Civic Intelligence

Florida Next Foundation Inc.

990 • Fiscal year 2023 • EIN 80-0729815

May 01, 2022 to Apr 30, 2023 • Filed on Oct 04, 2023

802 E Whiting StreetTampa, FL 33602

(727) 415-6705

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.97x

Higher debt load relative to assets than 93% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

63rd percentile

0.18x

Higher debt load relative to revenue than 63% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

27th percentile

-6.8%

Higher net margin than 27% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

6th percentile

-23%

Faster asset growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

59th percentile

13%

Faster revenue growth than 59% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$276,293

Down $83,618 (-23%) from 2022

Net Assets

Down

$7,099

Down $102,786 (-94%) from 2022

Liabilities

Up

$269,194

Up $19,168 (+7.7%) from 2022

Revenue

Up

$1,510,825

Up $169,658 (+13%) from 2022

Expenses

Up

$1,613,611

Up $299,284 (+23%) from 2022

Net Income

Down

-$102,786

Down $129,626 (-483%) from 2022

Historical Trend

Balance Sheet Trend

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

$500K$0-$500KAssets 2012: $90,283Liabilities 2012: $22,302Net Assets 2012: $67,9812012Assets 2013: $33,307Liabilities 2013: $0Net Assets 2013: $33,3072013Assets 2014: $21,862Liabilities 2014: $11,766Net Assets 2014: $10,0962014Assets 2015: $1,586Liabilities 2015: $14,140Net Assets 2015: -$12,5542015Assets 2016: $4,738Liabilities 2016: $0Net Assets 2016: $4,7382016Assets 2019: $147,162Liabilities 2019: $95,251Net Assets 2019: $51,9112019Assets 2020: $363,868Liabilities 2020: $370,710Net Assets 2020: -$6,8422020Assets 2021: $257,966Liabilities 2021: $174,920Net Assets 2021: $83,0462021Assets 2022: $359,911Liabilities 2022: $250,026Net Assets 2022: $109,8852022Assets 2023: $276,293Liabilities 2023: $269,194Net Assets 2023: $7,0992023Assets 2024: $150,079Liabilities 2024: $215,700Net Assets 2024: -$65,6212024Assets 2025: $166,591Liabilities 2025: $498,575Net Assets 2025: -$331,9842025

Highlighted filing

2023

Assets$276,293
Liabilities$269,194
Net Assets$7,099

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2012: $416,954Expenses 2012: $348,973Net Income 2012: $67,9812012Expenses 2013: $242,9582013Revenue 2014: $195,805Expenses 2014: $219,016Net Income 2014: -$23,2112014Revenue 2015: $230,442Expenses 2015: $253,092Net Income 2015: -$22,6502015Revenue 2016: $61,203Expenses 2016: $31,414Net Income 2016: $29,7892016Revenue 2019: $1,086,897Expenses 2019: $1,034,987Net Income 2019: $51,9102019Revenue 2020: $1,709,891Expenses 2020: $1,768,644Net Income 2020: -$58,7532020Revenue 2021: $694,517Expenses 2021: $604,629Net Income 2021: $89,8882021Revenue 2022: $1,341,167Expenses 2022: $1,314,327Net Income 2022: $26,8402022Revenue 2023: $1,510,825Expenses 2023: $1,613,611Net Income 2023: -$102,7862023Revenue 2024: $803,339Expenses 2024: $876,059Net Income 2024: -$72,7202024Revenue 2025: $526,369Expenses 2025: $698,558Net Income 2025: -$172,1892025

Highlighted filing

2023

Revenue$1,510,825
Expenses$1,613,611
Net Income-$102,786
Jump To
Filing Snapshot
Filing Period
May 1, 2022 to Apr 30, 2023
Signed
Oct 4, 2023
Return Version
2022v5.0
Gross Receipts
$1,510,825
Mission and Program Overview

Mission

Synapse connects entrepreneurs, talent, investors, corporations, education institutions, and other stakeholders to accelerate success in florida's thriving economies.

Synapse is the guide for florida's innovation community to easily find what they need and share what they have to accelerate success and create thriving economies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$341,318$162,214▼ $179,104
Accounts Receivable$18,593$18,593→ $0
Total Assets$359,911$276,293▼ $83,618
Other Assets Total$0$95,486▲ $95,486
Liabilities
Mortgage Notes Payable Secured by Investment Property$149,900$146,054▼ $3,846
Accounts Payable and Accrued Expenses$83,655$123,140▲ $39,485
Other Liabilities$15,015$0▼ $15,015
Deferred Revenue$1,456--
Total Liabilities$250,026$269,194▲ $19,168
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$109,885$7,099▼ $102,786
Total Net Assets Fund Balance$109,885$7,099▼ $102,786
Total Liabilities and Net Assets / Fund Balance$359,911$276,293▼ $83,618

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$95,486--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kathy BowmanChair Elect
Tim ScharChairman of the Board
Brian KornfeldCEO/director
Daniel Greco IiDirector
Danielle MousseauDirector
James FaisonDirector
Jp DubuqueDirector
Justice GennariDirector
Marc BlumenthalDirector
Ned PopeDirector
Paul SohlDirector
Rachel FeinmanDirector
Richard HeruskaDirector
Tj VillamilDirector
Wendyy NorfleetDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,510,825
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-102,786
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,180,362
Salaries, Compensation, and Employee Benefits$433,249
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$324,937$108,312-$433,249
Advertising$267,587--$267,587
Occupancy$95,714$31,904-$127,618
Office Expenses$90,770$30,257-$121,027
Travel$68,348$22,783-$91,131
Other Expenses$38,186--$38,186
Fees for Services Other$25,738$8,579-$34,317
All Other Expenses$22,480$7,493-$29,973
Fees for Services Accounting-$4,800-$4,800
Fees for Services Legal-$3,471-$3,471
Insurance$1,928$643-$2,571
Total Functional Expenses$1,395,369$218,242$0$1,613,611
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization reimburses communities, inc. For managament payroll costs paid on its behalf

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

The organization hires a paid preparer experienced in the preparation of forms 990 to prepare the return. A draft copy is provided to the board for review prior to filing.

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

During the fourth quarter board meeting, the conflict of interest policy is reviewed to ensure compliance with the policy.

Form 990, Part VI, Section B, Line 15

Compensation is determined based on a review of compensation paid for similar roles in the local vicinity.

Form 990, Part VI, Section C, Line 19

The organizations documents and financial statements can be made available upon request.

Filing and Contact Details

Filer

Filer Name
Florida Next Foundation
EIN
80-0729815
Phone
7274156705
Address
802 E WHITING STREET, TAMPA, FL 33602

Signing Officer

Name
Brian Kornfeld
Title
Officer
Phone
7274156705
Signed
2023-10-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Kornfeld
Formed
2011
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
13
Employees
0
Volunteers
25

Preparer

Firm
Rivero Gordimer & Company Pa
Address
P O BOX 172359, TAMPA, FL 33672
Preparer
JAMES K O'CONNOR
Phone
8138757774
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BRIAN KORNFELD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/Desc0SYNAPSE SUMMIT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01510825
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01510825
IRS990/ProgSrvcAccomActy2Grp/Desc0THE 2022 SYNAPSE ORLANDO BROUGHT TOGETHER THOUGHT LEADERS FROM ALL LEVELS OF THE INNOVATION ECOSYSTEM. OVER 50+ SPEAKERS DELIVERED A FULL DAY OF SESSIONS DESIGNED TO GIVE EVERY SINGLE ATTENDEE AN INFORMATION PACKED SCHEDULE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0295237
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0286896
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0879326
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01341167
IRS990/PYRevenuesLessExpensesAmt026840
IRS990/PYSalariesCompEmpBnftPaidAmt0435001
IRS990/PYTotalExpensesAmt01314327
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01341167
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-102786
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01223929
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt075000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0157080
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0232080
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01341167
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0694517
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01672891
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0929817
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04638392
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95940
IRS990ScheduleA/PublicSupportPY509Pct00.95940
IRS990ScheduleA/PublicSupportTotal509Amt04672951
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt057521
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0140000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0197521
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt057521
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0140000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0197521
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01341167
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0694517
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01747891
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01086897
IRS990ScheduleA/Total509Grp/TotalAmt04870472
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01341167
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0694517
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01747891
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01086897
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04870472
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt095486
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM COMMUNITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt095486
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0COMMUNITIES INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0MANAGING COMPANY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0THE ORGANIZATION REIMBURSES COMMUNITIES, INC. FOR MANAGAMENT PAYROLL COSTS PAID ON ITS BEHALF.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION REIMBURSES COMMUNITIES, INC. FOR MANAGAMENT PAYROLL COSTS PAID ON ITS BEHALF
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HIRES A PAID PREPARER EXPERIENCED IN THE PREPARATION OF FORMS 990 TO PREPARE THE RETURN. A DRAFT COPY IS PROVIDED TO THE BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DURING THE FOURTH QUARTER BOARD MEETING, THE CONFLICT OF INTEREST POLICY IS REVIEWED TO ENSURE COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS DETERMINED BASED ON A REVIEW OF COMPENSATION PAID FOR SIMILAR ROLES IN THE LOCAL VICINITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATIONS DOCUMENTS AND FINANCIAL STATEMENTS CAN BE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0359911
IRS990/TotalAssetsEOYAmt0276293
IRS990/TotalAssetsGrp/BOYAmt0359911
IRS990/TotalAssetsGrp/EOYAmt0276293
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0218242
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01395369
IRS990/TotalFunctionalExpensesGrp/TotalAmt01613611
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0250026
IRS990/TotalLiabilitiesEOYAmt0269194
IRS990/TotalLiabilitiesGrp/BOYAmt0250026
IRS990/TotalLiabilitiesGrp/EOYAmt0269194
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0109885
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07099
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01395369
IRS990/TotalProgramServiceRevenueAmt01510825
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01510825
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01510825
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0359911
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0276293
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt022783
IRS990/TravelGrp/ProgramServicesAmt068348
IRS990/TravelGrp/TotalAmt091131
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03505 W TACON STREET
IRS990/USAddress/CityNm0TAMPA
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033629
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt013

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.50$0.33$0.53$0.70$0.17
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.15$0.22$0.07$0.80$0.88$0.07
2023Detailed filing. Detailed filing data is available for this year.$0.28$0.27$0.01$1.51$1.61$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.25$0.11$1.34$1.31$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.17$0.08$0.69$0.60$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.36$0.37$0.01$1.71$1.77$0.06
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.10$0.05$1.09$1.03$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.06$0.03$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.01$0.01$0.23$0.25$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.01$0.01$0.20$0.22$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.00$0.03$0.24
2012Summary only. Only limited summary data is available for this year.$0.09$0.02$0.07$0.42$0.35$0.07