Florida Agricultural & Mechanical Univ Foundation Inc

Organization Overview

Florida Agricultural & Mechanical Univ Foundation Inc is located in Tallahassee, FL. The organization was established in 1967. 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. Florida Agricultural & Mechanical Univ Foundation 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 06/2022, Florida Agricultural & Mechanical Univ Foundation Inc generated $45.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $15.7m during the year ending 06/2022. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 FOUNDATION'S PURPOSE IS TO AID IN THE ADVANCEMENT OF THE FLORIDA AGRICULTURAL AND MECHANICAL UNIVERSITY'S OBJECTIVES AND PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

UNIVERSITY SUPPORT INCLUDES EXPENSES INCURRED FOR RECEIPT AND ADMINISTRATION OF FUNDS IN SUPPORT OF THE SCHOOLS, COLLEGES, INSTITUTES, UNITS AND PROGRAMS OF FLORIDA A&M UNIVERSITY, TO INCLUDE, BUT NOT LIMITED TO GUEST SPEAKERS, CONFERENCE AND OPERATIONAL EXPENSES, TRAVEL, EVENTS AND CONSULTING SERVICES. UNIVERSITY SUPPORT ALSO INCLUDES FACULTY AND STAFF SUPPORT INCLUDING, BUT NOT LIMITED TO, SALARIES, TRAVEL, PROFESSIONAL DEVELOPMENT TRAINING AND SEMINARS/CONFERENCES FOR THE UNIVERSITY'S ENDOWED CHAIRS, PROFESSORSHIPS, AND ADJUNCT FACULTY AND STAFF.


SCHOLARSHIPS AND GRANTS INCLUDE CHARGES FOR TUITION FEES, ROOM AND BOARD, BOOKS AND STIPENDS FOR SCHOLARS IN VARIOUS ACADEMIC DISCIPLINES.


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Board, Officers & Key Employees

Name (title)Compensation
Larry Robinson
Univ. President
$235,824
Jemal O Gibson
Chair
$0
W Rebbecca Brown
Treasurer
$0
Erica D Hill
Secretary
$0
Shawnta Friday-Stroud PHD
Executive Dir.
$0
Lisa R Laboo
Vice Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Metz Culinary Management
Food/catering Services
$316,493
The Mcconnell Group
Consulting Covid Lab Supp
$452,166
Ram Construction & Development Llc
Construction
$216,898
Snapmed Tech Inc
Covid Test Site Staffing
$133,668
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$752,567
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$26,882,279
Noncash contributions included in lines 1a–1f $190,479
Total Revenue from Contributions, Gifts, Grants & Similar$27,634,846
Total Program Service Revenue$0
Investment income $597,053
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $67,042
Net Gain/Loss on Asset Sales $13,509,605
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $45,594,915

Grants Recieved

Over the last fiscal year, we have identified 25 grants that Florida Agricultural & Mechanical Univ Foundation Inc has recieved totaling $1,365,281.

Awarding OrganizationAmount
Bill & Melinda Gates Foundation

Seattle, WA

PURPOSE: RESEARCH AND LEARNING OPPORTUNITIES

$375,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$366,100
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$233,867
Strada Education Network Inc

Indianapolis, IN

PURPOSE: OPERATING GRANT

$119,500
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$66,304
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$66,304
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$118,997,187
Earnings-$9,215,224
Admin Expense$1,527,567
Net Contributions$5,642,514
Grants$2,419,617
Ending Balance$111,477,293

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