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Nonprofiteer
← FLORIDA INSTITUTE OF TECHNOLOGY INC

Form 990 for tax year 2024

Filed by FLORIDA INSTITUTE OF TECHNOLOGY INC.

Totals

Total revenue
$237,768,004
Total expenses
$216,516,225
Contributions and grants received
$24,529,230
Grants paid
$0
Program service revenue
$197,326,436
Investment income
$14,004,664
Other revenue
$1,907,674
Total assets, end of year
$431,304,510
Total liabilities, end of year
$143,372,274
Net assets or fund balances, end of year
$287,932,236
Program services expenses (Part IX)
$133,387,066
Management and general expenses
$80,583,930
Fundraising expenses
$2,545,229
Program service expenses (Part III)
$133,387,066

Program services were 61.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DR JOHN NICKLOW

    PRESIDENT

    Total calculated
    $753,237
    From this org
    $730,067
    From related orgs
    $0
    Other
    $23,170
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $562,067
    Bonus
    $105,000
    Other
    $63,000
    Deferred
    $17,250
    Nontaxable benefits
    $5,920
    Filer's total
    $753,237

  • MARCO CARVALHO

    EXECUTIVE DI

    Total calculated
    $411,928
    From this org
    $386,986
    From related orgs
    $0
    Other
    $24,942
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $386,986
    Bonus
    not reported
    Other
    not reported
    Deferred
    $16,994
    Nontaxable benefits
    $7,948
    Filer's total
    $411,928

  • JOHN HARRIS

    DEAN

    Total calculated
    $377,384
    From this org
    $351,584
    From related orgs
    $0
    Other
    $25,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $351,584
    Bonus
    not reported
    Other
    not reported
    Deferred
    $17,250
    Nontaxable benefits
    $8,550
    Filer's total
    $377,384

  • HAMID RASSOUL

    SR. ASSOC. P

    Total calculated
    $346,673
    From this org
    $323,013
    From related orgs
    $0
    Other
    $23,660
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $313,180
    Bonus
    $9,833
    Other
    not reported
    Deferred
    $15,461
    Nontaxable benefits
    $8,199
    Filer's total
    $346,673

  • RATAN JHA

    PROFESSOR

    Total calculated
    $289,355
    From this org
    $270,194
    From related orgs
    $0
    Other
    $19,161
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,194
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,909
    Nontaxable benefits
    $6,252
    Filer's total
    $289,355

  • JOHN KISS

    SVP ACADEMIC

    Total calculated
    $270,681
    From this org
    $254,571
    From related orgs
    $0
    Other
    $16,110
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,571
    Bonus
    not reported
    Other
    $12,000
    Deferred
    $12,045
    Nontaxable benefits
    $4,065
    Filer's total
    $270,681

  • LINXIA GU

    DEPT. HEAD/P

    Total calculated
    $250,545
    From this org
    $236,847
    From related orgs
    $0
    Other
    $13,698
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,713
    Bonus
    not reported
    Other
    $1,134
    Deferred
    $11,772
    Nontaxable benefits
    $1,926
    Filer's total
    $250,545

  • BRIAN EHRLICH

    VP ENROLLMEN

    Total calculated
    $244,962
    From this org
    $224,156
    From related orgs
    $0
    Other
    $20,806
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,570
    Bonus
    not reported
    Other
    $8,586
    Deferred
    $10,756
    Nontaxable benefits
    $10,050
    Filer's total
    $244,962

  • WES SUMMER

    VP EXTERNAL

    Total calculated
    $239,465
    From this org
    $220,160
    From related orgs
    $0
    Other
    $19,305
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,160
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,755
    Nontaxable benefits
    $8,550
    Filer's total
    $239,465

  • CASSIE PERICAK

    VP OF PHILAN

    Total calculated
    $227,699
    From this org
    $215,574
    From related orgs
    $0
    Other
    $12,125
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,574
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,535
    Nontaxable benefits
    $1,590
    Filer's total
    $227,699

  • AMANDA MOSKE

    CHIEF DATA O

    Total calculated
    $192,726
    From this org
    $177,603
    From related orgs
    $0
    Other
    $15,123
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,603
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,871
    Nontaxable benefits
    $6,252
    Filer's total
    $192,726

  • 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

  • MR FRANK DIBELLO

    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

  • MRS KELLE B WENDLING

    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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2024
Filed
27 January 2026
IRS schema version
2024v5.0
Source object
202640729349300009

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

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