Flvs Foundation INC FY2023 filing

Orlando, FL · Supporting organization · Since 2010 · Education

✓ Tax-deductible
Revenue
$164K
+65% vs prior year
Spent
$110K
To programs
79%
Net assets
$107K
By yearFY2021–FY2024
Revenue
$164K
FY2023▲ +65%
Revenue by fiscal year
FY2021$42K
FY2022$99K
FY2023$164K
FY2024$38K
FY2024$175K
Expenses
$110K
FY2023▲ +11%
Expenses by fiscal year
FY2021$89K
FY2022$100K
FY2023$110K
FY2024$82K
FY2024$213K
Net assets
$107K
FY2023▲ +99%
Net assets by fiscal year
FY2021$54K
FY2022$53K
FY2023$107K
FY2024$63K
FY2024$26K

From the FY2023 Form 990 (year ending June 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CFlvs Foundation INC
EINHdr · item D80-0617347
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 2012
Year of formationHdr · item L2010
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item COrlando, FL
NTEE classificationIRS BMFEducation (B12)
WebsiteHdr · item Jwww.flvsfoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$87K
Management & general21%$23K
Total functional expensesLn 25$110K

Financial health

Is it on solid ground?

Net inflow
+33%
revenue over expenses, this year
Pass-through gifts
107%
of revenue from contributions
Program spending
79%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$112K
FY2023▲ +67%
Total assets by fiscal year
FY2021$63K
FY2022$67K
FY2023$112K
FY2024$75K
FY2024$26K
Total liabilities
$5K
FY2023▼ -62%
Total liabilities by fiscal year
FY2021$9K
FY2022$13K
FY2023$5K
FY2024$11K
FY2024$256
Revenue less expensesPt I · Ln 19$53K
Total assetsPt X · Ln 16$112K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$101K
Total assetsLn 16$112K
Total liabilitiesLn 26$5K
Total net assetsLn 32$107K
Months of cash on handcomputed11.0

Statement of Revenue

Part VIII
Contributions & grants107%$174K
Total revenueLn 12$164K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $101K · Operating expenses/yr $110K
11.0 months
Where the money goes
Program services
Program services $87K · Total expenses $110K
79%
Management & General
Management & general $23K · Total expenses $110K
21%
Fundraising
Fundraising $0 · Total expenses $110K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $105K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $174K · Total revenue $164K
107%
Government reliance
Government grants — · Total revenue $164K
—
Earned-income share
Program service revenue $0 · Total revenue $164K
0%
Investment reliance
Investment income $0 · Total revenue $164K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $110K
0%
Growth & trend
Revenue growth (YoY)
This year $164K · Prior year $99K
+65%
Net-asset trend (YoY)
End of year $107K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $164K · Expenses $110K
+33%
Liabilities-to-Assets
Total liabilities — · Total assets $112K
—
Net-asset ratio
Net assets $107K · Total assets $112K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $112K
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 $110K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $110K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%——
Overhead ratio 21%——
Fundraising cost ratio 0%——
Revenue growth 65%——
Legal fee ratio 6%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Flvs Foundation INC executive salaries →

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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides access to Florida Virtual School education.

Provided by the organization

This section is blank until Flvs Foundation INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $87K of program spending, described in the organization's own filed words · FY2022.
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.

$87Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $38K$82K-77% 990 PDF
FY2023 Viewing $164K$110K+65% 990 PDF
FY2022 $99K$100K+139% 990 PDF
FY2021 $42K$89K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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