Form 990 for tax year 2022
Filed by FLORIDA POLYTECHNIC UNIVERSITY FOUNDATION INC.
Totals
- Total revenue
- $6,503,828
- Total expenses
- $1,403,994
- Contributions and grants received
- $6,518,205
- Grants paid
- $281,683
- Program service revenue
- $0
- Investment income
- -$12,654
- Other revenue
- -$1,723
- Total assets, end of year
- $13,652,470
- Total liabilities, end of year
- $2,289,258
- Net assets or fund balances, end of year
- $11,363,212
- Program services expenses (Part IX)
- $629,981
- Management and general expenses
- $748,074
- Fundraising expenses
- $25,939
- Program service expenses (Part III)
- $629,981
Program services were 44.9% 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.
-
1c · Fundraising events
$12,975
-
1d · Related organizations
$276,800
-
1f · All other contributions, gifts and grants
$6,228,430
-
3 · Investment income
total $210,580 · excluded $210,580
-
7a · Gross sales of assets other than inventory
securities $662,657
-
7b · Less cost or other basis and sales expenses
securities $885,891
-
7c · Gain or loss
securities -$223,234
-
7d · Net gain or loss
total -$223,234 · excluded -$223,234
-
8a · Fundraising events: gross income
$3,400
-
8a · Fundraising events: contributions included on line 1c
$12,975
-
8b · Fundraising events: direct expenses
$5,123
-
8c · Net income from fundraising events
total -$1,723 · excluded -$1,723
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $281,683 · program services $281,683
-
11c · Fees: accounting
total $25,500 · management and general $25,500
-
11f · Fees: investment management
total $9,532 · management and general $9,532
-
11g · Fees: other
total $258,410 · program services $225,000 · management and general $33,410
-
12 · Advertising and promotion
total $1,275 · fundraising $1,275
-
13 · Office expenses
total $10,909 · management and general $1,389 · fundraising $9,520
-
17 · Travel
total $858 · management and general $858
-
19 · Conferences, conventions and meetings
total $3,766 · program services $3,766
-
23 · Insurance
total $929 · management and general $929
-
24a · Other expenses: ALLOCATED OVERHEAD
total $276,800 · management and general $276,800
-
24b · Other expenses: ADVOCATES
total $202,305 · management and general $202,305
-
24c · Other expenses: LEADERSHIP SUPPORT
total $188,506 · management and general $188,506
-
24d · Other expenses: ACADEMIC PROGRAM EXPENS
total $113,511 · program services $113,511
-
24e · All other expenses
total $30,010 · program services $6,021 · management and general $8,845 · fundraising $15,144
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $564,769 · end of year $820,034
-
2 · Savings and temporary cash investments
beginning of year $62,918 · end of year $70,345
-
3 · Pledges and grants receivable
beginning of year $2,403,485 · end of year $5,562,569
-
11 · Investments: publicly traded securities
beginning of year $6,095,922 · end of year $7,199,522
-
17 · Accounts payable and accrued expenses
beginning of year $2,782,144 · end of year $752
-
25 · Other liabilities
beginning of year $0 · end of year $2,288,506
-
27 · Net assets without donor restrictions
beginning of year $806,855 · end of year $1,478,819
-
28 · Net assets with donor restrictions
beginning of year $5,538,095 · end of year $9,884,393
Mission and programs · 2022
Mission
ESTABLISHED TO HELP SUSTAIN THE MISSION OF FLORIDA POLYTECHNIC UNIVERSITY TO EDUCATE STUDENTS EMPHASIZING SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) IN AN INNOVATIVE, TECHNOLOGY-RICH, AND INTERDISCIPLINARY LEARNING ENVIRONMENT.
Activities or mission (Part I)
ESTABLISHED TO HELP SUSTAIN THE MISSION OF FLORIDA POLYTECHNIC UNIVERSITY.
-
FLORIDA POLYTECHNIC UNIVERSITY FOUNDATION FOSTERS THE MISSION OF THE UNIVERSITY AND HAS PROVIDED SCHOLARSHIP SUPPORT TO THE UNIVERSITY EACH YEAR SINCE IT'S INAUGURAL CLASS IN 14-15.
Expenses $629,981 · Grants $281,683
As filed on the 2022 return.
Listed in Part VII
-
Randy AventRANDY AVENT
PRESIDENT
- Total calculated
- $716,015
- From this org
- $0
- From related orgs
- $600,040
- Other
- $115,975
- Hours/week
- 15 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $453,914 related
- Bonus
- $0 + $135,926 related
- Other
- $0 + $10,200 related
- Deferred
- $0 + $88,445 related
- Nontaxable benefits
- $0 + $27,530 related
- Filer's total
- $0 + $716,015 related
-
Kathleen BowmanKATHLEEN BOWMAN
CEO
- Total calculated
- $248,116
- From this org
- $0
- From related orgs
- $202,181
- Other
- $45,935
- Hours/week
- 40 + 15 related
Schedule J breakdown matched by us
- Base
- $0 + $201,641 related
- Bonus
- $0
- Other
- $0 + $540 related
- Deferred
- $0 + $19,312 related
- Nontaxable benefits
- $0 + $26,623 related
- Filer's total
- $0 + $248,116 related
-
Alice HuntALICE HUNT
CHAIR (THRU 05.23)
- Total calculated
- $0
- Hours/week
- 1.25
-
Jack HarrellJACK HARRELL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1.25
-
Derek HortonDEREK HORTON
TREASURER
- Total calculated
- $0
- Hours/week
- 40 + 38 related
-
Kathryn MizereckKATHRYN MIZERECK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 40 + 38 related
-
Cindy AlexanderCINDY ALEXANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
Todd BaylisTODD BAYLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
John Curls JrJOHN CURLS JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
Phillipa GreenbergPHILLIPA GREENBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
Travis HillsTRAVIS HILLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
Justin HollisJUSTIN HOLLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
Cady JohnsonCADY JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
Kristen LowersKRISTEN LOWERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
Joshua McCoyJOSHUA MCCOY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
Adrian MuhammadADRIAN MUHAMMAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
Blake PaulBLAKE PAUL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
Ryan PerezRYAN PEREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
Dr Muhammad RashidDR MUHAMMAD RASHID
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
Donna SlysterDONNA SLYSTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
Alen TomczakALEN TOMCZAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
Michael TschanzMICHAEL TSCHANZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
Ryan WhittemoreRYAN WHITTEMORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
Don WilsonDON WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
Ana WoodANA WOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
Madison YonashMADISON YONASH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.25
-
Ford HeacockFORD HEACOCK
DIRECTOR (THRU 09.22)
- Total calculated
- $0
- Hours/week
- 1
-
Seretha TinsleySERETHA TINSLEY
DIRECTOR (THRU 09.22)
- Total calculated
- $0
- Hours/week
- 1
-
Mark BostickMARK BOSTICK
DIRECTOR (THRU 09.22)
- Total calculated
- $0
- Hours/week
- 1
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
None.
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
-
FLORIDA POLYTECHNIC UNIVERSITY
$280,218
STUDENT SCHOLARSHIPS AND UNIVERSITY SALARIES
-
EDUCATION ASSIST TO SUPPORT UNIVERSITY SYSTEM
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.
-
FLORIDA POLYTECHNIC UNIVERSITY
115(1) · UNIVERSITY · FL
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 20 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430579349300868
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