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Nonprofit · EIN 41-2262408

FLORIDA OPPORTUNITY FUND INC

Tax-exempt · ORLANDO, FL 32803

Financials

$33.3M$2.9M2022$1.7M$3.1M2023$53.2M$3.6M2024
Revenue Expenses · by fiscal year end
Financials of FLORIDA OPPORTUNITY FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$53,188,814$3,616,939$49,571,875$188,521,939$191,689$188,330,250
June 30, 2024990$1,692,296$3,096,158-$1,403,862$132,707,426$668,306$132,039,120
June 30, 2023990$33,349,392$2,869,332$30,480,060$129,288,350$1,363,085$127,925,265
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$50,000,000
of which government grants
$50,000,000
Program service revenue
$3,920,246
Investment income
-$731,432
Net gain from sales of assets
-$731,432
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$138,391
Accounting fees
$102,904
Travel
$47,420
Program services (functional)
$3,414,345
Management and general (functional)
$202,594

Balance sheet and other

Total assets, start of year
$132,707,426
Total assets, end of year
$188,521,939
Total liabilities, end of year
$191,689
Net assets, end of year
$188,330,250
Net assets without donor restrictions
$42,031,251
Net assets with donor restrictions
$146,298,999
Gross receipts
$54,180,675
Employees
0
Volunteers
5
Year formed
2007
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
AJ RIPINCHAIRMAN
Trustee or director, Officer
1$0
SUSAN AMATDIRECTOR
Trustee or director
1$0
BRANDON DETWEILERDIRECTOR
Trustee or director
1$0
GARRETT JOHNSONDIRECTOR
Trustee or director
1$0
TOMI LAROSSIDIRECTOR
Trustee or director
1$0
ROBERT HARVEYPRESIDENT
Officer
5$0
LORNA DUSTISECRETARY
Officer
5$0
990 for the year ended June 30, 2024: 6 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
ROBERT HARVEYPRESIDENT
Officer
5$0$162,102$9,995
LORNA DUSTISECRETARY
Officer
5$0$50,249$671
AJ RIPINCHAIRMAN
Trustee or director, Officer
1$0$0$0
SUSAN AMATDIRECTOR
Trustee or director
1$0$0$0
TOMI LAROSSIDIRECTOR
Trustee or director
1$0$0$0
GARRETT JOHNSONDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended June 30, 2023: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
DAISY DOVALETREASURER UNTIL 6/1/23
Officer
5$0$126,909$24,524
DAVID ROGERSVICE PRESIDENT UNTIL 8/25/22
Officer
5$0$120,478$6,489
MARC ADLERPRESIDENT UNTIL 8/25/22
Officer
5$0$106,653$4,663
LORNA DUSTISECRETARY
Officer
5$0$64,924$11,416
MERDITH PELTONEXECUTIVE DIR UNTIL 8/12/22
Officer
40$0$70,690$3,082
AJ RIPINCHAIRMAN
Trustee or director, Officer
1$0$0$0
SUSAN AMATDIRECTOR
Trustee or director
1$0$0$0
TOMI LAROSSIDIRECTOR
Trustee or director
1$0$0$0
GARRETT JOHNSONDIRECTOR
Trustee or director
1$0$0$0
DANIEL SCHWARTZCHAIRMAN UNTIL 11/30/22
Trustee or director, Officer
1$0$0$0

Address and contacts

Address (IRS master file)
800 N MAGNOLIA AVE STE 1100, ORLANDO, FL 32803-3266
Principal officer (990 for 2024)
ROBERT HARVEY, 800 N MAGNOLIA AVE 1100, ORLANDO, FL 32803
Signed the 990
ROBERT HARVEY, PRESIDENT
Phone
(407) 956-5600
Return prepared by
CHERRY BEKAERT ADVISORY LLC

Mission

THE FUND WAS CREATED BECAUSE THE FLORIDA LEGISLATURE FOUND THERE WAS A NEED TO INCREASE THE AVAILABILITY OF SEED CAPITAL AND EARLY STAGE VENTURE EQUITY CAPITAL FOR EMERGING COMPANIES IN THE STATE, INCLUDING, WITHOUT LIMITATION, ENTERPRISES IN LIFE SCIENCES, INFORMATION TECHNOLOGY, ADVANCED MANUFACTURING PROCESSES, AVIATION AND AEROSPACE, AND HOMELAND SECURITY AND DEFENSE, AS WELL AS OTHER STRATEGIC TECHNOLOGIES.

990 for the year ended June 30, 2025

Program accomplishments

  • THE FUND INCREASES THE AVAILABILITY OF SEED CAPITAL AND EARLY STAGE VENTURE EQUITY CAPITAL FOR EMERGING COMPANIES IN THE STATE, INCLUDING, WITHOUT LIMITATION, ENTERPRISES IN LIFE SCIENCES, INFORMATION TECHNOLOGY, ADVANCED MANUFACTURING PROCESSES, AVIATION AND AEROSPACE, HOMELAND SECURITY AND DEFENSE, AND ENERGY EFFICIENT OR RENEWABLE ENERGY PRODUCTS AND TECHNOLOGIES, AS WELL AS OTHER STRATEGIC TECHNOLOGIES.
    Expenses $3,414,345 · revenue $2,889,922
  • THE ECP PROGRAM IS DESIGNED TO CREATE NEW BUSINESSES AND JOBS IN FLORIDA AND FURTHER DIVERSIFY THE ECONOMY OF THE STATE OF FLORIDA BY MAKING DIRECT EQUITY OR CONVERTIBLE DEBT INVESTMENTS IN FLORIDA BUSINESSES.
    revenue $1,030,324

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
41-2262408
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2009
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$188,521,939
Income (IRS master file)
$54,180,675

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$53,188,814$3,616,939$188,521,939IRS
990June 2024$1,692,296$3,096,158$132,707,426IRS
990June 2023$33,349,392$2,869,332$129,288,350IRS
990June 2022$3,329,239$723,070$103,018,563IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-2262408).

Questions about FLORIDA OPPORTUNITY FUND INC

What is the EIN of FLORIDA OPPORTUNITY FUND INC?
The employer identification number (EIN) of FLORIDA OPPORTUNITY FUND INC is 41-2262408.
Is FLORIDA OPPORTUNITY FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
Are donations to FLORIDA OPPORTUNITY FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FLORIDA OPPORTUNITY FUND INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FLORIDA OPPORTUNITY FUND INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FLORIDA OPPORTUNITY FUND INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of FLORIDA OPPORTUNITY FUND INC?
The 990 for the year ended June 30, 2025 names ROBERT HARVEY.
Who are the officers and directors of FLORIDA OPPORTUNITY FUND INC?
The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does FLORIDA OPPORTUNITY FUND INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $53,188,814, expenses of $3,616,939 and total assets of $188,521,939 at year end.

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