Nonprofit · EIN 59-3391795
FLORIDA FUND FOR MINORITY TEACHERS INC
Tax-exempt · GAINESVILLE, FL 32611
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $900,686 | $1,231,364 | -$330,678 | $611,313 | $756,206 | -$144,893 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $885,860
- of which government grants
- $885,092
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $14,826
Expenses
- Grants and similar amounts paid
- $908,000
- Compensation of officers, directors and key employees
- $98,090
- Salaries, compensation and benefits (total)
- $98,090
- Professional fundraising fees
- $0
- Legal fees
- $42,164
- Accounting fees
- $1,214
- Travel
- $6,720
- Depreciation
- $31,726
- Program services (functional)
- $1,123,781
- Management and general (functional)
- $105,711
- Fundraising (functional)
- $1,872
Balance sheet and other
- Total assets, start of year
- $372,899
- Total assets, end of year
- $611,313
- Total liabilities, end of year
- $756,206
- Net assets, end of year
- -$144,893
- Land, buildings and equipment
- $908
- Net assets without donor restrictions
- -$144,893
- Gross receipts
- $900,686
- Employees
- 0
- Volunteers
- 3
- Year formed
- 1997
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Cheryl Williams | Interim Executive Director Trustee or director, Key employee | 40 | $0 | $89,470 |
| Dr Glenn Good | Chair Trustee or director, Key employee | 2 | $0 | $0 |
| Dr Ulysees Gilbert II | Vice-Chair Trustee or director, Key employee | 2 | $0 | $0 |
| William Spiers | Treasurer Trustee or director, Key employee | 2 | $0 | $0 |
| Teri Jones | Secretary Trustee or director | 2 | $0 | $0 |
| Dr Piyush Agrawal | Director Trustee or director | 2 | $0 | $0 |
| Dr Evelyn Cartright | Director Trustee or director | 2 | $0 | $0 |
| Dr Benjamin Cowins | Director Trustee or director | 2 | $0 | $0 |
| Dr David Kumar | Director Trustee or director | 2 | $0 | $0 |
| Dr Linda Hogans | Director Trustee or director | 2 | $0 | $0 |
| Dr Charles Ervin | Director Trustee or director | 2 | $0 | $0 |
| Dr Samuel Wright | Director Trustee or director | 2 | $0 | $0 |
| Yul Anderson | Director Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1908 STADIUM ROAD 334 YON HALL, GAINESVILLE, FL 32611-0001
- In care of
- % JONATHAN L HAY
- Principal officer (990 for 2023)
- William Spiers, PO Box 112010, Gainesville, FL 32611
- Signed the 990
- William Spiers, Treasurer
- Phone
- (352) 273-4364
- Website
- www.FFMT.org
- Return prepared by
- Tracie Lowe CPA
Mission
Providing scholarships to eligbile college students in the field of education in the state of Florida
Program accomplishments
- The organization purpose is to recruit and retain minorities in the educational & teaching academia for future minority teachers in the State of Florida. The organization provides financial support in the form of semester scholarships to elgible students within the State of Florida universities and higher education schools.Expenses $1,231,364 · grants $1,500,000 · revenue $885,860
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 59-3391795
- 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
- 1997
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $611,313
- Income (IRS master file)
- $900,686
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $900,686 | $1,231,364 | $611,313 | IRS |
| 990 | June 2022 | $930,146 | $959,709 | $372,899 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 59-3391795).
Questions about FLORIDA FUND FOR MINORITY TEACHERS INC
- What is the EIN of FLORIDA FUND FOR MINORITY TEACHERS INC?
- The employer identification number (EIN) of FLORIDA FUND FOR MINORITY TEACHERS INC is 59-3391795.
- Is FLORIDA FUND FOR MINORITY TEACHERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to FLORIDA FUND FOR MINORITY TEACHERS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FLORIDA FUND FOR MINORITY TEACHERS 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 FUND FOR MINORITY TEACHERS 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 FUND FOR MINORITY TEACHERS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of FLORIDA FUND FOR MINORITY TEACHERS INC?
- The 990 for the year ended June 30, 2024 names William Spiers.
- Who are the officers and directors of FLORIDA FUND FOR MINORITY TEACHERS INC?
- The 990 for the year ended June 30, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does FLORIDA FUND FOR MINORITY TEACHERS INC have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $900,686, expenses of $1,231,364 and total assets of $611,313 at year end.
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