University Of Fort Lauderdale Inc
- Assets
- $1.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 29
- Location
- Fort Lauderdale, FL
- Founding
- 12/1996
- Data as of
- 06/2021
- EIN
- 65-0683159
Organization Overview
University Of Fort Lauderdale Inc is located in Fort Lauderdale, FL. The organization was established in 1996. As of 06/2021, University Of Fort Lauderdale Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Fort Lauderdale 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 Fort Lauderdale Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $2.1m during the year ending 06/2021. While expenses have increased by 10.6% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A PREMIER CHRISTIAN INSTITUTION OF HIGHER LEARNING EMPOWERING FUTURE LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BE A PREMIER CHRISTIAN INSTITUTION OF HIGHER LEARNING EMPOWERING FUTURE LEADERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry B Fernandez Directorchancellor | OfficerTrustee | 20 | $87,525 |
Ilona Holmes Presidentdirector | OfficerTrustee | 40 | $30,769 |
Brian Hankerson VP Finance | Officer | 20 | $0 |
Corcoran Burton Director | Trustee | 5 | $0 |
Margaret Bates Director | Trustee | 5 | $0 |
Patricia Morgan Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,642 |
| Related organizations | $0 |
| Government grants | $989,320 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,033,962 |
| Total Program Service Revenue | $1,069,827 |
| 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 | $2,272,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $224,224 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $879,555 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $74,855 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $354,182 |
| Advertising and promotion | $3,138 |
| Office expenses | $37,257 |
| Information technology | $13,971 |
| Royalties | $0 |
| Occupancy | $63,561 |
| Travel | $27,387 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,214 |
| Insurance | $78,931 |
| All other expenses | $186,057 |
| Total functional expenses | $2,067,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,429 |
| Savings and temporary cash investments | $425,791 |
| Pledges and grants receivable | $43,364 |
| Accounts receivable, net | $232,280 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,333 |
| Inventories for sale or use | $11,900 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $136,436 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $161,111 |
| Total assets | $1,029,644 |
| Accounts payable and accrued expenses | $30,638 |
| 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 | $428,243 |
| Total liabilities | $458,881 |
| Net assets without donor restrictions | $570,763 |
| 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 | $1,029,644 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Torah Ore Seminary Boca Raton, FL | $918,735 | $2,621,229 |
University Of Fort Lauderdale Inc Fort Lauderdale, FL | $1,029,644 | $2,272,034 |
Andersonville Baptist Seminary Inc Camilla, GA | $978,423 | $1,014,334 |
Birmingham Theological Seminary Birmingham, AL | $845,426 | $757,824 |
Florida School Of Preaching Lakeland, FL | $1,032,419 | $575,463 |
Griffith Theological Research Foundation Inc Decatur, GA | $5,071,914 | $307,512 |
American University Of Biblical Studies Inc Douglasville, GA | $114,085 | $0 |
Logos University Inc Ocala, FL | $458,116 | $184,757 |
Florida Center For Theological Studies Inc West Palm Beach, FL | $46,913 | $0 |