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Nonprofiteer
← UNIVERSITY OF MIAMI

Form 990 for tax year 2024

Filed by UNIVERSITY OF MIAMI.

Totals

Total revenue
$7,039,401,641
Total expenses
$6,577,008,832
Contributions and grants received
$1,008,009,925
Grants paid
$791,373,249
Program services expenses (Part IX)
$6,140,549,934
Management and general expenses
$413,967,913
Fundraising expenses
$22,490,985
Program service expenses (Part III)
$6,140,549,934

Program services were 93.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Joseph Echevarria

    CEO University of Miami, CEO UHealth

    Total calculated
    $6,737,344
    From this org
    $5,896,486
    From related orgs
    $0
    Other
    $840,858
    Hours/week
    80

    Schedule J breakdown matched by us

    Base
    $1,911,609
    Bonus
    $1,710,000
    Other
    $2,274,877
    Deferred
    $801,274
    Nontaxable benefits
    $39,584
    Filer's total
    $6,737,344

  • Julio Frenk

    President (thru 6/12/2024)

    Total calculated
    $3,316,600
    From this org
    $3,080,098
    From related orgs
    $0
    Other
    $236,502
    Hours/week
    80

    Schedule J breakdown matched by us

    Base
    $1,319,083
    Bonus
    $317,918
    Other
    $1,443,097
    Deferred
    $34,500
    Nontaxable benefits
    $202,002
    Filer's total
    $3,316,600

  • Marc Buoniconti

    Trustee & Senior Director

    Total calculated
    $347,035
    From this org
    $199,208
    From related orgs
    $125,000
    Other
    $22,827
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $171,445 + $125,000 related
    Bonus
    $0
    Other
    $27,763
    Deferred
    $19,930
    Nontaxable benefits
    $2,897
    Filer's total
    $222,035 + $125,000 related

  • Edward Dauer

    Trustee & Professor of Clinical

    Total calculated
    $169,607
    From this org
    $125,111
    From related orgs
    $0
    Other
    $44,496
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $90,466
    Bonus
    $0
    Other
    $34,645
    Deferred
    $14,189
    Nontaxable benefits
    $30,307
    Filer's total
    $169,607

  • Devang Desai

    Trustee & Lecturer

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Leonard Abess

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Marivel Andreu

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Hilarie Bass

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Fred Berens

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Tracey Berkowitz

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Adam E Carlin

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Wayne E Chaplin

    Trustee & Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Charles E Cobb

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Jaret Davis

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Al Dotson Jr

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Darren Dupriest

    Trustee

    Total calculated
    $0
    Hours/week
    7

  • David L Epstein

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Richard D Fain

    Trustee

    Total calculated
    $0
    Hours/week
    6

  • Phillip Frost

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Phillip T George

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Rose Ellen Greene

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Barbara Hecht Havenick

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Wayne Holman

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Manuel Kadre

    Trustee & Chair

    Total calculated
    $0
    Hours/week
    15

  • Jayne Sylvester Malfitano

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jose R Mas

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Patricia Menendez-Cambo

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Stuart A Miller

    Trustee

    Total calculated
    $0
    Hours/week
    20

  • William L Morrison

    Trustee & Vice Chair

    Total calculated
    $0
    Hours/week
    20

  • Judi Prokop Newman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Aaron S Podhurst

    Trustee

    Total calculated
    $0
    Hours/week
    10

  • Julia Quinn

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Aneesha Raj

    Trustee

    Total calculated
    $0
    Hours/week
    40

  • Alex E Rodriguez

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Steven J Saiontz

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Robert E Sanchez

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Marvin R Shanken

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Laurie S Silvers

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • HT Smith Jr

    Trustee

    Total calculated
    $0
    Hours/week
    6

  • Jacquelyn R Soffer

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • E Roe Stamps IV

    Trustee

    Total calculated
    $0
    Hours/week
    10

  • Kimberly Stone

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Ronald G Stone

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Daniel Sundheim

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Alia Tutor

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Hector Tundidor Jr

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Ana VeigaMilton

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Jonathan Vilma

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Maribel C Wadsworth

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • David R Weaver

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • G Ed Williamson II

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Roy Carrillo Zamora

    Trustee

    Total calculated
    $0
    Hours/week
    30

  • Raymond J Zomerfeld

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Rudy Fernandez

    EVP UM Operations & External Affairs

    Total calculated
    $1,404,802
    From this org
    $1,351,450
    From related orgs
    $0
    Other
    $53,352
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $963,361
    Bonus
    $357,175
    Other
    $30,914
    Deferred
    $34,500
    Nontaxable benefits
    $18,852
    Filer's total
    $1,404,802

  • Willy Prado

    EVP & Provost (Interim)

    Total calculated
    $1,032,755
    From this org
    $979,138
    From related orgs
    $0
    Other
    $53,617
    Hours/week
    70

    Schedule J breakdown matched by us

    Base
    $806,985
    Bonus
    $90,950
    Other
    $81,203
    Deferred
    $34,500
    Nontaxable benefits
    $19,117
    Filer's total
    $1,032,755

  • Frances Davis

    Secretary to the Board

    Total calculated
    $383,601
    From this org
    $315,412
    From related orgs
    $0
    Other
    $68,189
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $255,145
    Bonus
    $41,250
    Other
    $19,017
    Deferred
    $32,347
    Nontaxable benefits
    $35,842
    Filer's total
    $383,601

  • Dipen Parekh

    COO UHealth, Chair Urology,Physician

    Total calculated
    $4,277,083
    From this org
    $3,921,686
    From related orgs
    $0
    Other
    $355,397
    Hours/week
    80

    Schedule J breakdown matched by us

    Base
    $2,647,972
    Bonus
    $1,236,292
    Other
    $37,422
    Deferred
    $317,383
    Nontaxable benefits
    $38,014
    Filer's total
    $4,277,083

  • Mario Cristobal

    Head Coach, Football

    Total calculated
    $8,410,889
    From this org
    $8,344,127
    From related orgs
    $0
    Other
    $66,762
    Hours/week
    80

    Schedule J breakdown matched by us

    Base
    $8,011,725
    Bonus
    $250,000
    Other
    $82,402
    Deferred
    $34,500
    Nontaxable benefits
    $32,262
    Filer's total
    $8,410,889

  • James Larranaga

    Head Coach, Men's Basketball

    Total calculated
    $3,730,127
    From this org
    $3,666,904
    From related orgs
    $0
    Other
    $63,223
    Hours/week
    70

    Schedule J breakdown matched by us

    Base
    $3,539,771
    Bonus
    $0
    Other
    $127,133
    Deferred
    $34,500
    Nontaxable benefits
    $28,723
    Filer's total
    $3,730,127

  • Joseph Lamelas

    Chief Cardiac Surgery & Physician

    Total calculated
    $3,112,218
    From this org
    $3,058,885
    From related orgs
    $0
    Other
    $53,333
    Hours/week
    85

    Schedule J breakdown matched by us

    Base
    $2,945,921
    Bonus
    $0
    Other
    $112,964
    Deferred
    $34,500
    Nontaxable benefits
    $18,833
    Filer's total
    $3,112,218

  • Dan Radakovich

    VP & Director of Athletics

    Total calculated
    $2,836,091
    From this org
    $2,767,690
    From related orgs
    $0
    Other
    $68,401
    Hours/week
    70

    Schedule J breakdown matched by us

    Base
    $2,070,264
    Bonus
    $613,153
    Other
    $84,273
    Deferred
    $34,500
    Nontaxable benefits
    $33,901
    Filer's total
    $2,836,091

  • Michael Wang

    Physician & Professor

    Total calculated
    $2,567,434
    From this org
    $2,424,713
    From related orgs
    $0
    Other
    $142,721
    Hours/week
    75

    Schedule J breakdown matched by us

    Base
    $1,059,823
    Bonus
    $1,089,095
    Other
    $275,795
    Deferred
    $34,500
    Nontaxable benefits
    $108,221
    Filer's total
    $2,567,434

  • Jeffrey Duerk

    EVP Academic Affairs & Provost (FMR)

    Total calculated
    $818,100
    From this org
    $740,794
    From related orgs
    $0
    Other
    $77,306
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $689,877
    Bonus
    $0
    Other
    $50,917
    Deferred
    $34,500
    Nontaxable benefits
    $42,806
    Filer's total
    $818,100

  • Leslie Dellinger Aceituno

    Secretary (FMR)

    Total calculated
    $200,933
    From this org
    $179,745
    From related orgs
    $0
    Other
    $21,188
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $172,349
    Bonus
    $0
    Other
    $7,396
    Deferred
    $0
    Nontaxable benefits
    $21,188
    Filer's total
    $200,933

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a
First Class Travel: First class travel was provided to President Julio Frenk and UHealth COO Dipen Parekh during fiscal year ended May 31, 2025. Travel for Companions: Business-related spousal travel was not provided to any executive during the fiscal year ended May 31, 2025. House and Household Assistance: A house and household assistance is provided to the President Julio Frenk at the convenience of the employer as a condition of employment. Certain amounts were included in taxable income for President Julio Frenk. Tax Gross-Up Payments: Tax Gross-Up Payments were provided to President Julio Frenk, Marc Buoniconti, Leslie Dellinger, Mario Cristobal, James Larranaga, and Dan Radakovich.
Part I, Lines 4a-b
Non-qualified retirement plans: The following executives participated in non-qualified retirement plans: Dipen Parekh and Joseph Echevarria. Amounts were $282,883 and $766,774, respectively. Severance payments: President Julio Frenk received severance of $734,205.
Part I, Line 6
The University of Miami provides certain bonuses and incentive compensation to certain officers, and highly compensated individuals, which are reported on Schedule J, Columns B(ii) and B(iii). Bonus and incentive compensation: Incentive compensation paid to executives is established using a best practice approach, including a robust assessment of peer group, market data with the support of a third-party compensation consultant who is independent from the University and reports directly to the Board of Trustees and/or UHealth Board of Directors as applicable. The incentive opportunities provided to executives are performance-based. At the beginning of each performance cycle (i.e., fiscal year), in addition to net earnings, a detailed set of metrics are established and approved by each respective board's compensation committee. These metrics include: quality, patient safety, access, workplace culture, patient/student experience, etc. For executives whose primary responsibilities include roles at both the University and UHealth separate sets of metrics are established based on those specific accountabilities and separate payouts occur, if metrics are achieved. Other reportable compensation listed on Schedule J, column B(iii), also includes certain miscellaneous benefits (e.g., taxable clothing/athletic gear), life insurance coverage, long-term disability coverage, taxable retirement benefits, etc.
Part I, Line 7
Certain officers received payments for assuming duties outside of their job requirements / description.
Additional Information:
Base compensation for listed executives is established using a best practice approach, including a robust assessment of peer group, market data with the support of a third-party compensation consultant who is independent from the University and reports directly to the Board of Trustees and/or UHealth Board of Directors as applicable. Note: Mario Cristobal received $329,228 in base compensation, eligible for annual increases, the remainder includes other contractual guaranteed base payment(s). James Larranaga received $329,228 in base compensation, eligible for annual increases, the remainder includes other contractual guaranteed based payment(s). Joseph Echevarria receives base compensation for his role as CEO of UHealth and does not receive base compensation for his role as CEO of the University.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 April 2026
IRS schema version
2024v5.5
Source object
202631059349302603

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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