SELECTFLORIDA INC

EIN: 931995847 501(c)(3) Youth Development

CORAL GABLES, FL

Total Revenue
$14,154,480
Total Expenses
$3,852,929
Total Assets
$11,502,175
Net Assets
$10,301,551
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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
FL
Principal Officer
MATT SWANSON
Phone
3054159076
Tax Period
2023-07-01 to 2024-06-30

SELECTFLORIDA INC, founded in 2023, is a mid-sized nonprofit in the Youth Development sector that reported $14.2M in total revenue in fiscal year 2023. The organization ran a surplus of $10.3M, a strong 73% operating margin.

Mission

SELECTFLORIDA IS THE STATE OF FLORIDA'S OFFICIAL INTERNATIONAL COMMERCE ORGANIZATION, SERVING AS A CATALYST FOR ECONOMIC DEVELOPMENT, ECONOMIC DIVERSIFICATION INTO TARGETED INDUSTRIES, AND HIGH-WAGE JOB CREATION FOR FLORIDIANS.

Program Service Accomplishments

Program 1
Expenses: $1,699,817 Revenue: $993,732

SELECTFLORIDA PROVIDES INTERNATIONAL TRADE SHOW AND TRADE MISSIONS OPPORTUNITIES AND SUPPORT TO FLORIDA MANUFACTURERS AND PROFESSIONAL SERVICE PROVIDERS WHO SEEK TO GENERATE EXPORT SALES GROWTH...

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SELECTFLORIDA PROVIDES INTERNATIONAL TRADE SHOW AND TRADE MISSIONS OPPORTUNITIES AND SUPPORT TO FLORIDA MANUFACTURERS AND PROFESSIONAL SERVICE PROVIDERS WHO SEEK TO GENERATE EXPORT SALES GROWTH ABROAD. SELECTFLORIDA IN FY24-25, WILL GENERATE $1.4 BILLION IN ASSISTED EXPORT SALES FOR PARTICIPATING FLORIDA COMPANIES. AS A DIRECT RESULT, SELECTFLORIDA TRADE ASSISTANCE EFFORTS HAVE GENERATED OVER 25,454 JOBS RETAINED AND/OR CREATED. THESE JOBS PAY ON AVERAGE 15% ABOVE THE AVERAGE WAGES IN THEIR COMMUNITIES.

Program 2
Expenses: $1,157,310

SELECTFLORIDA ADMINISTERS FLORIDA'S INTERNATIONAL OFFICE PROGRAM ON BEHALF OF THE STATE. THE ORGANIZATION MANAGES 17 INTERNATIONAL OFFICE LOCATIONS THROUGH 12 SEPARATE CONTRACTS. OFFICES ARE...

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SELECTFLORIDA ADMINISTERS FLORIDA'S INTERNATIONAL OFFICE PROGRAM ON BEHALF OF THE STATE. THE ORGANIZATION MANAGES 17 INTERNATIONAL OFFICE LOCATIONS THROUGH 12 SEPARATE CONTRACTS. OFFICES ARE RESPONSIBLE FOR PROVIDING IN-COUNTRY SUPPORT FOR FLORIDA BUSINESSES SEEKING TO EXPAND BUSINESS OPPORTUNITIES, AS WELL AS INTERNATIONAL BUSINESSES SEEKING TO EXPAND AND/OR ESTABLISH A PRESENCE IN FLORIDA. IN ADDITION, THE OFFICES ATTRACT FOREIGN DIRECT INVESTMENT TO FLORIDA, PROMOTE FLORIDA IN THEIR RESPECTIVE COUNTRIES, AND ENHANCE BILATERAL TRADE RELATIONSHIPS.

Program 3
Expenses: $579,133 Revenue: $358,056

THE CERTIFICATE OF FREE SALE IS AN EXPORT DOCUMENT REQUIRED BY IMPORTING COUNTRIES TO ENSURE THAT PRODUCTS ARE "FREELY MARKETED AND SOLD" HERE IN THE US, AND GENERALLY HAVE NO PROHIBITIONS FOR EXPORT.

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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 $12,545,354
Program Service Revenue $1,351,788
Investment Income $257,338
Other Revenue $0
TOTAL REVENUE $14,154,480

Expense Breakdown

Grants Paid $384,284
Salaries & Benefits $1,495,837
Fundraising Expenses $64,129
Program Expenses $3,436,260
Other Expenses $1,972,808
TOTAL EXPENSES $3,852,929

Year-over-Year Comparison

2023 2022 Change
Revenue $14,154,480 N/A N/A
Expenses $3,852,929 N/A N/A
Net Income $10,301,551 $0 N/A
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
19
Volunteers
7

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
6
$28,285
Total Directors
11
$28,285
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW SWANSON TRANS. DIR/INTERIM PRES/COO (START 7/11/23) 40.00
Officer Director
$4,414 $5,897 $10,311
JOSE A VILLAMIL TRANS. DIR/PRES. (10/9/23-8/30/24) 40.00
Officer Director
$12,965 $5,009 $17,974
ADAM CALLAWAY TRANSITIONARY DIR (8/14-11/30/23) 1.00
Director
$0 $0 $0
ROBERT HARVEY TRANSITIONARY DIR (8/14-11/30/23) 1.00
Director
$0 $0 $0
GREG BRITTON CHAIRMAN (START 11/30/23) 1.00
Officer Director
$0 $0 $0
JENNIFER CONOLEY VICE CHAIR (START 11/30/23) 1.00
Officer Director
$0 $0 $0
BETH KIGEL TREASURER (START 11/30/23) 1.00
Officer Director
$0 $0 $0
MARK WILSON SECRETARY (START 11/30/23) 1.00
Officer Director
$0 $0 $0
NICK PRIMROSE DIRECTOR (START 11/30/23) 1.00
Director
$0 $0 $0
MICHAEL SIMAS DIRECTOR (START 11/30/23) 1.00
Director
$0 $0 $0
KELLY SMALLRIDGE DIRECTOR (START 11/30/23) 1.00
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 $14,154,480 $3,852,929 $11,502,175 $10,301,551
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