Civic Intelligence

Florida Fruit & Vegetable Research & Education Foundation Inc.

990 • Fiscal year 2020 • EIN 59-3047600

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

PO Box 948153Maitland, FL 32794

(321) 214-5200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.01x

Higher debt load relative to assets than 27% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

32nd percentile

0.04x

Higher debt load relative to revenue than 32% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

58th percentile

9.5%

Higher net margin than 58% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

56th percentile

8.6%

Faster asset growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

18th percentile

-27%

Faster revenue growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,192,019

Up $93,980 (+8.6%) from 2019

Net Assets

Up

$1,179,269

Up $93,408 (+8.6%) from 2019

Liabilities

Up

$12,750

Up $572 (+4.7%) from 2019

Revenue

Down

$284,351

Down $106,935 (-27%) from 2019

Expenses

Down

$257,285

Down $108,509 (-30%) from 2019

Net Income

Up

$27,066

Up $1,574 (+6.2%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $502,368Liabilities 2010: $0Net Assets 2010: $502,3682010Assets 2011: $475,236Liabilities 2011: $0Net Assets 2011: $475,2362011Assets 2012: $618,559Liabilities 2012: $146,710Net Assets 2012: $471,8492012Assets 2013: $792,876Liabilities 2013: $36,563Net Assets 2013: $756,3132013Assets 2014: $880,360Liabilities 2014: $77,719Net Assets 2014: $802,6412014Assets 2015: $1,072,467Liabilities 2015: $175,802Net Assets 2015: $896,6652015Assets 2016: $1,126,760Liabilities 2016: $251,802Net Assets 2016: $874,9582016Assets 2017: $1,104,195Liabilities 2017: $95,643Net Assets 2017: $1,008,5522017Assets 2018: $1,042,058Liabilities 2018: $21,813Net Assets 2018: $1,020,2452018Assets 2019: $1,098,039Liabilities 2019: $12,178Net Assets 2019: $1,085,8612019Assets 2020: $1,192,019Liabilities 2020: $12,750Net Assets 2020: $1,179,2692020Assets 2021: $1,350,511Liabilities 2021: $23,158Net Assets 2021: $1,327,3532021Assets 2022: $1,216,444Liabilities 2022: $31,146Net Assets 2022: $1,185,2982022Assets 2023: $1,272,459Liabilities 2023: $2,185Net Assets 2023: $1,270,2742023Assets 2024: $1,408,056Liabilities 2024: $7,767Net Assets 2024: $1,400,2892024

Highlighted filing

2020

Assets$1,192,019
Liabilities$12,750
Net Assets$1,179,269

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $421,9502010Expenses 2011: $315,0252011Expenses 2012: $737,1892012Revenue 2013: $1,192,362Expenses 2013: $907,898Net Income 2013: $284,4642013Revenue 2014: $1,027,537Expenses 2014: $978,993Net Income 2014: $48,5442014Revenue 2015: $1,426,080Expenses 2015: $1,325,870Net Income 2015: $100,2102015Revenue 2016: $1,612,199Expenses 2016: $1,637,990Net Income 2016: -$25,7912016Revenue 2017: $1,601,889Expenses 2017: $1,493,944Net Income 2017: $107,9452017Revenue 2018: $904,922Expenses 2018: $852,816Net Income 2018: $52,1062018Revenue 2019: $391,286Expenses 2019: $365,794Net Income 2019: $25,4922019Revenue 2020: $284,351Expenses 2020: $257,285Net Income 2020: $27,0662020Revenue 2021: $548,670Expenses 2021: $391,543Net Income 2021: $157,1272021Revenue 2022: $306,426Expenses 2022: $326,046Net Income 2022: -$19,6202022Revenue 2023: $350,055Expenses 2023: $315,273Net Income 2023: $34,7822023Revenue 2024: $485,783Expenses 2024: $365,728Net Income 2024: $120,0552024

Highlighted filing

2020

Revenue$284,351
Expenses$257,285
Net Income$27,066
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$360,694
Mission and Program Overview

Mission

Ffva research and education foundation benefits the general public through initiatives that provide solutions to challenges facing specialty crop producers and their stakeholders.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$727,549$835,614▲ $108,065
Savings and Temporary Cash Investments$369,740$347,940▼ $21,800
Pledges and Grants Receivable$750$5,945▲ $5,195
Prepaid Expenses and Deferred Charges$0$2,520▲ $2,520
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,098,039$1,192,019▲ $93,980
Other Assets Total$0$0→ $0
Liabilities
Escrow Account Liability$0$12,750▲ $12,750
Accounts Payable and Accrued Expenses$12,178$0▼ $12,178
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$12,178$12,750▲ $572
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$663,807$668,885▲ $5,078
Net Assets With Donor Restrictions$422,054$510,384▲ $88,330
Total Net Assets Fund Balance$1,085,861$1,179,269▲ $93,408
Total Liabilities and Net Assets / Fund Balance$1,098,039$1,192,019▲ $93,980

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$7,951$7,951
Other Securities$835,614--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tracy Duda-chapmanChairman
Tony DimareEx-CHAIRMAN
Joe HodgesVice Chair
Alan HairDirector
April Roe PorterDirector
Ashley LaysonDirector
Chuck AllisonDirector
Eric BonnettDirector
Juan David Castro-AnzolaDirector
Keith MixonDirector
Martha RobertsDirector
Michael J StuartDirector
Michael JoynerDirector
Paul R OrsenigoDirector
Sonia TigheEx Officio
Halston FernandezSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$202,474
Program Service Revenue
$32,450
Investment Income
$43,272
Other Revenue
$6,155
All Other Contributions
$134,178
Change in Net Assets
$27,066
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$137,056
Grants and Similar Amounts Paid$120,229
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$120,229--$120,229
Fees for Services Management-$64,200-$64,200
Conferences and Meetings$36,071$139-$36,210
Travel$19,231--$19,231
Fees for Services Accounting-$2,884-$2,884
All Other Expenses-$2,486-$2,486
Fees for Services Other-$389-$389
Other Expenses$0$91-$91
Office Expenses-$17-$17
Total Functional Expenses$183,430$73,855$0$257,285
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wild Seed Marketing IncMemphis, TN-Marketing Peaches$34,300
FFVA Mutual InvitationalMaitland, FL-Support$29,673
Chernoff NewmanMaitland, FL-Marketing Peaches$23,301
Feeding FloridaTallahassee, FL-Farmers Feeding Florida 2, Bayer/fscf$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 2:

Alan Hair, Michael Joyner, Sonia Tighe & Halston Fernandez - Officers Sonia Tighe - Employee

FORM 990. PART VI, SECTION B, LINE 11:

The 990 return is reviewed by the executive director and treasurer before filing.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes the governing documents, conflict of interest policy, and financial statements available to the public upon request.

FORM 990, PART VI, LINE 12C:

The board completes a conflict of interest policy form on an annual basis.

Filing and Contact Details

Filer

Filer Name
Florida Fruit & Vegetable Research &
EIN
59-3047600
In Care Of
% HALSTON FERNANDEZ
Phone
3212145200
Address
PO Box 948153, Maitland, FL 32794

Signing Officer

Name
Halston Fernandez
Title
Secretary/treasurer
Phone
3212145200
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Halston Fernandez
Formed
1991
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
10
Employees
0
Volunteers
21

Preparer

Firm
Withumsmithbrownpc
Address
200 S ORANGE AVESTE 1200, ORLANDO, FL 32801-3400
Preparer
Russell Goldberg CPA
Phone
4078491569
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

Ffva research and education foundation benefits the general public through initiatives that provide solutions to challenges facing specialty crop producers and their stakeholders.

FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES:

The foundation engages in philanthropic, educational and research projects to benefit the specialty crop industry in florida. In addition to the foundation's primary programs which include managing the emerging leader development program, the ag labor forum, and the epm outreach program, the foundation's other programs also help support the organization's mission. These other programs include the florida regulatory tour, conducting a golf tournament and a benefit auction to raise funds for the foundation's programs; participating in grant activities to support the industry, such as scientific research on pest and disease, or marketing programs for florida commodities; and producing educational seminars on industry issues such as food safety.

Financial Statement Notes

Part IV, Line 2B

Ffva research and education foundation received funds in escrow for postponed florida regulatory tour and golf tournament.

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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
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IRS990/MembersOrStockholdersInd0false
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IRS990/OfficeExpensesGrp/TotalAmt017
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc2POSTAGE & SHIPPING
IRS990/OtherExpensesGrp/Desc3TELEPHONE
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13451
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt06450
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IRS990/PYInvestmentIncomeAmt038602
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IRS990/PYOtherExpensesAmt0216597
IRS990/PYOtherRevenueAmt034143
IRS990/PYProgramServiceRevenueAmt082845
IRS990/PYRevenuesLessExpensesAmt025492
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0365794
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0391286
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt027066
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt026000

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.01$1.40$0.49$0.37$0.12
2023Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$0.35$0.32$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.22$0.03$1.19$0.31$0.33$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.35$0.02$1.33$0.55$0.39$0.16
2020Detailed filing. Detailed filing data is available for this year.$1.19$0.01$1.18$0.28$0.26$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.10$0.01$1.09$0.39$0.37$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.04$0.02$1.02$0.90$0.85$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.10$0.10$1.01$1.60$1.49$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.13$0.25$0.87$1.61$1.64$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.07$0.18$0.90$1.43$1.33$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.88$0.08$0.80$1.03$0.98$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.79$0.04$0.76$1.19$0.91$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.15$0.47$0.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.00$0.48$0.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.00$0.50$0.42