Cause IQ organization profile

Florida Gulf Coast University Financing Corporation

Florida Gulf Coast University Financing Corporation is a school foundation based in Fort Myers, FL that was founded in 2003. As of 2019 they had $19 million in revenue and $220 million in assets.

Florida Gulf Coast University Financing Corporation was incorporated on April 11, 2003, as a not-for-profit corporation under the provisions of Chapter 617, as a direct support organization of the University as defined by Florida Statutes Chapter 1004...

EIN:

11-3685135

City:

Fort Myers

State:

Florida

Metro:

Cape Coral-Fort Myers, FL

Website:

fgcu.edu

Founded:

2003

Type:

501(c)(3)

NTEE:

B11: Organizations supporting a single school or educational institution

Revenue:

$19,977,434

Assets:

$220,655,569

Employees:

Fiscal year end:

June

Revenue trends:

Asset trends:

Program areas at Florida Gulf Coast University Financing Corporation

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.

Form 990s for Florida Gulf Coast University Financing Corporation

Fiscal year ending	Date received by IRS	Form	PDF link
2019-06	Dec 4, 2019	990	View PDF
2018-06	Dec 22, 2018	990	View PDF
2017-06	Nov 20, 2017	990	View PDF
2016-06	Apr 18, 2017	990	View PDF
2015-06	Jan 28, 2016	990	View PDF
...and five more Form 990 PDFs

Financials for Florida Gulf Coast University Financing Corporation

Field	2019	2018	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$19,101,648	$18,622,396	2.6%
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$0	$0
<em>Non-cash contributions included in above</em>	$0	$0
Total grants, contributions, etc.	$19,101,648	$18,622,396	2.6%

Field	2019	2018	% Change
Total grants, contributions, etc.	$19,101,648	$18,622,396	2.6%
Program services	$0	$0
Investment income and dividends	$738,786	$509,440	45.0%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$0	$0
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$137,000	$0	999%
Total revenues	$19,977,434	$19,131,836	4.4%

Field	2019	2018	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$0	$0
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$0	$0
Pension/retirement accruals and contributions	$0	$0
Other employee benefits	$0	$0
Payroll taxes	$0	$0
Management fees	$0	$0
Legal fees	$0	$0
Accounting fees	$0	$0
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$0
Other fee-for-service	$0	$0
Advertising and promotion	$0	$0
Office expenses	$0	$0
Information tech. expenses	$0	$0
Royalty expenses	$0	$0
Occupancy	$0	$0
Travel	$0	$0
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$0	$0
Interest	$7,909,746	$8,189,921	-3.4%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$0	$0
Insurance	$161,454	$161,454	0%
All other expenses	$8,864,196	$10,544,414	-15.9%
Total expenses	$16,935,396	$18,895,789	-10.4%

Field	2019	2018	% Change
Cash (non-interest-bearing)	$435,873	$440,666	-1.1%
Savings, short-term investments, etc.	$0	$0
Pledges and grants receivable	$0	$0
Accounts receivable	$0	$0
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$0	$0
Buildings, equipment, etc. post-depreciation	$0	$0
Investments, publicly traded securities	$0	$0
Investments, other securities	$0	$0
Investments, program-related	$215,015,957	$222,224,462	-3.2%
Intangible assets	$0	$0
Other assets	$5,203,739	$53,807	9571.1%
Total assets	$220,655,569	$222,718,935	-0.9%

Field	2019	2018	% Change
Accounts payable and accrued expenses	$5,351,572	$3,602,973	48.5%
Grants payable	$0	$0
Deferred revenue	$429,365	$454,114	-5.4%
Tax-exempt bond liabilities	$176,815,918	$183,245,172	-3.5%
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$9,600,000	$10,000,000	-4%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$0	$0
Total liabilities	$192,196,855	$197,302,259	-2.6%

Field	2019	2018
Unrestricted net assets	$0	$0
Temporarily restricted net assets	$0	$0
Permanently restricted net assets	$0	$0

Vendors for Florida Gulf Coast University Financing Corporation

Vendor	Services	Date
Kimbia	Fundraising software	2020-03-03
███████ ███ ████	Fundraising software; Payment processing	2020-03-03
██████ ███ ███████ ██	Tax accounting	2019-09-25

Personnel at Florida Gulf Coast University Financing Corporation

Name	Title	Compensation	Most recent data
Gerard Carrington	Assistant Vice President and Chief Financial Officer	-	Nov. 1, 2017
Chris Simoneau	Vice President, University Advancement and Executive Director, Fgcu Foundation	-	Nov. 1, 2017
████ ██████	Director of Digital Communications	-	Nov. 1, 2017
████ ████	Senior Director of Development	-	Nov. 1, 2017
█████ ███████	Director of Donor Relations	-	Nov. 1, 2017
██████ ███████	Senior Director of Advancement	-	Nov. 1, 2017
███████ █████████	Director of Major Gifts	-	Nov. 1, 2017
██████ ████	Director, Events and Special Projects	-	Nov. 1, 2017
██████ ██████	Director of Athletic Advancement	-	Nov. 1, 2017
█████ ███████	Executive Direc	$0	Dec. 4, 2019
...and nine more key personnel

Peer organizations supporting a single school or educational institution

	Name	Type	Revenue	Location
1	Saving Sweet Briar	501(c)(3)	$14 million	Richmond, VA
2	BRCC Facilities Corporation	501(c)(3)	$5.2 million	Baton Rouge, LA
3	University of North Florida Financing Corporation	501(c)(3)	$11 million	Jacksonville, FL
4	Mater Academy Foundation	501(c)(3)	$6.9 million	Miami, FL
5	St Petersburg College Foundation	501(c)(3)	$6.1 million	St Petersburg, FL
6	University of Florida College of Pharmacy Faculty Practice Association	501(c)(3)	$8.5 million	Gainesville, FL
7	Florida State University International Programs Association	501(c)(3)	$15 million	Tallahassee, FL
8	The Hillsborough Community College Foundation	501(c)(3)	$9.1 million	Tampa, FL
9	The State College of Florida Foundation	501(c)(3)	$7.3 million	Bradenton, FL
10	Florida Gulf Coast University Foundation	501(c)(3)	$17 million	Fort Myers, FL
11	Golden Knights Corporation	501(c)(3)	$14 million	Orlando, FL
12	Daytona State College Foundation	501(c)(3)	$6.5 million	Daytona Beach, FL
13	Usf Financing Corporation	501(c)(3)	$56 million	Tampa, FL
14	College of Central Florida Foundation	501(c)(3)	$8.6 million	Ocala, FL
15	Northwest Florida State College Foundation	501(c)(3)	$5.2 million	Niceville, FL
16	Securing Assets for Education	501(c)(3)	$15 million	Moncks Corner, SC
17	Mr and MRS E H Sumners Foundation	501(c)(3)	$6.2 million	Jackson, MS
18	Lexington One School Facilities Corporation	501(c)(3)	$6.0 million	Lexington, SC
19	Case Alumni Foundation	501(c)(3)	$9.6 million	Cleveland, OH
20	TSTC Foundation	501(c)(3)	$25 million	Waco, TX
21	Kent State University Foundation	501(c)(3)	$35 million	Kent, OH
22	Trinity High School Foundation	501(c)(3)	$10 million	Louisville, KY
23	Oswego College Foundation	501(c)(3)	$6.4 million	Oswego, NY
24	Albany State University Foundation	501(c)(3)	$5.4 million	Albany, GA
25	Western Kentucky University Research Foundation	501(c)(3)	$14 million	Bowling Green, KY

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Cause IQ organization profile

Florida Gulf Coast University Financing Corporation

Program areas at Florida Gulf Coast University Financing Corporation

Form 990s for Florida Gulf Coast University Financing Corporation

Financials for Florida Gulf Coast University Financing Corporation

Vendors for Florida Gulf Coast University Financing Corporation

Personnel at Florida Gulf Coast University Financing Corporation

Peer organizations supporting a single school or educational institution

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