Overview
What is Florida Opportunity Fund Inc?
Florida Opportunity Fund Inc is a nonprofit organization situated in Orlando, Florida. Its primary mission is to boost the accessibility of seed capital and early-stage venture equity financing for emerging businesses within the state. The organization focuses on industries like life sciences, information technology, advanced manufacturing processes, aviation and aerospace, homeland security and defense, and energy-efficient or renewable energy products and technologies, among others. By investing in a diverse, high-quality portfolio of seed and early-stage venture capital funds, the Florida Opportunity Fund aims to contribute to Florida's economic development, foster company creation, retention, and growth, and develop a thriving venture capital investment community in Florida.
Official website here: www.floridaopportunityfund.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
The Florida Opportunity Fund Inc has achieved a perfect score of 100%, earning it a prestigious Four-Star out of Four Star rating, which reflects its outstanding performance in accountability and finance. This rating is significant as it indicates the organization's strong commitment to transparency and responsible financial management, critical factors for donor trust and engagement.
The organization boasts an impressive accountability score, with all board members being independent, which enhances governance integrity. Additionally, it has a high program expense ratio of 96.75%, suggesting that a significant portion of its funds is directed towards programs rather than administrative costs. This focus on programmatic spending reinforces its effectiveness in fulfilling its mission.
While the data highlights notable strengths, such as exemplary financial oversight and robust policies in place, there are no specific limitations mentioned. The organization's commitment to transparency and ethical governance is evident, making Florida Opportunity Fund Inc a potentially reliable option for donors looking to support impactful initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Florida Opportunity Fund Inc legitimate?
Florida Opportunity Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Opportunity Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.floridaopportunityfund.com
What is the mission statement of Florida Opportunity Fund Inc?
Florida Opportunity Fund Inc's mission is centered around identifying and investing in a diverse portfolio of seed and early-stage venture capital funds. The primary goal is to achieve a superior internal rate of return on private equity investments while contributing to Florida's economic development. The fund aims to foster the creation, retention, and growth of companies within Florida, focusing on sectors such as life sciences, information technology, advanced manufacturing processes, aviation and aerospace, homeland security and defense, and other strategic technologies. Additionally, Florida Opportunity Fund Inc seeks to encourage the development and growth of a vibrant venture capital investment community in the state.
Official website here: www.floridaopportunityfund.com
Who is the CEO of Florida Opportunity Fund Inc?
Laura Dibella is the Chairman of Florida Opportunity Fund Inc.
Official website here: www.floridaopportunityfund.com
What is the revenue of Florida Opportunity Fund Inc?
Florida Opportunity Fund Inc's revenue in 2022 was $3,329,239.
Official website here: www.floridaopportunityfund.com
Who are the executives of Florida Opportunity Fund Inc and what are their salaries?
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $158,177
- Other: $34,064
- Compensation: $0
- Related: $109,069
- Other: $70,200
- Compensation: $0
- Related: $62,685
- Other: $14,572
- Compensation: $0
- Related: $85,796
- Other: $170,799
- Compensation: $0
- Related: $18,461
- Other: $3,568
Official website here: www.floridaopportunityfund.com
Where can I find the form 990 for Florida Opportunity Fund Inc?
Florida Opportunity Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.floridaopportunityfund.com
Learn more at the official website: www.floridaopportunityfund.com
Mission Statement of Florida Opportunity Fund Inc
Florida Opportunity Fund, often referred to as FOF, was established with a specific mission in mind. Recognizing the need to boost the availability of seed capital and early-stage venture equity for emerging businesses in the state, the Florida Legislature created this fund. FOF's objective is to invest in a diverse, high-quality portfolio of seed and early-stage venture capital funds, targeting opportunities within Florida. By doing so, the fund aims to contribute to Florida's economic development, foster the creation, retention, and growth of businesses in the state, and encourage the development of a vibrant Florida-based venture capital investment community. The fund has a particular interest in supporting enterprises in sectors such as life sciences, information technology, advanced manufacturing processes, aviation and aerospace, homeland security and defense, and other strategic technologies.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Florida Opportunity Fund Inc's impact lies in bolstering the availability of seed capital and early-stage venture equity capital for emerging companies in Florida. By targeting diverse sectors such as life sciences, information technology, advanced manufacturing, aviation and aerospace, homeland security and defense, and energy-efficient or renewable energy technologies, the Fund plays a crucial role in fostering the creation, retention, and growth of companies within the state. Additionally, by aiming to achieve a superior internal rate of return on private equity investments, Florida Opportunity Fund Inc actively contributes to the state's economic development while nurturing a robust Florida-based venture capital investment community.
This information is meant to be a general summary of Florida Opportunity Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,132,054
- Program Service Revenue: $197,185
- Gross Receipts: $13,526,277
Assets and Liabilities:
- Total Assets: $103,018,563
- Total Liabilities: $1,100,345
- Net Assets: $101,918,218
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RELATED INTEREST INCOME
Revenue
$197,185
Organization Details
Founding Year
2007
Phone
(407) 956-5600Principal Officer
Laura Dibella
Main Address
800 N MAGNOLIA AVE 1100, ORLANDO, FL, 32803
NTEE Category
Code: S31 - Community improvement
If you are a representative of Florida Opportunity Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.