FLORIDA INSTITUTE OF TECHNOLOGY INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- FLORIDA INSTITUTE OF TECHNOLOGY INC (EIN 59-6046500)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-05-02
- IRS object ID
- 202331229349301138
- Schema version
- 2021v4.0
- 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 J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-05-02T11:44:03-04:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 591152714 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BERMAN HOPKINS WRIGHT LAHAM CPAS & ASSOC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8035 SPYGLASS HILL RD | AddressLine1Txt |
| City | MELBOURNE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 329407984 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 596046500 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FLORIDA INSTITUTE OF | BusinessNameLine1Txt |
| Business Name Line2 | TECHNOLOGY INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FLOR | BusinessNameControlTxt |
| Phone | 3216627297 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 W UNIVERSITY BLVD | AddressLine1Txt |
| City | MELBOURNE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 329016975 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KATHLEEN MCDERMOTT | PersonNm |
| Person Title | INTERIM CFO | PersonTitleTxt |
| Phone | 3216747342 | PhoneNum |
| Signature | 2023-04-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | KATHLEEN | PersonFirstNm |
| Person Last | MCDERMOTT | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ABBEY K REDDEN CPA | PreparerPersonNm |
| PTIN | P00189512 | PTIN |
| Phone | 3217572020 | PhoneNum |
| Preparation | 2023-04-29 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MR ROBERT KING | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 W UNIVERSITY BLVD | AddressLine1Txt |
| City | MELBOURNE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 329016975 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $255,596,997 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.FIT.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1958 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | FLORIDA INSTITUTE OF TECHNOLOGY'S MISSION IS TO PROVIDE HIGH-QUALITY EDUCATION TO A CULTURALLY DIVERSE STUDENT BODY IN ORDER TO PREPARE STUDENTS FOR ENTERING THE GLOBAL WORKFORCE, SEEKING HIGHER-EDUCATION OPPORTUNITIES, AND SERVING WITHIN THEIR COMMUNITIES. THE UNIVERSITY ALSO SEEKS TO EXPAND KNOWLEDGE THROUGH BASIC AND APPLIED RESEARCH AND TO SERVE THE DIVERSE ECONOMIC, CULTURAL, AND SOCIETAL NEEDS OF OUR LOCAL, STATE, NATIONAL AND INTERNATIONAL CONSTITUENCIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 35 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 35 | VotingMembersIndependentCnt |
| Total Employee | 2753 | TotalEmployeeCnt |
| Total Volunteers | 34 | TotalVolunteersCnt |
| Total Gross UBI | $9,975,554 | TotalGrossUBIAmt |
| PY Contributions Grants | $27,538,433 | PYContributionsGrantsAmt |
| CY Contributions Grants | $29,346,904 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $160,259,285 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $173,595,201 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,777,191 | PYInvestmentIncomeAmt |
| CY Investment Income | $8,071,462 | CYInvestmentIncomeAmt |
| PY Other Revenue | $850,190 | PYOtherRevenueAmt |
| CY Other Revenue | $891,463 | CYOtherRevenueAmt |
| PY Total Revenue | $191,425,099 | PYTotalRevenueAmt |
| CY Total Revenue | $211,905,030 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $102,326,182 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $95,847,524 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $4,057,672 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $77,547,832 | PYOtherExpensesAmt |
| CY Other Expenses | $83,012,090 | CYOtherExpensesAmt |
| PY Total Expenses | $179,874,014 | PYTotalExpensesAmt |
| CY Total Expenses | $178,859,614 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $11,551,085 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $33,045,416 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $380,099,144 | TotalAssetsBOYAmt |
| Total Assets EOY | $365,997,588 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $166,241,362 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $145,565,436 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $213,857,782 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $220,432,152 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | FLORIDA INSTITUTE OF TECHNOLOGY'S MISSION IS TO PROVIDE HIGH-QUALITY EDUCATION TO A CULTURALLY DIVERSE STUDENT BODY IN ORDER TO PREPARE STUDENTS FOR ENTERING THE GLOBAL WORKFORCE, SEEKING HIGHER-EDUCATION OPPORTUNITIES, AND SERVING WITHIN THEIR COMMUNITIES. THE UNIVERSITY ALSO SEEKS TO EXPAND KNOWLEDGE THROUGH BASIC AND APPLIED RESEARCH AND TO SERVE THE DIVERSE ECONOMIC, CULTURAL, AND SOCIETAL NEEDS OF OUR LOCAL, STATE, NATIONAL AND INTERNATIONAL CONSTITUENCIES. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $81,905,706 | ExpenseAmt |
| Revenue | $153,402,737 | RevenueAmt |
| Desc | INSTRUCTION AND ACADEMIC SUPPORT THE UNIVERSITY INSTRUCTED 3,496 UNDERGRADUATE, 1,648 GRADUATE AND 549 DOCTORATE STUDENTS ON CAMPUS AND OFF CAMPUS SITES. IN ADDITION, THERE WERE 3,623 ONLINE STUDENTS IN UNDERGRADUATE AND GRADUATE PROGRAMS. THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS IN THE FOLLOWING FIELDS OF STUDY: ENGINEERING, SCIENCE, AERONAUTICS, PSYCHOLOGY, LIBERAL ARTS, BUSINESS, AVIATION. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $53,627,971 | ExpenseAmt |
| Revenue | $20,192,464 | RevenueAmt |
| Desc | STUDENT SERVICES, AUXILIARY ENTERPRISES, AND OTHER REVENUES MAJOR SERVICES PROVIDED ARE HOUSING AND DINING. IN ADDITION, CAMPUS LIFE REVOLVES AROUND THE CLEMENTE CENTER FOR SPORTS AND RECREATION, THE DENIUS STUDENT CENTER AND PANTHER PLAZA. STUDENTS PARTICIPATE IN A WIDE VARIETY OF INTRAMURAL SPORTS, MORE THAN 100 STUDENT ORGANIZATIONS AND 19 INTERCOLLEGIATE SPORTS. FROM GREEK LIFE TO THE COLLEGE PLAYERS THEATRICAL ORGANIZATION, STUDENTS ARE ACTIVELY INVOLVED IN THE LIFE OF THE CAMPUS COMMUNITY. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $135,533,677 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | Yes (true) | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 218 | IRPDocumentCnt |
| IRP Document W2 G | 13 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 2753 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 35 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 35 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KATHLEEN MCDERMOTT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3216748837 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 W UNIVERSITY BLVD | AddressLine1Txt |
| City | MELBOURNE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32901 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (49 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|---|
| T DWAYNE MCCAY | |||||||||
| PRESIDENT/ C | 40.00 | Yes (X) | $759,783 | $0 | $51,654 | ||||
| MARCO CARVALHO | |||||||||
| EVP/ PROVOST | 40.00 | $383,135 | $0 | $49,369 | Yes (X) | ||||
| GARY GRANT | |||||||||
| SVP | 40.00 | $277,866 | $0 | $47,485 | Yes (X) | ||||
| ALBINO CAMPANINI | |||||||||
| SVP | 40.00 | $260,282 | $0 | $40,472 | Yes (X) | ||||
| MICHAEL GRIEVES | |||||||||
| FORMER INTER | 40.00 | $262,115 | $0 | $26,763 | Yes (X) | ||||
| STEVEN SHAW | |||||||||
| VISITING PRO | 40.00 | $227,494 | $0 | $39,940 | Yes (X) | ||||
| HECTOR GUTIERREZ | |||||||||
| PROFESSOR | 40.00 | $199,789 | $0 | $41,574 | Yes (X) | ||||
| RICHARD ARONSON | |||||||||
| PROFESSOR | 40.00 | $197,293 | $0 | $42,294 | Yes (X) | ||||
| BRIAN EHRLICH | |||||||||
| VP | 40.00 | $191,351 | $0 | $42,137 | Yes (X) | ||||
| DANIEL KIRK | |||||||||
| PROFESSOR | 40.00 | $191,031 | $0 | $30,778 | Yes (X) | ||||
| LISA STEELMAN | |||||||||
| DEAN | 40.00 | $185,260 | $0 | $32,628 | Yes (X) | ||||
| THEODORE RICHARDSON | |||||||||
| DEAN | 40.00 | $185,871 | $0 | $28,938 | Yes (X) | ||||
| MING ZHANG | |||||||||
| PROFESSOR | 40.00 | $183,554 | $0 | $29,218 | Yes (X) | ||||
| MICHAEL JONES | |||||||||
| SVP - JULY 1 | 40.00 | $179,252 | $0 | $27,488 | Yes (X) | ||||
| DR RAYMOND A ARMSTRONG | |||||||||
| TRUSTEE EMER | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| DR RICHARD N BANEY | |||||||||
| TRUSTEE EMER | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR JOSEPH CARUSO | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR BRIAN CRANE | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR DALE DETMER | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MS KRISTEN DREGGORS | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| GE ANN DUNWOODY | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MS BOBBIE DYER | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR JOSEPH M FLAMMIO | |||||||||
| TRUSTEE EMER | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR DOUG FLUTIE | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR THOMAS FOLLIARD | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR STEVEN FREEMAN | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| DR SVAFA GRONFELDT | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR JOHN R HEWITT | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR ERIK E JOH | |||||||||
| TRUSTEE EMER | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MS DANA KILBOURNE | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR RICHARD P MCNEIGHT | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR KENDALL T MOORE | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR WILLIAM R MUNS | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR JAMES L FISHER PHD | |||||||||
| TRUSTEE EMER | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR ROBERT L PHEBUS | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR RICHARD R PORTER | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR WILLIAM C POTTER | |||||||||
| TRUSTEE EMER | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR ALAN L PRESTWOOD | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR D TRAVIS PROCTOR | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR JAMES E PRUITT | |||||||||
| TRUSTEE EMER | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR MICHAEL SCAFATI | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR SCOTT J SEYMOUR | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR MAHESH SHAH | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR F ALAN SMITH | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MRS ELIZABETH J SWANN | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR VIKRAM VERMA | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR TIM WAKEFIELD | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR DAVID WELDON | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| MR JAMES WONG | |||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | 2.00 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,684,076 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $530,738 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 173 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| IVEY'S CONSTRUCTION INC | |||||
| 4060 N COURTENAY PKWY | MERRITT ISLAND | FL | 32953 | CONSTRUCTION | $12,215,816 |
| ABA TECHNOLOGIES INC | |||||
| 930 S HARBOUR CITY BLVD STE 402 | MELBOURNE | FL | 32901 | ONLINE ED. | $7,942,327 |
| BISK EDUCATION INC | |||||
| 10002 PRINCESS PALM AVE | TAMPA | FL | 33619 | ONLINE ED. | $7,496,944 |
| NATIONAL MANAGEMENT RESOURCES CORP | |||||
| PO BOX 1224 | LAGRANGE | GA | 30241 | JANITORIAL | $2,576,151 |
| ELLUCIAN CO LP | |||||
| 2300 MAITLAND CENTER | MAITLAND | FL | 32751 | SOFTWARE | $1,778,772 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 39 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $25,342,524 | GovernmentGrantsAmt |
| All Other Contributions | $4,004,380 | AllOtherContributionsAmt |
| Noncash Contributions | $1,265,924 | NoncashContributionsAmt |
| Total Contributions | $29,346,904 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | BusinessBusinessCd | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TUITION & FEES | $138,859,201 | $138,859,201 | ||
| HOUSING & FOOD SERVICE | $20,192,464 | $20,192,464 | ||
| FIT AVIATION, LLC | $9,933,789 | 611710 | $9,933,789 | |
| OTHER | $4,609,747 | $4,609,747 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $173,595,201 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,582,938 | TotalRevenueColumnAmt |
| Exclusion | $3,582,938 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $623,699 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $623,699 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $623,699 | TotalRevenueColumnAmt |
| Exclusion | $623,699 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $47,646,754 | SecuritiesAmt |
| Other | $295,186 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $43,174,178 | SecuritiesAmt |
| Other | $279,238 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,472,576 | SecuritiesAmt |
| Other | $15,948 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,488,524 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$25,817 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $41,765 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,472,576 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $290,555 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $152,085 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $138,470 | TotalRevenueColumnAmt |
| Exclusion | $138,470 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $177,500 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $86,466 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $91,034 | TotalRevenueColumnAmt |
| Exclusion | $91,034 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INSURANCE RECOVERY | Desc |
| Total Revenue Column | $38,260 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $38,260 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $38,260 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $211,905,030 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $163,673,855 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $9,975,554 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,908,717 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,684,914 | TotalAmt |
| Program Services | $438,641 | ProgramServicesAmt |
| Management And General | $2,004,468 | ManagementAndGeneralAmt |
| Fundraising | $241,805 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $73,063,379 | TotalAmt |
| Program Services | $64,106,577 | ProgramServicesAmt |
| Management And General | $7,578,832 | ManagementAndGeneralAmt |
| Fundraising | $1,377,970 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,674,302 | TotalAmt |
| Program Services | $2,346,455 | ProgramServicesAmt |
| Management And General | $277,409 | ManagementAndGeneralAmt |
| Fundraising | $50,438 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,630,273 | TotalAmt |
| Program Services | $10,196,217 | ProgramServicesAmt |
| Management And General | $1,206,422 | ManagementAndGeneralAmt |
| Fundraising | $227,634 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,794,656 | TotalAmt |
| Program Services | $4,937,621 | ProgramServicesAmt |
| Management And General | $733,122 | ManagementAndGeneralAmt |
| Fundraising | $123,913 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,462,991 | TotalAmt |
| Program Services | $551,247 | ProgramServicesAmt |
| Management And General | $897,114 | ManagementAndGeneralAmt |
| Fundraising | $14,630 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $81,695 | TotalAmt |
| Program Services | $37,470 | ProgramServicesAmt |
| Management And General | $44,225 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,322 | TotalAmt |
| Management And General | $118,322 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,054,086 | TotalAmt |
| Program Services | $4,031,999 | ProgramServicesAmt |
| Management And General | $923,370 | ManagementAndGeneralAmt |
| Fundraising | $98,717 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,631,482 | TotalAmt |
| Program Services | $1,348,487 | ProgramServicesAmt |
| Management And General | $230,402 | ManagementAndGeneralAmt |
| Fundraising | $1,052,593 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,308,467 | TotalAmt |
| Program Services | $4,868,388 | ProgramServicesAmt |
| Management And General | $4,190,478 | ManagementAndGeneralAmt |
| Fundraising | $249,601 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,969,009 | TotalAmt |
| Program Services | $3,028,728 | ProgramServicesAmt |
| Management And General | $861,953 | ManagementAndGeneralAmt |
| Fundraising | $78,328 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,667 | TotalAmt |
| Management And General | $6,667 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,426,392 | TotalAmt |
| Program Services | $16,632,380 | ProgramServicesAmt |
| Management And General | $8,443,430 | ManagementAndGeneralAmt |
| Fundraising | $350,582 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,699,203 | TotalAmt |
| Program Services | $1,514,472 | ProgramServicesAmt |
| Management And General | $117,556 | ManagementAndGeneralAmt |
| Fundraising | $67,175 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $331,401 | TotalAmt |
| Program Services | $238,609 | ProgramServicesAmt |
| Management And General | $16,570 | ManagementAndGeneralAmt |
| Fundraising | $76,222 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,993,661 | TotalAmt |
| Management And General | $3,993,661 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,915,152 | TotalAmt |
| Program Services | $8,829,764 | ProgramServicesAmt |
| Management And General | $1,085,388 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,110,847 | TotalAmt |
| Program Services | $929,303 | ProgramServicesAmt |
| Management And General | $4,133,480 | ManagementAndGeneralAmt |
| Fundraising | $48,064 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| SCHOLARSHIP | $5,899,413 | $5,899,413 | |
| DINING SERVICES | $2,879,262 | $2,879,262 | |
| COGS | $2,405,396 | $2,405,396 | |
| LIBRARY RESOURCES | $1,959,239 | $1,959,239 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $759,405 | TotalAmt |
| Program Services | $759,405 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $178,859,614 | TotalAmt |
| Program Services | $135,533,677 | ProgramServicesAmt |
| Management And General | $39,268,265 | ManagementAndGeneralAmt |
| Fundraising | $4,057,672 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,843,340 | BOYAmt |
| EOY | $18,778,635 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,707,645 | BOYAmt |
| EOY | $1,641,002 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,002,291 | BOYAmt |
| EOY | $6,160,405 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,587,569 | BOYAmt |
| EOY | $1,940,919 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,403,357 | BOYAmt |
| EOY | $1,522,013 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,400,900 | BOYAmt |
| EOY | $4,458,663 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $327,384,602 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $116,549,649 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $199,158,820 | BOYAmt |
| EOY | $210,834,953 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,212,083 | BOYAmt |
| EOY | $120,589,558 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,096 | BOYAmt |
| EOY | $71,440 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,698,043 | BOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $380,099,144 | BOYAmt |
| EOY | $365,997,588 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,527,131 | BOYAmt |
| EOY | $18,341,194 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,035,638 | BOYAmt |
| EOY | $5,901,717 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,886,415 | BOYAmt |
| EOY | $103,461,247 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,508,425 | BOYAmt |
| EOY | $1,398,666 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,283,753 | BOYAmt |
| EOY | $16,462,612 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $166,241,362 | BOYAmt |
| EOY | $145,565,436 | 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 | $107,574,284 | BOYAmt |
| EOY | $132,341,340 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,283,498 | BOYAmt |
| EOY | $88,090,812 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $213,857,782 | BOYAmt |
| EOY | $220,432,152 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $380,099,144 | BOYAmt |
| EOY | $365,997,588 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $33,045,416 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$26,215,771 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$1,130,983 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $875,708 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | 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 (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
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 | false | VolunteersInd |
| Paid Staff Or Management | false | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | false | DirectContactLegislatorsInd |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | Yes (true) | OtherActivitiesInd |
| Other Activities | $363,928 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $363,928 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE C, PART II-B, LINE 1 | FormAndLineReferenceDesc |
| Explanation | FLORIDA INSTITUTE OF TECHNOLOGY CONTRACTED WITH OUTSIDE VENDORS TO SPEAK DIRECTLY TO LEGISLATORS ON ITS BEHALF. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $107,867,599 | BeginningYearBalanceAmt |
| Contributions | $4,085,745 | ContributionsAmt |
| Investment Earnings Or Losses | -$14,008,702 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$3,590,657 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$4,463,542 | OtherExpendituresAmt |
| Administrative Expenses | -$448,406 | AdministrativeExpensesAmt |
| End Year Balance | $89,442,037 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $81,763,706 | BeginningYearBalanceAmt |
| Contributions | $2,068,809 | ContributionsAmt |
| Investment Earnings Or Losses | $31,021,858 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$1,441,209 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$5,034,180 | OtherExpendituresAmt |
| Administrative Expenses | -$511,385 | AdministrativeExpensesAmt |
| End Year Balance | $107,867,599 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $86,645,075 | BeginningYearBalanceAmt |
| Contributions | $1,033,655 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,335,108 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$947,072 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$2,239,414 | OtherExpendituresAmt |
| Administrative Expenses | -$393,430 | AdministrativeExpensesAmt |
| End Year Balance | $81,763,706 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $79,818,146 | BeginningYearBalanceAmt |
| Contributions | $4,450,460 | ContributionsAmt |
| Investment Earnings Or Losses | $6,116,499 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$1,026,795 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$2,327,359 | OtherExpendituresAmt |
| Administrative Expenses | -$385,876 | AdministrativeExpensesAmt |
| End Year Balance | $86,645,075 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $70,778,448 | BeginningYearBalanceAmt |
| Contributions | $4,470,015 | ContributionsAmt |
| Investment Earnings Or Losses | $7,959,659 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$973,942 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$2,057,906 | OtherExpendituresAmt |
| Administrative Expenses | -$358,128 | AdministrativeExpensesAmt |
| End Year Balance | $79,818,146 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.12300 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.87700 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,245,413 | OtherCostOrOtherBasisAmt |
| Book Value | $8,245,413 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $200,550,560 | OtherCostOrOtherBasisAmt |
| Depreciation | $56,676,900 | DepreciationAmt |
| Book Value | $143,873,660 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $51,711,492 | OtherCostOrOtherBasisAmt |
| Depreciation | $21,844,659 | DepreciationAmt |
| Book Value | $29,866,833 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $46,457,936 | OtherCostOrOtherBasisAmt |
| Depreciation | $25,783,433 | DepreciationAmt |
| Book Value | $20,674,503 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,419,201 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,244,657 | DepreciationAmt |
| Book Value | $8,174,544 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $210,834,953 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (10 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| EQUITY MUTUAL FUNDS | $30,706,781 | F |
| COMMON STOCKS | $29,821,479 | F |
| SHORT TERM INVESTMENTS | $29,512,409 | F |
| CORPORATE BONDS | $8,788,352 | F |
| DEBT MUTUAL FUNDS | $7,000,481 | F |
| MORTGAGE/ASSET BACKED SECURITIES | $4,640,079 | F |
| US GOVERNMENT NOTES AND BONDS | $4,105,507 | F |
| ALTERNATIVE INVESTMENTS | $2,746,613 | F |
| MUNICIPAL BONDS | $2,437,645 | F |
| SURPLUS NOTES | $830,212 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $120,589,558 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| CAPITAL LEASE OBLIGATIONS | $12,025,637 |
| REFUNDABLE GOVERNMENT LOANS | $2,648,587 |
| ANNUITIES PAYABLE | $1,788,388 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $16,462,612 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 1, PART III, LINE 1A | THE UNIVERSITY HAS ELECTED TO EXCLUDE THE VALUE OF THE COLLECTIONS FROM THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION, AND THE VALUE OF DONATIONS OF COLLECTIONS FROM REVENUE IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES. |
| SCHEDULE D, PAGE 2, PART III, LINE 4 | TIME PERIOD CLOTHING, PIECES OF HAND WOVEN TEXTILES, ORIGINAL COLLAGE ARTWORK, POETRY COLLECTION, DISPLAYS OF INTERNATIONAL ART WORK USED TO FURTHER THE UNDERSTANDING OF CULTURAL AND CREATIVE ACHIEVEMENTS. |
| SCHEDULE D, PAGE 2, PART V, LINE 4 | ENDOWMENT SPENDING POLICY - AN ANNUAL ALLOCATION TO THE OPERATING FUND IS CALCULATED AS A PERCENTAGE OF THE ENDOWMENT MARKET VALUE. THE POLICY IS TO TRANSFER 5% OF THE MARKET VALUE DURING THE SUBSEQUENT FISCAL YEAR BY USING A MOVING AVERAGE, COMPUTED ON THE LAST THREE CALENDAR YEARS OF ENDOWMENT MARKET VALUES. |
| SCHEDULE D, PAGE 3, PART X | THE UNIVERSITY IS A TAX-EXEMPT INSTITUTION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY IS CLASSIFIED AS AN ORGANIZATION WHEREBY CONTRIBUTIONS TO IT QUALIFY FOR DEDUCTIONS AS CHARITABLE CONTRIBUTIONS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. NO ASSESSMENTS ARE OUTSTANDING, AND THE UNIVERSITY'S MANAGEMENT BELIEVES THAT THE UNIVERSITY HAS OPERATED IN ACCORDANCE WITH ITS TAX-EXEMPT STATUS. HOWEVER, THE UNIVERSITY DOES ENGAGE IN ACTIVITIES THAT MAY GIVE RISE TO UNRELATED BUSINESS INCOME TAX. AS SUCH, THE UNIVERSITY FILES AN UNRELATED BUSINESS INCOME TAX RETURN THAT INCLUDES FIT AVIATION, LLC AND OTHER ACTIVITIES SUBJECT TO UNRELATED BUSINESS INCOME TAX. DEFERRED INCOME TAXES ARE PROVIDED ON A METHOD WHEREBY DEFERRED TAX ASSETS ARE RECOGNIZED FOR TEMPORARY DIFFERENCES, WHICH ARE THE DIFFERENCES BETWEEN THE REPORTED AMOUNT OF ASSETS AND LIABILITIES AND THEIR TAX BASIS AND ARISE PREDOMINANTLY FROM NET OPERATING LOSSES AND THE ALLOWANCE FOR DOUBTFUL ACCOUNTS RECEIVABLE. DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE WHEN, IN THE OPINION OF MANAGEMENT, IT IS MORE LIKELY THAN NOT THAT SOME PORTION OR ALL OF THE DEFERRED TAX ASSETS WILL NOT BE REALIZED. MEASUREMENT OF DEFERRED INCOME TAX IS BASED ON ENACTED TAX RATES AND LAWS THAT WILL BE IN EFFECT WHEN THE DIFFERENCES ARE EXPECTED TO REVERSE. THE UNIVERSITY ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION ("FASB ASC") 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING AND DISCLOSURE REQUIREMENTS FOR UNCERTAINTY IN TAX POSITIONS. IT REQUIRES A TWO-STEP APPROACH TO EVALUATE TAX POSITIONS AND DETERMINE IF THEY SHOULD BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE TWO-STEP APPROACH INVOLVES RECOGNIZING ANY TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO OCCUR AND THEN MEASURING THOSE POSITIONS TO DETERMINE IF THEY ARE RECOGNIZABLE IN THE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT REGULARLY REVIEWS AND ANALYZES ALL TAX POSITIONS AND HAS DETERMINED THAT NO UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION HAVE OCCURRED. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE UNIVERSITY BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2019. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, LINE 3 | ALL ADVERTISEMENTS FOR FLORIDA INSTITUTE OF TECHNOLOGY INCLUDE THE NECESSARY INFORMATION REGARDING THE UNIVERSITY'S NON-DISCRIMINATION POLICY. |
| SCHEDULE E, LINE 6 | THE UNIVERSITY PARTICIPATES IN NUMEROUS FEDERAL AND STATE PROGRAMS AS LISTED BELOW: FEDERAL PROGRAMS: NATIONAL AERONAUTICS AND SPACE ADMINISTRATION U.S. DEPARTMENT OF AGRICULTURE U.S. DEPARTMENT OF COMMERCE U.S. DEPARTMENT OF DEFENSE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES U.S. DEPARTMENT OF JUSTICE U.S. DEPARTMENT OF TRANSPORTATION U.S. DEPARTMENT OF THE INTERIOR U.S. INTELLIGENCE COMMUNITY NATIONAL SCIENCE FOUNDATION UNITED NATIONS, COMPREHENSIVE NUCLEAR-TEST BAN TREATY ORGANIZATION U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT U.S. ARMY U.S. SPECIAL OPERATIONS COMMAND U.S. SMALL BUSINESS ADMINISTRATION U.S. DEPARTMENT OF ENERGY OTHER FEDERAL PROGRAMS CORPORATION FOR PUBLIC BROADCASTING U.S. DEPARTMENT OF VETERAN AFFAIRS U.S. DEPARTMENT OF EDUCATION STATE PROGRAMS: FLORIDA DEPARTMENT OF EMERGENCY MANAGEMENT INDIAN RIVER NATIONAL ESTUARY PROGRAM FLORIDA OFFICE OF INSURANCE REGULATION FLORIDA DEPARTMENT OF EDUCATION FLORIDA DEPARTMENT OF TRANSPORTATION FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION FLORIDA DEPARTMENT OF HEALTH SEBASTION INLET TAX DISTRICT OTHER STATE STUDENT FINANCIAL ASSISTANCE FLORIDA STUDENT FINANCIAL ASSISTANCE |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (8 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EAST ASIA AND THE PACIFIC | 1 | 3 | PROGRAM SERVICE | PROFESSIONAL SERVICE | $94,876 |
| EUROPE | 8 | PROGRAM SERVICE | PROFESSIONAL SERVICE | $71,701 | |
| MIDDLE EAST AND NORTH AFRICA | 5 | PROGRAM SERVICE | STUDENT RECRUITMENT | $76,560 | |
| NORTHERN EUROPE | 1 | PROGRAM SERVICE | PROFESSIONAL SERVICE | $7,000 | |
| SOUTH AMERICA | 4 | PROGRAM SERVICE | TRAVEL | $51,460 | |
| SOUTH ASIA | 3 | PROGRAM SERVICE | STUDENT RECRUITMENT | $98,500 | |
| SUB-SAHARAN AFRICA | 1 | PROGRAM SERVICE | STUDENT RECRUITMENT | $4,500 | |
| NORTH AMERICA | 9 | PROGRAM SERVICE | VARIOUS | $396,537 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 34 | SubtotalEmployeesCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 34 | TotalEmployeeCnt |
| Subtotal Spent | $801,134 | SubtotalSpentAmt |
| Total Spent | $801,134 | TotalSpentAmt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE F, PAGE 1, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | EAST ASIA AND THE PACIFIC 94,876 0 EUROPE 71,701 0 MIDDLE EAST AND NORTH AFRICA 76,560 0 NORTHERN EUROPE 7,000 0 SOUTH AMERICA 51,460 0 SOUTH ASIA 98,500 0 SUB-SAHARAN AFRICA 4,500 0 NORTH AMERICA 396,537 0 | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | WINE, WOMEN, AN | Event1Nm |
| Gross Receipts Event1 | $234,455 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $234,455 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $115,000 | OtherDirectExpensesEvent1Amt |
| Event2 | EVENING OF HOPE | Event2Nm |
| Gross Receipts Event2 | $56,100 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $56,100 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $19,561 | RentFacilityCostsEvent2Amt |
| Other Direct Expenses Event2 | $17,524 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $290,555 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $290,555 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $19,561 | RentFcltyCostsTotalEventsAmt |
| Oth Direct Expnss Total Events | $132,524 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $152,085 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $138,470 | NetIncomeSummaryAmt |
Gaming Information GamingInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteer Labor Bingo | false | VolunteerLaborBingoInd |
| Volunteer Labor Pull Tabs | false | VolunteerLaborPullTabsInd |
| Gross Revenue Other Gaming | $177,500 | GrossRevenueOtherGamingAmt |
| Cash Prizes Other Gaming | $74,000 | CashPrizesOtherGamingAmt |
| Oth Direct Expnss Other Gaming | $12,466 | OthDirectExpnssOtherGamingAmt |
| Volunteer Labor Other Gaming | false | VolunteerLaborOtherGamingInd |
| Gross Revenue Total Gaming | $177,500 | GrossRevenueTotalGamingAmt |
| Cash Prizes Total Gaming | $74,000 | CashPrizesTotalGamingAmt |
| Oth Direct Expnss Total Gaming | $12,466 | OthDirectExpnssTotalGamingAmt |
| Direct Expense Summary Gaming | $86,466 | DirectExpenseSummaryGamingAmt |
| Net Gaming Income Summary | $91,034 | NetGamingIncomeSummaryAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Licensed | false | LicensedInd |
| Explanation If No | SEC. 849.0935 FLORIDA STATUTES (1996 SUPP) AUTHORIZES TAX-EXEMPT | ExplanationIfNoTxt |
| License Suspended Etc | false | LicenseSuspendedEtcInd |
| Gaming With Nonmembers | false | GamingWithNonmembersInd |
| Member Of Other Entity | false | MemberOfOtherEntityInd |
| Individual With Books | GARY GRANT | IndividualWithBooksNm |
Persons With Books US Address PersonsWithBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 W UNIVERSITY BLVD | AddressLine1Txt |
| City | MELBOURNE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct With3rd Prty For Game Rev | false | CntrctWith3rdPrtyForGameRevInd |
| Gaming Manager Person | GARY GRANT | GamingManagerPersonNm |
| Gaming Manager Services Prov | TRACK/TABULATE RESULTS | GamingManagerServicesProvTxt |
| Gaming Manager Is Employee | Yes (X) | GamingManagerIsEmployeeInd |
| Charitable Distribution Rqr | false | CharitableDistributionRqrInd |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| T DWAYNE MCCAY | ||||||
| PRESIDENT/ CEO | $613,083 | $92,700 | $54,000 | $26,000 | $25,654 | $811,437 |
| MARCO CARVALHO | ||||||
| EVP/ PROVOST | $342,935 | $40,200 | $26,000 | $23,369 | $432,504 | |
| GARY GRANT | ||||||
| SVP | $261,666 | $10,200 | $6,000 | $18,760 | $28,725 | $325,351 |
| ALBINO CAMPANINI | ||||||
| SVP | $250,082 | $10,200 | $20,258 | $20,214 | $300,754 | |
| MICHAEL GRIEVES | ||||||
| FORMER INTERIM CFO | $261,915 | $200 | $12,981 | $13,782 | $288,878 | |
| STEVEN SHAW | ||||||
| VISITING PROFESSOR | $227,294 | $200 | $17,860 | $22,080 | $267,434 | |
| HECTOR GUTIERREZ | ||||||
| PROFESSOR | $184,589 | $15,200 | $9,218 | $32,356 | $241,363 | |
| RICHARD ARONSON | ||||||
| PROFESSOR | $197,093 | $200 | $10,002 | $32,292 | $239,587 | |
| BRIAN EHRLICH | ||||||
| VP | $181,151 | $10,200 | $9,506 | $32,631 | $233,488 | |
| DANIEL KIRK | ||||||
| PROFESSOR | $180,831 | $10,200 | $19,500 | $11,278 | $221,809 | |
| LISA STEELMAN | ||||||
| DEAN | $185,060 | $200 | $15,274 | $17,354 | $217,888 | |
| THEODORE RICHARDSON | ||||||
| DEAN | $185,671 | $200 | $28,938 | $214,809 | ||
| MING ZHANG | ||||||
| PROFESSOR | $183,354 | $200 | $17,505 | $11,713 | $212,772 | |
| MICHAEL JONES | ||||||
| SVP - JULY 1 | $169,052 | $10,200 | $9,574 | $17,914 | $206,740 | |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PAGE 1, PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | -FIRST CLASS TRAVEL MAY OCCUR BASED UPON THE LENGTH OF TRAVEL TIME. -THE PRESIDENT'S SPOUSE MAY, ON OCCASSION, ACCOMPANY THE PRESIDENT ON BUSINESS TRIPS ON BEHALF OF THE UNIVERSITY. -THE PRESIDENT OF THE UNIVERSITY RECEIVES A HOUSING ALLOWANCE OF 54,000 PER YEAR. THIS AMOUNT IS INCLUDED IN HIS SALARY AS REPORTED ON FORM 990, PART VII. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HIGHER EDUCATIONAL FACILITIES AUTH | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 900058227 | BondIssuerEIN |
| CUSIP | 34073TNC7 | CUSIPNum |
| Bond Issued | 2019-10-30 | BondIssuedDt |
| Issue Price | $110,862,161 | IssuePriceAmt |
| Purpose | SEE SUPPLEMENTAL HIGHER EDUCATIONAL FACILITIES AUTH. PART I, LINE A, COLUMN (F): ACQUIRE 100% INTERE | PurposeDesc |
| Defeased | false | DefeasedInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Pool Financing | false | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $2,435,914 | RetiredAmt |
| Total Proceeds | $110,862,161 | TotalProceedsAmt |
| In Reserve Fund | $6,718,341 | InReserveFundAmt |
| Issuance Costs From Proceeds | $929,749 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $77,500,000 | CapitalExpendituresAmt |
| Other Spent Proceeds | $25,714,074 | OtherSpentProceedsAmt |
| Refunding Tax Exempt Bonds | Yes (true) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | false | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (true) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (true) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | Yes (true) | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | false | MgmtContractBondFincdPropInd |
| Any Research Agreements | Yes (true) | AnyResearchAgreementsInd |
| Engage Bond Counsel Research | Yes (true) | EngageBondCounselResearchInd |
| Private Bus Use By Others | 0.00700 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00100 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00800 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | false | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | false | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (true) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiledInd |
| Rebate Not Due Yet | false | RebateNotDueYetInd |
| Exception To Rebate | false | ExceptionToRebateInd |
| No Rebate Due | false | NoRebateDueInd |
| Variable Rate Issue | false | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | false | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | false | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (true) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (true) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PURPOSE OF ISSUE DESCRIPTION | FormAndLineReferenceDesc |
| Explanation | HIGHER EDUCATIONAL FACILITIES AUTH. SEE SUPPLEMENTAL HIGHER EDUCATIONAL FACILITIES AUTH. PART I, LINE A, COLUMN (F): ACQUIRE 100% INTEREST IN TUFF FLORIDA TECH, LLC, FINANCE NEW CAPITAL EXPENDITURES AND REFUND BONDS ISSUED ON 02/01/2013. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 11 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,190,374 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV - PUBLICLY TRADED | MethodOfDeterminingRevenuesTxt |
Real Estate Other RealEstateOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $75,550 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV - SALE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | false | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | FLORIDA INSTITUTE OF TECHNOLOGY'S MISSION IS TO PROVIDE HIGH-QUALITY EDUCATION TO A CULTURALLY DIVERSE STUDENT BODY IN ORDER TO PREPARE STUDENTS FOR ENTERING THE GLOBAL WORKFORCE, SEEKING HIGHER-EDUCATION OPPORTUNITIES, AND SERVING WITHIN THEIR COMMUNITIES. THE UNIVERSITY ALSO SEEKS TO EXPAND KNOWLEDGE THROUGH BASIC AND APPLIED RESEARCH AND TO SERVE THE DIVERSE ECONOMIC, CULTURAL, AND SOCIETAL NEEDS OF OUR LOCAL, STATE, NATIONAL AND INTERNATIONAL CONSTITUENCIES. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 IS REVIEWED INTERNALLY BY THE CONTROLLER AND THE EXECUTIVE VICE PRESIDENT & CFO. A COPY OF THE 990 IS SENT TO ALL BOARD OF TRUSTEE MEMBERS FOR REVIEW. DURING THE AUDIT COMMITTEE MEETING THE 990 IS REVIEWED AND APPROVED FOR FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | FLORIDA INSTITUTE OF TECHNOLOGY HAS IN PLACE A "CONFLICT OF INTEREST POLICY." THE POLICY REQUIRES EACH EMPLOYEE AND BOARD OF TRUSTEE MEMBER TO DISCLOSE ALL ACTIVITIES THAT ADVERSELY INFLUENCE THE INDIVIDUALS JUDGEMENT WITH RESPECT TO PROMOTING THE BEST INTEREST OF THE UNIVERSITY, ANY ACTIVITIES THAT INFLUENCE THEIR PERFORMANCE, AND ANY ACTIVITIES THAT FINANCIALLY BENEFIT THE INDIVIDUAL AS A RESULT OF THEIR EMPLOYMENT/ AFFILIATION WITH THE UNIVERSITY. EACH YEAR A "CONFLICT OF INTEREST" QUESTIONNAIRE IS DISTRIBUTED TO EMPLOYEES AND BOARD OF TRUSTEE MEMBERS. AN ANNUAL REPORT IS MAINTAINED DISCLOSING ANY CONFLICTS. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE UNIVERSITY'S BOARD OF TRUSTEES COMPLETES A PROCESS THAT REQUIRES A REVIEW OF THE EXECUTIVE'S COMPENSATION, DETERMINATIONS BY THE DISINTERESTED PERSONS, USE OF APPROPRIATE COMPARABILITY DATA AND CONTEMPORANEOUS DOCUMENTATION OF THE PROCESS. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE UNIVERSITY'S BOARD OF TRUSTEES COMPLETES A PROCESS THAT REQUIRES A REVIEW OF THE OFFICER'S COMPENSATION, DETERMINATIONS BY THE DISINTERESTED PERSONS, USE OF APPROPRIATE COMPARABILITY DATA AND CONTEMPORANEOUS DOCUMENTATION OF THE PROCESS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE UNIVERSITY MAKES AVAILABLE FORM 990 TO THE PUBLIC FOR INSPECTION THROUGH THE GUIDESTAR WEBSITE - WWW.GUIDESTAR.ORG. THE FORM 990 AND 990-T ARE ALSO PROVIDED UPON REQUEST. THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, WHISTLEBLOWER POLICY, AND OTHER DOCUMENTS CAN BE FOUND AT WWW.FIT.EDU/HR/POLICIES. |
| FORM 990, PART XI, LINE 9 | RELATED PARTY TRANSACTIONS 875,708 |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FIT AVIATION LLC | BusinessNameLine1Txt |
| Business Name Line2 | FIT AVIATION LLC | BusinessNameLine2Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 HARRY GOODE WAY | AddressLine1Txt |
| City | MELBOURNE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 593746142 | EIN |
| Primary Activities | FLIGHT INS | PrimaryActivitiesTxt |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Total Income | $676,805 | TotalIncomeAmt |
| End Of Year Assets | $5,714,510 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FIT MUSEUM OF ART INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 W UNIVERSITY BLVD | AddressLine1Txt |
| City | MELBOURNE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 591804524 | EIN |
| Primary Activities | MUSEUM | PrimaryActivitiesTxt |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Exempt Code Section | 501 | ExemptCodeSectionTxt |
| Public Charity Status | 10 | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (true) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| FIT MUSEUM OF ART INC | ||
| D | $75,275 | COST |
| FIT MUSEUM OF ART INC | ||
| S | $2,649,295 | COST |