Economic Improvement Fund

Tallahassee, FLUnknown exempt organization EIN 85-0548256Revenue $1.1M in FY2021

On file with the IRS115 E Park Ave Suite 1 · Tallahassee, FL

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Issue advocacy

99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $771K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-17% vs prior year
Spent
$1.4M
To programs
99%
Net assets
$0
By yearFY2020–FY2021
Revenue
$1.1M
FY2021▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.1M
Expenses
$1.4M
FY2021▲ +57%
Tap a bar for its year
Expenses by fiscal year
FY2020$903K
FY2021$1.4M
Net assets
$0
FY2021▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$363K
FY2021$0

From the FY2021 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $1.4M Management & general 1% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See Economic Improvement Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Economic Improvement Fund is a nonprofit organization based in Tallahassee, FL.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2021
01

Issue advocacy

$1.4Mprogram expense

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 · FY2020
Total grants receivedfrom 1 funder$771K
Grants paid · 8 grants · $1.6M · 2020–2021
Serious ConservativesFL · FY2021$1,134,329
Taxpayers for Term Limits PCFY2020$176,624
Florida Stronger INCFL · FY2020$100,000
Trump Team 2020 PCFY2020$73,500
Citizens for Principled LeadeFY2020$41,000
Florida First Initiative INCFY2020$35,000
United Conservatives for FlorFY2020$25,000
Citizens Speaking Out CommittFY2020$19,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Money outPt IX
$1.4M
Ln 25
Programscol B$1.4M
Managementcol C$8K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Gains on assetsLn 7$0
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$363K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$363K$0
LiabilitiesLn 26$0$0
Net assetsLn 32$363K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$237K$237K
Advertising and promotionLn 12$35K$35K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$1K$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$5$5
All other expensesLn 24e$0
Total functional expensesLn 25$1.4M$1.4M$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $1.1M$1.4M−$363K$0 990 PDF
FY2020 $1.3M$903K$363K$363K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,054,277 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,266,414$1,054,277
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,266,414$1,054,277
I-13 Grants and similar amounts paidPrior year $471,124$1,136,329
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $431,896$281,342
I-18 Total expensesPrior year $903,020$1,417,671
I-19 Revenue less expensesPrior year $363,394−$363,394
Part VI · Governance 1 of 1 board members independent, 1 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,054,277 across 9 lines filed
VIII-1d Related organizations$275,084
VIII-1f All other contributions, gifts and grants$779,193
VIII-1h Total contributions, gifts and grants$1,054,277
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$1,054,277
Part IX · Statement of functional expenses $1,417,671 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $1,136,329$1,136,329
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $7,790$7,790
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $236,840$236,840
IX-12 Advertising and promotionPrograms $35,480$35,480
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $1,227$1,227
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $5$5
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,409,876 · Management $7,795 · Fundraising $0$1,417,671
Part X · Balance sheet $0 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $363,394$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $363,394$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $363,394$0
X-33 Total liabilities and net assetsStart of year $363,394$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$1,054,277
XI-2 Total expenses$1,417,671
XI-3 Revenue less expenses−$363,394
XI-4 Net assets at start of year$363,394
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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