FLORIDA FUND FOR MINORITY TEACHERS INC Charity Report

Public IRS 990 nonprofit record

FLORIDA FUND FOR MINORITY TEACHERS INC

EIN 59-3391795 · Scholarships & Student Financial Aid (B82)

What they do

Providing Scholarships to Eligbile College Students In The Field of Education In The State of Florida

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders13 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

136.71%of revenue went to mission work100.0% of expenses · Program services

0.21%of revenue went to fundraising0.2% of expenses

$136.71spent for every $100 of revenueSpending was higher than revenue this year.

11.74%of revenue went to management and office costs8.6% of expenses

$0.50in assets for every $1 spent this yearSome assets cannot be spent right away.

98.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $330,678 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$900,686

Mission workProgram services$1,231,364136.71% of revenue100.0% of expenses

ManagementOffice and general costs$105,71111.74% of revenue8.6% of expenses

FundraisingAsking for donations$1,8720.21% of revenue0.2% of expenses

Total expenses$1,231,364136.71% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 100.0% mission · 8.6% management · 0.2% fundraisingTotal expenses: 136.71% of revenue

2021Expense mix: 94.1% mission · 5.3% management · 0.6% fundraisingTotal expenses: 103.18% of revenue

2020Expense mix: 95.5% mission · 4.3% management · 0.2% fundraisingTotal expenses: 103.26% of revenue

2019Expense mix: 94.4% mission · 5.4% management · 0.1% fundraisingTotal expenses: 110.85% of revenue

2018Expense mix: 93.8% mission · 6.1% management · 0.1% fundraisingTotal expenses: 104.43% of revenue

2017Expense mix: 94.7% mission · 5.2% management · 0.1% fundraisingTotal expenses: 96.94% of revenue

2016Expense mix: 94.9% mission · 5.1% management · 0.0% fundraisingTotal expenses: 89.06% of revenue

2015Expense mix: 94.5% mission · 5.5% management · 0.0% fundraisingTotal expenses: 100.60% of revenue

Money in and money out

Revenue$900,686

Expenses$1,231,364

Annual shortfall $330,678 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,231,364 · 100.0% of expenses

Management and office costs$105,711 · 8.6% of expenses

Fundraising$1,872 · 0.2% of expenses

See all reported dollar amounts

Revenue$900,686

Expenses$1,231,364

Assets$611,313

Income$900,686

Contributions$885,860

Mission work (program services)$1,231,364

Fundraising$1,872

Management and general$105,711

Executive compensation (total)$29,952

Accounting fees$1,214

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (13)

CHERYL WILLIAMSINTERIM EXECUTIVE DIRECTOR

DR BENJAMIN COWINSDIRECTOR

DR CHARLES ERVINDIRECTOR

DR DAVID KUMARDIRECTOR

DR EVELYN CARTRIGHTDIRECTOR

DR GLENN GOODCHAIR

DR LINDA HOGANSDIRECTOR

DR PIYUSH AGRAWALDIRECTOR

DR SAMUEL WRIGHTDIRECTOR

DR ULYSEES GILBERT IIVICE-CHAIR

TERI JONESSECRETARY

WILLIAM SPIERSTREASURER

YUL ANDERSONDIRECTOR

About this charity

Recognized since: January 1997
Location: 1908 STADIUM ROAD 334 YON HALL, GAINESVILLE, FL 32611-0001
County: Alachua
In care of: % JONATHAN L HAY
Primary officer: William Spiers, Treasurer

How to reach them

WebsiteVisit the charity’s website Phone(352) 273-4364

Filing and classification

Latest tax year: 2023
Tax period began: July 1, 2023
Return type: 990
Tax preparer: TRACIE LOWE CPA
NTEE classification: Scholarships & Student Financial Aid (B82)
IRS tax category: Scholarships & Student Financial Aid