Florida International University Foundation Inc
86% goes to programs $13 to raise $100 Strong reserves Declining revenue
Florida International University Foundation Inc is a 501(c)(3) organization based in Miami, Florida, registered in 1969, with $56,013,371 in FY2024 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
11200 Sw 8th St Marc 531, Miami, FL, 33199 EIN 23-7047106 Since 1969
Revenue (FY2024)
$56.0M
▲ 11.7% vs prior year
Education median: $200K
Expenses (FY2024)
$56.9M
Net assets
$521.1M
Employees
81
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating86% to programs · $13 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 International University Foundation Inc: 86% to programs · $13 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating110 mo reserves · -2% 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 International University Foundation Inc: 110 mo reserves · -2% 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 International University Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 International University Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To encourage, solicit, receive and administer gifts and bequests of property and funds for scientific, educational and charitable purposes for fiu and its objectives.
Contact & location
- Address
- 11200 Sw 8th St Marc 531, Miami, FL, 33199
- City
- Miami
- State
- Florida
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $59.3M (FY2013) to $56.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $16.3MNet assets $521.1M
Operating margin
-1.6%
Spent more than it raised in the latest fiscal year.
Total assets
$537.4M
Total liabilities
$16.3M
Net assets
$521.1M
Salaries & benefits
$975K
2% of expenses
Board members
42
39 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $56,013,371▲11.7% | $56,920,547▲1.9% | $521,127,342▲10.7% | $537,388,670▲11.1% | 990 |
| 2023 | $50,136,811▲11.6% | $55,849,450▲5.9% | $470,682,625▲7.6% | $483,517,822▲8.6% | 990 |
| 2022 | $44,931,282▼35.4% | $52,727,138▼30.2% | $437,540,062▲6.0% | $445,054,887▲5.5% | 990 |
| 2021 | $69,597,402▼55.0% | $75,528,149▲75.7% | $412,699,798▼12.2% | $421,867,063▼11.3% | 990 |
| 2020 | $154,605,877▲246% | $42,979,783▲23.5% | $470,303,676▲42.5% | $475,743,772▲37.4% | 990 |
| 2019 | $44,742,844▲14.0% | $34,799,813▼6.9% | $329,992,935▲1.9% | $346,373,305▲2.2% | 990 |
| 2018 | $39,248,182▲6.0% | $37,384,542▲0.7% | $323,843,663▼9.6% | $338,892,035▼8.9% | 990 |
| 2017 | $37,011,852▲3.9% | $37,132,324▲22.9% | $358,164,678▲3.2% | $372,168,223▲3.8% | 990 |
| 2016 | $35,637,455▲29.2% | $30,218,584▲8.5% | $347,072,199▲7.0% | $358,698,028▲6.8% | 990 |
| 2015 | $27,575,793▼41.4% | $27,846,948▲16.0% | $324,503,610▼2.9% | $335,979,487▼2.7% | 990 |
| 2014 | $47,052,192▼20.6% | $24,008,712▲2.0% | $334,061,914▲7.2% | $345,239,745▲6.9% | 990 |
| 2013 | $59,261,739 | $23,529,888▲40.7% | $311,515,639▲12.1% | $323,105,612▲11.7% | 990 |
| 2012 | — | $16,728,264▲8.5% | $277,883,641▲17.5% | $289,164,284▲16.7% | 990 |
| 2011 | — | $15,422,210▲73.0% | $236,426,052▲7.0% | $247,742,291▲6.1% | 990 |
| 2010 | — | $8,912,738▼20.2% | $220,887,864▲25.0% | $233,411,474▲24.4% | 990 |
| 2009 | — | $11,168,318 | $176,695,016 | $187,635,956 | 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 (FY2024)
Highest-paid: Kenneth C Hall — $286,279 (0.50% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kenneth C Hall | Ceo, As of 11/2024 | 40 | $286,279 |
| Linda Lee Menage | Chief Campaign Officer/interim Cdo | 40 | $255,646 |
| Melissa Hernandez | Cao Until 06/30/2025 | 40 | $214,005 |
| Shivani Joshi | Interim Avp, Until 8/2024 | 40 | $108,091 |
| Christy Martinez | Assistant Vice President, Advancement Operations | 40 | $79,423 |
| Michael Martinez | Senior Director Info Systems & Data Intelligence | 40 | $17,376 |
| Adrianne N Perdomo | Asst Treasurer | 40 | $16,663 |
| Adalio T Sanchez | Chairperson | 1 | — |
| Albert Lorenzo | Director, As of 10/2023 | 1 | — |
| Albert R Tano | Membership & Board Governance Chair | 1 | — |
| Andre L Teixeira | Director | 1 | — |
| Candido J Viyella | Director | 1 | — |
| Carlos A Sabater | Director | 1 | — |
| Carlos A Somoza | Director, As of 2/2024 | 1 | — |
| Carmel J Barrau | Director | 1 | — |
| Claudia Puig | Director | 1 | — |
| Cristina Di Mauro | Investment Sub-committee Chair | 1 | — |
| David Almansa | Ex-officio/fiu Sga, As of 5/2024 | 1 | — |
| David M Zinn | Fiu Ventures Sub-committee Chair | 1 | — |
| Elizabeth M Bejar | Ex-officio/ Fiu Provost | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Jpmorgan Chase | Investment Officer & Custodian | $627,563 |
| Compass Group USA Inc | Catering Services | $472,923 |
| Evertrue Inc | Donor Engagement Platform | $244,154 |
| Mena Catering Inc | Catering Services | $206,368 |
| Afroditas Garden Corp | Catering/event Services | $159,895 |
Grants received · $88.5M total
270 grants to Florida International University Foundation Inc totaling $88.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $400,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical / public services | 2024 | $351,666 |
| Charities Aid Foundation America | Charitable donation | 2024 | $328,788 |
| Lettie Pate Whitehead Foundation Inc | For nursing scholarships. | 2024 | $254,000 |
| Atlantic Housing Foundation Inc | Scholarships and academic support | 2024 | $200,000 |
| Mightycause Charitable Foundation | Unrestricted | 2024 | $177,628 |
| American Physical Society | Sub awards | 2024 | $156,137 |
| American Online Giving Foundation Inc | General support | 2024 | $62,969 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $50,000 |
| Local Initiatives Support Corporation | See part iv | 2024 | $40,000 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $30,000 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $30,000 |
| Ayco Charitable Foundation | Education | 2024 | $25,000 |
| Borinquen Health Care Center Inc | Charitable and educational purposes | 2024 | $22,000 |
| Oneblood Inc | General support | 2024 | $20,001 |
Grants made · $48.1M in FY2024
1 grant totaling $48.1M in FY2024. All grants made by Florida International University Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Florida International University | University/student assistance | $48,120,863 |
Similar organizations in Education
Education
Kings Academy Inc
West Palm Bch, FL
$56.2M
Bannual revenue
- Education
Centeral Flordia Clinical Practice Organization Inc
Orlando, FL
$56.7M
C+annual revenue
Education
Academir Charter Schools Inc
Miami, FL
$55.0M
Bannual revenue
- Education
The Early Learning Coalition of Flagler and Volusia Counties Inc
Daytona Beach, FL
$54.8M
Bannual revenue
- Education
Advantage Academy of Miami Inc
Coral Springs, FL
$54.8M
C+annual revenue
Education
Special Operations Warrior Foundation
Tampa, FL
$53.9M
Bannual revenue
- Education
Villages Early Childhood Center Inc
The Villages, FL
$53.6M
C+annual revenue
Education
River City Education Services
Jacksonville, FL
$59.0M
Bannual revenue
- Education
Lake Wales Charter Schools
Lake Wales, FL
$59.2M
Cannual revenue
- Education
Florida Atlantic University Foundation Inc
Boca Raton, FL
$60.3M
Aannual revenue
Compare Florida International University Foundation Inc
Frequently asked questions
- Is Florida International University Foundation Inc a legitimate nonprofit?
- Yes. Florida International University Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7047106, based in Miami, Florida. Donations are tax-deductible.
- What is Florida International University Foundation Inc's EIN?
- Florida International University Foundation Inc's Employer Identification Number (EIN) is 23-7047106.
- How much revenue does Florida International University Foundation Inc report?
- Florida International University Foundation Inc reported $56,013,371 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Florida International University Foundation Inc's spending goes to programs?
- Florida International University Foundation Inc spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Florida International University Foundation Inc have?
- CharityIndex grades Florida International University Foundation Inc A, based on program efficiency and fundraising cost.
- How much does Florida International University Foundation Inc's highest-paid employee make?
- The highest reported compensation on Florida International University Foundation Inc's latest Form 990 is $286,279, paid to Kenneth C Hall (Ceo, As of 11/2024).
More nonprofits in Miami
Explore more
Data for Florida International University Foundation Inc (EIN 23-7047106) 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.