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Nonprofiteer
← JACKSONVILLE UNIVERSITY

Form 990 for tax year 2023

Filed by JACKSONVILLE UNIVERSITY.

Totals

Total revenue
$197,931,983
Total expenses
$211,564,149
Contributions and grants received
$19,988,330
Grants paid
$79,947,053
Program service revenue
$171,340,146
Investment income
$3,503,653
Other revenue
$3,099,854
Total assets, end of year
$402,293,980
Total liabilities, end of year
$305,198,534
Net assets or fund balances, end of year
$97,095,446
Program services expenses (Part IX)
$173,762,581
Management and general expenses
$36,343,748
Fundraising expenses
$1,457,820
Program service expenses (Part III)
$173,762,581

Program services were 82.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Charles Joseph

    Trustee (thru May 2024), Secretary & Advocate (BEG. May 2024)

    Total calculated
    $0
    Hours/week
    1

  • Frank Martire

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Jamie Shelton

    Secretary & Advocate (THRU May 2024)

    Total calculated
    $0
    Hours/week
    1

  • John Miller

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Matthew Kane

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Timothy P Cost

    President

    Total calculated
    $1,488,952
    From this org
    $1,355,129
    From related orgs
    $0
    Other
    $133,823
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $678,205
    Bonus
    $100,000
    Other
    $576,924
    Deferred
    $122,955
    Nontaxable benefits
    $10,868
    Filer's total
    $1,488,952

  • Amy Berg

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Audrey Moran

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Barry Gleichenhaus

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Clay Meux

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Chomiak

    Trustee (THRU MAY 2024)

    Total calculated
    $0
    Hours/week
    1

  • Dane Grey

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • G Ray Driver

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jannet Walker Ford

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • JF Bryan IV

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joseph Sanchez

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ken Babby

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kent Thielen MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Laura Angelini

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Lee Nimnicht

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Linda Stein

    Trustee (THRU MAY 2024)

    Total calculated
    $0
    Hours/week
    1

  • Mark Bennett

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Marsha Oliver

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Nina Waters

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Paul Boynton

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Roseann Duran

    Trustee (THRU JAN 2024)

    Total calculated
    $0
    Hours/week
    1

  • Russ Thomas

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Timothy Groover MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Will Weatherford

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Randal Freebourn

    Senior VP, CFO

    Total calculated
    $333,292
    From this org
    $264,913
    From related orgs
    $0
    Other
    $68,379
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,121
    Bonus
    $0
    Other
    $792
    Deferred
    $44,000
    Nontaxable benefits
    $24,379
    Filer's total
    $333,292

  • Dr Christine Sapienza

    Executive VP, Partnership & Development

    Total calculated
    $443,481
    From this org
    $365,677
    From related orgs
    $0
    Other
    $77,804
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $356,815
    Bonus
    $0
    Other
    $8,862
    Deferred
    $58,625
    Nontaxable benefits
    $19,179
    Filer's total
    $443,481

  • Sherri Jackson

    Interim Provost

    Total calculated
    $236,447
    From this org
    $207,233
    From related orgs
    $0
    Other
    $29,214
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,435
    Bonus
    $0
    Other
    $798
    Deferred
    $12,533
    Nontaxable benefits
    $16,681
    Filer's total
    $236,447

  • Alex Ricker-Gilbert

    SVP, Athletic Director

    Total calculated
    $331,790
    From this org
    $306,272
    From related orgs
    $0
    Other
    $25,518
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,078
    Bonus
    $25,000
    Other
    $15,194
    Deferred
    $16,500
    Nontaxable benefits
    $9,018
    Filer's total
    $331,790

  • Barbara Ritter

    Dean, DCOB

    Total calculated
    $312,049
    From this org
    $286,562
    From related orgs
    $0
    Other
    $25,487
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,352
    Bonus
    $0
    Other
    $210
    Deferred
    $17,276
    Nontaxable benefits
    $8,211
    Filer's total
    $312,049

  • Eman Othman

    Assistant Professor Orthodontics

    Total calculated
    $301,190
    From this org
    $277,102
    From related orgs
    $0
    Other
    $24,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $276,982
    Bonus
    $0
    Other
    $120
    Deferred
    $17,042
    Nontaxable benefits
    $7,046
    Filer's total
    $301,190

  • Jordan Mincy

    Head Coach, Men's Basketball

    Total calculated
    $384,253
    From this org
    $353,536
    From related orgs
    $0
    Other
    $30,717
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $258,354
    Bonus
    $25,000
    Other
    $70,182
    Deferred
    $19,500
    Nontaxable benefits
    $11,217
    Filer's total
    $384,253

  • Nicholas Allard

    Dean, College of Law

    Total calculated
    $380,880
    From this org
    $370,854
    From related orgs
    $0
    Other
    $10,026
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $355,831
    Bonus
    $0
    Other
    $15,023
    Deferred
    $4,375
    Nontaxable benefits
    $5,651
    Filer's total
    $380,880

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 · 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 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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, Part I, Line 1a Housing allowance or residence for personal use
Tim Cost received a taxable housing allowance as part of his employment.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
The University paid club dues on behalf of the following individuals in calendar year 2023. These amounts were included in taxable compensation for these individuals. -Tim Cost - President -Jordan Mincy - Head Coach, Men's Basketball -Alex Ricker-Gilbert - SVP, Athletic Director
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
President Tim Cost participated in a 457(f) nonqualified deferred compensation plan. Total contributions into this plan for 2023 were $102,812. Total distributions out of the plan for 2023 were $437,325. Christine Sapienza also participated in a 457(f) Plan. Total contributions for 2023 were $36,500. Total distributions out of the plan for 2023 were $0. Randal Freebourn also participated in a 457(f) Plan. Total contributions for 2023 were $27,500. Total distributions out of the plan for 2023 were $0.

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.

  • JACKSONVILLE UNIVERSITY CLINIC LLC

    ORTHODONTIC CLINIC OPERATIONS · FL · income $2,131,376 · assets $543,303

    Directly controlled by JU

  • Jacksonville University Flight Team LLC

    Flight Team Exercises · FL · income $0 · assets $0

    Directly controlled by JU

  • VOCALIZE LLC

    Speech pathology · FL · income $0 · assets $0

    Directly controlled by JU

  • THIRTYFOUROAKS HOLDING LLC

    INVESTMENT HOLDING COMPANY · FL · income $0 · assets $0

    Directly controlled by JU

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (3)

    Trust · TRUST · FL

    Directly controlled by JU

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511339349309751

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