FLORIDA INTERNATIONAL UNIVERSITY RESEARCH FOUNDATION INC

EIN: 650837916 501(c)(3) Science & Technology

MIAMI, FL

Total Revenue
$374,900
Total Expenses
$55,834
Total Assets
$734,385
Net Assets
$734,385
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
FL
Principal Officer
ANDRES G GIL
Phone
3053483758
Tax Period
2023-07-01 to 2024-06-30

FLORIDA INTERNATIONAL UNIVERSITY RESEARCH FOUNDATION INC, founded in 1999, is a small nonprofit in the Science & Technology sector that reported $375K in total revenue in fiscal year 2023. Revenue surged 152% from the prior year, signaling strong growth momentum. The organization ran a surplus of $319K, a strong 85% operating margin.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $374,900
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $374,900

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,773
Fundraising Expenses $0
Program Expenses $47,834
Other Expenses $28,061
TOTAL EXPENSES $55,834

Year-over-Year Comparison

2023 2022 Change
Revenue $374,900 $149,034 +1.5%
Expenses $55,834 $98,098 -0.4%
Net Income $319,066 $50,936 +5.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
4
Employees
9
Volunteers
N/A

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
6
$3,151,958
Total Directors
15
$3,167,407
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARIF SARWAT DIRECTOR AS OF 2/2024 1.00
Director
$0 $51,482 $311,984
CAROLYN ROBERTSON DIRECTOR AS OF 10/2023 1.00
Director
$0 $33,167 $175,059
FRANCISCO FERNANDEZ-LIMA DIRECTOR AS OF 10/2023 1.00
Director
$0 $28,829 $239,510
STEPHEN BLACK DIRECTOR 1.00
Director
$0 $59,307 $574,048
ANDRES G GIL PRESIDENT/CHAIRMAN 1.00
Officer Director
$0 $48,872 $486,705
ARINDAM CHOWDHURY DIRECTOR 1.00
Director
$0 $41,744 $292,645
WILLIAM T ANDERSON DIRECTOR 1.00
Director
$0 $43,848 $295,711
WALTER VAN HAMME DIRECTOR 1.00
Director
$0 $22,716 $239,233
BILAL EL-ZAHAB DIRECTOR UNTIL 10/2023 1.00
Director
$0 $34,632 $200,267
BRUCE MCCORD DIRECTOR UNTIL 2/2024 1.00
Director
$0 $32,253 $172,349
ANURADHA GODAVARTY DIRECTOR 1.00
Director
$0 $24,842 $179,896
CESAR L ALVAREZ DIRECTOR 1.00
Director
$0 $0 $0
OBDULIO PILOTO DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER ROSS DIRECTOR 1.00
Director
$0 $0 $0
DIANE SUGIMOTO DIRECTOR 1.00
Director
$0 $0 $0
PABLO ORTIZ SECRETARY AS OF 7/2024 1.00
Officer
$0 $127,360 $517,046
JUAN C CENDAN VICE PRESIDENT 1.00
Officer
$0 $42,295 $756,572
JOHN VOLAKIS VICE PRESIDENT 1.00
Officer
$0 $54,594 $539,563
MICHAEL HEITHAUS VICE PRESIDENT 1.00
Officer
$0 $48,846 $457,919
AIME MARTINEZ TREASURER 1.00
Officer
$0 $41,952 $394,153
HOWARD LIPMAN FORMER OFFICER 1.00
$0 $27,543 $523,866
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 $374,900 $55,834 $734,385 $319,066
2023 $149,034 $98,098 $416,319 $50,936
2022 $285,000 $23,661 $365,383 $261,339
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