Growfl Inc
- Assets
- $210.3k
- Revenue
- $851.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- Data as of
- 06/2023
- EIN
- 86-2277489
Organization Overview
Growfl Inc is located in Orlando, FL. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Growfl Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESOURCES FOR CEOS OF SECOND-STAGE COMPANIES TO HELP THEM OVERCOME UNIQUE CHALLENGES AND ACCELERATE BUSINESS GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLABORATIVE ACTIVITIES TO ASSIST SECOND-STAGE COMPANIES OVERCOME UNIQUE CHALLENGES AND ACCELERATE BUSINESS GROWTH. THIS PURPOSE ASSISTED APPROXIMATELY 150 COMPANIES IN FY 2022.
GROWFL REGIONAL CHAPTER EVENTS: GROWFL REGIONAL EVENTS ARE RESERVED FOR SECOND-STAGE COMPANY PRESIDENTS, CEOS, AND BUSINESS OWNERS. THE GROWFL CHAPTER EVENTS BRING TOGETHER SECOND-STAGE CEOS AND REGIONAL BUSINESS OWNERS QUARTERLY. EVENTS TYPICALLY FEATURE A SECOND OR THIRD-STAGE KEYNOTE SPEAKER WHO WILL SHARE HOW THEY HAVE GROWN THEIR BUSINESS, THE LESSONS THEY HAVE LEARNED ALONG THE WAY, THEIR CHALLENGES, AND THE SOLUTIONS THEY UTILIZED TO OVERCOME THOSE CHALLENGES. GROWFL REGIONAL CHAPTER EVENTS ARE HELD IN NORTHEAST, SOUTHEAST, EAST CENTRAL AND TAMPA BAY REGIONS OF FLORIDA.
FLORIDA COMPANIES TO WATCH: THE ANNUAL EVENT HONORED THE TOP 50 COMPANIES IN FLORIDA THAT DEMONSTRATE GROWTH, INNOVATION, AND COMMUNITY CONTRIBUTION. IT WAS HELD AT HARD ROCK LIVE AND ATTENDED BY APPROXIMATELY 400 PEOPLE.
SYSTEM FOR INTEGRATED GROWTH: THROUGH THE GROWFL SYSTEM FOR INTEGRATED GROWTH (SIG), BUSINESS LEADERS CAN ACCESS JUST-IN-TIME EXPERTISE - WHEREVER A COMPANY NEEDS IT MOST. SIG ADDRESSES ISSUES IMPACTING THE GROWTH FOR SECOND-STAGE BUSINESS OWNERS, INCLUDING INTERNAL PROBLEMS SUCH AS HUMAN RESOURCES, FISCAL MANAGEMENT, OPERATIONS, AND EXTERNAL MATTERS THAT FOCUS ON EXPLORING NEW MARKETS, PREPARING TO EXPORT SALES, AND SUPPLY CHAIN. THE GOAL IS TO PROVIDE CEOS WITH FORTUNE 500-LEVEL DATA, INFORMATION, AND BEST PRACTICES THAT MAY BE TOO COSTLY TO ACCESS INDEPENDENTLY. GROWFL-SUPPORTED COMPANIES GREW THREE TIMES FASTER THAN THEIR PEERS BECAUSE THEY PARTICIPATED IN THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Alfano Director | Trustee | 1 | $0 |
Jennifer Barrows Past Chairma | OfficerTrustee | 1 | $0 |
David Carrier Chairman | OfficerTrustee | 1 | $0 |
Nancy Crews Director | Trustee | 1 | $0 |
Gwen Griggs Director | Trustee | 1 | $0 |
Paul Hays Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $103,250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $285,925 |
| All other contributions, gifts, grants, and similar amounts not included above | $304,552 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $693,727 |
| Total Program Service Revenue | $157,693 |
| 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 | $851,420 |
| 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. | $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 | $0 |
| Fees for services: Legal | $10,073 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $407,963 |
| Advertising and promotion | $21,383 |
| Office expenses | $29,372 |
| Information technology | $22,983 |
| Royalties | $0 |
| Occupancy | $72,316 |
| Travel | $27,585 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,215 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $955 |
| All other expenses | $52,831 |
| Total functional expenses | $873,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,041 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,177 |
| 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 | $120 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,000 |
| Total assets | $210,338 |
| Accounts payable and accrued expenses | $42,195 |
| 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 | $62,745 |
| Total liabilities | $104,940 |
| Net assets without donor restrictions | $105,398 |
| 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 | $210,338 |