UNIVERSITY OF FLORIDA INVESTMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

UNIVERSITY OF FLORIDA INVESTMENT CORPORATION

EIN 20-1226494 · Education (B024)

What they do

THE PURPOSE of THIS CORPORATION is to PROMOTE THE EDUCATIONAL PURPOSES of THE UNIVERSITY of FLORIDA BY PROVIDING INVESTMENT RESEARCH, ADVICE, COUNSEL and MANAGEMENT to and for THE UNIVERSITY of FLORIDA BOARD of TRUSTEES, A PUBLIC BODY CORPORATE, and SUCH AFFILIATED CORPORATIONS AS THE BOARD of TRUSTEES of THE UNIVERSITY of FLORIDA MAY DESIGNATE, PROVIDED THAT SUCH ORGANIZATIONS FURTHER THE EDUCATIONAL PURPOSES of THE UNIVERSITY of FLORIDA and ARE ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) of THE INTERNAL REVENUE CODE of 1986, AS NOW IN FORCE or HEREAFTER AMENDED.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

90.00%of revenue went to mission work84.4% of expenses · Program services

$106.65spent for every $100 of revenueSpending was higher than revenue this year.

16.65%of revenue went to management and office costs15.6% of expenses

$1.10in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $416,065 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $1,507,964 for WILLIAM S REESER (CEO/CIO/PRESIDENT UNTIL 1/1/25). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$6,254,192

Mission workProgram services$5,628,88590.00% of revenue84.4% of expenses

ManagementOffice and general costs$1,041,37216.65% of revenue15.6% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$6,670,257106.65% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 84.4% mission · 15.6% management · 0.0% fundraisingTotal expenses: 106.65% of revenue

2023Expense mix: 81.9% mission · 18.1% management · 0.0% fundraisingTotal expenses: 95.74% of revenue

2022Expense mix: 83.7% mission · 16.3% management · 0.0% fundraisingTotal expenses: 97.27% of revenue

2021Expense mix: 84.2% mission · 15.8% management · 0.0% fundraisingTotal expenses: 98.75% of revenue

2020Expense mix: 86.6% mission · 13.4% management · 0.0% fundraisingTotal expenses: 111.17% of revenue

2019Expense mix: 88.7% mission · 11.3% management · 0.0% fundraisingTotal expenses: 89.52% of revenue

2018Expense mix: 89.3% mission · 10.7% management · 0.0% fundraisingTotal expenses: 105.18% of revenue

2017Expense mix: 88.8% mission · 11.2% management · 0.0% fundraisingTotal expenses: 102.75% of revenue

Money in and money out

Revenue$6,254,192

Expenses$6,670,257

Annual shortfall $416,065 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$5,628,885 · 84.4% of expenses

Management and office costs$1,041,372 · 15.6% of expenses

See all reported dollar amounts

Revenue$6,254,192

Expenses$6,670,257

Assets$7,319,079

Income$6,254,192

Mission work (program services)$5,628,885

Management and general$1,041,372

Accounting fees$25,195

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

WILLIAM S REESERCEO/CIO/PRESIDENT UNTIL 1/1/25 · 50 hrs/week $1,507,964Base $1,317,266 · Other $190,698

BRIAN C MAWDSLEYDEPUTY CIO · 50 hrs/week $948,951Base $804,452 · Other $144,499

EDWARD A KELLYCOO/VICE PRESIDENT · 50 hrs/week $584,202Base $494,145 · Other $90,057

WILLIAM C TWIBLEINVESTMENT DIRECTOR · 50 hrs/week $531,950Base $439,394 · Other $92,556

JEFFREY FURSTINVESTMENT DIRECTOR · 50 hrs/week $528,756Base $436,200 · Other $92,556

BRENNAN BUBPSENIOR INVESTMENT ANALYST · 50 hrs/week $283,584Base $227,402 · Other $56,182

DANIEL LEESENIOR INVESTMENT ANALYST · 50 hrs/week $242,702Base $201,795 · Other $40,907

TAYLOR JANTZEX-OFFICIO MEMBER UNTIL 2/2025 · 1 hrs/week $131,914Base · Other $131,914

SABY MITRAEX-OFFICIO MEMBER · 1 hrs/week $58,601Base · Other $58,601

DAVID CHRISTIEEX-OFFICIO MEMBER · 1 hrs/week $54,380Base · Other $54,380

ROBERT THORNTONEX-OFFICIO MEMBER UNTIL 2/2025 · 1 hrs/week $26,437Base · Other $26,437

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

WILLIAM S REESERCEO/CIO/PRESIDENT UNTIL 1/1/25

BRIAN C MAWDSLEYDEPUTY CIO

EDWARD A KELLYCOO/VICE PRESIDENT

WILLIAM C TWIBLEINVESTMENT DIRECTOR

JEFFREY FURSTINVESTMENT DIRECTOR

BRENNAN BUBPSENIOR INVESTMENT ANALYST

DANIEL LEESENIOR INVESTMENT ANALYST

TAYLOR JANTZEX-OFFICIO MEMBER UNTIL 2/2025

SABY MITRAEX-OFFICIO MEMBER

DAVID CHRISTIEEX-OFFICIO MEMBER

ROBERT THORNTONEX-OFFICIO MEMBER UNTIL 2/2025

LINDSAY LEEBOARD MEMBER

MARK L BAUMGARTNERCEO/CIO/PRESIDENT BEGIN 1/1/25

NICK KOZLOVBOARD MEMBER BEGIN 2/2025

REBECCA PATTERSONBOARD MEMBER

ROBERT COUSINVICE CHAIR

JAMES W HEAVENEREX-OFFICIO MEMBER

SCOTT FRIEDMANBOARD MEMBER

GEOFF GARDNERBOARD MEMBER BEGIN 2/2025

WILLIAM WALTONBOARD MEMBER

FERNANDO DONAYREBOARD MEMBER

DOUGLAS J FREEBOARD CHAIR

About this charity

Recognized since: January 2006
Location: 800 SW 2ND AVE STE 300, GAINESVILLE, FL 32601-6295
County: Alachua
In care of: % MICHAEL W FORD
Primary officer: EDWARD KELLY, COO/VICE PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailinfo@ufico.ufl.edu Phone(352) 392-1693

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: JAMES MOORE & CO PL
NTEE classification: Education (B024)