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Florida Economic Development Council Foundation

EIN 87-4015607 · Tallahassee, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak45 out of 100GovernanceFair64 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE FLORIDA ECONOMIC DEVELOPMENT COUNCIL FOUNDATION INC (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

Income
$298,263
Spending
$375,549
Spent on programs
82%
Reserves
2.9 months of spending
Largest source of income
fees for its services, 99%
Employees
0

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 45 out of 100. Higher than 14% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.9 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 26% of income.

  • Income trend

    0 of 15

    Income fell 36% on the year before.

  • Spending floor

    15 of 15

    82% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 64 out of 100. Higher than 32% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    25 of 25

    10 of 10 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $260,741 spent. THE FLORIDA ECONOMIC DEVELOPMENT FOUNDATION INC CONDUCTS AN ANNUAL PROFESSIONAL DEVELOPMENT CONFERENCE THAT INCLUDES GENERAL SESSIONS AND BREAKOUT SESSIONS COVEERING ECONOMIC, WORKFORCE AND COMMUNITY DEVELOPMENT PROGRAMS AND METHOD USED IN FLORIDA AND GENERAL INDUSTRY BEST PRACTICES.
  2. $29,310 spent. THE FOUNDATION PROCURES PROFESSIONAL DEVELOPMENT SUBJECT MATTER EXPERTS TO TEACH ECONOMIC, WORKFORCE AND COMMUNITY DEVELOPMENT CONCEPTS AS GENERALLY KNOWN EFFECTIVE BEST PRACTICES AT THE ANNUAL CONFERENCE, ON WEBINARS, AND FOR SMALL GROUP TRAININGS.
  3. $17,765 spent. THE FOUNDATION PROVIDES PROFESSIONAL DEVELOPMENT SCHOLARSHIPS TO ORGANIZATIONS TO SEND STAFF TO OTHER ECONOMIC, WORKFORCE, AND COMMUNITY DEVELOPMENT PROGRAMS DEEMED APPROPRIATE TO STRENGTHEN ECONOMIC CAPACITY FOR FLORIDA.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 2022.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

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