Florida Venture Forum Inc
- Assets
- $501.1k
- Revenue
- $450.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Tampa, FL
- Founding
- 09/1987
- Data as of
- 06/2021
- EIN
- 59-2574680
Organization Overview
Florida Venture Forum Inc, operating under the name Florida Venture Forum, is located in Tampa, FL. The organization was established in 1987. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Florida Venture Forum employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Venture Forum is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2021, Florida Venture Forum generated $450.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $435.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING FLORIDA ENTREPRENEURS AND CAPITAL SOURCES TO FOSTER A THRIVING INNOVATION ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE - TO EDUCATE OUR ATTENDEES BY PROVIDING SUBJECT MATTER EXPERTS ON RELEVANT TOPICS RELATING TO FUNDING AND VENTURE CAPITAL. ADDITIONALLY, BY BRINGING SOURCES OF CAPITAL TOGETHER WITH FLORIDA BASED ENTREPRENEURS, THE FORUM PROVIDES AN OPPORTUNITY FOR OUR SELECTED PRESENTER ENTREPRENEURS TO SHOWCASE THEIR COMPANIES IN FRONT OF POTENTIAL INVESTORS. THE FORUM ALSO PROVIDES ONE ON ONE COACHING OPPORTUNITIES FOR THEIR SELECTED PRESENTING COMPANIES.
MEMBERSHIP DEVELOPMENT: MEMBERS ARE ENCOURAGED TO NETWORK WITH OTHER MEMBERS AND UTILIZE THE EDUCATIONAL RESOURCES THAT WE PROVIDE TO THEM.
EARLY-STAGE CONFERENCE: TO GIVE THOSE COMPANIES AND ATTENDANCE THE OPPORTUNITY TO LEARN ABOUT RECEIVING OUTSIDE FUNDING AND THE BENEFITS AND PITFALLS IN THE PROCESS. ADDITIONALLY, THE FORUM PROVIDES THE OPPORTUNITY FOR THE SELECTED PRESENTING COMPANIES TO SHOWCASE THEIR COMPANIES IN FRONT OF POTENTIAL INVESTORS. THE FORUM ALSO PROVIDES ONE ON ONE COACHING TO THE SELECTED PRESENTER COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Kevin Burgoyne President | Officer | 40 | $126,000 |
Pat Schneider Vice President/secretary | Officer | 40 | $71,100 |
Travis Milks Chair | OfficerTrustee | 1 | $0 |
Carolyn Mathis Vice Chair | OfficerTrustee | 1 | $0 |
Jeff Olender Treasurer | OfficerTrustee | 1 | $0 |
Patrick Traber Board Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $449,276 |
| 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 | $450,143 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $257,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,793 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $850 |
| Fees for services: Accounting | $19,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $50,216 |
| Office expenses | $2,695 |
| Information technology | $2,568 |
| Royalties | $0 |
| Occupancy | $1,200 |
| Travel | $3,508 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,151 |
| Interest | $0 |
| Payments to affiliates | $2,075 |
| Depreciation, depletion, and amortization | $429 |
| Insurance | $2,160 |
| All other expenses | $3,603 |
| Total functional expenses | $435,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $493,290 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $5,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,499 |
| Net Land, buildings, and equipment | $1,272 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $501,061 |
| Accounts payable and accrued expenses | $81,230 |
| Grants payable | $0 |
| Deferred revenue | $120,202 |
| 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 | $148,900 |
| Unsecured mortgages and notes payable | $35,625 |
| Other liabilities | $0 |
| Total liabilities | $385,957 |
| Net assets without donor restrictions | $115,104 |
| 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 | $501,061 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Florida Venture Forum Inc has recieved totaling $9,450.
| Awarding Organization | Amount |
|---|---|
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $9,450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Tourism Industry Marketing Corporation Inc Tallahassee, FL | $33,820,067 | $62,895,567 |
Orlando Orange County Convention & Visitors Bureau Inc Orlando, FL | $46,615,114 | $65,101,599 |
Greater Miami Convention And Visitors Bureau Inc Miami, FL | $31,705,005 | $32,926,540 |
Miami Association Of Realtors Inc Miami, FL | $56,284,695 | $21,744,917 |
Metropolitan Atlanta Chamber Of Commerce Inc Atlanta, GA | $19,028,351 | $14,011,506 |
Savannah Area Chamber Of Commerce Savannah, GA | $13,537,143 | $16,865,609 |
Orlando Regional Realtor Association Inc Orlando, FL | $41,443,880 | $9,652,407 |
Jacksonville Regional Chamber Of Commerce Inc Jacksonville, FL | $9,462,619 | $9,572,618 |
Orlando Economic Partnership Inc Orlando, FL | $7,838,258 | $8,634,020 |
Florida Chamber Of Commerce Tallahassee, FL | $11,287,883 | $6,720,102 |
The Economic Development Partnership Of Alabama Inc Birmingham, AL | $16,193,879 | $5,250,949 |
Gwinnett Chamber Of Commerce Inc Duluth, GA | $6,627,911 | $6,072,892 |