Central Florida Franchisee Owners Association Corp
- Assets
- $126.3k
- Revenue
- $265.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- Data as of
- 12/2023
- EIN
- 27-1476047
Organization Overview
Central Florida Franchisee Owners Association Corp is located in Orlando, FL. Central Florida Franchisee Owners Association Corp is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Central Florida Franchisee Owners Association Corp generated $265.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $340.5k during the year ending 12/2023. While expenses have increased by 5.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES OF CENTRAL FLORIDA FRANCHISEE OWNERS ASSOCIATION CORP TO BRINGS TOGETHER SOME OF THE LARGEST AND MOST REPUTABLE INDEPENDENT FRANCHISEE ASSOCIATIONS TO FORM A GROUND-BREAKING ORGANIZATION WITH A MISSION TO LEVERAGE THE COLLECTIVE STRENGTHS OF FRANCHISEE ASSOCIATIONS FOR THE BENEFIT OF THE FRANCHISEE COMMUNITY. TO THE DEVELOPMENT AND GROWTH OF THEIR OWN ORGANIZATIONS, TO PROVIDES A FORUM FOR ITS MEMBERS TO SHARE BEST PRACTICES, KNOWLEDGE AND RESOURCES FOR THE BENEFIT OF THE ENTIRE FRANCHISEE POPULATION. BY FOCUSING ITS EFFORTS ON FRANCHISEE EDUCATION AND TRAINING, EXECUTIVE LEADERSHIP DEVELOPMENT AND COLLECTIVE BUYING OPPORTUNITIES, THE CFFOAC CULTIVATES THE SIMILAR GOALS OF EVOLVING FRANCHISEE ASSOCIATIONS TO CREATE STRENGTH AND UNITY AMONG ALL FRANCHISEES. THE CFFOAC, WHOSE MEMBERSHIP IS EXCLUSIVELY FRANCHISEE ASSOCIATIONS, OFFERING LIMITLESS OPPORTUNITIES FOR ASSOCIATION LEADERS TO SHARE IDEAS ON IMPROVEMENT AND PLANNING. THE CENTRAL FLORIDA FRANCHISEE OWNERS ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSES OF CENTRAL FLORIDA FRANCHISEE OWNERS ASSOCIATION CORP TO BRINGS TOGETHER SOME OF THE LARGEST AND MOST REPUTABLE INDEPENDENT FRANCHISEE ASSOCIATIONS TO FORM A GROUND-BREAKING ORGANIZATION WITH A MISSION TO LEVERAGE THE COLLECTIVE STRENGTHS OF FRANCHISEE ASSOCIATIONS FOR THE BENEFIT OF THE FRANCHISEE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fari Ishani President | Trustee | 0 | $0 |
Harvinder Thaper Treasurer | Officer | 0 | $0 |
Michael C Jorgensen Vice President | Officer | 0 | $0 |
Anil G Ratnani Secretary | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $49,820 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,738 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,558 |
| 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 | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $265,558 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $58,900 |
| Fees for services: Legal | $749 |
| Fees for services: Accounting | $4,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,917 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,755 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $216,609 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $12 |
| Total functional expenses | $340,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,281 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $126,281 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1 |
| Total liabilities | $1 |
| Net assets without donor restrictions | $126,280 |
| Net assets with donor restrictions | $0 |
| 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 | $126,281 |