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 06/2020, University Of Central Florida Foundation Inc generated $46.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $44.0m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, University Of Central Florida Foundation Inc has awarded 42 individual grants totaling $164,938,889. 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
2020
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 - 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 27 CONSECUTIVE SEMESTERS, WHICH IS THE LONGEST STREAK IN SCHOOL HISTORY. IN ANTICIPATION OF UCF'S MOVE TO THE BIG 12 CONFERENCE, UCF ATHLETICS SEEKS TO INCREASE ITS DONOR BASE. LAST FISCAL YEAR, UCF ATHLETICS SET A RECORD OF 8,156 DONORS, BUT THIS FISCAL YEAR IS TO SURPASS 10,000.
ACADEMIC - 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. DESPITE THE CHALLENGES OF A FISCAL YEAR LIKE NO OTHER, THE UCF FOUNDATION CLOSED ITS BOOKS AT THE END OF JUNE 2021 WITH $78.3 MILLION IN GIFTS AND COMMITMENTS EXCEEDING THE $70 MILLION GOAL SET BY UNIVERSITY LEADERS. A HIGHPOINT OF THE YEAR WAS A TRANSFORMATIONAL INVESTMENT OF $40 MILLION BY MACKENZIE SCOTT AND DAN JEWETT, WHO RECOGNIZED THE UNIVERSITY'S WORK ON FOSTERING STUDENT SUCCESS AND SOCIAL MOBILITY. THE LARGEST GIFT IN THE UNIVERSITY'S HISTORY WILL STRENGTHEN PATHWAYS TO OPPORTUNITY, WHICH WILL FUEL STUDENT SUCCESS AND ACADEMIC EXCELLENCE FOR GENERATIONS.
STUDENT AID - 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. STUDENT SUCCESS IS A PRIORITY, AND 32 NEW ENDOWED SCHOLARSHIPS WERE CREATED IN FISCAL YEAR 2021 TO SUPPORT STUDENTS IN A WIDE RANGE OF AREAS AND COLLEGES, MANY TARGETING FIRST-GENERATION STUDENTS. THE FALL 2021 FRESHMAN CLASS SET A NEW BAR FOR ACADEMIC EXCELLENCE WITH AN AVERAGE GPA OF 4.25 AND AVERAGE SAT SCORES OF 1325. UCF RANKS SECOND AMONG FLORIDA'S STATE UNIVERSITIES WITH 337 NATIONAL MERIT SCHOLARS ENROLLED. EIGHTY-ONE PERCENT OF UNDERGRADUATE STUDENTS RECEIVED FINANCIAL AID IN THE 2021-22 ACADEMIC YEAR, TOTALING $585.4 MILLION. FIFTY-SEVEN PERCENT OF FIRST-TIME-IN-COLLEGE STUDENTS AT UCF GRADUATE WITHOUT ANY EDUCATIONAL DEBT; NATIONALLY ONLY 42 PERCENT GRADUATE DEBT-FREE.
OTHER PROGRAM SERVICES DIRECTLY RELATED TO THE FOUNDATION'S MISSION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Alan Florez Treasurer, Finance Committee | OfficerTrustee | 0 | $0 |
Antonio Moreno Co-Vice Chair | OfficerTrustee | 0 | $0 |
Brian Butler Chair, Real Estate Committee | OfficerTrustee | 0 | $0 |
Carrie Callahan Co-Vice Chair | OfficerTrustee | 0 | $0 |
Eva Tukdarian CPA Chair, Audit Committee | OfficerTrustee | 0 | $0 |
Joyce Virga Chair, Donor Engagement And Stewardship | OfficerTrustee | 0 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Macdade Construction Inc Construction Services | 6/29/21 | $1,461,678 |
Contributor Development Partnership Pbc Wucf-television/radio Expenses | 6/29/21 | $463,780 |
Encore Maintenance Services Inc Construction Services | 6/29/21 | $439,507 |
Gettysburg Commerical Corporation Building Management Services | 6/29/21 | $347,014 |
Digital Convergence Alliance Inc Master Control Services For Wucf Tv | 6/29/21 | $297,156 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $32,949,173 |
Investment income | $2,706,747 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $256,923 |
Net Rental Income | $3,982,784 |
Net Gain/Loss on Asset Sales | $4,205,302 |
Net Income from Fundraising Events | $51,882 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $3,054 |
Miscellaneous Revenue | $0 |
Total Revenue | $45,984,866 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $90,424 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,434,254 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $9,207,149 |
Pension plan accruals and contributions | $837,861 |
Other employee benefits | $1,885,517 |
Payroll taxes | $866,101 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,494 |
Fees for services: Accounting | $55,456 |
Fees for services: Lobbying | $231,516 |
Fees for services: Fundraising | $221,331 |
Fees for services: Investment Management | $557,388 |
Fees for services: Other | $1,067,007 |
Advertising and promotion | $152,873 |
Office expenses | $539,635 |
Information technology | $1,224,934 |
Royalties | $0 |
Occupancy | $0 |
Travel | $248,617 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $599,369 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $191,354 |
Insurance | $99,550 |
All other expenses | $0 |
Total functional expenses | $44,009,771 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,177 |
Savings and temporary cash investments | $16,716,284 |
Pledges and grants receivable | $24,727,025 |
Accounts receivable, net | $206,377 |
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 | $1,934,951 |
Investments—publicly traded securities | $187,074,904 |
Investments—other securities | $33,975,613 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $321,693 |
Total assets | $396,904,531 |
Accounts payable and accrued expenses | $2,192,710 |
Grants payable | $0 |
Deferred revenue | $585,226 |
Tax-exempt bond liabilities | $71,487,000 |
Escrow or custodial account liability | $60,459,505 |
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 | $430,626 |
Total liabilities | $74,695,562 |
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 | $117,955,709 |
Total liabilities and net assets/fund balances | $322,208,969 |
Over the last fiscal year, University Of Central Florida Foundation Inc has awarded $20,819,218 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
UNIVERSITY OF CENTRAL FLORIDA PURPOSE: FUNDING FOR PROGRAMS AND SCHOLARSHIPS | $13,801,534 |
UCF ATHLETICS ASSOCIATION INC PURPOSE: ATHLETIC SCHOLARSHIP AND PROGRAM SUPPORT | $5,716,257 |
Orlando, FL PURPOSE: ATHLETICS STADIUM SUPPORT | $510,880 |
Orlando, FL PURPOSE: RESEARCH ACTIVITY | $357,222 |
Miami, FL PURPOSE: SCHOLARSHIP - PROGRESSIVE STUDENT AWARDS | $216,675 |
UNIVERSITY OF SOUTH FLORIDA FOUNDATION PURPOSE: SCHOLARSHIP - PROGRESSIVE STUDENT AWARDS | $216,650 |
Over the last fiscal year, we have identified 3 grants that University Of Central Florida Foundation Inc has recieved totaling $103,062.
Awarding Organization | Amount |
---|---|
Glenda G Morgan Charitable Foundation Inc Winter Park, FL PURPOSE: GENERAL SUPPORT | $56,162 |
Mohapatra Family Foundation Inc Albany, NY PURPOSE: GENERAL | $36,900 |
Hunsucker Family Foundation Houston, TX PURPOSE: CHARITY | $10,000 |
Beg. Balance | $162,921,611 |
Earnings | $44,565,300 |
Admin Expense | $4,047,044 |
Net Contributions | $3,593,722 |
Other Expense | $3,959,396 |
Grants | $1,992,045 |
Ending Balance | $201,082,148 |
Organization Name | Assets | Revenue |
---|---|---|
University Of Georgia Foundation Athens, GA | $1,813,135,367 | $241,177,913 |
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
University Of South Florida Foundation Inc Tampa, FL | $929,677,670 | $144,887,499 |
Auburn University Foundation Auburn, AL | $857,894,187 | $96,896,842 |
Florida State University Foundation Inc Tallahassee, FL | $730,089,060 | $57,370,131 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
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 |