2026-04-30T15:58:13-04:00 2025-06-30 811343524 1SOURCE PARTNERS 701 S HOWARD AVE STE 203 TAMPA FL 33606 990 2024-07-01 900348486 INSTITUTE FOR COMMERCIALIZATION OF FLORIDA TECHNOLOGY INC INST 7277587687 912 DREW ST SUITE 102 1052 CLEARWATER FL 33755 RAFAEL LOHNER EXECUTIVE DIRECTOR 5613688889 2026-04-28 true PAUL DEGANCE P00443908 8132547222 2026-04-28 2024 2025-03-06 01:10:19Z JIM O'CONNELL 912 DREW STREET SUITE 102 CLEARWATER FL 33755 1754377 false X WWW.FLORIDA-INSTITUTE.COM X 2007 FL PROMOTING ECONOMIC DEVELOPMENT THROUGH THE COMMERCIALIZATION OF NEW DISCOVERIES. 2 2 1 35 0 2505 0 249272 1693058 -284822 61319 2000 0 -31045 1754377 0 0 97116 104338 0 0 1450166 1493627 1547282 1597965 -1578327 156412 12702532 12899432 89882 130370 12612650 12769062 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. false false 1142541 1693058 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. THE INSTITUTE'S FUNDS CONTINUE TO BE MANAGED BY THE SAME PRIVATE FUND MANAGER AS LAST FISCAL YEAR. INSTITUTE COMPANIES GENERATED OVER 150 MILLION IN REVENUE. 1142541 true false false false false false false false false false true false true true false true true true false false false false false false false false false false false false false false false false false false false false false false false false true false false false false true 1 0 true 1 true false true SW false false false false false false false false false false false false X 2 2 false false false false false true false true true false false false true true true true true true true false FL X X RAFAEL LOHNER 7277587687 912 DREW ST SUITE 102 1052 CLEARWATER FL 33755 RAFAEL LOHNER EXECUTIVE DI 40.00 X 92423 0 0 JIM O'CONNELL INTERIM CHAI 1.00 X X 0 0 0 SHERRICK RICK WASSEL VICE CHAIRMA 1.00 X X 0 0 0 LYNN MATTICE TREASURER 10.00 X 0 0 0 92423 false false false PROGRAM RELATED INVEST 522291 1571265 1571265 SCAP LOAN INTEREST INC 541990 121793 121793 1693058 61319 61319 61319 61319 1754377 1754377 92423 73938 18485 4500 3600 900 7415 5932 1483 15245 15245 1550 1550 58575 58575 335000 335000 4109 3287 822 1012 439 573 3319 2987 332 1015 812 203 450 360 90 413903 413903 21363 21363 BAD DEBT 634072 634072 DUES & SUBSCRIPTIONS 4014 3211 803 1597965 1142541 455424 0 870528 1947507 26453 26746 12750 12750 11805551 10027799 897380 12702532 12899432 89882 130370 89882 130370 X 12612650 12769062 12612650 12769062 12702532 12899432 156412 X false true X true false X 500 2505 3005 500 2505 3005 3005 10602 2000 12602 15607 4435271 0.19250 0.24120 X PART II, LINE 10 INCOME ON BAD DEBT 10,602 UNOBLIGATED SEED FUNDS 2,000 1966 1966 10784 10784 EQUITY INVESTMENTS 9210067 C RECEIVABLE LESS ALLOWANCE 517732 C INTEREST RECEIVABLE 300000 C 10027799 ACCRUED INTEREST RECEIVABLE 897360 DEPOSITS 20 897380 X 1754377 1754377 1754377 1597965 1597965 1597965 SCHEDULE D, PAGE 3, PART X THE INSTITUTE IS A NONPROFIT 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 INSTITUTE'S 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. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2025, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION'S TAX YEARS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE GENERALLY REMAIN OPEN FOR THREE YEARS FROM THE DATE OF FILING. FORM 990 - ORGANIZATION'S MISSION 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. FORM 990, PART V, LINE 4B SWEDEN FORM 990, PAGE 6, PART VI, LINE 7A THE GOVERNING BODY NOW APPOINTS NEW MEMBERS AS VACANCIES ARISE. FORM 990, PAGE 6, PART VI, LINE 11B THE SECRETARY REVIEWS THE FORM 990 BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 15B THE OTHER OFFICERS- AND KEY EMPLOYEES' COMPENSATION IS REVIEWED ANNUALLY AND ESTABLISHED BY THE INSTITUTE'S BOARD OF DIRECTORS OR THE INSTITUTE'S EXECUTIVE COMMITTEE USING COMPARABILITY DATA. FORM 990, PAGE 6, PART VI, 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. FLORIDA TECHNOLOGY SEED CAPITAL FUND LLC 912 DREW STREET SUITE 102 1052 CLEARWATER FL 33755 463686978 INVESTING FL -97331 10027799 INSTITUTE FOR COMMERCIALIZATION OF FLORIDA TE SCHEDULE R PART I, IDENTIFICATION OF DISREGARDED ENTITIES: NAME OF DISREGARDED ENTITY: FLORIDA TECHNOLOGY SEED CAPITAL FUND, LLC DIRECT CONTROLLING ENTITY: INSTITUTE FOR COMMERCIALIZATION OF FLORIDA TECHNOLOGY, INC.