2023-04-28T10:53:52-05:00 2022-06-30 593204548 JAMES MOORE & CO PL 5931 NW 1ST PL GAINESVILLE FL 326072063 990 2021-07-01 237047106 FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC FLOR 3053483758 11200 SW 8TH ST MARC 531 MIAMI FL 331992516 HUMBERTO CABANAS CHAIRPERSON 3053483758 2023-04-14 1 HUMBERTO CABANAS 999009999 KEN KURDZIEL P00060407 3523781331 2023-04-28 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z HUMBERTO CABANAS 11200 SW 8TH STREET MIAMI FL 33199 221991505 0 X HTTPS://GIVE.FIU.EDU/BUSINESS-GOVERNANCE/ X 1969 FL TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES FOR FIU AND ITS OBJECTIVES. 45 41 0 0 0 0 96274799 42053425 0 0 57883109 26193188 447969 1350789 154605877 69597402 25736723 55856046 0 0 0 0 0 75000 11562794 17243060 19597103 42979783 75528149 111626094 -5930747 475743772 421867063 5440096 9167265 470303676 412699798 X TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES, ALL FOR THE ADVANCEMENT OF FLORIDA INTERNATIONAL UNIVERSITY AND ITS OBJECTIVES (SEE SCHEDULE O FOR CONTINUATION). THE ORGANIZATION IS GOVERNED BY A BOARD OF DIRECTORS, WHOSE MEMBERS PLAY A SIGNIFICANT ROLE IN THE DEVELOPMENT OF THE UNIVERSITY AS A MAJOR EDUCATIONAL, CULTURAL AND ECONOMIC RESOURCE. THROUGH THE INVOLVEMENT OF THE DIRECTORS AND THEIR CONTRIBUTION OF TIME, LEADERSHIP AND FINANCIAL RESOURCES, THE MISSION OF THE UNIVERSITY IS ADVANCED. 0 0 57043730 55856046 165288 THE FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION ACCEPTS CHARITABLE DONATIONS TO SUPPORT FLORIDA INTERNATIONAL UNIVERSITY IN ITS GOAL TO BE A LEADING URBAN PUBLIC RESEARCH UNIVERSITY FOCUSED ON STUDENT LEARNING, INNOVATION, AND COLLABORATION. THE FOUNDATION SUPPORTS THE UNIVERSITY'S MISSION BY PROVIDING FUNDS TO SUPPORT A DIVERSE STUDENT POPULATION, EXCEPTIONAL FACULTY, CUTTING EDGE RESEARCH, MODERN FACILITIES, AND COLLABORATIVE ENGAGEMENT WITH OUR LOCAL AND GLOBAL COMMUNITIES. 57043730 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 1 1 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 78 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 45 41 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 AK CA CO FL KY MA MD ME MN ND NH NJ NV NY OH OK OR PA SC UT WA WI WV X ADRIANNE PERDOMO 3053483758 11200 SW 8TH STREET - MARC 530 MIAMI FL 33199 RICHARD BRILLIANT CHAIR, LONG-TERM STRATEGIC PLANNING COM 1.00 X 0 0 0 ADALIO T SANCHEZ VICE CHAIRPERSON 1.00 X X 0 0 0 JILL M GRANAT SECRETARY 1.00 X X 0 0 0 STEVEN M BERWICK CHAIR, AUDIT SUB-COM 1.00 X 0 0 0 HUMBERTO CABANAS CHAIRPERSON 1.00 X X 0 0 0 JUAN R FIGUEREO CHAIR, FOUNDATION ENTERPRISE 1.00 X 0 0 0 KENNETH G FURTON EX-OFFICIO - UNTIL 1/2022 1.00 40.00 X 0 529123 54502 FRANCISCO GONZALEZ CO-CHAIR, ATHLETICS SUB-COM 1.00 X 0 0 0 ALBERTO LORENZO DIRECTOR 1.00 X 0 0 0 ESTHER L MORENO DIRECTOR 1.00 X 0 0 0 WASIM J SHOMAR DIRECTOR 1.00 X 0 0 0 ELLIOT N STONE CHAIR, REAL ESTATE SUB-COM 1.00 X 0 0 0 ALBERT R TANO CHAIR, MEMBERSHIP & BOARD 1.00 X 0 0 0 ANDRE L TEIXEIRA TREASURER 1.00 X X 0 0 0 STEWART L APPELROUTH DIRECTOR 1.00 X 0 0 0 TRISH AND DAN BELL DIRECTOR 1.00 X 0 0 0 MICHAEL A KAPPITT CHAIR, CAMPAIGN & MARKETIN 1.00 X 0 0 0 IRA D GILLER DIRECTOR 1.00 X 0 0 0 JEFFREY L HORSTMYER DIRECTOR 1.00 X 0 0 0 ROBERT M NAMOFF DIRECTOR 1.00 X 0 0 0 GERALD C GRANT JR DIRECTOR 1.00 X 0 0 0 CRISTINA DI MAURO DIRECTOR 1.00 X 0 0 0 YOLANGEL HERNANDEZ SUAREZ DIRECTOR 1.00 X 0 381063 26033 FRANCISCO LOPEZ JR DIRECTOR 1.00 X 0 0 0 MARCEL L NAVARRO CHAIR, INVESTMENT SUB-COM 1.00 X 0 0 0 JASON A SALTZMAN DIRECTOR 1.00 X 0 0 0 CANDIDO J VIYELLA DIRECTOR 1.00 X 0 0 0 T GENE PRESCOTT EX-OFFICIO 1.00 X 0 0 0 NOEL J GUILLAMA-ALVAREZ CHAIR, CAMPAIGN BUDGET TAS 1.00 X 0 0 0 CHAD MOSS CHAIR, ATHLETICS SUB-CO 1.00 X 0 0 0 CARMEL J BARRAU DIRECTOR 1.00 X 0 0 0 CARLOS A SABATER DIRECTOR 1.00 X 0 0 0 PETER P KOLTIS EX-OFFICIO 1.00 X 0 0 0 DEANNE BUTCHEY EX-OFFICIO 1.00 X 0 256757 36539 LATESSA DOTSON HALL DIRECTOR 1.00 X 0 0 0 WALTER B GONZALEZ JR DIRECTOR 1.00 X 0 0 0 FRANCIS A HONDAL DIRECTOR 1.00 X 0 0 0 RICHARD P TONKINSON DIRECTOR 1.00 X 0 0 0 ALEXANDRA IBARRIA EX-OFFICIO 1.00 X 0 10492 0 CLAUDIA PUIG DIRECTOR 1.00 X 0 0 0 RAKESH AND RACHANEE SARNA DIRECTOR 1.00 X 0 0 0 GINA C DUARTE ROMERO EX-OFFICIO 1.00 X 0 21500 0 THOMAS C RAGAN DIRECTOR 1.00 X 0 0 0 DAVID M ZINN DIRECTOR 1.00 X 0 0 0 TINA M VIDAL-DUART DIRECTOR 1.00 X 0 0 0 ELIZABETH M BEJAR EX-OFFICIO 1.00 X 0 380967 54704 VALENTINA CASANOVA EX-OFFICIO 1.00 X 0 250 0 HOWARD R LIPMAN CEO 40.00 X 0 483525 50210 MILAGROS GARCIA-CHICA ASST TREASURER 40.00 X 0 153641 33307 ADRIANNE PERDOMO CONTROLLER 40.00 X 0 117960 21048 MELISSA HERNANDEZ CAO 40.00 X 0 190556 24587 0 2525834 300930 0 0 1 0 JPMORGAN CHASE 270 PARK AVENUE NEW YORK NY 10017 INVESTMENT OFFICER & CUSTODIAN 601232 COMPASS GROUP USA INC 2400 YORKMONT ROAD CHARLOTTE NC 28217 CATERING SERVICES 252030 MENA CATERING INC 7462 SW 48TH STREET MIAMI FL 33155 CATERING SERVICES 228248 CAPITAL CITY CONSULTING LLC 124 W JEFFERSON STREET TALLAHASSEE FL 32301 LOBBYING 185432 THE CONCORD ADVISORY GROUP LTD ONE ORLANDO CENTRE 1675 800 N MA ORLANDO FL 32803 INVESTMENT MANAGER 103773 11 357676 91288 7899821 33704640 417587 42053425 8526964 8526964 114367 114367 2134753 1051539 1083214 1083214 1083214 168931029 151264805 17666224 17666224 17666224 65679 91288 77759 -12080 -12080 MISCELLANEOUS 900099 82635 82635 ADMISSION REVENUE 711210 44534 44534 STORE REVENUE 453000 31714 31714 6405 6405 165288 69597402 165288 0 27378689 55856046 55856046 101443 101443 484806 484806 75000 75000 705776 705776 5955 2435 3520 335313 335313 CAPITAL CAMPAIGN 11018567 1147233 9871334 ADVANCEMENT OPERATIONS 4293923 3493887 800036 BUSINESS OFFICE OPERATI 1122526 16474 1106052 FIU PRESIDENT'S EXPENSE 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RESEARCH IN THE AREA OF MINORITY HEALTH AND HEALTH DISPARITIES. PURSUANT TO THE TERMS OF THE GRANT, THE NIH REQUIRES THAT THE FUNDS BE HELD AS AN ENDOWMENT FOR A PERIOD OF AT LEAST 20 YEARS. THEREAFTER, THE FUNDS MAY BE USED TO SUPPORT THIS RESEARCH INITIATIVE. THE UNIVERSITY TRANSFERRED A TOTAL OF $9,500,000 AS OF JUNE 30, 2022 TO THE FOUNDATION TO BE HELD AS A TERM ENDOWMENT. THE ENDOWMENT WILL BE MANAGED CONSISTENT WITH THE FOUNDATION'S POLICIES AND PROCEDURES. THE ENDOWMENT'S MARKET VALUE IS REFLECTED WITHIN THE STATEMENTS OF FIDUCIARY NET POSITION AND THE ANNUAL APPRECIATION IS PRESENTED IN THE STATEMENTS OF REVENUES, EXPENSES, AND CHANGES IN FIDUCIARY NET POSITION. PART IV, LINE 2B: THE FOUNDATION HOLDS FUNDS DEPOSITED FOR DISBURSEMENT PROCESSING ON BEHALF OF A FAMILY FOUNDATION IN THE AMOUNT OF $97,831. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF DONATIONS RECEIVED BY THE FOUNDATION IN WHICH THE DONOR HAS FORMALLY INDICATED THAT THE FUNDS MUST BE HELD AND INVESTED IN PERPETUITY. EARNINGS DERIVED FROM THE INVESTED ENDOWED FUNDS ARE AVAILABLE FOR SPENDING BASED ON THE DONOR'S EXPLICIT INTENT. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2022 AND 2021, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSES NETTED WITH CONTRIBUTIONS ON FS -735,241. REVENUE FROM RELATED ORGANIZATION (REPORTED ON CONSOLIDATED FS) 12,637. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON 990 PART VIII -1,051,539. SPECIAL EVENT EXPENSES REPORTED ON 990 PART VIII -77,759. ROUNDING ADJUSTMENT -6. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM RELATED ORGANIZATION (REPORTED ON CONSOLIDATED FS) 367. RENTAL EXPENSES REPORTED ON 990 PART VIII 1,051,539. CHANGE IN ANNUITY VALUE 27,145. SPECIAL EVENT EXPENSES REPORTED ON 990 PART VIII 77,759. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS N/A 28969013 0 0 0 0 0 0 28969013 0 28969013 1 0 1 1 1 0 PART III ACCOUNTING METHOD: X X X X X X X 1 THE SUPERLATIVE GROUP 2843 FRANKLIN BLVD CLEVELAND OH 44113 SPONSORSHIP & NAMING RIGHTS CONSULTING SERVICES 0 0 75000 -75000 75000 -75000 AK CA CO FL KY MA MD ME MN ND NH NJ NV NY OH OK OR PA SC UT WA WI WV BREW MIAMI 92127 37399 54728 5707 27590 18 FISHING TOURNAMENT 25175 19741 5434 9075 4602 801 10105 4 39665 34148 5517 3500 5566 10795 156967 91288 65679 18282 4602 33957 20918 77759 -12080 1 HERBERT WERTHEIM COLLEGE OF MEDICINE 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 3586506 0 UNIVERSITY/STUDENT ASSISTANCE COLLEGE OF BUSINESS ADMINISTRATION 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 2049068 0 UNIVERSITY/STUDENT ASSISTANCE WOLFSONIAN MUSEUM 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 1085976 0 UNIVERSITY/STUDENT ASSISTANCE COLLEGE OF ARTS SCIENCES & EDUCATION 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 2690906 0 UNIVERSITY/STUDENT ASSISTANCE UNIVERSITY BUILDING PROGRAM 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 16928576 0 UNIVERSITY/STUDENT ASSISTANCE ATHLETICS FUND - 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UNTIL 1/2022 0 529123 0 0 0 0 0 43653 0 10849 0 583625 0 0 HOWARD R LIPMAN CEO 0 483525 0 0 0 0 0 28380 0 21830 0 533735 0 0 ELIZABETH M BEJAR EX-OFFICIO 0 380967 0 0 0 0 0 32903 0 21801 0 435671 0 0 YOLANGEL HERNANDEZ SUAREZ DIRECTOR 0 381063 0 0 0 0 0 25990 0 43 0 407096 0 0 DEANNE BUTCHEY EX-OFFICIO 0 256757 0 0 0 0 0 16683 0 19856 0 293296 0 0 MELISSA HERNANDEZ CAO 0 190556 0 0 0 0 0 15383 0 9204 0 215143 0 0 MILAGROS GARCIA-CHICA ASST TREASURER 0 153641 0 0 0 0 0 13451 0 19856 0 186948 0 0 PART I, LINE 3 THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES. ALL EMPLOYEES ARE PAID BY THE UNIVERSITY. HOWEVER, THE ORGANIZATION'S BOARD APPROVES THE BUDGET WHICH INCLUDES THE REIMBURSEMENT FOR A PORTION OF THE CEO'S SALARY. X 13 417587 FMV 0 1 1 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: THE FIU FOUNDATION HAS A GIFT CLEARING ACCOUNT AT JP MORGAN CHASE FOR THE ACCEPTANCE AND SALE OF GIFTS OF SECURITIES. FORM 990, PART VI, SECTION A, LINE 2 TRISH BELL, DIRECTOR, AND DAN BELL, DIRECTOR HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B AN INITIAL DRAFT IS REVIEWED BY THE ASSISTANT VICE-PRESIDENT AND THE CHAIR OF THE AUDIT SUBCOMMITTEE FOR ACCURACY BEFORE FORM 990 IS FILED. THE APPROVED DRAFT FORM 990, WITH SCHEDULE B DONOR INFORMATION REDACTED, IS SUBSEQUENTLY SENT TO ALL BOARD MEMBERS FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EACH FOUNDATION BOARD AND COMMITTEE MEMBER HAS A CONTINUING OBLIGATION TO BE FAMILIAR WITH THE FLORIDA STATUTES REGARDING ETHICS AND CONFLICTS OF INTEREST AND THE TERMS OF THE POLICY; DISCLOSE TO THE FOUNDATION BOARD AND/OR COMMITTEE CHAIR ANY POSSIBLE PERSONAL, FAMILIAL OR BUSINESS RELATIONSHIPS THAT MIGHT REASONABLY GIVE RISE TO A CONFLICT INVOLVING THE FOUNDATION; AND ACKNOWLEDGE BY HIS OR HER EXECUTION OF THE "CONFLICT OF INTEREST DISCLOSURE FORM" THAT HE OR SHE IS IN COMPLIANCE WITH THE LETTER AND SPIRIT OF THIS POLICY AND APPLICABLE LAWS. BEGINNING EVERY FISCAL YEAR A FORM IS MAILED TO EVERY BOARD MEMBER FOR REVIEW AND UPDATE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT HAVE ANY EMPLOYESS AND DOES NOT PROVIDE ANY OFFICER, DIRECTOR, OR OTHER REPRESENTATIVE WITH ANY COMPENSATION. MEMBERS ARE COMPENSATED THROUGH FLORIDA INTERNATIONAL UNIVERSITY, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC ON THEIR WEBSITE AND UPON REQUEST. THE FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGES IN VALUE OF SPLIT-INTEREST -27,140. PROVISION FOR UNCOLLECTIBLE PROMISE -735,241. FORM 990, PART XII, LINE 2C THE PROCESS FOR THE SELECTION AND SUPERVISION OF THE ORGANIZATION'S INDEPENDENT AUDITOR HAS REMAINED CONSISTENT WITH THE PRIOR YEAR. DISCLOSURE OF ASSETS HELD ON BEHALF OF A RELATED ORGANIZATION: FLORIDA INTERNATIONAL UNIVERSITY, (THE UNIVERSITY; EIN: 65-0177616), A RELATED ORGANIZATION, TRANSFERRED INVESTMENT FUNDS TO THE ORGANIZATION THAT ARE BEING HELD AS A TERM ENDOWMENT ON BEHALF OF THE UNIVERSITY. IN ACCORDANCE WITH GASB 84, THESE ASSETS ARE NOT REFLECTED ON THE ORGANIZATION'S FINANCIAL STATEMENTS, RATHER, THEY ARE REPORTED WITHIN THE STATEMENT OF FIDUCIARY NET POSITION. AS A RESULT, THEY HAVE NOT BEEN INCLUDED ON FORM 990, BUT ARE BEING REPORTED IN THIS SUPPLEMENTARY DISCLOSURE. AS OF JUNE 30, 2021 THE FAIR VALUE OF THE TERM ENDOWMENT HELD FOR THE UNIVERSITY WAS $12,759,008. 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