VACCINE AND GENE THERAPY INSTITUTE OF FLORIDA CORP: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- VACCINE AND GENE THERAPY INSTITUTE OF FLORIDA CORP (EIN 36-4631835)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2011-11-15
- IRS object ID
- 201123199349301712
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-15T08:32:41-06:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALPERN ROSENTHAL | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 440 COLUMBIA DR SUITE 500 | AddressLine1 |
| City | WEST PALM BEACH | City |
| State | FL | State |
| ZIP Code | 334091968 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 364631835 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VACCINE AND GENE THERAPY INSTITUTE | BusinessNameLine1 |
| Business Name Line2 | OF FLORIDA CORP | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | VACC | NameControl |
| Phone | 7723454797 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11350 SW VILLAGE PARKWAY 3RD FLOOR | AddressLine1 |
| City | PORT ST LUCIE | City |
| State | FL | State |
| ZIP Code | 349872352 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | THOMAS MITCHELL | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Phone | 7723454797 | Phone |
| Date Signed | 2011-11-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL S LEONE | Name |
| Phone | 5616897888 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VGTI FL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | THOMAS MITCHELL | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11350 SW VILLAGE PARKWAY 3RD FLOOR | AddressLine1 |
| City | PORT ST LUCIE | City |
| State | FL | State |
| ZIP Code | 349872352 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 11446787 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.VGTIFL.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2008 | YearFormation |
| State Legal Domicile | FL | StateLegalDomicile |
| Activity Or Mission Description | THE MISSION OF THE VACCINE AND GENE THERAPY INSTITUTE OF FLORIDA VGTI-FL IS TO "TRANSLATE RESEARCH INTO HEALTH" BY PROVIDING A BETTER UNDERSTANDING OF THE HUMAN IMMUNE RESPONSE TO PATHOGENS AND CANCERS AND THE PROCESS OF AGEING. VGTI-FL WAS CREATED AS AN INDEPENDENT INSTITUTE IN 2008 AS THE RESULT OF A $60 MILLION GRANT FROM THE STATE OF FLORIDA'S INNOVATION CENTER FUND (OTTED) TO HELP THE EXPANSION OF BIOMEDICAL RESEARCH INITIATIVES IN FLORIDA.VGTI-FL HAS DEVELOPED A STRUCTURE CENTERED AROUND THREE MAJOR DIVISIONS THAT INCLUDE CANCER, INFECTIOUS DISEASES AND AGEING. VGTI-FL DEMARCATES ITSELF FROM OTHER RESEARCH INSTITUTIONS BY ITS FOCUS ON HUMAN DISEASES AND DIRECT CLINICAL RESEARCH. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 5 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 3 | NbrIndependentVotingMembers |
| Total Nbr Employees | 69 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 300308 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 10027000 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 10980365 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 365164 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 140878 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 0 | InvestmentIncomePriorYear |
| Investment Income Current Year | 15201 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 310343 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 10392164 | TotalRevenuePriorYear |
| Total Revenue Current Year | 11446787 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3051098 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 5787087 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 286915 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 5764151 | OtherExpensePriorYear |
| Other Expenses Current Year | 5630573 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 8815249 | TotalExpensesPriorYear |
| Total Expenses Current Year | 11417660 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1576915 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 29127 | RevenuesLessExpensesCY |
| Total Assets BOY | 113503313 | TotalAssetsBOY |
| Total Assets EOY | 111004714 | TotalAssetsEOY |
| Total Liabilities BOY | 103233231 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 110833970 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 10270082 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 170744 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE OVERALL MISSION OF THE VGTI IS TO DEVELOP WORLD-CLASS RESEARCH AND TRAINING PROGRAMS THAT WOULD BE FOCUSED ON ALLEVIATING IMPORTANT HUMAN DISEASES. THE FOUNDING GOAL OF THE VGTI WAS TO ASSEMBLE A MULTIDISCIPLINARY TEAM OF SCIENTISTS TO RESPOND TO THE INCREASINGLY SERIOUS INFECTIOUS DISEASE THREATS FACING THE PEOPLE OF FLORIDA, THE UNITED STATES AND THE WORLD AS A WHOLE, INCLUDING AIDS, CHRONIC VIRAL INFECTION-ASSOCIATED DISEASES, NEWLY EMERGING VIRAL DISEASES, AND INFECTIOUS DISEASES OF THE ELDERLY. CLOSE-KNIT COLLABORATIVE ENVIRONMENT FOR A GROUP OF INDEPENDENT SCIENTISTS WITHIN THESE DISCIPLINES THAT COULD INTERACT ON A DAILY BASIS. THUS, A MAJOR FOUNDING PRINCIPLE OF THE VGTI IS THE EXPECTATION THAT EACH VGTI INVESTIGATOR NOT ONLY ESTABLISHES THEIR OWN VIGOROUS RESEARCH PROGRAM, BUT ALSO DEVOTES A PORTION OF THEIR RESEARCH EFFORT TO COMPREHENSIVE COLLABORATIVE PROGRAMS AIMED AT BRINGING DIVERSE EXPERTISE TO MAJOR CLINICAL PROBLEMS IN INFECTIOUS DISEASE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 9289047 | Expense |
| Revenue | 140878 | Revenue |
| Description | PROGRAM ACTIVITIES INCLUDE:1) RESEARCH TO IDENTIFY IMMUNE DEFECTS IN AND TREATMENTS AS WELL AS DEVELOPMENT OF VACCINE AND THERAPEUTICS FOR EXISTING AND EMERGING INFECTIOUS DISEASES SUCH AS HIV/AIDS, CANCER, WEST NILE VIRUS, FLU, THE HERPES VIRUSES, MALARIA AND TUBERCULOSIS, TAILORED FOR GENERAL, AS WELL AS VULNERABLE, POPULATIONS, INCLUDING THE ELDERLY. 2) ESTABLISHMENT OF CLINICAL TIES WITH LOCAL HOSPITALS FOR CLINICAL STUDIES, ESTABLISH TIES WITH LOCAL UNIVERSITIES FOR GRADUATE AND POST GRADUATE PROGRAMS, SOLIDIFY TIES WITH LOCAL INSTITUTES FOR COLLABORATIVE INTERACTIONS, ESTABLISH TIES WITH INDUSTRY FOR COOPERATIVE RELATIONSHIPS IN THE DEVELOPMENT OF DRUGS AND THERAPEUTICS, AND SPIN-OFF BIOTECH COMPANIES THAT WILL EFFECTIVELY USE THE INSTITUTE'S INTELLECTUAL PROPERTY. 3) OUTREACH PROGRAMS TOWARD LOCAL COMMUNITY AND BEYOND. | Description |
| Total Program Service Expense | 9289047 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 27 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 69 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 5 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 3 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | FL | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THOMAS MITCHELL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7723454797 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11350 SW VILLAGE PARKWAY 3RD FLOOR | AddressLine1 |
| City | PORT ST LUCIE | City |
| State | FL | State |
| ZIP Code | 34987 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee | Key EmployeeKeyEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| JAY NELSON | |||||||||
| DIRECTOR, VP | 20.00 | X | X | 250000 | 0 | 15000 | |||
| JAY LEVY | |||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||||
| RICHARD CANTLIN | |||||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | ||||
| MARK EDLEN | |||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||||
| DAN DORSA | |||||||||
| PRESIDENT | 8.00 | X | X | 0 | 0 | 0 | |||
| ELIAS EL HADDAD | |||||||||
| PRINCIPLE INVESTIGATOR | 40.00 | X | 117145 | 0 | 20500 | X | |||
| RAFICK SEKALY | |||||||||
| CSO | 40.00 | X | 387350 | 0 | 22500 | ||||
| MARK WILLIAMS | |||||||||
| COO | 20.00 | X | 161438 | 0 | 10000 | ||||
| THOMAS MITCHELL | |||||||||
| CFO | 40.00 | X | 5433 | 0 | 1500 | ||||
| JOHN HISCOTT | |||||||||
| PRINCIPLE INVESTIGATOR | 40.00 | 174284 | 0 | 15000 | X | ||||
| CHRISTOPHER PEARCE | |||||||||
| FORMER CHIEF FINANCIAL OFF | 40.00 | 100717 | 0 | 10000 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1196367 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 94500 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| WHITING TURNER CONTRACTING | |||||
| 300 E JOPPA ROAD | BALTIMORE | MD | 21286 | CONSTRUCTION | 11680419 |
| MANN RESEARCH CENTER | |||||
| 10490 SW VILLAGE CENTER DRIVE | PORT ST LUCIE | FL | 34987 | CONSTRUCTION MANAGEMENT SVC. | 654548 |
| MCDERMOTT WILL EMERY | |||||
| PO BOX 7247 6746 | PHILADELPHIA | PA | 191706746 | LEGAL SERVICES | 336430 |
| INTEGRO USA INCORPORATED | |||||
| 1 STATE STREET PLAZA 9TH FLOOR | NEW YORK | NY | 10004 | INSURANCE | 180829 |
| MARTIN MEMORIAL CANCER RESEARCH | |||||
| 501 E OCEOLA STREET | STUART | FL | 34994 | MEDICAL SERVICES | 132730 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
| Government Grants | 9785684 | GovernmentGrants |
| All Other Contributions | 1194681 | AllOtherContributions |
| Total Contributions | 10980365 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PROGRAM SERVICE REVENU | Description |
| Business Code | 541700 | BusinessCode |
| Total Revenue Column | 140878 | TotalRevenueColumn |
| Related Or Exempt Function Income | 140878 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 140878 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15201 | TotalRevenueColumn |
| Exclusion | $15,201 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 10035 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 0 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 10035 | TotalRevenueColumn |
| Exclusion | $10,035 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | FLORIDA INNOVATION PAR | Description |
| Business Code | 541800 | BusinessCode |
| Total Revenue Column | 300308 | TotalRevenueColumn |
| Unrelated Business Revenue | 300308 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 300308 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11446787 | TotalRevenueColumn |
| Related Or Exempt Function Income | 140878 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 300308 | UnrelatedBusinessRevenue |
| Exclusion | $25,236 | ExclusionAmount |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5787087 | Total |
| Program Services | 4855847 | ProgramServices |
| Management And General | 844912 | ManagementAndGeneral |
| Fundraising | 86328 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 251772 | Total |
| Program Services | 120359 | ProgramServices |
| Management And General | 131413 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 154252 | Total |
| Program Services | 15227 | ProgramServices |
| Management And General | 135716 | ManagementAndGeneral |
| Fundraising | 3309 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39298 | Total |
| Program Services | 5491 | ProgramServices |
| Management And General | 8319 | ManagementAndGeneral |
| Fundraising | 25488 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 872064 | Total |
| Program Services | 821696 | ProgramServices |
| Management And General | 43886 | ManagementAndGeneral |
| Fundraising | 6482 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 182816 | Total |
| Program Services | 80800 | ProgramServices |
| Management And General | 101200 | ManagementAndGeneral |
| Fundraising | 816 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 954725 | Total |
| Program Services | 913079 | ProgramServices |
| Management And General | 34278 | ManagementAndGeneral |
| Fundraising | 7368 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 179938 | Total |
| Program Services | 174042 | ProgramServices |
| Management And General | 4853 | ManagementAndGeneral |
| Fundraising | 1043 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| OTHER SUPPLIES | 1580590 | 1535282 | 44755 | 553 |
| FIP - MARKETING COSTS | 300308 | 300308 | ||
| GENERAL & ADMINISTRATIV | 278923 | 25935 | 102324 | 150664 |
| REPAIR AND MAINTENANCE | 179685 | 171762 | 7788 | 135 |
| EQUIPMENT EXPENSED | 167307 | 143276 | 23667 | 364 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 488895 | Total |
| Program Services | 426251 | ProgramServices |
| Management And General | 58279 | ManagementAndGeneral |
| Fundraising | 4365 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11417660 | Total |
| Program Services | 9289047 | ProgramServices |
| Management And General | 1841698 | ManagementAndGeneral |
| Fundraising | 286915 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 521594 | BOY |
| EOY | 2426460 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 91319062 | BOY |
| EOY | 60712447 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 981927 | BOY |
| EOY | 1151571 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7124897 | BOY |
| EOY | 6904106 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 41507101 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1941971 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13308833 | BOY |
| EOY | 39565130 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 247000 | BOY |
| EOY | 245000 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 113503313 | BOY |
| EOY | 111004714 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1539146 | BOY |
| EOY | 5995874 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36251663 | BOY |
| EOY | 39921419 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65268532 | BOY |
| EOY | 64916677 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 173890 | BOY |
| EOY | 0 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 103233231 | BOY |
| EOY | 110833970 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9837499 | BOY |
| EOY | 170744 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 432583 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10270082 | BOY |
| EOY | 170744 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 113503313 | BOY |
| EOY | 111004714 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 29127 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -10128465 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 11270179 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 14080200 | CurrentTaxYearMinus1Year |
| Current Tax Year | 10980365 | CurrentTaxYear |
| Total | 36330744 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 11270179 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 14080200 | CurrentTaxYearMinus1Year |
| Current Tax Year | 10980365 | CurrentTaxYear |
| Total | 36330744 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 36330744 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 140665 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 954 | CurrentTaxYearMinus1Year |
| Current Tax Year | 15201 | CurrentTaxYear |
| Total | 156820 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 36487564 | TotalSupport |
| Gross Receipts From Admissions Etc | 10035 | GrossReceiptsFromAdmissionsEtc |
| First5 Years170 | X | First5Years170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10 | OtherCostOrOtherBasis |
| Book Value | 10 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 30724217 | OtherCostOrOtherBasis |
| Book Value | 30724217 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 422085 | OtherCostOrOtherBasis |
| Depreciation | 316300 | Depreciation |
| Book Value | 105785 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5031753 | OtherCostOrOtherBasis |
| Depreciation | 1625671 | Depreciation |
| Book Value | 3406082 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5329036 | OtherCostOrOtherBasis |
| Book Value | 5329036 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 39565130 | TotalOfBookValueLandBuildings |
| Total Revenue | 11446787 | TotalRevenue |
| Total Expenses | 11417660 | TotalExpenses |
| Excess Or Deficit For Year | 29127 | ExcessOrDeficitForYear |
| Prior Period Adjustments | -10128463 | PriorPeriodAdjustments |
| Other | -$2 | OtherAmount |
| Total Adjustments | -10128465 | TotalAdjustments |
| Excess Or Deficit Per FS | -10099338 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 11879370 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 432583 | OtherRevenues |
| Revenue Not Rptd F990 | 432583 | RevenueNotRptdF990 |
| Revenue Subtotal | 11446787 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 11446787 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 11417662 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 2 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 2 | ExpensesNotRptdF990 |
| Expenses Subtotal | 11417660 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 11417660 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | ROUNDING ADJUSTMENT -2. |
| PART X: ON SEPTEMBER 15, 2009, THE FINANCIAL ACCOUNTING STANDARDS BOARD'S ACCOUNTING STANDARDS CODIFICATION (CODIFICATION) BECAME THE SINGLE SOURCE OF AUTHORITATIVE GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA. THE CODIFICATION CHANGED THE REFERENCING OF FINANCIAL STANDARDS BUT DID NOT CHANGE OR ALTER EXISTING GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA. THE CODIFICATION BECAME EFFECTIVE FOR THE INSTITUTE AT THAT DATE. THE INSTITUTE ADOPTED THE ACCOUNTING STANDARD FOR UNCERTAIN TAX POSITIONS AS OF JULY 1, 2009. THE STANDARD REQUIRES A TWO-STEP APPROACH TO RECOGNIZING AND MEASURING UNCERTAIN TAX POSITIONS ACCOUNTED FOR IN ACCORDANCE WITH THE ASSET AND LIABILITY METHOD. THE FIRST STEP IS TO EVALUATE THE TAX POSITION FOR RECOGNITION BY DETERMINING WHETHER EVIDENCE INDICATES THAT IT IS MORE LIKELY THAN NOT THAT A POSITION BE SUSTAINED IF EXAMINED BY A TAXING AUTHORITY. THE SECOND STEP IS TO MEASURE THE TAX BENEFIT AS THE LARGEST AMOUNT THAT IS 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY. THE ADOPTION OF THE STANDARD ON UNCERTAIN TAX POSITIONS DID NOT HAVE A MATERIAL IMPACT ON THE INSTITUTE'S FINANCIAL STATEMENTS AT JUNE 30, 2010. | |
| PART XII, LINE 2D - CHANGES IN TEMPORARILY RESTRICTED NET ASSETS: CONTRIBUTIONS $ 0 NET ASSETS RELEASED FROM RESTRICTIONS 432,583 DECREASE IN TEMPORARITLY RESTRICTED NET ASSETS $432,583 PART XIII, LINE 2D - OTHER ADJUSTMENTS: ROUNDING $2 | |
| PART XI, LINE 7, PRIOR PERIOD ADJUSTMENT: THE ORGANIZATION HAS RESTATED ITS 2010 AND 2009 FINANCIAL STATEMENTS DURING THE YEAR ENDED JUNE 30, 2011 TO ADJUST FOR THE IMPACT OF CONVERTING FROM ONE ACCEPTABLE ACCOUNTING PRINCIPLE TO ANOTHER RELATED TO REVENUE RECOGNITION AND PROPERTY AND EQUIPMENT CAPITALIZATION. MANAGEMENT BELIEVES THE NEW POLICIES IMPLEMENTED BETTER REFLECT THE OPERATIONS OF THE ORGANIZATION AND ARE PREFERABLE OVER THE PRIOR POLICIES FOLLOWED. THE ORGANIZATION ACCOUNTED FOR THESE AMOUNTS AS A CHANGE IN ACCOUNTING PRINCIPLE AND APPLIED THE CHANGES ON A RETROSPECTIVE BASIS. SUMMARY DESCRIPTION OF THE CHANGE IN ACCOUNTING PRINCIPLE: REVENUE RECOGNITION - THE STATE OF FLORIDA FUNDING AGREEMENT PROVIDES FUNDS TO SUPPLEMENT THE OPERATIONS OF THE ORGANIZATION AS IT DEVELOPS ITS RESEARCH CAPABILITIES IN FLORIDA AND DEVELOPS A WORK FORCE. THE FUNDING AGREEMENT PROVIDES A LARGE PORTION OF A GRANT COMMITMENT UP FRONT WHICH HAS RESULTED IN DEFERRED REVENUE. IN 2010 AND 2009, THE ORGANIZATION RECOGNIZED REVENUE FOR THESE FUNDS BASED ON AMOUNTS SPENT FOR OPERATING COSTS AND PROPERTY AND EQUIPMENT ADDITIONS. THIS RESULTED IN THE BUILDUP OF A LARGE NET ASSET BALANCE DUE TO THE SIGNIFICANT EQUIPMENT ADDITIONS FUNDED BY THE FUNDING AGREEMENT AND CAPITALIZED ON THE BALANCE SHEET OF THE ORGANIZATION. UPON FURTHER REVIEW, MANAGEMENT DETERMINED THAT IT WOULD BE MORE PREFERENTIAL TO RELEASE DEFERRED REVENUE BASED ON OPERATING COSTS AND DEPRECIATION, AS THIS BETTER MATCHES THE OPERATIONAL EFFORTS THAT MANAGEMENT UNDERSTANDS WHAT FLORIDA INTENDS TO FUND. PROPERTY AND EQUIPEMNT CAPITALIZATION - DURING 2009 AND 2010 LAND DEVELOPMENT COSTS FOR SEWER AND ROAD DEVELOPMENT WERE REFLECTED AS BEING PLACED IN SERVICE AND DEPRECIATION EXPENSE WAS RECORDED. MANAGEMENT DETERMINED THAT A MORE PREFERABLE TREATMENT WOULD BE THAT LAND IMPROVEMENTS ARE PLACED INTO SERVICE WHEN THE BUILDING IS PLACED IN SERVICE AS THE USEFUL LIFE WOULD MOST LIKELY FOLLOW THAT OF THE BUILDING. RECAP OF PRIOR PERIOD ADJUSTMENT: REVENUE RECOGNITION-NET INCREASE IN DEFFERRED REVENUE $10,469,834 PROPERTY AND EQUIPMENT CAPITALIZATION- DECREASE IN DEPRECIATION AND AMORTIZATION (341,371) TOTAL PRIOR PERIOD ADJUSTMENT $10,128,463 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JAY NELSON | |||||||||||||
| 250000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15000 | 0 | 265000 | 0 | 62500 | 0 |
| RAFICK SEKALY | |||||||||||||
| 363550 | 0 | 23800 | 0 | 0 | 0 | 0 | 0 | 22500 | 0 | 409850 | 0 | 453331 | 0 |
| MARK WILLIAMS | |||||||||||||
| 161438 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10000 | 0 | 171438 | 0 | 140000 | 0 |
| JOHN HISCOTT | |||||||||||||
| 174284 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15000 | 0 | 189284 | 0 | 0 | 0 |
| CHRISTOPHER PEARCE | |||||||||||||
| 100717 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10000 | 0 | 110717 | 0 | 51527 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1B | ReturnReference |
| Explanation | VGTI-FL HAS A WRITTEN POLICY ALLOWING FIRST-CLASS TRAVEL UNDER THE AMERICAN FOR DISABILITIES ACT FOR EMPLOYEES. THERE IS NO WRITTEN POLICY FOR HOUSING ALLOWANCES AND ONLY THE COO HAS HOUSING PAID FOR BECAUSE IT IS LESS EXPENSIVE THAN A HOTEL. IT IS NOT SOMETHING PROVIDED TO OTHER EMPLOYEES AND IS DUE TO SPECIAL CIRCUMSTANCES IN CONNECTION WITH HIS SERVICE TO THE ORGANIZATION. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITY OF PORT ST LUCIE FLORIDA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 596141662 | IssuerEIN |
| CUSIP Number | 73541TAP4 | CUSIPNumber |
| Date Issued | 2010-06-03 | DateIssued |
| Issue Price | 63251226 | IssuePrice |
| Description Of Purpose | INFRASTRUCTURE IMPROVEMENT FOR | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 63251226 | TotalProceeds |
| Amount In Reserve Fund | 4146523 | AmountInReserveFund |
| Capitalized Interest | 4694799 | CapitalizedInterest |
| Issuance Costs From Proceeds | 1581136 | IssuanceCostsFromProceeds |
| Credit Enhancement | 5000000 | CreditEnhancement |
| Capital Expenditures | 28099900 | CapitalExpenditures |
| Amount Unspent | 19728868 | AmountUnspent |
| Year Of Subst Completion | 2012 | YearOfSubstCompletion |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 0 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 1 | ExceptionToRebate |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION MISSION STATEMENT | FORM 990, PART I, LINE 1 | BASED IN PORT ST. LUCIE FLORIDA, VGTI-FL HAS ASSEMBLED A HIGHLY INTERACTIVE TEAM OF SCIENTISTS THAT UTILIZES STATE OF THE ART TECHNOLOGIES TO ACCELERATE THE PACE OF DISCOVERY AND FUNDAMENTAL RESEARCH OF IMMUNE BASED THERAPIES AND VACCINES. OUR RESEARCH IS BRINGING US CLOSER TO THE DEVELOPMENT OF VACCINES AND IMMUNOTHERAPIES THAT WILL IMPROVE HUMAN HEALTH AROUND THE GLOBE, FOCUSED SPECIFICALLY ON TREATING AND PREVENTING AIDS, CANCER, TUBERCULOSIS AND THE DISEASES ASSOCIATED WITH EMERGING VIRAL INFECTIONS. OPERATIONALLY, IN FY 2011 VGTI-FL HAS CONTINUED TO FOCUS ON RESEARCH OPERATIONS, ADDITIONAL RECRUITMENT OF RESEARCH AND ADMINISTRATIVE STAFF, AGGRESSIVE DEVELOPMENT AND SUBMISSION OF RESEARCH GRANT APPLICATIONS, AND MANAGING THE CONSTRUCTION OF THE NEW FACILITY. VGTI-FL ALSO CONTINUED ITS OUTREACH ACTIVITIES AND SCIENTIFIC COLLABORATIONS WITH COLLEGES, UNIVERSITIES AND RESEARCH INSTITUTIONS IN FLORIDA. VGTI-FL IS PRESENTLY OPERATING IN 33,000 SQUARE FEET IN THE TORREY PINES INSTITUTE OF MOLECULAR SCIENCES (TPIMS) BUILDING IN PORT ST. LUCIE, FL. WHILE THE NEW 100,000 SQUARE FOOT FACILITY IS BEING CONSTRUCTED. WE ARE OPERATING FIVE RESEARCH LABORATORIES AND THREE CORE SCIENCE SERVICE GROUPS (FLOW CYTOMETRY, GENOMICS AND BIOINFORMATICS). WE ANTICIPATE THAT THE NEW BUILDING WILL BE SUBSTANTIALLY COMPLETE BY JANUARY 10, 2012, WITH THE PUBLIC INVITED TO OUR RIBBON-CUTTING CEREMONY FEBRUARY 29, 2012. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 IS DISTRIBUTED TO BOARD MEMBERS FOR REVIEW AND COMENTS PRIOR TO BEING DISCUSSED AT A BOARD OF DIRECTORS MEETING, AND ANY QUESTIONS ANSWERED BY THE OUTSIDE ACCOUNTANT AND THE CFO EITHER PRIOR TO OR AT THAT TIME. | |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH TRUSTEE, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE SHALL SIGN A STATEMENT ANNUALLY WHICH AFFIRMS SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, B) HAS READ AND UNDERSTANDS THE POLICY, C) HAS AGREED TO COMPLY WITH THE POLICY, AND D) UNDERSTANDS THE CORPORATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. | |
| FORM 990, PART VI, SECTION B, LINE 15 | VGTI-FL USES ERI (ECONOMIC RESEARCH INSTITUTE), A NONPROFIT COMPARABLE ASSESSOR AND TAX EXEMPT SURVEY DELIVERED BY AN ONLINE, REAL TIME SOFTWARE. ERI PLATFORM PROVIDES TOP EXECUTIVE PAY RANGES IN CHARITIES AND FOUNDATIONS. THIS DESKTOP SOFTWARE PROVIDES ACCESS TO OVER 3 MILLION FORM 990/PF/EZ REPORTS REPRESENTING MANY UNIQUE ORGANIZATIONS. THIS SOFTWARE IS RELIED UPON BY FEDERAL (IRS) AND STATE REGULATORY AGENCIES, INCLUDING THE NY ATTORNEY GENERAL'S OFFICE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | PRIOR PERIOD ADJUSTMENTS: -10,128,463. ROUNDING ADJUSTMENT -2. TOTAL TO FORM 990, PART XI, LINE 5: -10,128,465. |
| THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION | FORM 990, PART XII, LINE 2C: | PROCESS DURING THE TAX YEAR. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FLORIDA INNOVATION PARTNERS LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11350 SW VILLAGE PARKWAY THIRD FLOO | AddressLine1 |
| City | PORT ST LUCIE | City |
| State | FL | State |
| ZIP Code | 34987 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 271459905 | EIN |
| Primary Activities | MARKETING BIO SCIENCE PARK | PrimaryActivities |
| Legal Domicile State | FL | LegalDomicileState |
| Total Income | 300308 | TotalIncome |
| EOY Assets | 166280 | EOYAssets |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
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