University Of Fort Lauderdale Inc
- Assets
- $761.9k
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 29
- Location
- Fort Lauderdale, FL
- Founding
- 12/1996
- Data as of
- 06/2022
- EIN
- 65-0683159
Organization Overview
University Of Fort Lauderdale Inc is located in Fort Lauderdale, FL. The organization was established in 1996. As of 06/2022, 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 06/2022, University Of Fort Lauderdale Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $3.3m during the year ending 06/2022. While expenses have increased by 16.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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
STUDENT SERVICES WHICH INCLUDE EDUCATIONAL PROGRAMS AS WELL AS ATHLETIC PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry B Fernandez Chancellor/trustee | OfficerTrustee | 20 | $103,846 |
Margaret Bates Trustee | Trustee | 2 | $0 |
Cocoran Burton Trustee | Trustee | 5 | $0 |
Patricia Morgan Trustee & Chair | OfficerTrustee | 2 | $0 |
Willie Gary Trustee | Trustee | 2 | $0 |
Brian Hankerson VP Fianance | Officer | 16 | $19,846 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $428,079 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,208,947 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,637,026 |
| Total Program Service Revenue | $1,545,376 |
| 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 | $8,319 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,324,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $208,754 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $152,939 |
| Compensation of current officers, directors, key employees. | $107,884 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,533,296 |
| 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 | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,447 |
| Advertising and promotion | $25,095 |
| Office expenses | $17,593 |
| Information technology | $30,100 |
| Royalties | $0 |
| Occupancy | $150,367 |
| Travel | $345,180 |
| 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 | $11,000 |
| Depreciation, depletion, and amortization | $63,329 |
| Insurance | $92,000 |
| All other expenses | $122,107 |
| Total functional expenses | $3,286,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,347 |
| Savings and temporary cash investments | $7,061 |
| Pledges and grants receivable | $83,364 |
| Accounts receivable, net | $319,227 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,900 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $165,421 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $167,530 |
| Total assets | $761,850 |
| Accounts payable and accrued expenses | $109,239 |
| 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 | $7,948 |
| Total liabilities | $117,187 |
| Net assets without donor restrictions | $644,663 |
| 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 | $761,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Fort Lauderdale Inc Fort Lauderdale, FL | $761,850 | $3,324,876 |
Torah Ore Seminary Boca Raton, FL | $1,536,496 | $3,590,865 |
Andersonville Baptist Seminary Inc Camilla, GA | $615,811 | $904,056 |
Birmingham Theological Seminary Birmingham, AL | $698,787 | $830,358 |
Florida School Of Preaching Lakeland, FL | $1,585,831 | $969,197 |
Griffith Theological Research Foundation Inc Decatur, GA | $5,054,537 | $323,065 |
Logos University Inc Ocala, FL | $583,899 | $171,877 |
American University Of Biblical Studies Inc Douglasville, GA | $0 | $0 |
Florida Center For Theological Studies Inc West Palm Beach, FL | $46,913 | $0 |