Florida Achievement Support Trust

Tax-deductible

Coral Gables, FL501(c)(3)Since 2022Youth DevelopmentEIN 88-2588991Revenue $18.4M in FY2024

On file with the IRS901 Ponce De Leon Blvd Ste 700, 33134-3070 · Coral Gables, FLTax-exempt since Sep 2022Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 25 volunteers and 48 employees.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $1.6M a year · 17% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$400K
to officers and key staff · 3% of spending
Top officer’s pay higher than 87% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $5.8M
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$148K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$18.4M
+154% vs prior year
Spent
$14.9M
To programs
91%
Net assets
$4.9M
By yearFY2022–FY2024
Revenue
$18.4M
FY2024▲ +154%
Tap a bar for its year
Revenue by fiscal year
FY2022$3.0M
FY2023$7.3M
FY2024$18.4M
Expenses
$14.9M
FY2024▲ +82%
Tap a bar for its year
Expenses by fiscal year
FY2022$599K
FY2023$8.2M
FY2024$14.9M
Net assets
$4.9M
FY2024▲ +239%
Tap a bar for its year
Net assets by fiscal year
FY2022$2.4M
FY2023$1.5M
FY2024$4.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2022.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $13.7M Management & general 9% · $1.3M

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

5 people listed on the 990; $400K paid to officers and key staff.

Part VII, Section A · reportable compensation
$400,000Pt VII · Sec A
Chairman & Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Nathaniel Barbera’s $400K as CEO is at the 87th percentile of top reported officer pay among 189 $10–100M youth development 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022
Nathaniel Barbera$400,000$300,000$112,088

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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Florida Achievement Support Trust is a youth development nonprofit based in Coral Gables, FL, formed in 2022.

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Provided by the organization

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1 program · $13.7M · in their own filed words · FY2024
01

Florida achievement support trust began operations in the summer of 2022. In 2024, florida achievement support trust worked with and promoted 16 different charitable organizations through over 2,000 hours of service work and thousands of social media posts.

$13.7Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 9 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$18.4M
Ln 12
Gifts and grantsLn 1h$18.4M
Investment incomeLn 3$61K
Money outPt IX
$14.9M
Ln 25
Programscol B$13.7M
Managementcol C$1.3M
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$697K
Total assetsLn 16$5.1M
LiabilitiesLn 26$148K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18.4M
Investment incomeLn 3$61K
Gains on assetsLn 7$28K
Total revenueLn 12$18.4M
Assets in detailPt X, end of year
CashLn 1$697K
Cash and savings togetherLn 1–2$697K
InvestmentsLn 11–13$73K
Land, buildings, equipmentLn 10c$11K
Total assetsLn 16$5.1M
LiabilitiesLn 26$148K
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 548
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.2M$697K
InvestmentsLn 11–13$6K$73K
Land, buildings, equipmentLn 10c$13K$11K
Total assetsLn 16$1.6M$5.1M
LiabilitiesLn 26$112K$148K
Net assetsLn 32$1.5M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$400K$400K
Other salaries and wagesLn 7$689K$689K
Payroll taxesLn 10$74K$74K
Other fees for servicesLn 11g$66K$66K
Advertising and promotionLn 12$1.1M$1.1M
Office expensesLn 13$97K$12K$85K
TravelLn 17$530K$530K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$55K$55K
Other expenses (24a–d)Ln 24$12.0M$11.9M$61K
Total functional expensesLn 25$14.9M$13.7M$1.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $18.4M$14.9M$3.5M$4.9M 990 PDF
FY2023 $7.3M$8.2M−$974K$1.5M 990 PDF
FY2022 $3.0M$599K$2.4M$2.4M 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
See the full FY2024 990 (6 parts)
Part I · Summary $18,422,036 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,224,232$18,361,068
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $29,703$60,968
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $7,253,935$18,422,036
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,939,023$1,162,703
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,288,447$13,776,610
I-18 Total expensesPrior year $8,227,470$14,939,313
I-19 Revenue less expensesPrior year −$973,535$3,482,723
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $18,422,036 across 5 lines filed
VIII-1f All other contributions, gifts and grants$18,361,068
VIII-1h Total contributions, gifts and grants$18,361,068
VIII-3 Investment incomeExcluded from tax $32,977$32,977
VIII-7 Net gain or loss on sales of assetsExcluded from tax $27,991$27,991
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $60,968$18,422,036
Part IX · Statement of functional expenses $14,939,313 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $400,000$400,000
IX-7 Other salaries and wagesPrograms $688,770$688,770
IX-10 Payroll taxesPrograms $73,933$73,933
IX-11g Other fees for servicesPrograms $65,819$65,819
IX-12 Advertising and promotionManagement $1,073,805$1,073,805
IX-13 Office expensesPrograms $12,302 · Management $85,150$97,452
IX-17 TravelPrograms $529,574$529,574
IX-22 Depreciation, depletion and amortizationManagement $2,011$2,011
IX-23 InsuranceManagement $54,508$54,508
IX-24 Other expenses (24a–d)Programs $11,892,029 · Management $61,412$11,953,441
IX-25 Total functional expensesPrograms $13,662,427 · Management $1,276,886 · Fundraising $0$14,939,313
Part X · Balance sheet $5,089,526 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,169,176$697,202
X-4 Accounts receivableStart of year $359,367$4,286,826
X-9 Prepaid expenses and deferred chargesStart of year $23,789$20,957
X-10c Land, buildings and equipment, netStart of year $13,258$11,247
X-11 Publicly traded securitiesStart of year $5,635$73,294
X-16 Total assetsStart of year $1,571,225$5,089,526
X-17 Accounts payable and accrued expensesStart of year $61,652$137,290
X-25 Other liabilitiesStart of year $37,400$2,033
X-26 Total liabilitiesStart of year $111,958$147,536
X-27 Net assets without donor restrictionsStart of year $1,177,560$1,847,627
X-28 Net assets with donor restrictionsStart of year $281,707$3,094,363
X-32 Total net assets or fund balancesStart of year $1,459,267$4,941,990
X-33 Total liabilities and net assetsStart of year $1,571,225$5,089,526
Part XI · Reconciliation of net assets $4,941,990 net assets at year end
XI-1 Total revenue$18,422,036
XI-2 Total expenses$14,939,313
XI-3 Revenue less expenses$3,482,723
XI-4 Net assets at start of year$1,459,267
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,941,990

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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