University Of Florida Investment Corporation
- Assets
- $5.2m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 11
- Location
- Gainesville, FL
- Founding
- 10/2006
- Data as of
- 06/2021
- EIN
- 20-1226494
Organization Overview
University Of Florida Investment Corporation is located in Gainesville, FL. The organization was established in 2006. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2021, University Of Florida Investment Corporation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Florida Investment Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, University Of Florida Investment Corporation generated $5.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $6.3m during the year ending 06/2021. While expenses have increased by 7.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS CORPORATION IS TO PROMOTE THE EDUCATIONAL PURPOSES OF THE UNIVERSITY OF FLORIDA BY PROVIDING INVESTMENT RESEARCH, ADVICE, COUNSEL AND MANAGEMENT TO AND FOR THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, A PUBLIC BODY CORPORATE, AND SUCH AFFILIATED CORPORATIONS AS THE BOARD OF TRUSTEES OF THE UNIVERSITY OF FLORIDA MAY DESIGNATE, PROVIDED THAT SUCH ORGANIZATIONS FURTHER THE EDUCATIONAL PURPOSES OF THE UNIVERSITY OF FLORIDA AND ARE ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS NOW IN FORCE OR HEREAFTER AMENDED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED INVESTMENT RESEARCH, ADVICE, COUNSEL AND MANAGEMENT TO THE UNIVERSITY OF FLORIDA AND FOUR OTHER AFFILIATE ORGANIZATIONS RELATED TO THE UNIVERSITY OF FLORIDA. DURING THE YEAR, THE ORGANIZATION MANAGED ASSETS OF $5,555,917,458 FOR THESE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Reeser Cio, President | Officer | 50 | $1,484,271 |
Brian Mawdsley Managing Director | 50 | $661,239 | |
Edward Kelly Coo, Vice President | Officer | 50 | $476,357 |
Adam Singleton Investment Director | 50 | $439,799 | |
William Twible Investment Director | 50 | $405,241 | |
Jeffrey Furst Investment Director | 50 | $367,273 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,710,785 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,959 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,707,826 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,918,161 |
| Compensation of current officers, directors, key employees. | $431,229 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,196,576 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $411,805 |
| Payroll taxes | $394,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,875 |
| Advertising and promotion | $0 |
| Office expenses | $21,582 |
| Information technology | $475 |
| Royalties | $0 |
| Occupancy | $294,925 |
| Travel | $85 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,328 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,143 |
| Insurance | $28,894 |
| All other expenses | $0 |
| Total functional expenses | $6,345,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,242,434 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $199,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,732 |
| Net Land, buildings, and equipment | $255,761 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,451,308 |
| Total assets | $5,168,985 |
| Accounts payable and accrued expenses | $2,778,804 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,276,308 |
| Total liabilities | $5,055,112 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$141,888 |
| Paid-in or capital surplus, or land, building, or equipment fund | $255,761 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,168,985 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chris-Tex Inc Cantonment, FL | $1,355,088,356 | $60,967,322 |
University Of Florida Investment Corporation Gainesville, FL | $5,168,985 | $5,707,826 |
Higher Education Library Information Network Helin Inc Cape Coral, FL | $798,784 | $4,241,914 |
Emeriti Consortium For Retirement Health Solutions Miami, FL | $2,489,116 | $2,751,255 |
Georgia Leadership Institute For School Improvement Inc Duluth, GA | $3,684,980 | $2,207,807 |
Tampa Bay Library Consortium Inc Tampa, FL | $1,260,939 | $1,733,050 |
Career And Technical Education Consortium Of States Inc Decatur, GA | $4,025,565 | $2,047,533 |
Teacher Prep Inspection-Us Inc Sarasota, FL | $217,460 | $1,290,367 |
Assistance Unlimited Real Estate Holdings Corp Lauderdale Lakes, FL | $9,041,618 | $1,496,364 |
Alliance Education Services Incorporated Palm Harbor, FL | $6,531,028 | $2,985,584 |
Auburn University Real Estate Foundation Inc Auburn, AL | $9,739,836 | $4,197,642 |
Georgia Education Technology Consortium Inc Greensboro, GA | $728,570 | $724,233 |