2022-12-05T15:50:05-06:00 2022-06-30 650406502 DASZKAL BOLTON LLP 2401 NW BOCA RATON BLVD BOCA RATON FL 334316639 990 2021-07-01 900348486 INSTITUTE FOR COMMERCIALIZATION OF FLORIDA TECHNOLOGY INC INST 5613688889 6911 PISTOL RANGE RD 131 TAMPA FL 33635 RAFAEL LOHNER EXECUTIVE DIRECTOR 5613688889 2022-12-05 1 RAFAEL LOHNER 999009999 KEVIN E REYNOLDS P00178156 5613671040 2022-12-05 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z RAFAEL LOHNER 6911 PISTOL RANGE RD 131 TAMPA FL 33635 342694 0 X WWW.FLORIDA-INSTITUTE.COM X 2007 FL PROMOTING ECONOMIC DEVELOPMENT THROUGH THE COMMERCIALIZATION OF NEW DISCOVERIES. 3 3 1 30 0 0 0 0 787082 342694 0 0 0 0 787082 342694 0 0 0 0 89332 112994 0 0 0 2815920 1614820 2905252 1727814 -2118170 -1385120 18448245 17091469 116704 145048 18331541 16946421 X 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. 0 0 1523120 342694 CONSISTENT WITH FLORIDA'S TARGETED INDUSTRY CLUSTER STRATEGY, THE INSTITUTE MATCHES COMMERCIALLY VIABLE TECHNOLOGIES WITH EXPERIENCED MANAGEMENT AND CAPITAL TO CREATE NEW STARTUP COMPANIES. THE INSTITUTE ALSO MANAGES SEED FUNDING PROGRAMS TO PROVIDE FUNDING TO QUALIFIED EARLY STAGE COMPANIES. RECIPIENTS MUST MATCH INSTITUTE FUNDING WITH PRIVATE INVESTMENT CAPITAL, AND FUNDED COMPANIES HAVE RAISED NEARLY $67 MILLION IN PRIVATE MATCHING FUNDS THIS YEAR. THE INSTITUTE'S FUNDS CONTINUE TO BE MANAGED BY THE SAME PRIVATE FUND MANAGER AS LAST FISCAL YEAR, COMPLETING 14 FUNDING TRANSACTIONS. ECONOMIC IMPACT THIS YEAR WAS $733 MILLION. 1523120 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 4 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X X RAFAEL LOHNER 5613688889 6911 PISTOL RANGE RD TAMPA FL 33635 RENEE FINLEY CHAIRMAN 1.00 X X 0 0 0 RICK WASSEL VICE CHAIRMAN 1.00 X X 0 0 0 JIM O'CONNELL BOARD MEMBER 1.00 X 0 0 0 RAFAEL LOHNER EXECUTIVE DIRECTOR 40.00 X 88308 0 0 LYNN MATTICE TREASURER 10.00 X 0 0 0 88308 0 0 0 0 0 0 0 SCAP LOAN INTEREST INC 522291 175099 175099 PROGRAM RELATED INVEST 541990 159595 159595 CLOSING FEES 522291 8000 8000 342694 342694 342694 0 0 92830 74264 18566 10769 8615 2154 9395 7516 1879 16065 13003 3062 44507 36025 8482 53560 43352 10208 338828 274252 64576 10169 3632 6537 4232 3809 423 7243 6520 723 5497 4398 1099 1598 1278 320 22820 22820 BAD DEBT 1007681 1007681 0 GOVERNMENT RELATIONS 61952 61952 CARRIED INTEREST EXPENS 31277 31277 0 DUES & SUBSCRIPTION 6965 5572 1393 2426 1926 500 1727814 1523120 204694 0 2805542 1515996 28947 33744 12750 12750 0 0 15613176 15541149 580 580 18448245 17091469 116704 145048 116704 145048 X 219641 -157798 18111900 17104219 18331541 16946421 18448245 17091469 -1385120 0 X X 0 1 X 1 0 X 20237 14500 1000 0 0 35737 20237 14500 1000 35737 35737 35737 1896403 1.00000 1.00000 X 1 1 0 0 0 0 1 61952 0 0 61952 0 PART II-B, LINE 1: THE INSTITUTE ADVOCATES FOR ITS INVOLVEMENT WITH THE ADMINISTRATION OF THE FLORIDA EQUITY CAPITAL PROGRAM, WHICH MAY BE A COMPONENT OF SSBCI 2.0, THROUGH THE USE OF PAID CONSULTANTS AND VOLUNTEERS. SPECIFICALLY, CAPITAL CITY CONSULTING, LLC, HAS AN ACTIVE CONTRACT WITH THE INSTITUTE TO LOBBY ON BEHALF OF THE INSTITUTE BEFORE THE DEPARTMENT OF ECONOMIC OPPORTUNITY AND THE EXECUTIVE OFFICE OF THE GOVERNOR, THE LEGISLATURE, AND PUBLIC UNIVERSITIES TO ADVANCE THE INSTITUTE'S MISSION OF SUPPORTING INNOVATION OF FLORIDA COMPANIES AND TO EXPAND ITS PORTFOLIO OF SERVICES TO INCLUDE ADDITIONAL INVESTMENT OVERSIGHT ROLES WITH BOTH PUBLIC AND PRIVATE ENTITIES. 1966 1966 0 10784 10784 0 0 SEED FUNDING LOANS RECEIVABLE LESS ALLOWANCE 1337864 C SEED FUNDING LOANS INTEREST RECEIVABLE 1718414 C EQUITY INVESTMENTS 12484871 C 15541149 X 311417 0 311417 31277 31277 342694 1696537 0 1696537 31277 31277 1727814 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 31,277. PART XII, LINE 4B - OTHER ADJUSTMENTS: CARRIED INTEREST EXPENSE 31,277. 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 15 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. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR. FLORIDA TECHNOLOGY SEED CAPITAL FUND LLC 6911 PISTOL RANGE RDSUITE 131 TAMPA FL 33635 463686978 INVESTMENT FUNDING IN INNOVATION BUSINESSES FL 236166 14769650 INSTITUTE FOR COMMERCIALIZATION OF FLORIDA TECHNOLOGY INC