2024-01-31T14:20:45-06:00 2023-06-30 580692043 MAULDIN & JENKINS LLC 1401 MANATEE AVE W STE 1200 BRADENTON FL 34205 990 2022-07-01 596139568 FLORIDA BANKERS EDUCATIONAL FOUNDATION FLOR 8502242265 PO BOX 1360 TALLAHASSEE FL 32302 LESLEY JORDAN CFO 8502242265 2024-01-25 1 LESLEY JORDAN 999009999 1 BRIAN CARTER P00536712 9417474483 2024-01-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LETICIA NEWTON PO BOX 1360 TALLAHASSEE FL 32302 407574 0 X WWW.FLORIDABANKERS.COM X 1956 FL IT IS THE MISSION OF THE FLORIDA BANKERS EDUCATIONAL FOUNDATION TO ADVANCE CAREERS IN BANKING. 7 7 0 7 0 0 93575 284166 0 0 92758 -16557 4969 2323 191302 269932 19500 221750 0 0 84148 85213 0 0 0 49602 46596 153250 353559 38052 -83627 2598215 2762765 41744 44623 2556471 2718142 IT IS THE MISSION OF THE FLORIDA BANKERS EDUCATIONAL FOUNDATION TO ADVANCE CAREERS IN BANKING. 0 0 311374 221750 THE FOUNDATION GRANTS SCHOLARSHIP/LOAN ASSISTANCE TO BANKERS SEEKING TO ADVANCE THEIR COLLEGE EDUCATION AND/OR PROFESSIONAL DEVELOPMENT. ALL LOANS GRANTED CONTAIN A FORGIVENESS FEATURE WHICH STATES THAT AFTER A STUDENT GRADUATES FROM COLLEGE, THE LOAN WILL BE FORGIVEN IF THE GRADUATE COMPLETES ONE YEAR OF FULL-TIME CONTINUOUS EMPLOYMENT WITH A FLORIDA BANK. IN 2022 - 2023, THE FOUNDATION GRANTED 3 SCHOLARSHIP/LOAN FOR $8,500 AND FORGAVE IN FULL 1 SCHOLARSHIP/LOAN FOR A TOTAL OF $5,600. 311374 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X LESLEY JORDAN 8502242265 1001 THOMASVILLE ROAD SUITE 201 TALLAHASSEE FL 32302 SUSAN PAYNE TURNER CHAIR 0.25 X X 0 0 0 BETHANY H CORUM VICE CHAIR 0.25 X X 0 0 0 CONNIE FRADY TRUSTEE 0.25 X 0 0 0 FRED LEOPOLD TRUSTEE 0.25 X 0 0 0 EDWARD MEGGS TRUSTEE 0.25 X 0 0 0 CATHY P SWANSON TRUSTEE 0.25 X 0 0 0 JOHN M THOMPSON TRUSTEE 0.25 X 0 0 0 LESLEY JORDAN CFO 10.00 40.00 X 0 204641 43813 LETICIA NEWTON EXECUTIVE DIRECTOR 40.00 X 0 62712 18940 PAMELA RICCO STAFF LIASON 10.00 40.00 X 0 263924 54099 0 531277 116852 0 0 1 0 0 284166 284166 67239 67239 50000 133796 -83796 -83796 -83796 6161 3846 2315 2315 MISCELLANEOUS 900003 8 8 8 269932 0 0 -14234 3000 3000 218750 218750 61973 61973 8484 8484 10016 10016 4740 4740 11000 11000 19137 19137 959 959 6092 6092 604 604 1044 1044 ALLOCATION 3600 3600 PROVISION FOR LOANS 2742 2742 MISCELLANEOUS 1309 1065 244 MEALS & ENTERTAINMENT 109 109 353559 311374 42185 0 32469 32126 40000 967 5673 1108 1690 2523671 2723276 2598215 2762765 41744 44623 41744 44623 X 2416471 2578142 140000 140000 2556471 2718142 2598215 2762765 -83627 245298 0 X X 0 1 X 1 0 X X X 1 FLORIDA BANKERS ASSOCIATION 591398673 10 1 108751 0 1 108751 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, LINE 3B THE SUPPORTING ORGANIZATION'S GOVERNING DOCUMENTS STATE THAT IT IS THE RESPONSIBILITY OF THE BOARD OF TRUSTEES TO SOLICIT AND ADMINSTER ALL FUNDS. THE BOARD OF TRUSTEES REGULARLY MONITORS THE STATUS OF THE RECIPIENT AND THE SUPPORTED ORGANIZATIONS'S EXPENDITURES BY KEEPING A COPY OF THE IRS DETERMINATION LETTER, THE TAX RETURNS OF THE SUPPORTED ORGANIZATION, AND CONSTANT COMMUNICATION WITH THE SUPPORTED ORGANIZATION TO ENSURE THAT THE ASSETS WERE USED SOLELY FOR CHARITABLE PURPOSES. PART IV, LINE 3C THE BOARD OF TRUSTEES REGULARLY MONITORS THE STATUS OF THE RECIPIENT AND THE SUPPORTED ORGANIZATIONS'S EXPENDITURES BY KEEPING A COPY OF THE IRS DETERMINATION LETTER, THE TAX RETURNS OF THE SUPPORTED ORGANIZATION, AND CONSTANT COMMUNICATION WITH THE SUPPORTED ORGANIZATION TO ENSURE THAT THE ASSETS WERE USED SOLELY FOR CHARITABLE PURPOSES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1468480 1468480 1428480 40000 1468480 1428480 1428480 1427480 1000 1428480 1385250 40000 2230 1427480 0.90470 0.09530 0 0 0 X 499939 245298 3846 249144 250795 19137 19137 269932 338268 3846 3846 334422 19137 19137 353559 PART X, LINE 2: THE FOUNDATION QUALIFIES AS A CHARITABLE ORGANIZATION AS DEFINED BY INTERNAL REVENUE CODE SECTION 501(C)(3) AND, ACCORDINGLY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(A). HOWEVER, THE FOUNDATION IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, THE FOUNDATION INCURRED NO INCOME TAX EXPENSE. IT IS THE FOUNDATION'S POLICY TO ACCOUNT FOR ANY UNCERTAINTIES IN INCOME TAX LAW IN ACCORDANCE WITH FASB ASC 740-10 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC 740-10 CLARIFIES THE ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS AND REQUIRES THAT THE FOUNDATION RECOGNIZE THE IMPACT OF SUCH A TAX POSITION IN ITS FINANCIAL STATEMENTS IF, UPON ULTIMATE SETTLEMENT, THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS MAINTAINED ITS TAX-EXEMPT STATUS AND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. AS A RESULT, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. THE FOUNDATION FILES ITS FORM 990 IN THE U.S. FEDERAL JURISDICTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE NETTED WITH REVENUE ON 990 3,846. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE NETTED WITH REVENUE ON 990 3,846. PART V, LINE 4 THE ENDOWED SCHOLARSHIPS BENEFIT CURRENT AND FUTURE GENERATIONS OF BANKERS SEEKING TO COMPLETE THEIR COLLEGE DEGREE IN FLORIDA. RECIPIENTS MUST BE ENROLLED AT ONE OF THE FLORIDA BANKERS EDUCATIONAL FOUNDATION'S PARTICIPATING UNIVERSITIES OR COLLEGES AND PURSUE A BANKING-RELATED MAJOR. FOLLOWING GRADUATION, STUDENTS MUST COMPLETE ONE YEAR OF CONTINUOUS FULL-TIME EMPLOYMENT WITH A FLORIDA BANK. 1 HURRICANE IAN RELIEF 120 218750 PART I, LINE 2: FLORIDA BANKERS EDUCATIONAL FOUNDATION HAS AN INTERNAL COMMITTEE THAT REVIEWS THE APPLICATIONS AND EXPENDITURES FOR COMPLIANCE WITH STATED REQUIREMENTS. X 0 0 0 0 0 0 0 0 0 PAMELA RICCO STAFF LIASON 0 190634 0 69533 0 3757 0 46353 0 7746 0 318023 0 0 LESLEY JORDAN CFO 0 147439 0 56118 0 1084 0 36067 0 7746 0 248454 0 0 PART I, LINE 3 THE FOUNDATION COMPENSATION PACKAGES ARE APPROVED BY THE CEO OF FLORIDA BANKERS ASSOCIATION AND INCLUDED IN THE ANNUAL BUDGET OF THE ORGANIZATION. THE FOUNDATION'S ANNUAL BUDGET IS APPROVED EACH YEAR BY THE BOARD OF TRUSTEES. FORM 990, PART V, LINE 2A PER IRC SECTION 3121, IF TWO OR MORE RELATED CORPORATIONS CONCURRENTLY EMPLOY THE SAME INDIVIDUAL AND COMPENSATE SUCH INDIVIDUAL THROUGH A COMMON PAYMENT EACH CORPORATION SHALL BE CONSIDERED TO HAVE PAID AS REMUNERATION TO SUCH INDIVIDUAL ONLY THE AMOUNTS ACTUALLY DISBURSED. FORM 990, PART VI, SECTION A, LINE 7A THE FLORIDA BANKERS ASSOCIATION, INC, A RELATED ORGANIZATION, APPROVES THE BOARD OF TRUSTEES FOR THE FLORIDA BANKERS EDUCATIONAL FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND ACCOMPANYING SCHEDULES ARE PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE FOUNDATION REVIEWS THE FORM 990 AND ACCOMPANYING SCHEDULES. ALL QUESTIONS AND ISSUES ARE RESOLVED WITH THE INDEPENDENT ACCOUNTING FIRM PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE CENTER. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT REQUIRES THE BOARD OF TRUSTEES TO ANNUALLY DISCLOSE POTENTIAL CONFLICTS OF THEMSELVES AND THEIR FAMILY MEMBERS ON A FORM DISTRIBUTED BY THE FOUNDATION. THE CHIEF FINANCIAL OFFICER ENSURES THAT ALL FORMS ARE COMPLETED, REVIEWS THEM FOR CONFLICTS, AND SUBMITS ACTUAL OR POTENTIAL CONFLICTS TO THE BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15A THE FOUNDATION COMPENSATION PACKAGES ARE APPROVED BY THE CEO OF FLORIDA BANKERS ASSOCIATION AND INCLUDED IN THE ANNUAL BUDGET OF THE ORGANIZATION. THE FOUNDATION'S ANNUAL BUDGET IS APPROVED EACH YEAR BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THREE MOST CURRENT YEARS OF FINANCIAL STATEMENTS AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS AUDIT REVIEW PROCESS DURING THE YEAR. FLORIDA BANKERS ASSOCIATION INC P O BOX 1360 TALLAHASSEE FL 32302 591398673 TRADE ASSOCIATION FL 501(C)(6) 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 FLORIDA BANKERS ASSOCIATION INC 108751 ACTUAL