Overview
What is Florida Memorial University Inc?
Florida Memorial University Inc, based in Miami Gardens, Florida, is a higher education institution with a student body of approximately 928. They are dedicated to fostering global citizens through a commitment to lifelong learning, leadership, character development, and community service. With a team of 414 employees, the university offers student services and activities that enhance the academic experience beyond the classroom. Florida Memorial University's mission extends beyond education, instilling essential values to prepare students for personal growth and positive impacts on others' lives.
Official website here: www.fmuniv.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
Florida Memorial University Inc has received a Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization’s high score reflects its commitment to transparency and good governance, with an independent board consisting entirely of 21 members and no material diversion of assets reported.
The organization excels in various financial metrics, including a low liabilities to assets ratio of 12.88% and a program expense ratio of 68.98%, suggesting that a significant portion of its funding goes directly towards its programs. Additionally, Florida Memorial University has established robust policies, including conflict of interest and whistleblower policies, which further enhance its accountability framework.
While the overall rating is commendable, the focus on financial metrics may not capture other potential areas of impact or community engagement. Nonetheless, the organization's strong governance and financial integrity are clear strengths, making it a reliable choice for donors seeking to support educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Florida Memorial University Inc legitimate?
Florida Memorial University Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Memorial University 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: $1,274,152
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,671,336
For more financial information, click here
Official website here: www.fmuniv.edu
What is the mission statement of Florida Memorial University Inc?
Florida Memorial University Inc is dedicated to the pursuit of higher education. Their mission is to inspire students with the value of lifelong learning, leadership, character, and service. These principles aim to enrich not only the students' lives but also those of others. The institution offers various student services and activities to support its approximately 928 students in their academic journey.
Official website here: www.fmuniv.edu
Who is the CEO of Florida Memorial University Inc?
Rodney Sobelson is the President of Florida Memorial University Inc.
Official website here: www.fmuniv.edu
What is the revenue of Florida Memorial University Inc?
Florida Memorial University Inc's revenue in 2022 was $45,361,049.
Official website here: www.fmuniv.edu
Who are the executives of Florida Memorial University Inc and what are their salaries?
The average compensation at Florida Memorial University Inc during 2022 was $36,100. There are 414 employees at Florida Memorial University Inc.
Here are 34 key members and their salaries:
- Compensation: $285,000
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- Other: $0
- Compensation: $185,000
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- Other: $6,138
- Compensation: $140,000
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- Other: $4,673
- Compensation: $140,000
- Related: $0
- Other: $4,000
- Compensation: $125,000
- Related: $0
- Other: $9,162
- Compensation: $130,000
- Related: $0
- Other: $0
- Compensation: $115,000
- Related: $0
- Other: $9,701
- Compensation: $113,734
- Related: $0
- Other: $0
- Compensation: $108,710
- Related: $0
- Other: $4,673
- Compensation: $85,000
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Official website here: www.fmuniv.edu
Where can I find the form 990 for Florida Memorial University Inc?
Florida Memorial University Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fmuniv.edu
Learn more at the official website: www.fmuniv.edu
Mission Statement of Florida Memorial University Inc
Florida Memorial University Inc, a higher education institution, is dedicated to fostering in students the significance of becoming global citizens. This is accomplished through a commitment to life-long learning, leadership, character development, and community service. The university aspires to enhance not only the lives of its students but also those of others.
Through various student services programs, Florida Memorial University supports its approximately 928 students. These programs and activities are designed to surround students with the necessary resources and opportunities for growth. By instilling the values of learning, leadership, character, and service, the university equips its students to make a positive impact on the world.
Florida Memorial University's mission is more than just providing an education. It is about shaping the future leaders and global citizens of tomorrow. By fostering a learning environment that emphasizes personal growth and development, the university empowers its students to tackle the challenges of the world and contribute to making it a better place for all. With a strong focus on character development and community service, Florida Memorial University is committed to preparing its students to be well-rounded individuals who are ready to make a difference in the world.
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Impact
October, 2024
Florida Memorial University Inc plays a vital role in the higher education landscape by fostering student development and promoting global citizenship. With approximately 928 students, the university provides extensive support services and activities that enrich the student experience and encourage personal growth.
The institution is committed to instilling values of leadership, character, and service, preparing students to engage meaningfully with their communities and the world. Through its educational programs, Florida Memorial University enhances not only the lives of its students but also the broader community in Miami Gardens, Florida. The focus on lifelong learning empowers graduates to become informed and active participants in society, further amplifying the university's impact on future generations.
This information is meant to be a general summary of Florida Memorial University 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: $204,942
- Program Service Revenue: $24,169,403
- Gross Receipts: $45,361,049
Assets and Liabilities:
- Total Assets: $87,291,712
- Total Liabilities: $15,835,056
- Net Assets: $71,456,656
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition & Fees gross of student discounts & allowances
Revenue
$16,528,129
Auxiliary Enterprises
Revenue
$4,919,539
Lost revenue HEERF tuition fees room board
Revenue
$2,721,735
Organization Details
Founding Year
1862
Phone
(305) 430-0339Principal Officer
Rodney Sobelson
Main Address
15800 NW 42nd AVENUE, MIAMI GARDENS, FL, 330546155
Website
www.fmuniv.eduNTEE Category
Code: B420 - Education
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