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← UNIVERSITY OF SOUTH FLORIDA INSTITUTE OF APPLIED ENGINEERING I

Form 990 for tax year 2024

Filed by UNIVERSITY OF SOUTH FLORIDA INSTITUTE OF APPLIED ENGINEERING I.

Totals

Total revenue
$12,952,649
Total expenses
$11,390,413
Contributions and grants received
$110,539
Grants paid
$0
Program service revenue
$12,759,633
Investment income
$75,432
Other revenue
$7,045
Total assets, end of year
$10,888,270
Total liabilities, end of year
$7,882,850
Net assets or fund balances, end of year
$3,005,420
Program services expenses (Part IX)
$6,054,078
Management and general expenses
$5,336,335
Fundraising expenses
$0
Program service expenses (Part III)
$6,054,078

Program services were 53.2% 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.

  • 1e · Government grants (contributions)

    $110,539

  • 2a · Program service revenue: CONTRACT REVENUE

    total $12,759,633 · related or exempt $12,759,633

  • 3 · Investment income

    total $75,432 · excluded $75,432

  • 11a · Other revenue: REVENUE - MISC

    total $7,045 · related or exempt $7,045

  • 11e · Other revenue, total

    $7,045

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,317,640 · program services $1,084,579 · management and general $2,233,061

  • 9 · Other employee benefits

    total $1,421,814 · program services $556,161 · management and general $865,653

  • 11g · Fees: other

    total $449,165 · program services $67,005 · management and general $382,160

  • 13 · Office expenses

    total $20,823 · program services $10,605 · management and general $10,218

  • 14 · Information technology

    total $373,708 · program services $14,980 · management and general $358,728

  • 16 · Occupancy

    total $571,712 · management and general $571,712

  • 17 · Travel

    total $203,183 · program services $119,712 · management and general $83,471

  • 22 · Depreciation, depletion and amortization

    total $290,254 · management and general $290,254

  • 23 · Insurance

    total $27,454 · management and general $27,454

  • 24a · Other expenses: SUBCONTRACTORS

    total $3,578,720 · program services $3,578,720

  • 24b · Other expenses: RIGHT OF USE ASSETS - L

    total $395,100 · program services $119,620 · management and general $275,480

  • 24c · Other expenses: USF SHARED SERVICES

    total $262,870 · program services $262,870

  • 24d · Other expenses: EQUIPMENT, MATERIALS AN

    total $231,656 · program services $178,326 · management and general $53,330

  • 24e · All other expenses

    total $246,314 · program services $61,500 · management and general $184,814

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,203,125 · end of year $4,879,392

  • 4 · Accounts receivable

    beginning of year $1,089,404 · end of year $2,185,594

  • 9 · Prepaid expenses and deferred charges

    beginning of year $84,331 · end of year $122,851

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

    $1,995,976

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

    $834,934

  • 10c · Land, buildings and equipment, net

    beginning of year $1,451,295 · end of year $1,161,042

  • 15 · Other assets

    beginning of year $2,793,331 · end of year $2,539,391

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,066,615 · end of year $4,992,382

  • 19 · Deferred revenue

    beginning of year $124,843 · end of year $121,878

  • 25 · Other liabilities

    beginning of year $2,986,844 · end of year $2,768,590

  • 27 · Net assets without donor restrictions

    beginning of year $1,443,184 · end of year $3,005,420

Mission and programs · 2024

Mission

THE INSTITUTE OF APPLIED ENGINEERING (IAE) IS A TYPE I SUPPORTING ORGANIZATION OF THE UNIVERSITY OF SOUTH FLORIDA AND IT SERVES THE INTERESTS OF THE AMERICAN WARFIGHTER ACROSS DIVERSE SETTINGS, ENCOMPASSING THE BATTLEFIELD, GARRISON, AND HOME ENVIRONMENTS. FROM ITS INCEPTION, THE IAE WAS STRATEGICALLY FORMULATED TO ADDRESS GAPS WITHIN THE MILITARY, ALIGNING ITS MISSION WITH THE GOAL OF ENHANCING THE WELL-BEING AND CAPABILITIES OF THE NATION'S DEFENSE PERSONNEL.

Activities or mission (Part I)

ADVANCING NATIONAL SECURITY AND SOLVING DUAL-USE INTERDISCIPLINARY PROBLEMS BY LEVERAGING CUTTING EDGE TECHNOLOGY, ENGINEERING, AND SCIENTIFIC EXPERTISE.

  • SUPPORT AND BENEFIT THE UNIVERSITY OF SOUTH FLORIDA INCLUDING THE USF COLLEGE OF ENGINEERNG BY PROVIDING APPLIED ENGINEERING SOLUTIONS TO THE UNITED STATES FEDERAL GOVERNMENT AS WELL AS OTHER STATE, COUNTY, AND MUNICIPAL GOVERNMENTS AND INDUSTRIES.

    Expenses $6,054,078 · Revenue $12,766,678

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KENNETH F MCKENZIE

    DIRECTOR & CHAIR

    Total calculated
    $575,000
    From this org
    $0
    From related orgs
    $575,000
    Other
    $0
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $500,000 related
    Bonus
    $0 + $75,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $575,000 related

  • STEPHEN MITCHELL

    DIRECTOR & VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • RONALD BARTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • MARK CLIFTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • GORDON GILLETTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6

  • MARK HOUSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • SYLVIA THOMAS

    DIRECTOR

    Total calculated
    $370,191
    From this org
    $0
    From related orgs
    $331,001
    Other
    $39,190
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $329,981 related
    Bonus
    $0
    Other
    $0 + $1,020 related
    Deferred
    $0 + $16,961 related
    Nontaxable benefits
    $0 + $22,229 related
    Filer's total
    $0 + $370,191 related

  • DENNIS CRALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • JIM SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • DR DARREN SCHUMACHER

    PRESIDENT/CEO

    Total calculated
    $567,362
    From this org
    $0
    From related orgs
    $525,000
    Other
    $42,362
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $450,000 related
    Bonus
    $0 + $75,000 related
    Other
    $0
    Deferred
    $0 + $19,296 related
    Nontaxable benefits
    $0 + $23,066 related
    Filer's total
    $0 + $567,362 related

  • TAYLOR JOHNSTON

    CHIEF OPERATING OFFICER

    Total calculated
    $202,710
    From this org
    $0
    From related orgs
    $187,135
    Other
    $15,575
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $186,423 related
    Bonus
    $0
    Other
    $0 + $712 related
    Deferred
    $0 + $43 related
    Nontaxable benefits
    $0 + $15,532 related
    Filer's total
    $0 + $202,710 related

  • MICHAEL ANDREWS

    SECRETARY

    Total calculated
    $192,640
    From this org
    $0
    From related orgs
    $159,411
    Other
    $33,229
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $158,911 related
    Bonus
    $0 + $500 related
    Other
    $0
    Deferred
    $0 + $13,190 related
    Nontaxable benefits
    $0 + $20,039 related
    Filer's total
    $0 + $192,640 related

  • SCOTT DALZIEL UNTIL 042025

    CHIEF FINANCIAL OFFICER

    Total calculated
    $191,676
    From this org
    $0
    From related orgs
    $163,246
    Other
    $28,430
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $163,246 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,391 related
    Nontaxable benefits
    $0 + $20,039 related
    Filer's total
    $0 + $191,676 related

  • TONY LATTANZE

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $207,776
    From this org
    $0
    From related orgs
    $188,646
    Other
    $19,130
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $188,646 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,696 related
    Nontaxable benefits
    $0 + $9,434 related
    Filer's total
    $0 + $207,776 related

  • SAMMUEL HERBERT

    ENGINEER

    Total calculated
    $227,277
    From this org
    $0
    From related orgs
    $191,096
    Other
    $36,181
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $191,096 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,648 related
    Nontaxable benefits
    $0 + $21,533 related
    Filer's total
    $0 + $227,277 related

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
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
UNIVERISTY OF SOUTH FLORIDA INSTITUTE OF APPLIED ENGINEERING DOES NOT COMPENSATE ANY OF ITS DIRECTORS, OFFICERS OR OTHER PERSONS LISTED ON THE FORM 990, PART VII. COMPENSATION OF THESE INDIVIDUALS IS PAID BY THE SUPPORTED ORGANIZATION IN ACCORDANCE WITH ITS OWN COMPENSATION POLICIES AND REVIEW PROCEDURES.

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
2024
Filed
13 January 2026
IRS schema version
2024v5.5
Source object
202600219349300110

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