Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $198,803

• 1e · Government grants (contributions)

  $451,049

• 1f · All other contributions, gifts and grants

  $16,977,598

• 1g · Noncash contributions included above

  $2,244,318

• 2a · Program service revenue: UNIVERSITY ENDOWMENT MGMT

  total $472,831 · related or exempt $472,831

• 2b · Program service revenue: OSPREY TICKET SALES

  total $192,000 · related or exempt $192,000

• 3 · Investment income

  total $616,245 · excluded $616,245

• 7a · Gross sales of assets other than inventory

  securities $30,546,362

• 7b · Less cost or other basis and sales expenses

  securities $28,910,181

• 7c · Gain or loss

  securities $1,636,181

• 7d · Net gain or loss

  total $1,636,181 · unrelated business $18,455 · excluded $1,617,726

• 8a · Fundraising events: gross income

  $232,969

• 8a · Fundraising events: contributions included on line 1c

  $198,803

• 8b · Fundraising events: direct expenses

  $148,068

• 8c · Net income from fundraising events

  total $84,901 · excluded $84,901

• 11a · Other revenue: REBATES

  total $66,851 · excluded $66,851

• 11b · Other revenue: BUS CHARTER COMMISSIONS

  total $14,404 · excluded $14,404

• 11c · Other revenue: CONFERENCES

  total $13,019 · excluded $13,019

• 11d · All other revenue

  total $21,718 · excluded $21,718

• 11e · Other revenue, total

  $115,992

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,000,303 · program services $4,000,303

• 2 · Grants to domestic individuals

  total $4,702,855 · program services $4,702,855

• 5 · Compensation of officers, directors and key employees

  total $7,000 · program services $7,000

• 7 · Other salaries and wages

  total $3,674,448 · program services $1,967,178 · management and general $585,120 · fundraising $1,122,150

• 8 · Pension plan contributions

  total $273,374 · program services $147,605 · management and general $74,290 · fundraising $51,479

• 9 · Other employee benefits

  total $33,259 · management and general $24,898 · fundraising $8,361

• 10 · Payroll taxes

  total $44,093 · program services $42,290 · fundraising $1,803

• 11c · Fees: accounting

  total $77,100 · management and general $77,100

• 11f · Fees: investment management

  total $792,808 · management and general $792,808

• 11g · Fees: other

  total $515,497 · program services $385,217 · management and general $237 · fundraising $130,043

• 12 · Advertising and promotion

  total $268,984 · program services $183,745 · management and general $4,787 · fundraising $80,452

• 13 · Office expenses

  total $998,154 · program services $745,775 · management and general $2,775 · fundraising $249,604

• 14 · Information technology

  total $155,823 · program services $77,982 · management and general $170 · fundraising $77,671

• 17 · Travel

  total $626,815 · program services $603,806 · management and general $3,814 · fundraising $19,195

• 19 · Conferences, conventions and meetings

  total $1,891,939 · program services $1,677,900 · management and general $17,684 · fundraising $196,355

• 20 · Interest

  total $41,899 · program services $41,899

• 23 · Insurance

  total $10,107 · program services $10,107

• 24a · Other expenses: PUBLIC RELATIONS

  total $170,548 · program services $127,675 · management and general $7,228 · fundraising $35,645

• 24b · Other expenses: REIMBURSEMENT OF OPERAT

  total $139,717 · program services $139,717

• 24c · Other expenses: FUNDRAISING

  total $18,240 · fundraising $18,240

• 24d · Other expenses: UNRELATED BUSINESS TAX

  total $6,641 · management and general $6,641

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $20,224 · end of year $7,910

• 2 · Savings and temporary cash investments

  beginning of year $7,418,111 · end of year $9,422,187

• 3 · Pledges and grants receivable

  beginning of year $6,669,039 · end of year $7,682,355

• 7 · Other notes and loans receivable

  beginning of year $2,453,511 · end of year $969,125

• 9 · Prepaid expenses and deferred charges

  beginning of year $65,600 · end of year $38,366

• 10a · Land, buildings and equipment: cost or other basis

  $30,230,000

• 10c · Land, buildings and equipment, net

  beginning of year $30,230,000 · end of year $30,230,000

• 11 · Investments: publicly traded securities

  beginning of year $12,330,684 · end of year $13,131,195

• 12 · Investments: other securities

  beginning of year $142,180,768 · end of year $158,162,955

• 15 · Other assets

  beginning of year $3,006 · end of year $3,280

• 17 · Accounts payable and accrued expenses

  beginning of year $750,876 · end of year $32,160

• 25 · Other liabilities

  beginning of year $221,703 · end of year $215,745

• 29 · Capital stock, trust principal or current funds

  beginning of year $35,953,478 · end of year $41,170,798

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $30,230,000 · end of year $30,230,000

• 31 · Retained earnings, endowment or other funds

  beginning of year $134,214,886 · end of year $147,998,670

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION RELIED ON THE UNIVERSITY OF NORTH FLORIDA, A RELATED ORGANIZATION, TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL. THE UNIVERSITY OF NORTH FLORIDA USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

PART I, LINE 7

DAVID SZYMANSKI, THE FORMER UNF PRESIDENT, AND FORMER OFFICER FOR UNF FOUNDATION.