UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC

EIN: 596211832 501(c)(3) Education

ORLANDO, FL

Total Revenue
$74,529,296
Total Expenses
$79,849,683
Total Assets
$659,727,218
Net Assets
$489,222,601
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
FL
Principal Officer
RODNEY M GRABOWSKI
Phone
4078821220
Tax Period
2023-07-01 to 2024-06-30

UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC, founded in 1968, is a mid-sized nonprofit in the Education sector that reported $74.5M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Net assets of $489.2M represent 79 months of operating reserves.

Mission

THE UCF FOUNDATION ENCOURAGES, STEWARDS AND CELEBRATES CHARITABLE CONTRIBUTIONS FROM ALUMNI AND FRIENDS TO SUPPORT UNIVERSITY OF CENTRAL FLORIDA (UCF).

Program Service Accomplishments

Program 1
Expenses: $15,945,955 Revenue: $258,157

ATHLETICS EXPENSES PAID IN SUPPORT OF THE UCF ATHLETICS PROGRAM AND THE CHARGEON FUND PROVIDE STUDENT-ATHLETES WITH CHAMPIONSHIP-CALIBER EXPERIENCES, EMPOWERING THEM TO EXCEL IN COMPETITION, IN THE...

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ATHLETICS EXPENSES PAID IN SUPPORT OF THE UCF ATHLETICS PROGRAM AND THE CHARGEON FUND PROVIDE STUDENT-ATHLETES WITH CHAMPIONSHIP-CALIBER EXPERIENCES, EMPOWERING THEM TO EXCEL IN COMPETITION, IN THE CLASSROOM, AND IN THE COMMUNITY. FROM ACADEMIC SUPPORT TO WORLD-CLASS TRAINING FACILITIES AND SERVICES, THE KNIGHTS BENEFIT GREATLY FROM PHILANTHROPY. IN FY24 ALONE, TWO SIGNIFICANT ALUMNI GIFTS RESULTED IN AN ADDITIONAL $11.5 MILLION IN CRITICAL FUNDING FOR UCF ATHLETICS AND A NEW 95-ACRE SPACE ON CAMPUS THAT WILL BE DEDICATED TO THE HEALTH AND WELLBEING, ACADEMIC SUCCESS AND PROFESSIONAL DEVELOPMENT OF STUDENT ATHLETES, AS WELL AS ATHLETIC COMPETITION. UCF STUDENT-ATHLETES CONTINUED TO EXCEL IN THEIR ACADEMICS, EXTENDING THEIR RECORD-SETTING STREAK TO 33 CONSECUTIVE SEMESTERS WITH A DEPARTMENT GRADE-POINT AVERAGE OF 3.0 OR BETTER AT THE END OF THE SPRING 2024 SEMESTER INCLUDING 10 STRAIGHT SEMESTERS WITH A 3.3 OR HIGHER MARK. THE KNIGHTS COMPILED A COMBINED 3.42 GPA IN THE SPRING 2024 SEMESTER AND MORE THAN 75% OF STUDENT-ATHLETES POSTED A GPA OF 3.0 OR HIGHER, 63 OF WHICH EARNED A 4.0 GPA.

Program 2
Expenses: $8,709,963 Revenue: $703,803

ACADEMIC EXPENSES PAID IN SUPPORT OF THE UCF PROGRAMS FUND ACADEMIC OFFERINGS, SALARIES FOR UNIVERSITY EMPLOYEES AND FELLOWSHIPS TO REWARD SOME OF UCF'S MOST ACCOMPLISHED AND PROMISING STUDENTS...

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ACADEMIC EXPENSES PAID IN SUPPORT OF THE UCF PROGRAMS FUND ACADEMIC OFFERINGS, SALARIES FOR UNIVERSITY EMPLOYEES AND FELLOWSHIPS TO REWARD SOME OF UCF'S MOST ACCOMPLISHED AND PROMISING STUDENTS. OUTSTANDING FACULTY ARE CRITICAL TO INSTITUTIONAL EXCELLENCE, INSPIRING STUDENTS AND FOSTERING AND ENHANCING STRONG ACADEMIC PROGRAMS. BY FUNDING PRESTIGIOUS ACADEMIC POSITIONS AT THE UNIVERSITY SUCH AS ENDOWED CHAIRS, EMINENT SCHOLAR POSITIONS AND DISTINGUISHED PROFESSORSHIPS, WE RETAIN THE UNIVERSITY'S MOST ESTEEMED FACULTY AND IN TURN, MAINTAIN OUR HIGH ACADEMIC STANDARD. SPENDING TO SUPPORT RESEARCH PROJECTS AND INNOVATIVE PROGRAMS FURTHER ENRICHES THE UCF LEARNING EXPERIENCE. UCF FOUNDATION, INC. RECEIVED $104,403,814 IN GIFTS AND COMMITMENTS IN FY24 FAR EXCEEDING THE GOAL SET BY UNIVERSITY LEADERS. THIS REPRESENTED THE SUPPORT OF MORE THAN 87,000 DONORS WHO GAVE 237,390 GIFTS.

Program 3
Expenses: $6,212,405 Revenue: $10

UCF IS DEDICATED TO ENRICHING THE LIVES OF UCF STUDENTS AND SOLICITS DONATIONS TO SUPPORT SCHOLARSHIPS THAT BENEFIT THEM. SCHOLARSHIP FUNDS ARE TRANSFERRED TO THE UNIVERSITY FOR ADMINISTRATION AND...

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UCF IS DEDICATED TO ENRICHING THE LIVES OF UCF STUDENTS AND SOLICITS DONATIONS TO SUPPORT SCHOLARSHIPS THAT BENEFIT THEM. SCHOLARSHIP FUNDS ARE TRANSFERRED TO THE UNIVERSITY FOR ADMINISTRATION AND PROCESSING AND ARE DESIGNED TO REWARD, INSPIRE AND ASSIST STUDENTS IN PURSUING ACADEMIC EXCELLENCE AND HELP ATTRACT A DIVERSE STUDENT BODY. THE FALL 2024 FRESHMAN CLASS HAD AN AVERAGE SAT SCORE OF 1342 AND AN AVERAGE HIGH SCHOOL GPA OF 4.22. NEARLY HALF OF UCF'S STUDENT POPULATION ARE FROM TRADITIONALLY UNDERREPRESENTED GROUPS AND MORE THAN 20% ARE FIRST-GENERATION COLLEGE STUDENTS. WITH 69,818 STUDENTS, UCF IS THE LARGEST UNIVERSITY BY ENROLLMENT IN FLORIDA; THIS INCLUDES 59,649 UNDERGRADUATE STUDENTS, 9,688 GRADUATE STUDENTS AND 481 M.D. STUDENTS. UCF RANKS SECOND AMONG FLORIDA'S STATE UNIVERSITIES, WITH 341 NATIONAL MERIT SCHOLARS ENROLLED. IN FY2024, 2,112 SCHOLARSHIPS WERE AWARDED, $116.4 MILLION WAS AWARDED TO BRIGHT FUTURES STUDENTS, AND 72.8% OF UNDERGRADUATES RECEIVED $553.1 MILLION IN FINANCIAL AID. SEVENTY PERCENT OF FTIC (FIRST-TIME IN COLLEGE) STUDENTS AT UCF ALSO GRADUATED WITHOUT ANY EDUCATIONAL DEBT, COMPARED TO ONLY 42% OF STUDENTS WHO GRADUATE DEBT-FREE NATIONALLY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $60,744,471
Program Service Revenue $1,421,874
Investment Income $6,035,600
Other Revenue $6,327,351
TOTAL REVENUE $74,529,296

Expense Breakdown

Grants Paid $52,595,041
Salaries & Benefits $18,220,681
Fundraising Expenses $7,211,117
Program Expenses $58,321,980
Other Expenses $9,003,604
TOTAL EXPENSES $79,849,683

Year-over-Year Comparison

2023 2022 Change
Revenue $74,529,296 $94,122,372 -0.2%
Expenses $79,849,683 $47,707,818 +0.7%
Net Income $-5,320,387 $46,414,554 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
28
Independent Members
26
Employees
N/A
Volunteers
3174

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$801,903
Total Directors
28
$0
Key Employees
2
$572,360
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN BUTLER CHAIR 1.00
Officer Director
$0 $0 $0
ROSLYN BURTTRAM CO-VICE CHAIR & CHAIR, DONOR ENGAGEMENT & PHILANTH 1.00
Officer Director
$0 $0 $0
STUART HEATON CO-VICE CHAIR & CHAIR, INVESTMENT COMMITTEE 1.00
Officer Director
$0 $0 $0
EVA TUKDARIAN TREASURER & CHAIR, FINANCE & FACILITIES COMMITTEE 1.00
Officer Director
$0 $0 $0
DANA PATTON SECRETARY 1.00
Officer Director
$0 $0 $0
CARRIE DAANEN IMM. PAST CHAIR & CHAIR, GOV. COMM. 1.00
Officer Director
$0 $0 $0
JESSICA BLUME CHAIR, AUDIT COMMITTEE 1.00
Officer Director
$0 $0 $0
LINH DANG CHAIR, UCF ALUMNI BOARD EX-OFFICIO MEMBER 1.00
Director
$0 $0 $0
DR MICHAEL JOHNSON PROVOST, UCF EX-OFFICIO MEMBER 1.00
Director
$0 $0 $0
CARYL MCALPIN TRUSTEE, UCF BOARD OF TRUSTEES EX-OFFICIO MEMBER 1.00
Director
$0 $0 $0
TANDREIA BELLAMY DIRECTOR 1.00
Director
$0 $0 $0
CLINT BULLOCK DIRECTOR 1.00
Director
$0 $0 $0
CATHY ENGELMAN DIRECTOR 1.00
Director
$0 $0 $0
JOHN BARRY FORBES DIRECTOR 1.00
Director
$0 $0 $0
JAMES HARHI DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL HINN DIRECTOR 1.00
Director
$0 $0 $0
ROBERT KANTOR DIRECTOR 1.00
Director
$0 $0 $0
LAURETTE KOELLNER DIRECTOR 1.00
Director
$0 $0 $0
JOHN MAHONY DIRECTOR 1.00
Director
$0 $0 $0
LAURENCE CHRIS MARLIN DIRECTOR 1.00
Director
$0 $0 $0
MARC MCMURRIN DIRECTOR 1.00
Director
$0 $0 $0
THOMAS MCNAMARA DIRECTOR 1.00
Director
$0 $0 $0
KEVIN MILLER DIRECTOR 1.00
Director
$0 $0 $0
DIANNE OWEN DIRECTOR 1.00
Director
$0 $0 $0
HEATHER PIGMAN DIRECTOR 1.00
Director
$0 $0 $0
MARK PLAUMANN DIRECTOR 1.00
Director
$0 $0 $0
KEVIN WYDRA DIRECTOR 1.00
Director
$0 $0 $0
ROGER ZLOTOFF DIRECTOR 1.00
Director
$0 $0 $0
RODNEY M GRABOWSKI CEO & SENIOR VP FOR ADV. & PART. 40.00
Officer
$0 $62,988 $563,381
GLEN DAWES CHIEF FINANCIAL OFFICER (THRU 7/23) 40.00
Officer
$0 $29,954 $238,522
RACHEL SCHAEFER ASSOCIATE VP AND CHIEF OF STAFF 40.00
Key Emp
$0 $32,806 $245,934
GINA SHOLTIS SENIOR ASSOCIATE VP FOR DEVELOPMENT 40.00
Key Emp
$0 $30,951 $326,426
BECKY FULLMER ASSC. VP FOR OPERATIONS (THRU 5/24) 40.00
Highest
$0 $30,927 $242,097
CHARLES ROBERTS ASSISTANT VP, COLLEGE OF MEDICINE DEVELOPMENT 40.00
Highest
$0 $55,250 $269,848
HEATHER JUNOD ASSC VP, ALUMNI ENG. & ANNUAL GIVING 40.00
Highest
$0 $43,790 $250,265
LORI SHUFF ASST VP, DEV. CORP. FDN. RELATIONS 40.00
Highest
$0 $27,363 $201,644
MARK WRIGHT ASSC VP, ATHLETICS DEVELOPMENT 40.00
Highest
$0 $52,877 $345,175
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $74,529,296 $79,849,683 $659,727,218 $-5,320,387
2023 $94,122,372 $47,707,818 $639,424,003 $46,414,554
2022 $73,785,645 $46,933,415 $583,855,216 $26,852,230
2021 $95,495,619 $43,098,688 $484,634,099 $52,396,931
2020 $45,984,866 $44,009,771 $396,904,531 $1,975,095
2019 $51,435,579 $53,123,139 $397,772,897 $-1,687,560
2018 $72,089,278 $45,597,644 $338,113,316 $26,491,634
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