2021-12-13T12:29:06-06:00 2021-06-30 650406502 DASZKAL BOLTON LLP 2401 NW BOCA RATON BLVD BOCA RATON FL 334316639 990 2020-07-01 900348486 INSTITUTE FOR COMMERCIALIZATION OF FLORIDA TECHNOLOGY INC INST 5613688889 6911 PISTOL RANGE RD NO 131 TAMPA FL 33635 RAFAEL LOHNER EXECUTIVE DIRECTOR 5613688889 2021-12-10 1 RAFAEL LOHNER 999009999 KEVIN E REYNOLDS P00178156 5613671040 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z RAFAEL LOHNER 6911 PISTOL RANGE RD NO 131 TAMPA FL 33635 787082 0 X WWW.FLORIDA-INSTITUTE.COM X 2007 FL PROMOTING ECONOMIC DEVELOPMENT THROUGH THE COMMERCIALIZATION OF NEW DISCOVERIES. 3 3 1 30 0 0 1000 0 551446 787082 0 0 0 0 552446 787082 0 0 0 0 135189 89332 0 0 0 1569532 2815920 1704721 2905252 -1152275 -2118170 20563191 18448245 113480 116704 20449711 18331541 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 2810075 787082 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 OVER $80 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 8 FUNDING TRANSACTIONS. ECONOMIC IMPACT THIS YEAR WAS $761 MILLION. 2810075 1 0 0 0 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 0 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 LYNN MATTICE TREASURER 10.00 X 0 0 0 RAFAEL LOHNER EXECUTIVE DIRECTOR 40.00 X 65327 0 0 65327 0 0 0 0 0 0 0 PROGRAM RELATED INVEST 541990 510232 510232 SCAP LOAN INTEREST INC 522291 272850 272850 CLOSING FEES 522291 4000 4000 787082 787082 787082 0 0 82808 66247 16561 6524 5219 1305 23648 20270 3378 9434 8087 1347 51170 43862 7308 336812 288707 48105 6392 2191 4201 922 830 92 7000 6300 700 774 619 155 738 590 148 10187 10187 BAD DEBT 2253415 2253415 CARRIED INTEREST EXPENS 107076 107076 DUES & SUBSCRIPTION 6337 5070 1267 UTILITIES 1315 1052 263 700 540 160 2905252 2810075 95177 0 2502519 2805542 31100 0 18508 28947 12750 12750 0 0 18009384 15613176 1680 580 20563191 18448245 113480 116704 113480 116704 X 84396 219641 20365315 18111900 20449711 18331541 20563191 18448245 -2118170 0 X X 0 1 X 1 0 X 5631183 20237 14500 1000 0 5666920 5631183 20237 14500 1000 5666920 5666920 5666920 2379980 1.00000 1.00000 X 255447 255447 383171 3180 3180 63862 63862 95793 1966 1966 0 10784 10784 0 0 SEED FUNDING LOANS RECEIVABLE LESS ALLOWANCE 2188012 C SEED FUNDING LOANS INTEREST RECEIVABLE 1799159 C EQUITY INVESTMENTS 11626005 C 15613176 X 679964 0 679964 107118 107118 787082 2798134 0 2798134 107118 107118 2905252 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 107,076. BANK CHARGES 42. PART XII, LINE 4B - OTHER ADJUSTMENTS: CARRIED INTEREST EXPENSE 107,076. BANK CHARGES 42. 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 15A 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 572581 15241181 INSTITUTE FOR COMMERCIALIZATION OF FLORIDA TECHNOLOGY INC