FIU Foundation
Legal name: Florida International University Foundation Inc
Nonprofit profile at a glance
- EIN
- 237047106
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Miami, FL, USA
- Phone
- 305-348-6298
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $56,013,371
- Expenses
- $56,920,547
- Assets
- $537,388,670
- Liabilities
- $16,261,328
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
53 people listed
Executive titles in this filing
- KENNETH C HALL (CEO, AS OF 11/2024)
- CHRISTY MARTINEZ (ASSISTANT VICE PRESIDENT, ADVANCEMENT OPERATIONS)
Highest reported compensation
- KENNETH C HALL (CEO, AS OF 11/2024): $693,712 total reported compensation
- ELIZABETH M BEJAR (EX-OFFICIO/ FIU PROVOST): $599,567 total reported compensation
- YOLANGEL HERNANDEZ SUAREZ (DIRECTOR): $374,022 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Florida International University Foundation Inc. supports the mission of Florida International University by raising and managing private funds to enhance educational opportunities, research, and community service.
What it reported doing in 2024
The Florida international university foundation accepts charitable donations to support Florida international university in its goal to be a leading urban public research university focused on student learning, innovation, and collaboration. The foundation supports the university's mission by providing funds to support a diverse student population, exceptional faculty, cutting edge research, modern facilities, and collaborative engagement with our local and global communities.
Operating model
- Revenue model
- Donor-supported. 83% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 98% 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 most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 60
- Accountability: 91
- Sustainability: 52
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.5%; rating input score 97
- Program expense ratio: 85.9%; rating input score 86
- Fundraising efficiency: $7.79 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th 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: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 92.9%; rating input score 93; 42nd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.6%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 9.44; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 92; 92nd percentile among comparable filings
- Officer compensation ratio: 2.7%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: 10.5% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 5.1% per year; rating input score 100; 43rd percentile among comparable filings
- Asset growth: 5.3% per year; rating input score 100; 39th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 96.5% of revenue deployed · 85.9% of spending went to programs
- Governance: 39 of 42 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $48.9M in reported program spending
- Leadership: top reported pay $694K · 53 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.7M reported
- Consistency: 34 of 34 current checks pass
- Schedules: 12 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: 7 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.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 35/100.
- High — Sustainability: Operating margin scored 20/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.