Overview
What is University Of Florida Investment Corporation?
The University of Florida Investment Corporation, situated in Gainesville, Florida, serves a crucial role in supporting the educational objectives of the University of Florida. This nonprofit organization provides investment research, advice, counsel, and management to the University of Florida and four affiliated organizations. With a mission to promote education, the corporation manages assets worth approximately $4.5 billion on behalf of these organizations, all of which align with the educational purposes of the University of Florida and are classified as 501(c)(3) organizations under the Internal Revenue Code. The corporation operates with a dedicated workforce of 12 individuals.
Official website here: www.ufico.ufl.edu
Is University Of Florida Investment Corporation legitimate?
University Of Florida Investment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Florida Investment Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,263,702
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,640,644
For more financial information, click here
Official website here: www.ufico.ufl.edu
What is the mission statement of University Of Florida Investment Corporation?
The University of Florida Investment Corporation's mission is centered around promoting the educational objectives of the University of Florida. It accomplishes this by offering investment research, advice, counsel, and management to the University of Florida Board of Trustees and any affiliated corporations that the board designates. These designated organizations must further the educational purposes of the University of Florida and fall under Section 501(c)(3) of the Internal Revenue Code. The corporation's role is instrumental in supporting the educational growth and development of the University of Florida and its affiliates.
Official website here: www.ufico.ufl.edu
Who is the CEO of University Of Florida Investment Corporation?
Edward Kelly is the Board Member of University Of Florida Investment Corporation.
Official website here: www.ufico.ufl.edu
What is the revenue of University Of Florida Investment Corporation?
University Of Florida Investment Corporation's revenue in 2022 was $6,286,501.
Official website here: www.ufico.ufl.edu
Who are the executives of University Of Florida Investment Corporation and what are their salaries?
The average compensation at University Of Florida Investment Corporation during 2022 was $408,696. There are 12 employees at University Of Florida Investment Corporation.
Here are 20 key members and their salaries:
- Compensation: $0
- Related: $460,270
- Other: $133,270
- Compensation: $0
- Related: $1,720,505
- Other: $54,689
- Compensation: $0
- Related: $746,768
- Other: $147,383
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $822,376
- Other: $36,813
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,484,866
- Related: $0
- Other: $271,733
- Compensation: $503,163
- Related: $0
- Other: $100,294
- Compensation: $740,145
- Related: $0
- Other: $141,361
- Compensation: $479,991
- Related: $0
- Other: $97,708
- Compensation: $478,288
- Related: $0
- Other: $109,891
- Compensation: $484,869
- Related: $0
- Other: $109,531
- Compensation: $201,061
- Related: $0
- Other: $67,240
Official website here: www.ufico.ufl.edu
Where can I find the form 990 for University Of Florida Investment Corporation?
University Of Florida Investment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ufico.ufl.edu
Learn more at the official website: www.ufico.ufl.edu
Mission Statement of University Of Florida Investment Corporation
The University of Florida Investment Corporation, in its mission, aims to foster the educational objectives of the University of Florida. This is accomplished by offering investment research, advice, counsel, and management to the University of Florida Board of Trustees and any affiliated corporations designated by them, as long as these organizations align with the educational purposes of the University of Florida and fall under Section 501(c)(3) of the Internal Revenue Code. This non-profit organization's role is instrumental in promoting the educational growth and development of the University of Florida and its affiliates, contributing to their financial stability and success.
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Impact
October, 2024
The University of Florida Investment Corporation (UFIC) plays a critical role in enhancing the educational mission of the University of Florida and its affiliated organizations. By providing comprehensive investment research, advice, and management services, UFIC effectively manages a substantial portfolio of assets amounting to approximately $4.48 billion. This stewardship of resources supports not only the university's immediate financial needs but also its long-term goals, ensuring sustained growth and stability.
UFIC’s efforts facilitate the allocation of financial resources to initiatives that advance education, research, and community engagement at the university. By aligning investment strategies with the university's educational purposes, UFIC contributes to building a robust financial foundation that empowers the University of Florida to enhance its academic programs, improve facilities, attract and retain talented faculty, and provide scholarships to students. Through these activities, UFIC directly impacts the overall quality of education and student experience at the University of Florida, fostering an environment that promotes learning and innovation.
This information is meant to be a general summary of University Of Florida Investment Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,428
- Program Service Revenue: $6,283,073
- Gross Receipts: $6,286,501
Assets and Liabilities:
- Total Assets: $8,667,146
- Total Liabilities: $8,591,528
- Net Assets: $75,618
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$6,283,073
Organization Details
Founding Year
2004
Phone
(352) 392-1693Principal Officer
Edward Kelly
Main Address
800 SW 2ND AVENUE 300, GAINESVILLE, FL, 32601
Website
www.ufico.ufl.eduNTEE Category
Code: B024 - Education
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