Florida Fruit & Vegetable Research & Education Foundation Inc
- Assets
- $1.3m
- Revenue
- $350.1k
- Investments
- $967.2k
- Employees
- 0
- Location
- Maitland, FL
- Founding
- 08/1991
- Data as of
- 12/2023
- EIN
- 59-3047600
Organization Overview
Florida Fruit & Vegetable Research & Education Foundation Inc, operating under the name Florida Specialty Crop Foundation, is located in Maitland, FL. The organization was established in 1991. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Specialty Crop Foundation 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 12/2023, Florida Specialty Crop Foundation generated $350.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $315.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (14.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Florida Specialty Crop Foundation has awarded 190 individual grants totaling $6,557,439. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGING LEADER CLASS XII & XIII - IDENTIFIED NEXT GENERATION OF LEADERS IN FLOIRDA AGRICULTURE AND EQUIP THEM WITH KNOWLEDGE OF ISSUES AFFECTING AGRICULTURE, EDUCATION AND TOOLS TO DEAL WITH THOSE ISSUES, PREPARE THEM TO IMPROVE THE SUSTAINABILITY AND ECONOMIC VIABILITY OF SPECIALTY CROP AGRICULTURE, IMPROVE GRASSROOTS ENGAGEMENT, AND IMPROVEMENTS IN FFVA AND OTHER INDUSTRY ORGANIZATIONS.
OTHER PROGRAM SERVICES
AG LABOR FORUM - ANNUAL AGRICULTURAL LABOR RELATIONS FORUM FOR INDUSTRY UPDATES AND LABOR RELATIONS ADVICE FROM EXPERTS. PRESENTS WORKSHOPS TO HELP EMPLOYERS UNDERSTAND THE LAWS AND REGULATIONS THAT GOVERN THE AGRICULTURAL WORKFORCE.
EPM OUTREACH - THE FOUNDATION PROVIDES EDUCATIONAL OPPORTUNITIES SUCH AS FIELD TOURS, WORKSHOPS, AND OTHER EVENTS TO TEACH VARIOUS GROUPS ABOUT LAWS AND REGULATIONS THAT IMPACT THE AGRICULTURE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Duda Chapman Chair | OfficerTrustee | 1 | $0 |
Joe Hodges Vice Chair | OfficerTrustee | 1 | $0 |
Halston Fernandez Secretary/treasurer | OfficerTrustee | 2 | $0 |
Alan Hair Director | Trustee | 1 | $0 |
Eric Bonnett Director | Trustee | 1 | $0 |
Keith Mixon Director | Trustee | 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 | $155,387 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,387 |
| Total Program Service Revenue | $111,800 |
| Investment income | $37,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,403 |
| Net Income from Fundraising Events | $37,228 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $350,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,100 |
| Grants and other assistance to domestic individuals. | $9,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Management | $64,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,536 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $642 |
| Advertising and promotion | $0 |
| Office expenses | $1,278 |
| Information technology | $4,702 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $29,577 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $146,236 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $315,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $299,506 |
| Pledges and grants receivable | $100 |
| Accounts receivable, net | $0 |
| 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 | $5,675 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $967,178 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,272,459 |
| Accounts payable and accrued expenses | $2,185 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $2,185 |
| Net assets without donor restrictions | $715,145 |
| Net assets with donor restrictions | $555,129 |
| 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 | $1,272,459 |
Grants Awarded
Over the last fiscal year, Florida Fruit & Vegetable Research & Education Foundation Inc has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARIETES DIOCESE OF ST PETE PURPOSE: Medical Clinic Grant | $15,000 |
REDLANDS CHRISTIAN MIGRANT ASSOCIATION INC PURPOSE: Program Support | $10,000 |