Civic Intelligence

Florida Promise Inc

EIN 83-2961305 • 501(c)4 • Tampa, FL

Profile

Florida promise's mission is to develop and advocate for legislation, regulations, and government programs related to policies to benefit floridians.

4532 West Kennedy Blvd No 306Tampa, FL 33609

n/A

Siviq Scores

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

Liabilities / Assets

34th percentile

0.00x

Higher debt load relative to assets than 34% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

31st percentile

0.00x

Higher debt load relative to revenue than 31% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2019

Net Margin

37th percentile

1.5%

Higher net margin than 37% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

63rd percentile

$0

Higher top officer pay than 63% of similar nonprofits.

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

501(c)4 • $1M-$5M nonprofits • Source year 2019

Asset Growth

100th percentile

4002000%

Faster asset growth than 100% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$40,021

Up $40,020 (+4002000%) from 2018

Liabilities

Up

$100

Up $100 from 2018

Net Assets

$39,921

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue31st percentileNet Margin37th percentile

Revenue

Up

$2,665,000

Up $2,665,000 from 2018

Expenses

Up

$2,625,079

Up $2,625,079 from 2018

Net Income

Up

$39,921

Up $39,921 from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth100th percentile

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

$60K$40K$20K$0Assets 2018: $1Liabilities 2018: $02018Assets 2019: $40,021Liabilities 2019: $100Net Assets 2019: $39,9212019

Highlighted filing

2019

Assets$40,021
Liabilities$100
Net Assets$39,921
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $2,665,000Expenses 2019: $2,625,079Net Income 2019: $39,9212019

Highlighted filing

2019

Revenue$2,665,000
Expenses$2,625,079
Net Income$39,921
Open 2019 Filing

Filings

Most recent year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$40,021
Liabilities
$100
Net assets
$39,921
Revenue
$2,665,000
Expenses
$2,625,079
Net income
$39,921
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$2.67$2.63$0.04
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$2,665,000
Mission and Program Overview

Mission

Florida promise's mission is to develop and advocate for legislation, regulations, and government programs related to policies to benefit floridians.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$40,021-
Rtn Earn Endowment Incm Other Fnds$0$39,921▲ $39,921
Loans From Officers Directors-$100-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$40,021▲ $40,021
Liabilities
Total Liabilities$0$100▲ $100
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$39,921▲ $39,921
Total Liabilities and Net Assets / Fund Balance$0$40,021▲ $40,021
Compensation and Service Providers
Top Officer Pay63rd percentile

Board Members and Trustees

NameTitle
Richard AlexanderChair

Highest Paid Contractors

ContractorServicesLocationCompensation
Center For Popular Progressive V & D-244 MADISON AVE SUITE 134, New York, NY 10016$320,000
Mcnicholas & Associates INC-3001 PGA BLVD SUITE 300, Palm Beach Gardens, FL 33410$261,097
The Hawthorn Group Lc-625 SLATERS LANE SUITE 100, Alexandria, VA 22314$244,976
Partnership For Affordable Clean Energy-PO BOX 70072, Montgomery, AL 36107$224,252
The Metis Group LLC-223 E VIRGINIA ST, Tallahassee, FL 32301$210,500
Revenue and Support

Revenue Composition

Contributions and Grants
$2,665,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,665,000
Change in Net Assets
$39,921
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,625,079
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,996,027--$1,996,027
Other Expenses$42,000$22,776-$22,776
Office Expenses$551--$551
Total Functional Expenses$2,602,303$22,776$0$2,625,079
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$100-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The organization provided a copy of the form 990 to all board members prior to filing with the irs.”

Form 990, Part VI, Section C, Line 18

“The organization makes its form 1024 and form 990 available upon request.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Florida Promise Inc
EIN
83-2961305
Phone
9043592000
Address
4532 WEST KENNEDY BLVD NO 306, TAMPA, FL 33609

Signing Officer

Name
Richard Alexander
Title
Chair
Phone
9043592000
Signed
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Alexander
Formed
2018
Legal Domicile
Fl
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Dixon Hughes Goodman Llp
Address
245 RIVERSIDE AVENUE SUITE 410, JACKSONVILLE, FL 32202
Preparer
Sheila T Sowder
Phone
9042969333
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting: program service expenses 1,996,027. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,996,027.”

Raw XML Appendix301 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.

Path#Value
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IRS990/AllOtherContributionsAmt02665000
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IRS990/CreditCounselingInd00
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IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
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IRS990/DescribedInSection501c3Ind00
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IRS990/FamilyOrBusinessRlnInd00
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IRS990/ForeignActivitiesInd00
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IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/FormerOfcrEmployeesListedInd00
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02665000
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt032
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0100
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022776
IRS990/OtherExpensesGrp/ProgramServicesAmt0563725
IRS990/OtherExpensesGrp/ProgramServicesAmt142000
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS FORM 1024 AND FORM 990 AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTING: PROGRAM SERVICE EXPENSES 1,996,027. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,996,027.
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ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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