2024-12-09T12:48:39-06:00 2024-06-30 341874260 CBIZ ADVISORS LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2023-07-01 592783821 FLORIDA EDUCATION FUND INC FLOR 8132722772 201 E KENNEDY BLVD 1525 TAMPA FL 33602 DR LAWRENCE MOREHOUSE PRESIDENT & CEO 8132722772 2024-12-05 1 1 LISA BURKE P00220718 8169455500 2023 2024-10-15 13:58:12Z DR LAWRENCE MOREHOUSE 201 E KENNEDY BLVD 1525 TAMPA FL 33602 12150052 0 X FEFONLINE.ORG X 1984 FL TO PROMOTE GREATER INSTITUTIONAL AND EDUCATIONAL ADVANCEMENT FOR HISTORICALLY UNDERREPRESENTED GROUPS 9 9 9 28 0 0 4641545 4297294 32298 46550 162565 906637 3267 2581 4839675 5253062 2603088 2598210 0 0 905128 1045156 0 0 15164 1010817 840656 4519033 4484022 320642 769040 26667726 30686094 1756508 1613458 24911218 29072636 X TO STRENGTHEN THE LARGER COMMUNITY BY DEVELOPING AND IMPLEMENTING PROGRAMS AND SERVICES THAT LEAD TO INSTITUTIONAL ENHANCEMENT AND GREATER EDUCATIONAL ADVANCEMENT FOR HISTORICALLY UNDERREPRESENTED GROUPS. 0 0 2948582 2348614 33390 MCKNIGHT DOCTORAL FELLOWSHIP PROGRAM:GRADUATION AND RETENTION RATESESTABLISHED IN 1984, THE FLORIDA EDUCATION FUND'S MCKNIGHT DOCTORAL FELLOWSHIP PROGRAM HAS INCREASED THE NUMBER OF AFRICAN AND HISPANIC AMERICANS WHO HAVE BEEN AWARDED THE PH.D. IN HISTORICALLY UNDERREPRESENTED, CRUCIAL DISCIPLINES AND FIELDS OF STUDY WHERE AFRICAN AND HISPANIC AMERICANS HAVE NOT HISTORICALLY ENROLLED AND COMPLETED DEGREE PROGRAMS. SOME 1,641 FELLOWSHIPS HAVE BEEN AWARDED TO AFRICAN AND HISPANIC AMERICANS PURSUING THE PH.D. DEGREE AND THE PROGRAM ENJOYS AN IMPRESSIVE NEAR 87% RETENTION RATE WHICH INCLUDED 371 MATRICULATING FELLOWS AND 1,061 GRADUATES. (CONTINUED ON SCHEDULE O)PRESENTLY 69 FELLOWS HAVE ADVANCED TO CANDIDACY. 22 FELLOWS GRADUATED IN 2024. 41 NEW MCKNIGHT FELLOWSHIPS AND 21 DISSERTATION FELLOWSHIPS WERE AWARDED FOR FALL 2024 TO STUDENTS PURSUING STUDIES AT ONE OF 9 PARTICIPATING INSTITUTIONS IN THE STATE OF FLORIDA. EACH FELLOWSHIP CONSISTS OF TUITION, FEES, AND STIPEND.PROFESSIONAL DEVELOPMENT ACTIVITYIN ADDITION, DURING THE 2023-24 ACADEMIC YEAR, WE OFFERED OUR FELLOWS OUR OWN PROFESSIONAL DEVELOPMENT WORKSHOPS AS WELL AS TRAVEL GRANTS FOR THEM TO ATTEND PROFESSIONAL CONFERENCES TO FACILITATE THEIR RESEARCH AND PUBLICATION EFFORTS. PRESENTING PAPERS AT PROFESSIONAL CONFERENCES NOT ONLY PROMOTES NETWORKING OPPORTUNITIES FOR JOB PLACEMENT, BUT ALSO ALLOWS THE FELLOWS TO RECEIVE PROFESSIONAL FEEDBACK ON THEIR RESEARCH PROJECTS. FREQUENTLY, PARTICIPATING IN THESE TYPES OF CONFERENCES MAY ALSO LEAD TO COLLABORATION OPPORTUNITIES ON IMPORTANT CUTTING-EDGE RESEARCH PROJECTS. WE EXPANDED OUR WRITING SUPPORT SERVICES TO INCLUDE NOT ONLY PROFESSIONAL DEVELOPMENT WRITING WORKSHOPS FOCUSING ON JOURNAL AND MANUSCRIPT PUBLICATIONS, BUT ALSO EDITORIAL ASSISTANCE ON GRANT PROPOSALS, CONFERENCE PAPERS, AND REPORTS. THESE SERVICES ALLOW SCHOLARS TO WORK WITH PROFESSIONAL EDITORS TO HELP IMPROVE WRITING MECHANICS AND CONTEXTUAL ORGANIZATION, AS WELL AS CONNECT STUDENTS TO CONTENT EXPERTS IN SPECIFIC DISCIPLINES.TO REMAIN CONTEMPORARY, WE EXPANDED OUR CONFERENCE PRESENTATIONS TO INCLUDE A SERIES OF SPECIAL TOPIC PANEL DISCUSSIONS ON BEST PRACTICES FOR COMPREHENSIVE EXAM PREPARATION AND DISSERTATION DEFENSES AS WELL AS PROVIDE PRESENTATIONS ON THE SIGNIFICANCE OF ARTIFICIAL INTELLIGENCE; DIVERSITY, EQUITY, AND ACCESS; AND THE IMPACT OF NEW TECHNOLOGIES ON BOOK AND JOURNAL PUBLICATION PROCESSES.FURTHERMORE, TO ENSURE OUR SCHOLARS TAKE FULL ADVANTAGE OF AMERICA'S GROWING JOB MARKETS AND TO PROVIDE ADEQUATE EXPOSURE TO COLLEGES AND UNIVERSITIES, GOVERNMENTAL AGENCIES, NOT-FOR-PROFIT THINK TANKS, AND PRIVATE SECTOR CORPORATE JOBS, WE EXPANDED OPPORTUNITIES FOR JOB MARKET EXHIBITORS AND RECRUITERS TO MEET OUR SCHOLARS DURING OUR ANNUAL GRADUATE SCHOOL CONFERENCES. 780619 189596 13160 CENTERS OF EXCELLENCE:ESTABLISHED IN 1985, THE CENTERS OF EXCELLENCE (COE'S OR CENTERS) ARE COMMUNITY-BASED INITIATIVES WHOSE MISSION IS TO IDENTIFY AND MOTIVATE HISTORICALLY DISADVANTAGED MINORITY ELEMENTARY AND SECONDARY STUDENTS AND ULTIMATELY INCREASE THE POOL OF THESE STUDENTS MOTIVATED AND QUALIFIED TO ENTER COLLEGE. THIS MISSION INCLUDES A) ASSUMING A MORE PROACTIVE STANCE IN THE EDUCATION OF YOUTH; B) EMPLOYING THE DEVELOPMENT OF A GROUP ACHIEVEMENT MODEL FOR DISADVANTAGED ELEMENTARY AND SECONDARY STUDENTS; AND C) INCREASING THE POOL OF STUDENTS WHO ARE PREPARED, MOTIVATED AND QUALIFIED TO ENTER HIGHER EDUCATION.(CONTINUED ON SCHEDULE O)TEN CENTERS THROUGHOUT FLORIDA HAVE INDUCTED APPROXIMATELY 24,000 HIGH ACHIEVING STUDENTS INTO THE NATIONAL ACHIEVERS SOCIETY. APPROXIMATELY 21,600 STUDENTS HAVE COMPETED IN THE ANNUAL BRAIN BOWL SCHOLARSHIP COMPETITIONS. APPROXIMATELY 12,200 HAVE PARTICIPATED IN SAT PREPARATION AND/OR COMPUTER PROGRAMMING COURSES, AFTER SCHOOL PROGRAMS AND SUMMER CAMPS. 76888 60000 0 MCKNIGHT JUNIOR FACULTY FELLOWSHIP PROGRAM:THE MCKNIGHT JUNIOR FACULTY FELLOWSHIP PROGRAM PROMOTES EXCELLENCE IN TEACHING AND RESEARCH BY UNDERREPRESENTED MINORITIES AND WOMEN. TO IMPROVE THEIR CHANCES OF EARNING TENURE AND PROMOTION, FELLOWS RECEIVE A ONE-YEAR SABBATICAL WITH FULL SALARY AND BENEFITS. DURING THE SABBATICAL, FELLOWS ARE REQUIRED TO ENGAGE IN RESEARCH AND TRAINING PROJECTS DIRECTLY RELATED TO THEIR EFFORTS TO SECURE TENURE AND PROMOTION. WHILE THE PARTICIPATING UNIVERSITY PAYS THE FELLOW'S SALARY, THE FEF PAYS THE UNIVERSITY $15,000 TO ASSIST WITH NECESSARY TEACHING REPLACEMENTS AND SUPPORT COSTS. SINCE 1984, THE FEF HAS AWARDED 261 JUNIOR FACULTY FELLOWSHIPS TO AFRICAN AMERICANS, WOMEN, AND OTHER HISTORICALLY UNDERREPRESENTED MINORITIES. (CONTINUED ON SCHEDULE O)THIS INCLUDES FIVE NEW JUNIOR FACULTY FELLOWSHIPS FOR THE 2024-2025 ACADEMIC YEAR. THE MCKNIGHT JUNIOR FACULTY FELLOWSHIP PROGRAM ADVANCES FACULTY DIVERSITY WITHIN FLORIDA COLLEGES AND UNIVERSITIES. OF THE 261 FELLOWS AWARDED SINCE 1984, 106 HAVE OBTAINED TENURE OR PROMOTION OR HAVE EARNED DOCTORAL DEGREES. 3806089 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 45 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 0 1 0 0 FL X NATOYA MARTIN 8132722772 201 E KENNEDY BLVD SUITE 1525 TAMPA FL 33602 DR ROBERT LNIXON BOARD CHAIR 0.32 X X 0 0 0 DR SYLVIA WILSON THOMAS SECRETARY/TREASURER 0.32 X X 0 0 0 DR SHANDALE TERRELL MEMBER 0.32 X 0 0 0 DR DOVIE GAMBLE MEMBER 0.32 X 0 0 0 DR CLAUDE VILLERS MEMBER 0.32 X 0 0 0 DR JAFFUS HARDRICK MEMBER 0.32 X 0 0 0 CAROLYN LAWSON MEMBER 0.32 X 0 0 0 PHILIPPE VILLAIN MEMBER 0.32 X 0 0 0 DR CASTELL V BRYANT MEMBER 0.32 X 0 0 0 DR LAWRENCE MOORESHOUSE PRESIDENT & CEO 40.00 X 253840 0 41568 LYRA LOGAN VP/GENERAL COUNSEL 40.00 X 216133 0 45082 NATOYA MARTIN ACCOUNTANT 40.00 X 71475 0 8844 541448 0 95494 2 0 1 0 0 48334 4002495 246465 4297294 ANNUAL MEETINGS 611710 33390 33390 CENTERS OF EXCELLENCE 611710 13160 13160 46550 598423 598423 7205204 6896990 308214 308214 308214 2581 2581 2581 5253062 46550 0 909218 176996 176996 2421214 2421214 681954 413790 260076 8088 236906 234526 2380 31746 31103 643 43391 43049 342 51159 38650 11934 575 30000 30000 39356 31091 7871 394 190033 190033 274853 153476 121377 347 347 97962 82540 14175 1247 46596 41069 4965 562 70975 66012 4963 3214 1762 1452 1934 1563 350 21 85272 68901 15459 912 114 114 4484022 3806089 662769 15164 1646313 1163137 126912 74345 13286 9419 81939 79569 1315 2370 24816881 29354457 63019 82366 26667726 30686094 787323 694496 947383 897160 21802 21802 1756508 1613458 X 24822620 28941976 88598 130660 24911218 29072636 26667726 30686094 X 769040 3387128 5250 X X 0 1 X 1 0 X 4013460 4456743 4586641 4641545 4297294 21995683 4013460 4456743 4586641 4641545 4297294 21995683 1339572 20656111 405286 367890 355435 483015 598423 2210049 24205732 150679 0.85340 0.84440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 4484022 4484022 374201 93550 0 0 351110 351733 375952 374201 1452996 2179494 87778 87933 93988 93550 363249 544874 60247 58420 1827 21692 21149 543 2370 LEASE LIABILITY 21802 21802 X 5063029 0 5063029 190033 190033 5253062 4288739 0 4288739 190033 5250 195283 4484022 PART X, LINE 2: FLORIDA EDUCATION FUND, INC. IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). FEF'S INCOME TAX FILINGS FOR THE YEAR ENDED JUNE 30, 2021 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION. PART XII, LINE 4B - OTHER ADJUSTMENTS: BRAIN BOWL SCHOLARSHIPS 5,250. 1 ATLANTIC COAST CENTER OF EXCELLENCE 560 NW 27TH AVE FT LAUDERDALE FL 33311 501(C)(3) 26000 0 N/A N/A TO MOTIVATE ELEMENTARY AND SECONDARY STUDENTS TO PREPARE FOR COLLEGE - SEE FORM 990, PART III, LINE 4B NORTH FLORIDA CENTER OF EXCELLENCE 372 W DUVAL ST LAKE CITY FL 320553990 501(C)(3) 24500 0 N/A N/A SAME AS ABOVE PALM BEACH COUNTY CENTER OF EXCELLENCE 1700 N AUSTRALIAN AVE WEST PALM BEACH FL 33407 501(C)(3) 15000 0 N/A N/A SAME AS ABOVE PASCO-HERNANDO CENTER OF EXCELLENCE 10230 RIDGE RD NEW PORT RICHEY FL 346545199 501(C)(3) 12500 0 N/A N/A SAME AS ABOVE SANTA FE COMMUNITY COLLEGE CENTER OF EXCELLENCE 3000 NW 84TH ST BLDG I ROOM 41 GAINESVILLE FL 32606 501(C)(3) 13751 0 N/A N/A SAME AS ABOVE SOUTH FLORIDA CENTER OF EXCELLENCE 11200 SW 8TH ST MARC 430 MIAMI FL 33199 501(C)(3) 26000 0 N/A N/A SAME AS ABOVE ST PETERSBURG COLLEGE CENTER OF EXCELLENCE 13805 58TH ST N LARGO FL 33760 501(C)(3) 13636 0 N/A N/A SAME AS ABOVE TALLAHASSEE AREA COALITION CENTER OF EXCELLENCE 2757 W PENSACOLA ST TALLAHASSEE FL 32304 501(C)(3) 23999 0 N/A N/A SAME AS ABOVE UNIVERSITY OF CENTRAL FLORIDA CENTER OF EXCELLENCE 601 W LIVINGSTON ST STE 105 ORLANDO FL 32801 501(C)(3) 21568 0 N/A N/A SAME AS ABOVE 9 0 MCKNIGHT JUNIOR FACULTY FELLOWSHIPS 4 60000 0 N/A N/A MCKNIGHT DOCTORAL FELLOWSHIPS 238 2330179 0 N/A N/A COE SCHOLARSHIPS 8 4900 0 N/A N/A BRAIN BOWL SCHOLARSHIPS 22 7700 0 N/A N/A DISSERTATION SUPPORT - ASSISTANCE - RESEARCH PROJECT EXPENSES 31 18435 0 N/A N/A PART I, LINE 2: CENTERS OF EXCELLENCE (COE): BUDGET TO ACTUALS SCHEDULES ARE MAINTAINED BY THE COE PROGRAM COORDINATOR AND THE FINANCE MANAGER. EACH QUARTER, INVOICES ARE PREPARED BY THE PROGRAM COORDINATOR. THE INVOICES ARE THEN REVIEWED AND APPROVED THE PROGRAM MANAGER AND THEN SENT TO THE PRESIDENT FOR FINAL APPROVAL. THE PRESIDENT THEN SENDS THESE INVOICES TO THE ACCOUNTING DEPARTMENT FOR PROCESSING. FELLOWSHIPS AND SCHOLARSHIPS: BUDGET TO ACTUAL SCHEDULES ARE MAINTAINED BY THE MDF PROGRAM MANAGER, MJFF PROGRAM MANAGER AND THE FINANCE MANAGER. WHEN INVOICES ARE RECEIVED FROM THE VARIOUS UNIVERSITIES, THESE INVOICES ARE CHECKED OFF AGAINST THE ORIGINAL FUNDING LETTERS THAT WERE SIGNED AND SENT TO THE UNIVERSITIES. THE INVOICES ARE THEN PROCESSED AND SIGNED BY EITHER THE MDF OR MJFF PROGRAM MANAGER. THE BUDGET TO ACTUAL SCHEDULE AND THE ORIGINAL FUNDING LETTER IS ATTACHED TO THE INVOICE AND GIVEN TO THE PRESIDENT FOR APPROVAL. ONCE APPROVED, THE PRESIDENT SENDS THE INVOICE TO THE ACCOUNTING DEPARTMENT FOR PROCESSING. THE ACCOUNTING DEPARTMENT UPDATE THEIR BUDGET TO ACTUAL SCHEDULE WITH THE INFORMATION AND THEN PREPARES CHECK FOR MAILING. X X 0 0 0 0 0 0 0 1 0 DR LAWRENCE MOORESHOUSE PRESIDENT & CEO 207803 0 31037 0 15000 0 24084 0 17484 0 295408 0 0 0 LYRA LOGAN VP/GENERAL COUNSEL 210133 0 6000 0 0 0 21613 0 23469 0 261215 0 0 0 PART I, LINE 7 THE CEO'S EMPLOYMENT AGREEMENT SETS FORTH THE GOALS AND OBJECTIVES TO BE ACCOMPLISHED DURING THE CONTRACT PERIOD. THE CEO IS PROVIDED AN ANNUAL BONUS AT THE DISCRETION OF THE EXECUTIVE COMMITTEE BASED ON THEIR EVALUATION OF HIS ACCOMPLISHMENTS AND SERVICE PROVIDED FOR THE YEAR UNDER EVALUATION. UNDER THE EMPLOYMENT CONTRACT, THERE IS POTENTIAL FOR ADDITIONAL BONUSES BASED ON THE AMOUNT OF FUNDS RAISED FROM THE PRIVATE SECTOR. AN EXECUTIVE COMPENSATION MEETING IS HELD IN DECEMBER EACH YEAR. THE CEO PROVIDES THE COMMITTEE WITH HIS SERVICE ACCOMPLISHMENTS FOR THE YEAR. COMMITTEE MEMBERS EVALUATE HIS PERFORMANCE TO DETERMINE THE BONUS AMOUNT AND TERMS OF EMPLOYMENT, INCLUDING UPDATED GOALS AND OBJECTIVES, FOR THE NEW CONTRACT PERIOD. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE, COMPRISED OF THE BOARD CHAIR, VICE CHAIR, SECRETARY-TREASURER, AND STANDING COMMITTEE CHAIRMEN, MANAGES THE AFFAIRS OF THE FUND BETWEEN BOARD MEETINGS. THE COMMITTEE IS RESPONSIBLE FOR THE OBSERVANCE OF POLICIES AND ADMINISTRATION OF PROGRAMS APPROVED BY THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE DOES NOT HAVE THE AUTHORITY TO ELECT OFFICERS OR ADOPT A BUDGET. FORM 990, PART VI, SECTION A, LINE 7A FLORIDA EDUCATION FUND WAS FORMED UNDER FLORIDA STATUTES. UNDER THE STATUTES, STATE GOVERNING BODIES HAVE THE POWER TO APPOINT CERTAIN MEMBERS OF THE BOARD. - TWO (2) MEMBERS MAY BE APPOINTED BY THE GOVERNOR; - TWO (2) MEMBERS MAY BE APPOINTED BY THE PRESIDENT OF THE SENATE; - TWO (2) MEMBERS MAY BE APPOINTED BY THE SPEAKER OF THE HOUSE OF REPRESENTATIVES; AND - TWO (2) REPRESENTATIVES OF STATE UNIVERSITIES, TWO (2) REPRESENTATIVES OF FLORIDA COLLEGE SYSTEM INSTITUTIONS, AND TWO (2) REPRESENTATIVES OF INDEPENDENT COLLEGES OR UNIVERSITIES APPOINTED BY THE STATE BOARD OF EDUCATION. THE BOARD OF DIRECTORS APPOINTS ADDITIONAL MEMBERS FROM THE PRIVATE SECTOR. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE FINANCE OFFICE AND PRESIDENT & CEO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS, AND EMPLOYEES ARE REQUIRED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST IMMEDIATELY UPON DISCOVERY. RECORDS ARE UPDATED AND MAINTAINED BY THE CEO ON A CONTINUAL BASIS. NO CONFLICTS WERE REPORTED DURING THE 2023-2024 FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE MEETS ON AN ANNUAL BASIS TO DETERMINE AND APPROVE THE COMPENSATION OF THE ORGANIZATION'S CEO BASED ON COLA AND PERFORMANCE. OTHER EMPLOYEE COMPENSATION IS DETERMINED BY THE CEO. THE ORGANIZATION PREPARES A SALARY COMPARISON TO ALLOW EVALUATION OF EACH POSITION WITH THE AVERAGE SALARY FOR SIMILAR JOBS IN THE SAME INDUSTRY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA A PUBLISHED ANNUAL REPORT. FORM 990, PART XI, LINE 9: WRITE OFF OF LAPSED BRAIN BOWL SCHOLARSHIPS 5,250. FORM 990, PART XII, LINE 2C: THE BOARD FINANCE AND INVESTMENT COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT. UPON COMPLETION, THE AUDIT REPORT IS PRESENTED TO THE FULL BOARD OF DIRECTORS FOR FINAL APPROVAL. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.