Civic Intelligence

Institute for Commercialization

EIN 90-0348486 • 501(c)3 • Tampa, FL

Profile

The institute's mission is economic development through the commercialization and funding of new discoveries generated from publicly funded research. Success is measured by the number of new ventures and jobs that are created, and the amount of capital companies raise.

6911 Pistol Range Rd 131Tampa, FL 33635

www.florida-institute.com

Siviq Scores

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

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

100th percentile

5084%

Higher net margin than 100% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

20th percentile

$90,000

Higher top officer pay than 20% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

10th percentile

-11%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

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

Annualized from 2023 to 2024

Assets

Down

$14,290,682

Down $2,800,787 (-16%) from 2022

Liabilities

Down

$99,705

Down $45,343 (-31%) from 2022

Net Assets

Down

$14,190,977

Down $2,755,444 (-16%) from 2022

Revenue

Down

$163,151

Down $179,543 (-52%) from 2022

Expenses

Up

$2,918,595

Up $1,190,781 (+69%) from 2022

Net Income

Down

-$2,755,444

Down $1,370,324 (-99%) from 2022

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $1,936,956Liabilities 2011: $1,443,641Net Assets 2011: $493,3152011Assets 2012: $10,327,583Liabilities 2012: $463,468Net Assets 2012: $9,864,1152012Assets 2013: $9,569,494Liabilities 2013: $269,374Net Assets 2013: $9,300,1202013Assets 2014: $14,285,231Liabilities 2014: $539,817Net Assets 2014: $13,745,4142014Assets 2015: $17,307,780Liabilities 2015: $510,627Net Assets 2015: $16,797,1532015Assets 2016: $20,028,953Liabilities 2016: $507,957Net Assets 2016: $19,520,9962016Assets 2017: $23,463,384Liabilities 2017: $473,963Net Assets 2017: $22,989,4212017Assets 2018: $23,130,336Liabilities 2018: $331,074Net Assets 2018: $22,799,2622018Assets 2019: $21,804,026Liabilities 2019: $202,040Net Assets 2019: $21,601,9862019Assets 2020: $20,563,191Liabilities 2020: $113,480Net Assets 2020: $20,449,7112020Assets 2021: $18,448,245Liabilities 2021: $116,704Net Assets 2021: $18,331,5412021Assets 2022: $17,091,469Liabilities 2022: $145,048Net Assets 2022: $16,946,4212022Assets 2023: $14,290,682Liabilities 2023: $99,705Net Assets 2023: $14,190,9772023

Highlighted filing

2023

Assets$14,290,682
Liabilities$99,705
Net Assets$14,190,977

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $3,095,1562011Expenses 2012: $661,7762012Expenses 2013: $1,754,0152013Revenue 2014: $6,333,311Expenses 2014: $1,888,017Net Income 2014: $4,445,2942014Revenue 2015: $6,220,212Expenses 2015: $3,168,473Net Income 2015: $3,051,7392015Revenue 2016: $6,456,780Expenses 2016: $3,732,937Net Income 2016: $2,723,8432016Revenue 2017: $6,497,859Expenses 2017: $3,029,434Net Income 2017: $3,468,4252017Revenue 2018: $1,915,604Expenses 2018: $2,105,763Net Income 2018: -$190,1592018Revenue 2019: $672,170Expenses 2019: $1,869,446Net Income 2019: -$1,197,2762019Revenue 2020: $552,446Expenses 2020: $1,704,721Net Income 2020: -$1,152,2752020Revenue 2021: $787,082Expenses 2021: $2,905,252Net Income 2021: -$2,118,1702021Revenue 2022: $342,694Expenses 2022: $1,727,814Net Income 2022: -$1,385,1202022Revenue 2023: $163,151Expenses 2023: $2,918,595Net Income 2023: -$2,755,4442023

Highlighted filing

2023

Revenue$163,151
Expenses$2,918,595
Net Income-$2,755,444

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$14.3$0.10$14.2$0.16$2.92$2.76
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.1$0.15$16.9$0.34$1.73$1.39
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.4$0.12$18.3$0.79$2.91$2.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.6$0.11$20.4$0.55$1.70$1.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.8$0.20$21.6$0.67$1.87$1.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.1$0.33$22.8$1.92$2.11$0.19
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.5$0.47$23.0$6.50$3.03$3.47
2016Detailed filing. Detailed filing data is available for this year.$20.0$0.51$19.5$6.46$3.73$2.72
2015Summary only. Only limited summary data is available for this year.$17.3$0.51$16.8$6.22$3.17$3.05
2014Detailed filing. Detailed filing data is available for this year.$14.3$0.54$13.7$6.33$1.89$4.45
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.57$0.27$9.30$1.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$0.46$9.86$0.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$1.44$0.49$3.10
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Dec 5, 2022
Return Version
2021v4.2
Gross Receipts
$342,694
Mission and Program Overview

Mission

The institute's mission is economic development through the commercialization and funding of new discoveries generated from florida innovation businesses. Success is measured by the number of new ventures and jobs that are created, and the amount of capital companies raise.

Promoting economic development through the commercialization of new discoveries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$15,613,176$15,541,149▼ $72,027
Cash and Non-Interest-Bearing Accounts$2,805,542$1,515,996▼ $1,289,546
Prepaid Expenses and Deferred Charges$28,947$33,744▲ $4,797
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$18,448,245$17,091,469▼ $1,356,776
Other Assets Total$580$580→ $0
Liabilities
Accounts Payable and Accrued Expenses$116,704$145,048▲ $28,344
Total Liabilities$116,704$145,048▲ $28,344
Net Assets / Fund Balance
Net Assets With Donor Restrictions$18,111,900$17,104,219▼ $1,007,681
Net Assets Without Donor Restrictions$219,641$-157,798▼ $377,439
Total Net Assets Fund Balance$18,331,541$16,946,421▼ $1,385,120
Total Liabilities and Net Assets / Fund Balance$18,448,245$17,091,469▼ $1,356,776

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$12,484,871--
Equipment$0$10,784-
Leasehold Improvements$0$1,966-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rafael LohnerExecutive DirectorFT$88,308$88,308

Board Members and Trustees

NameTitle
Renee FinleyChairman
Rick WasselVice Chairman
JIM O'CONNELLBoard Member
Lynn MatticeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$342,694
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-1,385,120

Audited Revenue Reconciliation

Revenue per Audited Statements
$311,417
Revenue Not Reported on Financial Statements
$31,277
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$31,277
Total Revenue per Audited Statements
$311,417
Total Revenue per Form 990
$342,694
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,614,820
Salaries, Compensation, and Employee Benefits$112,994
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees$274,252$64,576-$338,828
Current Officers, Directors, Trustees, and Key Employees$74,264$18,566-$92,830
Fees for Services Accounting$43,352$10,208-$53,560
Fees for Services Legal$36,025$8,482-$44,507
Insurance-$22,820-$22,820
Fees for Services Management$13,003$3,062-$16,065
Other Salaries and Wages$8,615$2,154-$10,769
Advertising$3,632$6,537-$10,169
Payroll Taxes$7,516$1,879-$9,395
Occupancy$6,520$723-$7,243
Other Expenses$5,572$1,393-$6,965
Travel$4,398$1,099-$5,497
Office Expenses$3,809$423-$4,232
All Other Expenses$1,926$500-$2,426
Conferences and Meetings$1,278$320-$1,598
Total Functional Expenses$1,523,120$204,694$0$1,727,814

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,727,814
Expenses per Audited Statements$1,696,537
Total Expenses per Audited Statements$1,696,537
Expenses Not Reported on Financial Statements$31,277
Other Expense Adjustments$31,277
Expenses Not Reported on Form 990$0
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
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
Yes
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 7A

The governing body now appoints new members as vacancies arise.

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

The secretary reviews the form 990 before it is filed.

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

Board of directors and committee members must advise the board of any direct and indirect interest in any transaction or relationship with the organization and not participate in discussions and decisions regarding any action affecting their individual, professional, or business interests.

Form 990, Part VI, Section B, Line 15

The executive director's compensation is reviewed annually and established by the institute's board of directors or the institute's executive committee using comparability data.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available upon request. The form 990 is also available on www.guidestar.org.

Filing and Contact Details

Filer

Filer Name
Institute for Commercialization
EIN
90-0348486
Phone
5613688889
Address
6911 PISTOL RANGE RD 131, TAMPA, FL 33635

Signing Officer

Name
Rafael Lohner
Title
Executive Director
Phone
5613688889
Signed
2022-12-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rafael Lohner
Formed
2007
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
1
Volunteers
30

Preparer

Firm
Daszkal Bolton Llp
Address
2401 NW BOCA RATON BLVD, BOCA RATON, FL 33431-6639
Preparer
Kevin E Reynolds
Phone
5613671040
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No changes from prior year.

Financial Statement Notes

PART X, LINE 2:

The institute is a non-profit corporation which is exempt from federal income tax under section 501(c)(3) of the internal revenue code ("irc") and, accordingly, generally would not incur income taxes. The fund is a single member limited liability company and its results are included in the institutes tax filings. As a result, the consolidated financial statements do not reflect a provision for income taxes. The organization identifies and evaluates uncertain tax positions, if any, and recognizes the impact of uncertain tax positions for which there is a less than more-likely-than-not probability of the position being upheld when reviewed by the relevant taxing authority. Such positions are deemed to be unrecognized tax benefits and a corresponding liability is established on the consolidated statement of financial position. The organization has not recognized a liability for uncertain tax positions. If there were an unrecognized tax benefit, the organization would recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. The organizations tax years subject to examination by the internal revenue service generally remain open for three years from the date of filing.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Carried interest expense 31,277.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Carried interest expense 31,277.

Raw XML AppendixShowing 400 of 437 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/Desc0CONSISTENT WITH FLORIDA'S TARGETED INDUSTRY CLUSTER STRATEGY, THE INSTITUTE MATCHES COMMERCIALLY VIABLE TECHNOLOGIES WITH EXPERIENCED MANAGEMENT AND CAPITAL TO CREATE NEW STARTUP COMPANIES. THE INSTITUTE ALSO MANAGES SEED FUNDING PROGRAMS TO PROVIDE FUNDING TO QUALIFIED EARLY STAGE COMPANIES. RECIPIENTS MUST MATCH INSTITUTE FUNDING WITH PRIVATE INVESTMENT CAPITAL, AND FUNDED COMPANIES HAVE RAISED NEARLY $67 MILLION IN PRIVATE MATCHING FUNDS THIS YEAR. THE INSTITUTE'S FUNDS CONTINUE TO BE MANAGED BY THE SAME PRIVATE FUND MANAGER AS LAST FISCAL YEAR, COMPLETING 14 FUNDING TRANSACTIONS. ECONOMIC IMPACT THIS YEAR WAS $733 MILLION.
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31393
IRS990/OtherExpensesGrp/ProgramServicesAmt01007681
IRS990/OtherExpensesGrp/ProgramServicesAmt131277
IRS990/OtherExpensesGrp/ProgramServicesAmt25572
IRS990/OtherExpensesGrp/TotalAmt01007681
IRS990/OtherExpensesGrp/TotalAmt161952
IRS990/OtherExpensesGrp/TotalAmt231277
IRS990/OtherExpensesGrp/TotalAmt36965
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02154
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08615
IRS990/OtherSalariesAndWagesGrp/TotalAmt010769
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01879
IRS990/PayrollTaxesGrp/ProgramServicesAmt07516
IRS990/PayrollTaxesGrp/TotalAmt09395
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028947
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt033744
IRS990/PrincipalOfficerNm0RAFAEL LOHNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1541990
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/Desc0SCAP LOAN INTEREST INC
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM RELATED INVEST
IRS990/ProgramServiceRevenueGrp/Desc2CLOSING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0175099
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1159595
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt28000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0175099
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1159595
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02815920
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0787082
IRS990/PYRevenuesLessExpensesAmt0-2118170
IRS990/PYSalariesCompEmpBnftPaidAmt089332
IRS990/PYTotalExpensesAmt02905252
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0787082
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1385120
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0342694
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt014500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt020237
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt035737
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01896403
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt035737
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt014500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt020237
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt035737
IRS990ScheduleA/TotalSupportAmt035737
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/DirectContactLegislatorsAmt061952
IRS990ScheduleC/DirectContactLegislatorsInd01
IRS990ScheduleC/GrantsOtherOrganizationsInd00
IRS990ScheduleC/MailingsMembersInd00
IRS990ScheduleC/MediaAdvertisementsInd00
IRS990ScheduleC/NotDescribedSection501c3Ind00
IRS990ScheduleC/OtherActivitiesInd00
IRS990ScheduleC/PaidStaffOrManagementInd01
IRS990ScheduleC/PublicationsOrBroadcastInd00
IRS990ScheduleC/RalliesDemonstrationsInd00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE INSTITUTE ADVOCATES FOR ITS INVOLVEMENT WITH THE ADMINISTRATION OF THE FLORIDA EQUITY CAPITAL PROGRAM, WHICH MAY BE A COMPONENT OF SSBCI 2.0, THROUGH THE USE OF PAID CONSULTANTS AND VOLUNTEERS. SPECIFICALLY, CAPITAL CITY CONSULTING, LLC, HAS AN ACTIVE CONTRACT WITH THE INSTITUTE TO LOBBY ON BEHALF OF THE INSTITUTE BEFORE THE DEPARTMENT OF ECONOMIC OPPORTUNITY AND THE EXECUTIVE OFFICE OF THE GOVERNOR, THE LEGISLATURE, AND PUBLIC UNIVERSITIES TO ADVANCE THE INSTITUTE'S MISSION OF SUPPORTING INNOVATION OF FLORIDA COMPANIES AND TO EXPAND ITS PORTFOLIO OF SERVICES TO INCLUDE ADDITIONAL INVESTMENT OVERSIGHT ROLES WITH BOTH PUBLIC AND PRIVATE ENTITIES.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II-B, LINE 1:
IRS990ScheduleC/TotalLobbyingExpendituresAmt061952
IRS990ScheduleC/VolunteersInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010784
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt010784
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt031277
IRS990ScheduleD/ExpensesSubtotalAmt01696537
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01337864
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11718414
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt212484871
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0SEED FUNDING LOANS RECEIVABLE LESS ALLOWANCE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1SEED FUNDING LOANS INTEREST RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2EQUITY INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01966
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt01966
IRS990ScheduleD/OtherExpensesNotIncludedAmt031277
IRS990ScheduleD/OtherRevenuesNotIncludedAmt031277
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt031277
IRS990ScheduleD/RevenueSubtotalAmt0311417
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INSTITUTE IS A NON-PROFIT CORPORATION WHICH IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND, ACCORDINGLY, GENERALLY WOULD NOT INCUR INCOME TAXES. THE FUND IS A SINGLE MEMBER LIMITED LIABILITY COMPANY AND ITS RESULTS ARE INCLUDED IN THE INSTITUTES TAX FILINGS. AS A RESULT, THE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES. THE ORGANIZATION IDENTIFIES AND EVALUATES UNCERTAIN TAX POSITIONS, IF ANY, AND RECOGNIZES THE IMPACT OF UNCERTAIN TAX POSITIONS FOR WHICH THERE IS A LESS THAN MORE-LIKELY-THAN-NOT PROBABILITY OF THE POSITION BEING UPHELD WHEN REVIEWED BY THE RELEVANT TAXING AUTHORITY. SUCH POSITIONS ARE DEEMED TO BE UNRECOGNIZED TAX BENEFITS AND A CORRESPONDING LIABILITY IS ESTABLISHED ON THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. THE ORGANIZATION HAS NOT RECOGNIZED A LIABILITY FOR UNCERTAIN TAX POSITIONS. IF THERE WERE AN UNRECOGNIZED TAX BENEFIT, THE ORGANIZATION WOULD RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. THE ORGANIZATIONS TAX YEARS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE GENERALLY REMAIN OPEN FOR THREE YEARS FROM THE DATE OF FILING.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CARRIED INTEREST EXPENSE 31,277.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CARRIED INTEREST EXPENSE 31,277.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt015541149
IRS990ScheduleD/TotalExpensesPerForm990Amt01727814
IRS990ScheduleD/TotalRevenuePerForm990Amt0342694
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0311417
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01696537
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BODY NOW APPOINTS NEW MEMBERS AS VACANCIES ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SECRETARY REVIEWS THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS AND COMMITTEE MEMBERS MUST ADVISE THE BOARD OF ANY DIRECT AND INDIRECT INTEREST IN ANY TRANSACTION OR RELATIONSHIP WITH THE ORGANIZATION AND NOT PARTICIPATE IN DISCUSSIONS AND DECISIONS REGARDING ANY ACTION AFFECTING THEIR INDIVIDUAL, PROFESSIONAL, OR BUSINESS INTERESTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED ANNUALLY AND ESTABLISHED BY THE INSTITUTE'S BOARD OF DIRECTORS OR THE INSTITUTE'S EXECUTIVE COMMITTEE USING COMPARABILITY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGES FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0INSTITUTE FOR COMMERCIALIZATION OF FLORIDA TECHNOLOGY INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0FLORIDA TECHNOLOGY SEED CAPITAL FUND LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0463686978
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt014769650
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0INVESTMENT FUNDING IN INNOVATION BUSINESSES
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0236166
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt06911 PISTOL RANGE RDSUITE 131
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0TAMPA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd033635
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt018448245
IRS990/TotalAssetsEOYAmt017091469
IRS990/TotalAssetsGrp/BOYAmt018448245
IRS990/TotalAssetsGrp/EOYAmt017091469
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0204694
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01523120
IRS990/TotalFunctionalExpensesGrp/TotalAmt01727814
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0116704
IRS990/TotalLiabilitiesEOYAmt0145048
IRS990/TotalLiabilitiesGrp/BOYAmt0116704
IRS990/TotalLiabilitiesGrp/EOYAmt0145048
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt018331541
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt016946421
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01523120
IRS990/TotalProgramServiceRevenueAmt0342694
IRS990/TotalReportableCompFromOrgAmt088308
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0342694
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0342694
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018448245
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017091469
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01099
IRS990/TravelGrp/ProgramServicesAmt04398
IRS990/TravelGrp/TotalAmt05497
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06911 PISTOL RANGE RD 131
IRS990/USAddress/CityNm0TAMPA
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033635
IRS990/VotingMembersGoverningBodyCnt03

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