Flvs Foundation INC FY2021 filing

Supporting organization Orlando, FL Since 2010 EIN 80-0617347 NTEE B12
Revenue
$42K
FY2021 · Pt VIII · Ln 12
Expenses
$89K
FY2021 · Pt IX · Ln 25
Net assets
$54K
FY2021 · Pt X · Ln 32
To programs
62%
FY2021 · Pt IX · col B
Revenue & expenses by yearFY2021–FY2024
Revenue
$42K
FY2021
Expenses
$89K
FY2021

Provides access to Florida Virtual School education.

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Tax-deductible?
Yes
Per the IRS master file. Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — The Consortium of Florida Education Foundations INC
$83K in the latest grant year. Details →
Spent on programs?
62% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
$100K–1M

Form 990 for the fiscal year ending June 2021 (IRS tax year 2020).


Provides access to Florida Virtual School education.

Founded
2010
Type
Supporting organization · Education
Location
Orlando, FL
Website
www.flvsfoundation.org
Filings
4 on file (2021–2021)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Where the money goes · FY2021
Where spending went · Part IX cols B–D
Program services $0.62 Management & general $0.38
Net inflow
-114%
revenue over expenses, this year
Pass-through gifts
100%
of revenue from contributions
Program spending
62%
of expenses reach stated programs

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$63K
FY2021
Total liabilities
$9K
FY2021
Revenue less expensesPt I · Ln 19−$47K
Total assetsPt X · Ln 16$63K
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CFlvs Foundation INC
EINHdr · item D80-0617347
Principal addressHdr · item COrlando, FL
WebsiteHdr · item Jwww.flvsfoundation.org
Year of formationHdr · item L2010
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B12)
Ruling yearIRS BMFFeb 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Flvs Foundation INC executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $55K of program spending, described in the organization's own filed words · FY2020.
01

The foundation directed resources to focus on access to technology through laptop for learners program, scholarships, supporting student clubs, and professional development for teachers and staff.

$55Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$42K
Total revenueLn 12$42K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.38
Program services62%$55K
Management & general38%$34K
Total functional expensesLn 25$89K

Balance Sheet

Part X · end of year
CashLn 1$63K
Total assetsLn 16$63K
Total liabilitiesLn 26$9K
Total net assetsLn 32$54K
Months of cash on handcomputed8.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $63K · Operating expenses/yr $89K
8.5 months
Where the money goes
Program services
Program services $55K · Total expenses $89K
62%
Management & General
Management & general $34K · Total expenses $89K
38%
Fundraising
Fundraising $0 · Total expenses $89K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $42K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $42K · Total revenue $42K
100%
Government reliance
Government grants — · Total revenue $42K
—
Earned-income share
Program service revenue $0 · Total revenue $42K
0%
Investment reliance
Investment income $0 · Total revenue $42K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $89K
0%
Growth & trend
Revenue growth (YoY)
This year $42K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $54K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $42K · Expenses $89K
-114%
Liabilities-to-Assets
Total liabilities — · Total assets $63K
—
Net-asset ratio
Net assets $54K · Total assets $63K
86%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $63K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kip Beacham · Reported title CHAIR · Highest reported compensation $0 · Total expenses $89K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $89K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 62%——
Overhead ratio 38%——
Fundraising cost ratio 0%——
Legal fee ratio 26%——

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 · FY2024
Total grants receivedfrom 1 funder$83K
Grants paid · 10 grants · $66K · 2021–2024
Unitemized GrantFY2024$4,000
Unitemized GrantFY2024$3,056
Florida Virtual SchoolFY2023$7,090
Unitemized GrantFY2023$5,619
Unitemized GrantFY2023$4,000
Unitemized GrantFY2022$11,036
Florida Virtual SchoolFY2022$10,816
Unitemized GrantFY2022$4,082
Unitemized GrantFY2021$11,568
Unitemized GrantFY2021$5,073

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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$38K revenue · ⤓ 990 PDF
FY2023$164K revenue · ⤓ 990 PDF
FY2022$99K revenue · ⤓ 990 PDF
FY2021$42K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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