Overview
What is University Of North Florida Financing Corporation Inc?
University of North Florida Financing Corporation Inc is a nonprofit organization based at 1 UNF DR Hicks Hall 2900, Jacksonville, Florida, 32224. Established to support the University of North Florida, it provides financing for capital projects that cannot be fully funded through state appropriations. The corporation manages and administers property and makes expenditures exclusively for the benefit of the university.
Official website here: www.unf.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The University Of North Florida Financing Corporation Inc has earned a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. With an overall score of 81%, the organization demonstrates strong governance practices, boasting 83% independent board members and full points for its financial statement audit.
Strengths of the corporation include a high program expense ratio of 99.77%, which suggests that nearly all of its funds are directed toward its mission-related activities. Additionally, it has a robust set of policies in place, including conflict of interest and whistleblower policies, which contribute to its transparency and accountability.
However, while the organization has performed well in many key areas, the rating does not delve into qualitative aspects such as program effectiveness or community impact, which would provide a fuller picture of its overall performance and influence. Overall, it stands out positively in terms of governance and financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is University Of North Florida Financing Corporation Inc legitimate?
University Of North Florida Financing Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of North Florida Financing Corporation 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: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.unf.edu
What is the mission statement of University Of North Florida Financing Corporation Inc?
The University of North Florida Financing Corporation exists to manage and administer property and funds, making expenditures for the sole benefit of the University of North Florida. Its primary role is to provide financing for university capital projects that cannot be fully funded through state appropriations. By doing so, it supports the overall growth and development of the university. The corporation functions as a vital partner to the institution, enabling it to expand its capabilities and improve its infrastructure. This collaboration enhances the University of North Florida's ability to provide quality education and research opportunities for its students and community.
Official website here: www.unf.edu
Who is the CEO of University Of North Florida Financing Corporation Inc?
Scott Bennett is the Chairperson of University Of North Florida Financing Corporation Inc.
Official website here: www.unf.edu
What is the revenue of University Of North Florida Financing Corporation Inc?
University Of North Florida Financing Corporation Inc's revenue in 2023 was $11,879,731.
Official website here: www.unf.edu
Who are the executives of University Of North Florida Financing Corporation Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $295,167
- Other: $100,856
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $339,586
- Other: $121,584
- Compensation: $0
- Related: $179,447
- Other: $53,955
Official website here: www.unf.edu
Where can I find the form 990 for University Of North Florida Financing Corporation Inc?
University Of North Florida Financing Corporation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.unf.edu
Learn more at the official website: www.unf.edu
Mission Statement of University Of North Florida Financing Corporation Inc
University of North Florida Financing Corporation Inc, also known as UNFFC, was established with a unique mission to support the University of North Florida (UNF) by managing and administering property and making expenditures for its exclusive benefit. The corporation's primary role is to provide financing for UNF capital projects, which cannot be fully funded through state appropriations alone.
In simple terms, UNFFC acts as a financial intermediary for UNF, enabling the university to undertake essential projects without being solely reliant on state funding. Through receiving, holding, and administering property, as well as making expenditures, UNFFC plays a vital role in enhancing the University of North Florida's infrastructure and overall development. This mission is crucial for ensuring the University maintains a high standard of education, research, and community engagement.
By assuming financial responsibilities for UNF's capital projects, UNFFC enables the university to focus on its core academic and research objectives while ensuring the necessary resources are in place to support its growth and expansion. The corporation's mission is pivotal in bridging the gap between the university's financial needs and the resources available through state appropriations. This essential partnership allows UNF to continue its mission of providing quality education, innovative research, and community engagement for its students and the wider community.
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Impact
October, 2024
The University of North Florida Financing Corporation Inc plays a crucial role in supporting the University of North Florida by providing essential financing for capital projects that cannot be funded solely through state appropriations. By effectively administering and holding property, the corporation ensures that the university can undertake various developments and improvements that enhance educational facilities and resources. This facilitates a better learning environment for students and supports the overall mission of the university to provide quality education. Additionally, its financial contributions allow UNF to expand its infrastructure, which is vital for accommodating growing student populations and advancing academic programs. Through its activities, the corporation directly impacts the educational landscape in Jacksonville, contributing to the university’s capacity to serve its community and fulfilling its mission effectively.
This information is meant to be a general summary of University Of North Florida Financing Corporation 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 2023.
- Investment Income: $1,655
- Program Service Revenue: $11,878,076
- Gross Receipts: $11,879,731
Assets and Liabilities:
- Total Assets: $174,264,032
- Total Liabilities: $199,454,522
- Net Assets: -$25,190,490
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE PROGRAM SERVICE REVENUE
Revenue
$11,833,076
ADMINISTRATIVE FEES
Revenue
$45,000
Organization Details
Founding Year
2005
Phone
(904) 620-5137Principal Officer
Scott Bennett
Main Address
1 UNF DR HICKS HALL 2900, JACKSONVILLE, FL, 322247699
Website
www.unf.eduNTEE Category
Code: B114 - Education
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