Nonprofit · EIN 59-2515700
FLORIDA FIRST CAPITAL FINANCE CORPORATION INC
Tax-exempt · TALLAHASSEE, FL 32315
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $22,560,040 | $11,895,255 | $10,664,785 | $511,827,857 | $480,498,149 | $31,329,708 |
| December 31, 2023 | 990 | $16,312,130 | $10,688,845 | $5,623,285 | $332,102,710 | $311,437,787 | $20,664,923 |
| December 31, 2022 | 990 | $12,823,592 | $10,470,446 | $2,353,146 | $326,808,771 | $311,767,131 | $15,041,640 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $21,686,747
- Investment income
- $873,293
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $106,014
- Compensation of officers, directors and key employees
- $882,418
- Other salaries and wages
- $6,856,237
- Salaries, compensation and benefits (total)
- $10,293,264
- Professional fundraising fees
- $0
- Legal fees
- $971
- Accounting fees
- $17,792
- Occupancy
- $133,538
- Travel
- $15,081
- Depreciation
- $72,446
- Program services (functional)
- $11,012,837
- Management and general (functional)
- $882,418
Balance sheet and other
- Total assets, start of year
- $332,102,710
- Total assets, end of year
- $511,827,857
- Total liabilities, end of year
- $480,498,149
- Net assets, end of year
- $31,329,708
- Land, buildings and equipment
- $1,606,435
- Net assets without donor restrictions
- $31,329,708
- Gross receipts
- $22,560,040
- Employees
- 65
- Volunteers
- 18
- Year formed
- 1983
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TODD G KOCOUREK | PRESIDENT & CEO Officer | 40 | $794,754 | $87,664 |
| SCOTT RADWAY | BDO Highest-paid employee | 40 | $492,359 | $63,875 |
| KRISTEN TACKETT | BDO Highest-paid employee | 40 | $327,520 | $62,891 |
| ALEJANDRO BUITRAGO | BDO Highest-paid employee | 40 | $308,872 | $63,800 |
| JOHN HANRAHAN | BDO Highest-paid employee | 40 | $300,507 | $53,534 |
| MARK E KRUSE | EXECUTIVE VP & GENERAL COU Highest-paid employee | 40 | $269,602 | $65,914 |
| GARY BLISS | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| JAMES DEGENNARO | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| GREGORY HOBBS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| FAUSTO GOMEZ | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| LESTER ABBERGER | TREASURER Officer | 4 | $0 | $0 |
| T KEITH BOWERS | SECRETARY Officer | 4 | $0 | $0 |
| MALCOLM RIDDELL | CHAIRMAN Officer | 5 | $0 | $0 |
| JACQUELINE SOUSA | VICE CHAIR Officer | 3 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TODD G KOCOUREK | PRESIDENT & CEO Officer | 40 | $663,123 | $75,001 |
| SCOTT RADWAY | BDO Highest-paid employee | 40 | $506,629 | $57,098 |
| ALEJANDRO BUITRAGO | BDO Highest-paid employee | 40 | $397,156 | $56,952 |
| KRISTEN TACKETT | BDO Highest-paid employee | 40 | $258,065 | $55,214 |
| MARK E KRUSE | EXECUTIVE VP & GENERAL COUNSEL Highest-paid employee | 40 | $271,954 | $40,112 |
| JOHN HANRAHAN | BDO Highest-paid employee | 40 | $216,148 | $58,211 |
| GARY BLISS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JAMES DEGENNARO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| GREGORY HOBBS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| FAUSTO GOMEZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| LESTER ABBERGER | TREASURER Officer | 8 | $0 | $0 |
| T KEITH BOWERS | SECRETARY Officer | 8 | $0 | $0 |
| MALCOLM RIDDELL | CHAIRMAN Officer | 4 | $0 | $0 |
| JACQUELINE SOUSA | VICE CHAIR Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2022: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TODD G KOCOUREK | PRESIDENT & CEO Officer | 40 | $632,762 | $89,806 |
| SCOTT RADWAY | BDO Highest-paid employee | 40 | $522,507 | $66,834 |
| KRISTEN TACKETT | BDO Highest-paid employee | 40 | $386,667 | $66,145 |
| ALEJANDRO BUITRAGO | BDO Highest-paid employee | 40 | $283,987 | $63,391 |
| JOHN HANRAHAN | BDO Highest-paid employee | 40 | $292,284 | $54,931 |
| DEBORAH PETRELL | SALES MANAGER Highest-paid employee | 40 | $220,000 | $55,058 |
| LESTER ABBERGER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| GARY BLISS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JAMES DEGENNARO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| T KEITH BOWERS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| GREGORY HOBBS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| FAUSTO GOMEZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| J STEPHEN FANCHER | VICE CHAIRMAN Officer | 2 | $0 | $0 |
| MALCOLM RIDDELL | CHAIRMAN Officer | 4 | $0 | $0 |
| JACQUELINE SOUSA | SECRETARY/TREASURER Officer | 8 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 4166, TALLAHASSEE, FL 32315-4166
- Principal officer (990 for 2024)
- TODD G KOCOUREK, PO BOX 4166, TALLAHASSEE, FL 32315
- Signed the 990
- TODD G KOCOUREK, PRESIDENT AND CEO
- Phone
- (850) 681-3601
- Website
- WWW.FFCFC.ORG
- Return prepared by
- CRI ADVISORS LLC
Mission
PROVIDING ECONOMIC DEVELOPMENT ASSISTANCE AND ASSURING ACCESS TO CAPITAL FOR THE SMALL BUSINESS COMMUNITY IN ITS AREA OF OPERATIONS THROUGH LOAN PACKAGING, CLOSING, AND ADMINISTRATION UNDER FEDERAL, STATE AND LOCAL LOAN PROGRAMS. IN ADDITION TO ORDINARY LOAN PROGRAMS, THE ORGANIZATION DELIVERS AND ADMINISTERS FUNDS UNDER VARIOUS STATE EMERGENCY LOAN PROGRAMS FOR DISASTER-AFFECTED SMALL BUSINESSES.
Program accomplishments
- THE ORGANIZATION IS DEDICATED TO INSURING THAT SMALL BUSINESSES IN ITS AREA OF OPERATIONS MAINTAIN ADEQUATE ACCESS TO THE CAPITAL THEY REQUIRE TO GROW, PROSPER AND INCREASE EMPLOYMENT AND ECONOMIC ACTIVITY IN THE COMMUNITIES IN WHICH THEY OPERATE. THE ORGANIZATION IS AUTHORIZED TO ADMINISTER THE SMALL BUSINESS ADMINISTRATION 504 LOAN PROGRAM, WHICH IS DESIGNED TO PROVIDE ECONOMIC ASSISTANCE TO SMALL BUSINESSES, LOANS FROM THE FLORIDA RECYCLING DEVELOPMENT FUND, WHICH PROVIDES LOANS TO SMALL BUSINESSES AT COMPETITIVE INTEREST RATES TO ACQUIRE OR CONVERT RECYCLING EQUIPMENT AND/OR FUND RESEARCH AND DEVELOPMENT OF RECYCLING PROCESSES, AND LOAN PROGRAMS NECESSITATED BY VARIOUS DISASTERS THROUGHOUT THE STATE.Expenses $11,012,837 · grants $106,014 · revenue $21,686,747
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-2515700
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $511,827,857
- Income (IRS master file)
- $22,560,040
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $22,560,040 | $11,895,255 | $511,827,857 | IRS |
| 990 | December 2023 | $16,312,130 | $10,688,845 | $332,102,710 | IRS |
| 990 | December 2022 | $12,823,592 | $10,470,446 | $326,808,771 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-2515700).
Questions about FLORIDA FIRST CAPITAL FINANCE CORPORATION INC
- What is the EIN of FLORIDA FIRST CAPITAL FINANCE CORPORATION INC?
- The employer identification number (EIN) of FLORIDA FIRST CAPITAL FINANCE CORPORATION INC is 59-2515700.
- Is FLORIDA FIRST CAPITAL FINANCE CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1985.
- Are donations to FLORIDA FIRST CAPITAL FINANCE CORPORATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FLORIDA FIRST CAPITAL FINANCE CORPORATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FLORIDA FIRST CAPITAL FINANCE CORPORATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FLORIDA FIRST CAPITAL FINANCE CORPORATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FLORIDA FIRST CAPITAL FINANCE CORPORATION INC?
- The 990 for the year ended December 31, 2024 names TODD G KOCOUREK.
- Who are the officers and directors of FLORIDA FIRST CAPITAL FINANCE CORPORATION INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 6 received compensation from the organization, the highest $794,754 (TODD G KOCOUREK, PRESIDENT & CEO).
- How much revenue does FLORIDA FIRST CAPITAL FINANCE CORPORATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $22,560,040, expenses of $11,895,255 and total assets of $511,827,857 at year end.
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