Florida International University Research Foundation Inc
Nonprofit profile at a glance
- EIN
- 650837916
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Miami, FL, USA
- Phone
- 3053483758
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- General Science
Reported finances
- Revenue
- $473,530
- Expenses
- $147,242
- Assets
- $1,062,173
- Liabilities
- $1,500
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- ANDRES G GIL (PRESIDENT/CHAIRMAN)
- MICHAEL HEITHAUS (VICE PRESIDENT)
- JUAN C CENDAN (VICE PRESIDENT)
- INES TRIAY (VICE PRESIDENT)
Highest reported compensation
- JUAN C CENDAN (VICE PRESIDENT): $837,762 total reported compensation
- STEPHEN BLACK (DIRECTOR): $628,001 total reported compensation
- ANDRES G GIL (PRESIDENT/CHAIRMAN): $507,029 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 fiu research foundation provides means by which discoveries, inventions, processes, and work products of faculty, staff and students of the university may be patented, developed, applied and utilized in order that the results of such research shall be made available to the public and that funds be made available from such discoveries, inventions, processes, and work products for further research at Florida international university.
What it reported doing in 2024
The fiu research foundation (foundation) is a Florida not-for-profit, a direct support organization and a component unit of Florida international university (fiu) organized for education and scientific purposes. The foundation provides sponsored research, training, public service contracts and grants in the us and abroad programs.
Operating model
- Revenue model
- Affiliate-supported. 97% of the money available for current operations came from contributions from related organizations.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 49
- Transparency & Controls: 65
- Accountability: 55
- Sustainability: 77
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 31.5%; rating input score 31
- Program expense ratio: 93.9%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 38.5%; rating input score 38; 15th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 68.9%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 7.21; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 55; 55th percentile among comparable filings
- Officer compensation ratio: 425.8%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: 42.2% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: 17.7% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: 4.8% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: 31.5% of revenue deployed · 93.9% of spending went to programs
- Governance: 5 of 13 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $138K in reported program spending
- Leadership: top reported pay $838K · 22 people listed · 0 of 6 pay-setting controls reported
- Consistency: 17 of 17 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 31/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Accountability: Independent voting board scored 38/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 0/100.
- Review — Sustainability: Liabilities to assets ratio scored 55/100.