Florida International University Foundation
Florida International University Foundation reported $56.0 million in revenue and $56.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $85.85 went to program services, $4.39 to management and general costs and $9.76 to fundraising. Its largest source of revenue was contributions and grants: 77.2% of the total. The highest compensation it reported for one person was $693,712 (CEO, AS OF 11/2024). 26 people received more than $100,000 in reportable compensation. Revenue rose 25% 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 $57MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 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 $56MOther revenue was negative: −$553K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.4% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 9.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.13 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 77.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $693,712 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.22% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 26 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 109.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 39 of 42 | 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 expenseThe Florida International University foundation accepts charitable donations to support Florida International University in its goal to be a leading urban public research university focused on student learning, innovation, and collaboration. The foundation supports the university's mission by providing funds to support a diverse student population, exceptional faculty, cutting edge research, modern facilities, and collaborative engagement with our local and global communities
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 |
|---|---|---|---|---|
| CEO, AS OF 11/2024 Officer, 40.00 hrs/week | $286,279 | $224,277 | $183,156 | $693,712 |
| EX-OFFICIO/ FIU PROVOST Director/trustee, 1.00 hrs/week | $0 | $527,513 | $72,054 | $599,567 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $345,597 | $28,425 | $374,022 |
| CHIEF CAMPAIGN OFFICER/INTERIM CDO Highest compensated employee, 40.00 hrs/week | $255,646 | $0 | $45,191 | $300,837 |
| EX-OFFICIO, AS OF 9/2023 Director/trustee, 1.00 hrs/week | $0 | $209,698 | $37,985 | $247,683 |
| CAO UNTIL 06/30/2025 Highest compensated employee, 40.00 hrs/week | $214,005 | $0 | $30,291 | $244,296 |
| FORMER OFFICER Former, 1.00 hrs/week | $0 | $187,112 | $48,435 | $235,547 |
| INTERIM AVP, UNTIL 8/2024 Highest compensated employee, 40.00 hrs/week | $108,091 | $59,674 | $31,986 | $199,751 |
26 people received more than $100,000 in reportable compensation from Florida International University Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $394K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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–1b42 · 39 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 11aNo
- Family or business ties among insiders Part VI 2Yes
- 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 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 581
- Volunteers Part I, line 640
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| JPMORGAN CHASE Investment officer & custodian | $627,563 |
| COMPASS GROUP USA INC Catering services | $472,923 |
| EVERTRUE INC Donor engagement platform | $244,154 |
| MENA CATERING INC Catering services | $206,368 |
| AFRODITAS GARDEN CORP Catering/event services | $159,895 |
Individuals listed as contractors are left out. 10 contractors were paid more than $100,000 in all.
Private foundation grants it received
36 private foundations reported grants to Florida International University Foundation totaling $4.6M 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 International University Foundation'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 International University Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Florida International University Foundation spent in FY2025, $85.85 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Georgia Advanced Technology VenturesAtlanta, GA · revenue $56M · programs 99.0% · FY2025
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- The George W Bush FoundationDallas, TX · revenue $56M · programs 66.4% · 2024
- Franklin College of IndianaFranklin, IN · revenue $56M · programs 90.0% · FY2025
- Governor Dummer Academy the Governor's AcademyByfield, MA · revenue $56M · programs 73.6% · FY2025
Questions people ask
How much of Florida International University Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Florida International University Foundation reported that 85.9% of its $56.9 million in expenses went to program services, 4.4% to management and general and 9.8% to fundraising (Form 990, Part IX).
How much does Florida International University Foundation pay its top executive?
The largest total compensation Florida International University Foundation reported for one person in the fiscal year ending June 30, 2025 was $693,712, for the role of CEO, AS OF 11/2024 (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Florida International University Foundation get its money?
Of $56.0 million in revenue in the fiscal year ending June 30, 2025, 77.2% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Florida International University Foundation a registered charity?
The IRS lists EIN 23-7047106 as a 501(c)(3) organization (organization operated for a governmental college or university), 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 202630839349301668 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521269349300112 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441179349300709 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321189349300327 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241159349302004 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121339349301727 · read the filing
All filings for EIN 23-7047106: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.