INSTITUTE FOR COMMERCIALIZATION OF FLORIDA TECHNOLOGY INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- INSTITUTE FOR COMMERCIALIZATION OF FLORIDA TECHNOLOGY INC (EIN 90-0348486)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2011-11-15
- IRS object ID
- 201143199349305299
- Schema version
- 2010v3.4
- 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 | 2011-11-15T13:39:55-06:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
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 | 2010-07-01 | 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 | 5616208494 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3701 FAU BLVD NO 210 | 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 | INTERIM EXECUTIVE DIRECTOR | Title |
| Phone | 5616208494 | Phone |
| Date Signed | 2011-11-15 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KEVIN E REYNOLDS | Name |
| Phone | 5613671040 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JANE TEAGUE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3701 FAU BLVD SUITE 210 | AddressLine1 |
| City | BOCA RATON | City |
| State | FL | State |
| ZIP Code | 33431 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 3000000 | 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 | 4 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 4 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 605000 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3000000 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 0 | InvestmentIncomePriorYear |
| Investment Income Current Year | 0 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 605000 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3000000 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2834657 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 193471 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 62111 | 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 | 286291 | OtherExpensePriorYear |
| Other Expenses Current Year | 198388 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 479762 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3095156 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 125238 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -95156 | RevenuesLessExpensesCY |
| Total Assets BOY | 592112 | TotalAssetsBOY |
| Total Assets EOY | 1936956 | TotalAssetsEOY |
| Total Liabilities BOY | 3641 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1443641 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 588471 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 493315 | 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 | 2959713 | Expense |
| Grants | 2834657 | Grants |
| 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 WAS ENTRUSTED WITH A $3,000,000 ALLOCATION TO ADMINISTER THE FLORIDA RESEARCH COMMERCIALIZATION MATCHING GRANT PROGRAM WHICH PROVIDED MATCHING FUNDS TO COMPANIES WHO HAD WON FEDERAL SBIR OR STTR GRANTS. THE INSTITUTE GRANTED $2,834,657 IN FUNDING TO 13 COMPANIES, WHILE CONTINUING ITS CORE PROGRAM. | Description |
| Total Program Service Expense | 2959713 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| 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 | 0 | 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 | 3 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 1 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| 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 |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 4 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 4 | 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 | 0 | 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 | 5616208494 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3701 FAU BLVD STE 210 | AddressLine1 |
| City | BOCA RATON | City |
| State | FL | State |
| ZIP Code | 33431 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (6 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | FormerFormer |
|---|---|---|---|---|---|---|---|
| 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 | |
| JOHN FRASER | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JANE TEAGUE | |||||||
| INTERIM EXECUTIVE DIRECTOR | 20.00 | X | 0 | 0 | 0 | ||
| GARY KELLER | |||||||
| EXECUTIVE DIRECTOR | 40.00 | 0 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | 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 | 3000000 | GovernmentGrants |
| Total Contributions | 3000000 | TotalContributions |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3000000 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2834657 | Total |
| Program Services | 2834657 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57432 | Total |
| Program Services | 57432 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4679 | Total |
| Program Services | 4679 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1495 | Total |
| Management And General | 1495 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8000 | Total |
| Management And General | 8000 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43714 | Total |
| Program Services | 43714 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 830 | Total |
| Program Services | 830 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9778 | Total |
| Management And General | 9778 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6486 | Total |
| Program Services | 6486 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2560 | Total |
| Management And General | 2560 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11173 | Total |
| Program Services | 9829 | ProgramServices |
| Management And General | 1344 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | Program ServicesProgramServices |
|---|---|---|---|
| MANAGEMENT FEES | 111000 | 111000 | |
| MEALS & ENTERTAINMENT | 1815 | 1815 | |
| PRINTING & POSTAGE | 1035 | 764 | 271 |
| OFFICE SUPPLIES | 414 | 414 | |
| MISCELLANEOUS | 88 | 88 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3095156 | Total |
| Program Services | 2959713 | ProgramServices |
| Management And General | 135443 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79181 | BOY |
| EOY | 907568 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 502284 | BOY |
| EOY | 1021285 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1504 | BOY |
| EOY | 1520 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 12227 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 5644 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9143 | BOY |
| EOY | 6583 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 592112 | BOY |
| EOY | 1936956 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 726 | BOY |
| EOY | 895 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1440924 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2915 | BOY |
| EOY | 1822 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3641 | BOY |
| EOY | 1443641 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 588471 | BOY |
| EOY | 493315 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 588471 | BOY |
| EOY | 493315 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 592112 | BOY |
| EOY | 1936956 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -95156 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| 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 Minus2 Years | 900000 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 605000 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3000000 | CurrentTaxYear |
| Total | 4505000 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 900000 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 605000 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3000000 | CurrentTaxYear |
| Total | 4505000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 4505000 | PublicSupportTotal170 |
| Total Support | 4505000 | TotalSupport |
| First5 Years170 | X | First5Years170 |
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 | 25000 | FilingOrganizationsTotals |
Total Lobbying Expenditures TotalLobbyingExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 25000 | FilingOrganizationsTotals |
Other Exempt Purpose Expenditures OtherExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 3070156 | FilingOrganizationsTotals |
Total Exempt Purpose Expenditures TotalExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 3095156 | FilingOrganizationsTotals |
Lobbying Nontaxable LobbyingNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 304758 | FilingOrganizationsTotals |
Grassroots Nontaxable GrassrootsNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 76190 | 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 | 304758 | CurrentYear |
| Total | 304758 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $457,137 | LobbyingCeilingAmount |
Total Lobbying Expenditures2 TotalLobbyingExpenditures2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 25000 | CurrentYear |
| Total | 25000 | Total |
Grassroots Nontaxable Amount2 GrassrootsNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 76190 | CurrentYear |
| Total | 76190 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $114,285 | GrassrootsCeilingAmount |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 12227 | InvestmentCostOrOtherBasis |
| Depreciation | 5644 | Depreciation |
| Book Value | 6583 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 6583 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DUE TO ENTERPRISE DEVELOPMENT CORPORATION OF S FL | $1,761 |
| INTEREST PAYABLE | $61 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1822 | TotalOfAmounts |
| Total Revenue | 3000000 | TotalRevenue |
| Total Expenses | 3095156 | TotalExpenses |
| Excess Or Deficit For Year | -95156 | ExcessOrDeficitForYear |
| Total Adjustments | 0 | TotalAdjustments |
| Excess Or Deficit Per FS | -95156 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 3000000 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 3000000 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 3000000 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3095156 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 3095156 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 3095156 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | 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, 2011, 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. | Explanation |
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 | Address Line2AddressUS/AddressLine2 |
|---|---|---|---|---|---|---|---|
| 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 | 12500 | 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 | |||||||
| 1830 MAIN STREET STE 204 | WESTON | FL | 33326 | 202678006 | 122500 | 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 | 122444 | 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 | |||||||
| 4817 SW 34TH STREET STE 4 | GAINESVILLE | FL | 32608 | 271793292 | 121387 | 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 | |||||||
| 698 SW PORT SAINT LUCIE BLVD STE | PORT SAINT LUCIE | FL | 34953 | 651136876 | 120564 | 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. | 105 |
| 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 | 61250 | 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 | 95280 | 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 | |||||||
| 2153 SW HAWTHORNE RD STE 124 BOX 2 | GAINESVILLE | FL | 32641 | 593645729 | 122500 | 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 | 122500 | 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 (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| NEW PROGRAM SERVICES | FORM 990, PART III, LINE 2 | THIS YEAR, THE INSTITUTE ADMINISTERED THE FLORIDA RESEARCH COMMERCIALIZATION MATCHING GRANT PROGRAM WHICH PROVIDED MATCHING FUNDS TO COMPANIES WHO HAD WON FEDERAL SBIR OR STTR GRANTS. THE INSTITUTE GRANTED FUNDING TO 13 COMPANIES. |
| 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. | |
| AUDIT COMMITTEE AND OVERSIGHT | FORM 990, PART XI LINE 2C | THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSEEING THE AUDIT PROCESS AND THE PRESENTATION OF THE AUDIT REPORT. |
| FORM 990, SCHEDULE I, PART II, LINE 1(D) | $1,293,424 IN GRANTS TO ORGANIZATIONS HAS BEEN REPORTED ON SCHEDULE I. ACCORDING TO PAGE 10, PART IX LINE 1 $2,834,657 WAS CONSIDERED GRANTS AND ASSISTANCE PAID TO OTHER ORGANIZATION, THE DIFFERENCE HAS BEEN ALLOCATED TO BE PAID IN FUTURE YEARS AND WILL BE REPORTED ON THE SCHEDULE I IN THE YEAR IN WHICH THE CASH DISTRIBUTION IS MADE. |