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Nonprofit · EIN 88-2588991

FLORIDA ACHIEVEMENT SUPPORT TRUST

Tax-exempt · CORAL GABLES, FL 33134

Financials

$18.4M$14.9M2024
Revenue Expenses · by fiscal year end
Financials of FLORIDA ACHIEVEMENT SUPPORT TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$18,422,036$14,939,313$3,482,723$5,089,526$147,536$4,941,990
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$18,361,068
Program service revenue
$0
Investment income
$60,968
Net gain from sales of assets
$27,991
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$400,000
Other salaries and wages
$688,770
Salaries, compensation and benefits (total)
$1,162,703
Professional fundraising fees
$0
Travel
$529,574
Depreciation
$2,011
Program services (functional)
$13,662,427
Management and general (functional)
$1,276,886

Balance sheet and other

Total assets, start of year
$1,571,225
Total assets, end of year
$5,089,526
Total liabilities, end of year
$147,536
Net assets, end of year
$4,941,990
Land, buildings and equipment
$11,247
Publicly traded securities
$73,294
Net assets without donor restrictions
$1,847,627
Net assets with donor restrictions
$3,094,363
Gross receipts
$18,422,036
Employees
2
Volunteers
25
Year formed
2022
State of legal domicile
DE

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
NATHANIEL BARBERACEO
Officer
40$400,000
JOSE A COSTA IIICHAIRMAN & TRUSTEE
Trustee or director
10$0
CARLOS MARTELLTRUSTEE
Trustee or director
2$0
CHRISTOPHER BOYETTTRUSTEE
Trustee or director
2$0
FELIPE TORRES DE NAVARRACFO
Officer
10$0

Address and contacts

Address (IRS master file)
901 PONCE DE LEON BLVD STE 700, CORAL GABLES, FL 33134-3070
Principal officer (990 for 2024)
JOSE A COSTA III, 901 PONCE DE LEON BLVD SUITE 700, CORAL GABLES, FL 33134
Signed the 990
JOSE A COSTA III, CHAIRMAN & TRUSTEE
Phone
(786) 391-3519
Return prepared by
VERDEJA & ALVAREZ LLP

Mission

SEE SCHEDULE O.

990 for the year ended December 31, 2024

Program accomplishments

  • FLORIDA ACHIEVEMENT SUPPORT TRUST BEGAN OPERATIONS IN THE SUMMER OF 2022. IN 2024, FLORIDA ACHIEVEMENT SUPPORT TRUST WORKED WITH AND PROMOTED 16 DIFFERENT CHARITABLE ORGANIZATIONS THROUGH OVER 2,000 HOURS OF SERVICE WORK AND THOUSANDS OF SOCIAL MEDIA POSTS. FLORIDA ACHIEVEMENT SUPPORT TRUST ALSO HELD MULTIPLE FINANCIAL LITERACY MEETINGS FOR 160+ PARTICIPANTS. OUR ORGANIZATION IS PROUD TO MAKE SUCH A SIGNIFICANT IMPACT ON THE COMMUNITY. WE ARE RAISING AWARENESS OF THE IMPACTFUL WORK THAT OUR PARTNERS ARE DOING IN THE COMMUNITY AND MAKING A DIFFERENCE IN THE LIVES OF PEOPLE VIA FINANCIAL EDUCATION.
    Expenses $13,662,427

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
88-2588991
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,089,526
Income (IRS master file)
$18,422,036

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$7,253,935$8,227,470$1,571,225IRS
990December 2022$3,031,405$598,603$2,447,802IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about FLORIDA ACHIEVEMENT SUPPORT TRUST

What is the EIN of FLORIDA ACHIEVEMENT SUPPORT TRUST?
The employer identification number (EIN) of FLORIDA ACHIEVEMENT SUPPORT TRUST is 88-2588991.
Is FLORIDA ACHIEVEMENT SUPPORT TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to FLORIDA ACHIEVEMENT SUPPORT TRUST tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FLORIDA ACHIEVEMENT SUPPORT TRUST 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 ACHIEVEMENT SUPPORT TRUST due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FLORIDA ACHIEVEMENT SUPPORT TRUST last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FLORIDA ACHIEVEMENT SUPPORT TRUST?
The 990 for the year ended December 31, 2024 names JOSE A COSTA III.
Who are the officers and directors of FLORIDA ACHIEVEMENT SUPPORT TRUST?
The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $400,000 (NATHANIEL BARBERA, CEO).
How much revenue does FLORIDA ACHIEVEMENT SUPPORT TRUST have?
On its 990 for the year ended December 31, 2024 it reported revenue of $18,422,036, expenses of $14,939,313 and total assets of $5,089,526 at year end.

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