Sarasota University Inc
- Assets
- $308.4k
- Revenue
- $864.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-0764321
Organization Overview
Sarasota University Inc is located in Sarasota, FL. The organization was established in 2014. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, 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. Sarasota University Inc 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 12/2021, Sarasota University Inc generated $864.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 49.7% each year . All expenses for the organization totaled $117.4k during the year ending 12/2021. 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
A RIGOROUS, RELEVANT, REALISTIC, AND AFFORDABLE EDUCATIONAL INSTITUTION BUILT ON INDIVIDUAL TALENTS WHERE STUDENTS DEVELOP SKILLS AND KNOWLEDGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF ENROLLED STUDENTS - 3 STUDENTS GRADUATING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Riedmiller Director Of Regulatory Affairs | Trustee | 5 | $10,500 |
Robin Howe Vice President | Trustee | 9 | $6,500 |
Charles Mlynarcyk Director Of Student Services | Trustee | 2 | $6,000 |
Cheryl Ogrodnik Chairperson | Officer | 2 | $740 |
Marc Seldin Director Of Finance | OfficerTrustee | 3 | $0 |
Ronald Ogrodnik President | OfficerTrustee | 2 | $0 |
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 | $812,416 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $812,416 |
| Total Program Service Revenue | $52,440 |
| Investment income | $0 |
| 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 | $864,856 |
| 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. | $23,740 |
| Compensation of current officers, directors, key employees. | $23,740 |
| Compensation to disqualified persons | $30,975 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,771 |
| Fees for services: Accounting | $13,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,609 |
| Office expenses | $865 |
| Information technology | $2,334 |
| Royalties | $0 |
| Occupancy | $4,400 |
| Travel | $346 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,180 |
| Interest | $3,088 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $630 |
| All other expenses | $0 |
| Total functional expenses | $117,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,442 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $308,442 |
| Accounts payable and accrued expenses | $200 |
| 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 | $0 |
| Total liabilities | $200 |
| Net assets without donor restrictions | $308,242 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $308,442 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sarasota University Inc has recieved totaling $25,040.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: FOR GRANT RECIPIENT'S EXEMPT PURPOSES | $20,000 |
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT | $5,040 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Augusta University Research Institute Inc Augusta, GA | $21,382,894 | $80,266,513 |
Ave Maria School Of Law Naples, FL | $21,394,119 | $23,155,503 |
Interdenominational Theological Center Inc Atlanta, GA | $16,432,791 | $10,752,474 |
Florida International University Academic Health Center Health Care Miami, FL | $12,695,860 | $11,691,634 |
Laura Berry Campbell Trust For Columbia Theological Seminary Orlando, FL | $73,741,307 | $8,120,266 |
Talmudic College Of Florida Inc Miami Beach, FL | $19,278,547 | $4,925,622 |
Luther Rice University Inc Lithonia, GA | $7,749,300 | $4,580,851 |
L D Pankey Dental Foundation Inc Key Biscayne, FL | $8,662,484 | $3,687,716 |
Academy For Five Element Acupuncture Inc Gainesville, FL | $3,216,537 | $1,719,770 |
Heritage Bible College Savannah, GA | $1,470,682 | $1,484,140 |
Seminary Covenant Community Melbourne, FL | $3,193,835 | $1,783,542 |
Exalting Christ In Honduras Inc Seffner, FL | $2,942,860 | $818,825 |