Uwf Business Enterprises Inc

Nonprofit profile at a glance

EIN
320367342
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Pensacola, FL, USA
Phone
8504742536
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$1,315,697
Expenses
$925,684
Assets
$6,643,904
Liabilities
$8,874,572

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • DR FRANK RANELLI (CEO)

Highest reported compensation

  • BETSY BOWERS (SECRETARY-TREASURER): $355,587 total reported compensation
  • DR CHULA KING (FORMER OFFICER): $282,028 total reported compensation
  • DR FRANK RANELLI (CEO): $169,223 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Uwf business enterprises, inc. (bei) is a direct support organization that builds and manages public-private partnerships in order to create new services and businesses to support the campus community.the university of west Florida's (uwf) mission is to provide students with access to high-quality, relevant and affordable undergraduate and graduate learning experiences, and to transmit, apply and discover knowledge through teaching, scholarship, research and public service. Bei assists in achieving that mission by engaging community partnerships that respond to mutual concerns and opportunities and that advance the economy and quality of life in the region.

What it reported doing in 2024

Food service contract - offers a range of innovative, nutritious dining options for the campus community, combining the value and resources of a global food services network with the on-site expertise of local managers.bookstore contract - course materials and distribution model that embraces technology, affordability, and equity allowing for greater retention, recruitment, student well-being and accessibility. It levels the playing field for all students by providing all required course materials to students for one equal price to all students on an opt-out basis billed to their student account. Instructors have complete academic freedom to select whatever materials are best for student learning in their course.the university serves a student population of about 14,797.

Operating model

Revenue model
Earned-program. 87% of the money available for current operations came from fees and other program revenue.
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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 55
  • Transparency & Controls: 71
  • Accountability: 76
  • Sustainability: 67
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 51.9%; rating input score 52
  • Program expense ratio: 77.4%; rating input score 77
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 14th 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: 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: 29.6%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 7.18; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 1.34; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 26.8%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: -14.3% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -6.2% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 0.8% per year; rating input score 100; 20th percentile among comparable filings

Details

  • Where the money goes: 51.9% of revenue deployed · 77.4% of spending went to programs
  • Governance: 2 of 3 board members independent · 8 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $717K in reported program spending
  • Leadership: top reported pay $356K · 5 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $649K reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 52/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.