2013-02-15T16:21:10-07:00 2012-06-30 990 2011-07-01 590668483 FLORIDA MEMORIAL UNIVERSITY INC FLOR 3054300339 15800 NW 42nd AVENUE MIAMI GARDENS FL 330546155 Tony Valentine 3056263614 2013-02-15 2011 2016-03-07 17:11:31Z FLORIDA MEMORIAL UNIVERSITY INC 15800 NW 42ND AVENUE MIAMI GARDENS FL 33054 41251726 0 X FMUNIV.EDU X 1862 FL EDUCATION 34 28 551 33 0 0 9915035 8378330 33975887 31957032 271082 290986 348269 483510 44510273 41109858 4542819 4112365 0 0 19020163 20470008 0 0 1530125 18967050 20401419 42530032 44983792 1980241 -3873934 76966135 75772422 42051437 44731658 34914698 31040764 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 3163729 779755 446949 Student Services Programs: Support services and activities surrounding students. The University has approximately 1,600 students. 2738251 1950167 15533557 Academic Support: Educational Delivery; General & Other: Support staff (deans, secretaries, and administration) to carry out the functional support duties of the instructional unit (~1,600 students). 6327769 1547003 2537628 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. 17019224 475867 5795738 Education, General/Other: Institutional Support. Infrastructure to support the University and carryout it's primary goal of educating students. (~1600 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). 17019224 475867 5795738 29248973 1 1 0 1 0 1 1 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 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 0 1 64 0 1 551 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 34 28 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 1 0 0 X Rodney Sobelson 3054300339 15800 NW 42nd Avenue Miami Gardens FL 330546155 Julian Coakley 0.5 X 0 0 0 Rev Bartholomew Bart Banks Sr 1 X 0 0 0 Mrs Patricia Carter 40 X 68744 0 10846 Rev Dr R B Holmes Jr 0.5 X 0 0 0 Mr Frederick Fred Jackson 1 X 0 0 0 Mr Charles W George Chairman 2 X X 0 0 0 Mr Marc T Henderson 0.5 X 0 0 0 Mr Horace C Hord Jr 0.5 X 0 0 0 Dr Mack King Carter 0.5 X 0 0 0 Ms Roberta Kressel 0.5 X 0 0 0 Rev Wayne B Lomax Pastor 1 X 0 0 0 Rev Stephen John Thurston 1 X 0 0 0 Rev Dr Richard L Wilson 1 X 0 0 0 Mrs Barbara Wright 0.5 X 0 0 0 Sharon Wilson Esq 0.5 X 0 0 0 Rev Dr Henry T Rhim 1 X 0 0 0 Mr John W Ruffin Jr 1 X X 0 0 0 Rev Dr James B Sampson 1 X 0 0 0 Bishop Billy Baskin 0.5 X 0 0 0 Dr Gershwin T Blyden 1 X 0 0 0 Dr Gwendolyn V Boyd 1 X 0 0 0 Bishop Victor T Curry 0.5 X 0 0 0 Ms Lynn Fenster 1 X 0 0 0 Mr E Ray Smith 0.5 X 0 0 0 JoLinda L Herring 1 X 0 0 0 Sharon Wamble King 0.5 X 0 0 0 Michael Smith 1 X 0 0 0 Garth Reeves 0.5 X 0 0 0 I W Williams 0.5 X 0 0 0 Kareem Coney 40 X 61963 0 4385 Rev Marcus D Davidson 1 X 0 0 0 Dr Richard Yaklich 40 X 71750 0 4349 Dr Kelly E Brown 0.5 X 0 0 0 Raul Valdes-Fauli 0.5 X 0 0 0 Dr Makola M Abdullah 45 X 200850 0 24487 Harold Clarke 45 X 126756 0 19996 Dr Adriene B Wright 45 X 128750 0 13702 Danneal Jones 45 X 120000 0 11002 Dr Henry Lewis III 45 X 216300 0 36009 Tony Valentine 45.00 X 140379 0 15325 Dr Mary O'Banner 45 X 148558 0 27783 Dr Barbara J Edwards 40 X 131631 0 18318 Dr Sandra Thompson 40 X 132353 0 19540 Roscoe Warren 40 X 117016 0 17224 Denise Callwood-Brathwaite 40 X 120549 0 24094 Dr William Hopper 40 X 121288 0 19569 1906887 0 266629 11 0 1 0 Thompson Hospitality Services 505 Huntmar Park Drive Suite 300 Herndon VA 20170 Cafeteria foodservice 2482853 D Stephenson Construction Inc 6241 North Dixie Highway Ft Lauderdale FL 33334 Construction 2291606 Sprint PO Box 8077 London KY 40742 Telecommunications 1056015 Aramark 22506 Network Services Chicago IL 606731225 Custodial Housekeeping & Landscaping 2008572 Florida Power & Light General Mail Facility Miami FL 33188 Electricity 993802 38 0 0 0 0 7526825 851505 0 8378330 TUITION & FEES GROSS OF STUDENT AID 611310 26926067 26926067 0 0 AUXILIARY ENTERPRISES 611310 5030965 5030965 0 0 0 0 0 0 31957032 290986 290986 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 164571 0 141868 22703 0 22703 0 0 0 0 0 0 0 0 0 0 0 0 OTHER SOURCES OF REVENUE 611310 460807 460807 0 0 0 0 0 0 460807 41109858 32708825 0 22703 4112365 4112365 1209933 744211 420419 45303 15427726 9489354 5360719 577653 1143237 703187 397244 42806 1503504 924782 522427 56295 1185608 729249 411967 44392 5462453 3359870 1898055 204528 7178 4415 2494 269 182988 112553 63583 6852 82500 50744 28667 3089 1748650 1075567 607609 65474 101050 62154 35112 3784 546296 336018 189823 20455 509174 313185 176924 19065 287726 176976 99977 10773 1159321 713080 402833 43408 1372786 844379 477006 51401 2265875 1393704 787331 84840 1577590 970351 548170 59069 Repairs & Maintenance 1155733 710873 401586 43274 Utilities & property taxes 1796321 1104889 624173 67259 Bad Debt Expense 600001 369051 208484 22466 Miscellaneous Expense 1545777 948016 540091 57670 44983792 29248973 14204694 1530125 0 17228849 10759690 1430635 2145182 2747300 1446456 0 0 0 64925 0 1004239 1442699 85980786 38058663 42677822 47922123 11614290 11825056 0 0 0 0 0 0 198075 231216 76966135 75772422 5385898 4729078 0 0 2689379 2847104 31647848 35157403 0 0 0 0 0 0 0 0 2328312 1998073 42051437 44731658 X 26152244 22192810 4528845 4312881 4233609 4535073 34914698 31040764 76966135 75772422 -3873934 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 82500 0 0 82500 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The University outsources its governmental lobbying efforts to an outside legal firm. All such expenses are directly to that firm for lobbying-related activities. 81 0 301464 0 0 0 4535073 0 1 1 X 1 100 0 0 0 1 0 10 1200 0 9759393 301464 149038 0 0 27282 10182613 9019863 17092 745511 0 0 23073 9759393 8445118 23116 617267 0 0 65638 9019863 9436974 104438 -1009315 0 0 86979 8445118 0.54 0.46 0 0 0 0 678023 678023 0 58751872 17910120 40841752 0 0 0 0 0 11601156 11395151 206005 0 14949735 8753392 6196343 47922123 0 Capital Lease Obligations 594787 Designated Scholarships Payable 982900 Agency Funds Payable 317919 Miscellaneous Liabilities 102467 1998073 41109858 44983792 -3873934 60165 0 0 0 0 60165 -3813769 39528322 60165 0 0 141868 202033 39326289 0 1783569 1783569 41109858 43402256 0 0 0 202033 202033 43200223 0 1783569 1783569 44983792 SchD_P02_S00_L09 Schedule D, Part II, Line 9 Land is owned by the University located in St. Augustine, Florida as a historic site near the University's original location prior to its move to Miami, Florida in 1968. SchD_P05_S00_L04 Schedule D, Part V, Line 4 Investment proceeds from endowments are utilized to fund scholarships for students. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The University follows the provisions of ASC 740, Income Taxes, and has determined that as of June 30, 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_P12_S00_L02d Schedule D, Part XII, Line 2d Presidential Inauguration fund raiser revenues. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Represents student aid and discounts which are presented contra-revenue for purposes of the audited financial statements. See footnote 1 under "tuition and fees" in the 6/30/12 audited financial statements. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Represents expenses on behalf of the 2012 Presidential Inauguration fundraising event. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Represents student aid and discounts, which are show as contra-revenue up in the revenues, gains, and support section for purposes of the audited financial statements. They must be added to the audited expenses herein for purposes of tying out to the Form 990, Part I, Line 18. 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 Through print advertising in newspapers and publications when 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 Title III, Department of Defense, Naval, and Air Force funding. Presidential Inauguration & Golf Tournament 164571 0 164571 0 26321 73107 1957 4040 36442 0 0 164571 0 164571 0 26321 73107 1957 4040 36442 141867 22704 1 Institutional and State appropriation scholarships provided to students of Florida Memorial University to defray costs of tuition, fees, room, and board. 834 0 3831254 Fair Market Value Institutional and State appropriation scholarships provided to students of Florida Memorial University to defray costs of tuition, fees, room, and board. Cash not provided, but rather credit applied against student balance. SchI_P01_S00_L02 Schedule I, Part I, Line 2 The University has a Director of Grants & Sponsored Research, who monitors the operational type compliance issues, such as operational reports to grantors, to make sure the University stays in compliance with its grantor agencies. Additionally, the University has a dedicated grant accountant that tracks all grants, whether federal, state, local, or other, and ensures that all required financial reporting is maintained monthly in accordance with grant requirements. The University is also currently up to date with its required OMB A-133 and State of Florida financial statement audits. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Mrs Patricia Carter 68744 0 0 0 10846 0 0 0 0 0 79590 0 0 Kareem Coney 61963 0 0 0 4385 0 0 0 0 0 66348 0 0 0 Dr Richard Yaklich 71750 0 0 0 4349 0 0 0 0 0 76099 0 0 0 Dr Makola M Abdullah 200850 0 0 0 24487 0 0 0 0 0 225337 0 0 0 Harold Clarke 126756 0 0 0 19996 0 0 0 0 0 146752 0 0 0 Dr Adriene B Wright 128750 0 0 0 13702 0 0 0 0 0 142452 0 0 0 Danneal Jones 120000 0 0 0 11002 0 0 0 0 0 131002 0 0 0 Dr Henry Lewis III 216300 0 0 0 36009 0 0 0 0 0 252309 0 0 0 Tony Valentine 140379 0 0 0 15325 0 0 0 0 0 155704 0 0 0 Dr Mary O'Banner 148558 0 0 0 27783 0 0 0 0 0 176341 0 0 0 Dr Barbara J Edwards 131631 0 0 0 18318 0 0 0 0 0 149949 0 0 0 Dr Sandra Thompson 132353 0 0 0 19540 0 0 0 0 0 151893 0 0 0 Roscoe Warren 117016 0 0 0 17224 0 0 0 0 0 134240 0 0 0 Denise Callwood-Brathwaite 120549 0 0 0 24094 0 0 0 0 0 144643 0 0 0 Dr William Hopper 121288 0 0 0 19569 0 0 0 0 0 140857 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a A housing allowance is provided for the University President. HBCU Loan Financing - Rice Capital Access Program 2009-09-18 28000000 Refinancing and Building Dormitories 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b The Board of Directors can appoint new board members or elect to replace particular Board members. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b A copy of the Form 990 is always available for review at the request of any of the Board members of the University. It is available in pdf format after the filing of the return. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Annual conflict of interest statements are completed by Board members. The members disclose any conflicts on the forms. The forms are reviewed to determine the impact the conflicts may have on the members' status on the Board, and the relevance to future Board voting. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The process for determining compensation of the University President is overseen by the University's Board of Directors. Typically a search committee will locate candidates for the vacant position, and the Board will determine a salary commensurate with the size of the University and the role. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The documents are available to the public as requested based on need.