FGCU Foundation
Legal name: Florida Gulf Coast University Foundation Inc
Nonprofit profile at a glance
- EIN
- 650403969
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Fort Myers, FL, US
- Phone
- 239-590-1067
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $27,944,344
- Expenses
- $22,804,442
- Assets
- $230,102,845
- Liabilities
- $2,909,254
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
59 people listed
Executive titles in this filing
- AYSEGUL TIMUR (PRESIDENT)
- KATHERINE GREEN (EXECUTIVE DIRECTOR)
- CINDY LEARNED (ASSISTANT VICE PRESIDENT)
- MICHAEL MARTIN (FORMER PRESIDENT)
Highest reported compensation
- AYSEGUL TIMUR (PRESIDENT): $745,843 total reported compensation
- KATHERINE GREEN (EXECUTIVE DIRECTOR): $346,080 total reported compensation
- DAVID VAZQUEZ (ASSISTANT TREASURER): $341,340 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To advance Florida Gulf Coast University and its students by promoting the institution, securing philanthropy to support the needs of the University, managing and administering assets with a long-term perspective, and providing resources to the University for the benefit of its teaching, scholarship, and public service mission.
What it reported doing in 2024
The foundation receives and administers gifts and bequests for educational and charitable purposes for the advancement of Florida gulf coast university.
Operating model
- Revenue model
- Donor-supported. 89% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 79% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 71
- Accountability: 76
- Sustainability: 85
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.6%; rating input score 75
- Program expense ratio: 90.1%; rating input score 90
- Fundraising efficiency: $29.08 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 98.1%; rating input score 98; 31st percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 18.4%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 10.09; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 92; 92nd percentile among comparable filings
- Officer compensation ratio: 1.2%; rating input score 84; 84th percentile among comparable filings
Growth
- Program expense growth: 9.2% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 7.2% per year; rating input score 100; 61st percentile among comparable filings
- Asset growth: 7.6% per year; rating input score 100; 52nd percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 74.6% of revenue deployed · 90.1% of spending went to programs
- Governance: 52 of 53 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $20.5M in reported program spending
- Leadership: top reported pay $746K · 59 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2M reported
- Consistency: 34 of 34 current checks pass
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Accountability: Governance controls: 5 of 9 not reported.