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Florida Alternative Investment Association Inc

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Community Improvement, Capacity Building / Promotion of Business (NTEE)

Donations to this organization are not tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$419k (2022)

Expenses
$382k (2022)

Total Assets
$41.8k (2022)

Total Liabilities
$150k (2022)

Years with missing data
Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$418,951
Expenses
$381,522
Net Income
$37,429
Net Assets
-$107,909
Notable Sources of Revenue Percent of Total Revenue
Contributions $418,951
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $41,842
Total Liabilities $149,751
Net Assets -$107,909
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Maurice Berkower (Treasurer) $0 $0 $0
Michael Corcelli (President) $0 $0 $0
Jay Gould (Director) $0 $0 $0
Rainford Knight (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$412,768
Expenses
$393,530
Net Income
$19,238
Net Assets
-$145,338
Notable Sources of Revenue Percent of Total Revenue
Contributions $412,768
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $25,512
Total Liabilities $170,850
Net Assets -$145,338
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Maurice Berkower (Treasurer) $0 $0 $0
Michael Corcelli (President) $0 $0 $0
Jay Gould (Director) $0 $0 $0
Rainford Knight (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$269,708
Expenses
$255,656
Net Income
$14,052
Net Assets
-$164,576
Notable Sources of Revenue Percent of Total Revenue
Contributions $269,708
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $25,404
Total Liabilities $189,980
Net Assets -$164,576
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Maurice Berkower (Treasurer) $0 $0 $0
Michael Corcelli (President) $0 $0 $0
Jay Gould (Director) $0 $0 $0
Rainford Knight (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$166,971
Expenses
$160,752
Net Income
$6,219
Net Assets
-$178,628
Notable Sources of Revenue Percent of Total Revenue
Contributions $166,971
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $36,820
Total Liabilities $215,448
Net Assets -$178,628
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Maurice Berkower (Treasurer) $0 $0 $0
Michael Corcelli (President) $0 $0 $0
Jay Gould (Director) $0 $0 $0
Rainford Knight (Director) $0 $0 $0
Richard Strait (Director) $0 $0 $0
Nanette Aguirre (Director) $0 $0 $0
Meyer Ben Reuven (Director) $0 $0 $0
Theresa Gusman (Director) $0 $0 $0
Eric Westphal (Director) $0 $0 $0
Chris Innes (Director) $0 $0 $0
Scott Daspin (Director) $0 $0 $0
Roberto Munoz (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$139,863
Expenses
$158,233
Net Income
-$18,370
Net Assets
-$184,847
Notable Sources of Revenue Percent of Total Revenue
Contributions $139,863
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $31,601
Total Liabilities $216,448
Net Assets -$184,847
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Maurice Berkower (Treasurer) $0 $0 $0
Michael Corcelli (President) $0 $0 $0
Jay Gould (Director) $0 $0 $0
Rainford Knight (Director) $0 $0 $0
Richard Strait (Director) $0 $0 $0
Alan Florez (Director) $0 $0 $0
Nanette Aguirre (Director) $0 $0 $0
Meyer Ben Reuven (Director) $0 $0 $0
Brian Valero (Director) $0 $0 $0
Theresa Gusman (Director) $0 $0 $0
Eric Westphal (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$102,190
Expenses
$531,329
Net Income
-$429,139
Net Assets
-$166,477
Notable Sources of Revenue Percent of Total Revenue
Contributions $102,190
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $504
Total Liabilities $166,981
Net Assets -$166,477
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Maurice Berkower (Treasurer) $0 $0 $0
Michael Corcelli (President) $0 $0 $0
Jay Gould (Director) $0 $0 $0
Rainford Knight (Director) $0 $0 $0
Richard Strait (Director) $0 $0 $0
Alan Florez (Director) $0 $0 $0
Nanette Aguirre (Director) $0 $0 $0
Meyer Ben Reuven (Director) $0 $0 $0
Brian Valero (Director) $0 $0 $0
Theresa Gusman (Director) $0 $0 $0
Eric Westphal (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$262,662
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $267,662
Total Liabilities $5,000
Net Assets $262,662
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Maurice Berkower (Treasurer) $0 $0 $0
Michael Corcelli (President) $0 $0 $0
Jay Gould (Director) $0 $0 $0
Rainford Knight (Director) $0 $0 $0
Richard Strait (Director) $0 $0 $0
Alan Florez (Director) $0 $0 $0
Nanette Aguirre (Director) $0 $0 $0
Meyer Ben Reuven (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$262,662
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $267,662
Total Liabilities $5,000
Net Assets $262,662
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Maurice Berkower (Treasurer) $0 $0 $0
Michael Corcelli (President) $0 $0 $0
Jay Gould (Director) $0 $0 $0
Rainford Knight (Director) $0 $0 $0
Flavio Lobato (Director) $0 $0 $0
Richard Strait (Director) $0 $0 $0
Bruce Mcguire (Director) $0 $0 $0
Alan Florez (Director) $0 $0 $0
Tim Ng (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$262,662
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $267,662
Total Liabilities $5,000
Net Assets $262,662
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Maurice Berkower (Treasurer) $0 $0 $0
Michael Corcelli (President) $0 $0 $0
Jay Gould (Director) $0 $0 $0
Rainford Knight (Director) $0 $0 $0
Flavio Lobato (Director) $0 $0 $0
Richard Strait (Director) $0 $0 $0
Bruce Mcguire (Director) $0 $0 $0
Alan Florez (Director) $0 $0 $0
Tim Ng (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$533,475
Expenses
$321,260
Net Income
$212,215
Net Assets
$262,662
Notable Sources of Revenue Percent of Total Revenue
Contributions $369,550
69.3%
Program Services $163,925
30.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $267,662
Total Liabilities $5,000
Net Assets $262,662

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$289,001
Expenses
$238,554
Net Income
$50,447
Net Assets
$50,447
Notable Sources of Revenue Percent of Total Revenue
Contributions $182,600
63.2%
Program Services $106,401
36.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $55,447
Total Liabilities $5,000
Net Assets $50,447

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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