Florida Debate Initiative Inc

“The organizations form 990 was provided to its board of directors prior to filing with the internal revenue service irs. The organizations board of directors has been delegated the responsibility to oversee and coordinate the form 990 preparation review and filing process for the organization. As part of the tax return preparation process the organization hired a consultant a cpa with over 20 years of finance and accounting experience to prepare the form 990. The consultant worked closely with the organizations officers to obtain the information needed in order to prepare a complete and accurate tax return. The consultant prepared a draft form 990 and furnished it to the organization for review. The board of directors reviewed the draft form 990 and discussed questions and comments with the consultant. Revisions were made to the draft form 990 where necessary and a final draft was furnished by the to the organization for final review and approval.”

“Florida debate initiative inc. Has a written conflict of interest policy with which it regularly monitors and enforces compliance. Fdis conflict of interest policy governs conflicts of interest involving members of the board of directors and committees empowered to act on behalf of the board of directors. The purpose of the policy is to protect the interests of fdi when it has entered into or is contemplating entering into a transaction or arrangement that might benefit a private interest of an interested person. Interested persons must disclose all conflicts of interest as defined in the policy including those that might influence or be perceived to influence the actions or decisions of the interested person. Each interested person shall complete a conflict of interest disclosure form annually; however such annual disclosures shall be supplemented promptly by additional written disclosures as required by this policy i.e. When an actual or potential conflict of interest arises. All interested persons shall bring to the attention of disclose to fdi any actual or perceived conflict of interest involving any other interested person and any necessary mitigating behavior is taken at that time. Interested persons shall bring to the attention of disclose to fei any actual or perceived conflict of interest involving any other interested person and any necessary mitigating behavior is taken at that time.”

“The Board reviewed compensation data for comparable Florida-based educational nonprofit organizations obtained from an independent third-party source. Based on this analysis and in consideration of FDIs size scope of operations and leadership responsibilities the Board approved a base salary of $172,885 plus a discretionary bonus based on meeting certain program specific objectives for the President effective July 1 2025”

“As of the date of filing this Form 990 the organizations Single Audit for the period ending June 30 2025 is in progress but not yet complete. The organization has engaged CoSurge CPAs to conduct the required audit in accordance with 2 C.F.R. Part 200 Subpart F Uniform Guidance and applicable state requirements. Steps taken to undergo the required audit include: The organization engaged CoSurge CPAs as the independent auditor for the fiscal period. Financial records supporting documentation and grant compliance materials have been compiled and provided to the auditor. The audit is expected to be completed by March 31 2026. Upon completion the audit report will be submitted to the Federal Audit Clearinghouse and the Florida Department of Education as required. The delay in audit completion is due to the organizations change in fiscal year from a calendar year December 31 to a June 30 year-end which created a short-period transition requiring coordination between the prior year audit cycle and the new fiscal year timeline.”

“| Explanation:| The organization changed its fiscal year end from December 31 to June 30 effective for the tax year beginning January 1 2025. This short-period return covers the transition period of January 1 2025 through June 30 2025. Form 1128 Application to Adopt Change or Retain a Tax Year was filed with the IRS on November 30 2025. The organization qualifies for automatic approval under Revenue Procedure 2006-45.”