Fiu Athletics Finance Corporation

Organization Overview

Fiu Athletics Finance Corporation is located in Miami, FL. The organization was established in 2009. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fiu Athletics Finance 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 06/2023, Fiu Athletics Finance Corporation generated $5.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $6.1m during the year ending 06/2023. While expenses have increased by 4.4% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE FIU ATHLETICS CORPORATION WAS ORGANIZED TO FACILITATE THE FINANCING OF PROJECTS RELATED TO THE FIU FOOTBALL STADIUM, AS WELL AS, MANAGE AND OPERATE THE FACILITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION IS A FLORIDA NOT-FOR-PROFIT, A DIRECT SUPPORT ORGANIZATION AND A COMPONENT UNIT OF FLORIDA INTERNATIONAL UNIVERSITY (FIU) FORMED TO FACILITATE THE FINANCING OF PROJECTS RELATED TO THE FIU FOOTBALL STADIUM AND FACILITY OPERATIONS AND MANAGEMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Heath Glick
Director
$0
Al Lorenzo
Director
$0
Benjamin Jarrell
Director
$0
Mike Hernandez
Director
$0
Rogelio Tovar
Chairman
$0
Scott Carr
Athletic Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Event Services America Inc
Professional Services
$214,259
Pioneer Manufacturing Co
Professional Services
$116,621
William E Craig And Associates Inc
Professional Services
$101,426
Saniklean Inc
Custodial Services
$251,550
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$4,721,924
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$830,582
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,552,506
Total Program Service Revenue$0
Investment income $169,288
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,721,794

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