Form 990 for tax year 2022
Filed by FLORIDA CHRISTIAN UNIVERSITY INC.
Totals
- Total revenue
- $771,432
- Total expenses
- $1,125,519
- Contributions and grants received
- $26,225
- Grants paid
- $0
- Program service revenue
- $745,207
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $172,014
- Total liabilities, end of year
- $891,895
- Net assets or fund balances, end of year
- -$719,881
- Program services expenses (Part IX)
- $372,204
- Management and general expenses
- $753,315
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $372,204
Program services were 33.1% 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
$26,225
-
2a · Program service revenue: ENROLLMENT AND TUITION
total $745,207 · related or exempt $745,207
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $170,439 · management and general $170,439
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $89,356 · program services $89,356
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $20,833 · program services $7,165 · management and general $13,668
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $1,849 · management and general $1,849
-
11c · Fees: accounting
total $3,123 · management and general $3,123
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $257,017 · management and general $257,017
-
12 · Advertising and promotion
total $11,277 · management and general $11,277
-
13 · Office expenses
total $8,594 · management and general $8,594
-
14 · Information technology
total $21,341 · program services $21,341
-
15 · Royalties
total $0
-
16 · Occupancy
total $247,614 · management and general $247,614
-
17 · Travel
total $4,830 · program services $4,830
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $137,631 · program services $137,631
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $6,179 · management and general $6,179
-
23 · Insurance
total $32,332 · management and general $32,332
-
24a · Other expenses: TELEPHONE
total $29,410 · program services $29,410
-
24b · Other expenses: Accreditation & Licensing
total $24,500 · program services $24,500
-
24c · Other expenses: Dues & Subscriptions
total $19,443 · program services $19,443
-
24d · Other expenses: BANK CHARGES
total $17,974 · program services $17,974
-
24e · All other expenses
total $21,777 · program services $20,554 · management and general $1,223
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $299,450 · end of year $24,084
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $150,837 · end of year $141,437
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$174,440
-
10b · Land, buildings and equipment: accumulated depreciation
$167,947
-
10c · Land, buildings and equipment, net
beginning of year $9,688 · end of year $6,493
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $26,529 · end of year $80,749
-
22 · Loans and payables to officers and key people
beginning of year $280,720 · end of year $305,720
-
25 · Other liabilities
beginning of year $518,520 · end of year $505,426
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year -$365,794 · end of year -$719,881
Mission and programs · 2022
Mission
To empower people worldwide through practical, accessible, and transformative Higher Education
-
FCU offers Associates to Post-Doctoral degrees in the United States and abroad in the areas of Business, Education, Behavioral Sciences and Theology. Classes are offered in person, synchronously, asynchronously and through a hybrid approach. The Institution also offers continuing education programs and international conferences.
Expenses $372,204 · Grants $26,225 · Revenue $745,207
As filed on the 2022 return.
Listed in Part VII
-
Bruno PortigliattiBRUNO PORTIGLIATTI
President
- Total calculated
- $76,782
- From this org
- $76,782
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Anthony PortigliattiANTHONY PORTIGLIATTI
Director
- Total calculated
- $60,563
- From this org
- $60,563
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Fernanda G PortigliattiFERNANDA G PORTIGLIATTI
Vice President
- Total calculated
- $33,094
- From this org
- $33,094
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Judy Braland
Director
- Total calculated
- $0
- Hours/week
- 40
-
Roberto Rinaldi
Director
- Total calculated
- $0
- Hours/week
- 40
-
Esteban Gecchelin
Director
- Total calculated
- $0
- Hours/week
- 40
-
David George
Director
- Total calculated
- $0
- Hours/week
- 40
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 31 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321519349300022
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