2014-02-17T14:20:00-07:00 2013-06-30 990 2012-07-01 590668483 FLORIDA MEMORIAL UNIVERSITY INC FLOR 3054300339 15800 NW 42nd AVENUE MIAMI GARDENS FL 330546155 Cynthia Curry 3056263614 2014-02-15 2012 2015-11-30 17:44:51Z Dr Roslyn Clark Artis 15800 NW 42nd Avenue Miami Gardens FL 33054 38003600 0 X FMUNIV.EDU X 1862 FL EDUCATION 30 28 486 0 0 8378330 8129850 31957032 29298560 290986 286556 483510 288634 41109858 38003600 4112365 4231289 0 0 20470008 19499527 0 0 1039519 20401419 17201349 44983792 40932165 -3873934 -2928565 75772422 69414478 44731658 41002157 31040764 28412321 Education - Florida Memorial University endeavors to instill in students the importance of becoming global citizens through life-long learning, leadership, character, and service, which will enhance their lives and the lives of others. 0 0 2671760 731791 406649 Student Services Programs: Support services and activities surrounding students. The University has approximately 1,550 students. 2297641 1783188 15976197 Academic Support: Educational Delivery; General & Other: Support Staff (Deans, secretaries, and administration) to carry out the functional support duties of the instructional unit (~1,550 students). 5971136 1109284 638855 Instructional: The University offers programs designed to liberally educate students in a postindustrial, high technology society. There are educational programs through the Divisions of Airway and Computer Sciences, Business Administration, Education and Humanities, Natural Sciences, Mathematics, Social Sciences, and the nondegree General College Division and Division of Lifelong Learning. 16036310 814570 5574416 Education, General/Other: Institutional Support. Infrastructure to support the University and carryout it's primary goal of educating students. (~1550 students). Includes auxiliary expenses, business & fiscal, and presidents office under Depts. 100, 300, & 500 as well. Also includes student aid & discounts (shown contra-revenue in financial statements). 16036310 814570 5574416 26976847 1 1 0 1 0 1 1 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 57 0 1 486 1 0 0 0 0 0 0 X 30 28 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X Rodney Sobelson 3054300339 15800 NW 42nd Avenue Miami Gardens FL 330546155 Viera Galloway 0.5 0 X 0 0 0 Rev Dr R B Holmes Jr 0.5 0 X 0 0 0 Mr Frederick Fred Jackson 0.5 0 X 0 0 0 Mr Marc T Henderson 0.5 0 X 0 0 0 Ms Roberta Kressel 0.5 0 X 0 0 0 Rev Wayne B Lomax Pastor 0.5 0 X 0 0 0 Rev Stephen John Thurston 0.5 0 X 0 0 0 Mrs Barbara Wright 0.5 0 X 0 0 0 Sharon Wilson Esq 0.5 0 X 0 0 0 Bishop Billy Baskin 0.5 0 X 0 0 0 Dr Gershwin T Blyden 0.5 0 X 0 0 0 Dr Gwendolyn V Boyd 0.5 0 X 0 0 0 Bishop Victor T Curry 0.5 0 X 0 0 0 Mr William McCormick 0.5 0 X 0 0 0 Mr E Ray Smith 0.5 0 X 0 0 0 JoLinda L Herring 0.5 0 X 0 0 0 Sharon Wamble King 0.5 0 X 0 0 0 Michael Smith 0.5 0 X 0 0 0 Brian Phillip 0.5 0 X 0 0 0 Rev Marcus D Davidson 0.5 0 X 0 0 0 Dr Robert Strain 40 0 X 57476 0 5528 Dr Kelly E Brown 0.5 0 X 0 0 0 Ricardo Forbes 0.5 0 X 0 0 0 Virginia Hayes 0.5 0 X 0 0 0 Rev David G Horton 0.5 0 X 0 0 0 Sergio Pereira 0.5 0 X 0 0 0 Mr Charles W George Chairman 1 0 X 0 0 0 Mr Horace C Hord Jr 1 0 X 0 0 0 Rev Dr Henry T Rhim 1 0 X 0 0 0 Mr John W Ruffin Jr 1 0 X 0 0 0 Dr John Berry 40 0 X 0 0 0 Danneal Jones 40 0 X 120000 0 6236 Dr Roslyn Clark Artis 40 0 X 0 0 0 Cynthia W Curry 40 0 X 0 0 0 Roscoe Warren 40 0 X 112683 0 20319 Denise Callwood-Brathwaite 40 0 X 116418 0 36774 Dr William Hopper 40 0 X 112279 0 22622 Makola Abdullah 40 0 X X 200850 0 19297 Harold Clarke 40 0 X X 126756 0 27900 Henry Lewis III 40 0 X X 216300 0 29875 Mary A O'Banner 40 0 X X 148558 0 31559 Sandra Thompson 40 0 X X 127124 0 24265 Tony Valentine 40 0 X X 140379 0 15787 Adrienne Wright 40 0 X X 128750 0 12300 Barbara Edwards 40 0 X 126756 0 27900 1734329 0 280362 16 1 1 0 Thompson Hospitality Services 505 Huntmar Park Drive Suite 300 Herndon VA 20170 Cafeteria foodservice 2454974 Allied Barton Security Services 6000 W Hillsboro Boulevard Deerfield Beach FL 33441 Security 671730 Cisco 170 West Tasman Drive San Jose CA 95134 Telecommunications 664418 Aramark 22506 Network Services Chicago IL 606731225 Custodial Housekeeping & Landscaping 2334483 Florida Power & Light General Mail Facility Miami FL 33188 Electricity 851158 21 0 0 0 0 7365074 764776 0 8129850 Tuition & Fees Gross of Student Aid & Discounts 611310 24367524 24367524 0 0 Auxiliary Enterprises 611310 4931036 4931036 0 0 0 0 0 0 29298560 286556 286556 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 288634 288634 0 0 288634 38003600 29873750 0 0 0 0 4231289 4231289 0 0 0 0 1286827 797518 452861 36448 0 0 0 0 14621138 9061525 5145482 414131 1167692 723683 410935 33074 1307621 810405 460179 37037 1116249 691801 392831 31617 4359647 2701914 1534250 123483 0 0 0 0 216443 134141 76171 6131 90000 55778 31673 2549 1913635 1185985 673448 54202 37088 22986 13052 1050 263236 163142 92638 7456 484752 300428 170594 13730 178941 110900 62973 5068 594591 368501 209249 16841 83788 51928 29487 2373 1077353 667695 379143 30515 2452655 1520046 863140 69469 1197273 742016 421345 33912 Repairs and Maintenance 658085 407851 231594 18640 Utilities and Property Taxes 1577426 977618 555129 44679 Bad Debt Expense 629070 389869 221383 17818 Miscellaneous Expense 975924 604834 343448 27642 411442 254994 144794 11654 40932165 26976847 12915799 1039519 10759690 6348816 2145182 1455448 1446456 2068181 0 0 0 0 1442699 1373855 87230941 40137109 47922123 47093832 11825056 10778334 0 0 0 0 0 0 231216 296012 75772422 69414478 4729078 2860044 0 2847104 944753 35157403 35376886 0 0 0 0 0 0 0 0 1998073 1820474 44731658 41002157 X 22192810 19408680 4312881 4404421 4535073 4599220 31040764 28412321 75772422 69414478 -2928565 300122 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 90000 0 0 90000 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The University outsources its governmental lobbying efforts to an outside law firm. All such expenses are directly to that firm for lobbying related activities. 81 0 64147 0 0 0 4599220 0 1 1 X 1 100 0 0 0 1 0 10 1200 0 10379481 64147 505144 100853 1500025 71746 9276148 9759393 301464 345906 0 0 27282 10379481 9019863 17092 745511 0 0 23073 9759393 8445118 23116 617267 0 0 65638 9019863 9436974 104438 -1009315 0 0 86979 8445118 0.52 0.48 0 0 0 0 678023 678023 0 65238514 19288177 45950337 0 0 0 0 0 18162607 18446275 -283668 0 3151797 2402657 749140 47093832 0 Deferred Aramark & Thompson Hosp Upfront Contrib 639850 Agency Liabilities 413370 Designated Scholarships Payable 741392 Capital Lease Payable 25862 1820474 X 36457109 300123 0 0 0 300123 36156986 0 1846614 1846614 38003600 39085552 0 0 0 0 0 39085552 0 1846613 1846613 40932165 SchD_P02_S00_L09 Schedule D, Part II, Line 9 100 acres of wetlands designated by the State of Florida on land in St Johns County in the City of St Augustine. The land is included within land within property, plant, and equipment on its audited financial statements and within footnote 4 of the June 30 2013 audited financial statements. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The primary use of the University's endowment funds are to provide scholarships to students attending the University. SchD_P10_S00_L02 Schedule D, Part X, Line 2 Within Footnote 1, Summary of Significant Accounting Policies, the University follows the provisions of ASC 740, Income Taxes, and has determined that as of June 30, 2013 and 2012, the University had no material unrecognized tax benefits. The University does not expect that unrecognized tax benefits will materially increase within the next twelve months. SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Represents student aid and discounts, which are recognized as contra-revenue for purposes of the audited financial statements, but are recognized as expenses for purposes of the Form 990 return. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Represents student aid and discounts of $1,846,614 ($1 rounding), which are recognized as contra-revenue for purposes of the audited financial statements, but included within expenses for purposes of the Form 990 return. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 It is advertised on our website, as well as including in print and television advertising for upcoming registration periods. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The University receives Federal Title IV program financial aid and also participates in and receives State of Florida financial aid as well. In addition, the University receives Federal Title III, Dept of Defense, Naval, TRIO Cluster, and Air Force funding. 1 The grants and other assistance reflected in column B of the Statement of Functional Expenses herein refers to student institutional scholarships and discounts. These scholarships are noncash expenditures. 294 0 4231289 Fair market value of scholarship based on University rates for tuition, fees, room, and board The noncash assistance consists of various amounts of merit and need based scholarships and discounts provided to students to reduce their tuition, fees, room, and board, thus allowing them to pursue their education. SchI_P01_S00_L02 Schedule I, Part I, Line 2 The scholarship related records are maintained in the Financial Aid office. There is a scholarship committee established to formulate guidelines and procedures as to the eligibility and criteria for each scholarship being awarded. Additionally, records supporting non scholarship type grants are also maintained between grant accounting and the Office of Grants and Sponsored Research. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Dr Robert Strain 57476 0 0 0 0 0 5528 0 0 0 63004 0 0 0 Danneal Jones 120000 0 0 0 0 0 6236 0 0 0 126236 0 131002 0 Roscoe Warren 112683 0 0 0 0 0 14358 0 14358 0 141399 0 134240 0 Denise Callwood-Brathwaite 116418 0 0 0 0 0 11232 0 25542 0 153192 0 144643 0 Dr William Hopper 112279 0 0 0 0 0 9845 0 12777 0 134901 0 140857 0 Makola Abdullah 200850 0 0 0 0 0 13336 0 5961 0 220147 0 225337 0 Harold Clarke 126756 0 0 0 0 0 15987 0 11913 0 154656 0 146752 0 Henry Lewis III 216300 0 0 0 0 0 15474 0 14401 0 246175 0 252309 0 Mary A O'Banner 148558 0 0 0 0 0 18782 0 12777 0 180117 0 176341 0 Sandra Thompson 127124 0 0 0 0 0 13546 0 10719 0 151389 0 151893 0 Tony Valentine 140379 0 0 0 0 0 9826 0 5961 0 156166 0 155704 0 Adrienne Wright 128750 0 0 0 0 0 6693 0 5607 0 141050 0 142452 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The President of the University is allotted a monthly housing allowance and receives a capped personal spending card to expedite and promote the interest of the University. A HBCU Loan Financing - Rice Capital Access Program Florida Memorial University (Borrower) 590668483 2009-09-21 28000000 Refinancing and Building Dormitories 0 0 0 B HBCU Loan Financing-Rice Capital Access Program Florida Memorial University (Borrower) 590668483 2012-06-07 16060000 To provide funds to repay an existing note payable and finance construction of new Gymnasium/Bldg 0 0 0 A 0 0 28000000 3664067 170322 10921671 793962 0 0 15043350 0 0 2012 0 0 1 1 B 0 0 16060000 0 0 6367656 420907 0 11000 0 0 9260437 2015 0 0 0 1 A 0 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b The Governing Body (the Executive Committee) has to have its meeting minutes and actions approved by a quorum F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by the Controller, and checked for accuracy and completeness. It is then passed on to both the VP for Finance & Administration as well as the University President for their review. Once all edits are made, the form is electronically signed by the VP for Finance. The Board relies on the work & reviews performed by the Controller, VP for Finance, and the President, and thus does not perform a detailed review of the form F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The University regularly reviews (and revises when necessary) its Conflict of Interest policy. All new key employees are required to acknowledge that they have received and read the Policy by signing and returning an acknowledgment page. All Board members are advised of the Conflict of Interest policy and are asked to complete and update annually F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The compensation for the University's President is approved by a select committee from the Board of Trustees. This group examines data along with current comparative industry salaries and compensation for this position, including area and size of the University/College. Other officers and key employees are approved by the President and are benchmarked against salary standards such as College & University Professional Association (CUPA) F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The University makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Also, Form 990 and the annual audited financial statements are filed with the appropriate government and grantor agencies