Florida International University Research Foundation Incorporated
- Assets
- $365.4k
- Revenue
- $285.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 09/1999
- Data as of
- 06/2022
- EIN
- 65-0837916
Organization Overview
Florida International University Research Foundation Incorporated is located in Miami, FL. The organization was established in 1999. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida International University Research Foundation Incorporated 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 International University Research Foundation Incorporated generated $285.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.5% each year . All expenses for the organization totaled $23.7k during the year ending 06/2022. While expenses have increased by 2.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FIU RESEARCH FOUNDATION PROVIDES MEANS BY WHICH DISCOVERIES, INVENTIONS, PROCESSES, AND WORK PRODUCTS OF FACULTY, STAFF AND STUDENTS OF THE UNIVERSITY MAY BE PATENTED, DEVELOPED, APPLIED AND UTILIZED IN ORDER THAT THE RESULTS OF SUCH RESEARCH SHALL BE MADE AVAILABLE TO THE PUBLIC AND THAT FUNDS BE MADE AVAILABLE FROM SUCH DISCOVERIES, INVENTIONS, PROCESSES, AND WORK PRODUCTS FOR FURTHER RESEARCH AT FLORIDA INTERNATIONAL UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FIU RESEARCH FOUNDATION (FOUNDATION) IS A FLORIDA NOT-FOR-PROFIT, A DIRECT SUPPORT ORGANIZATION AND A COMPONENT UNIT OF FLORIDA INTERNATIONAL UNIVERSITY (FIU) ORGANIZED FOR EDUCATION AND SCIENTIFIC PURPOSES. THE FOUNDATION PROVIDES SPONSORED RESEARCH, TRAINING, PUBLIC SERVICE CONTRACTS AND GRANTS IN THE US AND ABROAD PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andres G Gil President/chairman | OfficerTrustee | 1 | $0 |
Juan C Cendan Vice President | Officer | 1 | $0 |
Michael Heithaus Vice President | Officer | 1 | $0 |
Howard R Lipman Secretary | Officer | 1 | $0 |
Aime Martinez Treasurer | Officer | 1 | $0 |
John Volakis Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $284,973 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $285,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $285,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $5,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,289 |
| Advertising and promotion | $0 |
| Office expenses | $222 |
| Information technology | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $23,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,383 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $365,383 |
| Accounts payable and accrued expenses | $1,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $1,000 |
| 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 | $364,383 |
| Total liabilities and net assets/fund balances | $365,383 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Florida International University Research Foundation Incorporated has recieved totaling $33.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $33 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Academy Of Inventors Inc Tampa, FL | $3,256,382 | $1,596,737 |
Science Atl Inc Decatur, GA | $783,447 | $966,466 |
Unlab Inc Savannah, GA | $216,434 | $937,058 |
Florida Fruit & Vegetable Research & Education Foundation Inc Maitland, FL | $1,350,511 | $548,670 |
The Citizen Scientists League Inc Sarasota, FL | $360,998 | $531,918 |
Decatur Makers Inc Decatur, GA | $135,531 | $284,553 |
Georgia Youth Science & Technology Center Inc Carrollton, GA | $130,949 | $181,950 |
Florida Academy Of Sciences Inc Melbourne, FL | $922,377 | $87,060 |
Florida Artificial Intelligence Research Soc Coral Gables, FL | $115,652 | $0 |
Florida International University Research Foundation Incorporated Miami, FL | $365,383 | $285,000 |
Council For Nail Disorders Inc Johns Creek, GA | $35,097 | $0 |
Share Science Inc Orlando, FL | $254,253 | $0 |