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Nonprofiteer
← UNIVERSITY OF FLORIDA INVESTMENT CORPORATION

Form 990 for tax year 2023

Filed by UNIVERSITY OF FLORIDA INVESTMENT CORPORATION.

Totals

Total revenue
$6,274,953
Total expenses
$6,007,923
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$4,921,563
Management and general expenses
$1,086,360
Fundraising expenses
$0
Program service expenses (Part III)
$4,921,563

Program services were 81.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JAMES W HEAVENER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM WALTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FERNANDO DONAYRE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID CHRISTIE

    BOARD MEMBER

    Total calculated
    $359,595
    From this org
    $0
    From related orgs
    $307,168
    Other
    $52,427
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $279,927 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $2,241 related
    Deferred
    $0 + $27,723 related
    Nontaxable benefits
    $0 + $24,704 related
    Filer's total
    $0 + $359,595 related

  • DOUGLAS J FREE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT THORNTON

    BOARD MEMBER

    Total calculated
    $652,987
    From this org
    $0
    From related orgs
    $617,796
    Other
    $35,191
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $488,561 related
    Bonus
    $0 + $79,000 related
    Other
    $0 + $50,235 related
    Deferred
    $0 + $23,100 related
    Nontaxable benefits
    $0 + $12,091 related
    Filer's total
    $0 + $652,987 related

  • REBECCA PATTERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT J COUSIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SABY MITRA

    BOARD MEMBER

    Total calculated
    $603,873
    From this org
    $0
    From related orgs
    $550,828
    Other
    $53,045
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $538,340 related
    Bonus
    $0
    Other
    $0 + $12,488 related
    Deferred
    $0 + $28,572 related
    Nontaxable benefits
    $0 + $24,473 related
    Filer's total
    $0 + $603,873 related

  • SCOTT J FRIEDMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LINDSAY LEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALEX C SMITH

    BOARD MEMBER UNTIL 5/2024

    Total calculated
    $0
    Hours/week
    1

  • TAYLOR JANTZ

    BOARD MEMBER AS OF 4/2024

    Total calculated
    $259,097
    From this org
    $0
    From related orgs
    $239,014
    Other
    $20,083
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $109,834 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $69,180 related
    Deferred
    $0 + $14,974 related
    Nontaxable benefits
    $0 + $5,109 related
    Filer's total
    $0 + $259,097 related

  • WILLIAM S REESER

    CEO/CIO/PRESIDENT

    Total calculated
    $1,857,121
    From this org
    $1,604,952
    From related orgs
    $0
    Other
    $252,169
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $670,406
    Bonus
    $840,250
    Other
    $94,296
    Deferred
    $233,054
    Nontaxable benefits
    $19,115
    Filer's total
    $1,857,121

  • EDWARD A KELLY

    COO/VICE PRESIDENT

    Total calculated
    $612,569
    From this org
    $510,025
    From related orgs
    $0
    Other
    $102,544
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $328,962
    Bonus
    $175,843
    Other
    $5,220
    Deferred
    $79,886
    Nontaxable benefits
    $22,658
    Filer's total
    $612,569

  • BRIAN C MAWDSLEY

    DEPUTY CIO

    Total calculated
    $1,064,506
    From this org
    $881,397
    From related orgs
    $0
    Other
    $183,109
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $426,354
    Bonus
    $453,585
    Other
    $1,458
    Deferred
    $161,533
    Nontaxable benefits
    $21,576
    Filer's total
    $1,064,506

  • WILLIAM C TWIBLE

    INVESTMENT DIRECTOR

    Total calculated
    $549,343
    From this org
    $456,642
    From related orgs
    $0
    Other
    $92,701
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $259,284
    Bonus
    $196,740
    Other
    $618
    Deferred
    $85,288
    Nontaxable benefits
    $7,413
    Filer's total
    $549,343

  • JEFFREY FURST

    INVESTMENT DIRECTOR

    Total calculated
    $561,865
    From this org
    $455,306
    From related orgs
    $0
    Other
    $106,559
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $254,270
    Bonus
    $200,418
    Other
    $618
    Deferred
    $85,288
    Nontaxable benefits
    $21,271
    Filer's total
    $561,865

  • JAMES D HUMPHRIES

    INVESTMENT OPERATIONS DIRE

    Total calculated
    $205,385
    From this org
    $166,740
    From related orgs
    $0
    Other
    $38,645
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $162,664
    Bonus
    $0
    Other
    $4,076
    Deferred
    $17,374
    Nontaxable benefits
    $21,271
    Filer's total
    $205,385

  • BRENNAN BUBP

    SENIOR INVESTMENT ANALYST

    Total calculated
    $291,212
    From this org
    $230,436
    From related orgs
    $0
    Other
    $60,776
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $155,596
    Bonus
    $68,030
    Other
    $6,810
    Deferred
    $39,505
    Nontaxable benefits
    $21,271
    Filer's total
    $291,212

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
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 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
BUSINESS CLASS TRAVEL ON A THREE CLASS FLIGHT OR FIRST CLASS ON A TWO CLASS FLIGHT WILL BE ACCEPTABLE FOR INTERNATIONAL FLIGHTS INVOLVING 8 OR MORE HOURS OF TRAVEL TIME AND WHERE PRODUCTIVITY WILL BE IMPACTED. THE INTENT IS TO PROVIDE LAY FLAT OR NEAR FLAT SEATING IN THESE TYPES OF SITUATIONS.
PART I, LINE 3
A COMPENSATION COMMITTEE OF THE UFICO BOARD OF DIRECTORS MEETS AT LEAST ANNUALLY. THIS COMMITTEE APPROVES SALARIES FOR ALL EMPLOYEES INCLUDING THE CEO. THE COMMITTEE REVIEWS COMPENSATION BASED ON SURVEYS, CONSULTANTS, AND OTHER INFORMATION. THE CEO HAS A WRITTEN EMPLOYMENT CONTRACT. THE CEO'S COMPENSATION IS ALSO APPROVED BY THE PRESIDENT OF THE UNIVERSITY OF FLORIDA AND THE BOARD CHAIR OF THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES.
PART I, LINE 7
THE ORGANIZATION HAS A DEFERRED COMPENSATION BONUS PLAN WHICH COVERS CERTAIN EMPLOYEES. UNDER THIS PLAN, A DEFERRED BONUS IS PAID WHICH INCLUDES A DISCRETIONARY COMPONENT.

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.

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
2023
Filed
4 May 2025
IRS schema version
2023v6.0
Source object
202531269349300703

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

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