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FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC (EIN 23-7047106)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-03-24
IRS object ID
202630839349301668
Schema version
2024v5.5
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 ReturnHeader

FieldValueIRS element (for citing)
Return2026-03-24T19:08:58-05:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN593204548PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JAMES MOORE & CO PLBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15931 NW 1ST PLAddressLine1Txt
CityGAINESVILLECityNm
State AbbreviationFLStateAbbreviationCd
ZIP326072063ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237047106EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FLORIDA INTERNATIONAL UNIVERSITYBusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlFLORBusinessNameControlTxt
Phone3053483758PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111200 SW 8TH ST MARC 531AddressLine1Txt
CityMIAMICityNm
State AbbreviationFLStateAbbreviationCd
ZIP331992516ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonADALIO SANCHEZPersonNm
Person TitleCHAIRPersonTitleTxt
Phone3053483758PhoneNum
Signature2026-02-27SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKEN KURDZIELPreparerPersonNm
PTINP00060407PTIN
Phone3523781331PhoneNum
Preparation2026-03-16PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerADALIO SANCHEZPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line111200 SW 8TH ST MARC 531AddressLine1Txt
CityMIAMICityNm
State AbbreviationFLStateAbbreviationCd
ZIP331992516ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$168,121,455GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTPS://GIVE.FIU.EDU/BUSINESS-GOVERNANCE/WebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1969FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTO 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 Body42VotingMembersGoverningBodyCnt
Voting Members Independent39VotingMembersIndependentCnt
Total Employee81TotalEmployeeCnt
Total Volunteers40TotalVolunteersCnt
Total Gross UBI-$454,777TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$44,267,958PYContributionsGrantsAmt
CY Contributions Grants$43,251,576CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$6,118,185PYInvestmentIncomeAmt
CY Investment Income$13,314,733CYInvestmentIncomeAmt
PY Other Revenue-$249,332PYOtherRevenueAmt
CY Other Revenue-$552,938CYOtherRevenueAmt
PY Total Revenue$50,136,811PYTotalRevenueAmt
CY Total Revenue$56,013,371CYTotalRevenueAmt
PY Grants And Similar Paid$47,079,519PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$48,120,863CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,039,608PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$974,835CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$142,466PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$40,500CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$5,552,983CYTotalFundraisingExpenseAmt
PY Other Expenses$7,587,857PYOtherExpensesAmt
CY Other Expenses$7,784,349CYOtherExpensesAmt
PY Total Expenses$55,849,450PYTotalExpensesAmt
CY Total Expenses$56,920,547CYTotalExpensesAmt
PY Revenues Less Expenses-$5,712,639PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$907,176CYRevenuesLessExpensesAmt
Total Assets BOY$483,517,822TotalAssetsBOYAmt
Total Assets EOY$537,388,670TotalAssetsEOYAmt
Total Liabilities BOY$12,835,197TotalLiabilitiesBOYAmt
Total Liabilities EOY$16,261,328TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$470,682,625NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$521,127,342NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO 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 Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$48,868,642ExpenseAmt
Grant$48,120,863GrantAmt
Revenue$39,163RevenueAmt
DescTHE 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$48,868,642TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional FundraisingYes (1)ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document78IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee81EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Form1098 C FiledYes (1)Form1098CFiledInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members42GoverningBodyVotingMembersCnt
Independent Voting Member39IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCOStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMEStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNVStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOKStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldORStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldUTStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWVStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldAKStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOHStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonADRIANNE PERDOMOPersonNm
Phone3053483758PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111200 SW 8TH STREET - MARC 530AddressLine1Txt
CityMIAMICityNm
State AbbreviationFLStateAbbreviationCd
ZIP33199ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (53 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
ELIZABETH M BEJAR
EX-OFFICIO/ FIU PROVOST1.0040.00Yes (X)$0$527,513$72,054
YOLANGEL HERNANDEZ SUAREZ
DIRECTOR1.0040.00Yes (X)$0$345,597$28,425
SNEH GULATI
EX-OFFICIO, AS OF 9/20231.0040.00Yes (X)$0$209,698$37,985
SANTANA WAY
EX-OFFICIO/FIU SGA, UNTIL 5/20241.005.00Yes (X)$0$9,780$0
ADALIO T SANCHEZ
CHAIRPERSON1.000.00Yes (X)$0$0$0Yes (X)
HUMBERTO CABANAS
ALUMNI CENTER STEERING COMM CHAIR1.000.00Yes (X)$0$0$0
ANDRE L TEIXEIRA
DIRECTOR1.000.00Yes (X)$0$0$0
CANDIDO J VIYELLA
DIRECTOR1.000.00Yes (X)$0$0$0
T GENE PRESCOTT
EX-OFFICIO1.000.00Yes (X)$0$0$0
CARMEL J BARRAU
DIRECTOR1.000.00Yes (X)$0$0$0
CLAUDIA PUIG
DIRECTOR1.000.00Yes (X)$0$0$0
CRISTINA DI MAURO
INVESTMENT SUB-COMMITTEE CHAIR1.000.00Yes (X)$0$0$0
DAVID M ZINN
FIU VENTURES SUB-COMMITTEE CHAIR1.000.00Yes (X)$0$0$0
FRANCIS A HONDAL
DIRECTOR1.000.00Yes (X)$0$0$0
GERALD C GRANT JR
DEVELOPMENT MGMT CHAIR/VICE CHAIR1.000.00Yes (X)$0$0$0Yes (X)
NOEL J GUILLAMA-ALVAREZ
DIRECTOR1.000.00Yes (X)$0$0$0
IRA D GILLER
REAL ESTATE SUB-COMMITTEE VICE CHAIR1.000.00Yes (X)$0$0$0
JAMES LOEWENHERZ
DIRECTOR1.000.00Yes (X)$0$0$0
JEFFREY L HORSTMYER
DIRECTOR1.000.00Yes (X)$0$0$0
JILL M GRANAT
SECRETARY1.000.00Yes (X)$0$0$0Yes (X)
JUAN CARLOS ALEXANDER
EX-OFFICIO/FIU ALUMNI, UNTIL 4/20241.000.00Yes (X)$0$0$0
JUAN J MARTINEZ
FOUNDATION ENTERPRISE GROWTH VICE CHAIR1.000.00Yes (X)$0$0$0
JUAN R FIGUEREO
FOUNDATION ENTERPRISE GROWTH CHAIR1.000.00Yes (X)$0$0$0
LATESSA DOTSON HALL
MEMBERSHIP & BOARD MGMT CO-VC1.000.00Yes (X)$0$0$0
ALBERT R TANO
MEMBERSHIP & BOARD GOVERNANCE CHAIR1.000.00Yes (X)$0$0$0
ELLIOT N STONE
REAL ESTATE SUB-COMMITTEE CHAIR1.000.00Yes (X)$0$0$0
CARLOS A SABATER
DIRECTOR1.000.00Yes (X)$0$0$0
THOMAS C RAGAN
DIRECTOR1.000.00Yes (X)$0$0$0
ORLANDO ROCHE
DIRECTOR1.000.00Yes (X)$0$0$0
RAKESH AND RACHANEE SARNA
DIRECTOR1.000.00Yes (X)$0$0$0
RICHARD BRILLIANT
LONG-TERM STRATEGIC PLANNING CHAIR1.000.00Yes (X)$0$0$0
RICHARD P TONKINSON
DIRECTOR1.000.00Yes (X)$0$0$0
ROBERT M NAMOFF
DIRECTOR, UNTIL 3/20241.000.00Yes (X)$0$0$0
SERGIO ABREU JR
EX-OFFICIO1.000.00Yes (X)$0$0$0
STEWART A APPELROUTH
AUDIT SUB-COMMITTEE CHAIR1.000.00Yes (X)$0$0$0
ROBERT A BAER SR
DIRECTOR1.000.00Yes (X)$0$0$0
MARCEL L NAVARRO
FINANCE COMMITTEE CHAIR/TREASURER1.000.00Yes (X)$0$0$0Yes (X)
WALTER B GONZALEZ JR
DIRECTOR1.000.00Yes (X)$0$0$0
MALCOLM BROWN
DIRECTOR, AS OF 10/20231.000.00Yes (X)$0$0$0
ALBERT LORENZO
DIRECTOR, AS OF 10/20231.000.00Yes (X)$0$0$0
HUGO MANTILLA
DIRECTOR, AS OF 2/20241.000.00Yes (X)$0$0$0
CARLOS A SOMOZA
DIRECTOR, AS OF 2/20241.000.00Yes (X)$0$0$0
DAVID ALMANSA
EX-OFFICIO/FIU SGA, AS OF 5/20241.005.00Yes (X)$0$8,239$0
SEAN GAZITUA
EX-OFFICIO/FIU ALUMNI, AS OF 4/20241.000.00Yes (X)$0$0$0
TINA M VIDAL-DUART
ATHLETICS SUB-COMMITTEE CHAIR1.000.00Yes (X)$0$0$0
ADRIANNE N PERDOMO
ASST TREASURER40.000.00$16,663$138,113$40,668Yes (X)
KENNETH C HALL
CEO, AS OF 11/202440.000.00$286,279$224,277$183,156Yes (X)
LINDA LEE MENAGE
CHIEF CAMPAIGN OFFICER/INTERIM CDO40.000.00$255,646$0$45,191Yes (X)
MELISSA HERNANDEZ
CAO UNTIL 06/30/202540.000.00$214,005$0$30,291Yes (X)
SHIVANI JOSHI
INTERIM AVP, UNTIL 8/202440.000.00$108,091$59,674$31,986Yes (X)
MICHAEL MARTINEZ
SENIOR DIRECTOR INFO SYSTEMS & DATA INTELLIGENCE40.000.00$17,376$133,324$34,743Yes (X)
CHRISTY MARTINEZ
ASSISTANT VICE PRESIDENT, ADVANCEMENT OPERATIONS40.000.00$79,423$70,813$14,658Yes (X)
PABLO ORTIZ
FORMER OFFICER1.0040.00$0$187,112$48,435Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$977,483TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$1,914,140TotReportableCompRltdOrgAmt
Total Other Compensation$567,592TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K26IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
JPMORGAN CHASE
270 PARK AVENUENEW YORKNY10017INVESTMENT OFFICER & CUSTODIAN$627,563
COMPASS GROUP USA INC
2400 YORKMONT ROADCHARLOTTENC28217CATERING SERVICES$472,923
EVERTRUE INC
330 CONGRESS STREET 2ND FLOORBOSTONMA02210DONOR ENGAGEMENT PLATFORM$244,154
MENA CATERING INC
7462 SW 48TH STMIAMIFL33155CATERING SERVICES$206,368
AFRODITAS GARDEN CORP
8600 SW 109 AVENUE SUITE 108MIAMIFL33173CATERING/EVENT SERVICES$159,895
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K10CntrctRcvdGreaterThan100KCnt
Membership Dues$376,254MembershipDuesAmt
Fundraising$874,907FundraisingAmt
All Other Contributions$42,000,415AllOtherContributionsAmt
Noncash Contributions$475,935NoncashContributionsAmt
Total Contributions$43,251,576TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,296,130TotalRevenueColumnAmt
Unrelated Business Revenue-$454,777UnrelatedBusinessRevenueAmt
Exclusion$8,750,907ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$249,410RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$425,484RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$176,074RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$176,074TotalRevenueColumnAmt
Exclusion-$176,074ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$116,193,267SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$111,174,664SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$5,018,603SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,018,603TotalRevenueColumnAmt
Exclusion$5,018,603ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$77,864FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$874,907ContriRptFundraisingEventAmt
Fundraising Direct Expenses$493,891FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$416,027TotalRevenueColumnAmt
Exclusion-$416,027ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$32,512GrossSalesOfInventoryAmt
Cost Of Goods Sold$14,045CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$18,467TotalRevenueColumnAmt
Related Or Exempt Func Income$18,467RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ADMISSION REVENUE711210$20,243$20,243
PROGRAM REVENUE900099$453$453
FieldValueIRS element (for citing)
Other Revenue Total$20,696OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$56,013,371TotalRevenueColumnAmt
Related Or Exempt Func Income$39,163RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$454,777UnrelatedBusinessRevenueAmt
Exclusion$13,177,409ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$48,120,863TotalAmt
Program Services$48,120,863ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$394,253TotalAmt
Management And General$213,133ManagementAndGeneralAmt
Fundraising$181,120FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$465,124TotalAmt
Management And General$251,446ManagementAndGeneralAmt
Fundraising$213,678FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$45,831TotalAmt
Management And General$24,776ManagementAndGeneralAmt
Fundraising$21,055FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$30,912TotalAmt
Management And General$16,711ManagementAndGeneralAmt
Fundraising$14,201FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$38,715TotalAmt
Management And General$20,929ManagementAndGeneralAmt
Fundraising$17,786FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$110,250TotalAmt
Management And General$110,250ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$381,750TotalAmt
Program Services$381,750ProgramServicesAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$40,500TotalAmt
Fundraising$40,500FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$752,319TotalAmt
Management And General$752,319ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,910TotalAmt
Program Services$1,910ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$205,833TotalAmt
Program Services$205,833ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtFundraisingFundraisingAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
FUNDRAISING AND DEVELOP$3,309,402$3,309,402
BUSINESS OFFICE OPERATI$1,115,418$18,347$1,097,071
ADVANCEMENT OPERATIONS$876,558$876,558
FIU ALUMNI ASSOCIATION$564,041$564,041

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$466,868TotalAmt
Program Services$139,939ProgramServicesAmt
Management And General$12,287ManagementAndGeneralAmt
Fundraising$314,642FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$56,920,547TotalAmt
Program Services$48,868,642ProgramServicesAmt
Management And General$2,498,922ManagementAndGeneralAmt
Fundraising$5,552,983FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$19,844,008BOYAmt
EOY$20,987,511EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$339,944EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$32,197,652BOYAmt
EOY$35,007,508EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$11,730BOYAmt
EOY$8,083EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$46,177BOYAmt
EOY$45,225EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$46,976,504LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,588,528LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$23,153,621BOYAmt
EOY$44,387,976EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$170,726,819BOYAmt
EOY$174,718,413EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$236,549,520BOYAmt
EOY$260,912,984EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$988,295BOYAmt
EOY$981,026EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$483,517,822BOYAmt
EOY$537,388,670EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$546,820BOYAmt
EOY$389,289EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$37,753BOYAmt
EOY$30,433EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
EOY$10,000,000EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$49,129BOYAmt
EOY$49,758EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$12,201,495BOYAmt
EOY$5,791,848EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$12,835,197BOYAmt
EOY$16,261,328EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$70,546,472BOYAmt
EOY$89,732,481EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$7,127,263BOYAmt
EOY$6,960,076EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$393,008,890BOYAmt
EOY$424,434,785EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$470,682,625BOYAmt
EOY$521,127,342EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$483,517,822BOYAmt
EOY$537,388,670EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$907,176ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$54,151,494NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$2,799,601OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
College OrganizationYes (X)CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$96,274,799CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$42,053,425CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$46,759,330CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$44,267,958CurrentTaxYearMinus1YearAmt
Current Tax Year$43,251,576CurrentTaxYearAmt
Total$272,607,088TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,700,747CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,899,821CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,677,910CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,849,606CurrentTaxYearMinus1YearAmt
Current Tax Year$7,942,733CurrentTaxYearAmt
Total$41,070,817TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$105,975,546CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$49,953,246CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$54,437,240CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$52,117,564CurrentTaxYearMinus1YearAmt
Current Tax Year$51,194,309CurrentTaxYearAmt
Total$313,677,905TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$5,952,438SubstantialContributorsTotAmt
Public Support Total170$307,725,467PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,287,318CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$10,661,717CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,097,137CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,464,670CurrentTaxYearMinus1YearAmt
Current Tax Year$9,000,317CurrentTaxYearAmt
Total$37,511,159TotalAmt
FieldValueIRS element (for citing)
Total Support$351,189,064TotalSupportAmt
Gross Receipts Rltd Activities$761,782GrossReceiptsRltdActivitiesAmt
Public Support CY1700.87620PublicSupportCY170Pct
Public Support PY1700.86170PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

Total Direct Lobbying TotalDirectLobbyingGrp

FieldValueIRS element (for citing)
Filing Organizations Total$381,750FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$381,750FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$48,597,472FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$48,979,222FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Filing Organizations Total$1,000,000FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Filing Organizations Total$250,000FilingOrganizationsTotalAmt

Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Current Year Minus3$1,000,000CurrentYearMinus3Amt
Current Year Minus2$1,000,000CurrentYearMinus2Amt
Current Year Minus1$1,000,000CurrentYearMinus1Amt
Current Year$1,000,000CurrentYearAmt
Total$4,000,000TotalAmt
FieldValueIRS element (for citing)
Lobbying Ceiling$6,000,000LobbyingCeilingAmt

Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Current Year Minus3$484,806CurrentYearMinus3Amt
Current Year Minus2$413,959CurrentYearMinus2Amt
Current Year Minus1$403,428CurrentYearMinus1Amt
Current Year$381,750CurrentYearAmt
Total$1,683,943TotalAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Current Year Minus3$250,000CurrentYearMinus3Amt
Current Year Minus2$250,000CurrentYearMinus2Amt
Current Year Minus1$250,000CurrentYearMinus1Amt
Current Year$250,000CurrentYearAmt
Total$1,000,000TotalAmt
FieldValueIRS element (for citing)
Grassroots Ceiling$1,500,000GrassrootsCeilingAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee EtcYes (1)AgentTrusteeEtcInd
Beginning Balance$15,230,417BeginningBalanceAmt
Additions During Year$4,517,272AdditionsDuringYearAmt
Distributions During Year$549,676DistributionsDuringYearAmt
Ending Balance$19,198,013EndingBalanceAmt
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$337,735,286BeginningYearBalanceAmt
Contributions$9,261,433ContributionsAmt
Investment Earnings Or Losses$50,745,821InvestmentEarningsOrLossesAmt
Other Expenditures$13,279,025OtherExpendituresAmt
Administrative Expenses$4,372,654AdministrativeExpensesAmt
End Year Balance$380,090,861EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$306,631,350BeginningYearBalanceAmt
Contributions$10,790,829ContributionsAmt
Investment Earnings Or Losses$36,109,080InvestmentEarningsOrLossesAmt
Other Expenditures$11,874,578OtherExpendituresAmt
Administrative Expenses$3,921,395AdministrativeExpensesAmt
End Year Balance$337,735,286EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$284,292,410BeginningYearBalanceAmt
Contributions$6,590,144ContributionsAmt
Investment Earnings Or Losses$29,140,468InvestmentEarningsOrLossesAmt
Other Expenditures$13,391,672OtherExpendituresAmt
End Year Balance$306,631,350EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$276,410,044BeginningYearBalanceAmt
Contributions$45,173,370ContributionsAmt
Investment Earnings Or Losses-$24,121,505InvestmentEarningsOrLossesAmt
Other Expenditures$13,169,499OtherExpendituresAmt
End Year Balance$284,292,410EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$218,684,250BeginningYearBalanceAmt
Contributions$6,375,715ContributionsAmt
Investment Earnings Or Losses$63,059,221InvestmentEarningsOrLossesAmt
Other Expenditures$11,709,142OtherExpendituresAmt
End Year Balance$276,410,044EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.12280BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.47660PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.40060TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$37,001,541InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$3,533,558OtherCostOrOtherBasisAmt
Book Value$40,535,099BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,558,311OtherCostOrOtherBasisAmt
Depreciation$1,793,938DepreciationAmt
Book Value$3,764,373BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$861,094OtherCostOrOtherBasisAmt
Depreciation$794,590DepreciationAmt
Book Value$66,504BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$22,000OtherCostOrOtherBasisAmt
Book Value$22,000BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$44,387,976TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (5 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
INTERNATIONAL EQUITY SECURITY$105,094,196F
CORPORATE BONDS$53,752,545F
LIMITED PARTNERSHIPS$101,113,507F
HEDGE FUNDS$937,322F
REAL ASSETS$15,414F
FieldValueIRS element (for citing)
Total Book Value Securities$260,912,984TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DUE TO FLORIDA INTERNATIONAL UNIVERSITY$5,364,605
SPLIT INTEREST OBLIGATION$427,243
FieldValueIRS element (for citing)
Total Liability$5,791,848TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$115,573,098TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$54,151,494NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$7,942,733DonatedServicesAndUseFcltsAmt
Other Revenue-$2,715,601OtherRevenueAmt
Revenue Not Reported$59,378,626RevenueNotReportedAmt
Revenue Subtotal$56,194,472RevenueSubtotalAmt
Investment Expenses Not Incld$752,319InvestmentExpensesNotIncldAmt
Other Revenues Not Included-$933,420OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$181,101RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$56,013,371TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$65,044,662TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$7,942,733DonatedServicesUseFcltsAmt
Other Expenses Included$933,701OtherExpensesIncludedAmt
Expenses Not Reported$8,876,434ExpensesNotReportedAmt
Expenses Subtotal$56,168,228ExpensesSubtotalAmt
Investment Expenses Not Incld2$752,319InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$752,319ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$56,920,547TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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. AS OF JUNE 30, 2025, THE FOUNDATION HAS RECEIVED $13,500,000 FROM THE UNIVERSITY 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 $30,433.
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, 2025 AND 2024, 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 -2,715,601.
PART XI, LINE 4B - OTHER ADJUSTMENTS:RENTAL EXPENSES REPORTED ON 990 PART VIII -425,484. SPECIAL EVENT EXPENSES REPORTED ON 990 PART VIII -493,891. COGS REPORTED ON 990 PART VIII -14,045.
PART XII, LINE 2D - OTHER ADJUSTMENTS:EXPENSES FROM RELATED ORGANIZATION (REPORTED ON CONSOLIDATED FS) 281. RENTAL EXPENSES REPORTED ON 990 PART VIII 425,484. SPECIAL EVENT EXPENSES REPORTED ON 990 PART VIII 493,891. COGS REPORTED ON 990 PART VIII 14,045.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionCENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,RegionTxt
Offices0OfficesCnt
Employee0EmployeeCnt
Type Of Activities ConductedINVESTMENTSTypeOfActivitiesConductedTxt
Specific Services ProvidedN/ASpecificServicesProvidedTxt
Region Total Expenditures$6,205,889RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$6,205,889SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$6,205,889TotalSpentAmt
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Solicitation Of Govt GrantsYes (X)SolicitationOfGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (1)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

FieldValueIRS element (for citing)
PersonSTEVEN L SCHWARTZPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line111200 SW 8TH ST MARC 531AddressLine1Txt
CityMIAMICityNm
State AbbreviationFLStateAbbreviationCd
ZIP331992516ZIPCd
FieldValueIRS element (for citing)
ActivityPLANNED GIVING PROGRAM - CONSULTING SERVICESActivityTxt
Fundraiser Control Of Funds0FundraiserControlOfFundsInd
Gross Receipts$0GrossReceiptsAmt
Retained By Contractor$40,500RetainedByContractorAmt
Net To Organization-$40,500NetToOrganizationAmt
FieldValueIRS element (for citing)
Total Retained By Contractors$40,500TotalRetainedByContractorsAmt
Total Net To Organization-$40,500TotalNetToOrganizationAmt
Licensed StatesCALicensedStatesCd
Licensed StatesCOLicensedStatesCd
Licensed StatesFLLicensedStatesCd
Licensed StatesKYLicensedStatesCd
Licensed StatesMALicensedStatesCd
Licensed StatesMDLicensedStatesCd
Licensed StatesMELicensedStatesCd
Licensed StatesMNLicensedStatesCd
Licensed StatesNDLicensedStatesCd
Licensed StatesNHLicensedStatesCd
Licensed StatesNJLicensedStatesCd
Licensed StatesNVLicensedStatesCd
Licensed StatesNYLicensedStatesCd
Licensed StatesOHLicensedStatesCd
Licensed StatesOKLicensedStatesCd
Licensed StatesORLicensedStatesCd
Licensed StatesPALicensedStatesCd
Licensed StatesSCLicensedStatesCd
Licensed StatesUTLicensedStatesCd
Licensed StatesWALicensedStatesCd
Licensed StatesWILicensedStatesCd
Licensed StatesWVLicensedStatesCd
Licensed StatesAKLicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1CHAMPION OF FREEDOMEvent1Nm
Gross Receipts Event1$610,478GrossReceiptsEvent1Amt
Charitable Contri Event1$576,276CharitableContriEvent1Amt
Gross Revenue Event1$34,202GrossRevenueEvent1Amt
Food And Beverage Event1$16,437FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$42,591OtherDirectExpensesEvent1Amt
Event2TORCH AWARDSEvent2Nm
Gross Receipts Event2$109,390GrossReceiptsEvent2Amt
Charitable Contri Event2$87,566CharitableContriEvent2Amt
Gross Revenue Event2$21,824GrossRevenueEvent2Amt
Rent Facility Costs Event2$18,734RentFacilityCostsEvent2Amt
Food And Beverage Event2$74,692FoodAndBeverageEvent2Amt
Entertainment Event2$108,873EntertainmentEvent2Amt
Other Direct Expenses Event2$11,547OtherDirectExpensesEvent2Amt
Other Events Total6OtherEventsTotalCnt
Gross Receipts Other Events$232,903GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$211,065CharitableContriOtherEventsAmt
Gross Revenue Other Events$21,838GrossRevenueOtherEventsAmt
Rent Fclty Costs Other Events$20,123RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events$13,869FoodAndBeverageOtherEventsAmt
Entertainment Other Events$24,863EntertainmentOtherEventsAmt
Oth Direct Expnss Other Events$162,162OthDirectExpnssOtherEventsAmt
Gross Receipts Total$952,771GrossReceiptsTotalAmt
Charitable Contributions Tot$874,907CharitableContributionsTotAmt
Gross Revenue Total Events$77,864GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$38,857RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$104,998FoodAndBeverageTotalEventsAmt
Entertainment Total Events$133,736EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$216,300OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$493,891DirectExpenseSummaryEventsAmt
Net Income Summary-$416,027NetIncomeSummaryAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE G, PART I, LINE 2B, COLUMN (V)FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION MADE PAYMENTS TO STEVEN SCHWARTZ FOR PLANNED GIVING AND CONSULTING SERVICES.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1FLORIDA INTERNATIONAL UNIVERSITYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line111200 SW 8TH STREETAddressLine1Txt
CityMIAMICityNm
State AbbreviationFLStateAbbreviationCd
ZIP33199ZIPCd
FieldValueIRS element (for citing)
Recipient EIN650177616RecipientEIN
IRC Section115(1)IRCSectionDesc
Cash Grant$48,120,863CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantUNIVERSITY/STUDENT ASSISTANCEPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationALL GRANT FUNDS ARE REVIEWED FOR COMPLIANCE WITH DONOR INTENT AND DISBURSED OR TRANSFERRED IN SUPPORT OF FLORIDA INTERNATIONAL UNIVERSITY.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
KENNETH C HALL
CEO, AS OF 11/2024$286,279$224,277$0$0$0$0$91,357$71,571$11,342$8,886$388,978$304,734$0$0
ELIZABETH M BEJAR
EX-OFFICIO/ FIU PROVOST$0$527,513$0$0$0$0$0$50,005$0$22,049$0$599,567$0$0
YOLANGEL HERNANDEZ SUAREZ
DIRECTOR$0$345,597$0$0$0$0$0$28,389$0$36$0$374,022$0$0
LINDA LEE MENAGE
CHIEF CAMPAIGN OFFICER/INTERIM CDO$255,646$0$0$0$0$0$25,152$0$20,039$0$300,837$0$0$0
SNEH GULATI
EX-OFFICIO, AS OF 9/2023$0$209,698$0$0$0$0$0$17,946$0$20,039$0$247,683$0$0
MELISSA HERNANDEZ
CAO UNTIL 06/30/2025$214,005$0$0$0$0$0$21,005$0$9,286$0$244,296$0$0$0
PABLO ORTIZ
FORMER OFFICER$0$187,112$0$0$0$0$0$39,362$0$9,073$0$235,547$0$0
SHIVANI JOSHI
INTERIM AVP, UNTIL 8/2024$108,091$59,674$0$0$0$0$10,485$5,789$10,123$5,589$128,699$71,052$0$0
ADRIANNE N PERDOMO
ASST TREASURER$16,663$138,113$0$0$0$0$2,221$18,408$2,157$17,882$21,041$174,403$0$0
MICHAEL MARTINEZ
SENIOR DIRECTOR INFO SYSTEMS & DATA$17,376$133,324$0$0$0$0$1,695$13,008$2,311$17,729$21,382$164,061$0$0
CHRISTY MARTINEZ
ASSISTANT VICE PRESIDENT, ADVANCEMEN$79,423$70,813$0$0$0$0$7,749$6,909$0$0$87,172$77,722$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 3FormAndLineReferenceDesc
ExplanationTHE 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. 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.ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonTHE BELL'S -PATRICIA B AND DANIELPersonNm
Relationship With OrgBOARD -FORMER BOARD MEMBER/CURRENT BOARD-MEMBERS-NON-VOTINGRelationshipWithOrgTxt
Loan PurposePROVIDE THE NECESSARY FUNDING FOR A MAJOR CONSTRUCTION PROJECT ON CAMPUSLoanPurposeTxt
Loan To OrganizationYes (X)LoanToOrganizationInd
Original Principal$10,000,000OriginalPrincipalAmt
Balance Due$10,000,000BalanceDueAmt
Default0DefaultInd
Board Or Committee ApprovalYes (1)BoardOrCommitteeApprovalInd
Written AgreementYes (1)WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$10,000,000TotalBalanceDueAmt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution39ContributionCnt
Noncash Contributions Rpt F990$475,935NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received13Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties UsedYes (1)ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART V, LINES 2A AND 2BTHE NUMBER OF EMPLOYEES REPORTED ON PART V, LINE 2A REPRESENTS THE NUMBER OF EMPLOYEES OF THE FILING ORGANIZATION DURING THE TAX YEAR 2024 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 V, LINE 7HTHE ORGANIZATION RECEIVED A BOAT DONATION IN FEBRUARY 2024. FORM 1098-C WAS REMITTED IN THE FOLLOWING CALENDAR YEAR.
FORM 990, PART VI, SECTION A, LINE 1ATHE 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 2RAKESH SARNA, DIRECTOR, AND RACHANEE SARNA, DIRECTOR HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, SECTION A, LINE 4ARTICLE 1 BOARD OF DIRECTORS: DIRECTOR INITIAL TERM: THE 2025 BYLAWS EXPLICITLY DEFINE THE INITIAL ONE-YEAR TERM AS A PROBATIONARY TERM, CLARIFYING THE EVALUATIVE NATURE OF A NEW DIRECTOR'S FIRST YEAR. ARTICLE 3 COMMITTEES: -COMMITTEE SERVICE REQUIREMENT: THE 2025 BYLAWS NEWLY REQUIRE THAT EACH DIRECTOR SERVE ON AT LEAST ONE STANDING COMMITTEE DURING THEIR TENURE. -COMMITTEE RESTRUCTURING: THE PRIOR FOUNDATION ENTERPRISE GROWTH COMMITTEE (INCLUDING FIU VENTURES) WAS REMOVED. IN ITS PLACE, THE 2025 BYLAWS ESTABLISH A NEW FIU HEALTH COMMITTEE, REFLECTING A STRATEGIC FOCUS ON HEALTH-RELATED ACADEMIC UNITS. -DEVELOPMENT COMMITTEES SIMPLIFIED: THE FORMER MULTI-TIERED STRUCTURE CONSISTING OF A DEVELOPMENT MANAGEMENT COMMITTEE WITH SUBCOMMITTEES WAS SIMPLIFIED INTO A SINGLE DEVELOPMENT COMMITTEE, STREAMLINING FUNDRAISING GOVERNANCE. -REAL ESTATE OVERSIGHT SHIFT: REAL ESTATE OVERSIGHT MOVED FROM THE FORMER ENTERPRISE GROWTH COMMITTEE STRUCTURE TO A REAL ESTATE SUB-COMMITTEE REPORTING THROUGH THE FINANCE COMMITTEE.
FORM 990, PART VI, SECTION B, LINE 11BAN 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 12CEACH 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 15ALL EMPLOYEES ARE DIRECTLY PAID BY 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. 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 19THE 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 -84,000. PROVISION FOR UNCOLLECTIBLE PROMISE -2,715,601.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
FOUNDATION ENTERPRISE HOLDINGS I LLC
11200 SW 8TH STREETMIAMIFL33199272586968BENEFIT FOUNDATIONFL$239,603$1,505,413FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC
FOUNDATION ENTERPRISE HOLDINGS II LLC
11200 SW 8TH STREETMIAMIFL33199461339057BENEFIT FOUNDATIONFL$7,256$2,436,609FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC
FOUNDATION ENTERPRISE HOLDINGS V LLC
11200 SW 8TH STREETMIAMIFL33199822481503BENEFIT FOUNDATIONFL$37,001,856FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC
FOUNDATION ENTERPRISE HOLDINGS VI LLC
11200 SW 8TH STREETMIAMIFL33199352753355BENEFIT FOUNDATIONFL$3,534,349FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
FLORIDA INTERNATIONAL UNIVERSITY
11200 SW 8TH STREETMIAMIFL33199650177616EDUCATIONFL115(1)N/AN/A0
THE WOLFSONIAN INC
11200 SW 8TH STREETMIAMIFL33199592741851BENEFIT UNIVERSITYFL501(C)(3)LINE 7N/A0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (6 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
FLORIDA INTERNATIONAL UNIVERSITY
B$48,120,863FMV
FLORIDA INTERNATIONAL UNIVERSITY
C$7,942,733FMV
FLORIDA INTERNATIONAL UNIVERSITY
M$59,500FMV
FLORIDA INTERNATIONAL UNIVERSITY
P$5,406,591FMV
FLORIDA INTERNATIONAL UNIVERSITY
E$5,364,605FMV
FLORIDA INTERNATIONAL UNIVERSITY
D$246,395FMV