Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $247,591

• 1e · Government grants (contributions)

  $236,045

• 1f · All other contributions, gifts and grants

  $21,896,549

• 1g · Noncash contributions included above

  $1,021,451

• 2a · Program service revenue: UNIVERSITY ENDOWMENT MGMT

  total $459,884 · related or exempt $459,884

• 2b · Program service revenue: OSPREY TICKET SALES

  total $98,800 · related or exempt $98,800

• 3 · Investment income

  total $1,191,365 · excluded $1,191,365

• 7a · Gross sales of assets other than inventory

  securities $25,349,974

• 7b · Less cost or other basis and sales expenses

  securities $25,079,202

• 7c · Gain or loss

  securities $270,772

• 7d · Net gain or loss

  total $270,772 · unrelated business $23,186 · excluded $247,586

• 8a · Fundraising events: gross income

  $156,574

• 8a · Fundraising events: contributions included on line 1c

  $247,591

• 8b · Fundraising events: direct expenses

  $182,068

• 8c · Net income from fundraising events

  total -$25,494 · excluded -$25,494

• 11a · Other revenue: CONFERENCES

  total $43,716 · excluded $43,716

• 11b · Other revenue: REBATES

  total $21,613 · excluded $21,613

• 11c · Other revenue: REIMBURSEMENTS

  total $11,185 · excluded $11,185

• 11d · All other revenue

  total $15,167 · excluded $15,167

• 11e · Other revenue, total

  $91,681

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $7,594,864 · program services $7,594,864

• 5 · Compensation of officers, directors and key employees

  total $118,506 · fundraising $118,506

• 7 · Other salaries and wages

  total $2,865,606 · program services $1,755,055 · management and general $9,889 · fundraising $1,100,662

• 8 · Pension plan contributions

  total $368,552 · program services $172,396 · management and general $85,862 · fundraising $110,294

• 9 · Other employee benefits

  total $31,279 · program services $10,313 · management and general $16,710 · fundraising $4,256

• 11a · Fees: management

  total $348,509 · program services $73,467 · fundraising $275,042

• 11c · Fees: accounting

  total $107,302 · management and general $107,302

• 11f · Fees: investment management

  total $839,174 · management and general $839,174

• 11g · Fees: other

  total $37,249 · program services $15,771 · fundraising $21,478

• 12 · Advertising and promotion

  total $446,978 · program services $368,161 · management and general $2,815 · fundraising $76,002

• 13 · Office expenses

  total $1,356,322 · program services $1,212,733 · management and general $37,688 · fundraising $105,901

• 14 · Information technology

  total $403,689 · program services $277,676 · fundraising $126,013

• 17 · Travel

  total $444,960 · program services $430,722 · management and general $1,016 · fundraising $13,222

• 19 · Conferences, conventions and meetings

  total $2,380,207 · program services $1,976,356 · management and general $71,378 · fundraising $332,473

• 20 · Interest

  total $46,435 · program services $46,435

• 23 · Insurance

  total $6,810 · program services $6,810

• 24a · Other expenses: PUBLIC RELATIONS

  total $148,493 · program services $99,780 · management and general $11,213 · fundraising $37,500

• 24b · Other expenses: COMMUNITY ENGAGEMENT

  total $56,568 · management and general $33,250 · fundraising $23,318

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,910 · end of year $31,552

• 2 · Savings and temporary cash investments

  beginning of year $9,422,187 · end of year $22,431,372

• 3 · Pledges and grants receivable

  beginning of year $7,682,355 · end of year $8,838,223

• 7 · Other notes and loans receivable

  beginning of year $969,125 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $38,366 · end of year $60,545

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

  $30,230,000

• 10c · Land, buildings and equipment, net

  beginning of year $30,230,000 · end of year $30,230,000

• 11 · Investments: publicly traded securities

  beginning of year $13,131,195 · end of year $13,421,115

• 12 · Investments: other securities

  beginning of year $158,162,955 · end of year $172,094,453

• 15 · Other assets

  beginning of year $3,280 · end of year $15,443

• 17 · Accounts payable and accrued expenses

  beginning of year $32,160 · end of year $37,800

• 25 · Other liabilities

  beginning of year $215,745 · end of year $940,319

• 29 · Capital stock, trust principal or current funds

  beginning of year $41,170,798 · end of year $53,431,418

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $30,230,000 · end of year $30,230,000

• 31 · Retained earnings, endowment or other funds

  beginning of year $147,998,670 · end of year $162,483,166

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION RELIED ON THE UNIVERSITY OF NORTH FLORIDA, A RELATED ORGANIZATION, TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL. THE UNIVERSITY OF NORTH FLORIDA USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

PART I, LINE 7

DAVID SZYMANSKI, THE FORMER UNF PRESIDENT, AND FORMER OFFICER FOR UNF FOUNDATION WAS COMPENSATED A TOTAL OF $289,994.