Form 990 for tax year 2024
Filed by FLORIDA STATE UNIVERSITY COLLEGE OF BUSINESS STUDENT INVEST.
Totals
- Total revenue
- $1,021,130
- Total expenses
- $15,737
- Contributions and grants received
- $21,309
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $999,821
- Other revenue
- $0
- Total assets, end of year
- $10,729,951
- Total liabilities, end of year
- $8,728,582
- Net assets or fund balances, end of year
- $2,001,369
- Program services expenses (Part IX)
- $5,737
- Management and general expenses
- $10,000
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,737
Program services were 36.5% 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.
-
1f · All other contributions, gifts and grants
$21,309
-
3 · Investment income
total $228,952 · excluded $228,952
-
7a · Gross sales of assets other than inventory
securities $6,189,632
-
7b · Less cost or other basis and sales expenses
securities $5,418,763
-
7c · Gain or loss
securities $770,869
-
7d · Net gain or loss
total $770,869 · related or exempt $770,869
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $10,000 · management and general $10,000
-
11f · Fees: investment management
total $5,737 · program services $5,737
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,009,497 · end of year $622,444
-
13 · Investments: program-related
beginning of year $8,203,346 · end of year $10,107,507
-
25 · Other liabilities
beginning of year $7,528,728 · end of year $8,728,582
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $1,684,115 · end of year $2,001,369
Mission and programs · 2024
Mission
SEE SCHEDULE O
Activities or mission (Part I)
OBTAINS FUNDING THROUGH DONOR GIFTS TO SUPPORT A STUDENT MANAGED INVESTMENT FUND AND OTHER FSU COLLEGE OF BUSINESS PROGRAMS. THE ORGANIZATION SUPPORTS THE FLORIDA STATE UNIVERSITY COLLEGE OF BUSINESS UNDERGRADUATE AND GRADUATE STUDENT EDUCATION THROUGH ACTIVE PARTICIPATION IN FINANCIAL MARKETS. THE ORGANIZATION PERMITS STUDENTS TO MANAGE AN INVESTMENT FUND, UNDER THE GUIDANCE, ASSISTANCE, AND SUPERVISION OF FLORIDA STATE UNIVERSITY FACULTY AND BOARD OVERSIGHT OF THE ORGANIZATION, INCLUDING STOCK SELECTION AND MANAGEMENT OF A REAL PORTFOLIO, THUS GAINING HANDS-ON MANAGEMENT EXPERIENCE. THE ORGANIZATION HELPS STUDENTS TO DEVELOP THEIR INTUITION AND PROVIDE A PRACTICAL APPLICATION FOR INVESTMENT STRATEGY AND DECISIONS. THE ORGANIZATION ASSISTS OTHER FACETS OF THE FLORIDA STATE UNIVERSITY COLLEGE OF BUSINESS MISSION.
-
THE ORGANIZATION PERMITS STUDENTS TO MANAGE AN INVESTMENT FUND, UNDER THE GUIDANCE, ASSISTANCE, AND SUPERVISION OF FLORIDA STATE UNIVERSITY FACULTY AND BOARD OVERSIGHT OF THE ORGANIZATION, INCLUDING STOCK SELECTION AND MANAGEMENT OF A REAL PORTFOLIO, THUS GAINING HANDS-ON MANAGEMENT EXPERIENCE. THE ORGANIZATION HELPS STUDENTS TO DEVELOP THEIR INTUITION AND PROVIDE A PRACTICAL APPLICATION FOR INVESTMENT STRATEGY AND DECISIONS.
Expenses $5,737
As filed on the 2024 return.
Listed in Part VII
-
Michael HartlineMICHAEL HARTLINE
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Steven B PerfectSTEVEN B PERFECT
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
William ChristiansenWILLIAM CHRISTIANSEN
TREASURER/SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Michael WilliamsMICHAEL WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Peter CollinsPETER COLLINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Diahann LassusDIAHANN LASSUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John LuskJOHN LUSK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Peter JonesPETER JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kyle RivaKYLE RIVA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Eric MunozERIC MUNOZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Roy AppleROY APPLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Don AutoreDON AUTORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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.
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.
-
UNIVERSITY · FL
-
FLORIDA STATE UNIVERSITY FOUNDATION
FOUNDATION · FL
Directly controlled by THE FLORIDA STATE UNIVERSITY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 September 2025
- IRS schema version
- 2024v5.2
- Source object
- 202512799349300716
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