Florida Achievement Support Trust
- Assets
- $2.4m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 48
- Location
- Coral Gables, FL
- Founding
- Data as of
- 12/2022
- EIN
- 88-2588991
Organization Overview
Florida Achievement Support Trust, operating under the name Florida Victorious Foundation, is located in Coral Gables, FL. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. As of 12/2022, Florida Victorious Foundation employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Victorious Foundation 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLORIDA ACHIEVEMENT SUPPORT TRUST BEGAN OPERATIONS IN THE SUMMER OF 2022. IN THE FIRST 6 MONTHS, FLORIDA ACHIEVEMENT SUPPORT TRUST WORKED WITH AND PROMOTED THREE DIFFERENT CHARITABLE ORGANIZATIONS THROUGH OVER 250 HOURS OF SERVICE WORK AND 500+ SOCIAL MEDIA PROMOTIONS. FLORIDA ACHIEVEMENT SUPPORT TRUST ALSO HELD FINANCIAL LITERACY EDUCATION PROGRAMS FOR 40+ PARTICIPANTS. OUR ORGANIZATION IS PROUD TO MAKE SUCH A SIGNIFICANT IMPACT ON THE COMMUNITY. WE ARE RAISING AWARENESS OF THE IMPACTFUL WORK THAT OUR PARTNERS ARE DOING IN THE COMMUNITY AND MAKING A DIFFERENCE IN THE LIVES OF PEOPLE WHO ARE GOING THROUGH DIFFICULT TIMES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose A Costa III Chairman & Trustee | Trustee | 10 | $0 |
Carlos Martell Trustee | Trustee | 2 | $0 |
Christopher Boyett Trustee | Trustee | 2 | $0 |
Felipe Torres DE Navarra CFO | Officer | 10 | $0 |
Nathaniel Barbera CEO | Officer | 40 | $112,088 |
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 | $3,103,966 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,103,966 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$72,561 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,031,405 |
| 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. | $112,088 |
| Compensation of current officers, directors, key employees. | $10,088 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $324,616 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,078 |
| Payroll taxes | $40,833 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $85,012 |
| Advertising and promotion | $2,539 |
| Office expenses | $1,430 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,497 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,716 |
| All other expenses | $0 |
| Total functional expenses | $598,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,696,645 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $751,157 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,447,802 |
| Accounts payable and accrued expenses | $15,000 |
| 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 | $15,000 |
| Net assets without donor restrictions | $2,396,302 |
| Net assets with donor restrictions | $36,500 |
| 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 | $2,447,802 |