WE ARE RAISING AWARENESS OF THE IMPACTFUL WORK THAT OUR PARTNERS ARE DOING IN THE COMMUNITY AND MAKING A DIFFERENCE IN THE LIVES OF PEOPLE VIA FINANCIAL EDUCATION.

    Expenses $13,662,427

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOSE A COSTA III

    CHAIRMAN & TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • CARLOS MARTELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CHRISTOPHER BOYETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • FELIPE TORRES DE NAVARRA

    CFO

    Total calculated
    $0
    Hours/week
    10

  • NATHANIEL BARBERA

    CEO

    Total calculated
    $400,000
    From this org
    $400,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $400,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $400,000

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202513079349302956

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