Florida Memorial University
Florida Memorial University reported $45.5 million in revenue and $47.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $70.26 went to program services, $28.38 to management and general costs and $1.36 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 67.5% of the total. Government grants made up 25.1%. The highest compensation it reported for one person was $248,287 (President). 4 people received more than $100,000 in reportable compensation. Revenue rose 34% 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 $47MFor 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 $46MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 70.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 28.4% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.4% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 31.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 25.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 67.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $248,287 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.53% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 4 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 17.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 19 of 19 | 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 expenseEducation, General/Other: Institutional Support. Infrastructure to support the University and carryout it's primary goal of educating students. (~1156 students).Includes auxiliary expenses, business & fiscal, and presidents office under Depts. 100, 300, & 500 as well. Also includes student aid & discounts (shown contrarevenuein financial statements)
Grants & Other Assistance program: provides some Academic Instructional services that instruct and educate students, provide monitoring and consulting by the professors; it also provides Scholarships to students that would otherwise have no other means to continue their education. The funds also provides for community outreach and services, providing interaction with the students, community and the FMU community as a whole
Student Services Programs: Support services and activities surrounding students. The University has approximately 1156 students
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 |
|---|---|---|---|---|
| President Listed in Part VII, 40.00 hrs/week | $248,287 | $0 | $0 | $248,287 |
| Exe VP/ Provost Listed in Part VII, 40.00 hrs/week | $190,849 | $0 | $0 | $190,849 |
| Exe VP/ CFO Listed in Part VII, 40.00 hrs/week | $171,582 | $0 | $0 | $171,582 |
| VP - Advan Ext Gov Listed in Part VII, 40.00 hrs/week | $137,085 | $0 | $0 | $137,085 |
4 people received more than $100,000 in reportable compensation from Florida Memorial University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.5M (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–1b19 · 19 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 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 5405
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| U S SECURITY Security | $1,745,437 |
| WASTE MANAGEMENT Corporation Waste collection | $214,951 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
11 private foundations reported grants to Florida Memorial University totaling $2.4M 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 Memorial University'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 Memorial University, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Florida Memorial University spent in FY2025, $70.26 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- College of Our Lady of the ElmsChicopee, MA · revenue $46M · programs 75.8% · FY2025
- California State University Northridge FoundationNorthridge, CA · revenue $46M · programs 90.6% · FY2025
- Creation FoundationNew Port Richey, FL · revenue $45M · programs 88.7% · FY2025
- Albuquerque AcademyAlbuquerque, NM · revenue $46M · programs 87.2% · FY2025
- Millbrook SchoolMillbrook, NY · revenue $45M · programs 77.0% · FY2025
Questions people ask
How much of Florida Memorial University's spending goes to programs?
In the fiscal year ending June 30, 2025, Florida Memorial University reported that 70.3% of its $47.2 million in expenses went to program services, 28.4% to management and general and 1.4% to fundraising (Form 990, Part IX).
How much does Florida Memorial University pay its top executive?
The largest total compensation Florida Memorial University reported for one person in the fiscal year ending June 30, 2025 was $248,287, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Florida Memorial University get its money?
Of $45.5 million in revenue in the fiscal year ending June 30, 2025, 31.0% came from contributions and grants (including 25.1% from government grants) and 67.5% from program service revenue (Form 990, Part VIII).
Is Florida Memorial University a registered charity?
The IRS lists EIN 59-0668483 as a 501(c)(3) organization (school), 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 202641359349315824 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501359349308585 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431039349300223 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349319338 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201369349311250 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131389349300623 · read the filing
All filings for EIN 59-0668483: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.