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Daffy

Florida Opportunity Fund Inc.

Florida Opportunity Fund Inc.

Orlando, FL
Tax ID41-2262408

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By donating on this page you are making an irrevocable contribution to Daffy Charitable Fund, a 501(c)(3) public charity, and a subsequent donation recommendation to the charity listed above, subject to our Member Agreement. Contributions are generally eligible for a charitable tax-deduction and a yearly consolidated receipt will be provided by Daffy. Processing fees may be applied and will reduce the value available to send to the end charity. The recipient organizations have not provided permission for this listing and have not reviewed the content.
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About this organization

Revenue

$8,316,198

Expenses

$3,515,782

Mission

The Florida Opportunity Fund ('FOF or the 'Fund') identifies and invests in a diversified, high-quality portfolio of seed and early stage venture capital funds that targets in whole or in part opportunities within Florida. In addition, the fund seeks to achieve a superior internal rate of return on private equity investments while contributing to Florida's economic developments; foster the creation, retention, and growth of companies in Florida; and encourage the development and growth of a vibrant Florida-based venture capital investment community.

About

The fund increases the availability of seed capital and early stage venture equity capital for emerging companies in the state, including, without limitation, enterprises in life sciences, information technology, advanced manufacturing processes, aviation and aerospace, homeland security and defense, and energy efficient or renewable energy products and technologies, as well as other strategic technologies.

Interesting data from their 2019 990 filing

The non-profit's mission is outlined in the filing as being “The fund was created because the florida legislature found there was a need to increase the availability of seed capital and early stage venture equity capital for emerging companies in the state, including, without limitation, enterprises in life sciences, information technology, advanced manufacturing processes, aviation and aerospace, and homeland security and defense, as well as other strategic technologies.”.

When outlining its responsibilities, they were referred to as: “The florida opportunity fund ("fof or the "fund") identifies and invests in a diversified, high-quality portfolio of seed and early stage venture capital funds that targets in whole or in part opportunities within florida. in addition, the fund seeks to achieve a superior internal rate of return on private equity investments while contributing to florida's economic developments; foster the creation, retention, and growth of companies in florida; and encourage the development and growth of a vibrant florida-based venture capital investment community.”.

  • The state in which the non-profit operates has been officially reported as FL.
  • The filing reveals the non-profit's address in 2019 to be 800 N MAGNOLIA AVE NO 1100, ORLANDO, FL, 32803.
  • As per the non-profit's form for 2019, they have 0 employees on their payroll.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $4,800,416.
  • The organization has 3 independent voting members.
  • The organization was formed in 2007.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.