Greater Fort Lauderdale Alliance Foundation Inc
- Assets
- $540.1k
- Revenue
- $907.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Fort Lauderdale, FL
- Founding
- 12/2014
- Data as of
- 09/2023
- EIN
- 47-2362323
Organization Overview
Greater Fort Lauderdale Alliance Foundation Inc is located in Fort Lauderdale, FL. The organization was established in 2014. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Greater Fort Lauderdale Alliance Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Fort Lauderdale Alliance Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Greater Fort Lauderdale Alliance Foundation Inc generated $907.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $1.0m during the year ending 09/2023. 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 GREATER FORT LAUDERDALE ALLIANCE FOUNDATION STRIVES TO CREATE AN ECONOMIC CLIMATE WHERE RESIDENTS OF GREATER FORT LAUDERDALE/BROWARD COUNTY HAVE ACCESS TO QUALITY OPPORTUNITIES, WITH A FOCUS ON HIGHER PAYING JOBS IN TARGET INDUSTRIES. THE MISSION OF THE FOUNDATION IS TO IMPROVE THE LIVES OF RESIDENTS WITHIN BROWARD COUNTY THROUGH A NUMBER OF INITIATIVES TO SUPPORT A STRATEGIC PLAN FOR ECONOMIC DEVELOPMENT. THE FOUNDATION IS ORGANIZED EXCLUSIVELY TO PROMOTE SCIENTIFIC, LITERARY, EDUCATION AND CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LABOR MARKET WORKFORCE SKILLS GAP ANALYSIS TO EVALUATE THE AREA WORKFORCE INCLUDING ANALYZING THE SKILLS OF THE WORKFORCE AND THE TRAINING NEEDED TO IMPROVE SKILLS OF THOSE NEEDING JOBS TO MEET THE NEEDS OF EMPLOYERS
EDUCATED 1,750 STUDENTS ON CAREER PATHWAYS IN TARGET INDUSTRIES IN SOUTH FLORIDA AND INTRODUCED THEM TO COMPANY LEADERS WHO WORKED WITH THEM ON SOFT SKILLS TRAINING AND INFORMED THEM OF CAREER OPPORTUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Swindell Director | OfficerTrustee | 2 | $0 |
Ben Wesley Chairperson | OfficerTrustee | 1 | $0 |
Mike Moore Vice President | OfficerTrustee | 1 | $0 |
Heidi Davis Knapick Secretary | OfficerTrustee | 1 | $0 |
Bill White Treasurer | OfficerTrustee | 1 | $0 |
Jarett Levan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $50,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,485 |
| All other contributions, gifts, grants, and similar amounts not included above | $588,579 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $679,064 |
| Total Program Service Revenue | $228,568 |
| 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 | $907,632 |
| 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 | $456,163 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,034 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,183 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $76,701 |
| Office expenses | $2,423 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,345 |
| Travel | $18,521 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $193,393 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,767 |
| Total functional expenses | $1,005,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,204 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,633 |
| 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 | $1,128 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $327,103 |
| Total assets | $540,068 |
| Accounts payable and accrued expenses | $55,173 |
| 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 | $497,136 |
| Total liabilities | $552,309 |
| Net assets without donor restrictions | -$12,241 |
| 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 | $540,068 |
Grants Awarded
Over the last fiscal year, Greater Fort Lauderdale Alliance Foundation Inc has awarded $22,398 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF BROWARD PURPOSE: GRANT FOR HOMELESSNESS | $10,001 |
THE MARINE RESEARCH HUB OF SOUTH FLORIDA INC PURPOSE: MARINE RESEARCH | $12,397 |