Florida Atlantic University Foundation Inc
92% goes to programs $4 to raise $100 Strong reserves
Florida Atlantic University Foundation Inc is a 501(c)(3) organization based in Boca Raton, Florida, registered in 1962, with $49,842,509 in FY2023 revenue. CharityIndex grades it A, and it directs about 92% of spending to programs.
777 Glades Road Adm 247, Boca Raton, FL, 33431 EIN 59-0917284 Since 1962
Revenue (FY2023)
$49.8M
▼ 3.2% vs prior year
Education median: $200K
Expenses (FY2023)
$43.1M
Net assets
$413.7M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating92% to programs · $4 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Florida Atlantic University Foundation Inc: 92% to programs · $4 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating115 mo reserves · +13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Florida Atlantic University Foundation Inc: 115 mo reserves · +13% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Florida Atlantic University Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Florida Atlantic University Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To support florida atlantic university (fau).
What they do
Provided 2,823 students with scholarships from philanthropic contributions.
Provided support for the salaries of the university's eminent scholars, professors, and other faculty and staff.
Contact & location
- Address
- 777 Glades Road Adm 247, Boca Raton, FL, 33431
- City
- Boca Raton
- State
- Florida
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $20.5M (FY2013) to $49.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $49.2MNet assets $413.7M
Operating margin
13.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$462.8M
Total liabilities
$49.2M
Net assets
$413.7M
Salaries & benefits
$0
0% of expenses
Board members
22
21 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $49,842,509▼3.2% | $43,134,161▲30.5% | $413,654,919▲7.2% | $462,819,760▲5.9% | 990 |
| 2022 | $51,489,358▼35.1% | $33,062,850▼2.2% | $386,036,827▲6.5% | $437,211,157▲5.1% | 990 |
| 2021 | $79,320,542▲79.4% | $33,810,685▲52.0% | $362,544,027▼5.9% | $416,051,768▲5.8% | 990 |
| 2020 | $44,215,838▲14.6% | $22,247,742▼29.4% | $385,267,751▲30.0% | $393,420,422▲28.6% | 990 |
| 2019 | $38,576,412▼14.6% | $31,504,657▼27.8% | $296,313,338▼4.7% | $305,932,413▼5.0% | 990 |
| 2018 | $45,179,203▲14.3% | $43,627,308▲19.2% | $310,844,368▼1.5% | $322,019,873▼2.1% | 990 |
| 2017 | $39,512,380▼2.2% | $36,611,212▲61.5% | $315,560,638▲4.7% | $328,834,737▲5.3% | 990 |
| 2016 | $40,385,778▲37.1% | $22,675,385▲14.9% | $301,429,488▲14.1% | $312,300,894▲13.2% | 990 |
| 2015 | $29,459,819▼57.8% | $19,731,205▲1.6% | $264,266,568▲1.2% | $275,942,039▲1.3% | 990 |
| 2014 | $69,886,386▲242% | $19,412,147▲3.2% | $261,063,556▲5.1% | $272,450,946▲4.7% | 990 |
| 2013 | $20,457,939 | $18,810,174▲6.9% | $248,282,553▲9.8% | $260,141,198▲9.2% | 990 |
| 2012 | — | $17,590,256▲11.2% | $226,168,343▲9.0% | $238,169,415▲5.9% | 990 |
| 2011 | — | $15,824,745▲35.3% | $207,522,299▼1.1% | $224,933,257▼1.3% | 990 |
| 2010 | — | $11,696,894 | $209,792,765 | $227,911,152 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Barbara Feingold | Fau Bot Representative, Until 2/2024 | 0.5 | — |
| Brian Poulin | Executive Committee Chair | 2 | — |
| Charles Cartwright | Director | 0.5 | — |
| Cheryl Wilke | Vice Chair & Secretary | 2 | — |
| Daniel Joseph | Audit Committee Chair | 2 | — |
| David Kian | Interim Ceo | 40 | — |
| Earnie Ellison | Fau Bot Representative, As of 3/2024 | 0.5 | — |
| Ed Ventrice | Investment Committee Chair | 2 | — |
| Ian Swartz | Director, As of 11/14/23 | 0.5 | — |
| John Kelly | Former Fau President | 0 | — |
| Keith Sanders | Nominating & Gov. Committee Chair | 2 | — |
| Michael L Miller | Treasurer & Finance Committee Chair | 2 | — |
| Michael Yoon | Limited Purpose Director | 0.5 | — |
| Michelle Depalma | Cfo | 40 | — |
| Noel Gonzalez | Director | 0.5 | — |
| Pamela Rondi Noel | Director | 0.5 | — |
| Paul Kilgallon | Director | 0.5 | — |
| Peter Moore | Director | 0.5 | — |
| Phyllis Gladstein | Director | 0.5 | — |
| Raul Valero | Philanthropy Committee Chair | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Cause Tech LLC | Digital Marketing | $140,154 |
Grants received · $11.8M total
147 grants to Florida Atlantic University Foundation Inc totaling $11.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Telescope Fund | Project support | 2024 | $680,000 |
| American Gift Fund | Operations | 2024 | $500,000 |
| United Way Miami Inc | General support | 2024 | $81,000 |
| American Endowment Foundation | Educational | 2024 | $61,000 |
| American Online Giving Foundation Inc | General support | 2024 | $35,012 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $30,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $26,610 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $21,100 |
| Charities Aid Foundation America | Charitable donation | 2024 | $13,741 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $7,800 |
| Ayco Charitable Foundation | Education | 2024 | $7,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $1,172,515 |
| Thomas Jefferson University | Program support | 2023 | $194,815 |
| American Online Giving Foundation Inc | General support | 2023 | $181,006 |
| United Way Miami Inc | General support | 2023 | $136,000 |
Grants made · $39.0M in FY2023
4 grants totaling $39.0M in FY2023. All grants made by Florida Atlantic University Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Florida Atlantic University | Academic, research and institutional support | $18,614,241 |
| Florida Atlantic University | Student scholarships | $14,527,695 |
| Florida Atlantic University | Funding of university's infrastructure | $5,539,339 |
| Florida Prepaid College Foundation Inc | Student scholarships | $290,861 |
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Frequently asked questions
- Is Florida Atlantic University Foundation Inc a legitimate nonprofit?
- Yes. Florida Atlantic University Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-0917284, based in Boca Raton, Florida. Donations are tax-deductible.
- What is Florida Atlantic University Foundation Inc's EIN?
- Florida Atlantic University Foundation Inc's Employer Identification Number (EIN) is 59-0917284.
- How much revenue does Florida Atlantic University Foundation Inc report?
- Florida Atlantic University Foundation Inc reported $49,842,509 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Florida Atlantic University Foundation Inc's spending goes to programs?
- Florida Atlantic University Foundation Inc spends about 92% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Florida Atlantic University Foundation Inc have?
- CharityIndex grades Florida Atlantic University Foundation Inc A, based on program efficiency and fundraising cost.
- How much does Florida Atlantic University Foundation Inc's highest-paid employee make?
- The highest reported compensation on Florida Atlantic University Foundation Inc's latest Form 990 is $0, paid to Barbara Feingold (Fau Bot Representative, Until 2/2024).
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Data for Florida Atlantic University Foundation Inc (EIN 59-0917284) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.