FLORIDA ECONOMIC DEVELOPMENT COUNCIL FOUNDATION

EIN: 874015607 501(c)(3) Community Improvement

TALLAHASSEE, FL

Total Revenue
$466,739
Total Expenses
$326,186
Total Assets
$167,454
Net Assets
$167,454
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
FL
Principal Officer
BETH CICCHETTI
Phone
8502121056
Tax Period
2023-07-01 to 2024-06-30

FLORIDA ECONOMIC DEVELOPMENT COUNCIL FOUNDATION, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $467K in total revenue in fiscal year 2023. Revenue surged 101% from the prior year, signaling strong growth momentum. The organization ran a surplus of $141K, a strong 30% operating margin.

Mission

THE FLORIDA ECONOMIC DEVELOPMENT COUNCIL FOUNDATION (THE ORGANIZATION) CONDUCTS CHARITABLE, EDUCATIONAL, RESEARCH, LITERARY, AND SCIENTIFIC ACTIVITIES ON A VARIETY OF ECONOMIC DEVELOPMENT AND WORKFORCE ISSUES FACING THE STATE OF FLORIDA. THROUGH ITS RESEARCH, THE ORGANIZATION AIMS TO IDENTIFY THE SKILL DEFICIENCIES IN THE STATE'S WORKFORCE AND OTHER BARRIERS TO ECONOMIC GROWTH, INCLUDING BUT NOT LIMITED TO INFRASTRUCTURE AND BUSINESS CLIMATE, AND EXAMINE WHAT FACTORS AFFECT THE ECONOMIC PROSPERITY OF FLORIDA RESIDENTS. THE ACTIVITIES ARE FOCUSED ON UNDERSTANDING THE NEEDS OF BUSINESSES AND INDUSTRIES IN THE STATE OF FLORIDA, INCLUDING CONDUCTING RESEARCH FOR THE PURPOSE OF AIDING FLORIDA COMMUNITIES TO ATTRACT NEW INDUSTRY OR TO ENCOURAGE THE DEVELOPMENT OR RETENTION OF BUSINESSES AND INDUSTRIES WITHIN THESE COMMUNITIES. THE ORGANIZATION ALSO CONDUCTS ACTIVITIES TO UNDERSTAND THE NEEDS OF UNEMPLOYED, UNDEREMPLOYED AND UNDERSERVED RESIDENTS IN FLORIDA IN ORDER TO INCREASE EMPLOYMENT OPP

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $17,000
Program Service Revenue $446,932
Investment Income $2,807
Other Revenue $0
TOTAL REVENUE $466,739

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $313,348
Other Expenses $326,186
TOTAL EXPENSES $326,186

Year-over-Year Comparison

2023 2022 Change
Revenue $466,739 $231,980 +1.0%
Expenses $326,186 $205,079 +0.6%
Net Income $140,553 $26,901 +4.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE BAUER CECD CHAIR 0.50
Officer Director
$0 $0 $0
BETH CICCHETTI EXECUTIVE DI 0.50
Officer Director
$0 $0 $0
SUZANNE CHRISTMAN CECD MEDP PAST CHAIR 0.50
Officer Director
$0 $0 $0
LUCIENNE PEARS CHAIR ELECT 0.50
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $466,739 $326,186 $167,454 $140,553
2023 $231,980 $205,079 $78,729 $26,901
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