Overview
What is Florida International University Foundation Inc?
The Florida International University Foundation is a charitable organization headquartered in Miami, Florida, with the address 11200 SW 8th ST MARC 531. Their primary focus is to gather financial support for Florida International University (FIU), aiming to enhance its status as a leading urban public research university. Their mission involves encouraging, soliciting, and administering charitable donations to FIU for scientific, educational, and charitable purposes. The foundation's funds contribute to the university's diverse student population, exceptional faculty, groundbreaking research, modern facilities, and collaborative engagement with local and global communities. The organization is governed by a board of directors, who significantly contribute their time, leadership, and financial resources to further FIU's educational, cultural, and economic impact.
Official website here: www.give.fiu.edu/business-governance/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Florida International University Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The foundation's overall score is derived entirely from its accountability and finance metrics, which have been meticulously evaluated to showcase their robust governance and financial practices.
Key strengths include an independent board composed of 93% members, comprehensive financial oversight, and policies that ensure transparency and ethical conduct. The foundation has a solid program expense ratio of 74.13%, indicating that a significant portion of its resources is directed towards its programs, while the fundraising efficiency ratio of $0.12 highlights effective fundraising strategies.
Despite the high scores in various metrics, the foundation maintains a low liabilities to assets ratio of 1.68%, showcasing its financial stability. These strengths position the Florida International University Foundation as a reliable nonprofit organization that prioritizes responsible financial management and effective program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Florida International University Foundation Inc legitimate?
Florida International University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida International University Foundation Inc 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: $75,000
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.give.fiu.edu/business-governance/
What is the mission statement of Florida International University Foundation Inc?
The Florida International University Foundation Inc exists to raise and manage funds for scientific, educational, and charitable purposes that support Florida International University (FIU) and its objectives. The organization solicits and administers gifts and bequests of property and funds to advance FIU's mission. A board of directors plays a significant role in the development of the university, contributing their time, leadership, and financial resources to further its goals. Through their involvement, the foundation's mission is instrumental in transforming FIU into a major educational, cultural, and economic resource.
Official website here: www.give.fiu.edu/business-governance/
Who is the CEO of Florida International University Foundation Inc?
Humberto Cabanas is the Chair, Long-Term Strategic Planning Com of Florida International University Foundation Inc. The CEO's salary of Florida International University Foundation Inc is $0 and their total compensation is $533,735.
Official website here: www.give.fiu.edu/business-governance/
What is the revenue of Florida International University Foundation Inc?
Florida International University Foundation Inc's revenue in 2022 was $69,597,402.
Official website here: www.give.fiu.edu/business-governance/
Who are the executives of Florida International University Foundation Inc and what are their salaries?
Here are 51 key members and their salaries (Florida International University Foundation Inc's CEO's salary is $0 and their total compensation is $533,735):
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- Other: $21,048
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- Related: $190,556
- Other: $24,587
Official website here: www.give.fiu.edu/business-governance/
Where can I find the form 990 for Florida International University Foundation Inc?
Florida International University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.give.fiu.edu/business-governance/
Learn more at the official website: www.give.fiu.edu/business-governance/
Mission Statement of Florida International University Foundation Inc
The Florida International University Foundation Inc is a charitable organization dedicated to encouraging, soliciting, receiving, and administering gifts and bequests of property and funds for scientific, educational purposes, all in support of Florida International University (FIU) and its objectives. The organization, governed by a board of directors, plays a significant role in the development of the university as a major educational, cultural, and economic resource.
Through the involvement of the directors and their contribution of time, leadership, and financial resources, the Florida International University Foundation Inc advances the mission of FIU. By raising funds for scientific and educational purposes, the foundation supports the growth and development of the university, enhancing its ability to provide quality education and make strides in various fields of research.
In essence, the Florida International University Foundation Inc acts as a bridge between potential donors and FIU, facilitating the transfer of resources that contribute to the university's progress in achieving its goals. The organization's efforts, led by its board of dedicated individuals, help ensure the continued success and expansion of Florida International University.
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Impact
October, 2024
Florida International University Foundation Inc actively promotes the advancement of education and research at Florida International University (FIU) by soliciting and administering gifts and bequests. Through its efforts, the foundation supports a diverse range of initiatives aimed at enhancing the academic environment, fostering innovation, and encouraging collaboration, both locally and globally.
By providing essential funding for scholarships, exceptional faculty, cutting-edge research, and modern facilities, the foundation plays a crucial role in helping FIU achieve its mission of becoming a leading urban public research university. These contributions not only enhance student learning experiences but also ensure that FIU remains an important educational, cultural, and economic resource in the Miami community and beyond.
The foundation is governed by a dedicated board of directors whose involvement significantly impacts the university's development. Their leadership and financial resources help advance the institution's objectives, ultimately benefiting the diverse student population and fostering an atmosphere of excellence in education and research.
This information is meant to be a general summary of Florida International University Foundation Inc. 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: $26,193,188
- Gross Receipts: $221,991,505
Assets and Liabilities:
- Total Assets: $421,867,063
- Total Liabilities: $9,167,265
- Net Assets: $412,699,798
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Organization Details
Founding Year
1969
Phone
(305) 348-3758Principal Officer
Humberto Cabanas
Main Address
11200 SW 8TH ST MARC 531, MIAMI, FL, 331992516
NTEE Category
Code: B110 - Education
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