Civic Intelligence

Institute for Commercialization of Florida Technology Inc.

990 • Fiscal year 2021 • EIN 90-0348486

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 10, 2021

Organization ProfileWWW.FLORIDA-INSTITUTE.COM
6911 Pistol Range Rd No 131Tampa, FL 33635

(561) 368-8889

Siviq Scores

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

Liabilities / Assets

14th percentile

0.01x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

40th percentile

0.15x

Higher debt load relative to revenue than 40% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

1st percentile

-269%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

17th percentile

$65,327

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

6th percentile

-10%

Faster asset growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

76th percentile

42%

Faster revenue growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$18,448,245

Down $2,114,946 (-10%) from 2020

Net Assets

Down

$18,331,541

Down $2,118,170 (-10%) from 2020

Liabilities

Up

$116,704

Up $3,224 (+2.8%) from 2020

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin1st percentile

Revenue

Up

$787,082

Up $234,636 (+42%) from 2020

Expenses

Up

$2,905,252

Up $1,200,531 (+70%) from 2020

Net Income

Down

-$2,118,170

Down $965,895 (-84%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$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

2021

Assets$18,448,245
Liabilities$116,704
Net Assets$18,331,541
Open 2021 Filing

Operations Trend

Revenue Growth76th percentile

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

2021

Revenue$787,082
Expenses$2,905,252
Net Income-$2,118,170
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 10, 2021
Return Version
2020v4.1
Gross Receipts
$787,082
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$18,009,384$15,613,176▼ $2,396,208
Cash and Non-Interest-Bearing Accounts$2,502,519$2,805,542▲ $303,023
Other Notes and Loans Receivable, Net$31,100$0▼ $31,100
Prepaid Expenses and Deferred Charges$18,508$28,947▲ $10,439
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$20,563,191$18,448,245▼ $2,114,946
Other Assets Total$1,680$580▼ $1,100
Liabilities
Accounts Payable and Accrued Expenses$113,480$116,704▲ $3,224
Total Liabilities$113,480$116,704▲ $3,224
Net Assets / Fund Balance
Net Assets With Donor Restrictions$20,365,315$18,111,900▼ $2,253,415
Net Assets Without Donor Restrictions$84,396$219,641▲ $135,245
Total Net Assets Fund Balance$20,449,711$18,331,541▼ $2,118,170
Total Liabilities and Net Assets / Fund Balance$20,563,191$18,448,245▼ $2,114,946

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$11,626,005--
Equipment$0$10,784-
Leasehold Improvements$0$1,966-
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Rafael LohnerExecutive DirectorFT$65,327$65,327

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
$787,082
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-2,118,170

Audited Revenue Reconciliation

Revenue per Audited Statements
$679,964
Revenue Not Reported on Financial Statements
$107,118
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$107,118
Total Revenue per Audited Statements
$679,964
Total Revenue per Form 990
$787,082
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,815,920
Salaries, Compensation, and Employee Benefits$89,332
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$288,707$48,105-$336,812
Current Officers, Directors, Trustees, and Key Employees$66,247$16,561-$82,808
Fees for Services Accounting$43,862$7,308-$51,170
Fees for Services Management$20,270$3,378-$23,648
Insurance-$10,187-$10,187
Fees for Services Legal$8,087$1,347-$9,434
Occupancy$6,300$700-$7,000
Payroll Taxes$5,219$1,305-$6,524
Advertising$2,191$4,201-$6,392
Other Expenses$1,052$263-$1,315
Office Expenses$830$92-$922
Travel$619$155-$774
Conferences and Meetings$590$148-$738
All Other Expenses$540$160-$700
Total Functional Expenses$2,810,075$95,177$0$2,905,252

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,905,252
Expenses per Audited Statements$2,798,134
Total Expenses per Audited Statements$2,798,134
Expenses Not Reported on Financial Statements$107,118
Other Expense Adjustments$107,118
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
No
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
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 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 15A

“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 NO 131, TAMPA, FL 33635

Signing Officer

Name
Rafael Lohner
Title
Executive Director
Phone
5613688889
Signed
2021-12-10
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 107,076. Bank charges 42.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Carried interest expense 107,076. Bank charges 42.”

Raw XML AppendixShowing 400 of 429 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/ProgramServiceRevenueGrp/Desc2CLOSING FEES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1272850
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt24000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0510232
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1272850
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01569532
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0551446
IRS990/PYRevenuesLessExpensesAmt0-1152275
IRS990/PYSalariesCompEmpBnftPaidAmt0135189
IRS990/PYTotalExpensesAmt01704721
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0552446
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2118170
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0787082
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt014500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt020237
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt05631183
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05666920
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02379980
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt05666920
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt014500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt020237
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt05631183
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05666920
IRS990ScheduleA/TotalSupportAmt05666920
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt063862
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt063862
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt0255447
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0255447
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus3Amt03180
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt03180
IRS990ScheduleC/GrassrootsCeilingAmt095793
IRS990ScheduleC/LobbyingCeilingAmt0383171
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010784
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt010784
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0107118
IRS990ScheduleD/ExpensesSubtotalAmt02798134
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt02188012
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11799159
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt211626005
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/OtherExpensesNotIncludedAmt0107118
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0107118
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0107118
IRS990ScheduleD/RevenueSubtotalAmt0679964
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 107,076. BANK CHARGES 42.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CARRIED INTEREST EXPENSE 107,076. BANK CHARGES 42.
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/TotalBookValueProgramRltdAmt015613176
IRS990ScheduleD/TotalExpensesPerForm990Amt02905252
IRS990ScheduleD/TotalRevenuePerForm990Amt0787082
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0679964
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02798134
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 15A
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/EndOfYearAssetsAmt015241181
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0INVESTMENT FUNDING IN INNOVATION BUSINESSES
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0572581
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/TotalAssetsBOYAmt020563191
IRS990/TotalAssetsEOYAmt018448245
IRS990/TotalAssetsGrp/BOYAmt020563191
IRS990/TotalAssetsGrp/EOYAmt018448245
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt095177
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02810075
IRS990/TotalFunctionalExpensesGrp/TotalAmt02905252
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0113480
IRS990/TotalLiabilitiesEOYAmt0116704
IRS990/TotalLiabilitiesGrp/BOYAmt0113480
IRS990/TotalLiabilitiesGrp/EOYAmt0116704
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt020449711
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt018331541
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02810075
IRS990/TotalProgramServiceRevenueAmt0787082
IRS990/TotalReportableCompFromOrgAmt065327
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0787082
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0787082
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt020563191
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt018448245
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0155
IRS990/TravelGrp/ProgramServicesAmt0619
IRS990/TravelGrp/TotalAmt0774
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06911 PISTOL RANGE RD NO 131
IRS990/USAddress/CityNm0TAMPA
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033635
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.FLORIDA-INSTITUTE.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,448,245
Liabilities
$116,704
Net assets
$18,331,541
Revenue
$787,082
Expenses
$2,905,252
Net income
-$2,118,170
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
2021Detailed filing. Detailed filing data is available for this year.$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