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← INDEPENDENT COLLEGES AND UNIVERSITIES OF FLORIDA INC

Form 990 for tax year 2023

Filed by INDEPENDENT COLLEGES AND UNIVERSITIES OF FLORIDA INC.

Totals

Total revenue
$1,707,292
Total expenses
$1,606,318
Contributions and grants received
$1,561,680
Grants paid
$0
Program service revenue
$0
Investment income
$64,413
Other revenue
$81,199
Total assets, end of year
$1,190,137
Total liabilities, end of year
$135,189
Net assets or fund balances, end of year
$1,054,948
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $1,561,680

  • 3 · Investment income

    total $64,413 · excluded $64,413

  • 11a · Other revenue: OVERHEAD SHARING FEES

    total $43,474 · excluded $43,474

  • 11b · Other revenue: PRFERED VENDOR PROGRAM

    total $35,725 · excluded $35,725

  • 11c · Other revenue: EVENT SPONSORS

    total $2,000 · excluded $2,000

  • 11e · Other revenue, total

    $81,199

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $682,589

  • 8 · Pension plan contributions

    total $66,693

  • 9 · Other employee benefits

    total $82,146

  • 10 · Payroll taxes

    total $36,754

  • 11b · Fees: legal

    total $54,000

  • 11c · Fees: accounting

    total $11,800

  • 11d · Fees: lobbying

    total $397,660

  • 13 · Office expenses

    total $6,766

  • 14 · Information technology

    total $11,840

  • 17 · Travel

    total $30,125

  • 19 · Conferences, conventions and meetings

    total $10,234

  • 22 · Depreciation, depletion and amortization

    total $13,407

  • 23 · Insurance

    total $22,879

  • 24a · Other expenses: PUBLIC RELATIONS

    total $60,000

  • 24b · Other expenses: CONSULTING/ECONOMIST

    total $41,000

  • 24c · Other expenses: GRASS ROOTS DATA MARKETIN

    total $13,000

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $11,383

  • 24e · All other expenses

    total $54,042

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $124,685 · end of year $198,304

  • 2 · Savings and temporary cash investments

    beginning of year $35,635 · end of year $37,474

  • 4 · Accounts receivable

    beginning of year $3,983

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,913 · end of year $7,646

  • 10a · Land, buildings and equipment: cost or other basis

    $710,370

  • 10b · Land, buildings and equipment: accumulated depreciation

    $276,308

  • 10c · Land, buildings and equipment, net

    beginning of year $413,748 · end of year $434,062

  • 15 · Other assets

    beginning of year $451,945 · end of year $512,651

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,738 · end of year $39,777

  • 19 · Deferred revenue

    end of year $78,326

  • 25 · Other liabilities

    beginning of year $23,197 · end of year $17,086

  • 31 · Retained earnings, endowment or other funds

    beginning of year $953,974 · end of year $1,054,948

Mission and programs · 2023

Mission

ADVANCE THE CAUSE OF INDEPENDENT COLLEGES AND UNIVERSITIES IN THE STATE OF FLORIDA.

  • ADVANCE THE CAUSE OF INDEPENDENT COLLEGES AND UNIVERSITIES IN THE STATE OF FLORIDA.

  • ADVANCE THE CAUSE OF INDEPENDENT COLLEGES AND UNIVERSITIES IN THE STATE OF FLORIDA.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert J Boyd

    PRESIDENT AN

    Total calculated
    $385,333
    From this org
    $351,915
    From related orgs
    $0
    Other
    $33,418
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $351,915
    Bonus
    not reported
    Other
    not reported
    Deferred
    $33,418
    Nontaxable benefits
    not reported
    Filer's total
    $385,333

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, and on a Form 990-PF Part VIII's — 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
29 October 2024
IRS schema version
2023v5.0
Source object
202443039349301759

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