Florida Institute of Technology
Florida Institute of Technology reported $237.8 million in revenue and $216.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $61.61 went to program services, $37.22 to management and general costs and $1.17 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 83.0% of the total. Government grants made up 8.3%. The highest compensation it reported for one person was $753,237 (PRESIDENT). 217 people received more than $100,000 in reportable compensation. Revenue rose 23% 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 $217MFor 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 $238MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 61.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 37.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.10 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 10.3% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 8.3% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 83.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $753,237 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.35% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 217 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 16.0 | 13.3 |
| Independent voting board members Part VI 1a–1b | 16 of 17 | 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 expenseInstruction and academic support the university instructed 3,677 undergraduate, 958 graduate and 466 doctorate students on campus and off campus sites. In addition, there were 4,762 online students in undergraduate, graduate and doctoral programs. The university offers undergraduate and graduate programs in the following fields of study: aeronautics and aviation, business and management, psychology and behavior analysis, arts and communication, engineering, science and mathematics, computing, premed
Student services, auxillary 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 15 intercollegiate sports. From greek life to the college players theatrical organization, students are actively involved in the life of the campus community
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 Officer, 40.00 hrs/week | $730,067 | $0 | $23,170 | $753,237 |
| EXECUTIVE DI Highest compensated employee, 40.00 hrs/week | $386,986 | $0 | $24,942 | $411,928 |
| DEAN Highest compensated employee, 40.00 hrs/week | $351,584 | $0 | $25,800 | $377,384 |
| SR. ASSOC. P Highest compensated employee, 40.00 hrs/week | $323,013 | $0 | $23,660 | $346,673 |
| PROFESSOR Highest compensated employee, 40.00 hrs/week | $270,194 | $0 | $19,161 | $289,355 |
| SVP ACADEMIC Key employee, 40.00 hrs/week | $254,571 | $0 | $16,110 | $270,681 |
| DEPT. HEAD/P Highest compensated employee, 40.00 hrs/week | $236,847 | $0 | $13,698 | $250,545 |
| VP ENROLLMEN Key employee, 40.00 hrs/week | $224,156 | $0 | $20,806 | $244,962 |
217 people received more than $100,000 in reportable compensation from Florida Institute of Technology (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.8M (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–1b17 · 16 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 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 52,975
- Volunteers Part I, line 634
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| ABA TECHNOLOGIES INC Online ed. | $11,374,671 |
| US FOOD INC Food services | $3,080,472 |
| NATIONAL MANAGEMENT RESOURCES CORP Janitorial | $2,958,762 |
| BISK EDUCATION INC Online ed. | $2,739,398 |
| MH WILLIAMS CONSTRUCTION GROUP INC Construction | $1,943,703 |
Individuals listed as contractors are left out. 109 contractors were paid more than $100,000 in all.
Private foundation grants it received
37 private foundations reported grants to Florida Institute of Technology totaling $1.3M 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 Institute of Technology'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 Institute of Technology, you can publish a response that is linked from this page.
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Of every $100 Florida Institute of Technology spent in FY2025, $61.61 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Lewis UniversityRomeoville, IL · revenue $237M · programs 84.4% · FY2025
- A T Still University of Health SciencesKirksville, MO · revenue $239M · programs 86.4% · FY2025
- Foundation for California Community CollegesSacramento, CA · revenue $237M · programs 86.3% · FY2025
- Phillips Exeter AcademyExeter, NH · revenue $240M · programs 86.3% · FY2025
- Gallaudet UniversityWashington, DC · revenue $237M · programs 73.5% · FY2025
Questions people ask
How much of Florida Institute of Technology's spending goes to programs?
In the fiscal year ending June 30, 2025, Florida Institute of Technology reported that 61.6% of its $216.5 million in expenses went to program services, 37.2% to management and general and 1.2% to fundraising (Form 990, Part IX).
How much does Florida Institute of Technology pay its top executive?
The largest total compensation Florida Institute of Technology reported for one person in the fiscal year ending June 30, 2025 was $753,237, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Florida Institute of Technology get its money?
Of $237.8 million in revenue in the fiscal year ending June 30, 2025, 10.3% came from contributions and grants (including 8.3% from government grants) and 83.0% from program service revenue (Form 990, Part VIII).
Is Florida Institute of Technology a registered charity?
The IRS lists EIN 59-6046500 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 202640729349300009 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202403519349301445 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023 (amended), object 202441649349301424 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331229349301138 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231329349302048 · read the filing
- FY2020: Form 990 for the fiscal year ending April 30, 2020, object 202013539349301406 · read the filing
All filings for EIN 59-6046500: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.