Civic Intelligence

Enterprise Florida Inc.

990 • Fiscal year 2023 • EIN 59-3165226

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2025

Organization ProfileWWW.EFLORIDA.COM

View Organization Page

800 North Magnolia Ave Suite 1100Orlando, FL 32803

(407) 956-5600

Siviq Scores

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

Liabilities / Assets

54th percentile

0.30x

Higher debt load relative to assets than 54% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

80th percentile

1.52x

Higher debt load relative to revenue than 80% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

10th percentile

-28%

Higher net margin than 10% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

19th percentile

$194,008

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

7th percentile

-9.9%

Faster asset growth than 7% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

71st percentile

15%

Faster revenue growth than 71% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$94,373,259

Down $10,373,079 (-9.9%) from 2022

Net Assets

Down

$66,200,062

Down $5,162,526 (-7.2%) from 2022

Liabilities

Down

$28,173,197

Down $5,210,553 (-16%) from 2022

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin10th percentile

Revenue

Up

$18,486,339

Up $2,345,712 (+15%) from 2022

Expenses

Down

$23,648,865

Down $2,909,370 (-11%) from 2022

Net Income

Up

-$5,162,526

Up $5,255,082 (+50%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$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

2023

Assets$94,373,259
Liabilities$28,173,197
Net Assets$66,200,062
Open 2023 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$18,486,339
Expenses$23,648,865
Net Income-$5,162,526
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2025
Return Version
2022v5.0
Gross Receipts
$18,486,339
Mission and Program Overview

Mission

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

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
Savings and Temporary Cash Investments$55,582,809$44,681,449▼ $10,901,360
Investments Program Related$42,681,566$39,946,010▼ $2,735,556
Prepaid Expenses and Deferred Charges$1,641,603$1,410,183▼ $231,420
Land, Buildings, and Equipment, Net$26,218$230,934▲ $204,716
Accounts Receivable$161,507$210,423▲ $48,916
Investments Other Securities$50,000$37,125▼ $12,875
Total Assets$104,746,338$94,373,259▼ $10,373,079
Other Assets Total$4,602,635$7,857,135▲ $3,254,500
Liabilities
Escrow Account Liability$26,557,110$17,274,090▼ $9,283,020
Other Liabilities$4,817,777$5,582,235▲ $764,458
Accounts Payable and Accrued Expenses$1,554,375$5,166,215▲ $3,611,840
Deferred Revenue$454,488$150,657▼ $303,831
Total Liabilities$33,383,750$28,173,197▼ $5,210,553
Net Assets / Fund Balance
Net Assets With Donor Restrictions$48,061,801$47,861,963▼ $199,838
Net Assets Without Donor Restrictions$23,300,787$18,338,099▼ $4,962,688
Total Net Assets Fund Balance$71,362,588$66,200,062▼ $5,162,526
Total Liabilities and Net Assets / Fund Balance$104,746,338$94,373,259▼ $10,373,079

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$228,404$937,408$1,165,812
Other Land Buildings$2,453$392,424$394,877
Leasehold Improvements$77$216,429$216,506
Investment Program Related Org$50,000--
Other Assets Org$893--
Compensation and Service Providers
Top Officer Pay19th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Angela SuggsSVP Sports Dev/fsf Pres&CEO-$172,725$21,283$194,008
Destin WellsSVP Business DevelopmentFT$152,547$39,537$192,084
Jose VillamilSVP INT'L TRADE & DEVELOPFT$136,432$37,823$174,255
Desiree DovaleVice President to 6/2023FT$126,909$21,912$148,821
Brian MimbsChief of Staff to 8/2022FT$125,549$19,535$145,084
Natalie McelweeSVP CommunicationsFT$116,599$20,876$137,475
Janet JainarainVP INT'L MARKETING & RESEARCHFT$100,108$36,362$136,470
David RogersCOO to 8/2022FT$120,478$6,485$126,963
Marc AdlerPresident & CEO to 8/2022FT$106,653$4,663$111,316
Laura Dibella From 22023Sec of Commerce/pres & CEOFT$71,254$12,104$83,358
Tyler RussellChief of Staff 9/2022-6/2023FT$32,275$6,158$38,433
Matthew SwansonSVP/CFO From 10/2022FT$23,582$4,906$28,488

Board Members and Trustees

NameTitle
Ron DesantisChairperson
Freddy FiggersVice Chair From 4/2023
Holly BorgmannVice Chair to 3/2023
Anthony BarbarDirector
Archie CollinsDirector
Ashley MoodyDirector
Belinda KeiserDirector
Bob RitchieDirector
Bob RommelDirector
Bob WardDirector
Brian CurtinDirector
Bryan AvilaDirector
Cary PutrinoDirector
Cathy ChambersDirector
Cody KhanDirector
Crystal StilesDirector
Danny GaekwadDirector
David H MelvinDirector
Dean CannonDirector
Dominic CalabroDirector
Elizabeth GuzzoDirector
Eric JohnsonDirector
Gordon BaileyDirector
Henry MackDirector
James CummaroDirector
James PercivalDirector
Jesse BiterDirector
Jill GranatDirector
Jim BoydDirector
Jimmy PatronisDirector
Joe MayerDirector
Joe YorkDirector
John ProvenzanoDirector
Jonathan BarbarDirector
Jose CilDirector
Joshua T BaumgartnerDirector
Katherine San PedroDirector
Kelli StargelDirector
Kevin DoyleDirector
Laura CrouchDirector
Manny Diaz JrDirector
Melanie Parrish BonannoDirector
Melissa SeixasDirector
Michael SimasDirector
Mori HosseiniDirector
Nick MiceliDirector
Nicole FriedDirector
Richard CorcoranDirector
Richard MartinDirector
Rodney CruiseDirector
Ron GoncalvesDirector
S Reeves ValentineDirector
Scott FennellDirector
Scott RossDirector
Secretary Cord ByrdDirector
Secretary Laurel LeeDirector
Sonya Deen HartleyDirector
Sonya MontgomeryDirector
Stephanie SmithDirector
Stephen RossiterDirector
Steve DanonDirector
Thomas CulliganDirector
Thomas PennekampDirector
Troy LinkDirector
William a NewsomDirector
Wilton SimpsonDirector
Yolanda Cash JacksonDirector
Chase DanielsDirector From 10/2022
Christopher NoccoDirector From 10/2022
Erick StratiDirector From 10/2022
Julie PelletierDirector From 10/2022
Kelly MaddenDirector From 10/2022
Marva JohnsonDirector From 3/2023
Gene SchaeferDirector From 6/2023
Leo J GovoniDirector From 8/2022
Brian PhillipiDirector From 9/2022
Chester JonesDirector From 9/2022
Jonathan SatterDirector From 9/2022
Eric SilagyDirector to 2/2023
Jeffrey Senese PhdDirector to 2/2023
David DenorDirector to 5/2023
KEVIN O'CONNORDirector to 5/2023
Kyle GilleyDirector to 5/2023
Vickie ChachereDirector to 5/2023
Barbara EssenwineDirector to 7/2022
Gary SpulakDirector to 7/2022
Daniel DavisDirector to 9/2022
Donald DanielsDirector to 9/2022
Jason ClementDirector to 9/2022
Jose GonzalezDirector to 9/2022
Maribeth BisienereDirector to 9/2022
Paul F BrowningDirector to 9/2022

Highest Paid Contractors

ContractorServicesLocationCompensation
Oco GlobalInternational Office Managing Services6 CITYLINK BUSINESS PARK, Belfast, NORTHERN IRELAND, Ei$418,392
Institute Of Advanced FinanceInternational Office Managing ServicesJENNER 3-1, Madrid, Sp$201,667
Pm & Partner Marketing ConsultingInternational Office Managing ServicesLYONER STRASSE 34, Frankfurt, Gm$201,667
Apco Worldwide LimitedInternational Office Managing Services181 DES VOEUX ROAD CENTRAL, Sheung Way, Hk$197,961
Fenetre Partners Ltd - JapanInternational Office Managing ServicesINAC BLDG 4F 5-18-23 ROPPONGI M, Tokyo, Ja$196,771
Revenue and Support

Revenue Composition

Contributions and Grants
$15,142,500
Program Service Revenue
$2,671,067
Investment Income
$672,772
Other Revenue
$0
All Other Contributions
$1,142,500
Change in Net Assets
$-5,162,526
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,048,624
Salaries, Compensation, and Employee Benefits$6,946,697
Grants and Similar Amounts Paid$3,653,544
Total Fundraising Expense$159,878
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,535,405$1,916,308$83,847$4,535,560
Grants to Domestic Orgs$3,653,544--$3,653,544
Fees for Services Other$2,077,409$426,830$3,683$2,507,922
Advertising$117,497$1,384,701-$1,502,198
Current Officers, Directors, Trustees, and Key Employees$618,741$448,983$19,587$1,087,311
Occupancy$429,530$495,713$30,444$955,687
Office Expenses$492,679$283,644-$776,323
Other Expenses$450,243$227,178-$677,421
Other Employee Benefits$309,342$208,883$9,340$527,565
Pension Plan Contributions$254,511$139,663$5,621$399,795
Payroll Taxes$220,643$168,467$7,356$396,466
Conferences and Meetings$51,996$136,798-$188,794
Fees for Services Legal-$110,792-$110,792
Travel$26,543$54,767-$81,310
Insurance-$74,643-$74,643
Fees for Services Accounting-$62,400-$62,400
All Other Expenses$53,382$994-$54,376
Depreciation Depletion$12,910$12,910-$25,820
Fees for Services Lobbying-$497-$497
Total Functional Expenses$16,826,851$6,662,136$159,878$23,648,865
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Polk CountyBartow, FL-Land Use Grant$546,401
Clay County Development AuthorityFleming Island, FL-Land Use Grant$500,000
University of West FloridaPensacola, FL-Export Marking Grant & Defense Training Grant$318,411
City of JacksonvilleJacksonville, FL-Land Use Grant$279,632
North Florida Economic Development PartnershipTallahassee, FL-Rural Site Preparedness Grant$107,410
John Worthington Dba Ibt Online LLCFort Lauderdale, FL-Website Localization$106,500
South Florida Progress FoundationMiami, FL-Resilience Research Grant$106,431
Board of County Commissioners Suwannee CountyLive Oak, FL-Rural Site Preparedness Grant$90,988
Northwest Florida Business Development Council Dba Opportunity FMarianna, FL-Rural Site Preparedness Grant$60,000
Jackson County Economic Development CommitteeMarianna, FL-Rural Site Preparedness Grant & Team Florida Co-op Grant$52,495
Wakulla Economic Development CouncilCrawfordville, FL-Rural Site Preparedness Grant$45,000
Leotta Location and Design LLCBaton Rouge, LA-Rural Site Preparedness Grant$31,140
Nature Coast Business Development Council IncInglis, FL-Rural Site Preparedness Grant$30,000
Hamilton County Development AuthorityJasper, FL-Rural Site Preparedness Grant$29,820
Victor Leotta Dba Leotta Location and Design LLCBaton Rouge, LA-Rural Site Preparedness Grant$28,375
Dixie County Board of County CommissionersCross City, FL-Rural Consult Grant$26,528
Highlands County Board of County CommissionersSebring, FL-Rural Site Preparedness Grant$25,000
Holmes County Development CommissionBonifay, FL-Rural Site Preparedness Grant$25,000
City of MariannaMarianna, FL-Rural Site Preparedness Grant$22,500
Okeechobee County Economic DevelpmentOkeechobee, FL-Rural Site Preparedness Grant$22,500
FLORIDA'S GREAT NORTHWESTINCNiceville, FL-Rural Consult Grant & Team Florida Co-op Grant$20,500
Madison County Board of County CommisionersMadison, FL-Rural Site Preparedness Grant$19,980
Seal Shield LLCJacksonville, FL-Target Sector Trade Show Grant$19,520
City of SebringSebring, FL-Rural Site Preparedness Grant$18,000
Detect IncPanama City, FL-Target Sector Trade Show Grant$17,925
E & P Marine IncMiami, FL-Target Sector Trade Show Grant$17,557
Gilchrist County Board of County CommissionersTrenton, FL-Rural Consult Grant$16,142
Pinellas County Board of County CommissionersClearwater, FL-Team Florida Co-op Grant$15,400
Core Avionics & Industrial Inc Dba CoreaviTampa, FL-Target Sector Trade Show Grant$15,000
Hosmed IncDoral, FL-Target Sector Trade Show Grant$15,000
Loos & Co IncNaples, FL-Target Sector Trade Show Grant$15,000
Relli Technology IncBoca Raton, FL-Target Sector Trade Show Grant$15,000
Integen LLCOrlando, FL-Target Sector Trade Show Grant$14,325
Matus Knoblich Dba Glo-med Networks IncApollo Beach, FL-Target Sector Trade Show Grant$14,325
Advanced Chemical Testing LLC Dba Advanced Chemical SensorsLongwood, FLGovTarget Sector Trade Show Grant$14,025
Global Airservices LLCMiami, FL-Target Sector Trade Show Grant$13,688
Ballistic Advantage LLCOcoee, FLGovTarget Sector Trade Show Grant$13,465
Price Chopper IncOrlando, FL-Target Sector Trade Show Grant$12,786
Lafayette County Board of County CommissionersMayo, FL-Rural Site Preparedness Grant$12,500
Putnam County Chamber of Commerce IncPalatka, FL-Rural Consult Grant$12,500
Union County Board of County CommissionersLake Butler, FL-Rural Consult Grant$12,500
Fairfax Imaging IncTampa, FL-Target Sector Trade Show Grant$12,455
Bradford County Board of County CommissionersStarke, FL-Rural Site Preparedness Grant$12,015
Advanced Instrumentations IncMiami, FLGovTarget Sector Trade Show Grant$11,513
Avparts International LLCMiami Gardens, FLGovTarget Sector Trade Show Grant$11,430
Bag-a-nut LLC Dba Ammo-upJacksonville, FLGovTarget Sector Trade Show Grant$11,213
Atlas American Corp Dba Pro Battery SpecialistHialeah, FLGovTarget Sector Trade Show Grant$10,673
Advanced Bioderma CorporationBoca Raton, FLGovTarget Sector Trade Show Grant$10,658
Novak Technologies LLCDoral, FL-Target Sector Trade Show Grant$10,594
Florida Foreign Trade AssociationMiami, FL-Target Sector Trade Show Grant$10,500
Business Dev Brd of Plm BchWest Palm Beach, FL-Team Florida Co-op Grant$10,000
Central Florida Development CouncilLakeland, FL-Team Florida Co-op Grant$10,000
Gadsden County Development Council IncQuincy, FL-Rural Consult Grant$10,000
Neurovirtual USA IncFort Lauderdale, FL-International Registration/certification Grant$10,000
Shadow-caster Marine Leds LLCClearwater, FL-Target Sector Trade Show Grant$9,736
Bradford County Development AuthorityStarke, FL-Rural Consult Grant$9,728
Martin & Vleminckx USA LLCHaines City, FL-Target Sector Trade Show Grant$9,701
Innovative Coverings of America LLC Dba Ica GroupPembroke Park, FL-Target Sector Trade Show Grant$9,674
Paradise Air Fresh LLCPalm City, FL-Target Sector Trade Show Grant$9,500
Iatric Systems IncDaytona Beach, FL-Target Sector Trade Show Grant$8,938
Genesis Water Technologies IncMaitland, FL-Target Sector Trade Show Grant$8,900
MAGNIFICAT HOLDINGS DBA YO MAMA'S FOODSFt Lauderdale, FL-Target Sector Trade Show Grant$8,800
Skypatrol LLCDoral, FL-Target Sector Trade Show Grant$8,550
Hendry County EdcLabelle, FL-Rural Consult Grant$8,374
Thomalex IncHallandale Beach, FL-Target Sector Trade Show Grant$8,351
The Broward Alliance Inc Dba Greater Fort Lauderdale AllianceFort Lauderdale, FL-Team Florida Co-op Grant$8,337
Team Volusia Economic Development CorporationDaytona Beach, FL-Team Florida Co-op Grant$8,100
Taylor County Development AuthorityPerry, FL-Rural Consult Grant$7,910
Seasucker LLCBradenton, FL-Target Sector Trade Show Grant$7,883
Pharmamed USA IncHollywood, FL-Target Sector Trade Show Grant$7,825
Edc of Sarasota CountySarasota, FL-Team Florida Co-op Grant$7,746
Medimar Corp Dba Strena MedicalDoral, FL-Target Sector Trade Show Grant$7,598
3chem CorporationHialeah, FLGovTarget Sector Trade Show Grant$7,500
Advanced Composite Structures Florida LLCSanford, FLGovTarget Sector Trade Show Grant$7,500
Advanced Orthodontic Solutions Inc Dba Aos IncTampa, FLGovTarget Sector Trade Show Grant$7,500
Aerostar Training Services LLCKissimmee, FLGovTarget Sector Trade Show Grant$7,500
Aerotools Connection LLCMiami, FLGovTarget Sector Trade Show Grant$7,500
Alliedflex Technologies IncSarasota, FLGovTarget Sector Trade Show Grant$7,500
Avgen AerospaceHialeah, FLGovTarget Sector Trade Show Grant$7,500
Aviation Instruments Repair Specialists Inc Dba Airs IncMiami Lakes, FLGovTarget Sector Trade Show Grant$7,500
Avionica LLCMiami, FLGovTarget Sector Trade Show Grant$7,500
Aviotek Instruments and AccessoriesDavie, FLGovTarget Sector Trade Show Grant$7,500
Biom Pharmaceutical CorporationSarasota, FLGovTarget Sector Trade Show Grant$7,500
Biorep Technologies IncMiami Lakes, FLGovTarget Sector Trade Show Grant$7,500
Breeze Creative LLCMiami, FL-Target Sector Trade Show Grant$7,500
Columbia County Board of CommissionersLake City, FL-Rural Consult Grant$7,500
Component Overhaul Services CorpMedley, FL-Target Sector Trade Show Grant$7,500
Demetech CorporationMiami Lakes, FL-Target Sector Trade Show Grant$7,500
Eta Space LLCRockledge, FL-Target Sector Trade Show Grant$7,500
Flow Marine Systems LLCFt Lauderdale, FL-Target Sector Trade Show Grant$7,500
Franklin County Board of County CommissionersApalachicola, FL-Rural Consult Grant$7,500
Global Engine Maintenance LLCDoral, FL-Target Sector Trade Show Grant$7,500
Gulf Photonics IncOldsmar, FL-Target Sector Trade Show Grant$7,500
Gustavo Ferrer Dba Ferrer Medical Innovations LLCHallandale Beach, FL-Target Sector Trade Show Grant$7,500
Halcyon Manufacturing IncHigh Springs, FL-Target Sector Trade Show Grant$7,500
Ik Yacht Design IncDania Beach, FL-Target Sector Trade Show Grant$7,500
Kimera Labs IncMiramar, FL-Target Sector Trade Show Grant$7,500
Lift MroMiami, FL-Target Sector Trade Show Grant$7,500
Live WatersportsClearwater, FL-Target Sector Trade Show Grant$7,500
Miracle Fruit Oil LLCMiami Beach, FL-Target Sector Trade Show Grant$7,500
Mti AviationMiami, FL-Target Sector Trade Show Grant$7,500
New England Machinery IncBradenton, FL-Target Sector Trade Show Grant$7,500
Novurania of AmericaVero Beach, FL-Target Sector Trade Show Grant$7,500
Overhaul Accessory IncMedley, FL-Target Sector Trade Show Grant$7,500
Paradigm Parachute & Defense IncPensacola, FL-Target Sector Trade Show Grant$7,500
Pearlson Shiplift CorporationMiami, FL-Target Sector Trade Show Grant$7,500
Protech Leaded Eyewear Inc Dba Protech MedicalLake Park, FL-Target Sector Trade Show Grant$7,500
Rami Technology USA LLCDoral, 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
Safe-pro USA LLCHialeah, FL-Target Sector Trade Show Grant$7,500
Skybolt Aeromotive CorpLeesburg, FL-Target Sector Trade Show Grant$7,500
Sterndrive Engineering IncOldsmar, FL-Target Sector Trade Show Grant$7,500
Triton TechnicalFort Lauderdale, FL-Target Sector Trade Show Grant$7,500
United World Telecom Lc Dba Global Call ForwardingDelray Beach, FL-Target Sector Trade Show Grant$7,500
Vijilan Security LLCAventura, FL-Target Sector Trade Show Grant$7,500
Vision First AdvisorsTallahassee, FL-Rural Consult Grant$7,500
Yacht 10 Inc Dba Megafend Mooring ProductsFt Lauderdale, FL-Target Sector Trade Show Grant$7,500
Zulu Global Avlink LLCMiami, FL-Target Sector Trade Show Grant$7,500
Marine Mat IncOldsmar, FL-Target Sector Trade Show Grant$7,425
Fenikia Inc Dba Invent DentalHouston, TX-Target Sector Trade Show Grant$7,278
Sally Industries Inc Dba Sally CorporationJacksonville, FL-Target Sector Trade Show Grant$7,261
Greater Miami Chamber of Commerce IncMiami, FL-Target Sector Trade Show Grant$7,220
Aerospace Technologies Group Inc( Atg)Boca Raton, FLGovTarget Sector Trade Show Grant$7,200
Newcastle Aviation Partners LLCFort Myers, FL-Target Sector Trade Show Grant$7,200
Tic Aerospace IncMiami, FL-Target Sector Trade Show Grant$7,200
Chemical Injection Technologies IncFt Pierce, FL-Target Sector Trade Show Grant$6,959
Perry Baromedical CorpRiviera Beach, FL-Target Sector Trade Show Grant$6,950
Tri-tronics Company IncTampa, FL-Target Sector Trade Show Grant$6,737
Med-craft IncMiami, FL-Target Sector Trade Show Grant$6,656
Headhunter IncFort Lauderdale, FL-Target Sector Trade Show Grant$6,598
Dannik LLCWinter Park, FL-Target Sector Trade Show Grant$6,550
Spurs Marine Mfg IncFort Lauderdale, FL-Target Sector Trade Show Grant$6,533
Pharmamed Global Distributors IncHollywood, FL-Target Sector Trade Show Grant$6,525
Athena Technologies LLC Dba Athena - TekOrlando, FLGovTarget Sector Trade Show Grant$6,286
Aviation Inflatables IncSunrise, FLGovTarget Sector Trade Show Grant$6,270
Alfa Vitamins Laboratories IncMiami, FLGovTarget Sector Trade Show Grant$6,237
Bioderm IncLargo, FLGovTarget Sector Trade Show Grant$6,075
John M Gargaro Dba Raf Solutions USA IncSunrise, FL-Target Sector Trade Show Grant$6,075
Special Care Providers of Tampa LLCBoca Raton, FL-Target Sector Trade Show Grant$6,075
Blu3 IncPompano Beach, FLGovTarget Sector Trade Show Grant$5,976
Viewpoint Systems LLCPensacola, FL-Target Sector Trade Show Grant$5,874
Phillip Liberson Dba Amc Poles CorpFort Lauderdale, FL-Target Sector Trade Show Grant$5,849
Responsive Drip Irrigation LLCBradenton, FL-Target Sector Trade Show Grant$5,831
Cavidyne LLCSarasota, FL-Target Sector Trade Show Grant$5,750
Ian Milligan - Ob Portum Llcdba Seaspension TechnologiesLargo, FL-Target Sector Trade Show Grant$5,750
Harley Interactive Inc Dba Motive LearningMelbourne, FL-Target Sector Trade Show Grant$5,684
Tecport Optics IncOrlando, FL-Target Sector Trade Show Grant$5,436
Global Ets LLCOdessa, FL-Target Sector Trade Show Grant$5,433
Precision Fabricating & Cleaning Co IncCocoa, FL-Target Sector Trade Show Grant$5,077

International Summary

Offices
11
Employees
11
Spending
$1,954,500

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$894,900
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,Program ServicesForeign Office Representation22$386,000
North America - Canada and Mexico, But But Not the United StatesProgram ServicesForeign Office Representation22$278,600
South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador,Program ServicesForeign Office Representation11$170,000
Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt,Program ServicesForeign Office Representation11$120,000
Sub-saharan Africa - Angola, Benin, Botswana, Burkina, Faso,Program ServicesForeign Office Representation11$105,000
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to the State of Fl$5,004,109
Due to Affiliates$538,159
Liability for Loss on Loan Guarantee$39,967
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
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Swanson
Formed
1996
Legal Domicile
Fl
Voting Board Members
78
Independent Board Members
78
Employees
102
Volunteers
94

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 IX, Line 11G

“International office managing services: program service expenses 1,954,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,954,500. Payroll fees: program service expenses 0. Management and general expenses 69,986. Fundraising expenses 3,683. Total expenses 73,669. It professional fees: program service expenses 0. Management and general expenses 70,322. Fundraising expenses 0. Total expenses 70,322. Other professional fees: program service expenses 122,909. Management and general expenses 286,522. Fundraising expenses 0. Total expenses 409,431.”

Financial Statement Notes

PART IV, LINE 2B:

“The state has awarded a total of $225,566,527 to 88 companies under the state's incentive programs through june 30, 2023. These awards were intended to fund business projects to further job creation. Deo, along with the consent of these companies, appointed enterprise florida as the escrow agent to hold these funds for disbursement to the companies in accordance with the state's incentive programs. Through june 30, 2023, enterprise florida paid $140,241,915 to 62 companies which certified to deo they had met their contract requirements under the program. These payments included payments to companies that received multiple incentives. Enterprise florida has returned $68,050,522 to deo for 39 companies that were not able to complete their program requirements or had excess funds that were required to be returned. Enterprise florida recorded the remaining $17,274,090 as an escrow payable at june 30, 2023.”

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, 2023 and, accordingly, no liability has been accrued.”

Raw XML AppendixShowing 400 of 2,897 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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Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$94,373,259
Liabilities
$28,173,197
Net assets
$66,200,062
Revenue
$18,486,339
Expenses
$23,648,865
Net income
-$5,162,526
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