Floridamakes Inc
- Assets
- $1.5m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 54
- Location
- Orlando, FL
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 27-3518899
Organization Overview
Floridamakes Inc, operating under the name Floridamakes, is located in Orlando, FL. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Floridamakes employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Floridamakes is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Floridamakes generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.6% each year . All expenses for the organization totaled $8.6m during the year ending 12/2022. While expenses have increased by 28.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Floridamakes has awarded 41 individual grants totaling $4,834,837. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE PRODUCTIVITY AND TECHNOLOGICAL PERFORMANCE OF FLORIDA'S MANUFACTURERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLORIDAMAKES IS PART OF THE NATIONWIDE NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY'S MANUFACTURING EXTENSION PARTNERSHIP (NIST MEP) SYSTEM THAT WAS CREATED TO ADDRESS THE NEEDS OF LOCAL MANUFACTURERS, WITH THE MISSION OF SUPPORTING THE GROWTH AND COMPETITIVE ABILITY OF U.S. MANUFACTURING. MEP CENTERS DELIVER A HIGH RETURN ON INVESTMENT. AT THE NATIONAL LEVEL, FOR EVERY ONE DOLLAR OF FEDERAL INVESTMENT, MEP CLIENTS GENERATE NEARLY $19 IN NEW SALES, WHICH TRANSLATES TO $2.5 BILLION ANNUALLY. AND FOR EVERY $2,001 OF FEDERAL INVESTMENT, MEP HELPS COMPANIES CREATE OR RETAIN ONE U.S. MANUFACTURING JOB. CONTINUED ON SCHEDULE OWHAT THAT MEANS FOR MANUFACTURERS WORKING WITH FLORIDAMAKES IS A FOCUS ON RESULTS FOR THE COMPANY. OUR SERVICES ARE DESIGNED TO HELP FURTHER THE GOALS FOR PROFITABILITY AND GROWTH AND POSITION THEM FOR THE FUTURE. DEPENDING ON THE NEEDS AND GOALS, THAT MAY INCLUDE HELPING TO SOLVE A SPECIFIC MANUFACTURING PROBLEM, INCREASE PRODUCTIVITY, ADOPT BEST PRACTICES, DETERMINE HOW CORE CAPABILITIES MIGHT BE USED TO ENTER A NEW MARKET, OR ENHANCE PROCESSES THROUGH APPROPRIATE ADVANCED TECHNOLOGY OR TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Carr Chief Executive Officer | OfficerTrustee | 40 | $309,181 |
Ray Aguerrevere Board Chair | OfficerTrustee | 1 | $0 |
Abe Alangadan Secretary | OfficerTrustee | 1 | $0 |
Bayne Beecher Treasurer | OfficerTrustee | 1 | $0 |
James Hodge Director | Trustee | 1 | $0 |
John Krug Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Roots Engineering Services Project Management | 12/30/22 | $171,507 |
Ultra Consultants Project Management | 12/30/22 | $134,084 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,723,022 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,729,422 |
| Total Program Service Revenue | $2,812,920 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,574,194 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $63,001 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $751,710 |
| Compensation of current officers, directors, key employees. | $75,171 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,826,025 |
| Pension plan accruals and contributions | $146,882 |
| Other employee benefits | $618,965 |
| Payroll taxes | $332,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,878 |
| Fees for services: Accounting | $28,098 |
| Fees for services: Lobbying | $17,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,443,674 |
| Advertising and promotion | $29,324 |
| Office expenses | $129,776 |
| Information technology | $331,280 |
| Royalties | $0 |
| Occupancy | $36,309 |
| Travel | $256,546 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $321,180 |
| Interest | $1,683 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,157 |
| Insurance | $15,677 |
| All other expenses | $1,904 |
| Total functional expenses | $8,605,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,049 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $191,021 |
| Accounts receivable, net | $400,249 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $99,977 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $765,110 |
| Total assets | $1,512,406 |
| Accounts payable and accrued expenses | $531,852 |
| Grants payable | $0 |
| Deferred revenue | $58,917 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $739,637 |
| Total liabilities | $1,330,406 |
| Net assets without donor restrictions | $182,000 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,512,406 |
Grants Awarded
Over the last fiscal year, Floridamakes Inc has awarded $63,001 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ILLINOIS MANUFACTURING EXCELLENCE CENTER PURPOSE: CAP AWARD: INDUSTRY 4.0 | $30,093 |
DAYTONA STATE COLLEGE PURPOSE: NSF AWARD | $8,908 |
ECONOMIC DEVELOPMENT COMMISSION OF FLORIDA'S SPACE COAST PURPOSE: NIST COOPERATIVE AGREEMENT - TO FACILITATE MEP ACTIVITIES IN ACCORDANCE WITH FLORIDAMAKES MISSION TO ESTABLISH, PROMOTE, MAINTAIN, AND EXPAND A STATEWIDE MEP IDENTITY. | $24,000 |