NonprofitsFlorida Institute Of Technology Inc

Education

Florida Institute Of Technology Inc

MELBOURNE, FL

Total revenue

$222.5M

Total expenses

$205.2M

Net assets

$266.1M

Grants received

$12.0M

250 grants

EIN

596046500

Tax year

2023

Mission

Florida institute of technology's mission is to provide high-quality education to a culturally diverse student body in order to prepare students for entering the global workforce, seeking higher-education opportunities, and serving within their communities. The university also seeks to expand knowledge through basic and applied research and to serve the diverse economic, cultural, and societal needs of our local, state, national and international constituencies.

Programs

1 program

Student services, auxillary enterprises and other revenues major services provided are housing and dining. In addition, campus life revolves around the clemente center for sports and recreation, the denius student center and panther plaza. Students participate in a wide variety of intramural sports, more than 100 student organizations and 16 intercollegiate sports. From greek life to the college players thatrical organization, students are actively involved in the life of the campus community.

Expenses: $47.6M

Financials

FY 2023

Revenue

Contributions & grants$20.7M
Program service revenue$188.1M
Investment income$9.8M
Other revenue$3.9M
Total revenue$222.5M

Expenses

Grants paid
Salaries & benefits$113.3M
Fundraising$3.0M
Other expenses$91.9M
Total expenses$205.2M
Total assets$409.3M
Net assets$266.1M

People

34 listed

NameRoleCompensation

MR ROBERT KING

INTERIM PRES

Board

$360K

40 hrs/wk

DR JOHN NICKLOW

PRESIDENT

Board

$297K

40 hrs/wk

MR ROBERT L PHEBUS

TRUSTEE

Board

2 hrs/wk

MR WILLIAM C POTTER

TRUSTEE EMER

Board

2 hrs/wk

MR ALAN L PRESTWOOD

TRUSTEE

Board

2 hrs/wk

MR D TRAVIS PROCTOR

TRUSTEE

Board

2 hrs/wk

MR JAMES E PRUITT

TRUSTEE EMER

Board

2 hrs/wk

MR MICHAEL SCAFATI

TRUSTEE

Board

2 hrs/wk

MRS ELIZABETH J SWANN

TRUSTEE

Board

2 hrs/wk

DR RAYMOND A ARMSTRONG

TRUSTEE EMER

Board

2 hrs/wk

DR RICHARD N BANEY

TRUSTEE EMER

Board

2 hrs/wk

MR JOESPH CARUSO

TRUSTEE EMER

Board

2 hrs/wk

DR RITA H CHENG

TRUSTEE

Board

2 hrs/wk

MR DALE A DETTMER

TRUSTEE

Board

2 hrs/wk

MS KIRSTEN DREGGORS

TRUSTEE

Board

2 hrs/wk

MS BOBBIE DYER

TRUSTEE

Board

2 hrs/wk

MS JILL A EANES

TRUSTEE

Board

2 hrs/wk

MR JOSEPH M FLAMMIO

TRUSTEE EMER

Board

2 hrs/wk

MR WILLIAM J GUYAN

TRUSTEE

Board

2 hrs/wk

MR RICHARD P MCNEIGHT

TRUSTEE

Board

2 hrs/wk

MR KENDALL T MOORE

TRUSTEE

Board

2 hrs/wk

MR WILLIAM R MUNS

TRUSTEE

Board

2 hrs/wk

MARCO CARVALHO

EXECUTIVE DI

Staff

$582K

40 hrs/wk

JOHN HARRIS

DEAN

Staff

$339K

40 hrs/wk

HAMID RASSOUL

INTERIM PROV

Staff

$300K

40 hrs/wk

GARY GRANT

VP ADVANCEME

Staff

$282K

40 hrs/wk

MUNEVVER SUBASI

ASSOCIATE PR

Staff

$230K

40 hrs/wk

BRIAN LESLIE

VP OPERATION

Staff

$223K

40 hrs/wk

RICHARD ARONSON

DEPT. HEAD/P

Staff

$223K

40 hrs/wk

LINXIA GU

DEPT. HEAD/P

Staff

$218K

40 hrs/wk

RYAN PETERSEN

GENERAL COUN

Staff

$206K

40 hrs/wk

BRIAN EHRLICH

VP ENROLLMEN

Staff

$203K

40 hrs/wk

WES SUMMER

VP EXTERNAL

Staff

$188K

40 hrs/wk

JESSICA VINSON

VP HUMAN RES

Staff

$178K

40 hrs/wk

Independent contractors

ABA TECHNOLOGIES INC

ONLINE ED.

$11.7M

BISK EDUCATION INC

ONLINE ED.

$4.6M

NATIONAL MANAGEMENT RESOURCES CORP

JANITORIAL

$2.8M

MAMMOTH SPORTS LLC

CONSTRUCTION

$2.5M

K MILLS CONSTRUCTION LLC

CONSTRUCTION

$2.4M

Grants received

Showing 200 of 250

FromAmountPurposeYear
$244K
For general scholarship support.
2024
$65K
FOR RECIPIENT'S EXEMPT PURPOSE
2024
$41K
SCHOLARSHIP
2024
$35K
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$23K
TO PROVIDE SCHOLARSHIPS FOR STUDENTS
2024
$11K
UNRESTRICTED
2024
$10K
PROGRAM SUPPORT
2024
$8K
LOCAL AND NONLOCAL VARIATIONAL PROBLEMS WITH LACK OF COMPACTNESS
2024
$8K
VARIATIONAL PRINCIPLES, BOUNDS, AND REALIZABILITY OF EFFECTIVE OPERATORS FOR METAMATERIAL SYNTHESIS USING MULTIPHASE COMPOSITES
2024
$8K
KINETIC THEORY AND OTHER NONLINEAR PDE MODELS
2024
$8K
OPPORTUNITY & EMPOWE
2024
$5K
Education
2024
$4K
SCHOLARSHIPS
2024
$3K
SCHOLARSHIPS
2024
$3K
GENERAL OPERATING
2024
$3K
GENERAL OPERATIONS
2024
$1K
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$500
SCHOLARSHIPS
2024
$380
GENERAL SUPPORT
2024
$100
GENERAL EXEMPT PURPOSE
2024
$100
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$1M
GENERAL OPERATING
2023
$609K
RESEARCH
2023
$244K
For general scholarship support.
2023
$125K
TO FURTHER MISSION OF PROVIDING OCEAN INFORMATION TO MEMBERS AND OTHER PARTIES
2023
$45K
Grants/Scholarships
2023
$30K
SUB-AWARD
2023
$25K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$25K
EMBEDDING EM INSTITUTIONALLY
2023
$24K
Research
2023
$24K
KINETIC THEORY AND OTHER NONLINEAR PDE MODELS
2023
$21K
CHARITABLE DONATION
2023
$15K
SCHOLARSHIPS
2023
$15K
WORKFORCE DEVELOPMEN
2023
$15K
FOR GENERAL SUPPORT
2023
$14K
SCIENTIFIC RESEARCH ON DATA FROM HUBBLE SPACE TELESCOPE
2023
$13K
PROGRAM SUPPORT
2023
$12K
UNRESTRICTED GENERAL SUPPORT
2023
$12K
For grant recipient's exempt purposes
2023
$12K
Research Subcontract
2023
$11K
UNRESTRICTED
2023
$10K
EDUCATION SCHOLARSHIP
2023
$8K
LOCAL AND NONLOCAL VARIATIONAL PROBLEMS WITH LACK OF COMPACTNESS
2023
$8K
VARIATIONAL PRINCIPLES, BOUNDS, AND REALIZABILITY OF EFFECTIVE OPERATORS FOR METAMATERIAL SYNTHESIS USING MULTIPHASE COMPOSITES
2023
$8K
Program Support
2023
$6K
GENERAL SUPPORT
2023
$6K
SUPPORT OF MISSION
2023
$6K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$5K
RESEARCH GRANT
2023
$5K
GENERAL OPERATING
2023
$5K
SCHOLARSHIP
2023
$5K
Program Support
2023
$5K
Education
2023
$4K
Program Support
2023
$3K
GENERAL OPERATING
2023
$3K
EDUCATIONAL INSTITUTIONS AND RELATED ACTIVITIES
2023
$3K
SCOTT CENTER AUTISM INTERVENTION ACC
2023
$2K
EDUCATIONAL PURPOSES
2023
$2K
VOLUNTEER INCENTIVE PROGRAM
2023
$1K
TO BE AN INDEPENDENT TECHNOLOGICAL UNIVERSITY THAT PROVIDES QUALITY EDUCATION, ADVANCES KNOWLEDGE THROUGH RESEARCH, AND SERVES DIVERSE NEEDS GLOBALLY.
2023
$1K
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2023
$500
To support the education, research, and science development of the Florida Institute of Technology.
2023
$250
EDUCATION
2023
$200
GENERAL OPERATING SUPPORT
2023
$100
MATCHING GIFTS
2023
$100
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2023
$40
MATCHING GIFT TO EDUCATION
2023
$472K
RESEARCH
2022
$226K
For general scholarship support.
2022
$149K
MEDICAL RESEARCH
2022
$83K
TO FURTHER MISSION OF PROVIDING OCEAN INFORMATION TO MEMBERS AND OTHER PARTIES
2022
$75K
GENERAL OPERATING
2022
$50K
IN SUPPORT OF CREMA
2022
$50K
STEP GRANT
2022
$37K
Grants/Scholarships
2022
$25K
UNRESTRICTED GENERAL SUPPORT
2022
$25K
For grant recipient's exempt purposes
2022
$23K
EMBEDDING EM INSTITUTIONALLY
2022
$22K
SUB-AWARD
2022
$21K
Research-Physics
2022
$18K
SCHOLARSHIPS
2022
$15K
SCHOLARSHIP ASSISTANCE FOR POST-SECONDARY EDUCATION
2022
$10K
FOR GENERAL SUPPORT.
2022
$10K
UNRESTRICTED
2022
$10K
PROGRAM SUPPORT
2022
$10K
KAHN SCHOLARSHIP
2022
$9K
CHARITABLE DONATION
2022
$8K
LOCAL AND NONLOCAL VARIATIONAL PROBLEMS WITH LACK OF COMPACTNESS
2022
$8K
SCIENTIFIC RESEARCH ON DATA FROM HUBBLE SPACE TELESCOPE
2022
$7K
GENERAL SUPPORT
2022
$7K
PROTECT OUR REEFS GRANT
2022
$5K
RESEARCH GRANT
2022
$5K
COMMUNITY CAPACITY
2022
$5K
GENERAL SUPPORT
2022
$5K
Program Support
2022
$5K
SCOTT CENTER AUTISM EVAL/TREATMENT
2022
$5K
Program Support
2022
$3K
Education
2022
$3K
GENERAL OPERATING
2022
$2K
SCHOLARSHIP
2022
$1K
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2022
$400
GENERAL OPERATING SUPPORT
2022
$125
MATCHING GIFTS
2022
$100
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2022
$100
MIP PAYOUT FOR 10/03/22
2022
$500K
GENERAL OPERATING
2021
$401K
RESEARCH
2021
$208K
For general scholarship support.
2021
$105K
TO FURTHER MISSION OF PROVIDING OCEAN INFORMATION TO MEMBERS AND OTHER PARTIES
2021
$100K
IN SUPPORT OF CREMA
2021
$83K
For grant recipient's exempt purposes
2021
$83K
For grant recipient's exempt purposes
2021
$43K
SCIENTIFIC RESEARCH ON DATA FROM HUBBLE SPACE TELESCOPE
2021
$29K
Research
2021
$19K
SUBCONTRACT FOR SPONSORED RESEARCH CLASSIFIED AS PROGRAM SERVICES.
2021
$17K
SUB-AWARD
2021
$16K
Scholarships/Grants
2021
$10K
UNRESTRICTED
2021
$7K
FY'21 MATCHING GIFTS
2021
$5K
CHARITABLE DONATION
2021
$5K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2021
$4K
Program Support
2021
$4K
Program Support
2021
$3K
GENERAL OPERATING
2021
$2K
FUND EVALS OF AUTISTIC CHILDREN
2021
$400
GENERAL OPERATING SUPPORT
2021
$341K
RESEARCH
2020
$220K
ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING; TOOLS FOR "PROTOTYPING WITH A PURPOSE"
2020
$208K
For general scholarship support.
2020
$86K
TESTS HOW THE HARSH SPACE ENVIRONMENT AFFECTS A NOVEL CHARGE INJECTION DEVICE SENSOR FOR EARTH AND SPACE IMAGING THAT READS LIGHT FROM EACH PIXEL INDEPENDENTLY, ALLOWING THE DIRECT IMAGING OF FAINT OBJECTS NEXT TO BRIGHT OBJECTS WITHIN THE SAME FRAME.
2020
$83K
TO ESTABLISH AND MAINTAIN THE INTERNSHIP THROUGH THE COLLEGE OF PSYCHOLOGY PROGRAM AT THE WINTER HAVEN HOSPITAL.
2020
$58K
For grant recipient's exempt purposes
2020
$50K
IN SUPPORT OF CREMA
2020
$49K
MEDICAL RESEARCH
2020
$25K
UNRESTRICTED GENERAL SUPPORT
2020
$25K
SCHOLARSHIPS
2020
$22K
DONOR DESIGNATION
2020
$18K
SCIENTIFIC RESEARCH ON DATA FROM HUBBLE SPACE TELESCOPE
2020
$17K
Research-Physics
2020
$15K
SCHOLARSHIP ASSISTANCE FOR POST-SECONDARY EDUCATION
2020
$11K
TO FURTHER MISSION OF PROVIDING OCEAN INFORMATION TO MEMBERS AND OTHER PARTIES
2020
$10K
GENERAL USE AND/OR SPECIAL FUND/PROJECT
2020
$8K
MATCHING GIFTS
2020
$5K
GENERAL OPERATING
2020
$4K
PROGRAM SUPPORT
2020
$4K
PROGRAM SUPPORT
2020
$3K
GENERAL PURPOSE
2020
$3K
GENERAL PURPOSE
2020
$3K
FUND EVALS OF AUTISTIC CHILDREN
2020
$3K
Donation to a domestically registered charitable organization.
2020
$3K
GENERAL OPERATING
2020
$2K
EMPLOYEE MATCHING GIFTS
2020

Funded by

$12.0M from 108 funders · 250 grants · 2017–2024

West Virginia University

$2.3M · 6 grants · 2018–2023

Emil Buehler Perpetual Trust

$1.5M · 2 grants · 2021–2023

Lettie Pate Whitehead Foundation Inc

$1.1M · 5 grants · 2020–2024

Corporation For Public Broadcasting

$962K · 9 grants · 2017–2023

Sandler Foundation

$455K · 6 grants · 2017–2022

Fidelity Investments Charitable Gift Fund

$391K · 7 grants · 2018–2023

American Heart Association Inc

$360K · 2 grants · 2021–2023

Details

EIN596046500
NTEE codeB430
Subsection03
Ruling date1960-01
Formed1958
Employees2791
Volunteers34
FLORIDA INSTITUTE OF TECHNOLOGY INC — Mission, Financials & Grants Received | Grantivo