FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC (EIN 23-7047106)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-06
- IRS object ID
- 202521269349300112
- Schema version
- 2023v6.0
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-06T10:27:57-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 593204548 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JAMES MOORE & CO PL | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5931 NW 1ST PL | AddressLine1Txt |
| City | GAINESVILLE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 326072063 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237047106 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FLORIDA INTERNATIONAL UNIVERSITY | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FLOR | BusinessNameControlTxt |
| Phone | 3053483758 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11200 SW 8TH ST MARC 531 | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 331992516 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ADALIO SANCHEZ | PersonNm |
| Person Title | CHAIR | PersonTitleTxt |
| Phone | 3053483758 | PhoneNum |
| Signature | 2025-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KEN KURDZIEL | PreparerPersonNm |
| PTIN | P00060407 | PTIN |
| Phone | 3523781331 | PhoneNum |
| Preparation | 2025-03-31 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ADALIO SANCHEZ | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11200 SW 8TH ST MARC 531 | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 331992516 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $182,844,037 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTPS://GIVE.FIU.EDU/BUSINESS-GOVERNANCE/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1969 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES FOR FIU AND ITS OBJECTIVES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 39 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 39 | VotingMembersIndependentCnt |
| Total Employee | 77 | TotalEmployeeCnt |
| Total Volunteers | 39 | TotalVolunteersCnt |
| Total Gross UBI | -$87,476 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $46,759,330 | PYContributionsGrantsAmt |
| CY Contributions Grants | $44,267,958 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$1,522,360 | PYInvestmentIncomeAmt |
| CY Investment Income | $6,118,185 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$305,688 | PYOtherRevenueAmt |
| CY Other Revenue | -$249,332 | CYOtherRevenueAmt |
| PY Total Revenue | $44,931,282 | PYTotalRevenueAmt |
| CY Total Revenue | $50,136,811 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $40,902,034 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $47,079,519 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,521,491 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,039,608 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $191,245 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $142,466 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $5,565,650 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,112,368 | PYOtherExpensesAmt |
| CY Other Expenses | $7,587,857 | CYOtherExpensesAmt |
| PY Total Expenses | $52,727,138 | PYTotalExpensesAmt |
| CY Total Expenses | $55,849,450 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$7,795,856 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$5,712,639 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $445,054,887 | TotalAssetsBOYAmt |
| Total Assets EOY | $483,517,822 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $7,514,825 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $12,835,197 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $437,540,062 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $470,682,625 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $47,712,124 | ExpenseAmt |
| Grant | $47,079,519 | GrantAmt |
| Revenue | $329,648 | RevenueAmt |
| Desc | 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. | Desc |
| Total Program Service Expenses | $47,712,124 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 111 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 77 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 39 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 39 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | AK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ME | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ND | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NV | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | UT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WV | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ADRIANNE PERDOMO | PersonNm |
| Phone | 3053483758 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11200 SW 8TH STREET - MARC 530 | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33199 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (59 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| ADALIO T SANCHEZ | |||||||||
| CHAIRPERSON | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| FRANCISCO LOPEZ JR | |||||||||
| DIRECTOR, UNTIL 8/2023 | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| HUMBERTO CABANAS | |||||||||
| ALUMNI CENTER STEERING COMM CHAIR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ANDRE L TEIXEIRA | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CANDIDO J VIYELLA | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| T GENE PRESCOTT | |||||||||
| EX-OFFICIO | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CARMEL J BARRAU | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CLAUDIA PUIG | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CRISTINA DI MAURO | |||||||||
| INVESTMENT SUB-COMMITTEE CHAIR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID M ZINN | |||||||||
| FIU VENTURES SUB-COMMITTEE CHAIR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ELIZABETH M BEJAR | |||||||||
| EX-OFFICIO/FIU PROVOST | 1.00 | 40.00 | Yes (X) | $0 | $507,786 | $65,886 | |||
| FRANCIS A HONDAL | |||||||||
| FIU BOT FORMER PRESIDENT | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| GERALD C GRANT JR | |||||||||
| DEVELOPMENT MGMT CHAIR/VICE CHAIR | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| NOEL J GUILLAMA-ALVAREZ | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| IRA D GILLER | |||||||||
| REAL ESTATE SUB-COMMITTEE VICE CHAIR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JAMES W LOEWENHERZ | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JASON A SALTZMAN | |||||||||
| DIRECTOR, UNTIL 8/2023 | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JEFFREY L HORSTMYER | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JILL M GRANAT | |||||||||
| SECRETARY | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JUAN CARLOS ALEXANDER | |||||||||
| EX-OFFICIO/FIU ALUMNI, UNTIL 4/2024 | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JUAN J MARTINEZ | |||||||||
| FOUNDATION ENTERPRISE GROWTH VC | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JUAN R FIGUEREO | |||||||||
| FOUNDATION ENTERPRISE GROWTH CHAIR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| LATESSA DOTSON HALL | |||||||||
| MEMBERSHIP & BOARD MGMT CO-VC | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ALBERT R TANO | |||||||||
| MEMBERSHIP & BOARD GOVERNANCE CHAIR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ELLIOT N STONE | |||||||||
| REAL ESTATE SUB-COMMITTEE CHAIR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CARLOS A SABATER | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL A KAPPITT | |||||||||
| CAMPAIGN/MKTG CHAIR, UNTIL 10/2023 | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| THOMAS C RAGAN | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| NOEL C BARENGO | |||||||||
| EX-OFFICIO, UNTIL 9/2023 | 1.00 | 40.00 | Yes (X) | $0 | $182,514 | $37,004 | |||
| ORLANDO ROCHE | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| RAKESH AND RACHANEE SARNA | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD BRILLIANT | |||||||||
| LONG-TERM STRATEGIC PLANNING CHAIR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD P TONKINSON | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SNEH GULATI | |||||||||
| EX-OFFICIO, AS OF 9/2023 | 1.00 | 0.00 | Yes (X) | $0 | $164,648 | $34,870 | |||
| ROBERT M NAMOFF | |||||||||
| DIRECTOR, UNTIL 3/2024 | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SANTANA WAY | |||||||||
| EX-OFFICIO/FIU SGA, UNTIL 5/2024 | 1.00 | 5.00 | Yes (X) | $0 | $10,118 | $0 | |||
| SERGIO ABREU JR | |||||||||
| EX-OFFICIO | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| STEWART L APPELROUTH | |||||||||
| AUDIT SUB-COMMITTEE CHAIR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT A BAER SR | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MARCEL L NAVARRO | |||||||||
| FINANCE COMMITTEE CHAIR/TREASURER | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| WALTER B GONZALEZ JR | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| YOLANGEL HERNANDEZ SUAREZ | |||||||||
| DIRECTOR | 1.00 | 40.00 | Yes (X) | $0 | $384,968 | $29,009 | |||
| MALCOLM BROWN | |||||||||
| DIRECTOR, AS OF 10/2023 | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ALBERT LORENZO | |||||||||
| DIRECTOR, AS OF 10/2023 | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| HUGO MANTILLA | |||||||||
| DIRECTOR, AS OF 2/2024 | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CARLOS A SOMOZA | |||||||||
| DIRECTOR, AS OF 2/2024 | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID ALMANSA | |||||||||
| EX-OFFICIO/FIU SGA, AS OF 5/2024 | 1.00 | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| SEAN GAZITUA | |||||||||
| EX-OFFICIO/FIU ALUMNI, AS OF 4/2024 | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| TINA M VIDAL-DUART | |||||||||
| ATHLETICS SUB-COMMITTEE CHAIR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ADRIANNE PERDOMO | |||||||||
| ASST. TREASURER | 40.00 | 0.00 | Yes (X) | $45,468 | $109,982 | $37,337 | |||
| PABLO G ORTIZ | |||||||||
| INTERIM CEO, 5/2023 - 11/2024 | 40.00 | 0.00 | Yes (X) | $70,609 | $319,077 | $127,360 | |||
| KENNETH C HALL | |||||||||
| CEO, AS OF 11/2024 | 40.00 | 0.00 | Yes (X) | $37,175 | $68,204 | $8,986 | |||
| SHIVANI JOSHI | |||||||||
| INTERIM AVP, UNTIL 8/2024 | 40.00 | 0.00 | $159,997 | $56,532 | $38,547 | Yes (X) | |||
| MELISSA HERNANDEZ | |||||||||
| CHIEF ADMINISTRATIVE OFFICER | 40.00 | 0.00 | $207,454 | $0 | $28,801 | Yes (X) | |||
| LINDA LEE MANAGE | |||||||||
| CCO/INTERIM CDO | 1.00 | 0.00 | $224,706 | $0 | $41,145 | Yes (X) | |||
| RAFAEL PROHIAS | |||||||||
| GENERAL COUNSEL | 40.00 | 0.00 | $0 | $202,502 | $36,078 | Yes (X) | |||
| HOWARD R LIPMAN | |||||||||
| FORMER CEO | 40.00 | 0.00 | $236,309 | $260,014 | $27,543 | Yes (X) | |||
| CAROLYN JACKSON | |||||||||
| FORMER AVP (HCE) | 40.00 | 0.00 | $143,212 | $17,542 | $21,321 | Yes (X) | |||
| ADY ARGUELLES | |||||||||
| FORMER DEVELOPMENT OFFICER (HCE) | 40.00 | 0.00 | $116,697 | $20,559 | $24,157 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,241,627 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $2,304,446 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $558,044 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 19 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| JPMORGAN CHASE | |||||
| 270 PARK AVENUE | NEW YORK | NY | 10017 | INVESTMENT OFFICER & CUSTODIAN | $601,022 |
| COMPASS GROUP USA INC | |||||
| 2400 YORKMONT ROAD | CHARLOTTE | NC | 28217 | CATERING SERVICES | $430,004 |
| SQUADUP INC | |||||
| 5877 OBAMA BLVD | LOS ANGELES | CA | 90016 | EVENT MANAGEMENT | $235,120 |
| MENA CATERING INC | |||||
| 7462 SW 48TH ST | MIAMI | FL | 33155 | CATERING SERVICES | $207,544 |
| HITEX MARKETING GROUP INC | |||||
| 1566 NW 108 AVE | MIAMI | FL | 33172 | PRINTING & ADVERTISING | $166,935 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 13 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $369,101 | MembershipDuesAmt |
| Fundraising | $490,227 | FundraisingAmt |
| All Other Contributions | $43,408,630 | AllOtherContributionsAmt |
| Noncash Contributions | $349,774 | NoncashContributionsAmt |
| Total Contributions | $44,267,958 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,138,864 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$87,476 | UnrelatedBusinessRevenueAmt |
| Exclusion | $7,226,340 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $238,330 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $483,516 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$245,186 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$245,186 | TotalRevenueColumnAmt |
| Exclusion | -$245,186 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $130,800,989 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $131,821,668 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$1,020,679 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,020,679 | TotalRevenueColumnAmt |
| Exclusion | -$1,020,679 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $55,145 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $490,227 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $388,939 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$333,794 | TotalRevenueColumnAmt |
| Exclusion | -$333,794 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $29,990 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $13,103 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,887 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $16,887 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MISCELLANEOUS INCOME | 900099 | $160,393 | $160,393 |
| WOLFSONIAN REVENUE | 900099 | $113,025 | $113,025 |
| ADMISSION REVENUE | 711210 | $36,587 | $36,587 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,756 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,756 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $312,761 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $50,136,811 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $329,648 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$87,476 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,626,681 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,079,519 | TotalAmt |
| Program Services | $47,079,519 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $474,436 | TotalAmt |
| Management And General | $257,002 | ManagementAndGeneralAmt |
| Fundraising | $217,434 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $433,080 | TotalAmt |
| Management And General | $234,599 | ManagementAndGeneralAmt |
| Fundraising | $198,481 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,324 | TotalAmt |
| Management And General | $22,927 | ManagementAndGeneralAmt |
| Fundraising | $19,397 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,135 | TotalAmt |
| Management And General | $23,366 | ManagementAndGeneralAmt |
| Fundraising | $19,769 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,633 | TotalAmt |
| Management And General | $25,261 | ManagementAndGeneralAmt |
| Fundraising | $21,372 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,648 | TotalAmt |
| Management And General | $3,648 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $104,750 | TotalAmt |
| Management And General | $104,750 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $403,428 | TotalAmt |
| Program Services | $403,428 | ProgramServicesAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,466 | TotalAmt |
| Fundraising | $142,466 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $711,933 | TotalAmt |
| Management And General | $711,933 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,000 | TotalAmt |
| Program Services | $2,000 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | FundraisingFundraisingAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| CAPITAL CAMPAIGN | $3,267,713 | $3,267,713 | ||
| BUSINESS OFFICE OPERATI | $1,292,313 | $128,296 | $1,164,017 | |
| ADVANCEMENT OPERATIONS | $721,133 | $721,133 | ||
| ANNUAL GIVING & PRESIDE | $678,696 | $678,696 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $402,243 | TotalAmt |
| Program Services | $98,881 | ProgramServicesAmt |
| Management And General | $24,173 | ManagementAndGeneralAmt |
| Fundraising | $279,189 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,849,450 | TotalAmt |
| Program Services | $47,712,124 | ProgramServicesAmt |
| Management And General | $2,571,676 | ManagementAndGeneralAmt |
| Fundraising | $5,565,650 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,907,086 | BOYAmt |
| EOY | $19,844,008 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,651,765 | BOYAmt |
| EOY | $32,197,652 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,662 | BOYAmt |
| EOY | $11,730 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,935 | BOYAmt |
| EOY | $46,177 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $25,597,895 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,444,274 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,963,620 | BOYAmt |
| EOY | $23,153,621 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $155,564,251 | BOYAmt |
| EOY | $170,726,819 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $222,283,760 | BOYAmt |
| EOY | $236,549,520 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $618,762 | BOYAmt |
| EOY | $988,295 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $445,054,887 | BOYAmt |
| EOY | $483,517,822 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $450,238 | BOYAmt |
| EOY | $546,820 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,331 | BOYAmt |
| EOY | $37,753 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,776 | BOYAmt |
| EOY | $49,129 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,870,480 | BOYAmt |
| EOY | $12,201,495 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,514,825 | BOYAmt |
| EOY | $12,835,197 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,871,116 | BOYAmt |
| EOY | $70,546,472 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,225,742 | BOYAmt |
| EOY | $7,127,263 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $372,443,204 | BOYAmt |
| EOY | $393,008,890 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $437,540,062 | BOYAmt |
| EOY | $470,682,625 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $445,054,887 | BOYAmt |
| EOY | $483,517,822 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$5,712,639 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $40,674,939 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,819,737 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $34,204,109 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $96,274,799 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $42,053,425 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $46,759,330 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $44,267,958 | CurrentTaxYearAmt |
| Total | $263,559,621 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,283,478 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,341,891 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,357,991 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,359,657 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,029,948 | CurrentTaxYearAmt |
| Total | $7,372,965 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $35,487,587 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $97,616,690 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $43,411,416 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $48,118,987 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $46,297,906 | CurrentTaxYearAmt |
| Total | $270,932,586 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $9,763,828 | SubstantialContributorsTotAmt |
| Public Support Total170 | $261,168,758 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,654,996 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,287,318 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $10,661,717 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,097,137 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,464,670 | CurrentTaxYearAmt |
| Total | $32,165,838 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $303,098,424 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $874,755 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.86170 | PublicSupportCY170Pct |
| Public Support PY170 | 0.88050 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| 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) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $403,428 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $403,428 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $47,308,696 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $47,712,124 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $1,000,000 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $250,000 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $1,000,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $1,000,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $1,000,000 | CurrentYearMinus1Amt |
| Current Year | $1,000,000 | CurrentYearAmt |
| Total | $4,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $6,000,000 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $361,430 | CurrentYearMinus3Amt |
| Current Year Minus2 | $484,806 | CurrentYearMinus2Amt |
| Current Year Minus1 | $413,959 | CurrentYearMinus1Amt |
| Current Year | $403,428 | CurrentYearAmt |
| Total | $1,663,623 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $250,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $250,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $250,000 | CurrentYearMinus1Amt |
| Current Year | $250,000 | CurrentYearAmt |
| Total | $1,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,500,000 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | Yes (1) | AgentTrusteeEtcInd |
| Beginning Balance | $12,142,681 | BeginningBalanceAmt |
| Additions During Year | $3,581,610 | AdditionsDuringYearAmt |
| Distributions During Year | $493,874 | DistributionsDuringYearAmt |
| Ending Balance | $15,230,417 | EndingBalanceAmt |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $306,631,350 | BeginningYearBalanceAmt |
| Contributions | $10,790,829 | ContributionsAmt |
| Investment Earnings Or Losses | $36,109,080 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $11,874,578 | OtherExpendituresAmt |
| Administrative Expenses | $3,921,395 | AdministrativeExpensesAmt |
| End Year Balance | $337,735,286 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $284,292,410 | BeginningYearBalanceAmt |
| Contributions | $6,590,144 | ContributionsAmt |
| Investment Earnings Or Losses | $29,140,468 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $13,391,672 | OtherExpendituresAmt |
| End Year Balance | $306,631,350 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $276,410,044 | BeginningYearBalanceAmt |
| Contributions | $45,173,370 | ContributionsAmt |
| Investment Earnings Or Losses | -$24,121,505 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $13,169,499 | OtherExpendituresAmt |
| End Year Balance | $284,292,410 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $218,684,250 | BeginningYearBalanceAmt |
| Contributions | $6,375,715 | ContributionsAmt |
| Investment Earnings Or Losses | $63,059,221 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $11,709,142 | OtherExpendituresAmt |
| End Year Balance | $276,410,044 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $216,382,258 | BeginningYearBalanceAmt |
| Contributions | $7,769,388 | ContributionsAmt |
| Investment Earnings Or Losses | $6,150,622 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $11,618,018 | OtherExpendituresAmt |
| End Year Balance | $218,684,250 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 0.63200 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.36800 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $15,600,000 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $3,533,558 | OtherCostOrOtherBasisAmt |
| Book Value | $19,133,558 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,558,312 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,652,792 | DepreciationAmt |
| Book Value | $3,905,520 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $884,025 | OtherCostOrOtherBasisAmt |
| Depreciation | $791,482 | DepreciationAmt |
| Book Value | $92,543 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $22,000 | OtherCostOrOtherBasisAmt |
| Book Value | $22,000 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $23,153,621 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INTERNATIONAL EQUITY SECURITY | $96,673,634 | F |
| CORPORATE BONDS | $41,698,238 | F |
| LIMITED PARTNERSHIPS | $97,164,663 | F |
| HEDGE FUNDS | $1,012,985 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $236,549,520 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DUE TO FLORIDA INTERNATIONAL UNIVERSITY | $11,774,252 |
| SPLIT INTEREST OBLIGATION | $427,243 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $12,201,495 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $97,039,547 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $40,674,939 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $7,849,606 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$1,795,434 | OtherRevenueAmt |
| Revenue Not Reported | $46,729,111 | RevenueNotReportedAmt |
| Revenue Subtotal | $50,310,436 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $711,933 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$885,558 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$173,625 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $50,136,811 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $63,883,311 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $7,849,606 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $896,188 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $8,745,794 | ExpensesNotReportedAmt |
| Expenses Subtotal | $55,137,517 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $711,933 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $711,933 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $55,849,450 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 1B: | IN MARCH 2016, THE NATIONAL INSTITUTES OF HEALTH ("NIH") AWARDED A GRANT IN THE AMOUNT OF $9,500,000 TO THE UNIVERSITY, WITH ANNUAL INSTALLMENTS IN THE AMOUNT OF $1,900,000 PAYABLE OVER FIVE YEARS IN SUPPORT OF RESEARCH IN THE AREA OF MINORITY HEALTH AND HEALTH DISPARITIES. IN JULY 2023, NIH AWARDED ANOTHER GRANT IN THE AMOUNT OF $10,000,000 TO THE UNIVERSITY, WITH ANNUAL INSTALLMENTS IN THE AMOUNT OF $2,000,000 PAYABLE OVER FIVE YEARS IN SUPPORT OF FIU-HEALTH DISPARITIES INITIATIVE. 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 $11,500,000 AS OF JUNE 30, 2024 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 $37,753. |
| 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, 2024 AND 2023, 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. IF THE FOUNDATION WERE TO INCUR AN INCOME TAX LIABILITY IN THE FUTURE, INTEREST AND PENALTIES WOULD BE REPORTED AS INCOME TAXES. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | BAD DEBT EXPENSES NETTED WITH CONTRIBUTIONS ON FS -1,795,434. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RENTAL EXPENSES REPORTED ON 990 PART VIII -483,516. SPECIAL EVENT EXPENSES REPORTED ON 990 PART VIII -388,939. COGS REPORTED ON 990 PART VIII -13,103. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | EXPENSES FROM RELATED ORGANIZATION (REPORTED ON CONSOLIDATED FS) 10,630. RENTAL EXPENSES REPORTED ON 990 PART VIII 483,516. SPECIAL EVENT EXPENSES REPORTED ON 990 PART VIII 388,939. COGS REPORTED ON 990 PART VIII 13,103. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | INVESTMENTS | TypeOfActivitiesConductedTxt |
| Specific Services Provided | N/A | SpecificServicesProvidedTxt |
| Region Total Expenditures | $14,488,929 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $14,488,929 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $14,488,929 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SUPERLATIVE GROUP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2843 FRANKLIN BLVD | AddressLine1Txt |
| City | CLEVELAND | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44113 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | SPONSORSHIP & NAMING RIGHTS CONSULTING SERVICES | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $0 | GrossReceiptsAmt |
| Retained By Contractor | $142,466 | RetainedByContractorAmt |
| Net To Organization | $142,466 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $142,466 | TotalRetainedByContractorsAmt |
| Total Net To Organization | $142,466 | TotalNetToOrganizationAmt |
| Licensed States | AK | LicensedStatesCd |
| Licensed States | CA | LicensedStatesCd |
| Licensed States | CO | LicensedStatesCd |
| Licensed States | FL | LicensedStatesCd |
| Licensed States | KY | LicensedStatesCd |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | MD | LicensedStatesCd |
| Licensed States | ME | LicensedStatesCd |
| Licensed States | MN | LicensedStatesCd |
| Licensed States | ND | LicensedStatesCd |
| Licensed States | NH | LicensedStatesCd |
| Licensed States | NJ | LicensedStatesCd |
| Licensed States | NV | LicensedStatesCd |
| Licensed States | NY | LicensedStatesCd |
| Licensed States | OH | LicensedStatesCd |
| Licensed States | OK | LicensedStatesCd |
| Licensed States | OR | LicensedStatesCd |
| Licensed States | PA | LicensedStatesCd |
| Licensed States | SC | LicensedStatesCd |
| Licensed States | UT | LicensedStatesCd |
| Licensed States | WA | LicensedStatesCd |
| Licensed States | WI | LicensedStatesCd |
| Licensed States | WV | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | NURSING 50TH ANNIVERSARY | Event1Nm |
| Gross Receipts Event1 | $241,360 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $218,272 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $23,088 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $8,748 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $56,726 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $2,885 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $55,208 | OtherDirectExpensesEvent1Amt |
| Event2 | BREW MIAMI | Event2Nm |
| Gross Receipts Event2 | $61,879 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $42,467 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $19,412 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $9,446 | RentFacilityCostsEvent2Amt |
| Entertainment Event2 | $47,355 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $20,451 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 5 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $234,140 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $223,256 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $10,884 | GrossRevenueOtherEventsAmt |
| Rent Fclty Costs Other Events | $22,040 | RentFcltyCostsOtherEventsAmt |
| Food And Beverage Other Events | $22,357 | FoodAndBeverageOtherEventsAmt |
| Entertainment Other Events | $11,336 | EntertainmentOtherEventsAmt |
| Oth Direct Expnss Other Events | $129,390 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $537,379 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $483,995 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $53,384 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $40,234 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $79,083 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $61,576 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $205,049 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $385,942 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$332,558 | NetIncomeSummaryAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE G, PART I, LINE 2B, COLUMN (V) | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION MADE PAYMENTS TO THE SUPERLATIVE GROUP FOR SPONSORSHIP AND NAMING RIGHTS CONSULTING SERVICES. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FLORIDA INTERNATIONAL UNIVERSITY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11200 SW 8TH STREET | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33199 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 650177616 | RecipientEIN |
| IRC Section | 115(1) | IRCSectionDesc |
| Cash Grant | $47,079,519 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | UNIVERSITY/STUDENT ASSISTANCE | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ALL GRANT FUNDS ARE REVIEWED FOR COMPLIANCE WITH DONOR INTENT AND DISBURSED OR TRANSFERRED IN SUPPORT OF FLORIDA INTERNATIONAL UNIVERSITY. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ELIZABETH M BEJAR | ||||||||||||||
| EX-OFFICIO/FIU PROVOST | $0 | $507,786 | $0 | $0 | $0 | $0 | $0 | $44,029 | $0 | $21,857 | $0 | $573,672 | $0 | $0 |
| HOWARD R LIPMAN | ||||||||||||||
| FORMER CEO | $236,309 | $260,014 | $0 | $0 | $0 | $0 | $7,916 | $8,710 | $5,198 | $5,719 | $249,423 | $274,443 | $0 | $0 |
| PABLO G ORTIZ | ||||||||||||||
| INTERIM CEO, 5/2023 - 11/2024 | $70,609 | $319,077 | $0 | $0 | $0 | $0 | $19,130 | $86,448 | $3,947 | $17,835 | $93,686 | $423,360 | $0 | $0 |
| YOLANGEL HERNANDEZ SUAREZ | ||||||||||||||
| DIRECTOR | $0 | $384,968 | $0 | $0 | $0 | $0 | $0 | $28,966 | $0 | $43 | $0 | $413,977 | $0 | $0 |
| LINDA LEE MANAGE | ||||||||||||||
| CCO/INTERIM CDO | $224,706 | $0 | $0 | $0 | $0 | $0 | $21,289 | $0 | $19,856 | $0 | $265,851 | $0 | $0 | $0 |
| SHIVANI JOSHI | ||||||||||||||
| INTERIM AVP, UNTIL 8/2024 | $159,997 | $56,532 | $0 | $0 | $0 | $0 | $13,811 | $4,880 | $14,672 | $5,184 | $188,480 | $66,596 | $0 | $0 |
| RAFAEL PROHIAS | ||||||||||||||
| GENERAL COUNSEL | $0 | $202,502 | $0 | $0 | $0 | $0 | $0 | $25,229 | $0 | $10,849 | $0 | $238,580 | $0 | $0 |
| MELISSA HERNANDEZ | ||||||||||||||
| CHIEF ADMINISTRATIVE OFFICER | $207,454 | $0 | $0 | $0 | $0 | $0 | $19,597 | $0 | $9,204 | $0 | $236,255 | $0 | $0 | $0 |
| NOEL C BARENGO | ||||||||||||||
| EX-OFFICIO, UNTIL 9/2023 | $0 | $182,514 | $0 | $0 | $0 | $0 | $0 | $17,148 | $0 | $19,856 | $0 | $219,518 | $0 | $0 |
| SNEH GULATI | ||||||||||||||
| EX-OFFICIO, AS OF 9/2023 | $0 | $164,648 | $0 | $0 | $0 | $0 | $0 | $15,014 | $0 | $19,856 | $0 | $199,518 | $0 | $0 |
| ADRIANNE PERDOMO | ||||||||||||||
| ASST. TREASURER | $45,468 | $109,982 | $0 | $0 | $0 | $0 | $5,113 | $12,368 | $5,808 | $14,048 | $56,389 | $136,398 | $0 | $0 |
| CAROLYN JACKSON | ||||||||||||||
| FORMER AVP (HCE) | $143,212 | $17,542 | $0 | $0 | $0 | $0 | $10,150 | $1,243 | $8,845 | $1,083 | $162,207 | $19,868 | $0 | $0 |
| ADY ARGUELLES | ||||||||||||||
| FORMER DEVELOPMENT OFFICER (HCE) | $116,697 | $20,559 | $0 | $0 | $0 | $0 | $10,691 | $1,883 | $9,848 | $1,735 | $137,236 | $24,177 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE FOUNDATION WILL REIMBURSE CARRIER EXPENSES FOR COACH. BUSINESS CLASS TRAVEL OR ONE UPGRADE MAY BE REIMBURSED FOR THE UNIVERSITY PRESIDENT, FOUNDATION CEO, FOUNDATION CDO, VICE-PRESIDENTS, AND DEANS. IF ANY OTHER EMPLOYEE WISHES TO FLY BUSINESS CLASS FOR AN INTERNATIONAL TICKET EXCEEDING 4 HOURS, APPROVAL IS REQUIRED PRIOR TO TICKET PURCHASE FROM VICE-PRESIDENT OR DEAN. FOR ANY TRAVELER, FIRST CLASS TRAVEL, ONLY IF EXCEEDING 4 HOURS, MUST HAVE APPROVAL GRANTED FROM THE FOUNDATION CEO AND DEPARTMENT'S CORRESPONDING VICE PRESIDENT, PRIOR TO THE TRAVEL OCCURRING. |
| PART I, LINE 3 | THE ORGANIZATION RELIED ON FLORIDA INTERNATIONAL UNIVERSITY (FIU), A RELATED ORGANIZATION, TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO. THE PROCESS TO HIRE THE ORGANIZATION'S CEO INCLUDES A WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE ORGANIZATION'S BOARD OF DIRECTORS. THE PROCESS TO HIRE OTHER OFFICERS OR KEY EMPLOYEES INCLUDES A DETAILED REVIEW OF FIU'S COMPENSATION DEPARTMENT, WHICH INCLUDES AN ANALYSIS OF COMPARABLE SALARIES WITHIN FIU AND THE FLORIDA STATE UNIVERSITY SYSTEM. |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 19 | ContributionCnt |
| Noncash Contributions Rpt F990 | $349,774 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. |
| 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. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART V, LINES 2A AND 2B | THE NUMBER OF EMPLOYEES REPORTED ON PART V, LINE 2A REPRESENTS THE NUMBER OF EMPLOYEES OF THE FILING ORGANIZATION DURING THE TAX YEAR 2023 WHICH WERE REPORTED ON FORM W-3 BY FLORIDA INTERNATIONAL UNIVERSITY (FIU). SIMILARLY THE SALARY EXPENSES WERE ALL REPORTED ON FORM 941, EMPLOYER'S QUARTERLY FEDERAL TAX RETURN, OF FIU. |
| FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE OF THE DIRECTORS OF THE FOUNDATION SHALL HAVE AND MAY EXERCISE ALL POWERS AND AUTHORITY OF THE BOARD WHEN THE DIRECTORS ARE NOT IN SESSION, SUBJECT ONLY TO SUCH RESTRICTIONS OR LIMITATIONS AS THE DIRECTORS MAY FROM TIME TO TIME SPECIFY, EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL HAVE NO AUTHORITY TO ALTER, AMEND, OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS OF THE FOUNDATION, TO REMOVE DIRECTORS OR OFFICERS OR TO ELECT OFFICERS. THE EXECUTIVE COMMITTEE MAY ELECT DIRECTORS THAT HAVE BEEN RECOMMENDED BY THE MEMBERSHIP & BOARD MANAGEMENT COMMITTEE, PROVIDED THAT THE MEMBERSHIP & BOARD MANAGEMENT COMMITTEE CIRCULATES ITS RECOMMENDATIONS TO THE FULL BOARD PRIOR TO THE EXECUTIVE COMMITTEE MEETING WHERE NEW DIRECTORS WILL BE ELECTED. THE EXECUTIVE COMMITTEE SHALL MEET AT THE CALL OF THE CHAIRPERSON OF THE DIRECTORS. A MAJORITY OF THE VOTING MEMBERS OF THE EXECUTIVE COMMITTEE SHALL CONSTITUTE A QUORUM AND A MAJORITY VOTE OF THE VOTING MEMBERS OF THE COMMITTEE PRESENT, AFTER A QUORUM HAS BEEN DECLARED, SHALL BE REQUIRED TO ENACT BUSINESS OF THE EXECUTIVE COMMITTEE. WHEN URGENCY PRECLUDES A FORMAL MEETING, MATTERS MAY BE HANDLED BY TELEPHONE IN ACCORDANCE WITH PROVISIONS OF THESE BYLAWS AND THE REQUIREMENTS OF FLORIDA LAW REGARDING MEETINGS OF THE DIRECTORS. ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE DIRECTORS AT THE NEXT ENSUING MEETING OF THE BOARD, OR WHEN DEEMED SUFFICIENTLY IMPORTANT BY THE CHAIRPERSON AND THE UNIVERSITY PRESIDENT, SUCH ACTIONS SHALL BE REPORTED TO THE DIRECTORS WITHIN THIRTY (30) DAYS AFTER SUCH ACTION IS TAKEN, OR AT A MEETING OF THE DIRECTORS IF A MEETING IS HELD WITHIN THAT PERIOD OF TIME. ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE INCLUDED IN THE MINUTES OF THE BOARD. |
| FORM 990, PART VI, SECTION A, LINE 2 | RAKESH SARNA, DIRECTOR, AND RACHANEE SARNA, DIRECTOR HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION UPDATED ITS BYLAWS AS OF 10/21/2023. SUCH REVISIONS INCLUDE THE FOLLOWING: 1. THE DESIGNATED EX OFICIO MEMBERS SHALL INCLUDE THE UNIVERSITY PRESIDENT, THE VICE CHAIR OF THE FACULTY SENATE, THE VICE PRESIDENT OF THE STUDENT GOVERNMENT ASSOCIATION, THE PRESIDENT OF THE ALUMNI ASSOCIATION, THE CHAIRPERSON OF THE FIU PRESIDENT'S COUNCIL, AND OTHERS WHO MAY BE DESIGNATED BY THE DIRECTORS FROM TIME TO TIME. 2. ADDITION OF THE ATHLETICS SUB-COMMITTEE. THE ATHLETICS SUB-COMMITTEE SHALL BE A SUBCOMMITTEE OF THE DEVELOPMENT MANAGEMMENT COMMITTEE. THE ATHLETICS SUB-COMMITTEE SHALL BE RESPONSIBLE FOR SUPPORTING THE FOUNDATION'S OVERALL EFFORTS FOR FUNDRAISING FOR FIU ATHLETICS, AND, ON BEHALF OF THE FOUNDATION, PROVIDE SUPPORT FOR ENGAGING FANS, ALUMNI AND LOYAL SUPPORTERS OF FIU ATHLETICS IN ORDER TO GENERATE FINANCIAL CONTRIBUTIONS FOR THE PURPOSE OF ENRICHING THE OVERALL EDUCATIONAL AND ATHLETIC EXPERIENCE FOR ALL FIU STUDENT-ATHLETES. 3. ADDITION OF THE FOUNDATION ENTERPRISE GROWTH COMMITTEE. THE FOUNDATION ENTERPRISE GROWTH COMMITTEE SHALL BE RESPONSIBLE FOR IDENTIFYING AND ANALYZING POTENTIAL ALTERNATIVE REVENUE STREAMS FOR THE FOUNDATION, THAT ARE ALIGNED WITH THE UNIVERSITY'S VALUES AND GOALS, THAT MAY RESULT IN POTENTIAL INCREMENTAL FUNDING OPPORTUNITIES (I.E., BY LEVERAGING NEWLY ACQUIRED OR EXISTING FOUNDATION TANGIBLE OR INTANGIBLE ASSETS) THAT WOULD IN TURN ALLOW THE FOUNDATION TO ACHIEVE IMPROVED ORGANIZATIONAL SELF-SUFFICIENCY. 4. CHANGING THE REAL ESTATE SUB-COMMITTEE TO BE A SUBCOMMITTEE OF THE FOUNDATION ENTERPRISE GROWTH COMMITTEE, RATHER THAN THE FINANCE COMMITTEE. 5. ADDITION OF THE FIU VENTURES SUB-COMMITTEE. THE FIU VENTURES SUB-COMMITTEE SHALL BE A SUBCOMMITTEE OF THE FOUNDATION ENTERPRISE GROWTH COMMITTEE. THE FIU VENTURES SUB-COMMITTEE SHALL BE RESPONSIBLE FOR THE ORGANIZATION AND MANAGEMENT OF A FOUNDATION INVESTMENT FUND THAT WILL SEEK TO RAISE CAPITAL FROM ACCREDITED INVESTORS WITH THE GOAL OF MAKING EQUITY INVESTMENTS IN EARLY-STAGE, HIGH GROWTH COMPANIES. ALL ACTIONS OF THE FIU VENTURES SUB-COMMITTEE SHALL BE REPORTED TO AND APPROVED BY THE FOUNDATION ENTERPRISE GROWTH COMMITTEE. 6. INCLUDING LANGUAGE THAT CANDIDATES FOR SPECIAL MEMBERSHIP WILL BE REVIEWED BY THE CHAIRPERSON OF THE MEMBERSHIP AND BOARD GOVERNANCE, SUBJECT TO THE CONFIRMATION BY THE MEMBERSHIP AND BOARD GOVERNANCE COMMITTEE, BASED UPON CERTAIN CRITERIA AND SUBJECT TO CERTAIN DUTIES, OBLIGATIONS AND TERM REQUIREMENTS AS ESTABLISHED BY THE BOARD FROM TIME TO TIME. 7. UPDATING CHAIRPERSON EMERITUS TO HONOR PAST CHAIRPERSONS OF THE BOARD WHO HAVE RENDERED EXTRAORDINARY SERVICE TO THE FOUNDATION. |
| 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 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 | ALL EMPLOYEES ARE DIRECTLY PAID BY FLORIDA INTERNATIONAL UNIVERSITY (FIU); HOWEVER, THE FUNDING SOURCE FOR EACH EMPLOYEE MAY BE SPLIT BETWEEN FOUNDATION AND FIU. THE PROCESS TO HIRE THE FOUNDATION'S CEO INCLUDES A WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE FOUNDATION BOARD OF DIRECTORS. THE PROCESS TO HIRE OTHER OFFICERS OR KEY EMPLOYEES INCLUDES A DETAILED REVIEW OF FIU'S COMPENSATION DEPARTMENT, WHICH INCLUDES AN ANALYSIS OF COMPARABLE SALARIES WITHIN FIU AND THE FLORIDA STATE UNIVERSITY SYSTEM. |
| 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 -24,303. PROVISION FOR UNCOLLECTIBLE PROMISE -1,795,434. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| FOUNDATION ENTERPRISE HOLDINGS I LLC | |||||||||
| 11200 SW 8TH STREET | MIAMI | FL | 33199 | 272586968 | BENEFIT FOUNDATION | FL | $236,778 | $1,540,129 | FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC |
| FOUNDATION ENTERPRISE HOLDINGS II LLC | |||||||||
| 11200 SW 8TH STREET | MIAMI | FL | 33199 | 461339057 | BENEFIT FOUNDATION | FL | $7,256 | $2,525,373 | FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC |
| FOUNDATION ENTERPRISE HOLDINGS V LLC | |||||||||
| 11200 SW 8TH STREET | MIAMI | FL | 33199 | 822481503 | BENEFIT FOUNDATION | FL | $0 | $15,600,317 | FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC |
| FOUNDATION ENTERPRISE HOLDINGS VI LLC | |||||||||
| 11200 SW 8TH STREET | MIAMI | FL | 33199 | 352753355 | BENEFIT FOUNDATION | FL | $0 | $3,534,349 | FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| FLORIDA INTERNATIONAL UNIVERSITY | ||||||||||
| 11200 SW 8TH STREET | MIAMI | FL | 33199 | 650177616 | EDUCATION | FL | 115(1) | N/A | N/A | 0 |
| THE WOLFSONIAN INC | ||||||||||
| 11200 SW 8TH STREET | MIAMI | FL | 33199 | 592741851 | BENEFIT UNIVERSITY | FL | 501(C)(3) | LINE 7 | N/A | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (7 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| FLORIDA INTERNATIONAL UNIVERSITY | ||
| B | $47,079,519 | FMV |
| FLORIDA INTERNATIONAL UNIVERSITY | ||
| C | $7,849,606 | FMV |
| FLORIDA INTERNATIONAL UNIVERSITY | ||
| J | $238,330 | FMV |
| FLORIDA INTERNATIONAL UNIVERSITY | ||
| M | $76,950 | FMV |
| FLORIDA INTERNATIONAL UNIVERSITY | ||
| P | $5,012,167 | FMV |
| FLORIDA INTERNATIONAL UNIVERSITY | ||
| E | $11,774,252 | FMV |
| FLORIDA INTERNATIONAL UNIVERSITY | ||
| D | $336,064 | FMV |