INSTITUTE FOR COMMERCIALIZATION OF FLORIDA TECHNOLOGY INC: Form 990, tax year 2011
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- Organization
- INSTITUTE FOR COMMERCIALIZATION OF FLORIDA TECHNOLOGY INC (EIN 90-0348486)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2012-11-15
- IRS object ID
- 201203209349304815
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-15T12:52:03-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 650406502 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DASZKAL BOLTON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2401 NW BOCA RATON BLVD | AddressLine1 |
| City | BOCA RATON | City |
| State | FL | State |
| ZIP Code | 334316639 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 900348486 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INSTITUTE FOR COMMERCIALIZATION | BusinessNameLine1 |
| Business Name Line2 | OF PUBLIC RESEARCH INC | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | INST | NameControl |
| Phone | 5613688889 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3651 FAU BLVD NO 400 | AddressLine1 |
| City | BOCA RATON | City |
| State | FL | State |
| ZIP Code | 33431 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JANE TEAGUE | Name |
| Title | CHIEF OPERATING OFFICER | Title |
| Phone | 5613688889 | Phone |
| Date Signed | 2012-11-15 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KEVIN E REYNOLDS | Name |
| PTIN | P00178156 | PTIN |
| Phone | 5613671040 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | X | AddressChange |
| Name Of Principal Officer Person | JANE TEAGUE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3651 FAU BLVD SUITE 400 | AddressLine1 |
| City | BOCA RATON | City |
| State | FL | State |
| ZIP Code | 33431 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 10032576 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.FLORIDA-INSTITUTE.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2007 | YearFormation |
| State Legal Domicile | FL | StateLegalDomicile |
| Activity Or Mission Description | PROMOTING ECONOMIC DEVELOPMENT THROUGH THE COMMERCIALIZATION OF NEW DISCOVERIES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 5 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 5 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3000000 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 10000000 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 23576 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 0 | InvestmentIncomePriorYear |
| Investment Income Current Year | 0 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 9000 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3000000 | TotalRevenuePriorYear |
| Total Revenue Current Year | 10032576 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2834657 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 87611 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 62111 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 204595 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 198388 | OtherExpensePriorYear |
| Other Expenses Current Year | 369570 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3095156 | TotalExpensesPriorYear |
| Total Expenses Current Year | 661776 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -95156 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 9370800 | RevenuesLessExpensesCY |
| Total Assets BOY | 1936956 | TotalAssetsBOY |
| Total Assets EOY | 10327583 | TotalAssetsEOY |
| Total Liabilities BOY | 1443641 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 463468 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 493315 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 9864115 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE INSTITUTE'S MISSION IS ECONOMIC DEVELOPMENT THROUGH THE COMMERCIALIZATION OF NEW DISCOVERIES GENERATED FROM PUBLICLY FUNDED RESEARCH. SUCCESS IS MEASURED BY THE NUMBER OF COMPANIES AND JOBS THAT ARE CREATED, AND THE AMOUNT OF CAPITAL INVESTED INTO NEW VENTURES. | MissionDescription |
| Significant New Program Services | 1 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 29477 | Expense |
| Grants | 87611 | Grants |
| Revenue | 0 | Revenue |
| Description | CONSISTENT WITH THE STATE'S TARGETED INDUSTRY CLUSTER STRATEGY, THE INSTITUTE MATCHES COMMERCIALLY VIABLE TECHNOLOGIES WITH EXPERIENCED MANAGEMENT (ENTREPRENEURS IN RESIDENCE OR "EIRS") AND CAPITAL TO CREATE NEW STARTUP COMPANIES BASED ON PUBLICLY FUNDED RESEARCH. THIS YEAR, THE INSTITUTE CONTINUED TO ADMINISTER THE FLORIDA RESEARCH COMMERCIALIZATION MATCHING GRANT PROGRAM WHICH WAS LAUNCHED IN 2010 WITH A $3,000,000 STATE APPROPRIATION. THE PROGRAM PROVIDED MATCHING FUNDS TO COMPANIES WHO HAD WON OR WERE SEEKING FEDERAL SBIR OR STTR GRANTS. THIS YEAR THE INSTITUTE GRANTED $87,611 IN FUNDING TO PREVIOUSLY AWARDED COMPANIES, WHILE CONTINUING ITS CORE PROGRAM. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 560058 | Expense |
| Revenue | 32576 | Revenue |
| Description | THROUGH A NEW $10,000,000 ALLOCATION, THIS YEAR THE INSTITUTE LAUNCHED ITS SEED CAPITAL ACCELERATOR PROGRAM WHICH PROVIDES LOANS RANGING BETWEEN $50,000 AND $300,000 TO EARLY STAGE STARTUP COMPANIES BASED ON PUBLICLY FUNDED RESEARCH THAT IT SUPPORTS. COMPANIES MUST MATCH INSTITUTE FUNDING WITH PRIVATE ANGEL INVESTMENT. THE INSTITUTE FUNDED FIVE COMPANIES FOR A TOTAL OF $1,280,000 AND APPROVED NINE OTHERS FOR FUNDING. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 589535 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 5 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 5 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 5 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | FL | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JANE TEAGUE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5613688889 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3651 FAU BLVD SUITE 400 | AddressLine1 |
| City | BOCA RATON | City |
| State | FL | State |
| ZIP Code | 33431 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (7 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| RHYS WILLIAMS | ||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 |
| DAVID DAY | ||||||
| VICE CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 |
| BEAU FERRARI | ||||||
| CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 |
| HAL VALECHE | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JOHN FRASER | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JANE TEAGUE | ||||||
| CHIEF OPERATING OFFICER | 40.00 | X | 44423 | 0 | 0 | |
| JAMIE GROOMS | ||||||
| CHIEF EXECUTIVE OFFICER | 40.00 | X | 62820 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 107243 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Government Grants | 10000000 | GovernmentGrants |
| Total Contributions | 10000000 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| SCAP LOAN INTEREST INC | 522291 | 21230 | 21230 |
| SCAP LOAN CLOSING FEES | 522291 | 2346 | 2346 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 23576 | TotalProgramServiceRevenue |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS INCOME | Description |
| Business Code | 561000 | BusinessCode |
| Total Revenue Column | 9000 | TotalRevenueColumn |
| Related Or Exempt Function Income | 9000 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 9000 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 10032576 | TotalRevenueColumn |
| Related Or Exempt Function Income | 32576 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 87611 | Total |
| Program Services | 87611 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 107244 | Total |
| Program Services | 95555 | ProgramServices |
| Management And General | 11689 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 64629 | Total |
| Program Services | 52451 | ProgramServices |
| Management And General | 12178 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22803 | Total |
| Program Services | 19382 | ProgramServices |
| Management And General | 3421 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9919 | Total |
| Program Services | 6802 | ProgramServices |
| Management And General | 3117 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 126000 | Total |
| Program Services | 114900 | ProgramServices |
| Management And General | 11100 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 83671 | Total |
| Program Services | 75304 | ProgramServices |
| Management And General | 8367 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23850 | Total |
| Program Services | 19080 | ProgramServices |
| Management And General | 4770 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40000 | Total |
| Program Services | 40000 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11164 | Total |
| Program Services | 7530 | ProgramServices |
| Management And General | 3634 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6792 | Total |
| Program Services | 6113 | ProgramServices |
| Management And General | 679 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6171 | Total |
| Program Services | 5554 | ProgramServices |
| Management And General | 617 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22785 | Total |
| Program Services | 20057 | ProgramServices |
| Management And General | 2728 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15340 | Total |
| Program Services | 12272 | ProgramServices |
| Management And General | 3068 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2172 | Total |
| Program Services | 1738 | ProgramServices |
| Management And General | 434 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3191 | Total |
| Program Services | 2871 | ProgramServices |
| Management And General | 320 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2797 | Total |
| Program Services | 210 | ProgramServices |
| Management And General | 2587 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| RECRUITING FEES | 17540 | 15628 | 1912 |
| MEALS & ENTERTAINMENT | 4807 | 3846 | 961 |
| PRINTING & POSTAGE | 2646 | 2116 | 530 |
| DUES & SUBSCRIPTION | 644 | 515 | 129 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 661776 | Total |
| Program Services | 589535 | ProgramServices |
| Management And General | 72241 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 907568 | BOY |
| EOY | 6312024 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1021285 | BOY |
| EOY | 2695785 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1520 | BOY |
| EOY | 4337 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 21542 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 8835 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6583 | BOY |
| EOY | 12707 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 1301230 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 1500 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1936956 | BOY |
| EOY | 10327583 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 895 | BOY |
| EOY | 52050 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1440924 | BOY |
| EOY | 366242 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 29654 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1822 | BOY |
| EOY | 15522 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1443641 | BOY |
| EOY | 463468 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 493315 | BOY |
| EOY | 9864115 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 493315 | BOY |
| EOY | 9864115 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1936956 | BOY |
| EOY | 10327583 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 9370800 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 900000 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 605000 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3000000 | CurrentTaxYearMinus1Year |
| Current Tax Year | 10000000 | CurrentTaxYear |
| Total | 14505000 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 900000 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 605000 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3000000 | CurrentTaxYearMinus1Year |
| Current Tax Year | 10000000 | CurrentTaxYear |
| Total | 14505000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 14505000 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 23576 | CurrentTaxYear |
| Total | 23576 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 9000 | CurrentTaxYear |
| Total | 9000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 14537576 | TotalSupport |
| First5 Years170 | X | First5Years170 |
| General Explanation | SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: MISCELLANEOUS INCOME IS FEES FROM THE GAINSEVILLE CHAMBER OF COMMERCE. | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
Total Direct Lobbying TotalDirectLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 40000 | FilingOrganizationsTotals |
Total Lobbying Expenditures TotalLobbyingExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 40000 | FilingOrganizationsTotals |
Other Exempt Purpose Expenditures OtherExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 621776 | FilingOrganizationsTotals |
Total Exempt Purpose Expenditures TotalExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 661776 | FilingOrganizationsTotals |
Lobbying Nontaxable LobbyingNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 124266 | FilingOrganizationsTotals |
Grassroots Nontaxable GrassrootsNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 31067 | FilingOrganizationsTotals |
Tot Lobbying Grassroot Minus Non Tx TotLobbyingGrassrootMinusNonTx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Tot Lobby Expend Mns Lobbying Nontx TotLobbyExpendMnsLobbyingNontx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Lobbying Nontaxable Amount2 LobbyingNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus1 | 304758 | CurrentYearMinus1 |
| Current Year | 124266 | CurrentYear |
| Total | 429024 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $643,536 | LobbyingCeilingAmount |
Total Lobbying Expenditures2 TotalLobbyingExpenditures2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus1 | 25000 | CurrentYearMinus1 |
| Current Year | 40000 | CurrentYear |
| Total | 65000 | Total |
Grassroots Nontaxable Amount2 GrassrootsNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus1 | 76190 | CurrentYearMinus1 |
| Current Year | 31067 | CurrentYear |
| Total | 107257 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $160,886 | GrassrootsCeilingAmount |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 21542 | InvestmentCostOrOtherBasis |
| Depreciation | 8835 | Depreciation |
| Book Value | 12707 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 12707 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| SEED FUNDING LOANS RECEIVABLE | 1280000 | C |
| SEED FUNDING LOANS INTEREST RECEIVABLE | 21230 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 1301230 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DUE TO ENTERPRISE DEVELOPMENT CORPORATION OF S FL | $14,984 |
| INTEREST PAYABLE | $538 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 15522 | TotalOfAmounts |
| Total Revenue | 10032576 | TotalRevenue |
| Total Expenses | 661776 | TotalExpenses |
| Excess Or Deficit For Year | 9370800 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 9370800 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 10000000 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 10000000 | RevenueSubtotal |
| Other Revenues Not Included | 32576 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 32576 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 10032576 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 661776 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 661776 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 661776 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE INSTITUTE ADOPTED THE PROVISIONS OF FASB ASC 740: INCOME TAXES. THE INSTITUTE RECORDS A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS PROBABLE THAT A LOSS HAS BEEN INCURRED AND THE AMOUNT CAN BE REASONABLY ESTIMATED. AS OF JUNE 30, 2012, THE INSTITUTE HAS NO LIABILITIES FOR UNCERTAIN TAX POSITIONS. THE INSTITUTE CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. |
| PART XII, LINE 4B, OTHER INCOME INCLUDES SEED FUNDING LOAN INTEREST INCOME, FEE INCOME, AND OTHER MISCELLANEOUS INCOME. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (13 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|
| CAPTOZYME | ||||||
| 5745 SW 75TH STREET 298 | GAINESVILLE | FL | 32608 | 270329516 | 25000 | CAPTOZYME IS A BIOTECHNOLOGY COMPANY DEDICATED TO DEVELOPING NUTRACEUTICAL DRUGS FOR THE TREATMENT AND/OR PREVENTION OF OXALATE-RELATED CONDITIONS IN BOTH HUMANS AND DOMESTIC ANIMALS, AS WELL AS PROVIDING OXALATE DEGRADING ENZYMES TO THE PULP, BEER AND FOOD INDUSTRY TO PREVENT THE BUILDUP OF CALCIUM OXALATE DURING PROCESSING. |
| WIOPTIX INC | ||||||
| 1124 SW 90TH TERRACE | GAINESVILLE | FL | 32607 | 263793804 | 37500 | WIOPTIX INC OFFERS A PORTFOLIO OF INNOVATIVE MICROELECTROMECHANICAL SYSTEM (MEMS) TECHNOLOGY AND PROPRIETARY MINIATURE OPTICAL IMAGING PROBE DESIGNS THAT CAN BE WIDELY USED IN VARIOUS ENDOSCOPIC IMAGING APPLICATIONS FOR EARLY CANCER DIAGNOSIS, IMAGING-GUIDED TUMOR/CANCER SURGERY, AND CANCER THERAPEUTIC TREATMENT MONITORING. |
| ACCELOGIC LLC | ||||||
| 1633 BONAVENTURE BLVD | WESTON | FL | 33326 | 202678006 | 61250 | ACCELOGIC SPECIALIZES IN THE EXTREME ACCELERATION OF SCIENTIFIC SOFTWARE THROUGH COMPUTATIONAL METHODS OPTIMIZED FOR MASSIVELY-PARALLEL SUPERCOMPUTERS AND FIELD-PROGRAMMABLE GATE ARRAYS (FPGAS). |
| ARCHIEMD INC | ||||||
| 3600 FAU BLVD STE 201 | BOCA RATON | FL | 33431 | 510426884 | 61222 | ARCHIEMD, INC. DEVELOPS EDUCATION SOFTWARE FOR THE GENERAL PUBLIC AND MEDICAL PROFESSIONALS INCLUDING A COMPREHENSIVE BODY OF 3D LIFE SCIENCE MODELS AND VISUALIZATIONS. |
| ATGI | ||||||
| 309 SE OSCEOLA ST STE 206 | STUART | FL | 34994 | 650618851 | 122500 | ATGI IS AN INDEPENDENT, PRIVATELY HELD ENGINEERING RESEARCH AND DEVELOPMENT FIRM AND WAS FORMED TO MEET THE NEEDS OF GOVERNMENT AND PRIVATE-SECTOR CLIENTS WITH TECHNOLOGICAL CHALLENGES THAT DEFY CONVENTIONAL SOLUTIONS. |
| CONVERGENT ENGINEERING | ||||||
| 107 SW 140 TERRACE SUITE 1 | NEWBERRY | FL | 32669 | 271793292 | 60693 | CONVERGENT ENGINEERING FOCUSES ON THE APPLICATION OF ADVANCED TECHNOLOGY, SIGNAL PROCESSING, AND ARTIFICIAL INTELLIGENCE TO BIOMEDICAL APPLICATIONS. |
| ECLIPSE ENERGY SYSTEMS INC | ||||||
| 2345 ANVIL STREET NORTH | ST PETERSBURG | FL | 33710 | 593269075 | 122500 | ECLIPSE ENERGY SYSTEMS, INC. PROVIDES CUSTOMERS WITH UNIQUE SOLUTIONS TO A BROAD RANGE OF TECHNICAL CHALLENGES. KNOWLEDGE AREAS INCLUDE: MATERIAL SCIENCE, CHEMISTRY AND ENGINEERING. |
| KEYSTONE SYNERGISTIC ENTERPRISES INC | ||||||
| 644 NW ENTERPRISE DR UNIT 118 | PORT SAINT LUCIE | FL | 34986 | 651136876 | 60282 | KEYSTONE SYNERGISTIC ENTERPRISES, INC. IS A HIGH-TECHNOLOGY CORPORATION SPECIALIZING IN THE DEVELOPMENT AND DEPLOYMENT OF ADVANCED METALS AND MATERIALS PROCESSING TECHNOLOGIES FOR THE AEROSPACE, MARINE, AND OIL AND GAS INDUSTRY SECTORS. |
| OPTIGRATE CORPORATION | ||||||
| 3267 PROGRESS DRIVE | ORLANDO | FL | 32826 | 522197299 | 122500 | OPTIGRATE CORPORATION DESIGNS AND MANUFACTURES A FULL RANGE OF VOLUME BRAGG GRATINGS (VBGS) IN INORGANIC PHOTOSENSITIVE GLASS AND SEVERAL TYPES OF HIGH POWER LASER SYSTEMS. |
| RINI TECHNOLOGIES INC | ||||||
| 582 SOUTH ECON CIRCLE | OVIEDO | FL | 32765 | 593465749 | 183750 | RINI TECHNOLOGIES, INC. PROVIDES INNOVATIVE SOLUTIONS TO THE TOUGHEST THERMAL MANAGEMENT CHALLENGES. RINIS CORE TECHNOLOGY AREAS INCLUDE; MINIATURE REFRIGERATION, EVAPORATIVE SPRAY COOLING AND THERMAL ENERGY STORAGE FOR MILITARY AND OTHER APPLICATIONS. |
| SELF-DETERMINED HEALTH INC | ||||||
| 814 DEER WOODS ROAD | CELEBRATION | FL | 34747 | 261521063 | 94986 | SELF-DETERMINED HEALTH, INC. PROVIDES PRODUCTS AND SERVICES THAT IMPROVE PATIENT HEALTH, AND LOWER HEALTH CARE COSTS. THE FOCUS OF THIS PROGRAM IS DEVELOPMENT OF DISEASE SELF-MANAGEMENT TOOLS SUCH AS THE INTERACTIVE CHOLESTEROL ADVISORY TOOL (ICAT). |
| SINMAT INC | ||||||
| 1912 NW 67TH PLACE | GAINESVILLE | FL | 32653 | 593645729 | 61250 | SINMAT, INC. DEVELOPS ADVANCED PLANARIZATION ENABLED TECHNOLOGIES, MANUFACTURING PROCESSES, ENGINEERED SUBSTRATES, AND SEMICONDUCTOR DEVICES WHICH ENABLE HIGHER PERFORMANCE AND LOWER COST MANUFACTURING OF SEMICONDUCTOR DEVICES. |
| STRUCTURAL COMPOSITES INC | ||||||
| 7705 TECHNOLOGY DRIVE | MELBOURNE | FL | 32904 | 592871692 | 61250 | STRUCTURAL COMPOSITES PROVIDES PRODUCTS AND SERVICES TO THE GOVERNMENT AND PRIVATE INDUSTRY INCLUDING R&D, LABORATORY TESTING, MANUFACTURING TECHNOLOGY DEVELOPMENT, PRODUCT DEVELOPMENT, ENGINEERING SERVICES, TRAINING AND CONSULTING. |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: WHEN THE APPLICANTS APPLIED FOR FUNDING THROUGH COMMERCIALIZATION MATCHING GRANT PROGRAM, THEY INCLUDED BUDGETS THAT ALIGNED WITH THEIR PROPOSED SCOPES OF WORK. THE INSTITUTE THEN ENTERED INTO CONTRACTS WITH EACH OF THE THIRTEEN GRANTEES, AND PER THE CONTRACTS THE GRANTEES ARE REQUIRED TO REPORT TO THE INSTITUTE, ACCORDING TO SPECIFIC SCHEDULES, ON FUNDS EXPENDED AND MILESTONES MET. IF THE INSTITUTE HAS QUESTIONS ABOUT THE INFORMATION CONTAINED IN THE REPORTS, IT CONTACTS THE GRANTEE FOR CLARIFICATION, AND FUNDS ARE NOT PAID TO THE GRANTEE UNLESS THE INSTITUTE IS SATISFIED THAT THE DELIVERABLES HAVE BEEN MET AND THE SPENDING IS IN ACCORDANCE WITH THE PLAN. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| NEW PROGRAM SERVICES | FORM 990, PART III, LINE 2 | A SEED CAPITAL ACCELERATOR PROGRAM WAS INSTITUTED THIS YEAR. SEE LINE 4B FOR COMPLETE DESCRIPTION. |
| FORM 990, PART VI, SECTION A, LINE 7A | A BOARD OF DIRECTOR MEMBER ORGANIZATION HAS THE POWER TO APPOINT A MEMBER OF THE GOVERNING BODY. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE TREASURER REVIEWS THE FORM 990 BEFORE IT IS FILED. | |
| FORM 990, PART VI, SECTION B, LINE 12C | MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST THAT MIGHT EXIST WITH THE COMPANIES THAT THE ORGANIZATION ASSISTS. | |
| 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. |