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        <ExplanationTxt>THE FOUNDATION RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE IN JANUARY 2023 GRANTING IT AN EXEMPTION FROM FEDERAL INCOME TAX UNDER IRS, SECTION 501(C)(3), AND AS SUCH, IS LIABLE FOR INCOME TAXES ONLY ON BUSINESS INCOME UNRELATED TO THE PURPOSE FOR WHICH IT IS EXEMPT. THE STATUS WAS EFFECTIVE IN FEBRUARY 2020. THE FOUNDATION HAD NO SIGNIFICANT UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2023. THERE ARE CURRENTLY NO INTERNAL REVENUE SERVICE AUDITS IN PROGRESS FOR ANY TAX PERIODS.</ExplanationTxt>
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        <ExplanationTxt>THE BOARD OF THE FLORIDA FOUNDATION FOR CORRECTIONAL EXCELLENCE IS APPOINTED BY THE SECRETARY OF THE FLORIDA DEPARTMENT OF CORRECTIONS.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.</ExplanationTxt>
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