2025-05-13T13:31:31-05:00 2023-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 300 S ORANGE AVENUE STE 1000 ORLANDO FL 32801 990 2022-07-01 412262408 FLORIDA OPPORTUNITY FUND INC FLOR 4079565600 800 N MAGNOLIA AVE 1100 ORLANDO FL 32803 ROBERT HARVEY PRESIDENT 4079565600 2025-05-13 1 1 MELANIE MCPEAK P01346034 4074237911 2022 2025-03-06 01:10:19Z ROBERT HARVEY 800 N MAGNOLIA AVE 1100 ORLANDO FL 32803 42593556 0 X WWW.FLORIDAOPPORTUNITYFUND.COM X 2007 FL 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. 4 4 0 4 0 0 0 30000000 197185 1623643 3132054 1725749 0 0 3329239 33349392 0 5500 0 0 0 0 0 0 0 723070 2863832 723070 2869332 2606169 30480060 103018563 129288350 1100345 1363085 101918218 127925265 X 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. 1 0 2733071 5500 1557892 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. 65751 THE ECP PROGRAM IS DESIGNED TO CREATE NEW BUSINESSES AND JOBS IN FLORIDA AND FURTHER DIVERSIFY THE ECONOMY OF THE STATE OF FLORIDA BY MAKING DIRECT EQUITY OR CONVERTIBLE DEBT INVESTMENTS IN FLORIDA BUSINESSES. 2733071 1 1 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X LORNA DUSTI 4079565637 800 N MAGNOLIA AVE STE 1100 ORLANDO FL 32803 X AJ RIPIN CHAIRMAN 1.00 0.00 X X 0 0 0 SUSAN AMAT DIRECTOR 1.00 0.00 X 0 0 0 TOMI LAROSSI DIRECTOR 1.00 0.00 X 0 0 0 GARRETT JOHNSON DIRECTOR 1.00 0.00 X 0 0 0 DANIEL SCHWARTZ CHAIRMAN UNTIL 11/30/22 1.00 0.00 X X 0 0 0 MARC ADLER PRESIDENT UNTIL 8/25/22 5.00 35.00 X 0 106653 4663 DAVID ROGERS VICE PRESIDENT UNTIL 8/25/22 5.00 35.00 X 0 120478 6489 LORNA DUSTI SECRETARY 5.00 35.00 X 0 64924 11416 DAISY DOVALE TREASURER UNTIL 6/1/23 5.00 35.00 X 0 126909 24524 MERDITH PELTON EXECUTIVE DIR UNTIL 8/12/22 40.00 0.00 X 0 70690 3082 0 489654 50174 0 0 1 0 DEEPWORK CAPITAL 1000 LEGION PLACE SUITE 830 ORLANDO FL 32801 INVESTMENT MANAGEMENT 872904 SHUTTS & BOWEN LLP 300 SOUTH ORANGE AVENUE STE 1600 ORLANDO FL 32801 LEGAL 349367 ENTERPRISE FLORIDA 800 N MAGNOLIA AVE STE 1100 ORLANDO FL 32803 MANAGEMENT 130494 3 30000000 30000000 PROGRAM RELATED INTEREST INCOME 525990 1623643 1623643 1623643 10969913 9244164 1725749 1725749 1725749 33349392 1623643 0 1725749 5500 5500 130494 130494 549761 549761 36510 36510 1903153 1903153 52000 52000 38603 32836 5767 6619 6619 61119 61119 SHARED SERVICES 85573 85573 2869332 2733071 136261 0 63211805 79034834 3701890 3143389 14630418 12325681 19731668 34442215 1742782 342231 103018563 129288350 573399 654037 526946 709048 1100345 1363085 X 35518707 39403533 66399511 88521732 101918218 127925265 103018563 129288350 30480060 -4473085 72 0 X 0 1 X 1 1 1 X 30000000 30000000 30000000 30000000 30000000 188864 283731 472595 776314 776314 31248909 2981905 0.96000 0.80340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 FUND OF FUND INVESTMENTS 12325681 F 12325681 CLEAN ENERGY INVESTMENTS 8372398 F VENTURE CAPITAL INVESTMENTS 20984153 F VENTURE CAPITAL PA II 3335667 F EQUITY CAPITAL 1749997 F 34442215 DUE TO RELATED NONPROFIT ORGANIZATIONS 357957 DUE TO FOF PA II 351091 709048 X PART X, LINE 2: FOF'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO FOF, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2023 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT IN FOREIGN PARTNERSHIP 1365806 0 0 0 0 0 0 1365806 0 1365806 1 0 1 1 1 0 PART III ACCOUNTING METHOD: PART I, LINE 3, COLUMN F: THE AMOUNT REPORTED FOR INVESTMENTS REPRESENTS THEIR FMV AT THE END OF THE YEAR. 0 0 0 0 0 0 0 0 0 DAISY DOVALE TREASURER UNTIL 6/1/23 0 126909 0 0 0 0 0 14589 0 9935 0 151433 0 0 FORM 990, PART III, LINE 2 THE EQUITY CAPITAL PROGRAM WAS NEW FOR FISCAL YEAR ENDING 6/30/2023 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, PRINCIPAL OFFICERS, AND MEMBERS OF COMMITTEES WITH POWERS DELEGATED BY THE BOARD (INTERESTED PERSONS) ARE REQUIRED TO DISCLOSE THE EXISTENCE OF ANY CONFLICT OF INTEREST TO THE BOARD AND COMMITTEES CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. IN THE ABSENCE OF THE INTERESTED PERSON, THE BOARD AND/OR COMMITTEE DETERMINES IF A CONFLICT EXISTS BY DISCUSSION AND VOTE. INTERESTED PERSONS ANNUALLY SIGN STATEMENTS WHICH AFFIRM SUCH PERSONS HAVE READ AND UNDERSTOOD THE CONFLICT OF INTEREST POLICY AND HAVE AGREED TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 ALL COMPENSATION IS PAID BY A RELATED TAX-EXEMPT ORGANIZATION, ENTERPRISE FLORIDA, INC. ENTERPRISE FLORIDA, INC. HAS THESE PROCESSES IN PLACE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES, AND ALL REPORTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A, LINE 1A: FLORIDA OPPORTUNITY FUND, INC. DOES NOT PAY ANY DIRECT SALARIES. THE AMOUNTS SHOWN IN PART VII WERE PAID DIRECTLY BY ENTERPRISE FLORIDA, INC. (A RELATED TAX-EXEMPT ORGANIZATION) AND NOT BY FLORIDA OPPORTUNITY FUND, INC. THE AMOUNTS SHOWN ARE THE GROSS AMOUNTS PAID TO THE NAMED INDIVIDUALS FOR THE SERVICES THAT THEY PROVIDE COLLECTIVELY TO ENTERPRISE FLORIDA, INC., FLORIDA OPPORTUNITY FUND, INC., AND FLORIDA SPORTS FOUNDATION INCORPORATED. ENTERPRISE FLORIDA INC 800 N MAGNOLIA AVE STE 1100 ORLANDO FL 32803 593165226 ECONOMIC DEVELOPMENT FOR THE STATE OF FLORIDA FL 501(C)(3) LINE 7 N/A 0 FLORIDA SPORTS FOUNDATION INCORPORATED 800 N MAGNOLIA AVE STE 1100 ORLANDO FL 32803 453113933 PROMOTE AMATEUR SPORTS COMPETITIONS FL 501(C)(3) LINE 7 ENTERPRISE FLORIDA INC 0 PBC NRI CO-INVESTORS LP 525 SOUTH FLAGLER DR STE 201 WEST PALM BEACH FL 33401 821400130 INVESTMENTS FL FLORIDA OPPORTUNITY FUND INVESTMENT -33484 0 0 0.52380 FOF PA II INC 800 N MAGNOLIA AVE STE 1100 ORLANDO FL 32803 460842981 FOF PA II, INC. WAS CREATED TO HOLD UBTI FROM FOF INVESTMENTS. FL FLORIDA OPPORTUNITY FUND INC C 6566208 10543045 1.00000 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0