Overview
What is Enterprise Florida Inc?
Enterprise Florida Inc, based in Orlando, Florida, is a business development nonprofit organization dedicated to increasing capital investment and job creation within the state. They work closely with businesses to facilitate job growth and retention by managing projects and fostering relationships with industry leaders and local partners. The organization focuses on a variety of industries, including clean energy, life sciences, information technology, aviation/aerospace, financial/professional services, and manufacturing. With a network of regional and local economic development organizations, Enterprise Florida, Inc. (EFI) enhances Florida's business climate, ensuring the state's global competitiveness. Confidentially assisting companies with expansion and location plans, EFI offers site selection services, demographic information, incentive information, and trade leads. Their mission is to facilitate job growth for Florida's businesses and citizens, contributing to a vibrant statewide economy.
Official website here: www.eflorida.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 92% - Four-Star out of Four Star Rating
Enterprise Florida Inc has received a 92% score from Charity Navigator, indicating a strong level of accountability and financial health. The organization demonstrates transparency with many key governance policies in place, including an independent board and comprehensive financial oversight. Their high rating reflects a commitment to responsible management of resources.
The organization shows robust financial practices with a low liabilities to assets ratio of 34.45%, suggesting sound financial stability. Additionally, the program expense ratio is 63.78%, indicating a significant portion of their budget is directed towards their mission-related activities. This financial commitment exemplifies their dedication to effective service delivery.
While the organization has strengths in governance and financial management, the program expense ratio leaves some room for improvement relative to the maximum score. This could suggest potential areas for enhancing programmatic effectiveness or impact assessment practices moving forward. Overall, Enterprise Florida Inc stands out as a well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Enterprise Florida Inc legitimate?
Enterprise Florida Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Enterprise Florida 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: $1,124,096
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,060,142
For more financial information, click here
Official website here: www.eflorida.com
What is the mission statement of Enterprise Florida Inc?
Enterprise Florida Inc, or EFI, is dedicated to promoting job growth for businesses and citizens in Florida. By focusing on various industry sectors including clean energy, life sciences, information technology, aviation/aerospace, homeland security/defense, financial/professional services, and manufacturing, EFI works to enhance Florida's business climate and maintain global competitiveness. In collaboration with a network of regional and local economic development organizations, EFI assists companies confidentially with their expansion and location plans. The organization offers services such as site selection, demographic information, incentive information, and trade leads to facilitate job creation and retention within the state. EFI also fosters relationships with site selectors, industry leaders, and Florida's 67 local partners to attract high-quality jobs within targeted industries.
Official website here: www.eflorida.com
Who is the CEO of Enterprise Florida Inc?
Marc Adler is the CEO of Enterprise Florida Inc The CEO's salary of Enterprise Florida Inc is $158,177 and their total compensation is $192,241.
Official website here: www.eflorida.com
What is the revenue of Enterprise Florida Inc?
Enterprise Florida Inc's revenue in 2022 was $16,140,627.
Official website here: www.eflorida.com
Who are the executives of Enterprise Florida Inc and what are their salaries?
The average compensation at Enterprise Florida Inc during 2022 was $49,374. There are 105 employees at Enterprise Florida Inc.
Here are 77 key members and their salaries (Enterprise Florida Inc's CEO's salary is $158,177 and their total compensation is $192,241):
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- Compensation: $201,359
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Official website here: www.eflorida.com
Where can I find the form 990 for Enterprise Florida Inc?
Enterprise Florida Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eflorida.com
Learn more at the official website: www.eflorida.com
Mission Statement of Enterprise Florida Inc
Enterprise Florida Inc, a key player in Florida's business landscape, is dedicated to facilitating job growth for the state's businesses and citizens. By focusing on a diverse range of industry sectors, including clean energy, life sciences, information technology, aviation/aerospace, homeland security/defense, financial/professional services, and manufacturing, the organization ensures Florida's global competitiveness.
In partnership with a statewide network of regional and local economic development organizations, Enterprise Florida, Inc. (EFI) improves Florida's business climate, providing confidential assistance to companies with their expansion and location plans. EFI offers various services, such as site selection, demographic information, incentive information, and trade leads, to help businesses thrive within the state. The division fosters relationships with industry leaders and Florida's 67 local partners, working tirelessly to attract high-quality jobs within the state's targeted industries.
EFI's mission in action is the driving force behind its business development division. This division is responsible for managing national and international business development projects to increase capital investment and job creation within Florida. By coordinating introductions to their extensive network of economic development partners, the division facilitates relationships that foster job growth and retention within the state. EFI's commitment to fostering strong partnerships with counties and site selectors enables Florida to attract top businesses and industries, contributing to a vibrant statewide economy.
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Impact
October, 2024
Enterprise Florida Inc plays a pivotal role in fostering job growth and enhancing the economic landscape of Florida. By focusing on diverse industry sectors such as clean energy, life sciences, information technology, aviation/aerospace, homeland security/defense, financial/professional services, and manufacturing, it facilitates increased capital investment and job opportunities throughout the state.
The organization collaborates with a robust network of regional and local economic development agencies to improve Florida's business climate, thereby bolstering the state’s global competitiveness. Through comprehensive services including site selection assistance, demographic and incentive information, and trade leads, Enterprise Florida supports companies in navigating expansion and location decisions. This targeted support not only aids existing businesses but also attracts new enterprises to the state, ultimately leading to the creation and retention of high-quality jobs.
Enterprise Florida’s commitment to fostering relationships with site selectors, industry leaders, and local partners underscores its effectiveness in driving sustainable economic growth. By prioritizing collaboration and support, it enhances the overall business environment, contributing to a vibrant statewide economy that benefits Florida's businesses and citizens alike.
This information is meant to be a general summary of Enterprise Florida 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: $46
- Program Service Revenue: $1,876,912
- Gross Receipts: $16,140,627
Assets and Liabilities:
- Total Assets: $104,746,338
- Total Liabilities: $33,383,750
- Net Assets: $71,362,588
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRADE SHOW
Revenue
$1,193,062
MGMT FEES FROM AFFILIATES
Revenue
$222,000
INCOME FROM PROGRAM INVESTMENTS
Revenue
$162,875
Organization Details
Founding Year
1996
Principal Officer
Laura Dibella
Website
www.eflorida.comNTEE Category
Code: S110 - Community improvement
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