Foundation for Florida's Future Inc

Nonprofit profile at a glance

EIN
203229141
IRS 990 coverage
2010–2013
Forms available
Form 990 2013
Location
Tallahassee, FL, USA
Phone
8503913070
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Government and Public Administration

Official website

Reported finances

Revenue
$1,261,996
Expenses
$1,594,659
Assets
$638,368
Liabilities
$54,639

Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

30 people listed

Executive titles in this filing

  • JOHN E BUSH (PRESIDENT)
  • PATRICIANNA LEVESQUE (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JARYN EMHOF (VP OF COMMUNICATIONS): $139,757 total reported compensation
  • CARRIE A JENKINS (CFO): $128,044 total reported compensation
  • KHORI WHITTAKER (DIRECTOR OF EXTERNAL AFFAIRS): $115,207 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To make Florida's education system a model for the nation.

What it reported doing in 2013

The foundation for Florida's future kept floridians updated on legislative actions related to education.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 16
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.7%; rating input score 76
  • Program expense ratio: 59.9%; rating input score 60
  • Fundraising efficiency: $4.73 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -26.4%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 0.4; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 56; 56th percentile among comparable filings
  • Officer compensation ratio: 30.5%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 23.4% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: -8% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 75.7% of revenue deployed · 59.9% of spending went to programs
  • Governance: 26 of 26 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $955K in reported program spending
  • Leadership: top reported pay $140K · 30 people listed
  • Consistency: 36 of 36 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 4 filing years from 2010 to 2013
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Fundraising efficiency scored 19/100.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • Review — Sustainability: Liabilities to assets ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.