Overview
What is Usf Financing Corporation?
Usf Financing Corporation is a nonprofit organization based in Tampa, Florida, that manages and holds the title to the debt of various facilities belonging to the University of South Florida's Housing, Student Center, and Athletics auxiliary units. These facilities include multiple residence halls, a parking garage, a student center, and athletics facilities. The organization was formed to benefit the University of South Florida, as outlined in Florida Statutes, and supports its educational mission by providing access to these facilities for the public, students, faculty, and staff. As of June 30, 2022, the outstanding debt related to these units totaled $230,829,425.
Official website here: www.usf.edu/treasurer
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Stars
Usf Financing Corporation has received an 81% rating from Charity Navigator, reflecting a solid Three-Star designation. This score is based solely on Accountability & Finance, indicating that the organization meets a commendable standard in these areas. The evaluation reveals strong governance practices, including a board composed of 66% independent members and a comprehensive set of policies for conflict of interest, whistleblower protections, and document retention.
The organization performs exceptionally well in financial management, evidenced by a program expense ratio of 95.68%. This high ratio suggests that the majority of its resources are directed towards its programs rather than administrative costs. Furthermore, there are no reported material diversions of assets, indicating a strong level of financial integrity and oversight.
While the charity demonstrates strengths primarily in accountability and finance, the lack of additional ratings or information in other categories may limit a more comprehensive view of its overall impact and effectiveness. Nonetheless, the available data points to a well-managed organization committed to transparency and accountability in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Usf Financing Corporation legitimate?
Usf Financing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Usf Financing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.usf.edu/treasurer
What is the mission statement of Usf Financing Corporation?
The Usf Financing Corporation is a organization established with the primary goal of managing and investing property to benefit the University of South Florida (USF). Operating as a direct support organization for USF under Florida Statutes Section 1004.28, the Corporation's mission is to support USF's educational objectives by constructing and providing facilities for the university's use. These facilities are accessible to the public, students, faculty, and staff, enabling them to engage in USF's educational pursuits effectively. The Corporation's activities are geared towards enhancing and furthering the educational mission of the University of South Florida.
Official website here: www.usf.edu/treasurer
Who is the CEO of Usf Financing Corporation?
Unavailable
Official website here: www.usf.edu/treasurer
What is the revenue of Usf Financing Corporation?
Usf Financing Corporation's revenue in 2022 was $17,504,917.
Official website here: www.usf.edu/treasurer
Who are the executives of Usf Financing Corporation and what are their salaries?
There 5 volunteers at Usf Financing Corporation.
Here are 13 key members and their salaries:
- 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: $270,799
- Other: $21,522
- Compensation: $0
- Related: $511,423
- Other: $24,957
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,133,447
- Other: $35,188
- Compensation: $0
- Related: $119,960
- Other: $16,767
- Compensation: $0
- Related: $212,481
- Other: $30,478
- Compensation: $0
- Related: $179,620
- Other: $29,435
- Compensation: $0
- Related: $320,511
- Other: $21,055
- Compensation: $0
- Related: $302,741
- Other: $36,498
Official website here: www.usf.edu/treasurer
Where can I find the form 990 for Usf Financing Corporation?
Usf Financing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.usf.edu/treasurer
Learn more at the official website: www.usf.edu/treasurer
Mission Statement of Usf Financing Corporation
Usf Financing Corporation, a direct support organization of the University of South Florida, was established with the primary purpose of receiving, holding, investing, and administering property for the benefit of USF. In pursuit of this mission, the Corporation constructs and provides facilities for the University, enabling it to effectively carry out its educational purposes. By doing so, Usf Financing Corporation extends access to these facilities to various stakeholders, including members of the public, students, faculty, and staff, thereby bolstering USF's educational initiatives. The organization is an exclusive entity dedicated to supporting the University's mission, working in harmony to create an enriching learning environment and contribute to the academic growth of its community.
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Impact
October, 2024
Usf Financing Corporation plays a crucial role in enhancing the educational environment at the University of South Florida by managing and investing in key facilities that support students, faculty, and staff. By holding the title and managing outstanding debt for various facilities, including residence halls, a student center, and athletic facilities, the corporation ensures that these essential resources are available and well-maintained.
With an outstanding debt of $230,829,425 as of June 30, 2022, the corporation effectively manages financial responsibilities while contributing to the university's mission. By constructing and providing access to essential facilities, it fosters a positive educational experience and environment for all members of the USF community. This support not only aids in meeting the immediate needs of the university but also helps cultivate a vibrant campus life, enriching the overall academic and social experience for students and faculty alike. Through its dedicated efforts, Usf Financing Corporation significantly impacts the growth and success of the University of South Florida.
This information is meant to be a general summary of Usf Financing 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: $64,522
- Program Service Revenue: $17,440,395
- Gross Receipts: $17,504,917
Assets and Liabilities:
- Total Assets: $360,205,097
- Total Liabilities: $338,378,808
- Net Assets: $21,826,289
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
University of South Florida Lease Revenue
Revenue
$12,548,520
University Medical Service Association Revenue
Revenue
$1,976,968
USF Health Professions Conferencing Corporation
Revenue
$381,740
USF Research Foundation
Revenue
$988,788
Change in Equity Investment
Revenue
$1,544,379
Organization Details
Founding Year
2005
Phone
(813) 974-3298Main Address
4202 East Fowler Avenue CSG 301, Tampa, FL, 336204301
Website
www.usf.edu/treasurerNTEE Category
Code: B900 - Education
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