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Nonprofiteer
← UWF BUSINESS ENTERPRISES INC

Form 990 for tax year 2022

Filed by UWF BUSINESS ENTERPRISES INC.

Totals

Total revenue
$1,430,560
Total expenses
$953,917
Contributions and grants received
$0
Grants paid
$3,015
Program service revenue
$1,168,333
Investment income
$5,856
Other revenue
$256,371
Total assets, end of year
$6,445,229
Total liabilities, end of year
$9,773,467
Net assets or fund balances, end of year
-$3,328,238
Program services expenses (Part IX)
$761,935
Management and general expenses
$191,982
Fundraising expenses
$0
Program service expenses (Part III)
$761,935

Program services were 79.9% 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.

  • 2a · Program service revenue: SERVICE & MANAGEMENT A

    total $543,071 · related or exempt $543,071

  • 2b · Program service revenue: FOOD SERVICE COMMISSIO

    total $323,572 · related or exempt $323,572

  • 2c · Program service revenue: BOOKSTORE COMMISSIONS

    total $301,690 · related or exempt $301,690

  • 3 · Investment income

    total $5,856 · excluded $5,856

  • 6a · Gross rents

    real property $353,628

  • 6b · Less rental expenses

    real property $97,453

  • 6c · Rental income or loss

    real property $256,175

  • 6d · Net rental income or loss

    total $256,175 · related or exempt $256,175

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $196 · related or exempt $196

  • 11e · Other revenue, total

    $196

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,015 · program services $3,015

  • 5 · Compensation of officers, directors and key employees

    total $164,891 · management and general $164,891

  • 11c · Fees: accounting

    total $22,195 · management and general $22,195

  • 11g · Fees: other

    total $625,659 · program services $625,659

  • 12 · Advertising and promotion

    total $510 · management and general $510

  • 13 · Office expenses

    total $4,137 · management and general $4,137

  • 14 · Information technology

    total $181 · management and general $181

  • 17 · Travel

    total $44 · management and general $44

  • 22 · Depreciation, depletion and amortization

    total $133,261 · program services $133,261

  • 23 · Insurance

    total $24 · management and general $24

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $885,899 · end of year $212,267

  • 2 · Savings and temporary cash investments

    end of year $685,856

  • 4 · Accounts receivable

    beginning of year $11,690 · end of year $43,472

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,832 · end of year $27,213

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

    $4,495,394

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

    $996,432

  • 10c · Land, buildings and equipment, net

    beginning of year $3,632,223 · end of year $3,498,962

  • 15 · Other assets

    beginning of year $1,377,861 · end of year $1,977,459

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,599 · end of year $8,843

  • 19 · Deferred revenue

    beginning of year $9,697,122 · end of year $9,701,398

  • 25 · Other liabilities

    beginning of year $17,665 · end of year $63,226

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$3,804,881 · end of year -$3,328,238

Mission and programs · 2022

Mission

UWF BUSINESS ENTERPRISES, INC. (BEI) IS A DIRECT SUPPORT ORGANIZATION THAT BUILDS AND MANAGES PUBLIC-PRIVATE PARTNERSHIPS IN ORDER TO CREATE NEW SERVICES AND BUSINESSES TO SUPPORT THE CAMPUS COMMUNITY.THE UNIVERSITY OF WEST FLORIDA'S (UWF) MISSION IS TO PROVIDE STUDENTS WITH ACCESS TO HIGH-QUALITY, RELEVANT AND AFFORDABLE UNDERGRADUATE AND GRADUATE LEARNING EXPERIENCES, AND TO TRANSMIT, APPLY AND DISCOVER KNOWLEDGE THROUGH TEACHING, SCHOLARSHIP, RESEARCH AND PUBLIC SERVICE. BEI ASSISTS IN ACHIEVING THAT MISSION BY ENGAGING COMMUNITY PARTNERSHIPS THAT RESPOND TO MUTUAL CONCERNS AND OPPORTUNITIES AND THAT ADVANCE THE ECONOMY AND QUALITY OF LIFE IN THE REGION.

Activities or mission (Part I)

UWF BUSINESS ENTERPRISES, INC. (BEI) IS A DIRECT SUPPORT ORGANIZATION THAT BUILDS AND MANAGES PUBLIC-PRIVATE PARTNERSHIPS IN ORDER TO CREATE NEW SERVICES AND BUSINESSES TO SUPPORT THE CAMPUS COMMUNITY.

  • FOOD SERVICE CONTRACT - OFFERS A RANGE OF INNOVATIVE, NUTRITIOUS DINING OPTIONS FOR THE CAMPUS COMMUNITY, COMBINING THE VALUE AND RESOURCES OF A GLOBAL FOOD SERVICES NETWORK WITH THE ON-SITE EXPERTISE OF LOCAL MANAGERS.BOOKSTORE CONTRACT - COURSE MATERIALS AND DISTRIBUTION MODEL THAT EMBRACES TECHNOLOGY, AFFORDABILITY, AND EQUITY ALLOWING FOR GREATER RETENTION, RECRUITMENT, STUDENT WELL-BEING AND ACCESSIBILITY. IT LEVELS THE PLAYING FIELD FOR ALL STUDENTS BY PROVIDING ALL REQUIRED COURSE MATERIALS TO STUDENTS FOR ONE EQUAL PRICE TO ALL STUDENTS ON AN OPT-OUT BASIS BILLED TO THEIR STUDENT ACCOUNT. INSTRUCTORS HAVE COMPLETE ACADEMIC FREEDOM TO SELECT WHATEVER MATERIALS ARE BEST FOR STUDENT LEARNING IN THEIR COURSE.THE UNIVERSITY SERVES A STUDENT POPULATION OF ABOUT 13,504.

    Expenses $761,935 · Grants $3,015 · Revenue $1,424,704

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • C RAY JONES

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.1

  • ROBERT SIRES

    VICE CHAIR AS OF APRIL 2023

    Total calculated
    $0
    Hours/week
    0.1

  • BETSY BOWERS

    SECRETARY-TREASURER AS OF APRIL 2023

    Total calculated
    $298,975
    From this org
    $0
    From related orgs
    $267,762
    Other
    $31,213
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,523 related
    Bonus
    $0 + $34,289 related
    Other
    $0 + $1,950 related
    Deferred
    $0 + $21,417 related
    Nontaxable benefits
    $0 + $9,796 related
    Filer's total
    $0 + $298,975 related

  • DR CHULA KING

    TREASURER UNTIL APRIL 2023

    Total calculated
    $241,501
    From this org
    $0
    From related orgs
    $202,990
    Other
    $38,511
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,515 related
    Bonus
    $0
    Other
    $0 + $475 related
    Deferred
    $0 + $18,655 related
    Nontaxable benefits
    $0 + $19,856 related
    Filer's total
    $0 + $241,501 related

  • SUSAN O'CONNOR

    VICE CHAIRPERSON UNTIL APRIL 2023

    Total calculated
    $0
    Hours/week
    0.1

  • JERRY MAYGARDEN

    DIRECTOR UNTIL APRIL 2023

    Total calculated
    $0
    Hours/week
    0.1

  • JUDGE LACEY COLLIER

    DIRECTOR UNTIL APRIL 2023

    Total calculated
    $0
    Hours/week
    0.1

  • DR FRANK RANELLI

    CEO

    Total calculated
    $200,191
    From this org
    $165,208
    From related orgs
    $0
    Other
    $34,983
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,208
    Bonus
    $0
    Other
    $0
    Deferred
    $15,127
    Nontaxable benefits
    $19,856
    Filer's total
    $200,191

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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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

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
2022
Filed
28 February 2024
IRS schema version
2022v5.0
Source object
202400619349300650

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