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Florida Institute of Technology INC

Public charityFed auditsIRS 990990-T FY2023
Other · MELBOURNE, FL · EIN 59-6046500

About

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.

Donations are tax-deductible
Category
Other
Employees
2,820
Volunteers
34

Financial Snapshot

FY ending 2023-06-30
Revenue
$211.7M
Expenses
$195.5M
Assets
$392.5M
Liabilities
$148.9M

Financial history

$211.9M$106.0M$0
17181920212223
RevenueExpenses
Latest FY2023: $211.7M · Peak FY2022: $211.9M · Avg: $198.9M

Foreign activity (Schedule F)

Total spent abroad$1.1M
Foreign employees33
Foreign offices1
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
EAST ASIA AND THE PACIFIC
EUROPE
MIDDLE EAST AND NORTH AFRICA
SOUTH AMERICA
SOUTH ASIA
NORTH AMERICA

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
Lobbying
$313K
Grants Given
FLORIDA INSTITUTE OF TECHNOLOGY INC
Your actions

Address

150 W University BLVD
Melbourne, FL, 32901-899

Governance

Voting board members23
Independent members22
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %12.3%
Permanent endowment %87.7%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.