Uwf Business Enterprises Inc
- Assets
- $6.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 1
- Location
- Pensacola, FL
- Founding
- 04/2012
- Data as of
- 06/2024
- EIN
- 32-0367342
Organization Overview
Uwf Business Enterprises Inc is located in Pensacola, FL. The organization was established in 2012. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uwf Business Enterprises Inc 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 06/2024, Uwf Business Enterprises Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (14.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
UWF BUSINESS ENTERPRISES, INC. (BEI) IS A DIRECT SUPPORT ORGANIZATION THAT BUILDS AND MANAGES PUBLIC-PRIVATE PARTNERSHIPS IN ORDER TO CREATE NEW SERVICES AND BUSINESSES TO SUPPORT THE CAMPUS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD SERVICE CONTRACT - OFFERS A RANGE OF INNOVATIVE, NUTRITIOUS DINING OPTIONS FOR THE CAMPUS COMMUNITY, COMBINING THE VALUE AND RESOURCES OF A GLOBAL FOOD SERVICES NETWORK WITH THE ON-SITE EXPERTISE OF LOCAL MANAGERS.BOOKSTORE CONTRACT - COURSE MATERIALS AND DISTRIBUTION MODEL THAT EMBRACES TECHNOLOGY, AFFORDABILITY, AND EQUITY ALLOWING FOR GREATER RETENTION, RECRUITMENT, STUDENT WELL-BEING AND ACCESSIBILITY. IT LEVELS THE PLAYING FIELD FOR ALL STUDENTS BY PROVIDING ALL REQUIRED COURSE MATERIALS TO STUDENTS FOR ONE EQUAL PRICE TO ALL STUDENTS ON AN OPT-OUT BASIS BILLED TO THEIR STUDENT ACCOUNT. INSTRUCTORS HAVE COMPLETE ACADEMIC FREEDOM TO SELECT WHATEVER MATERIALS ARE BEST FOR STUDENT LEARNING IN THEIR COURSE.THE UNIVERSITY SERVES A STUDENT POPULATION OF ABOUT 14,343.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Ray Jones Chairman | OfficerTrustee | 0.1 | $0 |
Betsy Bowers Secretary-Treasurer | OfficerTrustee | 0.1 | $0 |
Richard R Baker Vice Chair As Of February 2024 | OfficerTrustee | 0.1 | $0 |
Robert Sires Vice Chair Until February 2024 | OfficerTrustee | 0.1 | $0 |
Dr Frank Ranelli CEO | Officer | 40 | $127,981 |
Dr Chula King Former Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25 |
| Total Program Service Revenue | $1,224,894 |
| Investment income | $37,293 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $234,742 |
| Net Gain/Loss on Asset Sales | $231,161 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,728,467 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $172,561 |
| Compensation of current officers, directors, key employees. | $172,561 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,917 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $696,828 |
| Advertising and promotion | $0 |
| Office expenses | $3,480 |
| Information technology | $1,436 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,272 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,384 |
| Insurance | $161 |
| All other expenses | $0 |
| Total functional expenses | $1,022,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,660 |
| Savings and temporary cash investments | $1,081,787 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,094 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,853 |
| Net Land, buildings, and equipment | $3,244,614 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,175,422 |
| Total assets | $6,851,430 |
| Accounts payable and accrued expenses | $8,068 |
| Grants payable | $0 |
| Deferred revenue | $9,323,969 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $140,418 |
| Total liabilities | $9,472,455 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$2,621,025 |
| Total liabilities and net assets/fund balances | $6,851,430 |