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Nonprofiteer
← UNIVERSITY OF MIAMI

Form 990 for tax year 2023

Filed by UNIVERSITY OF MIAMI.

Totals

Total revenue
$6,488,140,479
Total expenses
$5,986,905,330
Contributions and grants received
$1,020,602,740
Grants paid
$743,540,372
Program services expenses (Part IX)
$5,623,209,445
Management and general expenses
$336,760,939
Fundraising expenses
$26,934,946
Program service expenses (Part III)
$5,623,209,445

Program services were 93.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Julio Frenk

    President

    Total calculated
    $2,073,424
    From this org
    $1,770,057
    From related orgs
    $0
    Other
    $303,367
    Hours/week
    80

    Schedule J breakdown matched by us

    Base
    $1,342,047
    Bonus
    $275,486
    Other
    $152,524
    Deferred
    $33,000
    Nontaxable benefits
    $270,367
    Filer's total
    $2,073,424

  • Marc Buoniconti

    Trustee & Senior Director

    Total calculated
    $338,744
    From this org
    $191,817
    From related orgs
    $125,000
    Other
    $21,927
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $165,070 + $125,000 related
    Bonus
    $0
    Other
    $26,747
    Deferred
    $19,191
    Nontaxable benefits
    $2,736
    Filer's total
    $213,744 + $125,000 related

  • Edward Dauer

    Trustee & Professor of Clinical

    Total calculated
    $160,042
    From this org
    $119,555
    From related orgs
    $0
    Other
    $40,487
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $85,451
    Bonus
    $0
    Other
    $34,104
    Deferred
    $13,468
    Nontaxable benefits
    $27,019
    Filer's total
    $160,042

  • Allan Herbert

    Trustee

    Total calculated
    $98,337
    From this org
    $37,167
    From related orgs
    $0
    Other
    $61,170
    Hours/week
    35

  • Leonard Abess

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Betty G Amos

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Hilarie Bass

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • 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
    3

  • 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 & Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Christopher Chen

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Adriana Cisneros

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Charles E Cobb

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Bridget Erin Craig

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Devang Desai

    Trustee

    Total calculated
    $0
    Hours/week
    10

  • David L Epstein

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Richard D Fain

    Trustee

    Total calculated
    $0
    Hours/week
    7

  • Phillip Frost

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Phillip T George

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Kourtney Gibson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rose Ellen Greene

    Trustee

    Total calculated
    $0
    Hours/week
    20

  • Carlos Guzman

    Trustee

    Total calculated
    $0
    Hours/week
    20

  • Barbara Hecht Havenick

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Marilyn J Holifield

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Manuel Kadre

    Trustee & Chair

    Total calculated
    $0
    Hours/week
    30

  • Carolyn B Lamm

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Jayne Sylvester Malfitano

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jose R Mas

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Patricia Menendez-Cambo

    Trustee

    Total calculated
    $0
    Hours/week
    10

  • Stuart A Miller

    Trustee

    Total calculated
    $0
    Hours/week
    20

  • William L Morrison

    Trustee & Vice Chair

    Total calculated
    $0
    Hours/week
    3

  • Judi Prokop Newman

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Aaron S Podhurst

    Trustee

    Total calculated
    $0
    Hours/week
    7

  • 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
    5

  • Marvin R Shanken

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Laurie S Silvers

    Trustee

    Total calculated
    $0
    Hours/week
    7

  • HT Smith Jr

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • 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

    Total calculated
    $0
    Hours/week
    5

  • Ana VeigaMilton

    Trustee

    Total calculated
    $0
    Hours/week
    7

  • Alice S Vilma

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jonathan Vilma

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • 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
    5

  • G Ed Williamson II

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Jaret Davis

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Al Dotson Jr

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Wayne Holman

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Julia Quinn

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Kimberly Stone

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Daniel Sundheim

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Alia Tutor

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Roy Carrillo Zamora

    Trustee

    Total calculated
    $0
    Hours/week
    30

  • Joseph Echevarria

    CEO University of Miami, CEO UHealth

    Total calculated
    $4,284,984
    From this org
    $4,214,753
    From related orgs
    $0
    Other
    $70,231
    Hours/week
    80

    Schedule J breakdown matched by us

    Base
    $1,602,116
    Bonus
    $1,434,375
    Other
    $1,178,262
    Deferred
    $33,000
    Nontaxable benefits
    $37,231
    Filer's total
    $4,284,984

  • Rudy Fernandez

    EVP UM Operations & External Affairs

    Total calculated
    $1,040,718
    From this org
    $989,113
    From related orgs
    $0
    Other
    $51,605
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $845,534
    Bonus
    $113,165
    Other
    $30,414
    Deferred
    $33,000
    Nontaxable benefits
    $18,605
    Filer's total
    $1,040,718

  • Willy Prado

    EVP & Provost (Interim)

    Total calculated
    $794,435
    From this org
    $747,040
    From related orgs
    $0
    Other
    $47,395
    Hours/week
    70

    Schedule J breakdown matched by us

    Base
    $555,046
    Bonus
    $0
    Other
    $191,994
    Deferred
    $33,000
    Nontaxable benefits
    $14,395
    Filer's total
    $794,435

  • Frances Davis

    Secretary to the Board

    Total calculated
    $325,454
    From this org
    $262,367
    From related orgs
    $0
    Other
    $63,087
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $224,808
    Bonus
    $22,110
    Other
    $15,449
    Deferred
    $27,385
    Nontaxable benefits
    $35,702
    Filer's total
    $325,454

  • Dipen Parekh

    COO UHealth, Chair Urology,Physician

    Total calculated
    $4,053,487
    From this org
    $3,986,219
    From related orgs
    $0
    Other
    $67,268
    Hours/week
    80

    Schedule J breakdown matched by us

    Base
    $2,168,435
    Bonus
    $1,413,288
    Other
    $404,496
    Deferred
    $33,000
    Nontaxable benefits
    $34,268
    Filer's total
    $4,053,487

  • Mario Cristobal

    Head Coach, Football

    Total calculated
    $8,302,883
    From this org
    $8,240,232
    From related orgs
    $0
    Other
    $62,651
    Hours/week
    80

    Schedule J breakdown matched by us

    Base
    $8,011,722
    Bonus
    $150,000
    Other
    $78,510
    Deferred
    $33,000
    Nontaxable benefits
    $29,651
    Filer's total
    $8,302,883

  • James Larranaga

    Head Coach, Men's Basketball

    Total calculated
    $3,623,764
    From this org
    $3,565,230
    From related orgs
    $0
    Other
    $58,534
    Hours/week
    70

    Schedule J breakdown matched by us

    Base
    $3,177,250
    Bonus
    $250,000
    Other
    $137,980
    Deferred
    $33,000
    Nontaxable benefits
    $25,534
    Filer's total
    $3,623,764

  • Joseph Lamelas

    Chief Cardiac Surgery & Physician

    Total calculated
    $3,058,269
    From this org
    $3,007,584
    From related orgs
    $0
    Other
    $50,685
    Hours/week
    85

    Schedule J breakdown matched by us

    Base
    $2,746,920
    Bonus
    $200,000
    Other
    $60,664
    Deferred
    $33,000
    Nontaxable benefits
    $17,685
    Filer's total
    $3,058,269

  • Dan Radakovich

    VP & Director of Athletics

    Total calculated
    $2,447,764
    From this org
    $2,387,258
    From related orgs
    $0
    Other
    $60,506
    Hours/week
    70

    Schedule J breakdown matched by us

    Base
    $1,971,515
    Bonus
    $286,986
    Other
    $128,757
    Deferred
    $33,000
    Nontaxable benefits
    $27,506
    Filer's total
    $2,447,764

  • Lee Kaplan

    Director Sports Medicine & Physician

    Total calculated
    $2,049,832
    From this org
    $1,967,304
    From related orgs
    $0
    Other
    $82,528
    Hours/week
    75

    Schedule J breakdown matched by us

    Base
    $1,607,231
    Bonus
    $101,050
    Other
    $259,023
    Deferred
    $33,000
    Nontaxable benefits
    $49,528
    Filer's total
    $2,049,832

  • Jeffrey Duerk

    EVP Academic Affairs & Provost (FMR)

    Total calculated
    $1,081,050
    From this org
    $1,010,712
    From related orgs
    $0
    Other
    $70,338
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $865,598
    Bonus
    $91,564
    Other
    $53,550
    Deferred
    $33,000
    Nontaxable benefits
    $37,338
    Filer's total
    $1,081,050

  • Jacqueline Travisano

    EVP & COO (FMR)

    Total calculated
    $681,790
    From this org
    $630,264
    From related orgs
    $0
    Other
    $51,526
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $418,499
    Bonus
    $181,396
    Other
    $30,369
    Deferred
    $33,000
    Nontaxable benefits
    $18,526
    Filer's total
    $681,790

  • Leslie Dellinger Aceituno

    Secretary (FMR)

    Total calculated
    $194,111
    From this org
    $173,939
    From related orgs
    $0
    Other
    $20,172
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $169,932
    Bonus
    $0
    Other
    $4,007
    Deferred
    $0
    Nontaxable benefits
    $20,172
    Filer's total
    $194,111

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 — 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 · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 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 · Form 990 of other organizations
  • 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, 2024. Travel for Companions: Business-related spousal travel was not provided to any executive during the fiscal year ended May 31, 2024. 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. Tax Gross-Up Payments: Tax Gross-Up Payments were provided to President Julio Frenk, Jacqueline Travisano, Marc Buoniconti, and Dan Radakovich.
Part I, Line 4b
Non-qualified retirement plans: Non-qualified retirement plans were provided to Dan Radakovich, James Larranaga, Jeffrey Duerk, Joseph Lamelas, Lee Kaplan and Julio Frenk. Amounts were $22,500 for all noted.
Part I, Line 6
The University of Miami provides certain bonuses and incentive compensation to certain officers, and highly compensated individuals, which are reported on Schedule J, Columns B(ii) and B(iii). Bonus and incentive compensation: Incentive compensation paid to executives is established using a best practice approach, including a robust assessment of peer group, market data with the support of a third-party compensation consultant who is independent from the University and reports directly to the Board of Trustees and/or UHealth Board of Directors as applicable. The incentive opportunities provided to executives are performance-based. At the beginning of each performance cycle (i.e., fiscal year), in addition to net earnings, a detailed set of metrics are established and approved by each respective board's compensation committee. These metrics include: quality, patient safety, access, workplace culture, patient/student experience, etc. For executives whose primary responsibilities include roles at both the University and UHealth separate sets of metrics are established based on those specific accountabilities and separate payouts occur, if metrics are achieved. Other reportable compensation listed on Schedule J, column B(iii), also includes certain miscellaneous benefits (e.g., taxable clothing/athletic gear), life insurance coverage, long-term disability coverage, taxable retirement benefits, etc.
Part I, Line 7
Certain officers received sign-on bonuses, and payments for assuming duties outside of their job requirements / description
Additional Information:
Base compensation for listed executives is established using a best practice approach, including a robust assessment of peer group, market data with the support of a third-party compensation consultant who is independent from the University and reports directly to the Board of Trustees and/or UHealth Board of Directors as applicable. Note: Mario Cristobal received $314,697 in base compensation, eligible for annual increases, the remainder includes other contractual guaranteed base payment(s). James Larranaga received $312,803 in base compensation, eligible for annual increases, the remainder includes other contractual guaranteed based payment(s). Dipen Parekh received $364,583 in "other reportable compensation" associated with other roles outside of the Chief Operating Officer role for UHealth. Joseph Echevarria receives base compensation for his role as CEO of UHealth and does not receive base compensation for his role as CEO of the University.

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 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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 April 2025
IRS schema version
2023v6.0
Source object
202511029349300811

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