Florida Endowment Foundation For Vocational Rehabilitation Inc
- Assets
- $23.8m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Tallahassee, FL
- Founding
- 10/1991
- Data as of
- 06/2022
- EIN
- 59-3052307
Organization Overview
Florida Endowment Foundation For Vocational Rehabilitation Inc, operating under the name The Able Trust, is located in Tallahassee, FL. The organization was established in 1991. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Able Trust employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Able Trust 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 06/2022, Able Trust generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Able Trust has awarded 170 individual grants totaling $10,479,056. 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 BE A KEY LEADER IN PROVIDING FLORIDIANS WITH DISABILITIES OPPORTUNITIES FOR SUCCESSFUL EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ASSISTS FLORIDIANS WITH DISABILITIES IN ACHIEVING EMPLOYMENT AND PROVIDES GRANTS TO SUPPORT VOCATIONAL REHABILITATION PROGRAMS AND SERVICES LEADING TO THE EMPLOYMENT OF FLORIDA CITIZENS WITH DISABILITIES. IT ALSO FUNDS YOUTH PROGRAMS AND RETREATS THAT ADDRESS COMMUNITY, ACADEMIC AND EMPLOYMENT LEADERSHIP.
DISABILITY EMPLOYMENT AWARENESS MONTH (DEAM) IS COMMEMORATED EACH OCTOBER AND PAIRS STUDENTS WITH DISABILITIES WITH EMPLOYERS FOR A ONE-ON-ONE JOB SHADOWING EXPERIENCE. DEAM IS DESIGNED TO EXPOSE YOUNG ADULTS TO A VARIETY OF CAREER OPTIONS AND PROVIDE THEM WITH A BETTER UNDERSTANDING OF THE WORKPLACE ENVIRONMENT. PARTICIPANTS ARE GIVEN A CHANCE TO LEARN ABOUT A TYPICAL WORK DAY AS WELL AS THE SKILLS AND EDUCATION NEEDED FOR THE SPECIFIC CAREER. EMPLOYERS BENEFIT FROM DEAM BY UNDERSTANDING WHAT PEOPLE WITH DISABILITIES HAVE TO OFFER TO THE WORKPLACE.
THROUGH THE HIGH SCHOOL HIGH TECH PROGRAM, STUDENTS WITH ALL TYPES OF DISABILITES ARE ENCOURAGED TO SET THEIR SIGHTS ON POST-SECONDARY EDUCATION AND A CAREER IN FIELDS WHICH ARE IN-DEMAND IN THE STATE OF FLORIDA. MORE THAN 1,076 STUDENTS PARTICIPATE IN HIGH SCHOOL HIGH TECH EACH YEAR, WHERE THEY HAVE AN OPPORTUNITY TO TOUR COLLEGE CAMPUSES AND INDUSTRY OPERATIONS, AND MEET WITH FLORIDA BUSINESS LEADERS. THEY ARE OFFERED CAREER EXPERIENCES THROUGH JOB SHADOWING, INTERNSHIPS, AND VOLUNTEER POSITIONS DURING THEIR INVOLVEMENT IN THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Byers Secretary | OfficerTrustee | 1 | $0 |
Laurie Sallarulo Chair | OfficerTrustee | 1 | $0 |
Dr Mavara Agrawal Vice-Chair | OfficerTrustee | 1 | $0 |
Doug Hilliard Treasurer | OfficerTrustee | 1 | $0 |
Lori Fahey Director | Trustee | 1 | $0 |
Brent Mcneal Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $549,823 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,270 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $714,093 |
| Total Program Service Revenue | $63,105 |
| Investment income | $928,275 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $845,485 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,610,649 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,131,811 |
| 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. | $284,104 |
| Compensation of current officers, directors, key employees. | $155,218 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $336,443 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,999 |
| Payroll taxes | $42,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $96,526 |
| Fees for services: Lobbying | $35,248 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $191,995 |
| Fees for services: Other | $432 |
| Advertising and promotion | $36,884 |
| Office expenses | $9,984 |
| Information technology | $26,562 |
| Royalties | $0 |
| Occupancy | $77,460 |
| Travel | $359 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $92,754 |
| Interest | $722 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,289 |
| Insurance | $13,239 |
| All other expenses | $38,520 |
| Total functional expenses | $2,808,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,500 |
| Savings and temporary cash investments | $1,565,186 |
| Pledges and grants receivable | $821,673 |
| Accounts receivable, net | $23,731 |
| 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 | $0 |
| Net Land, buildings, and equipment | $131,153 |
| Investments—publicly traded securities | $21,115,183 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,950 |
| Total assets | $23,761,376 |
| Accounts payable and accrued expenses | $122,856 |
| Grants payable | $0 |
| Deferred revenue | $734,217 |
| 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 | $74,379 |
| Total liabilities | $931,452 |
| Net assets without donor restrictions | $19,950,121 |
| Net assets with donor restrictions | $2,879,803 |
| 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 | $23,761,376 |
Grants Awarded
Over the last fiscal year, Florida Endowment Foundation For Vocational Rehabilitation Inc has awarded $1,090,467 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITY 1ST PURPOSE: VOCATIONAL PROGRAMS | $66,000 |
BEST BUDDIES INTERNATIONAL INC PURPOSE: VOCATIONAL PROGRAMS | $50,000 |
BREVARD SCHOOLS FOUNDATION PURPOSE: VOCATIONAL PROGRAMS | $22,000 |
CAREER SOURCE FLORIDA CROWN PURPOSE: VOCATIONAL PROGRAMS | $88,000 |
CENTER FOR IND LIV OF BROWARD PURPOSE: VOCATIONAL PROGRAMS | $44,000 |
CENTER FOR IND LIVING N CENTRAL FL PURPOSE: VOCATIONAL PROGRAMS | $110,000 |