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Florida Gulf Coast Univeristy Financing Corp

Fort Myers, FL · EIN 11-3685135 · 501(c)(3) · Supporting organization (509(a)(3))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Florida Gulf Coast Univeristy Financing Corp reported $20.7 million in revenue and $21.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $98.69 went to program services, $1.31 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 92.1% of the total. The highest compensation it reported for one person was $745,833 (PRES OF UNI/). Revenue rose 7% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $22M

Program services$98.69 $22M
Management & general$1.31 $288K
Fundraising$0.00 $0

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $21M

Contributions & grants (non-government)$92.13 $19M
Investment income$7.87 $1.6M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 1,001 covered charities in this category, from their latest filings.
Measure	FY2025	Median
Program services Part IX 25(B) ÷ 25(A)	98.7%	90.2%
Management & general Part IX 25(C) ÷ 25(A)	1.3%	6.4%
Fundraising Part IX 25(D) ÷ 25(A)	0.0%	1.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.00	$0.02
Contributions & grants share of revenue Part VIII 1h ÷ 12	92.1%	79.9%
Government grants share of revenue Part VIII 1e ÷ 12	0.0%	0.0%
Program service revenue share Part VIII 2g ÷ 12	0.0%	0.0%
Highest reported compensation Part VII-A, columns D–F	$745,833	$325,675
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	3.40%	1.56%
People paid over $100,000 Part VII, line 2	Not reported	3
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	19.4	56.6
Independent voting board members Part VI 1a–1b	6 of 7	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense

$22M expenses · 100.0% of program spending

Contract for the design and construction of student residential housing and related parking. Issues bond debt to finance such construction. Also the payment of various other support fees of the university

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
PRES OF UNI/ Director/trustee, officer, 5.00 hrs/week	$0	$686,997	$58,836	$745,833
EXECUTIVE DI Officer, 40.00 hrs/week	$0	$301,082	$40,258	$341,340
FORMER PRES Former	$0	$233,334	$0	$233,334

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
FY2025 ⓘ	$21M	$22M	98.7%	$35M	$745,833
FY2024 ⓘ	$19M	$24M	98.9%	$37M	$604,524
FY2023 ⓘ	$20M	$19M	98.7%	$41M	$622,589
FY2022 ⓘ	$19M	$15M	99.8%	$40M	$571,951
FY2021 ⓘ	$20M	$14M	99.9%	$36M	$538,780
FY2020 ⓘ	$19M	$18M	99.9%	$30M	$589,388

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b7 · 6 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aYes
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 50

Private foundation grants it received

31 private foundations reported grants to Florida Gulf Coast Univeristy Financing Corp totaling $2.5M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Florida Gulf Coast Univeristy Financing Corp's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Florida Gulf Coast Univeristy Financing Corp, you can publish a response that is linked from this page.

Report a correction Respond as Florida Gulf Coast Univeristy…How this works

Similar-sized charities in this cause

United Way of Dane County
Madison, WI · revenue $21M · programs 82.8% · 2024
Adp Foundation
Roseland, NJ · revenue $21M · programs 98.9% · 2024
Forekids Foundations
Avondale, LA · revenue $21M · programs 97.1% · FY2025
Albuquerque Community Foundation
Albuquerque, NM · revenue $21M · programs 79.3% · 2024
Community Foundation of Greater Johnstown
Johnstown, PA · revenue $21M · programs 92.3% · FY2025

All philanthropy, voluntarism & grantmaking charities · Largest charities in Florida

Questions people ask

How much of Florida Gulf Coast Univeristy Financing Corp's spending goes to programs?

In the fiscal year ending June 30, 2025, Florida Gulf Coast Univeristy Financing Corp reported that 98.7% of its $21.9 million in expenses went to program services, 1.3% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Florida Gulf Coast Univeristy Financing Corp pay its top executive?

The largest total compensation Florida Gulf Coast Univeristy Financing Corp reported for one person in the fiscal year ending June 30, 2025 was $745,833, for the role of PRES OF UNI/ (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Florida Gulf Coast Univeristy Financing Corp get its money?

Of $20.7 million in revenue in the fiscal year ending June 30, 2025, 92.1% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Florida Gulf Coast Univeristy Financing Corp a registered charity?

The IRS lists EIN 11-3685135 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202512709349300906 · read the filing
FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202422579349301802 · read the filing
FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202322709349300147 · read the filing
FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202223439349300732 · read the filing
FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202112749349301511 · read the filing
FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202032689349300933 · read the filing

All filings for EIN 11-3685135: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.