Florida Gulf Coast University Foundation Inc

Organization Overview

Florida Gulf Coast University Foundation Inc is located in Fort Myers, FL. The organization was established in 1994. 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. Florida Gulf Coast University 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 06/2022, Florida Gulf Coast University Foundation Inc generated $25.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $20.3m during the year ending 06/2022. While expenses have increased by 6.9% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION'S MISSION IS TO SUPPORT THE EDUCATIONAL MISSION OF FLORIDA GULF COAST UNIVERSITY.

Describe the Organization's Program Activity:

THE FOUNDATION RECEIVES AND ADMINISTERS GIFTS AND BEQUESTS FOR EDUCATIONAL AND CHARITABLE PURPOSES FOR THE ADVANCEMENT OF FLORIDA GULF COAST UNIVERSITY. THE FOUNDATION ALSO HOLDS PROPERTY FOR USE BY THE UNIVERSITY INCLUDING LAND USED BY THE COLLEGE OF ARTS AND SCIENCES FOR THE ENVIRONMENTAL STUDIES PROGRAMS, THE HOME OF THE FLORIDA GULF COAST UNIVERSITY VESTER MARINE SCIENCE AND ENVIRONMENTAL EDUCATION CENTER, AND LAND TO BE USED FOR THE UNIVERSITY'S FUTURE EXPANSION NEEDS.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Martin
President
$0
Charles Ketteman
Chair
$0
Mayela Rosales
Vice Chair
$0
Geurt Peet
Secretary
$0
Douglas Vanoort
Treasurer
$0
Katherine Green
Executive Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Owen Ames Kimball
Construction
$4,760,067
Jsm Services Inc
Athletic Field Maintenance
$204,459
Floridian Partners
Lobbying
$195,962
Parker Mudgett Smith Architects Inc
Architect Services
$146,749
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$759,941
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$22,765,912
Noncash contributions included in lines 1a–1f $722,361
Total Revenue from Contributions, Gifts, Grants & Similar$23,525,853
Total Program Service Revenue$1,280,842
Investment income $85,696
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $721,779
Net Income from Fundraising Events $265,040
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $25,895,312

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Florida Gulf Coast University Foundation Inc has recieved totaling $33,060.

Awarding OrganizationAmount
Brodie Foundation

Estero, FL

PURPOSE: TO SUPPORT THE COMMUNITY

$22,000
Suedhoff Memorial Trust Inc

Syracuse, IN

PURPOSE: GENERAL USE

$10,000
Greer-Solien Fund

Wilmington, DE

PURPOSE: WGCU PUBLIC RADIO

$1,000
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$60
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$129,309,034
Earnings-$16,085,855
Admin Expense$1,936,579
Net Contributions$3,897,182
Other Expense$3,346,794
Ending Balance$111,836,988

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