Form 990 for tax year 2022

Filed by UNIVERSITY OF MIAMI.

Totals

Total revenue: $5,921,562,389
Total expenses: $5,495,599,586
Contributions and grants received: $935,249,250
Grants paid: $695,411,265
Program service revenue: $4,871,986,919
Investment income: $106,640,412
Other revenue: $7,685,808
Total assets, end of year: $7,027,102,373
Total liabilities, end of year: $2,925,918,685
Net assets or fund balances, end of year: $4,101,183,688
Program services expenses (Part IX): $5,242,253,300
Management and general expenses: $223,878,307
Fundraising expenses: $29,467,979
Program service expenses (Part III): $5,242,253,300

Program services were 95.4% 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.

1a · Federated campaigns

$722,744
1c · Fundraising events

$975,090
1e · Government grants (contributions)

$649,880,504
1f · All other contributions, gifts and grants

$283,670,912
1g · Noncash contributions included above

$12,859,056
2a · Program service revenue: Hospitals and Clinics

total $2,578,568,052 · related or exempt $2,578,568,052
2b · Program service revenue: Tuition and Fees

total $1,049,647,289 · related or exempt $1,049,647,289
2c · Program service revenue: Medical Prof Practice

total $698,232,417 · related or exempt $697,820,151 · unrelated business $412,266
2d · Program service revenue: Auxiliary Enterprises

total $291,388,602 · related or exempt $85,748,638 · unrelated business $8,366,563 · excluded $197,273,401
2e · Program service revenue: Local Grants and Contr

total $112,078,730 · related or exempt $112,078,730
2f · All other program service revenue

total $142,071,829 · related or exempt $141,743,842 · unrelated business $327,987
3 · Investment income

total $98,140,762 · excluded $98,140,762
4 · Income from investment of tax-exempt bond proceeds

total $24,939 · excluded $24,939
5 · Royalties

total $5,136,826 · excluded $5,136,826
6a · Gross rents

real property $6,730,283 · personal property $23,824
6b · Less rental expenses

real property $3,814,893 · personal property $12,222
6c · Rental income or loss

real property $2,915,390 · personal property $11,602
6d · Net rental income or loss

total $2,926,992 · unrelated business $11,602 · excluded $2,915,390
7a · Gross sales of assets other than inventory

securities $1,347,463,842 · other assets $9,281
7b · Less cost or other basis and sales expenses

securities $1,338,995,415 · other assets $2,997
7c · Gain or loss

securities $8,468,427 · other assets $6,284
7d · Net gain or loss

total $8,474,711 · unrelated business -$5,398,980 · excluded $13,873,691
8a · Fundraising events: gross income

$146,346
8a · Fundraising events: contributions included on line 1c

$975,090
8b · Fundraising events: direct expenses

$518,725
8c · Net income from fundraising events

total -$372,379 · excluded -$372,379
9a · Gaming: gross income

$7,963
9b · Gaming: direct expenses

$14,168
9c · Net income from gaming

total -$6,205 · unrelated business -$6,205
10a · Gross sales of inventory

$1,015
10b · Cost of goods sold

$441
10c · Net income from sales of inventory

total $574 · unrelated business $574

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $58,080,705 · program services $58,080,705
2 · Grants to domestic individuals

total $584,986,525 · program services $584,986,525
3 · Grants to foreign organizations and individuals

total $52,344,035 · program services $52,344,035
5 · Compensation of officers, directors and key employees

total $11,708,763 · program services $3,312,941 · management and general $5,644,290 · fundraising $2,751,532
7 · Other salaries and wages

total $2,066,024,132 · program services $1,942,163,353 · management and general $108,040,122 · fundraising $15,820,657
8 · Pension plan contributions

total $109,270,669 · program services $107,092,124 · management and general $1,730,564 · fundraising $447,981
9 · Other employee benefits

total $294,982,053 · program services $278,230,353 · management and general $13,194,653 · fundraising $3,557,047
10 · Payroll taxes

total $138,593,134 · program services $133,177,330 · management and general $4,144,005 · fundraising $1,271,799
11b · Fees: legal

total $7,214,864 · program services $3,302,776 · management and general $3,911,750 · fundraising $338
11c · Fees: accounting

total $11,337,417 · management and general $11,337,417
11d · Fees: lobbying

total $348,978 · management and general $348,978
11e · Fees: professional fundraising services

total $225,752 · fundraising $225,752
11f · Fees: investment management

total $12,708,241 · program services $12,708,241
11g · Fees: other

total $423,046,486 · program services $393,746,935 · management and general $27,109,652 · fundraising $2,189,899
12 · Advertising and promotion

total $37,476,913 · program services $36,413,902 · management and general $646,697 · fundraising $416,314
13 · Office expenses

total $73,455,809 · program services $65,257,076 · management and general $7,497,343 · fundraising $701,390
14 · Information technology

total $42,143,925 · program services $37,862,111 · management and general $4,281,814
16 · Occupancy

total $124,183,829 · program services $118,917,371 · management and general $5,249,511 · fundraising $16,947
17 · Travel

total $43,005,681 · program services $40,595,167 · management and general $1,132,213 · fundraising $1,278,301
19 · Conferences, conventions and meetings

total $23,367,289 · program services $21,132,808 · management and general $2,091,524 · fundraising $142,957
20 · Interest

total $63,171,069 · program services $61,060,810 · management and general $2,110,259
22 · Depreciation, depletion and amortization

total $181,227,576 · program services $174,637,515 · management and general $6,589,173 · fundraising $888
23 · Insurance

total $79,351,958 · program services $60,533,616 · management and general $18,818,342
24a · Other expenses: Medical Supplies

total $877,936,560 · program services $877,897,355 · fundraising $39,205
24b · Other expenses: Miscellaneous

total $179,407,223 · program services $178,800,251 · fundraising $606,972

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $40,596,166 · end of year -$58,417,051
2 · Savings and temporary cash investments

beginning of year $1,278,870,302 · end of year $1,439,481,568
3 · Pledges and grants receivable

beginning of year $240,442,513 · end of year $225,734,465
4 · Accounts receivable

beginning of year $625,448,297 · end of year $670,320,433
7 · Other notes and loans receivable

beginning of year $18,335,907 · end of year $16,981,129
8 · Inventories for sale or use

beginning of year $41,799,437 · end of year $44,727,000
9 · Prepaid expenses and deferred charges

beginning of year $44,575,961 · end of year $54,534,827
10a · Land, buildings and equipment: cost or other basis

$5,061,105,628
10b · Land, buildings and equipment: accumulated depreciation

$2,473,515,593
10c · Land, buildings and equipment, net

beginning of year $2,222,769,657 · end of year $2,587,590,035
11 · Investments: publicly traded securities

beginning of year $795,679,991 · end of year $874,538,542
12 · Investments: other securities

beginning of year $1,019,420,280 · end of year $936,138,712
15 · Other assets

beginning of year $254,652,662 · end of year $235,472,713
17 · Accounts payable and accrued expenses

beginning of year $417,124,666 · end of year $491,437,995
19 · Deferred revenue

beginning of year $144,187,536 · end of year $124,594,063
20 · Tax-exempt bond liabilities

beginning of year $1,684,866,967 · end of year $1,666,400,012
24 · Unsecured notes and loans payable

beginning of year $100,539,308 · end of year $94,835,332
25 · Other liabilities

beginning of year $500,818,778 · end of year $548,651,283
27 · Net assets without donor restrictions

beginning of year $1,980,717,646 · end of year $2,357,451,587
28 · Net assets with donor restrictions

beginning of year $1,754,336,272 · end of year $1,743,732,101

Mission and programs · 2022

Mission

See Form 990, Part I, Line 1, Description of Organization Mission.

Activities or mission (Part I)

The University of Miami's mission is to educate and nurture students, to create knowledge through its comprehensive research programs, and to provide patient care services to our community and beyond.

See Schedule OInstruction, academic support, student services:The University of Miami (UM) is a private not-for-profit institution with more than 19,000 students. The University's 12 colleges and schools offer the following degree options: 141 bachelors, 139 masters, and 67 doctoral (62 research/scholarship and 5 professional practice).The School of Architecture, founded in 1983, offers accredited professional undergraduate and graduate degrees in architecture and several post-professional graduate degrees. Programs include the professional Bachelor of Architecture (B.Arch) and the Master of Architecture (M.Arch); the post-professional Master of Science in Architecture (M.S.Arch) with 6 different tracks; the Master of Urban Design (M.U.D); the Master of Construction Management (M.C.M)/ Executive Master of Construction Management (E.M.C.M), the Master of Professional Science in Urban Sustainability and Resilience (MPS), and the Master of Real Estate Development and Urbanism (M.R.E.D.U.), an interdisciplinary one-year graduate program that draws on the real-life experience of Developers-in-Residence and faculty support from the Schools of Business Administration and Law as well as Architecture. The Master of Science in Data Science combines the teaching domain-specific and technical skills for analyzing large data sets.The College of Arts and Sciences enrolls over 4,400 undergraduate and 640 graduate students in 21 departments and 14 interdisciplinary programs. Seventeen departments offer graduate degrees in the fine arts, natural sciences, humanities, and social sciences.The College of Engineering comprises 5 departments that offer degrees in aerospace, architectural, biomedical, civil, computer, electrical, environmental, industrial, materials, and mechanical engineering. The College of Engineering offers five-year B.S./M.S. degree programs for our undergraduates, as well as traditional master's and doctoral degrees in a number of disciplines, with several specializations in several fields. Consistent with the tradition of collaboration among the University of Miami schools and colleges, engineering students participate in a number of interdisciplinary programs as well as joint research projects with other academic units at UM. Consisting of over 800 undergraduate students and over 250 graduate students, the College boasts an impressively diverse student body, consisting of students from 45 different countries. At the undergraduate level, 32.2% of the student population is Hispanic and 8.9% is Black. Females represent 37% of the students (15% higher than the national average, according to the most recent statistics from the American Society for Engineering Education).The School of Law presently enrolls over 1,300 candidates for either J.D., LL.M. or dual degrees, and has over 22,000 living alumni worldwide. The J.D. program enrolls over 1,100 students from more than 118 undergraduate institutions. Of the entering J.D. students, approximately 56% are women, 55% are students of color, and 51% have been out of undergraduate school one year or more. The students are from 34 states plus DC, PR and 24 countries. 65% speak one or more foreign language. The School offers graduate programs in the areas of International Law, International Arbitration, Maritime Law, Entertainment, Art and Sports, Business, Constitutional Law, Criminal Law, Environment, Family, Health Care, Human Rights, Immigration, Intellectual Property, Litigation Arbitration and Dispute Resolution, Social Justice and Public Interest, Technology Law, Estate Planning, Taxation, Taxation of Cross Border Investments, and Real Property Development, the latter 2 offer courses online as well as on-campus. The School also offers several joint degree programs. The law school offers a J.D./Master's in Music Industry, J.D./M.A. in Live Entertainment Management, J.D/M.A in Communications, and J.D/M.A. in Latin American Studies. In addition, the School offers a J.D./M.B.A., J.D./M.Acc, J.D./M.P.S. in Marine Ecosystems and Society, J.D./M.P.H. in Public Health, J.D./M.S. Ed. in Law, Community and Social Change, J.D./M.D., J.D./M.H.A-Health Administration, J.D./LL.M. in Tax, International Law, Maritime Law, Estate Planning, International Arbitration, or Real Property Development, and Entertainment, Arts and Sports Law, and a J.D./M.B.A./LL.M. in Tax, Real Property Development or Estate Planning. The School has been ranked as one of the "20 Most Innovative Law Schools" by Pre-Law Magazine, and received an "A" in 7 areas of study in 2023. Its alumni are regularly featured in Super Lawyers Magazine. Miami Law was number 8 in numbers of Super Lawyers in 2023.The Leonard M. Miller School of Medicine has grown rapidly in both size and reputation, earning international acclaim for research, clinical care, and biomedical innovations. Approximately 834 medical students are joined by over 1,000 residents and fellows, about 700 graduate students and around 200 postdoctoral fellows, and we have one of the largest graduate medical education systems in the country. Along with the M.D. degree, the school offers a combined M.D./Ph.D. program, a 4-year and 5-year M.D./M.B.A. program, a 4-year and a 5-year M.D./M.P.H. program and 4-year M.D./M.S. in Genomic Medicine, a 6-year M.D./J.D. program, a 4-year M.D./M.A.I.A in International Administration program, a 4-year M.A. in Medical Humanities and Bioethics program, a 4-year M.D./Certificate in Security Management program, multiple scholarly pathways of emphasis, graduate degrees in ten areas, postdoctoral programs, and continuing medical education courses.

Expenses $1,381,245,438 · Grants $599,912,115 · Revenue $1,191,718,718
Withheld by Nonprofiteer: this text may name a private individual.

Expenses $545,467,069 · Grants $58,149,140 · Revenue $112,078,730
See Schedule OHealth Care:Located north of downtown Miami near the Civic Center in the Miami Health District, the Leonard M. Miller School of Medicine's campus consists of approximately 70-acres of owned and leased land within the 153-acre University of Miami/Jackson Memorial Medical Center complex. Each year the University of Miami Health System's nearly 1,800 providers and scientists represent more than 100 specialties and subspecialties with outcomes that are among the best in the nation. The health system is comprised of Sylvester Comprehensive Cancer Center, Bascom Palmer Eye Institute, and UHealth Tower, operating within UMHC. UHealth is ranked among the best hospitals in Florida by U.S. News & World Report Best Hospitals. Sylvester Comprehensive Cancer Center is the only cancer center in South Florida designated by the National Cancer Institute. Bascom Palmer has been recognized as the number one eye hospital in the country for 22 years by U.S. News & World Report in its annual "America's Best Hospitals" issue. In addition to the three University-owned hospitals, there are also three primary hospitals affiliated with UHealth: Jackson Memorial Hospital, the primary teaching hospital for the medical school; Holtz Children's Hospital; and the Bruce W. Carter VA Medical Center. There are also about three dozen UHealth outpatient clinics across Miami-Dade, Broward, Palm Beach, and Collier counties. The Lennar Foundation Medical Center, located in Coral Gables, opened in 2016. The 206,000-square-foot diagnostic and treatment center provides the local community more convenient access to world-class medical care provided by UM physicians and specialists. It has been recognized as a national benchmark by Press Ganey and has been awarded the Pinnacle and Guardian of Excellence Awards each year since it opened.

Expenses $3,092,825,727 · Grants $65,858 · Revenue $3,276,800,468
Expenses primarily represent auxiliary enterprises, including intercollegiate athletics, parking, student housing and student dining. Other program services revenues primarily represent auxiliary enterprises revenue, investment income, and investment losses.

Expenses $222,715,066 · Grants $37,284,152 · Revenue $291,389,003

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

Julio Frenk

President

Total calculated

$1,996,002

From this org

$1,685,829

From related orgs

$0

Other

$310,173

Hours/week

80

Schedule J breakdown matched by us

Base

$1,284,604

Bonus

$261,135

Other

$140,090

Deferred

$30,500

Nontaxable benefits

$279,673

Filer's total

$1,996,002
Marc Buoniconti

Trustee/Senior Director

Total calculated

$332,157

From this org

$187,440

From related orgs

$125,000

Other

$19,717

Hours/week

20 + 20 related

Schedule J breakdown matched by us

Base

$161,295 + $125,000 related

Bonus

$0

Other

$26,145

Deferred

$18,753

Nontaxable benefits

$964

Filer's total

$207,157 + $125,000 related
Edward A Dauer

Trustee / Faculty Member

Total calculated

$153,282

From this org

$115,449

From related orgs

$0

Other

$37,833

Hours/week

40

Schedule J breakdown matched by us

Base

$84,162

Bonus

$0

Other

$31,287

Deferred

$12,995

Nontaxable benefits

$24,838

Filer's total

$153,282
Allan M Herbert

Trustee

Total calculated

$44,535

From this org

$6,000

From related orgs

$0

Other

$38,535

Hours/week

35
Leonard Abess

Trustee

Total calculated

$0

Hours/week

1
Betty G Amos

Trustee

Total calculated

$0

Hours/week

2
Hilarie Bass

Trustee

Total calculated

$0

Hours/week

50
Jon Batchelor

Trustee

Total calculated

$0

Hours/week

1
Fred Berens

Trustee

Total calculated

$0

Hours/week

2
Tracey Berkowitz

Trustee

Total calculated

$0

Hours/week

5
Joseph Bonner

Trustee

Total calculated

$0

Hours/week

5
Alfred R Camner

Trustee

Total calculated

$0

Hours/week

5
Adam E Carlin

Trustee

Total calculated

$0

Hours/week

4
Wayne E Chaplin

Trustee

Total calculated

$0

Hours/week

2
Christopher Chen

Trustee

Total calculated

$0

Hours/week

0
Adriana Cisneros

Trustee

Total calculated

$0

Hours/week

0
Charles E Cobb

Trustee

Total calculated

$0

Hours/week

2
Devang Desai

Trustee

Total calculated

$0

Hours/week

5
Paul J DiMare

Trustee

Total calculated

$0

Hours/week

2 + 1 related
David L Epstein

Trustee

Total calculated

$0

Hours/week

7
Richard D Fain

Trustee

Total calculated

$0

Hours/week

15
Miguel B Fernandez

Trustee

Total calculated

$0

Hours/week

0.5
Phillip Frost

Trustee

Total calculated

$0

Hours/week

2
Phillip T George Rose

Trustee

Total calculated

$0

Hours/week

0
Kourtney Gibson

Trustee

Total calculated

$0

Hours/week

1
Rose Ellen Greene

Trustee

Total calculated

$0

Hours/week

2
Carlos Guzman

Trustee

Total calculated

$0

Hours/week

8
Barbara Hecht Havenick

Trustee

Total calculated

$0

Hours/week

2
Marilyn J Holifield

Trustee

Total calculated

$0

Hours/week

1
Manuel Kadre

Trustee & Vice Chair

Total calculated

$0

Hours/week

5
Carolyn B Lamm

Trustee

Total calculated

$0

Hours/week

5
Jayne Sylvester Malfitano

Trustee

Total calculated

$0

Hours/week

1
Jose R Mas

Trustee

Total calculated

$0

Hours/week

4
Patricia Menendez-Cambo

Trustee

Total calculated

$0

Hours/week

4
Stuart A Miller

Trustee

Total calculated

$0

Hours/week

20
William L Morrison

Trustee

Total calculated

$0

Hours/week

4
Judi Prokop Newman

Trustee

Total calculated

$0

Hours/week

1
Aaron S Podhurst

Trustee

Total calculated

$0

Hours/week

10
Lois Pope

Trustee

Total calculated

$0

Hours/week

1
Alex E Rodriguez

Trustee

Total calculated

$0

Hours/week

1
Steven J Saiontz

Trustee

Total calculated

$0

Hours/week

5
Robert E Sanchez

Trustee

Total calculated

$0

Hours/week

1
Marvin R Shanken

Trustee

Total calculated

$0

Hours/week

2
Laurie S Silvers

Trustee & Chair

Total calculated

$0

Hours/week

20
HT Smith Jr

Trustee

Total calculated

$0

Hours/week

5
Jacquelyn R Soffer

Trustee

Total calculated

$0

Hours/week

0
E Roe Stamps IV

Trustee

Total calculated

$0

Hours/week

2
Ronald G Stone

Trustee

Total calculated

$0

Hours/week

5
Johnny C Taylor Jr

Trustee & Vice Chair

Total calculated

$0

Hours/week

5
Ana VeigaMilton

Trustee

Total calculated

$0

Hours/week

5
Alice S Vilma

Trustee

Total calculated

$0

Hours/week

2
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

2
Geisha Jimenez Williams

Trustee

Total calculated

$0

Hours/week

1
Raymond J Zomerfeld

Trustee

Total calculated

$0

Hours/week

3
G Ed Williamson II

Trustee

Total calculated

$0

Hours/week

3
Joseph Echevarria

CEO

Total calculated

$1,835,649

From this org

$1,779,669

From related orgs

$0

Other

$55,980

Hours/week

80

Schedule J breakdown matched by us

Base

$1,242,132

Bonus

$510,000

Other

$27,537

Deferred

$30,500

Nontaxable benefits

$25,480

Filer's total

$1,835,649
Jacqueline A Travisano

Executive VP & COO

Total calculated

$1,105,865

From this org

$1,046,855

From related orgs

$0

Other

$59,010

Hours/week

60

Schedule J breakdown matched by us

Base

$838,007

Bonus

$168,714

Other

$40,134

Deferred

$30,500

Nontaxable benefits

$28,510

Filer's total

$1,105,865
Rudy Fernandez

EVP of Ops & Ext. Affairs

Total calculated

$850,033

From this org

$802,310

From related orgs

$0

Other

$47,723

Hours/week

80

Schedule J breakdown matched by us

Base

$693,002

Bonus

$75,012

Other

$34,296

Deferred

$30,500

Nontaxable benefits

$17,223

Filer's total

$850,033
Frances Davis

Secretary to the Board/AVP of Strategic Communicat

Total calculated

$284,546

From this org

$229,322

From related orgs

$0

Other

$55,224

Hours/week

80

Schedule J breakdown matched by us

Base

$194,006

Bonus

$21,000

Other

$14,316

Deferred

$23,929

Nontaxable benefits

$31,295

Filer's total

$284,546
Dipen J Parekh

COO of UHealth & Professor

Total calculated

$3,441,968

From this org

$3,379,451

From related orgs

$0

Other

$62,517

Hours/week

80

Schedule J breakdown matched by us

Base

$1,184,803

Bonus

$1,174,339

Other

$1,020,309

Deferred

$30,500

Nontaxable benefits

$32,017

Filer's total

$3,441,968
Mario Cristobal

Head Coach, Football

Total calculated

$22,714,382

From this org

$22,674,180

From related orgs

$0

Other

$40,202

Hours/week

80

Schedule J breakdown matched by us

Base

$7,742,857

Bonus

$0

Other

$14,931,323

Deferred

$15,250

Nontaxable benefits

$24,952

Filer's total

$22,714,382
Joseph Lamelas

Director & Professor

Total calculated

$3,054,763

From this org

$3,007,585

From related orgs

$0

Other

$47,178

Hours/week

80

Schedule J breakdown matched by us

Base

$2,951,921

Bonus

$0

Other

$55,664

Deferred

$30,500

Nontaxable benefits

$16,678

Filer's total

$3,054,763
James J Larranaga

Head Coach, Basketball

Total calculated

$2,904,041

From this org

$2,850,185

From related orgs

$0

Other

$53,856

Hours/week

80

Schedule J breakdown matched by us

Base

$2,613,832

Bonus

$100,000

Other

$136,353

Deferred

$30,500

Nontaxable benefits

$23,356

Filer's total

$2,904,041
Dan Radakovich

VP/Director of Athletics

Total calculated

$2,478,881

From this org

$2,451,972

From related orgs

$0

Other

$26,909

Hours/week

80

Schedule J breakdown matched by us

Base

$1,963,812

Bonus

$0

Other

$488,160

Deferred

$0

Nontaxable benefits

$26,909

Filer's total

$2,478,881
Joshua Gattis

Athletic Coach

Total calculated

$2,223,155

From this org

$2,204,800

From related orgs

$0

Other

$18,355

Hours/week

80

Schedule J breakdown matched by us

Base

$1,487,463

Bonus

$0

Other

$717,337

Deferred

$0

Nontaxable benefits

$18,355

Filer's total

$2,223,155
Jeffrey Duerk

Executive VP & Provost (Frmr)

Total calculated

$1,008,092

From this org

$947,898

From related orgs

$0

Other

$60,194

Hours/week

60

Schedule J breakdown matched by us

Base

$821,047

Bonus

$55,313

Other

$71,538

Deferred

$30,500

Nontaxable benefits

$29,694

Filer's total

$1,008,092
Leslie Dellinger Aceituno

Secretary (Former)

Total calculated

$212,290

From this org

$165,994

From related orgs

$0

Other

$46,296

Hours/week

60

Schedule J breakdown matched by us

Base

$164,375

Bonus

$0

Other

$1,619

Deferred

$23,049

Nontaxable benefits

$23,247

Filer's total

$212,290

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

1a · First-class or charter travel
1a · Travel for companions
1a · Tax indemnification and gross-up payments
1a · Housing allowance or residence for personal use
1a · Health or social club dues or initiation fees
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 · Written employment contract
3 · Compensation survey or study
3 · Approval by the board or compensation committee
4b · Supplemental nonqualified retirement plan
6a · Pay contingent on this organization's net earnings
7 · Other non-fixed payments

Answered no

4a · Severance or change-of-control payment
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 during fiscal year ended May 31, 2023. Travel for Companions: Business-related spousal travel was provided to Dan Radakovich. 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. Non-Taxable Social Club Dues: Social club dues were provided for Jacqueline Travisano, Jeffrey Duerk, and Julio Frenk. The amounts were not included in taxable income. Taxable Social Club Dues: Social club dues were provided for James Larranaga and Rudy Fernandez. Tax Gross-Up Payments: Tax Gross-Up Payments were provided to President Julio Frenk, Jacqueline Travisano, Jeffrey Duerk, Rudy Fernandez, Marc Buoniconti, Dan Radakovich, Joshua Gattis, and Mario Cristobal.
Part I, Line 4b: Non-qualified retirement plans: Non-qualified retirement plans were provided to Dan Radakovich, James Larranaga, Jeffrey Duerk, Joseph Lamelas, and Julio Frenk. Amounts were $20,500 for all noted.
Part I, Line 6: Hospital & Clinic may provide incentives to certain officers, and highly compensated individuals. Incentive payment are based on productivity / efficiency measures, as well as certain financial targets.
Part I, Line 7: Certain officers received sign-on bonuses, and payments for assuming duties outside of their job requirements / description

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 HENRY M JACKSON FOUNDATION FOR THE ADVANCEMENT OF MILITARY MEDICINE I

$5,073,205

RESEARCH
THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK INC

$3,633,909

RESEARCH
EMORY UNIVERSITY

$3,485,919

RESEARCH
UNIVERSITY OF FLORIDA BOARD OF TRUSTEES

$3,170,360

RESEARCH
SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION

$2,757,135

RESEARCH
THE MOREHOUSE SCHOOL OF MEDICINE INC

$2,172,945

RESEARCH
THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA

$1,773,293

RESEARCH
CASE WESTERN RESERVE UNIVERSITY

$1,773,256

RESEARCH
NOVA SOUTHEASTERN UNIVERSITY INC

$1,411,920

RESEARCH
FLORIDA INTERNATIONAL UNIVERSITY BOARD OF TRUSTEES

$1,307,641

RESEARCH

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.

WVUM Inc

501(C)(3) · Edu Radio · FL · controlled entity
University Rathskeller Inc

501(C)(3) · Student Food & Beverage · FL · controlled entity
Ophthalmology Research Foundation Inc

501(C)(3) · Fundraising · FL · controlled entity
The Buoniconti Fund to Cure Paralysis

501(C)(3) · Fundraising · FL
Florida Lions Eye Bank Inc

501(C)(3) · Fundraising/Donation · FL
Cane Angel Network Inc

501(C)(3) · Research innovation & Educ · FL · controlled entity

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Biscayne View Properties LLC

Real Estate · FL

Directly controlled by University of Miami
Crestre LLC

Real Estate · FL · assets $533,128

Directly controlled by Biscayne View Properties LLC
1509 Venture LLC

Real Estate · FL · assets $1,792,595

Directly controlled by Biscayne View Properties LLC
East Urban LLC

Real Estate · FL · assets $940,639

Directly controlled by Biscayne View Properties LLC
Triprop LLC

Real Estate · FL · assets $4,292,671

Directly controlled by Biscayne View Properties LLC
7th Avenue Market LLC

Real Estate · FL · income $1,294,266 · assets $3,000,781

Directly controlled by Biscayne View Properties LLC
Equi Terra LLC

Real Estate · FL

Directly controlled by University of Miami
Ten Bor LLC

Real Estate · FL

Directly controlled by Equi Terra LLC
PT Property Holding LLC

Real Estate · FL

Directly controlled by Equi Terra LLC
University of Miami Preservation LLC

Hold UM Designated Easement · FL

Directly controlled by University of Miami
1925 Ventures LLC

Real Estate · FL · income $6,000

Directly controlled by University of Miami

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Crut (3)

Charitable Remainder Unitrust · FL
Perpetual (11)

Perpetual Trust · FL
Remainder (3)

Remainder Trust · FL

Provenance

Return type: form_990
Tax year: 2022
Filed: 10 April 2024
IRS schema version: 2022v5.0
Source object: 202421029349300932

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

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