Florida Gulf Coast University Financing Corporation

Organization Overview

Florida Gulf Coast University Financing Corporation is located in Fort Myers, FL. The organization was established in 2003. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Gulf Coast University Financing Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Florida Gulf Coast University Financing Corporation generated $19.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $15.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION WAS ESTABLISHED TO RECEIVE, HOLD, INVEST, AND ADMINISTER PROPERTY AND TO MAKE EXPENDITURES TO OR FOR THE EXCLUSIVE BENEFIT OF FGCU OR A RESEARCH AND DEVELOPMENT PARK OR RESEARCH AND DEVELOPMENT AUTHORITY AFFILIATED WITH THE UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONTRACT FOR THE DESIGN AND CONSTRUCTION OF STUDENT RESIDENTIAL HOUSING AND RELATED PARKING. ISSUES BOND DEBT TO FINANCE SUCH CONSTRUCTION. ALSO THE PAYMENT OF VARIOUS OTHER SUPPORT FEES OF THE UNIVERSITY.


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Board, Officers & Key Employees

Name (title)Compensation
Larry Hart
Directortreasurer
$0
Stephen Mcintosh
Directorsecretary
$0
Joseph Catti
Directorchairman
$0
Richard Eide
Director
$0
Martin Wasmer
Director
$0
James Knupp
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$19,051,613
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$19,051,613
Total Program Service Revenue$0
Investment income $275,709
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $19,327,322

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Florida Gulf Coast University Financing Corporation has recieved totaling $5,500.

Awarding OrganizationAmount
Cape Coral Rotary Foundation Inc

Cape Coral, FL

PURPOSE: SCHOLARSHIPS

$5,500
View Grant Recipient Profile

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