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Nonprofiteer
← FLORIDA INSTITUTE OF TECHNOLOGY INC

Form 990 for tax year 2023

Filed by FLORIDA INSTITUTE OF TECHNOLOGY INC.

Totals

Total revenue
$222,506,045
Total expenses
$205,194,552
Contributions and grants received
$20,716,196
Grants paid
$0
Program service revenue
$188,139,312
Investment income
$9,767,870
Other revenue
$3,882,667
Total assets, end of year
$409,277,325
Total liabilities, end of year
$143,194,222
Net assets or fund balances, end of year
$266,083,103
Program services expenses (Part IX)
$120,310,888
Management and general expenses
$81,837,192
Fundraising expenses
$3,046,472
Program service expenses (Part III)
$120,310,888

Program services were 58.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MARCO CARVALHO

    EXECUTIVE DI

    Total calculated
    $606,404
    From this org
    $581,813
    From related orgs
    $0
    Other
    $24,591
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $403,368
    Bonus
    $110,445
    Other
    $68,000
    Deferred
    $16,500
    Nontaxable benefits
    $8,091
    Filer's total
    $606,404

  • MR ROBERT KING

    INTERIM PRES

    Total calculated
    $373,811
    From this org
    $360,150
    From related orgs
    $0
    Other
    $13,661
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,919
    Bonus
    $75,000
    Other
    $6,231
    Deferred
    $13,630
    Nontaxable benefits
    $31
    Filer's total
    $373,811

  • JOHN HARRIS

    DEAN

    Total calculated
    $363,869
    From this org
    $339,432
    From related orgs
    $0
    Other
    $24,437
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $339,432
    Bonus
    not reported
    Other
    not reported
    Deferred
    $16,500
    Nontaxable benefits
    $7,937
    Filer's total
    $363,869

  • HAMID RASSOUL

    INTERIM PROV

    Total calculated
    $319,809
    From this org
    $299,720
    From related orgs
    $0
    Other
    $20,089
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,159
    Bonus
    $9,561
    Other
    not reported
    Deferred
    $14,376
    Nontaxable benefits
    $5,713
    Filer's total
    $319,809

  • DR JOHN NICKLOW

    PRESIDENT

    Total calculated
    $312,952
    From this org
    $296,848
    From related orgs
    $0
    Other
    $16,104
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,560
    Bonus
    not reported
    Other
    $30,288
    Deferred
    $13,293
    Nontaxable benefits
    $2,811
    Filer's total
    $312,952

  • GARY GRANT

    VP ADVANCEME

    Total calculated
    $303,274
    From this org
    $281,538
    From related orgs
    $0
    Other
    $21,736
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $276,461
    Bonus
    not reported
    Other
    $5,077
    Deferred
    $13,675
    Nontaxable benefits
    $8,061
    Filer's total
    $303,274

  • MUNEVVER SUBASI

    ASSOCIATE PR

    Total calculated
    $245,528
    From this org
    $230,011
    From related orgs
    $0
    Other
    $15,517
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,011
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,425
    Nontaxable benefits
    $8,092
    Filer's total
    $245,528

  • BRIAN LESLIE

    VP OPERATION

    Total calculated
    $242,556
    From this org
    $223,436
    From related orgs
    $0
    Other
    $19,120
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,436
    Bonus
    not reported
    Other
    not reported
    Deferred
    $11,161
    Nontaxable benefits
    $7,959
    Filer's total
    $242,556

  • RICHARD ARONSON

    DEPT. HEAD/P

    Total calculated
    $241,898
    From this org
    $222,777
    From related orgs
    $0
    Other
    $19,121
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,777
    Bonus
    not reported
    Other
    not reported
    Deferred
    $11,063
    Nontaxable benefits
    $8,058
    Filer's total
    $241,898

  • LINXIA GU

    DEPT. HEAD/P

    Total calculated
    $230,563
    From this org
    $218,116
    From related orgs
    $0
    Other
    $12,447
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,287
    Bonus
    $2,829
    Other
    not reported
    Deferred
    $10,751
    Nontaxable benefits
    $1,696
    Filer's total
    $230,563

  • BRIAN EHRLICH

    VP ENROLLMEN

    Total calculated
    $227,178
    From this org
    $202,579
    From related orgs
    $0
    Other
    $24,599
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,579
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,115
    Nontaxable benefits
    $14,484
    Filer's total
    $227,178

  • RYAN PETERSEN

    GENERAL COUN

    Total calculated
    $221,760
    From this org
    $206,216
    From related orgs
    $0
    Other
    $15,544
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,216
    Bonus
    $7,000
    Other
    not reported
    Deferred
    $8,654
    Nontaxable benefits
    $6,890
    Filer's total
    $221,760

  • WES SUMMER

    VP EXTERNAL

    Total calculated
    $205,341
    From this org
    $188,025
    From related orgs
    $0
    Other
    $17,316
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,025
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,274
    Nontaxable benefits
    $8,042
    Filer's total
    $205,341

  • JESSICA VINSON

    VP HUMAN RES

    Total calculated
    $189,285
    From this org
    $178,485
    From related orgs
    $0
    Other
    $10,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,485
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,917
    Nontaxable benefits
    $1,883
    Filer's total
    $189,285

  • DR RAYMOND A ARMSTRONG

    TRUSTEE EMER

    Total calculated
    $0
    Hours/week
    2

  • DR RICHARD N BANEY

    TRUSTEE EMER

    Total calculated
    $0
    Hours/week
    2

  • MR JOESPH CARUSO

    TRUSTEE EMER

    Total calculated
    $0
    Hours/week
    2

  • DR RITA H CHENG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MR DALE A DETTMER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MS KIRSTEN DREGGORS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MS BOBBIE DYER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MS JILL A EANES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MR JOSEPH M FLAMMIO

    TRUSTEE EMER

    Total calculated
    $0
    Hours/week
    2

  • MR WILLIAM J GUYAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MR RICHARD P MCNEIGHT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MR KENDALL T MOORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MR WILLIAM R MUNS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MR ROBERT L PHEBUS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MR WILLIAM C POTTER

    TRUSTEE EMER

    Total calculated
    $0
    Hours/week
    2

  • MR ALAN L PRESTWOOD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MR D TRAVIS PROCTOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MR JAMES E PRUITT

    TRUSTEE EMER

    Total calculated
    $0
    Hours/week
    2

  • MR MICHAEL SCAFATI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MRS ELIZABETH J SWANN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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 · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 1A
-FIRST CLASS TRAVEL MAY OCCUR BASED UPON THE LENGTH OF TRAVEL TIME. -THE PRESIDENT'S SPOUSE MAY, ON OCCASSION, ACCOMPANY THE PRESIDENT ON BUSINESS TRIPS ON BEHALF 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 December 2024
IRS schema version
2023v5.0
Source object
202403519349301445

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

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