University Of Central Florida Foundation Inc is located in Orlando, FL. The organization was established in 1968. 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 Central 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 06/2021, University Of Central Florida Foundation Inc generated $95.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $43.1m during the year ending 06/2021. While expenses have increased by 2.4% per year over the past 7 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.
Since 2015, University Of Central Florida Foundation Inc has awarded 48 individual grants totaling $187,584,147. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE, STEWARD & CELEBRATE CONTRIBUTIONS FROM ALUMNI & FRIENDS TO SUPPORT UCF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATHLETICS EXPENSES PAID IN SUPPORT OF THE UCF ATHLETICS PROGRAM PROVIDE STUDENT-ATHLETES WITH A CHAMPIONSHIP-LEVEL EXPERIENCE. THE CHARGEON FUND RAISES FUNDS TO ENSURE UCF'S STUDENT-ATHLETES CONTINUE TO EXCEL IN COMPETITION, IN THE CLASSROOM, AND IN THE COMMUNITY. IN THE CLASSROOM, THE AVERAGE GPA FOR STUDENT-ATHLETES HAS EXCEEDED A 3.0 BENCHMARK DURING EACH TERM FOR THE 30 CONSECUTIVE SEMESTERS, WHICH IS THE LONGEST STREAK IN SCHOOL HISTORY. IN ADDITION, 48 STUDENT-ATHLETES EARNED A 4.0 GPA IN THE FALL 2022 SEMESTER. UCF IS AMONG FOUR SCHOOLS TO JOIN THE BIG 12 CONFERENCE IN 2023; AS SUCH UCF ATHLETICS SEEKS TO INCREASE ITS DONOR BASE THROUGH ITS MISSION XII INITIATIVE. LAST FISCAL YEAR, MORE THAN 10,000 UCF ATHLETICS DONORS SUPPORTED STUDENT-ATHLETES; THAT NUMBER IS ANTICIPATED TO GROW AS UCF JOINS THE BIG 12.
OTHER PROGRAM SERVICES DIRECTLY RELATED TO THE FOUNDATION'S MISSION.
ACADEMIC EXPENSES PAID IN SUPPORT OF THE UCF PROGRAMS INCLUDE FUNDING FOR ACADEMIC PROGRAMS, SALARIES FOR UNIVERSITY EMPLOYEES AND FELLOWSHIPS TO REWARD SOME OF UCF'S MOST ACCOMPLISHED AND PROMISING STUDENTS. OUTSTANDING FACULTY INSPIRE STUDENTS, FOSTER AND ENHANCE STRONG ACADEMIC PROGRAMS AND SERVE AS A KEY ELEMENT TO INSTITUTIONAL EXCELLENCE. ENDOWED CHAIRS, EMINENT SCHOLAR POSITIONS AND DISTINGUISHED PROFESSORSHIPS ARE PRESTIGIOUS ACADEMIC POSITIONS HELD BY THE UNIVERSITY'S MOST ESTEEMED FACULTY AND SPENDING TO SUPPORT THESE POSITIONS HELPS THE UNIVERSITY MAINTAIN A HIGH ACADEMIC STANDARD. SPENDING TO SUPPORT RESEARCH PROJECTS AND INNOVATIVE PROGRAMS FURTHER ENRICHES THE UCF LEARNING EXPERIENCE. THE UCF FOUNDATION, INC. CLOSED ITS BOOKS AT THE END OF JUNE 2022 WITH $76 MILLION IN GIFTS AND COMMITMENTS EXCEEDING THE GOAL SET BY UNIVERSITY LEADERS. THIS REPRESENTED THE SUPPORT OF MORE THAN 46,000 DONORS WHO GAVE 202,846 GIFTS. THE UCF CHALLENGE, THE UNIVERSITY'S CO-INVESTMENT PROGRAM CREATED TO LEVERAGE THE 2021 $40 MILLION TRANSFORMATIONAL GIFT FROM PHILANTHROPIST MACKENZIE SCOTT, RAISED $10.4 MILLION FOR STUDENT SUCCESS, SCHOLARS' PROGRAMS AND FACULTY EXCELLENCE.
UCFF IS DEDICATED TO ENRICHING THE LIVES OF UCF STUDENTS AND SOLICITS DONATIONS TO SUPPORT SCHOLARSHIPS TO BENEFIT THEM. SCHOLARSHIP FUNDS ARE TRANSFERRED TO THE UNIVERSITY FOR ADMINISTRATION AND PROCESSING AND ARE DESIGNED TO REWARD, INSPIRE, AND ASSIST STUDENTS IN PURSUING ACADEMIC EXCELLENCE AND HELP ATTRACT A DIVERSE STUDENT BODY UCF SET RECORDS FOR DIVERSITY IN FALL 2022 WITH 49.7% OF MINORITY STUDENTS, AND 28.2% HISPANIC/LATINX. THE FALL 2022 FRESHMAN CLASS SET A NEW BAR FOR ACADEMIC EXCELLENCE WITH AN AVERAGE GPA OF 4.23 AND AVERAGE SAT SCORES OF 1334. UCF RANKS SECOND AMONG FLORIDA'S STATE UNIVERSITIES WITH 367 NATIONAL MERIT SCHOLARS ENROLLED. $108.2 MILLION WAS AWARDED TO BRIGHT FUTURES STUDENTS, THE SECOND-LARGEST AMOUNT IN FLORIDA. SEVENTY-TWO PERCENT OF UNDERGRADUATES RECEIVED FINANCIAL AID, WITH A TOTAL OF $615.7 MILLION AWARDED. SIXTY-TWO PERCENT OF FTIC (FIRST TIME IN COLLEGE) STUDENTS AT UCF GRADUATE WITHOUT ANY EDUCATIONAL DEBT; KIPLINGER AND FORBES RANK UCF AMONG THE NATION'S BEST EDUCATION VALUES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sara Bernard Director | Trustee | 1 | $0 |
Clint Bullock Director | Trustee | 1 | $0 |
Brian Butler Co-Vice Chair | OfficerTrustee | 1 | $0 |
Loretta Corey Director | Trustee | 1 | $0 |
Diane Mahony Director | Trustee | 1 | $0 |
Catherine Mccaw-Engelman Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Encore Maintenance Services Inc Maintenance | 6/29/22 | $508,535 |
Contributor Development Partnership Pbc Wucf-television/ Radio Expenses | 6/29/22 | $504,588 |
Shaffer Air Inc Bldg Srvcs - A/c Repair And Replacement | 6/29/22 | $410,208 |
Grenzebach Glier And Associates Inc Consulting Services | 6/29/22 | $402,760 |
Digital Convergence Alliance Inc Master Control Services For Wucf Tv | 6/29/22 | $371,445 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $74,281,753 |
Investment income | $1,919,495 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $192,848 |
Net Rental Income | $4,142,125 |
Net Gain/Loss on Asset Sales | $14,030,167 |
Net Income from Fundraising Events | -$23,257 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $16,479 |
Miscellaneous Revenue | $0 |
Total Revenue | $95,495,619 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $17,666 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,573,245 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $8,851,860 |
Pension plan accruals and contributions | $763,736 |
Other employee benefits | $1,702,510 |
Payroll taxes | $648,040 |
Fees for services: Management | $0 |
Fees for services: Legal | $27,668 |
Fees for services: Accounting | $54,942 |
Fees for services: Lobbying | $214,789 |
Fees for services: Fundraising | $319,439 |
Fees for services: Investment Management | $492,406 |
Fees for services: Other | $1,675,651 |
Advertising and promotion | $89,890 |
Office expenses | $584,328 |
Information technology | $1,037,778 |
Royalties | $0 |
Occupancy | $100,042 |
Travel | $32,704 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $245,843 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $191,354 |
Insurance | $114,488 |
All other expenses | $0 |
Total functional expenses | $43,098,688 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,100 |
Savings and temporary cash investments | $53,213,899 |
Pledges and grants receivable | $19,908,537 |
Accounts receivable, net | $4,287,726 |
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 | $1,016,617 |
Investments—publicly traded securities | $88,122,366 |
Investments—other securities | $187,606,077 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $302,593 |
Total assets | $484,634,099 |
Accounts payable and accrued expenses | $3,260,109 |
Grants payable | $0 |
Deferred revenue | $15,051 |
Tax-exempt bond liabilities | $69,247,000 |
Escrow or custodial account liability | $60,928,184 |
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 | $387,770 |
Total liabilities | $72,909,930 |
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 | $203,409,663 |
Total liabilities and net assets/fund balances | $411,724,169 |
Over the last fiscal year, University Of Central Florida Foundation Inc has awarded $21,948,080 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
UCF GOLDEN KNIGHTS CORPORATION INC PURPOSE: ATHLETICS STADIUM SUPPORT | $255,080 |
UNIVERSITY OF CENTRAL FLORIDA PURPOSE: FUNDING FOR PROGRAMS AND SCHOLARSHIPS | $14,118,452 |
UCF CONVOCATION CORPORATION INC PURPOSE: CONVOCATION CENTER SUPPORT | $696,636 |
UNIVERSITY OF CENTRAL FLORIDA RESEARCH FOUNDATION PURPOSE: RESEARCH ACTIVITY | $1,292,669 |
UCF ATHLETICS ASSOCIATION INC PURPOSE: ATHLETIC SCHOLARSHIP AND PROGRAM SUPPORT | $5,425,533 |
UCF LIMBITLESS SOLUTIONS PURPOSE: RESEARCH & DEVELOPMENT | $159,710 |