NonprofitsFlorida Opportunity Fund Inc

Community Improvement & Capacity Building

Florida Opportunity Fund Inc

ORLANDO, FL

Total revenue

$1.7M

Total expenses

$3.1M

Net assets

$132.0M

Grants received

$7.6M

1 grants

EIN

412262408

Tax year

2023

Mission

The florida opportunity fund ("fof or the "fund") identifies and invests in a diversified, high-quality portfolio of seed and early stage venture capital funds that targets in whole or in part opportunities within florida. In addition, the fund seeks to achieve a superior internal rate of return on private equity investments while contributing to florida's economic developments; foster the creation, retention, and growth of companies in florida; and encourage the development and growth of a vibrant florida-based venture capital investment community.

Programs

1 program

The ecp program is designed to create new businesses and jobs in florida and further diversify the economy of the state of florida by making direct equity or convertible debt investments in florida businesses.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$2.0M
Investment income
Other revenue
Total revenue$1.7M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$3.1M
Total expenses$3.1M
Total assets$132.7M
Net assets$132.0M

People

6 listed

NameRoleCompensation

AJ RIPIN

CHAIRMAN

Board

1 hrs/wk

SUSAN AMAT

DIRECTOR

Board

1 hrs/wk

TOMI LAROSSI

DIRECTOR

Board

1 hrs/wk

GARRETT JOHNSON

DIRECTOR

Board

1 hrs/wk

ROBERT HARVEY

PRESIDENT

Board

5 hrs/wk

LORNA DUSTI

SECRETARY

Board

5 hrs/wk

Independent contractors

DEEPWORK CAPITAL

INVESTMENT MANAGEMENT

$2.0M

SHUTTS & BOWEN LLP

LEGAL SERVICES

$278K

Grants received

Showing 1 of 1

FromAmountPurposeYear
$7.6M
STATE SMALL BUSINESS CREDIT INIITIATIVE
2017

Funded by

$7.6M from 1 funder · 1 grant · 2017

Enterprise Florida Inc

$7.6M · 1 grant · 2017

Details

EIN412262408
NTEE codeS31
Subsection03
Ruling date2009-04
Formed2007
Employees0
Volunteers4
FLORIDA OPPORTUNITY FUND INC — Mission, Financials & Grants Received | Grantivo