Florida Opportunity Fund Inc.
Florida Opportunity Fund Inc.
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About this organization
Mission
The Florida Opportunity Fund ('FOF or the 'Fund') identifies and invests in a diversified, high-quality portfolio of seed and early stage venture capital funds that targets in whole or in part opportunities within Florida. In addition, the fund seeks to achieve a superior internal rate of return on private equity investments while contributing to Florida's economic developments; foster the creation, retention, and growth of companies in Florida; and encourage the development and growth of a vibrant Florida-based venture capital investment community.
About
The fund increases the availability of seed capital and early stage venture equity capital for emerging companies in the state, including, without limitation, enterprises in life sciences, information technology, advanced manufacturing processes, aviation and aerospace, homeland security and defense, and energy efficient or renewable energy products and technologies, as well as other strategic technologies.
Interesting data from their 2019 990 filing
The non-profit's mission is outlined in the filing as being “The fund was created because the florida legislature found there was a need to increase the availability of seed capital and early stage venture equity capital for emerging companies in the state, including, without limitation, enterprises in life sciences, information technology, advanced manufacturing processes, aviation and aerospace, and homeland security and defense, as well as other strategic technologies.”.
When outlining its responsibilities, they were referred to as: “The florida opportunity fund ("fof or the "fund") identifies and invests in a diversified, high-quality portfolio of seed and early stage venture capital funds that targets in whole or in part opportunities within florida. in addition, the fund seeks to achieve a superior internal rate of return on private equity investments while contributing to florida's economic developments; foster the creation, retention, and growth of companies in florida; and encourage the development and growth of a vibrant florida-based venture capital investment community.”.
- The state in which the non-profit operates has been officially reported as FL.
- The filing reveals the non-profit's address in 2019 to be 800 N MAGNOLIA AVE NO 1100, ORLANDO, FL, 32803.
- As per the non-profit's form for 2019, they have 0 employees on their payroll.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $4,800,416.
- The organization has 3 independent voting members.
- The organization was formed in 2007.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.