Overview
What is Florida Bankers Educational Foundation?
The Florida Bankers Educational Foundation is a nonprofit organization situated in Tallahassee, Florida. Its primary mission is to foster career growth in the banking sector by providing scholarship and loan assistance to individuals seeking higher education or professional development. The foundation offers loans with a unique forgiveness feature, where after graduation and completion of a year of full-time, continuous employment with a Florida bank, the loan is fully forgiven. In the 2021-2022 period, the foundation granted five scholarships/loans worth $19,500 and fully forgave four scholarships/loans worth $16,000. The Florida Bankers Educational Foundation is committed to supporting the banking industry by advancing the careers of its members.
Official website here: www.floridabankers.com
Is Florida Bankers Educational Foundation legitimate?
Florida Bankers Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Bankers Educational Foundation 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: $67,222
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For more financial information, click here
Official website here: www.floridabankers.com
What is the mission statement of Florida Bankers Educational Foundation?
The Florida Bankers Educational Foundation's mission is centered around advancing careers in banking. In line with this, the foundation provides scholarship and loan assistance to individuals in the banking sector who are looking to further their college education or professional development. Notably, the loans granted by the foundation include a forgiveness feature, which means that once a graduate completes a year of full-time continuous employment with a Florida bank, the loan is fully forgiven. In the 2021-2022 period, the foundation awarded five such scholarships/loans worth $19,500 and fully forgave four of these loans, amounting to $16,000.
Official website here: www.floridabankers.com
What is the revenue of Florida Bankers Educational Foundation?
Florida Bankers Educational Foundation's revenue in 2024 was $203,397.
Official website here: www.floridabankers.com
Who are the executives of Florida Bankers Educational Foundation and what are their salaries?
There 9 volunteers at Florida Bankers Educational Foundation.
Here are 12 key members and their salaries:
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- Related: $63,356
- Other: $24,945
Official website here: www.floridabankers.com
Where can I find the form 990 for Florida Bankers Educational Foundation?
Florida Bankers Educational Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.floridabankers.com
Learn more at the official website: www.floridabankers.com
Mission Statement of Florida Bankers Educational Foundation
The Florida Bankers Educational Foundation is dedicated to advancing careers in banking. Its mission is to support bankers seeking to further their college education and professional development. The organization achieves this by granting scholarship and loan assistance with a unique forgiveness feature. Following completion of a full-time, continuous year of employment with a Florida bank, the loan is completely forgiven. In the 2021-2022 period, the Foundation awarded five such scholarships and loans totaling $19,500, and fully forgave four scholarships and loans worth $16,000. This demonstrates the Foundation's commitment to investing in the future of banking professionals in Florida.
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Impact
October, 2024
The Florida Bankers Educational Foundation significantly impacts the banking industry by advancing careers through educational support. By providing scholarships and loan assistance, the foundation empowers bankers to enhance their education and professional skills. The unique forgiveness feature of the loans incentivizes graduates to commit to full-time employment with Florida banks, ensuring a continuous influx of qualified professionals into the workforce.
In the 2021-2022 period alone, the foundation awarded five scholarships/loans totaling $19,500 and forgave four loans amounting to $16,000 upon successful employment of the graduates. This initiative not only promotes individual career growth but also strengthens the banking sector in Florida, fostering a skilled and dedicated workforce. The foundation's efforts create a ripple effect, contributing to the overall stability and growth of the banking community in the state.
This information is meant to be a general summary of Florida Bankers Educational Foundation. 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 2024.
- Investment Income: $63,980
- Gross Receipts: $246,408
Assets and Liabilities:
- Total Assets: $2,598,215
- Total Liabilities: $41,744
- Net Assets: $2,556,471
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Organization Details
Founding Year
1956
Principal Officer
Leticia Newton
Website
www.floridabankers.comNTEE Category
Code: B82 - Education
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