University Of West Florida Foundation Inc
- Assets
- $164.6m
- Revenue
- $23.5m
- Investments
- $16.7m
- Employees
- 0
- Location
- Pensacola, FL
- Founding
- 11/1965
- Data as of
- 06/2020
- EIN
- 59-6166292
Organization Overview
University Of West Florida Foundation Inc is located in Pensacola, FL. The organization was established in 1965. 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. University Of West Florida Foundation 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 06/2020, University Of West Florida Foundation Inc generated $23.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $18.6m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES, ALL FOR THE ADVANCEMENT OF THE UNIVERSITY OF WEST FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT HOUSING PROGRAM - THE UWF DEPARTMENT OF HOUSING AND RESIDENCE LIFE PROVIDES HOUSING FOR APPROXIMATELY 11.4%, I.E., OVER 1,486 STUDENTS AND 67 STUDENT STAFF, OF THE UNIVERSITY'S STUDENT BODY OF 13,043. OCCUPANCY OF DORMS IS TO MEET STUDENTS' ON CAMPUS HOUSING NEEDS. IN ADDITION TO RESIDENTIAL SERVICES, HOUSING OFFERS OVER 414 EDUCATIONAL AND SOCIAL PROGRAMS DESIGNED TO ENHANCE THE STUDENTS' LEARNING ENVIRONMENT AS WELL AS ENRICH THE STUDENTS' COLLEGE EXPERIENCE.
STUDENT SCHOLARSHIP PROGRAM - THE UWF FOUNDATION AWARDED SCHOLARSHIPS TO 1,386 UWF STUDENTS. THESE SCHOLARSHIPS HELPED TO ENSURE THOSE STUDENTS GAINED A HIGHER EDUCATION. ONE OF THE NEWEW SCHOLARSHIPS PROMOTED DURING THE YEAR WAS THE FIRST GENERATION SCHOLARSHIP. THIS SCHOLARSHIP ENABLES STUDENTS, WHO ARE FIRST GENERATION IN THEIR FAMILY TO ATTEND COLLEGE, TO BE ABLE TO AFFORD COLLEGE TUITION. THE FOUNDATION RAISED AND AWARDED $374,898 OF FIRST GENERATION SCHOLARSHIPS DURING THE YEAR.
EMINENT SCHOLARS AND PROFESSORSHIPS - THE UWF FOUNDATION HAD 5 DISTINGUISHED PROFESSORS DURING THE FISCAL YEAR. THE PROFESSORSHIPS HELPED TO ADVANCE THE EDUCATIONAL MISSION OF THE UNIVERSITY BY HAVING DISTINGUISHED AND SPECIALIZED PROFESSORS TEACH STUDENTS.
ALL OTHER PROGRAMS: THE UWF FOUNDATION HAS AGENCY ACCOUNTS WHICH SUPPORT THE MISSION OF CERTAIN DEPARTMENTS AND COLLEGES WITHIN THE UNIVERSITY. THESE ACCOUNTS PRIMARILY CONSIST OF DONATED FUNDS TO HELP SUPPORT FACULTY SALARIES, STUDENT SCHOLARSHIPS, LEARNING ENVIRONMENTS, PROFESSIONAL DEVELOPMENT, AND LECTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Crawford Bod Chair | OfficerTrustee | 1 | $0 |
Gail Dorsey Immediate Past Chair | OfficerTrustee | 0.3 | $0 |
John Gormley Secretary | OfficerTrustee | 0.6 | $0 |
Rodney Sutton Treasurer | OfficerTrustee | 0.4 | $0 |
Chula King Professor | Officer | 1 | $0 |
Betsy Bowers VP Finance And Administration | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Apogee Telecom Inc It Network Provider | 6/29/21 | $209,283 |
Atlanta Consulting Group Advisors Llc Investment Advisors | 6/29/21 | $101,726 |
Burt Kervin Painting Inc Commercial Painting Services | 6/29/21 | $300,135 |
Jani-king Of Pensacola Janitorial Services | 6/29/21 | $584,799 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,145,383 |
| Investment income | $1,754,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,288 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,498,178 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,515,652 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,508,017 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,367,861 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $120,000 |
| Fees for services: Fundraising | $31,425 |
| Fees for services: Investment Management | $228,914 |
| Fees for services: Other | $1,426,478 |
| Advertising and promotion | $123,619 |
| Office expenses | $471,188 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,034,853 |
| Travel | $511,301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $177,419 |
| Interest | $1,549,899 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,174,182 |
| Insurance | $237,151 |
| All other expenses | $0 |
| Total functional expenses | $18,628,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,725 |
| Savings and temporary cash investments | $11,052,396 |
| Pledges and grants receivable | $4,228,532 |
| Accounts receivable, net | $531,164 |
| 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 | $321,192 |
| Investments—publicly traded securities | $77,187,231 |
| Investments—other securities | $16,651,602 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,725,373 |
| Total assets | $164,565,433 |
| Accounts payable and accrued expenses | $983,762 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $40,977,680 |
| 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 | $4,393,475 |
| Total liabilities | $46,354,917 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $118,210,516 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of West Florida Foundation Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Emerald Coast Charitable Foundation Inc Fort Walton Beach, FL PURPOSE: SCHOLARSHIPS | $40,000 |
Endowment Analysis
| Beg. Balance | $74,635,062 |
| Earnings | $26,069,083 |
| Net Contributions | $2,897,523 |
| Other Expense | -$3,088,323 |
| Ending Balance | $100,513,345 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seminole Boosters Inc Tallahassee, FL | $240,991,921 | $48,392,781 |
University Of Florida Research Foundation Inc Gainesville, FL | $131,218,099 | $46,757,527 |
University Of Central Florida Foundation Inc Orlando, FL | $396,904,531 | $45,984,866 |
Florida International University Foundation Inc Miami, FL | $475,743,772 | $154,605,877 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |
Kennesaw State University Foundation Inc Kennesaw, GA | $537,455,993 | $85,548,111 |
University Of South Alabama Foundation Mobile, AL | $392,021,424 | $13,140,864 |
Seminole County Coalition For School Readiness Inc Longwood, FL | $3,997,009 | $35,020,709 |
Georgia State University Foundation Inc Atlanta, GA | $466,073,205 | $89,649,877 |
Florida Atlantic University Foundation Inc Boca Raton, FL | $393,420,422 | $44,215,838 |
St Petersburg College Foundation Inc Saint Petersburg, FL | $84,259,588 | $9,116,029 |
Florida Gulf Coast University Foundation Inc Fort Myers, FL | $164,718,359 | $25,895,312 |