NOVA SOUTHEASTERN UNIVERSITY INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- NOVA SOUTHEASTERN UNIVERSITY INC (EIN 59-1083502)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-10
- IRS object ID
- 202441319349302119
- Schema version
- 2022v5.0
- 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 E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-10T09:47:49-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 W 5th Street Suite 800 | AddressLine1Txt |
| City | WinstonSalem | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 591083502 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Nova Southeastern University Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NOVA | BusinessNameControlTxt |
| Phone | 9542625258 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3300 S University Drive | AddressLine1Txt |
| City | Fort Lauderdale | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33328 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | George L Hanbury IIPhD | PersonNm |
| Person Title | President and CEO | PersonTitleTxt |
| Phone | 9542627500 | PhoneNum |
| Signature | 2024-03-25 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | George | PersonFirstNm |
| Person Last | Hanbury IIPhD | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Whitney B Hebron | PreparerPersonNm |
| PTIN | P01226647 | PTIN |
| Phone | 3362753394 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Nova Southeastern University | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | George L Hanbury IIPhD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3300 S University Drive | AddressLine1Txt |
| City | Fort Lauderdale | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33328 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,454,609,660 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.nova.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1964 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | Nova Southeastern University's primary activity is to provide educational services. See Part III. | ActivityOrMissionDesc |
| Voting Members Governing Body | 27 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 25 | VotingMembersIndependentCnt |
| Total Employee | 8557 | TotalEmployeeCnt |
| Total Volunteers | 1951 | TotalVolunteersCnt |
| Total Gross UBI | $7,412,794 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $74,738,833 | PYContributionsGrantsAmt |
| CY Contributions Grants | $69,821,603 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $775,737,713 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $833,830,196 | CYProgramServiceRevenueAmt |
| PY Investment Income | $20,698,062 | PYInvestmentIncomeAmt |
| CY Investment Income | $26,475,311 | CYInvestmentIncomeAmt |
| PY Other Revenue | $6,930,041 | PYOtherRevenueAmt |
| CY Other Revenue | $7,691,478 | CYOtherRevenueAmt |
| PY Total Revenue | $878,104,649 | PYTotalRevenueAmt |
| CY Total Revenue | $937,818,588 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $141,795,376 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $145,586,370 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $378,494,326 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $417,806,227 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $47,443 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $5,000 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $3,381,882 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $290,771,803 | PYOtherExpensesAmt |
| CY Other Expenses | $323,295,340 | CYOtherExpensesAmt |
| PY Total Expenses | $811,108,948 | PYTotalExpensesAmt |
| CY Total Expenses | $886,692,937 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $66,995,701 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $51,125,651 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,951,921,009 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,990,847,965 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $912,176,606 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $875,454,817 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,039,744,403 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,115,393,148 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | The mission of NSU - a selective, doctoral research university - is to deliver innovative academic programs in a dynamic, lifelong learning and research environment fostering integrity, academic excellence, (continued on Schedule O)leadership, and community service through engaged students, faculty, and staff. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $412,088,534 | ExpenseAmt |
| Grant | $134,915,260 | GrantAmt |
| Revenue | $721,639,992 | RevenueAmt |
| Desc | Instructional Services: Nova Southeastern University (NSU) offers undergraduate degrees, graduate and first professional degrees, and certificate programs to more than 20,000 full-time and part-time students in a wide range of fields, including the humanities, biological and environmental sciences, business, counseling, computer and information sciences, conflict resolution, education, family therapy, medicine, dentistry, various other health professions, law, marine science, performing and visual arts, psychology, and other social sciences. Courses are taught at 4 South Florida campuses; 8 regional campus locations, including Puerto Rico; and at sites in 3 states, as well as foreign countries. (continued on Schedule O)NSU has 15 colleges and schools: Abraham S. Fischler College of Education and School of Criminal Justice; College of Dental Medicine; College of Computing and Engineering; College of Optometry; Barry and Judy Silverman College of Pharmacy; College of Psychology; Dr. Kiran C. Patel College of Allopathic Medicine; Dr. Kiran C. Patel College of Osteopathic Medicine; Dr. Pallavi Patel College of Health Care Sciences; Farquhar Honors College; H. Wayne Huizenga College of Business and Entrepreneurship; Halmos College of Arts and Sciences and the Guy Harvey Oceanographic Research Center; Ron and Kathy Assaf College of Nursing; Shepard Broad College of Law; and the NSU University School. Expanding Undergraduates and Health Professions Programs:In fall 2022, NSU welcomed its largest undergraduate class with 1,978 first-time-in-college freshmen, an increase of 17 percent from its prior record of 1,689 in fall 2020. In line with NSU's strategic expansion of undergraduates, overall undergraduate enrollment has increased for the sixth year in a row, standing at 6,971 in fall 2022. The distinctive Dual Admission Program, offering prospective undergraduate students a reserved spot in selective graduate/professional programs, has continued to attract academically highly qualified students, supporting strategic goals for enhanced student quality, experience, and outcomes. Increased professional-level enrollment during fiscal 2023 was driven by strategic health professions expansion, with continued growth at the Tampa Bay Regional Campus. NSU's Dr. Kiran C. Patel College of Osteopathic Medicine (KPCOM) expanded its D.O. program to Tampa Bay beginning fall 2019. In fall 2022, KPCOM admitted its fourth class of 164 D.O. students in Tampa Bay, for a total Tampa Bay D.O. enrollment of 626. Beginning May 2022, the College of Dental Medicine expanded its D.M.D. program to the Tampa Bay Regional Campus. It admitted its second cohort in May 2023, for a total of 72 international dental students enrolled in Tampa Bay as of June 30, 2023. College Achievements: Two significant academic program recognitions occurred in fiscal 2023, each many years in the making. The H. Wayne Huizenga College of Business and Entrepreneurship received accreditation from AACSB International-The Association to Advance Collegiate Schools of Business (AACSB), the highest standard of achievement for business education. The Dr. Kiran C. Patel College of Allopathic Medicine (KPCAM) received full accreditation for its M.D. program from the Liaison Committee on Medical Education (LCME). NSU is one of only four universities in the United States to offer both a D.O. and M.D. program, and the first and only university in the state of Florida to grant both degrees. During fiscal 2023, NSU graduated 424 physicians (D.O. and M.D. graduates combined), helping to alleviate the local and national physician shortage. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $110,604,551 | ExpenseAmt |
| Grant | $29,162 | GrantAmt |
| Revenue | $11,921,402 | RevenueAmt |
| Desc | Academic Support: Programs include the NSU library system, computer services, museum of art operations, student education center operations and maintenance of facilities dedicated to instructional activities. The university library system is composed of the Alvin Sherman Library, Research, and Information Technology Center; the Health Professions Division Library; the Law Center Library; the Oceanography Library; and the NSU University School Media Center. The 325,000-square-foot Alvin Sherman Library, Research, and Information Technology Center is a joint-use facility with the Broward County Board of County Commissioners. The facility contains electronic classrooms, group-study rooms, a large collaborative study room, a cafe, and (continued on Schedule O)service desks with staff trained and ready to serve library users.Beginning May 2022, the College of Dental Medicine expanded its D.M.D. program to the Tampa Bay Regional Campus. Approximately 19,000 square feet of the campus was outfitted to house a student clinic, simulation lab, and supporting offices and classrooms. Construction on the state-of-the art clinic was completed during fiscal 2023, with the first patients welcomed in May.In fiscal 2023, NSU continued developing its multiphased plan for strategic capital investments anticipated to play a major role in further advancing NSU's health and medical education, research, and patient care on the main campus in Fort Lauderdale/Davie.Other significant ongoing projects included renovating facilities to provide new locker rooms, improved fields, and other athletic amenities, as well as renewal and expansion of the university's chiller plants on the main campus in Fort Lauderdale/Davie. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $76,105,434 | ExpenseAmt |
| Grant | $749,591 | GrantAmt |
| Revenue | $57,292,333 | RevenueAmt |
| Desc | Auxiliary Enterprises: Nova Southeastern University's NSU Health is a patient centric, integrated health care network built on a foundation of education, research, and the highest quality patient care.NSU Health has many outpatient facilities and provides care in medical, dental, optometry, pharmacy, and mental health services, including family therapy. There are also specialty services available, such as audiology, occupational therapy, physical therapy, and speech language pathology. In addition to the health care facilities on the Fort Lauderdale/Davie Campus, NSU Health provides services to the surrounding community.(continued on Schedule O)NSU has numerous residence halls on the main campus that serve its students. The residence halls are living/learning centers that provide an environment conducive to student success.The Don Taft University Center is a more than 325,000-square-foot facility featuring three NCAA competition courts, group fitness and instruction rooms, cardio and weight training areas, squash courts, a rock climbing wall, and the Flight Deck Pub. The Performing and Visual Arts Wing of the Don Taft University Center includes state-of-the-art classrooms and facilities that support the art, dance, music, and theatre majors of the Department of Communication, Media, and the Arts (DCMA) at the Halmos College of Arts and Sciences. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $160,284,279 | ExpenseAmt |
| Grant | $9,892,357 | GrantAmt |
| Revenue | $43,363,075 | RevenueAmt |
| Desc | Nova Southeastern University goes beyond its primary mission by reaching out to the community with diverse service programs and community-based research. NSU is 1 of only 360 colleges and universities nationally selected for the Carnegie Foundation's Community Engagement Classification, and 1 of only 59 colleges and universities to hold both community engaged and high research activity designations. NSU delivers tangible benefits, including junior kindergarten through doctoral education, physical infrastructure, a professional workforce, employment opportunities, delivery of health care and law services in Broward and Miami-Dade counties, lifelong learning options, community-service initiatives, and public access to cultural and scholarly experiences. NSU continues to grow its academic and scientific research activities. More than 200 research projects are currently under way at NSU, including studies on cardiovascular disease, anticancer therapies, chronic fatigue syndrome, autism, coral reef restoration, stem cells, and wildlife DNA forensics, among other subjects. The Center for Collaborative Research (CCR) consists of 215,000 square feet of research and collaborative spaces. This project is registered with the U.S. Green Building Council (USGBC) and is the first NSU facility to achieve a LEED certification level of Gold. The facility houses core facilities including Genomics, Flow Cytometry, Cell Therapy and Imaging. The CCR brings multiple disciplines together, with students and NSU faculty members partnering with professionals and organizations outside of the NSU community-furthering cutting-edge research and developing technologies that will benefit the global community. During fiscal 2023, NSU researchers conducted ongoing studies addressing topics of national significance and attained various new, multiyear grant awards. For example, the Halmos College of Arts and Sciences was collectively awarded approximately $3.3 million from the Florida Department of Environmental Protection for various coral reef research and mitigation efforts promoting the restoration, resilience, and diversity of coral species impacted by disease. KPCAM was awarded $2.3 million to establish a research program for nanomedicine, novel drug discovery, and cancer research. The Barry and Judy Silverman College of Pharmacy was awarded $1.5 million from the National Institutes of Health to enhance research training for underrepresented undergraduate students and to foster successful completion of biomedical graduate programs. The College of Computing and Engineering was awarded $2.5 million to build research and education infrastructure in high-performance computing and develop a high-skilled cybersecurity workforce. Also of note and in line with NSU's core value of innovation, the Alan B. Levan | NSU Broward Center of Innovation was awarded nearly $4.0 million in grants from the United States Department of Education to build artificial intelligence and spatial computing infrastructure to broaden access and meet workforce demands in South Florida's emerging technology sector. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $160,284,279 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $9,892,357 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $43,363,075 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $759,082,798 | 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 | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | 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 | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 27649 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 8557 | 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 | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | CJ | ForeignCountryCd |
| 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 | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 27 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 25 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | 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 | Yes (1) | 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 | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Alyson Silva VP of Finance & CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9542625258 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3300 S University Dr | AddressLine1Txt |
| City | Fort Lauderdale | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33328 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (39 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 | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| George L Hanbury II PhD | ||||||||||
| President/Chief Executive Officer | 37.50 | 0.10 | Yes (X) | Yes (X) | $1,251,132 | $0 | $551,562 | |||
| Anthony N Ottaviani | ||||||||||
| Trustee | 1.50 | 0.10 | Yes (X) | $962 | $0 | $0 | ||||
| Ronald G Assaf | ||||||||||
| Trustee | 2.00 | 0.10 | Yes (X) | $0 | $0 | $0 | ||||
| Walter L Banks Sr | ||||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||||
| Mitchell W Berger | ||||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||||
| Rita Case | ||||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||||
| Suzi Cordish | ||||||||||
| Trustee | 1.50 | Yes (X) | $0 | $0 | $0 | |||||
| R Douglas Donn | ||||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||||
| James Donnelly | ||||||||||
| Trustee | 1.50 | Yes (X) | $0 | $0 | $0 | |||||
| Arthur J Falcone | ||||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||||
| Steven J Halmos | ||||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||||
| Carol Harrison Kalagher | ||||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||||
| Milton L Jones Jr | ||||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||||
| Barbara Trebbi Landry | ||||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||||
| Alan B Levan | ||||||||||
| Trustee | 3.50 | Yes (X) | $0 | $0 | $0 | |||||
| Nell McMillan Lewis | ||||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||||
| Albert J Miniaci | ||||||||||
| Trustee | 1.50 | Yes (X) | $0 | $0 | $0 | |||||
| Samuel F Morrison | ||||||||||
| Secretary | 1.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||||
| Charles L Palmer | ||||||||||
| Chair | 3.00 | 0.10 | Yes (X) | $0 | $0 | $0 | ||||
| Kiran C Patel | ||||||||||
| Trustee | 1.50 | Yes (X) | $0 | $0 | $0 | |||||
| George Platt | ||||||||||
| Trustee | 1.50 | Yes (X) | $0 | $0 | $0 | |||||
| Martin R Press | ||||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||||
| Paul M Sallarulo | ||||||||||
| Trustee | 1.50 | Yes (X) | $0 | $0 | $0 | |||||
| Barry J Silverman | ||||||||||
| Vice Chair | 2.00 | 0.10 | Yes (X) | $0 | $0 | $0 | ||||
| J Kenneth Tate | ||||||||||
| Trustee | 2.00 | 0.10 | Yes (X) | $0 | $0 | $0 | ||||
| Zachariah P Zachariah | ||||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||||
| Michael Zager | ||||||||||
| Trustee | 2.50 | Yes (X) | $0 | $0 | $0 | |||||
| Harry K Moon | ||||||||||
| Exec VP & COO | 37.50 | Yes (X) | $523,628 | $0 | $50,713 | |||||
| Alyson Silva | ||||||||||
| VP Finance & CFO | 37.50 | Yes (X) | $364,426 | $0 | $55,534 | |||||
| Elaine M Wallace | ||||||||||
| Dean - Coll of Osteopathic Medicine | 37.50 | $697,447 | $0 | $48,904 | Yes (X) | |||||
| Ronald Chenail | ||||||||||
| Provost/Exec VP Acad Affairs | 37.50 | $447,529 | $0 | $51,614 | Yes (X) | |||||
| Guy Nehrenz | ||||||||||
| Interim Dean-Coll of Hlth Care Scs | 37.50 | $241,165 | $0 | $45,080 | Yes (X) | |||||
| Johannes G Vieweg | ||||||||||
| Dean - Coll Of Allopathic Medicine | 37.50 | $666,361 | $0 | $50,061 | Yes (X) | |||||
| Frederick Lippman | ||||||||||
| Chancellor HPD | 37.50 | 1.20 | $578,456 | $0 | $32,506 | Yes (X) | ||||
| Steven Kaltman | ||||||||||
| Dean - Coll of Dental Medicine | 37.50 | $408,142 | $0 | $50,388 | Yes (X) | |||||
| Ray Ferrero | ||||||||||
| University Chancellor | 37.50 | $402,733 | $0 | $54,495 | Yes (X) | |||||
| Brad Williams | ||||||||||
| Snr VP Enrollment Mmgmt & Stud Affrs | 37.50 | $374,483 | $0 | $41,875 | Yes (X) | |||||
| Irving Rosenbaum | ||||||||||
| Former Key Employee | 37.50 | $293,907 | $0 | $38,766 | Yes (X) | |||||
| Stanley Wilson | ||||||||||
| Former Key Employee | 37.50 | $177,952 | $0 | $38,005 | Yes (X) | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $6,428,323 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,109,503 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 770 | 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 |
|---|---|---|---|---|---|
| Encompass Onsite Solutions | |||||
| 6555 Powerline Rd Ste 304 | Ft Lauderdale | FL | 33309 | Janitorial | $15,433,320 |
| Chartwells | |||||
| PO BOX 50196 | Los Angeles | CA | 90074 | Food Services | $8,528,709 |
| KL Media Partners | |||||
| 1820 N Corporate Lakes Blvd Suite | Weston | FL | 33326 | Advertising | $4,762,978 |
| Panza Maurer & Maynard PA | |||||
| 2400 E Commercial Blvd | Ft Lauderdale | FL | 33308 | Legal | $4,360,139 |
| Moss & Associates LLC | |||||
| 5401 W Kennedy Blvd Ste 1060 | Tampa | FL | 33609 | Construction | $4,353,342 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 94 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $458,053 | FundraisingAmt |
| Related Organizations | $2,269,382 | RelatedOrganizationsAmt |
| Government Grants | $36,500,453 | GovernmentGrantsAmt |
| All Other Contributions | $30,593,715 | AllOtherContributionsAmt |
| Noncash Contributions | $4,069,823 | NoncashContributionsAmt |
| Total Contributions | $69,821,603 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| Tuition and Fees | 611710 | $758,159,856 | $758,159,856 | |
| Auxiliary Operation | 611710 | $57,125,162 | $29,695,782 | $27,429,380 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $18,545,178 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $18,518,201 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $26,977 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $833,830,196 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,073,719 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $104,267 | UnrelatedBusinessRevenueAmt |
| Exclusion | $16,969,452 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $219,436 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $88,726 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $130,710 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $130,710 | TotalRevenueColumnAmt |
| Exclusion | $130,710 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $511,759,839 | SecuritiesAmt |
| Other | $13,028,702 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $512,938,290 | SecuritiesAmt |
| Other | $2,448,659 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$1,178,451 | SecuritiesAmt |
| Other | $10,580,043 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,401,592 | TotalRevenueColumnAmt |
| Exclusion | $9,401,592 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $210,459 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $458,053 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $317,847 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$107,388 | TotalRevenueColumnAmt |
| Exclusion | -$107,388 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $2,329,955 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $997,550 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,332,405 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $67,189 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,265,216 | UnrelatedBusinessRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Grande Oaks LLC | Desc |
| Business | 713910 | BusinessCd |
| Total Revenue Column | $6,335,751 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $319,417 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $6,016,334 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $6,335,751 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $937,818,588 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $806,760,445 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $7,412,794 | UnrelatedBusinessRevenueAmt |
| Exclusion | $53,823,746 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,668,553 | TotalAmt |
| Program Services | $5,668,553 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $139,917,817 | TotalAmt |
| Program Services | $139,917,817 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,042,150 | TotalAmt |
| Program Services | $1,233,837 | ProgramServicesAmt |
| Management And General | $5,294,803 | ManagementAndGeneralAmt |
| Fundraising | $513,510 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $331,481,585 | TotalAmt |
| Program Services | $291,112,545 | ProgramServicesAmt |
| Management And General | $39,507,668 | ManagementAndGeneralAmt |
| Fundraising | $861,372 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,849,788 | TotalAmt |
| Program Services | $19,857,071 | ProgramServicesAmt |
| Management And General | $2,918,699 | ManagementAndGeneralAmt |
| Fundraising | $74,018 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,665,018 | TotalAmt |
| Program Services | $29,135,885 | ProgramServicesAmt |
| Management And General | $4,397,952 | ManagementAndGeneralAmt |
| Fundraising | $131,181 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,767,686 | TotalAmt |
| Program Services | $19,687,801 | ProgramServicesAmt |
| Management And General | $2,988,930 | ManagementAndGeneralAmt |
| Fundraising | $90,955 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,990,973 | TotalAmt |
| Program Services | $111,966 | ProgramServicesAmt |
| Management And General | $8,875,447 | ManagementAndGeneralAmt |
| Fundraising | $3,560 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $608,948 | TotalAmt |
| Program Services | $31,000 | ProgramServicesAmt |
| Management And General | $577,948 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,340,986 | TotalAmt |
| Management And General | $1,340,986 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,000 | TotalAmt |
| Fundraising | $5,000 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $802,061 | TotalAmt |
| Management And General | $802,061 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,424,244 | TotalAmt |
| Program Services | $38,484,349 | ProgramServicesAmt |
| Management And General | $5,540,250 | ManagementAndGeneralAmt |
| Fundraising | $399,645 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,915,606 | TotalAmt |
| Program Services | $346,645 | ProgramServicesAmt |
| Management And General | $7,558,418 | ManagementAndGeneralAmt |
| Fundraising | $10,543 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,504,638 | TotalAmt |
| Program Services | $25,972,351 | ProgramServicesAmt |
| Management And General | $5,278,581 | ManagementAndGeneralAmt |
| Fundraising | $253,706 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,906,063 | TotalAmt |
| Program Services | $16,667,422 | ProgramServicesAmt |
| Management And General | $2,204,932 | ManagementAndGeneralAmt |
| Fundraising | $33,709 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,425 | TotalAmt |
| Program Services | $9,325 | ProgramServicesAmt |
| Management And General | $100 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,918,923 | TotalAmt |
| Program Services | $66,652,070 | ProgramServicesAmt |
| Management And General | $12,230,208 | ManagementAndGeneralAmt |
| Fundraising | $36,645 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,575,117 | TotalAmt |
| Program Services | $4,784,128 | ProgramServicesAmt |
| Management And General | $772,636 | ManagementAndGeneralAmt |
| Fundraising | $18,353 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,509,883 | TotalAmt |
| Program Services | $2,219,665 | ProgramServicesAmt |
| Management And General | $278,192 | ManagementAndGeneralAmt |
| Fundraising | $12,026 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,874,618 | TotalAmt |
| Program Services | $16,398,310 | ProgramServicesAmt |
| Management And General | $7,476,308 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,148,698 | TotalAmt |
| Program Services | $40,271,677 | ProgramServicesAmt |
| Management And General | $5,690,300 | ManagementAndGeneralAmt |
| Fundraising | $186,721 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,693,964 | TotalAmt |
| Program Services | $11,672,496 | ProgramServicesAmt |
| Management And General | $7,021,468 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Small Equipment | $11,132,789 | $10,743,983 | $330,268 | $58,538 |
| Dues and Subscriptions | $5,664,779 | $4,497,291 | $1,150,737 | $16,751 |
| Bad Debt Expense | $5,568,894 | $4,458,568 | $1,110,326 | |
| Special Promotions | $4,977,455 | $3,606,627 | $719,327 | $651,501 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,727,276 | TotalAmt |
| Program Services | $5,541,416 | ProgramServicesAmt |
| Management And General | $161,712 | ManagementAndGeneralAmt |
| Fundraising | $24,148 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $886,692,937 | TotalAmt |
| Program Services | $759,082,798 | ProgramServicesAmt |
| Management And General | $124,228,257 | ManagementAndGeneralAmt |
| Fundraising | $3,381,882 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,292,587 | BOYAmt |
| EOY | $23,708,429 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,064,796 | BOYAmt |
| EOY | $31,673,142 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,342,951 | BOYAmt |
| EOY | $61,322,914 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,878,317 | BOYAmt |
| EOY | $28,941,385 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,633,368 | BOYAmt |
| EOY | $4,103,303 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $865,009 | BOYAmt |
| EOY | $957,728 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,261,034 | BOYAmt |
| EOY | $12,912,936 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,556,358,477 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $666,512,350 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $893,935,435 | BOYAmt |
| EOY | $889,846,127 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $713,176,761 | BOYAmt |
| EOY | $766,641,805 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,971,805 | BOYAmt |
| EOY | $71,974,951 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,498,946 | BOYAmt |
| EOY | $98,765,245 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,951,921,009 | BOYAmt |
| EOY | $1,990,847,965 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,180,314 | BOYAmt |
| EOY | $50,164,479 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,925,227 | BOYAmt |
| EOY | $88,239,354 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $279,948,815 | BOYAmt |
| EOY | $271,058,739 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $486,122,250 | BOYAmt |
| EOY | $465,992,245 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $912,176,606 | BOYAmt |
| EOY | $875,454,817 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $859,129,628 | BOYAmt |
| EOY | $906,215,366 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $180,614,775 | BOYAmt |
| EOY | $209,177,782 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,039,744,403 | BOYAmt |
| EOY | $1,115,393,148 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,951,921,009 | BOYAmt |
| EOY | $1,990,847,965 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $51,125,651 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $24,523,094 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | 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 | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $49,646,919 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $58,628,987 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $81,396,561 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $74,738,833 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $69,821,603 | CurrentTaxYearAmt |
| Total | $334,232,903 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $49,646,919 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $58,628,987 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $81,396,561 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $74,738,833 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $69,821,603 | CurrentTaxYearAmt |
| Total | $334,232,903 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $4,079,269 | SubstantialContributorsTotAmt |
| Public Support Total170 | $330,153,634 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $9,574,190 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,571,744 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,448,634 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,915,903 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $17,293,155 | CurrentTaxYearAmt |
| Total | $66,803,626 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $401,036,529 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $3,707,638,085 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.82330 | PublicSupportCY170Pct |
| Public Support PY170 | 0.72650 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | Yes (1) | GrantsOtherOrganizationsInd |
| Grants Other Organizations | $16,500 | GrantsOtherOrganizationsAmt |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $1,324,485 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $1,340,985 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part II-B, Line 1: | FormAndLineReferenceDesc |
| Explanation | Line 1f: During the reporting period, a portion of the university's payment to a 501 (c) membership organization was allocated to support its lobbyist who works to secure state funding. Line 1g: These expenses are for services of professional consultants hired by the university to engage in direct lobbying. These consultants work on Nova Southeastern University's behalf meeting or calling on government officials or legislators requesting support for specific projects and programs regarding higher education, research funding and other legislation which could impact the university. Also included are travel costs for students and faculty to travel to Tallahassee, FL to participate in the American Association of Colleges of Osteopathic Medicine's "Dean's Day on the Hill" to educate legislators about their medical profession and voice their support for federal policies and programs that are vital to the full continuum of their profession. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $200,765,883 | BeginningYearBalanceAmt |
| Contributions | $13,417,375 | ContributionsAmt |
| Investment Earnings Or Losses | $15,817,036 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,762,221 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,297,976 | OtherExpendituresAmt |
| End Year Balance | $224,940,097 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $226,992,581 | BeginningYearBalanceAmt |
| Contributions | $10,751,961 | ContributionsAmt |
| Investment Earnings Or Losses | -$31,605,482 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,142,148 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,231,029 | OtherExpendituresAmt |
| End Year Balance | $200,765,883 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $174,150,809 | BeginningYearBalanceAmt |
| Contributions | $12,450,466 | ContributionsAmt |
| Investment Earnings Or Losses | $44,868,798 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,405,895 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,071,597 | OtherExpendituresAmt |
| End Year Balance | $226,992,581 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $170,727,010 | BeginningYearBalanceAmt |
| Contributions | $5,165,324 | ContributionsAmt |
| Investment Earnings Or Losses | $2,173,352 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,239,410 | GrantsOrScholarshipsAmt |
| Other Expenditures | $675,467 | OtherExpendituresAmt |
| End Year Balance | $174,150,809 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $161,144,576 | BeginningYearBalanceAmt |
| Contributions | $8,309,461 | ContributionsAmt |
| Investment Earnings Or Losses | $5,232,608 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,115,159 | GrantsOrScholarshipsAmt |
| Other Expenditures | $844,476 | OtherExpendituresAmt |
| End Year Balance | $170,727,010 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.28000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.53000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.19000 | 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 | $94,146 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $76,699,438 | OtherCostOrOtherBasisAmt |
| Book Value | $76,793,584 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $975,502,695 | OtherCostOrOtherBasisAmt |
| Depreciation | $304,739,356 | DepreciationAmt |
| Book Value | $670,763,339 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $40,815,008 | OtherCostOrOtherBasisAmt |
| Depreciation | $38,790,468 | DepreciationAmt |
| Book Value | $2,024,540 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $216,143,180 | OtherCostOrOtherBasisAmt |
| Depreciation | $169,603,363 | DepreciationAmt |
| Book Value | $46,539,817 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $247,104,010 | OtherCostOrOtherBasisAmt |
| Depreciation | $153,379,163 | DepreciationAmt |
| Book Value | $93,724,847 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $889,846,127 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (8 entries)
| DescDesc | AmtAmt |
|---|---|
| Other Current Liabilities | $14,301,119 |
| Accrued Insurance | $19,629,436 |
| Grande Oaks Other LT Liabilities | $4,175,961 |
| Current Student Deposit | $8,290,182 |
| Liabilities for Refundable Student Loans | $4,220,481 |
| Other Long Term Liabilities | $10,876,200 |
| Lease Liability | $81,581,399 |
| Taxable Bonds | $322,917,467 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $465,992,245 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part III, Line 1a: | The NSU Art Museum Fort Lauderdale acquires art for its collection through purchase or gift. As permitted by SFAS 116 (ASC 958), accounting for contributions received and contributions made, the Museum does not include its collection items as assets in the consolidated statement of financial position. Accordingly, no value has been assigned to the Museum's art collection. The University's policy requires any proceeds from sales of collection items to be used to acquire other items for the collection or for the direct care of its collection (expenditures that enhance the life, usefulness, or quality of an object, and improve the physical impact and condition of an item). Proceeds from the sale of collection items and expenditures for collection items purchased are reflected in the consolidated statement of activities within other revenues and expenses, respectively. |
| Part III, Line 4: | Nova Southeastern University operates the NSU Art Museum Fort Lauderdale. In service to the public, the mission of the Museum is to actively engage diverse audiences in the appreciation of works of art through innovative exhibitions, education programs, publications, and collection activities. This mission is consistent with the University's exempt educational purpose. Part V, line 1g Col (a): The amounts listed in Part V, Line 1g, include endowment-related pledges receivable. As of June 30, 2023 endowment-related pledges receivable totaled $41.2 million. |
| Part V, Line 4: | The University's endowment consists of approximately 412 individual endowments (which includes both donor restricted endowment funds and funds designated by the board of trustees) which have been set aside and invested primarily for scholarships. |
| Part X, Line 2: | Accounting for Uncertainty in Income Taxes: The University follows the guidance contained in ASC 740, Income Taxes. ASC 740 addresses the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribes a threshold of more-likely-than-not for recognition and de-recognition of tax positions taken or expected to be taken in a tax return. There were no uncertain tax positions recorded in the consolidated financial statements for fiscal years 2023 or 2022. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | See Part II |
| Line 3 - Explanation of Nondiscrimination Policy: | Consistent with all federal and state laws, rules, regulations, and/or local ordinances (e.g. Title VII, Title VI, Title III, Title II, Rehab Act, ADA, Title IX, and the Florida Civil Rights Act), it is the policy of Nova Southeastern University not to engage in discrimination or harassment against any persons because of race, color, religion or creed, sex, pregnancy, national or ethnic origin, non-disqualifying disability, age, ancestry, marital status, sexual orientation, gender, gender identity, military service, veteran status, political beliefs or affiliations, and to comply with all federal and state nondiscrimination, equal opportunity and affirmative action laws, orders, and regulations. This nondiscrimination policy applies to admissions, enrollment, scholarships, loan programs, athletics, employment, and access to, participation in, and treatment in all university centers, programs, and activities. NSU admits students of any race, color, religion or creed, sex, pregnancy, national or ethnic origin, non-disqualifying disability, age, ancestry, marital status, sexual orientation, gender, gender identity, military service, veteran status, political beliefs or affiliations, to all the rights, privileges, programs, and activities generally accorded or made available to students at NSU and does not discriminate in the administration of its educational policies, admission policies, scholarship and loan programs, and athletic and other school-administered programs. Line 6 - Explanation of Government Financial Aid: Students receive financial aid from the federal government. State aid is provided through grants. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (6 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|---|
| Central America/Caribbean | 0 | 0 | Investments | $25,931,842 | |
| Europe | 0 | 3 | Program Services | $13,088 | Education |
| Central America/Caribbean | 0 | 1 | Program Service | $165,686 | Education |
| Central America/Caribbean | 0 | 1 | Program Service | $7,157 | Mission Trip |
| Middle East and North Africa | 0 | 4 | Program Service | $21,268 | Mission Trip |
| Middle East and North Africa | 0 | 1 | Program Service | $1,068 | Research |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 10 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 10 | TotalEmployeeCnt |
| Subtotal Spent | $26,140,109 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $26,140,109 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | Yes (1) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, line 3: | The amounts reported in column (f) include primarily the direct expenditures for the regions listed, recorded on the accrual method of accounting. |
| Part III Accounting Method: |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Museum Gala | Event1Nm |
| Gross Receipts Event1 | $276,650 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $248,700 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $27,950 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $7,100 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $40,264 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $0 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $20,795 | OtherDirectExpensesEvent1Amt |
| Event2 | NSU Golf Classic | Event2Nm |
| Gross Receipts Event2 | $244,570 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $131,422 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $113,148 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $1,000 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $45,747 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $9,750 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $82,898 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 4 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $147,292 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $77,931 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $69,361 | GrossRevenueOtherEventsAmt |
| Rent Fclty Costs Other Events | $800 | RentFcltyCostsOtherEventsAmt |
| Food And Beverage Other Events | $24,290 | FoodAndBeverageOtherEventsAmt |
| Entertainment Other Events | $61,123 | EntertainmentOtherEventsAmt |
| Oth Direct Expnss Other Events | $24,081 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $668,512 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $458,053 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $210,459 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $8,900 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $110,301 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $70,873 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $127,774 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $317,848 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$107,389 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (32 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| Central Florida Ahec Inc | ||||||||
| 328 S Central Ave | Apopka | FL | 32703 | 593050122 | 501(C)(3) | $1,404,766 | $0 | Instruction |
| Everglades Ahec | ||||||||
| 5725 Corporate Way Ste 102 | West Palm Beach | FL | 33407 | 592740558 | 501(C)(3) | $1,203,810 | $0 | Instruction |
| Research Triangle Institute | ||||||||
| PO BOX 12194 | Research Triangle Park | NC | 27709 | 560686338 | 501(C)(3) | $633,044 | $0 | Research |
| Healthy Aquatics Marine Institute of Florida Inc | ||||||||
| 520 24th Street | West Palm Beach | FL | 33407 | 813369434 | 501(C)(3) | $287,870 | $0 | Research |
| Coastal Eco-Group Inc | ||||||||
| 810 SE 8th Avenue Ste C | Deerfield Beach | FL | 33441 | 203829350 | $258,495 | $0 | Research | |
| Miami Dade College | ||||||||
| 11011 SW 104 Street | Miami | FL | 33176 | 591210485 | 501(C)(3) | $223,746 | $0 | Instruction |
| South Florida VA Foundation for Res | ||||||||
| 121 NW 16 Street | Miami | FL | 33125 | 650207903 | 501(C)(3) | $221,772 | $0 | Research |
| Care Resource-Community Aids Resour | ||||||||
| 3510 Biscayne Blvd 300 | Miami | FL | 33137 | 592564198 | 501(C)(3) | $146,705 | $0 | Community Service |
| Florida International University | ||||||||
| ORED MARC 470 | Miami | FL | 33199 | 650177616 | State of FL | $145,908 | $0 | Research |
| University of Miami | ||||||||
| PO Box 248106 | Coral Gables | FL | 33146 | 590624458 | 501(C)(3) | $121,159 | $0 | Research |
| Boston University | ||||||||
| 881 Commonwealth Avenue | Boston | MA | 02215 | 042103547 | 501(C)(3) | $90,058 | $0 | Research |
| Louisiana State University and Agricultural and Mechanical College | ||||||||
| 202 Himes Hall | Baton Rouge | LA | 70803 | 726000848 | State of LA | $74,023 | $0 | Research |
| Baylor College of Medicine | ||||||||
| Once Baylor Plaza BCM 200 | Houston | TX | 77030 | 741613878 | 501(C)(3) | $70,529 | $0 | Research |
| SymbioSeas | ||||||||
| PO BOX 1189 | Carolina Beach | NC | 28428 | 471900024 | 501(C)(3) | $64,000 | $0 | Research |
| Caridad Center | ||||||||
| 8645 W Boynton Beach Blvd | Boynton Beach | FL | 33472 | 650149423 | 501(C)(3) | $56,668 | $0 | Instruction |
| University of Florida | ||||||||
| PO Box 113001 | Gainesville | FL | 32611 | 596002052 | State of FL | $42,728 | $0 | Research |
| University of Florida | ||||||||
| 4019 E Fowler Ave Suite 100 | Tampa | FL | 33617 | 593102112 | State of FL | $42,626 | $0 | Research |
| Smithsonian Institution | ||||||||
| 1000 Jefferson Drive S W | Washington | DC | 20560 | 530206027 | 501(C)(3) | $40,630 | $0 | Research |
| Meta Media Training Intl Inc | ||||||||
| 5257 Buckeystown Pike | Frederick | MD | 21704 | 522236176 | $37,000 | $0 | Instruction | |
| Healthy Aquatics Marine Institute of Florida Inc | ||||||||
| 520 24th Street | West Palm Beach | FL | 33407 | 813369434 | 501(C)(3) | $33,206 | $0 | Research |
| Veterans Bio-Medical Research Institute Inc | ||||||||
| 385 Tremont Avenue | East Orange | NJ | 07018 | 222995785 | 501(C)(3) | $32,384 | $0 | Research |
| Florida Atlantic University | ||||||||
| 777 Glades Road | Boca Raton | FL | 33431 | 650385507 | State of FL | $32,178 | $0 | Instruction,Research |
| Georgia Tech Research Corporation | ||||||||
| 926 Dalney Street NW | Atlanta | GA | 30332 | 580603146 | 501(C)(3) | $29,684 | $0 | Research |
| Ocean Data Technologies Inc | ||||||||
| 31 School Street | Hyannis | MA | 02601 | 510472003 | $28,752 | $0 | Research | |
| Florida Gulf Coast University | ||||||||
| 10501 FGCU Blvd | Fort Myers | FL | 33965 | 650753801 | State of FL | $23,599 | $0 | Research |
| Georgetown University | ||||||||
| 37th and O Streets NW | Washington | DC | 20057 | 530196603 | 501(C)(3) | $21,902 | $0 | Research |
| South Florida Autism Charter School | ||||||||
| 18305 NW 75 Pl | Hialeah | FL | 33015 | 263880489 | 501(C)(3) | $20,000 | $0 | Instruction |
| Perry Institute for Marine Science | ||||||||
| 5356 Main St PO Box 435 No1 | Waitsfield | VT | 05673 | 591308004 | 501(C)(3) | $13,500 | $0 | Research |
| University of Pittsburgh | ||||||||
| 116 Atwood Street 201 | Pittsburgh | PA | 15260 | 250965591 | 501(C)(3) | $11,424 | $0 | Instruction,Research |
| University of Central Florida | ||||||||
| PO Box 160118 | Orlando | FL | 32816 | 592924021 | State of FL | $7,736 | $0 | Instruction |
| Junior Achievement of South Florida | ||||||||
| 1130 Coconut Creek Blvd | Coconut Creek | FL | 33066 | 590871446 | 501(C)(3) | $90,000 | $0 | External Donation |
| United Way Of Broward County Inc | ||||||||
| 1300 South Andrews Avenue | Fort Lauderdale | FL | 33316 | 590624402 | 501(C)(3) | $25,000 | $0 | External Donation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 29 | Total501c3OrgCnt |
| Total Other Org | 3 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|
| Student Financial Assistance | 10691 | $139,860,479 | n/a |
| NSU Cares Support Fund | 170 | $57,338 | n/a |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | NSU Office of Sponsored Programs maintains a written, formal policy that outlines the procedures and guidelines for monitoring the use of sponsored funds by subrecipients. Prior to entering into a subaward agreement, NSU will assess subrecipient risk based on factors such as financial stability, experience with federal awards, quality of management systems and internal controls, and prior audit results. NSU will determine what type of monitoring activities are warranted based on risk, and develop a subrecipient monitoring plan. NSU will subsequently enter into a subaward agreement with each subrecipient which properly identifies prime award information, compliance requirements, and subrecipient monitoring documents required, as applicable. Throughout the period of performance, the Principal Investigator for the project monitors the programmatic activities of the subrecipient; determining that appropriate progress has been made; receiving, reviewing and retaining copies of required programmatic reports; and reviewing/approving subrecipient invoices prior to submitting to the NSU Office of Sponsored Programs for approval and processing. As part of the initial risk assessment and throughout the period of performance of the subaward, NSU will collaboratively review any deficiencies pertaining to the sponsored award that are identified through audits or other means, and issue a management decision. Schedule I, Part I, Line 2: Institutional grants awarded to students are recorded to individual student accounts and to each college departmental account using specific contra revenue account codes. The number of recipients and amount of awards varies by center and program. Funds set aside for scholarships are budgeted annually and included in the University's budget plan approved by the Board of Trustees. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | Yes (1) | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| George L Hanbury II PhD | ||||||||||||||
| President/Chief Executive Officer | $803,178 | $0 | $0 | $0 | $447,954 | $0 | $528,123 | $0 | $23,439 | $0 | $1,802,694 | $0 | $0 | $0 |
| Elaine M Wallace | ||||||||||||||
| Dean - Coll of Osteopathic Medicine | $681,029 | $0 | $0 | $0 | $16,418 | $0 | $30,500 | $0 | $18,404 | $0 | $746,351 | $0 | $0 | $0 |
| Johannes G Vieweg | ||||||||||||||
| Dean - Coll Of Allopathic Medicine | $650,339 | $0 | $0 | $0 | $16,022 | $0 | $30,500 | $0 | $19,561 | $0 | $716,422 | $0 | $0 | $0 |
| Frederick Lippman | ||||||||||||||
| Chancellor HPD | $507,145 | $0 | $0 | $0 | $71,311 | $0 | $30,500 | $0 | $2,006 | $0 | $610,962 | $0 | $0 | $0 |
| Harry K Moon | ||||||||||||||
| Exec VP & COO | $495,051 | $0 | $0 | $0 | $28,577 | $0 | $30,500 | $0 | $20,213 | $0 | $574,341 | $0 | $0 | $0 |
| Ronald Chenail | ||||||||||||||
| Provost/Exec VP Acad Affairs | $437,018 | $0 | $0 | $0 | $10,511 | $0 | $30,500 | $0 | $21,114 | $0 | $499,143 | $0 | $0 | $0 |
| Steven Kaltman | ||||||||||||||
| Dean - Coll of Dental Medicine | $402,157 | $0 | $2,207 | $0 | $3,778 | $0 | $30,500 | $0 | $19,888 | $0 | $458,530 | $0 | $0 | $0 |
| Ray Ferrero | ||||||||||||||
| University Chancellor | $366,932 | $0 | $0 | $0 | $35,801 | $0 | $30,500 | $0 | $23,995 | $0 | $457,228 | $0 | $0 | $0 |
| Alyson Silva | ||||||||||||||
| VP Finance & CFO | $363,754 | $0 | $0 | $0 | $672 | $0 | $30,500 | $0 | $25,034 | $0 | $419,960 | $0 | $0 | $0 |
| Brad Williams | ||||||||||||||
| Snr VP Enrollment Mmgmt & Stud Affrs | $371,533 | $0 | $0 | $0 | $2,950 | $0 | $30,500 | $0 | $11,375 | $0 | $416,358 | $0 | $0 | $0 |
| Irving Rosenbaum | ||||||||||||||
| Former Key Employee | $291,606 | $0 | $0 | $0 | $2,301 | $0 | $28,702 | $0 | $10,064 | $0 | $332,673 | $0 | $0 | $0 |
| Guy Nehrenz | ||||||||||||||
| Interim Dean-Coll of Hlth Care Scs | $238,659 | $0 | $0 | $0 | $2,506 | $0 | $24,876 | $0 | $20,204 | $0 | $286,245 | $0 | $0 | $0 |
| Stanley Wilson | ||||||||||||||
| Former Key Employee | $176,869 | $0 | $0 | $0 | $1,083 | $0 | $18,308 | $0 | $19,697 | $0 | $215,957 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | Supplemental Compensation Information: First class travel - Per the travel policy of Nova Southeastern University, Inc., all travel must be by the most direct or economical route. Higher fares may be reimbursable only when coach accommodations would: (1) require circuitous routing; (2) require travel during unreasonable hours; (3) greatly increase the duration of the flight; (4) result in additional costs which would offset the transportation savings; (5) offer accommodations which are not reasonably adequate for the medical needs of the traveler. These exceptions will require the traveler to submit a letter of approval signed by their Dean or Vice President. When traveling by air, the Board of Trustees have approved the President and his spouse to travel at a First Class fare (or business class if it is not available), while taking care to use available coupons, rewards or certificates when feasible. Travel for companions - Per the travel policy of Nova Southeastern University, Inc., when a spouse or dependent accompanies the employee, the University will pay for only the travel costs of the employee. Occasionally, spouses of faculty and staff are asked to travel on University business. Spouse travel reimbursement by the University requires approval by a Dean or Officer, or their authorized representative. If the business purpose of the spousal travel is not properly documented, it will be taxed to the employee. Gross-up payments - Tax gross-up payments may occasionally be provided to university employees and in those instances are included in taxable compensation. Housing allowance - A housing allowance is provided to the president of the University. This allowance is fully taxable to the recipient. Social club dues - The university pays for club dues on behalf of certain executives, some of which are treated as taxable to the employee and included in his or her compensation. |
| Part I, Line 4b | George L. Hanbury's employment agreement includes a deferred compensation arrangement. The estimated deferred amount attributable to one service year is reported in Schedule J, Part II, Column(C). |
| Part I, Line 5 | Steven Kaltman received an incentive bonus payment that was calculated as a percentage of net collections from dental clinic activity. Amounts paid are shown in Schedule J, Part II, Column(BII). |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| HEFFA Series 2016 | ||||||||
| A | 900058227 | 34073TGK7 | 2016-05-12 | $103,761,055 | Refund 2006 & 2011 | 0 | 0 | 0 |
| Town of Davie Florida Series 2018 | ||||||||
| B | 596046527 | 23867PBU1 | 2018-07-27 | $157,517,526 | Const. & Refund 2008A | 0 | 0 | 0 |
| FDFC Series 2020A | ||||||||
| C | 593270584 | 34061UEZ7 | 2020-06-30 | $44,529,711 | Refund 2009 & 2012B | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | RetiredRetiredAmt | Capitalized InterestCapitalizedInterestAmt | Capital ExpendituresCapitalExpendituresAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $103,992,585 | $985,325 | $103,007,260 | 2016 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | |||
| B | $158,838,362 | $1,511,755 | $54,569,913 | 2019 | Yes (1) | 0 | Yes (1) | Yes (1) | $4,510,000 | $4,669,058 | $98,087,636 |
| C | $44,529,711 | $392,680 | $44,137,031 | 2019 | Yes (1) | 0 | Yes (1) | Yes (1) | $15,800,000 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Total Private Business UseTotalPrivateBusinessUsePct |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) | ||
| B | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) | ||
| C | 0 | Yes (1) | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) | 0.00480 | 0.00480 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Column (a)Full Name of Bond Issue and (f)Description of Purpose | FormAndLineReferenceDesc |
| Explanation | Row A: (a)Higher Educational Facility Financing Authority (HEFFA)/Series 2016 (f)Refund the outstanding BCEFA Series 2006 issued on April 12, 2006 and partially refund the HEFFA Series 2011 issued on February 15, 2011 Row B: (a)Town of Davie, Florida 2018 (f)Refund the outstanding 2008A Bonds and building an approximately 609-bed dormitory facility and approximately 1,300- space parking garage on main campus and may also be used to finance and refinance, all or in part, the acquisition,construction,improvement and equipping of other residence halls and classrooms located on the main campus Row C: (a)Florida Development Finance Corporation (FDFC)Series 2020A (f)Refund the outstanding Town of Davie, Florida Series 2009 and the HEFFA Series 2012B bond Part II, Line 3: Total proceeds of HEFFA/Series 2016 bond includes investments earnings totaling $231,530. Part II, Line 3: Total proceeds of Town of Davie, Florida 2018 bond includes investments earnings totaling $1,320,836 and the unused cost of issuance totaling $28,402 (explained more fully in Part VI Disclosure for Part II, Line 7). Part II, Line 7: Town of Davie, Florida series 2018 Cost of Issuance: The cost of issuance per the Form 8038 totaling 1,540,157 is $28,402 more than the amount reported on Part II, line 7 totaling $1,511,755 due to the actual cost of issuance being less than budgeted. As a result, the $28,402 was expended for Series 2018 projects. Part II, Line 13 The years of substantial completion reported on Part II, Line 13 represent the calendar year in which the University's fiscal year began. Part III, Line 2: FDFC, Series 2020A The University reviews the use of its bond-financed facilities and consults with bond counsel regularly. The University reports private business use through leases of bond-financed facilities on Part III, Line 4, except where it has determined that such use is fully offset with qualified equity through direct or floating allocation. Part III, Line 3 The University reviews the use of its bond-financed facilities and consults with bond counsel regularly. The University has determined that all management and service contracts fall within one of the available safe harbors under Rev. Proc. 97-13 or 2017-13, the incidental use exception, or are fully offset with qualified equity through direct or floating allocation. Part IV, Line 2c Issue Name: HEFFA Series 2016 Date the rebate computation was performed: 5/28/21 Issue Name: Town of Davie, Florida Series 2018 Date the rebate computation was performed: 9/8/23 | ExplanationTxt |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)
| Cash GrantCashGrantAmt | Type Of AssistanceTypeOfAssistanceTxt | Assistance PurposeAssistancePurposeTxt |
|---|---|---|
| $38,114 | Tuition Waivers/Scholarships for family members | To attend Nova Southeastern University |
| $2,712 | Tuition Waivers/Scholarships for Key Employees | to attend Nova Southeastern University |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| Anne H Rambo | |||
| Family member of former key employee, Irving Rosenbaum | $169,711 | Employment at Nova Southeastern University, Inc. | 0 |
| Jill Wallace Ross | |||
| Family member of current key employee, Elaine Wallace | $265,334 | Employment at Nova Southeastern University, Inc. | 0 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 17 | ContributionCnt |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 23 | ContributionCnt |
| Noncash Contributions Rpt F990 | $4,069,823 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Collectibles CollectiblesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
Food Inventory FoodInventoryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 23 | ContributionCnt |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
Drugs And Medical Supplies DrugsAndMedicalSuppliesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt |
|---|---|---|---|
| Yes (X) | See Part II | 10 | $0 |
| Yes (X) | See Part II | 15 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 5 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Column (b): | FormAndLineReferenceDesc |
| Explanation | The amount reported in column (b) represents the number of contributions received throughout the year for each type of property listed. Schedule M, Part I, Line 25: Equipment - non cash contributions of various equipment. Schedule M, Part I, Line 26: Other - includes various items donated for events, such as catering or items to be auctioned, such as dining gift cards and tickets to special events. Schedule M, Part I, Line 33: Works of art on line 1(c) were not reported as revenue, as permitted under generally accepted accounting principles. A zero amount was reported for those contributions because the organization does not capitalize its collections, as allowed under ASC 958-360-25, formerly known as SFAS 116. Other than works of art, in instances where no amounts were reported in column (c), contribution revenue was not recorded based on immateriality. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 1a | Explain delegation of authority to an executive committee by the governing body: In accordance to Nova Southeastern University bylaws, the Executive Committee, established by the Board of Trustees (BOT), consists of the Chair of the Board of Trustees who shall serve as Chair of the Executive Committee, the Vice Chair of the Board of Trustees, the President, the chairs of the standing committees of the Board, and no more than two (2) other members of the Board as designated by the Board Chair. The Executive Committee has the power to transact all business delegated to it by the BOT and shall, during periods between meetings of the BOT and for all matters of an urgent nature for which it is impractical or impossible to delay decisions until the next meeting of the BOT, have the power to transact all business of the BOT in the management of the Corporation, subject to any limitations otherwise imposed on the BOT as a whole. The Executive Committee shall have such additional powers as conferred upon it by the BOT, and shall report in writing to the BOT following each meeting. |
| Form 990, Part VI, Section A, line 2 | Trustees George Platt and Charles L. Palmer - business relationship. |
| Form 990, Part VI, Section B, line 11b | Describe the process used by the organization to review this Form 990: The Form 990 is prepared by the Nova Southeastern University Tax Department and reviewed by the Controller, then presented to the University's outside tax accountants (KPMG, LLP) for review. After review by the outside tax accountants, a draft copy of the Form 990 and all required schedules are provided for review to the Vice President of Finance/Chief Financial Officer and the President/Chief Executive Officer of the University. Upon completion of the internal review, the final form 990 and all required schedules are initially provided to the Executive Committee of the Board of Trustees and subsequently made available to the full Board of Trustees prior to filing. |
| Form 990, Part VI, Section B, line 12c | Describe how the organization monitors and enforces compliance with its conflict of interest policy: Nova Southeastern University (NSU) has a written Conflict of Interest/Conflict of Commitment Policy which applies to all NSU employees. Anyone with knowledge of a conflict or potential conflict is required to immediately advise their Dean/Vice President or the Office of Human Resources. All full-time and part-time faculty members and staff members at the Director level and above are required to complete a Conflict of Interest/Conflict of Commitment Declaration & Disclosure Statement, upon hire and then annually, identifying any actual or potential conflicts. If a potential or perceived conflict of interest/conflict of commitment is identified, the Dean/Vice President is responsible for developing and monitoring a Management plan to address and/or eliminate the conflict/conflict of commitment. Under the Conflict of Interest Policy affecting Trustees in the Audit and Compliance Committee Charter, Trustees have a duty at all times to promptly disclose in writing to the NSU President any current, proposed or pending situation that does or may constitute a Conflict of Interest. Additionally, the Policy requires that on an annual basis all Trustees must complete and sign a Disclosure/Conflicts of Interest Questionnaire. The policy states how conflicts are managed, reduced or eliminated and with respect to any Conflicts of Interest before the Audit and Compliance Committee or NSU's Board of Trustees, in no event may the trustee with the Conflict of Interest (1) be present, participate in the deliberations, or vote, or (ii) attempt to improperly influence the deliberations or the vote. The Trustee's Conflict of interest and recusal are noted in the minutes to any such meeting. |
| Form 990, Part VI, Section B, line 15 | Process for determining compensation of Officers and Key positions: A comparative analysis for the position of President/CEO is performed by the Vice President of Human Resources and provided to the compensation committee of the Board of Trustees whose members are appointed by the Board Chair. The analysis is reported to the Executive Committee, who informs the Board of Trustees. Compensation analysis and recommendations for other university officers and key positions are prepared by the Office of Human Resources and reviewed by the university's senior executives. |
| Form 990, Part VI, Section C, line 19 | Nova Southeastern University's audited financial statements are part of its Annual Report which is made available on its website at http://www.nova.edu/fop/. In addition, the public at large may receive a copy of the report upon request. The University's Conflict of Interest Policy is available on its website at https://www.nova.edu/hr/conflict-interest. The University's Articles of Incorporation can be requested by the public from the Florida, Department of State, Division of Corporations. The University's Bylaws are not made available to the public. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (3 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 |
|---|---|---|---|---|---|---|---|---|---|
| NSU Grande Oaks LLC | |||||||||
| 3201 W Rolling Hills Circle | Fort Lauderdale | FL | 33328 | 204811801 | Golf Course | FL | $8,545,706 | $42,379,204 | Nova Southeastern University Inc |
| NSU Park Plaza LLC | |||||||||
| 3300 S University Drive | Fort Lauderdale | FL | 33328 | 954893480 | Commercial Real Estate | FL | $10,262,501 | $2,856,313 | Nova Southeastern University Inc |
| NSU Health LLC | |||||||||
| 3300 S University Drive | Fort Lauderdale | FL | 33328 | 863475957 | Health services | FL | $0 | $0 | Nova Southeastern University Inc |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NSU Health Professions Division Foundation Inc | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3200 South University Dr | AddressLine1Txt |
| City | Fort Lauderdale | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33328 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 650456144 | EIN |
| Primary Activities | Support Org | PrimaryActivitiesTxt |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Exempt Code Section | 501 (c) (3) | ExemptCodeSectionTxt |
| Public Charity Status | Line 12c, III-FI | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Legal Domicile StateLegalDomicileStateCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NSU Guaranty Insurance Company LTD | ||||||||||||||||
| c/o Willis Mgt PO Box 30600 KY1 12 | Grand Cayman | CJ | KY1-1203 | Insurance Captive | CJ | Nova Southeastern University Inc | C | $36,784,551 | 1.00000 | Yes (1) | ||||||
| The Pointe Corp Office Park Prop Owners Assn Inc | ||||||||||||||||
| Prop Owner's Assn (no activity) | Nova Southeastern University Inc | C | 1.00000 | Yes (1) | 3300 S University Drive | Fort Lauderdale | FL | 33328 | 460743930 | FL | ||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | 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 | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
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