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Nonprofiteer
← FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC

Form 990 for tax year 2022

Filed by FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$51,489,358
Total expenses
$33,062,850
Contributions and grants received
$32,459,946
Grants paid
$25,132,279
Program service revenue
$290,731
Investment income
$17,139,361
Other revenue
$1,599,320
Total assets, end of year
$437,211,157
Total liabilities, end of year
$51,174,330
Net assets or fund balances, end of year
$386,036,827
Program services expenses (Part IX)
$29,698,613
Management and general expenses
$1,924,262
Fundraising expenses
$1,439,975
Program service expenses (Part III)
$29,698,613

Program services were 89.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ZACHARY BERG

    INVESTMENT COMMITTEE & RE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • PHYLLIS GLADSTEIN

    IMMEDIATE PAST SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • STEWART MARTIN

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • STEVEN SCHMIDT

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • STACY VOLNICK

    INTERIM FAU PRESIDENT, AS OF 1/1/23

    Total calculated
    $506,014
    From this org
    $0
    From related orgs
    $438,612
    Other
    $67,402
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $392,571 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $16,041 related
    Deferred
    $0 + $58,198 related
    Nontaxable benefits
    $0 + $9,204 related
    Filer's total
    $0 + $506,014 related

  • BRIAN POULIN

    VICE CHAIR AND TREASURER

    Total calculated
    $0
    Hours/week
    2

  • CHERYL WILKE

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • PATRICIA MCKAY

    AUDIT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • ED VENTRICE

    PHILANTHROPY COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JOHN KELLY

    FAU PRESIDENT, UNTIL 12/31/22

    Total calculated
    $1,131,256
    From this org
    $0
    From related orgs
    $1,080,994
    Other
    $50,262
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $517,261 related
    Bonus
    $0 + $501,500 related
    Other
    $0 + $62,233 related
    Deferred
    $0 + $28,526 related
    Nontaxable benefits
    $0 + $21,736 related
    Filer's total
    $0 + $1,131,256 related

  • WILLIAM E MORRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • SALLY ROWLEY-WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • RICHARD STONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • RAUL VALERO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • RAFAEL CARDOZO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • PETER MOORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • PAUL KILGALLON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • PAMELA RONDI NOEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DANIEL JOSEPH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MICHAEL L MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MICHAEL YOON

    LIMITED PURPOSE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • KEITH SANDERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BARBARA FEINGOLD

    FAU BOT REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    0.5

  • CHRISTOPHER DELISIO

    CEO, UNTIL 6/26/23

    Total calculated
    $513,588
    From this org
    $0
    From related orgs
    $457,894
    Other
    $55,694
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $363,586 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $19,308 related
    Deferred
    $0 + $34,038 related
    Nontaxable benefits
    $0 + $21,656 related
    Filer's total
    $0 + $513,588 related

  • STACEY BELL

    CFO, UNTIL 7/15/22

    Total calculated
    $224,132
    From this org
    $0
    From related orgs
    $198,525
    Other
    $25,607
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $197,960 related
    Bonus
    $0
    Other
    $0 + $565 related
    Deferred
    $0 + $14,024 related
    Nontaxable benefits
    $0 + $11,583 related
    Filer's total
    $0 + $224,132 related

  • DAVID KIAN

    INTERIM CEO, AS OF 6/26/23

    Total calculated
    $382,367
    From this org
    $0
    From related orgs
    $333,295
    Other
    $49,072
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $291,879 related
    Bonus
    $0 + $28,900 related
    Other
    $0 + $12,516 related
    Deferred
    $0 + $27,325 related
    Nontaxable benefits
    $0 + $21,747 related
    Filer's total
    $0 + $382,367 related

  • MICHELLE DEPALMA

    CFO, AS OF 12/12/22

    Total calculated
    $8,382
    From this org
    $0
    From related orgs
    $7,663
    Other
    $719
    Hours/week
    40

  • DAVID GREEN

    INTERIM VP OF INSTITUTIONAL ADVANCEMENT

    Total calculated
    $267,337
    From this org
    $0
    From related orgs
    $227,625
    Other
    $39,712
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $215,157 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $7,468 related
    Deferred
    $0 + $19,856 related
    Nontaxable benefits
    $0 + $19,856 related
    Filer's total
    $0 + $267,337 related

  • MICHAEL O MILLER

    DIRECTOR OF ADVANCEMENT

    Total calculated
    $214,297
    From this org
    $0
    From related orgs
    $178,367
    Other
    $35,930
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,694 related
    Bonus
    $0
    Other
    $0 + $6,673 related
    Deferred
    $0 + $16,074 related
    Nontaxable benefits
    $0 + $19,856 related
    Filer's total
    $0 + $214,297 related

  • LAURIE CARNEY

    SENIOR DIRECTOR OF DEVELOPMENT1

    Total calculated
    $218,288
    From this org
    $0
    From related orgs
    $188,334
    Other
    $29,954
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,793 related
    Bonus
    $0
    Other
    $0 + $6,541 related
    Deferred
    $0 + $20,750 related
    Nontaxable benefits
    $0 + $9,204 related
    Filer's total
    $0 + $218,288 related

  • KELLY KIRKPATRICK-MARMOL

    DIRECTOR OF ADVANCEMENT

    Total calculated
    $219,533
    From this org
    $0
    From related orgs
    $183,131
    Other
    $36,402
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,744 related
    Bonus
    $0
    Other
    $0 + $6,387 related
    Deferred
    $0 + $16,546 related
    Nontaxable benefits
    $0 + $19,856 related
    Filer's total
    $0 + $219,533 related

  • KRISTINA GREGG

    EXECUTIVE DIRECTOR OF ADVANCEMENT

    Total calculated
    $214,031
    From this org
    $0
    From related orgs
    $178,923
    Other
    $35,108
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,391 related
    Bonus
    $0
    Other
    $0 + $6,532 related
    Deferred
    $0 + $16,140 related
    Nontaxable benefits
    $0 + $18,968 related
    Filer's total
    $0 + $214,031 related

  • AMANDA NICKESON

    ASSISTANT VP OF DEVELOPMENT

    Total calculated
    $228,030
    From this org
    $0
    From related orgs
    $200,729
    Other
    $27,301
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,288 related
    Bonus
    $0
    Other
    $0 + $7,441 related
    Deferred
    $0 + $18,097 related
    Nontaxable benefits
    $0 + $9,204 related
    Filer's total
    $0 + $228,030 related

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

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES AND DOES NOT PROVIDE ANY OFFICER, DIRECTOR, OR OTHER REPRESENTATIVE WITH ANY COMPENSATION. MEMBERS ARE COMPENSATED THROUGH FLORIDA ATLANTIC UNIVERSITY, A RELATED ORGANIZATION, WHERE THERE IS REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES. A UNIVERSITY REPRESENTATIVE DETERMINES THE FAIR COMPENSATION BY POLLING PEER INSTITUTIONS IN THE STATE ON THE MARKET RATE FOR THIS POSITION. THIS MEASURE OBTAINS THE SAME RESULT AS COMPARING THESE INSTITUTION'S FORM 990. ADDITIONALLY, WRITTEN EMPLOYMENT CONTRACTS, ARE ALSO USED IN ESTABLISHING THE CEO'S COMPENSATION.

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

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
15 May 2024
IRS schema version
2022v5.0
Source object
202421349349302127

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

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