Florida Achievement Support Trust

The Florida Achievement Support Trust (FAST) is a 501(c)(3) nonprofit organization categorized under youth development. It is registered as a charitable organization, allowing donations to be tax-deductible. The trust operates primarily to support the development of University of Florida athletes through name, image, and likeness (NIL) opportunities, while also engaging in community charitable activities.

History and Evolution

Florida Achievement Support Trust was initially a relatively unknown entity until its expansion under the name Florida Victorious in 2023. This rebranding was part of an effort to take over the role of the Gator Collective, another organization that had dissipated following issues with a high-profile athlete deal. Under the new name, Florida Victorious aims to provide a structured platform for supporting University of Florida athletes, ensuring compliance with NCAA regulations regarding NIL compensation.

Financial Overview

In recent financial filings, the trust reported significant revenue from contributions, with a substantial portion allocated to supporting athletes and community activities. For example, in its 2023 filing, contributions accounted for about 99.6% of its total revenue, totaling $7,224,232. The organization's total assets were reported at $1,571,225, with liabilities of $111,958[1].

Leadership

Key figures associated with the Florida Achievement Support Trust include:

• Nathaniel Barbera, serving as CEO and receiving a compensation package of $300,000[1].
• Jose A. Costa III, acting as Chairman and Trustee, who played a significant role in establishing the organization as a major force in supporting University of Florida athletes without receiving compensation himself[2].
• Other notable trustees include Carlos Martell and Christopher Boyett.

Community Engagement

In addition to its focus on NIL opportunities for athletes, the trust has been involved in community service projects. In 2023, it collaborated with and promoted 16 different charitable organizations, contributing over 2,000 hours of service[3]. This multifaceted approach aligns with its broader mission to foster development beyond sports.

Rebranding and Expansion

The rebranding to Florida Victorious marks an expansion of the organization's goals and reach. It seeks to not only support athletes but also engage in broader community initiatives, thereby enhancing its role within the local and national nonprofit landscape. The organization has received support from University of Florida officials, indicating its increasing importance in the collegiate sports arena[2].

[1] https://projects.propublica.org/nonprofits/organizations/882588991 [2] https://www.wuft.org/fresh-take-florida/2023-04-12/new-group-emerges-to-pay-uf-athletes-gator-collective-dissolves-after-mishandled-qb-deal [3] https://www.causeiq.com/organizations/florida-achievement-support-trust,882588991/ [4] https://www.nilnewsstand.com/updates/florida-victorious-launches-university-of-florida-nil [5] https://www.charitynavigator.org/ein/882588991