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Nonprofiteer
← FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC

Form 990 for tax year 2023

Filed by FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$50,136,811
Total expenses
$55,849,450
Contributions and grants received
$44,267,958
Grants paid
$47,079,519
Program services expenses (Part IX)
$47,712,124
Management and general expenses
$2,571,676
Fundraising expenses
$5,565,650
Program service expenses (Part III)
$47,712,124

Program services were 85.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ADALIO T SANCHEZ

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • FRANCISCO LOPEZ JR

    DIRECTOR, UNTIL 8/2023

    Total calculated
    $0
    Hours/week
    1

  • HUMBERTO CABANAS

    ALUMNI CENTER STEERING COMM CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ANDRE L TEIXEIRA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CANDIDO J VIYELLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • T GENE PRESCOTT

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • CARMEL J BARRAU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CLAUDIA PUIG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CRISTINA DI MAURO

    INVESTMENT SUB-COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DAVID M ZINN

    FIU VENTURES SUB-COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH M BEJAR

    EX-OFFICIO/FIU PROVOST

    Total calculated
    $573,672
    From this org
    $0
    From related orgs
    $507,786
    Other
    $65,886
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $507,786 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $44,029 related
    Nontaxable benefits
    $0 + $21,857 related
    Filer's total
    $0 + $573,672 related

  • FRANCIS A HONDAL

    FIU BOT FORMER PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • GERALD C GRANT JR

    DEVELOPMENT MGMT CHAIR/VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • NOEL J GUILLAMA-ALVAREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • IRA D GILLER

    REAL ESTATE SUB-COMMITTEE VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JAMES W LOEWENHERZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JASON A SALTZMAN

    DIRECTOR, UNTIL 8/2023

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY L HORSTMYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JILL M GRANAT

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JUAN CARLOS ALEXANDER

    EX-OFFICIO/FIU ALUMNI, UNTIL 4/2024

    Total calculated
    $0
    Hours/week
    1

  • JUAN J MARTINEZ

    FOUNDATION ENTERPRISE GROWTH VC

    Total calculated
    $0
    Hours/week
    1

  • JUAN R FIGUEREO

    FOUNDATION ENTERPRISE GROWTH CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LATESSA DOTSON HALL

    MEMBERSHIP & BOARD MGMT CO-VC

    Total calculated
    $0
    Hours/week
    1

  • ALBERT R TANO

    MEMBERSHIP & BOARD GOVERNANCE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ELLIOT N STONE

    REAL ESTATE SUB-COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CARLOS A SABATER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL A KAPPITT

    CAMPAIGN/MKTG CHAIR, UNTIL 10/2023

    Total calculated
    $0
    Hours/week
    1

  • THOMAS C RAGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NOEL C BARENGO

    EX-OFFICIO, UNTIL 9/2023

    Total calculated
    $219,518
    From this org
    $0
    From related orgs
    $182,514
    Other
    $37,004
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,514 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,148 related
    Nontaxable benefits
    $0 + $19,856 related
    Filer's total
    $0 + $219,518 related

  • ORLANDO ROCHE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RAKESH AND RACHANEE SARNA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD BRILLIANT

    LONG-TERM STRATEGIC PLANNING CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD P TONKINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SNEH GULATI

    EX-OFFICIO, AS OF 9/2023

    Total calculated
    $199,518
    From this org
    $0
    From related orgs
    $164,648
    Other
    $34,870
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $164,648 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,014 related
    Nontaxable benefits
    $0 + $19,856 related
    Filer's total
    $0 + $199,518 related

  • ROBERT M NAMOFF

    DIRECTOR, UNTIL 3/2024

    Total calculated
    $0
    Hours/week
    1

  • SANTANA WAY

    EX-OFFICIO/FIU SGA, UNTIL 5/2024

    Total calculated
    $10,118
    From this org
    $0
    From related orgs
    $10,118
    Other
    $0
    Hours/week
    1 + 5 related

  • SERGIO ABREU JR

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • STEWART L APPELROUTH

    AUDIT SUB-COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT A BAER SR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARCEL L NAVARRO

    FINANCE COMMITTEE CHAIR/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • WALTER B GONZALEZ JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • YOLANGEL HERNANDEZ SUAREZ

    DIRECTOR

    Total calculated
    $413,977
    From this org
    $0
    From related orgs
    $384,968
    Other
    $29,009
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $384,968 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,966 related
    Nontaxable benefits
    $0 + $43 related
    Filer's total
    $0 + $413,977 related

  • MALCOLM BROWN

    DIRECTOR, AS OF 10/2023

    Total calculated
    $0
    Hours/week
    1

  • ALBERT LORENZO

    DIRECTOR, AS OF 10/2023

    Total calculated
    $0
    Hours/week
    1

  • HUGO MANTILLA

    DIRECTOR, AS OF 2/2024

    Total calculated
    $0
    Hours/week
    1

  • CARLOS A SOMOZA

    DIRECTOR, AS OF 2/2024

    Total calculated
    $0
    Hours/week
    1

  • DAVID ALMANSA

    EX-OFFICIO/FIU SGA, AS OF 5/2024

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • SEAN GAZITUA

    EX-OFFICIO/FIU ALUMNI, AS OF 4/2024

    Total calculated
    $0
    Hours/week
    1

  • TINA M VIDAL-DUART

    ATHLETICS SUB-COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ADRIANNE PERDOMO

    ASST. TREASURER

    Total calculated
    $192,787
    From this org
    $45,468
    From related orgs
    $109,982
    Other
    $37,337
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $45,468 + $109,982 related
    Bonus
    $0
    Other
    $0
    Deferred
    $5,113 + $12,368 related
    Nontaxable benefits
    $5,808 + $14,048 related
    Filer's total
    $56,389 + $136,398 related

  • PABLO G ORTIZ

    INTERIM CEO, 5/2023 - 11/2024

    Total calculated
    $517,046
    From this org
    $70,609
    From related orgs
    $319,077
    Other
    $127,360
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $70,609 + $319,077 related
    Bonus
    $0
    Other
    $0
    Deferred
    $19,130 + $86,448 related
    Nontaxable benefits
    $3,947 + $17,835 related
    Filer's total
    $93,686 + $423,360 related

  • KENNETH C HALL

    CEO, AS OF 11/2024

    Total calculated
    $114,365
    From this org
    $37,175
    From related orgs
    $68,204
    Other
    $8,986
    Hours/week
    40

  • SHIVANI JOSHI

    INTERIM AVP, UNTIL 8/2024

    Total calculated
    $255,076
    From this org
    $159,997
    From related orgs
    $56,532
    Other
    $38,547
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,997 + $56,532 related
    Bonus
    $0
    Other
    $0
    Deferred
    $13,811 + $4,880 related
    Nontaxable benefits
    $14,672 + $5,184 related
    Filer's total
    $188,480 + $66,596 related

  • MELISSA HERNANDEZ

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $236,255
    From this org
    $207,454
    From related orgs
    $0
    Other
    $28,801
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,454
    Bonus
    $0
    Other
    $0
    Deferred
    $19,597
    Nontaxable benefits
    $9,204
    Filer's total
    $236,255

  • LINDA LEE MANAGE

    CCO/INTERIM CDO

    Total calculated
    $265,851
    From this org
    $224,706
    From related orgs
    $0
    Other
    $41,145
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $224,706
    Bonus
    $0
    Other
    $0
    Deferred
    $21,289
    Nontaxable benefits
    $19,856
    Filer's total
    $265,851

  • RAFAEL PROHIAS

    GENERAL COUNSEL

    Total calculated
    $238,580
    From this org
    $0
    From related orgs
    $202,502
    Other
    $36,078
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $202,502 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $25,229 related
    Nontaxable benefits
    $0 + $10,849 related
    Filer's total
    $0 + $238,580 related

  • HOWARD R LIPMAN

    FORMER CEO

    Total calculated
    $523,866
    From this org
    $236,309
    From related orgs
    $260,014
    Other
    $27,543
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,309 + $260,014 related
    Bonus
    $0
    Other
    $0
    Deferred
    $7,916 + $8,710 related
    Nontaxable benefits
    $5,198 + $5,719 related
    Filer's total
    $249,423 + $274,443 related

  • CAROLYN JACKSON

    FORMER AVP (HCE)

    Total calculated
    $182,075
    From this org
    $143,212
    From related orgs
    $17,542
    Other
    $21,321
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,212 + $17,542 related
    Bonus
    $0
    Other
    $0
    Deferred
    $10,150 + $1,243 related
    Nontaxable benefits
    $8,845 + $1,083 related
    Filer's total
    $162,207 + $19,868 related

  • ADY ARGUELLES

    FORMER DEVELOPMENT OFFICER (HCE)

    Total calculated
    $161,413
    From this org
    $116,697
    From related orgs
    $20,559
    Other
    $24,157
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,697 + $20,559 related
    Bonus
    $0
    Other
    $0
    Deferred
    $10,691 + $1,883 related
    Nontaxable benefits
    $9,848 + $1,735 related
    Filer's total
    $137,236 + $24,177 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 — 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
  • 1b · Written policy on the line-1a expenses

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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 1A
THE FOUNDATION WILL REIMBURSE CARRIER EXPENSES FOR COACH. BUSINESS CLASS TRAVEL OR ONE UPGRADE MAY BE REIMBURSED FOR THE UNIVERSITY PRESIDENT, FOUNDATION CEO, FOUNDATION CDO, VICE-PRESIDENTS, AND DEANS. IF ANY OTHER EMPLOYEE WISHES TO FLY BUSINESS CLASS FOR AN INTERNATIONAL TICKET EXCEEDING 4 HOURS, APPROVAL IS REQUIRED PRIOR TO TICKET PURCHASE FROM VICE-PRESIDENT OR DEAN. FOR ANY TRAVELER, FIRST CLASS TRAVEL, ONLY IF EXCEEDING 4 HOURS, MUST HAVE APPROVAL GRANTED FROM THE FOUNDATION CEO AND DEPARTMENT'S CORRESPONDING VICE PRESIDENT, PRIOR TO THE TRAVEL OCCURRING.
PART I, LINE 3
THE ORGANIZATION RELIED ON FLORIDA INTERNATIONAL UNIVERSITY (FIU), A RELATED ORGANIZATION, TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO. THE PROCESS TO HIRE THE ORGANIZATION'S CEO INCLUDES A WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE ORGANIZATION'S BOARD OF DIRECTORS. THE PROCESS TO HIRE OTHER OFFICERS OR KEY EMPLOYEES INCLUDES A DETAILED REVIEW OF FIU'S COMPENSATION DEPARTMENT, WHICH INCLUDES AN ANALYSIS OF COMPARABLE SALARIES WITHIN FIU AND THE FLORIDA STATE UNIVERSITY SYSTEM.

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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521269349300112

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

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