2013-05-21T15:35:19-05:00 2012-06-30 204193611 Batts Morrison Wales & Lee PA 801 North Orange Avenue Suite 800 Orlando FL 32801 990 2011-07-01 650683159 University of Fort Lauderdale Inc UNIV 9544867728 4069 NW 16th Street Lauderhill FL 33313 Brian Hankerson 9544867728 2013-05-21 1 Michele M Wales P00428093 4077706000 2013-05-07 2011 2016-03-07 17:11:31Z Henry Fernandez 4069 NW 16th Street Lauderhill FL 33313 1168151 0 X www.uftl.edu X 1996 FL To be a premier Christian institution of higher learning empowering future leaders. 7 6 28 15 0 0 317549 778336 177713 371963 0 0 760 17852 496022 1168151 0 10166 0 0 315101 844775 0 0 0 146538 334055 461639 1188996 34383 -20845 164621 217430 15078 88732 149543 128698 X To be a premier Christian institution of higher learning empowering future leaders through higher educational degrees rooted in Biblical principles and academic excellence, to influence the world intellectually, technologically, and through research. 0 0 971619 10166 389815 The Organization provides quality education for an ethnically and culturally diverse student population by equipping them with the capability to become productive citizens, who continuously contribute to a global and rapidly changing society. Students receive an education rooted in Biblical principles and directed toward excellence in Christian ministry, leadership, business, and academia. Through academic excellence, the Organization maintains an innovative Christian learning environment that encourages and prepares its graduates to assume leadership roles in the community, the state, the nation and the world. The Organization's belief is that excellence in education will bring about superior leaders and these achievers are essential to reach and restore the world for Jesus Christ. The Organization offers various undergraduate, graduate and doctorate degrees in business administration and religious studies. 971619 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 28 1 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Brian Hankerson 9544867728 4069 NW 16th Street Lauderhill FL 33313 Myles Munroe 5.00 X 0 0 0 Patricia Morgan 5.00 X 0 0 0 Willie Gary 5.00 X 0 0 0 Sharon Morris 5.00 X 0 0 0 Margaret Bates 5.00 X 0 0 0 Henry B Fernandez 15.00 X X 60000 0 0 Ilona Holmes 5.00 X X 0 0 0 Brian Hankerson 20.00 X 36000 0 0 96000 0 0 0 0 0 0 0 4075 774261 778336 Tuition & fees 611710 371963 371963 371963 0 4075 0 0 Miscellaneous Income 900099 17852 17852 17852 1168151 389815 0 0 10166 10166 94827 23707 71120 671927 611198 60729 78021 64757 13264 900 900 17521 669 16852 59930 59930 73860 49041 24819 12253 9573 2680 14197 11687 2510 5534 4435 1099 23402 18192 5210 639 485 154 15081 11979 3102 44889 35469 9420 Bad Debt 35076 35076 Dues & subscriptions 17071 13957 3114 Repairs & maintenance 9405 7511 1894 Miscellaneous 4297 2887 1410 1188996 971619 217377 0 9452 5147 122679 156226 11562 11900 5000 131563 92406 20928 39157 164621 217430 13050 45780 2028 42952 15078 88732 X 149543 128698 149543 128698 164621 217430 -20845 0 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 51199 16803 34396 45494 40733 4761 34870 34870 0 39157 1168151 1188996 -20845 -20845 1204151 36000 36000 1168151 0 1168151 1224996 36000 36000 1188996 0 1188996 Description of Uncertain Tax Positions Under FIN 48: Part X: The Organization is expempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code. As a result, no income tax provision or liability has been provided in the accompanying financial statements. In June 2006, the FASB issued FASB ASC 740-10, Accounting for Uncertainty in Income Taxes, which prescribed a comprehensive model for how an entity should measure, recognize, present, and disclose in its financial statements uncertain tax positions that the entity has taken or expects to take on a tax return. In the unlikely event an uncertain tax position exists in which the University could incur income taxes, the University would evaluate whether there is a probability that the uncertain tax positions taken would be sustained upon examination by a taxing authority. Reserves for uncertain tax positions would then be recorded if the University determined that it is probable that either a position would not be sustained upon examination or if a payment would have to be made to a taxing authority and the amount was reasonably estimable. As of June 30, 2012, the University does not believe it has any uncertain tax positions that would result in the University having a liability to a taxing authority. The University is subject to federal and state tax examinations for tax years 2010 through 2012. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 The Organization includes a statement of its racially nondiscriminatory policy in its Articles of Incorporation and all catalogues and communications with the public dealing with student admissions, programs and scholarships. The Organization did not publicize its racially nondiscriminatory policy through newspaper or broadcast media during the period of solicitation for students. However, the Organization customarily draws its students from local communities and follows its racially nondiscriminatory policy towards students as evidenced by its current enrollment of racial minority groups in meaningful numbers. The Organization's current enrollment consists of 97 total students of which 91.8% are African American, 5.2% Hispanic, and 3.0% Caucasian. The Organization's student population is ethnically and culturally diverse. Accordingly, the Organization meets an exception to utilizing this publicity method as provided by Rev. Proc. 75-50 section 4.03(2)(c). Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The Organization receives federal Title IV funding as financial aid for its students. Explanation of Racial Nondiscrimination Compliance Schedule E, Part I, Line 7 Although the Organization did not publicize its racially nondiscriminatory policy towards students through newspaper or broadcast media, the Organization meets an exception to utilizing this method as provided by Rev. Proc. 75-50 section 4.03(2)(c). The Organization customarily draws its students from local communities and follows its racially nondiscriminatory policy towards students as evidenced by its current enrollment of racial minority groups in meaningful numbers as described in the response to Schedule E, Line 3. The Organization's ethnically and culturally diverse student population is a meaningful indication of a racially nondiscriminatory policy towards students in the community. Accordingly, the Organization is in compliance with the requirements of Rev. Proc. 75-50 covering racial nondiscrimination. 1 Henry Fernandez Ministries Inc 5555 NW 95th Avenue Sunrise FL 33351 650792752 501(c)3 6000 General Support 1 Schedule I, Part I, line 2: The Organization shares a board member with the grantee organization, as such, there is adequate oversight as to how granted funds are used. Form 990, Part VI, Section B, line 11 The Organization's top management official and top financial official each review the Organization's Form 990 prior to its filing with the IRS. A copy of the final Form 990, in its entirety including Schedule B, is also provided to the Organization's governing body prior to its filing with the IRS. Form 990, Part VI, Section B, line 12c The Organization's conflict of interest policy is distributed to each member of the Organization's governing body, its officers, and its key employees on an annual basis. Each such individual provides an annual disclosure statement indicating that they have received, read, understood and agreed to comply with the policy, and certifying that: (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statement with previously undisclosed conflicts of interest are forwarded to appropriate Organization officials to take appropriate actions as required by the policy. Form 990, Part VI, Section B, line 15 The Organization has adopted an executive compensation setting policy applicable to all disqualified persons, including the Organization's CEO, officers and key employees. Under the policy, independent members of the Board of Directors annually review and approve the compensation levels of all individuals subject to the policy. The deliberations and decisions of the Board are contemporaneously substantiated. The Board utilizes comparability data in its deliberations; updated comparability data is generally obtained every two to three years. Form 990, Part VI, Section C, line 19 The Organization provides, upon request, copies of its articles of incorporation, bylaws, conflict of interest policy and its financial statements. Form 990, Part VI, Section A, Line 1a: The Organization's Board of Directors has delegated authority to act on its behalf to an executive committee consisting of the officers of the Board and one other director of the Board. The Board may designate to such committee the powers and authority of the Board in the management and affairs of the Organization as deemed appropriate by the Board. The primary responsibility of the executive committee is to assure that the Board policies and long-range plans are achieved. Form 990, Part XII, Line 2c: The Oranization's Board of Directors, or a committee thereof, assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year.