Civic Intelligence

Enterprise Florida Inc

EIN 59-3165226 • 501(c)3 • Orlando, FL

Profile

To facilitate job growth for florida's businesses and citizens leading to a vibrant statewide economy.

800 North Magnolia Ave Suite 1100Orlando, FL 32803

www.eflorida.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

1st percentile

-505%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$235,605

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

2nd percentile

-96%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-88%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,946,424

Down $90,426,835 (-96%) from 2023

Liabilities

Down

$0

Down $28,173,197 (-100%) from 2023

Net Assets

Down

$3,946,424

Down $62,253,638 (-94%) from 2023

Revenue

Down

$2,275,761

Down $16,210,578 (-88%) from 2023

Expenses

Down

$13,779,110

Down $9,869,755 (-42%) from 2023

Net Income

Down

-$11,503,349

Down $6,340,823 (-123%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0Assets 2011: $48,931,716Liabilities 2011: $38,432,693Net Assets 2011: $10,499,0232011Assets 2012: $62,410,604Liabilities 2012: $37,339,438Net Assets 2012: $25,071,1662012Assets 2013: $74,121,118Liabilities 2013: $25,917,079Net Assets 2013: $48,204,0392013Assets 2014: $154,044,753Liabilities 2014: $84,304,860Net Assets 2014: $69,739,8932014Assets 2015: $172,539,096Liabilities 2015: $96,657,826Net Assets 2015: $75,881,2702015Assets 2016: $191,973,711Liabilities 2016: $118,381,674Net Assets 2016: $73,592,0372016Assets 2017: $201,555,153Liabilities 2017: $123,272,682Net Assets 2017: $78,282,4712017Assets 2018: $177,756,518Liabilities 2018: $105,654,172Net Assets 2018: $72,102,3462018Assets 2019: $138,696,162Liabilities 2019: $69,073,878Net Assets 2019: $69,622,2842019Assets 2020: $121,436,134Liabilities 2020: $48,678,745Net Assets 2020: $72,757,3892020Assets 2021: $124,862,857Liabilities 2021: $43,019,245Net Assets 2021: $81,843,6122021Assets 2022: $104,746,338Liabilities 2022: $33,383,750Net Assets 2022: $71,362,5882022Assets 2023: $94,373,259Liabilities 2023: $28,173,197Net Assets 2023: $66,200,0622023Assets 2024: $3,946,424Liabilities 2024: $0Net Assets 2024: $3,946,4242024

Highlighted filing

2024

Assets$3,946,424
Liabilities$0
Net Assets$3,946,424

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2011: $17,297,6292011Expenses 2012: $21,210,7902012Expenses 2013: $37,405,9242013Revenue 2014: $46,461,445Expenses 2014: $25,015,743Net Income 2014: $21,445,7022014Revenue 2015: $35,397,636Expenses 2015: $29,256,259Net Income 2015: $6,141,3772015Revenue 2016: $33,070,212Expenses 2016: $35,359,445Net Income 2016: -$2,289,2332016Revenue 2017: $43,003,100Expenses 2017: $38,486,296Net Income 2017: $4,516,8042017Revenue 2018: $22,550,410Expenses 2018: $28,730,535Net Income 2018: -$6,180,1252018Revenue 2019: $23,165,944Expenses 2019: $20,646,006Net Income 2019: $2,519,9382019Revenue 2020: $22,180,263Expenses 2020: $18,632,658Net Income 2020: $3,547,6052020Revenue 2021: $26,160,378Expenses 2021: $17,143,029Net Income 2021: $9,017,3492021Revenue 2022: $16,140,627Expenses 2022: $26,558,235Net Income 2022: -$10,417,6082022Revenue 2023: $18,486,339Expenses 2023: $23,648,865Net Income 2023: -$5,162,5262023Revenue 2024: $2,275,761Expenses 2024: $13,779,110Net Income 2024: -$11,503,3492024

Highlighted filing

2024

Revenue$2,275,761
Expenses$13,779,110
Net Income-$11,503,349

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.95$0.00$3.95$2.28$13.8$11.5
2023Detailed filing. Detailed filing data is available for this year.$94.4$28.2$66.2$18.5$23.6$5.16
2022Detailed filing. Detailed filing data is available for this year.$105$33.4$71.4$16.1$26.6$10.4
2021Detailed filing. Detailed filing data is available for this year.$125$43.0$81.8$26.2$17.1$9.02
2020Detailed filing. Detailed filing data is available for this year.$121$48.7$72.8$22.2$18.6$3.55
2019Detailed filing. Detailed filing data is available for this year.$139$69.1$69.6$23.2$20.6$2.52
2018Detailed filing. Detailed filing data is available for this year.$178$106$72.1$22.6$28.7$6.18
2017Detailed filing. Detailed filing data is available for this year.$202$123$78.3$43.0$38.5$4.52
2016Detailed filing. Detailed filing data is available for this year.$192$118$73.6$33.1$35.4$2.29
2015Detailed filing. Detailed filing data is available for this year.$173$96.7$75.9$35.4$29.3$6.14
2014Detailed filing. Detailed filing data is available for this year.$154$84.3$69.7$46.5$25.0$21.4
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.1$25.9$48.2$37.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.4$37.3$25.1$21.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.9$38.4$10.5$17.3
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jun 23, 2025
Return Version
2023v6.0
Gross Receipts
$2,442,891
Mission and Program Overview

Mission

Organization was dissolved 12/1/23.

Enterprise florida, inc. ("efi") accomplishes its mission of facilitating job growth for florida's businesses and citizens by focusing on a wide range of industry sectors, including clean energy, life sciences, information technology, aviation/aerospace, homeland security/defense, financial/professional services and manufacturing. In collaboration with a statewide network of regional and local economic development organizations, efi helps to improve florida's business climate, ensuring the state's global competitiveness. Efi is committed to assisting companies confidentially with their expansion and location plans. Efi provides site selection services, demographic information, incentive information, trade leads and much more. We also coordinate introductions to our network of economic development partners located throughout the state.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$39,946,010--
Savings and Temporary Cash Investments$44,681,449$3,524,853▼ $41,156,596
Prepaid Expenses and Deferred Charges$1,410,183$0▼ $1,410,183
Land, Buildings, and Equipment, Net$230,934$0▼ $230,934
Investments Other Securities$37,125$0▼ $37,125
Accounts Receivable$210,423$1,511▼ $208,912
Total Assets$94,373,259$3,946,424▼ $90,426,835
Other Assets Total$7,857,135$420,060▼ $7,437,075
Liabilities
Escrow Account Liability$17,274,090$0▼ $17,274,090
Other Liabilities$5,582,235$0▼ $5,582,235
Accounts Payable and Accrued Expenses$5,166,215$0▼ $5,166,215
Deferred Revenue$150,657$0▼ $150,657
Total Liabilities$28,173,197$0▼ $28,173,197
Net Assets / Fund Balance
Net Assets With Donor Restrictions$47,861,963$0▼ $47,861,963
Net Assets Without Donor Restrictions$18,338,099$3,946,424▼ $14,391,675
Total Net Assets Fund Balance$66,200,062$3,946,424▼ $62,253,638
Total Liabilities and Net Assets / Fund Balance$94,373,259$3,946,424▼ $90,426,835

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$420,060--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura DibellaPresident & CEOFT$214,956$20,649$235,605
Robert J HarveyGeneral Counsel (thru 11/17/23)FT$171,112$17,886$188,998
Angela SuggsPres/CEO of Fsf (thru 10/21/23)-$148,124$25,099$173,223
Lynette Michel ByarsVP, It (thru 11/17/23)FT$116,535$25,410$141,945
Destin Brian WellsSr. Vice President (thru 7/28/23)FT$122,090$18,563$140,653
Matthew SwansonSVP/CFO (thru 10/17/23)FT$118,635$18,541$137,176
Jose a VillamilSr. Vice President (thru 10/6/23)FT$107,324$24,799$132,123
Pauline ForrestVP, Hr (thru 11/17/23)FT$107,327$19,057$126,384
Lori BrundageVP, Marketing (thru 7/21/23)FT$107,892$13,915$121,807

Board Members and Trustees

NameTitle
Ron DesantisChairperson
Freddie FiggersVice Chair (thru 3/31/2024)
Anthony BarbarDirector
Ashley MoodyDirector
Bob WardDirector
Brian PhillippiDirector
Chase DanielsDirector
Chester JonesDirector
Christopher NoccoDirector
Danielle ScogginsDirector
Danny GaekwadDirector
David BevirtDirector
Dominic CalabroDirector
Elizabeth GuzzoDirector
Eric JohnsonDirector
Henry MackDirector
James PercivalDirector
Jim BoydDirector
Jimmy PatronisDirector
Jonathan BarbarDirector
Jonathan SatterDirector
Kelli StargelDirector
Kevin DoyleDirector
Manny Diaz JrDirector
Margy GrantDirector
Michael SimasDirector
Nicole FriedDirector
Richard CorcoranDirector
Richard MartinDirector
Rodney CruiseDirector
Scott Fennell CPADirector
Scott RossDirector
Secretary Cord ByrdDirector
Secretary Laurel LeeDirector
Sonya Deen HartleyDirector
Stephanie SmithDirector
Troy LinkDirector
Wilton SimpsonDirector
Gary SpulakDirector (began 8/1/2023)
David H MelvinDirector (thru 1/26/2024)
Cary PutrinoDirector (thru 11/30/2023)
Gordon BaileyDirector (thru 11/30/2023)
Joe MayerDirector (thru 12/31/2023)
Joe YorkDirector (thru 12/31/2023)
S Reeves ValentineDirector (thru 12/31/2023)
Thomas PennekampDirector (thru 12/31/2023)
Cathy ChambersDirector (thru 2/28/2024)
Crystal StilesDirector (thru 2/28/2024)
Marva JohnsonDirector (thru 2/28/2024)
Jill GranatDirector (thru 2/9/2024)
Jose CilDirector (thru 2/9/2024)
Steve DanonDirector (thru 2/9/2024)
Sonya MontgomeryDirector (thru 3/22/2024)
James CummaroDirector (thru 3/31/2024)
Stephen RossiterDirector (thru 3/31/2024)
Archie CollinsDirector (thru 5/31/2024)
Gene SchaeferDirector (thru 5/31/2024)
Holly BorgmannDirector (thru 5/31/2024)
Joshua T BaumgartnerDirector (thru 5/31/2024)
Laura CrouchDirector (thru 5/31/2024)
Melissa SeixasDirector (thru 7/31/2023)
Belinda KeiserDirector (thru 8/1/2023)
Ron GoncalvesDirector (thru 8/19/2023)
Leo J GovoniDirector (thru 8/25/2023)
Bob RitchieDirector (thru 8/26/2023)
Nick MiceliDirector (thru 8/31/2023)
Bob RommelDirector (thru 9/30/2023)
Bryan AvilaDirector (thru 9/30/2023)
Cody KhanDirector (thru 9/30/2023)
Dean CannonDirector (thru 9/30/2023)
Erick StratiDirector (thru 9/30/2023)
Jesse BiterDirector (thru 9/30/2023)
Julie PelletierDirector (thru 9/30/2023)
Katherine San PedroDirector (thru 9/30/2023)
Kelly MaddenDirector (thru 9/30/2023)
Mori HosseiniDirector (thru 9/30/2023)
William a NewsomDirector (thru 9/30/2023)
Yolanda Cash JacksonDirector (thru 9/30/2023)

Highest Paid Contractors

ContractorServicesLocationCompensation
Hyland Global Solutions LLCTradeshow Consulting157 SUSSEX AVENUE, Morristown, NJ 07960-2950, Ei$646,236
Oco GlobalInternational Office Managing ServicesSTOCKUMER KIRCHSTRASSE 61, Dusseldorf, Gm$380,484
Messe Dusseldorf GmbhTradeshow ConsultingINAC BLDG 4F 5-18-23 ROPPONGI M, Tokyo, Ja$267,980
Fenetre Partners Ltd - JapanTradeshow ConsultingLYONER STRASSE 34, Frankfurt, Gm$232,413
Pm & Partner Marketing ConsultingInternational Office Managing Services-$225,206
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,255,465
Investment Income
$20,296
Other Revenue
$0
Change in Net Assets
$-11,503,349
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,191,592
Salaries, Compensation, and Employee Benefits$982,196
Grants and Similar Amounts Paid$605,322
Total Fundraising Expense$25,928
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$799,237$112,864$164$912,265
Other Expenses$703,695$1,893,338-$703,695
Grants to Domestic Orgs$605,322--$605,322
Office Expenses$339,177$224,570-$563,747
Other Salaries and Wages$405,387$39,983$1,798$447,168
Occupancy$108,938$188,726$15,389$313,053
Current Officers, Directors, Trustees, and Key Employees$174,719$29,124$1,412$205,255
Other Employee Benefits$82,321$66,182$3,492$151,995
Advertising$34,691$69,781-$104,472
Fees for Services Legal-$97,154-$97,154
Insurance-$94,212-$94,212
Pension Plan Contributions$59,219$29,561$1,494$90,274
Payroll Taxes$43,316$42,009$2,179$87,504
Fees for Services Accounting-$56,579-$56,579
Travel$11,835$22,065-$33,900
Conferences and Meetings$6,618$9,584-$16,202
Depreciation Depletion$2,034$2,035-$4,069
Total Functional Expenses$10,489,092$3,264,090$25,928$13,779,110
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of JacksonvilleJacksonville, FL-Land Use Grant$220,368
University of West FloridaPensacola, FL-Defense Training Grant$145,991
John Worthington Dba Ibt Online LLCFort Lauderdale, FL-Website Localization$24,000
University of West FloridaPensacola, FLGovExport Marketing Plan Grant$18,000
Loggerhead Instruments IncSarasota, FLGovInternational Registration/certification Grant$10,000
Continental Aircraft SupportMiami Lakes, FLGovTarget Sector Trade Show Grant$9,916
Delta International IncMiami, FL-Target Sector Trade Show Grant$7,500
Loos & Co IncNaples, FL-Target Sector Trade Show Grant$7,500
Red Six Aerospace Inc Dba Red 6 Defense Systems LLCOrlando, FL-Target Sector Trade Show Grant$7,500
Tic Aerospace IncMiami, FL-Target Sector Trade Show Grant$6,810
Salvo Technologies IncLargo, FL-Target Sector Trade Show Grant$6,542

International Summary

Offices
11
Employees
11
Spending
$651,522

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram ServicesForeign Office Representation44$298,322
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,Program ServicesForeign Office Representation22$128,667
North America - Canada and Mexico, But But Not the United StatesProgram ServicesForeign Office Representation22$92,866
South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador,Program ServicesForeign Office Representation11$56,667
Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt,Program ServicesForeign Office Representation11$40,000
Sub-saharan Africa - Angola, Benin, Botswana, Burkina, Faso,Program ServicesForeign Office Representation11$35,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The executive committee is delegated authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The form 990 is distributed to the board of directors for review prior to filing.

Form 990, Part VI, Section B, Line 12C

Board members are required annually to complete a conflict of interest form and return it to the organization's compliance department. The compliance department then cross-references the completed forms with a list of the organization's contracts to determine if there is a conflict. If there is, it is submitted for board approval. If the potential conflict involves a member of the board, the involved board member must abstain from voting on the issue. In addition, the organization gives a list of board members to potential grantees and asks if any of the members are associated with their organization/company.

Form 990, Part VI, Section B, Line 15A

The organization has salary and compensation guidelines that are developed by the board of directors and approved by the finance and compensation committee, an independent committee within the board of directors. Officer and employee salaries are reviewed internally on an annual basis and compared to various salary surveys of local and other economic development organizations. Every three to four years, an external salary survey is completed by an independent firm. The president/ceo salary is reviewed and approved by the finance and compensation committee and board of directors.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request, and posted on www.enterpriseflorida.com website on the transparency page.

Filing and Contact Details

Filer

Filer Name
Enterprise Florida Inc
EIN
59-3165226
Phone
4079565600
Address
800 NORTH MAGNOLIA AVE SUITE 1100, ORLANDO, FL 32803

Signing Officer

Name
Matt Swanson
Title
Senior VP/CFO
Phone
4079565600
Signed
2025-06-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Swanson
Formed
1996
Legal Domicile
Fl
Voting Board Members
38
Independent Board Members
38
Employees
90
Volunteers
78

Preparer

Firm
Cherry Bekaert Advisory LLC
Address
300 S ORANGE AVENUE STE 1000, ORLANDO, FL 32801
Preparer
Melanie Mcpeak
Phone
4074237911
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

The florida state legislature passed and the governor signed into law committee substitute for committee substitute for house bill 5 "an act relating to economic programs" which codified as chapter 2023-173, laws of florida ("hb 5"). Effective december 1, 2023 hb 5 transfers the duties and functions of efi to the newly created florida department of commerce (the "department of commerce") and the other entities and required efi to coordinate the development and implementation of the transition plan.

FORM 990, PART XI, LINE 9:

Transfer to floridacommerce -43,204,935. Transfer to select florida -7,485,618. Capital asset transfer to select florida -59,736.

Financial Statement Notes

PART X, LINE 2:

The organization's policy is to record a liability for any tax position taken that is beneficial to the organization, including any related interest and penalties, when it is more likely than not the position taken by management will be overturned by a taxing authority upon examination. Management believes there are no such positions as of june 30, 2024 and, accordingly, no liability has been accrued.

Raw XML AppendixShowing 400 of 1,557 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0ENTERPRISE FLORIDA, INC. ("EFI") ACCOMPLISHES ITS MISSION OF FACILITATING JOB GROWTH FOR FLORIDA'S BUSINESSES AND CITIZENS BY FOCUSING ON A WIDE RANGE OF INDUSTRY SECTORS, INCLUDING CLEAN ENERGY, LIFE SCIENCES, INFORMATION TECHNOLOGY, AVIATION/AEROSPACE, HOMELAND SECURITY/DEFENSE, FINANCIAL/PROFESSIONAL SERVICES AND MANUFACTURING. IN COLLABORATION WITH A STATEWIDE NETWORK OF REGIONAL AND LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS, EFI HELPS TO IMPROVE FLORIDA'S BUSINESS CLIMATE, ENSURING THE STATE'S GLOBAL COMPETITIVENESS. EFI IS COMMITTED TO ASSISTING COMPANIES CONFIDENTIALLY WITH THEIR EXPANSION AND LOCATION PLANS. EFI PROVIDES SITE SELECTION SERVICES, DEMOGRAPHIC INFORMATION, INCENTIVE INFORMATION, TRADE LEADS AND MUCH MORE. WE ALSO COORDINATE INTRODUCTIONS TO OUR NETWORK OF ECONOMIC DEVELOPMENT PARTNERS LOCATED THROUGHOUT THE STATE.
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IRS990/Desc0BUSINESS DEVELOPMENT - RESPONSIBLE FOR COORDINATING NATIONAL AND INTERNATIONAL BUSINESS DEVELOPMENT BY MANAGING PROJECTS TO INCREASE CAPITAL INVESTMENT AND JOBS IN FLORIDA. THE DIVISION ASSISTS BUSINESSES WITH SITE LOCATION IN ORDER TO FACILITATE JOB CREATION AND RETENTION WITHING THE STATE OF FLORIDA. THE DIVISION WORKS WITH COUNTIES TO ATTRACT HIGH QUALITY JOBS WITHIN THE STATE'S TARGETED INDUSTRIES. THE DIVISION FOSTERS RELATIONSHIPS WITH SITE SELECTORS, INDUSTRY LEADERS AND FLORIDA'S 67 LOCAL PARTNERS.
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