Careersource Florida INC EIN 59-3659026 Form 990 (PDF) Claim this org

Careersource Florida INC

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Equips local workforce development boards with policy guidance and resources to help businesses and job seekers achieve economic empowerment. For fiscal year 2024 it reported $19.8M in revenue, $19.9M in expenses, and $827K in net assets.Pt I

Founded
2000
Type
Supporting organization · Employment
Location
Tallahassee, FL
Website
careersourceflorida.com
Filings
5 on file (2020–2024)
Revenue
$19.8MFY2024
Expenses
$19.9M
Net assets
$827K
People
44
Filings
5
Updates
0
More identity details & actions ⌄
EIN  59-3659026 Supporting organization Tallahassee, FL Founded 2000
Form 990 (PDF)
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Figures match the IRS filing checked 8/10/26 · see original: IRS
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Size
$10–100M
What they do
Equips local workforce development boards with policy guidance and resources to help businesses and job seekers achieve economic empowerment.
Leadership
Adrienne Johnston · CEO · $215K
Money in and out
$19.8M revenue, $19.9M expenses
Bottom line
-0.3% net inflow
Money in and out · FY2024
Total revenue
$19.8M
Pt VIII · Ln 12
Total expenses
$19.9M
Pt IX · Ln 25
Net assets
$827K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$53K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Net inflow
-0.3%
revenue over expenses, this year▼ -45% vs prior filing year
Pass-through gifts
100%
of revenue from contributions>-0.01% vs prior filing year
Program spending
77%
of expenses reach stated programs▼ -4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$19.8M
FY2024▼ -3%
Expenses
$19.9M
FY2024▼ -3%
Total assets
$10.2M
FY2024▲ +41%
Total liabilities
$9.4M
FY2024▲ +48%
Total revenue
$19.8M
Pt VIII · Ln 12
Total expenses
$19.9M
Pt IX · Ln 25
Net assets
$827K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$53K
Total assetsPt X · Ln 16$10.2M
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 331
Independent voting membersPt I · Ln 428

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCareersource Florida INC
EINHdr · item D59-3659026
Principal addressHdr · item CTallahassee, FL
WebsiteHdr · item Jcareersourceflorida.com
Year of formationHdr · item L2000
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J20)
Ruling yearIRS BMFMar 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a31
Independent voting membersPt VI · Ln 1b28
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$214,766Pt VII · Sec A
$171,360Pt VII · Sec A
CFO (until 12/24)
$131,189Pt VII · Sec A
VP, Ext Aff. & Strat. Init.
$126,573Pt VII · Sec A
Mis Director
$112,311Pt VII · Sec A
SR Dir, Wf Prog Dev (until 5/25)
$111,582Pt VII · Sec A
Program Manager
$102,711Pt VII · Sec A
$0Pt VII · Sec A

Adrienne Johnston’s $215K as CEO is at the 42nd percentile of top reported officer pay among 414 $10–100M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Michelle R Dennard$89,398$216,947$233,708$214,360$186,833
Andrew Collins$223,024$202,958$202,958$194,569$168,458
Adrienne Johnston$214,766$158,276
Jason McCandless$171,360$35,021
Andra Cornelius$147,857$141,774$143,328
Adriane Grant$121,474$143,421$140,962$136,760$122,709
Dan McGrew$131,525$126,503$122,811
Walter Copeland$131,189

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $15.3M of program spending, described in the organization's own filed words · FY2024.
01

Contracts executed by careersource florida, inc. For services provided by vendors to support state-level initiatives.

$7.6Mprogram expense
02

The quick response training program funded with state dollars, provides customized training to new value added businesses located in florida and to existing or expanding businesses that meet the state's economic goals.

$6.6Mprogram expense
03

The incumbent worker training program provides grant funds to florida companies for skills upgrade training of currently employed workers in an effort to keep the company and workers competitive. The program is funded with federal workforce innovation and opporunity act (wioa) dollars.

$1.2Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$19.8M
Investment income$20
— government grantsLn 1e$19.7M
Total revenueLn 12$19.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$15.3M
Management & general23%$4.5M
Total functional expensesLn 25$19.9M

Balance Sheet

Part X · end of year
CashLn 1$7.6M
Total assetsLn 16$10.2M
Total liabilitiesLn 26$9.4M
Total net assetsLn 32$827K
Months of cash on handcomputed4.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $7.6M · Operating expenses/yr $19.9M
4.6 months
Where the money goes
Program services
Program services $15.3M · Total expenses $19.9M
77%
Management & General
Management & general $4.5M · Total expenses $19.9M
23%
Fundraising
Fundraising $0 · Total expenses $19.9M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $67K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $19.8M · Total revenue $19.8M
100%
Government reliance
Government grants $19.7M · Total revenue $19.8M
99%
Earned-income share
Program service revenue $0 · Total revenue $19.8M
0%
Investment reliance
Investment income $20 · Total revenue $19.8M
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $19.9M
0%
Growth & trend
Revenue growth (YoY)
This year $19.8M · Prior year $20.5M
-3%
Revenue CAGR
FY2019 $16.3M · FY2024 $19.8M
+4%
Net-asset trend (YoY)
End of year $827K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $19.8M · Expenses $19.9M
-0.3%
Liabilities-to-Assets
Total liabilities — · Total assets $10.2M
Net-asset ratio
Net assets $827K · Total assets $10.2M
8%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $10.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Adrienne Johnston · Reported title CEO · Highest reported compensation $215K · Total expenses $19.9M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.2M · Total expenses $19.9M
16%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 23%
Revenue growth -3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$25K
Grants paid · 506 grants · $46.1M · 2019–2024
Power Design INCFY2024$757,050
Eastern Shipbuilding Group INCFY2024$750,000
Welldynerx LLCFY2024$558,600
Haeco Airframe Services LLCFY2024$544,915
Herc Rentals INCFY2024$456,400
Kaseya Uss LLCFY2024$449,295
Berkowitz Pollock Brant Advisors & AccountantsFY2024$405,278
Vt Mobile Aerospace Engineering INCFY2024$348,600
Keith and Associates INCFY2024$297,000
Kelley Kronenberg PAFY2024$270,000
Xtreme Aviation LLCFY2024$243,000
Hntb CorporationFY2024$211,500
Good Greek Moving and StorageFY2024$193,500
Complete Turbine Services LLCFY2024$168,000
Bankers Healthcare GroupFY2024$158,500
West Marine Products INCFY2024$136,800
Hancock Askew & Co LLPFY2024$124,950
Adventhealth OrlandoFL · FY2024$115,116
See all 506 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$20.5M revenue · ⤓ 990 PDF
FY2023$16.5M revenue · ⤓ 990 PDF
FY2022$13.5M revenue · ⤓ 990 PDF
FY2021$20.1M revenue · ⤓ 990 PDF
FY2020$16.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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