Florida Endowment Foundation For Floridas Graduates Inc
EIN: 593580979 · Flagler Beach, FL · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $735K |
| Total Expenses | $1.3M |
| Net Assets | $-136,606 |
Is Florida Endowment Foundation For Floridas Graduates Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Florida Endowment Foundation For Floridas Graduates Inc
Florida Endowment Foundation For Floridas Graduates Inc (EIN: 593580979) is a nonprofit organization based in Flagler Beach, FL, classified under NTEE code B90. The organization reported total revenue of $735K and total assets of $205K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Florida Endowment Foundation For Floridas Graduates Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Florida Endowment Foundation For Floridas Graduates Inc is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $658K |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-595,842 |
| Total Assets | $149K |
| Total Liabilities | $286K |
| Net Assets | $-136,606 |
| Operating Margin | -90.6% |
| Debt-to-Asset Ratio | 191.7% |
| Months of Reserves | 1.4 months |
Financial Health Grade: D
In 2023, Florida Endowment Foundation For Floridas Graduates Inc reported a deficit of $596K with expenses exceeding revenue, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 191.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Florida Endowment Foundation For Floridas Graduates Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -71.6% | -33.3% | -88.8% |
| 2022 | +121.9% | +11.3% | +94.8% |
| 2021 | -40.8% | +26.4% | -21.9% |
| 2020 | +9.2% | -14.2% | +77.3% |
| 2019 | +182.5% | +116.8% | +63.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Florida Endowment Foundation For Floridas Graduates Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Florida Endowment Foundation For Floridas Graduates Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $596K, with expenses exceeding revenue.
- Debt-to-asset ratio: 191.7%.
Frequently Asked Questions about Florida Endowment Foundation For Floridas Graduates Inc
Is Florida Endowment Foundation For Floridas Graduates Inc a legitimate charity?
Florida Endowment Foundation For Floridas Graduates Inc (EIN: 593580979) is a registered tax-exempt nonprofit based in Florida. It has 13 years of IRS 990 filings on record. Total revenue: $735K. No red flags identified. Financial health grade: D.
How does Florida Endowment Foundation For Floridas Graduates Inc spend its money?
Florida Endowment Foundation For Floridas Graduates Inc reported $735K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Florida Endowment Foundation For Floridas Graduates Inc tax-deductible?
Florida Endowment Foundation For Floridas Graduates Inc is registered as a tax-exempt nonprofit (EIN: 593580979). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Florida Endowment Foundation For Floridas Graduates Inc located?
Florida Endowment Foundation For Floridas Graduates Inc is headquartered in Flagler Beach, Florida and files with the IRS under EIN 593580979. It is classified under NTEE code B90.
How many years of IRS 990 filings does Florida Endowment Foundation For Floridas Graduates Inc have?
Florida Endowment Foundation For Floridas Graduates Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $735K in total revenue.
Filing History
IRS 990 filing history for Florida Endowment Foundation For Floridas Graduates Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Florida Endowment Foundation For Floridas Graduates Inc's revenue has declined by 65.2%, moving from $1.9M to $658K. Total assets decreased by 75.8% over the same period, from $616K to $149K. Total functional expenses fell by 16.7%, from $1.5M to $1.3M. In its most recent filing year (2023), Florida Endowment Foundation For Floridas Graduates Inc reported a deficit of $596K, with expenses exceeding revenue. The organization holds $286K in liabilities against $149K in assets (debt-to-asset ratio: 191.7%), resulting in net assets of $-136,606.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $658K | $1.3M | $149K | $286K | — | View 990 |
| 2022 | $2.3M | $1.9M | $1.3M | $980K | — | View 990 |
| 2021 | $1.0M | $1.7M | $681K | $773K | — | View 990 |
| 2020 | $1.8M | $1.3M | $872K | $318K | — | View 990 |
| 2019 | $1.6M | $1.6M | $492K | $364K | — | View 990 |
| 2018 | $571K | $718K | $301K | $121K | — | View 990 |
| 2017 | $1.5M | $1.5M | $440K | $98K | — | View 990 |
| 2016 | $1.6M | $1.6M | $636K | $356K | — | View 990 |
| 2015 | $3.0M | $3.1M | $1.1M | $866K | — | View 990 |
| 2014 | $538K | $761K | $406K | $33K | — | View 990 |
| 2013 | $504K | $631K | $662K | $67K | — | View 990 |
| 2012 | $1.2M | $1.1M | $764K | $42K | — | View 990 |
| 2011 | $1.9M | $1.5M | $616K | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $658K, expenses of $1.3M, and assets of $149K (revenue -71.6% year-over-year).
- 2022: Revenue of $2.3M, expenses of $1.9M, and assets of $1.3M (revenue +121.9% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.7M, and assets of $681K (revenue -40.8% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.3M, and assets of $872K (revenue +9.2% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.6M, and assets of $492K (revenue +182.5% year-over-year).
- 2018: Revenue of $571K, expenses of $718K, and assets of $301K (revenue -62.7% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.5M, and assets of $440K (revenue -2.1% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.6M, and assets of $636K (revenue -48.7% year-over-year).
- 2015: Revenue of $3.0M, expenses of $3.1M, and assets of $1.1M (revenue +466.3% year-over-year).
- 2014: Revenue of $538K, expenses of $761K, and assets of $406K (revenue +6.8% year-over-year).
- 2013: Revenue of $504K, expenses of $631K, and assets of $662K (revenue -59.2% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $764K (revenue -34.7% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.5M, and assets of $616K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Florida Endowment Foundation For Floridas Graduates Inc:
Data Sources and Methodology
This transparency report for Florida Endowment Foundation For Floridas Graduates Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.