FLORIDA MEMORIAL UNIVERSITY INC Charity Report

Public IRS 990 nonprofit record

FLORIDA MEMORIAL UNIVERSITY INC

EIN 59-0668483 · Education (B420)

What they do

Education - Florida Memorial University Endeavors to Instill In Students The Importance of Becoming Global Citizens Through Lifelong Learning, Leadership, Character, and Service, Which Will Enhance Their Lives and The Lives of Others.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $70.30 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 leaders24 people are listed in the latest report.

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

Money made simple

72.85%of revenue went to mission work70.3% of expenses · Program services

1.41%of revenue went to fundraising1.4% of expenses

$103.69spent for every $100 of revenueSpending was higher than revenue this year.

29.43%of revenue went to management and office costs28.4% of expenses

$1.79in assets for every $1 spent this yearSome assets cannot be spent right away.

31.0%of its money came from giftsOther money may come from services or investments.

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 $1,681,735 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $248,287 for WILLIAM C MCCORMICK (PRESIDENT). 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$45,514,500

Mission workProgram services$33,159,50472.85% of revenue70.3% of expenses

ManagementOffice and general costs$13,393,07829.43% of revenue28.4% of expenses

FundraisingAsking for donations$643,6531.41% of revenue1.4% of expenses

Total expenses$47,196,235103.69% 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: 70.3% mission · 28.4% management · 1.4% fundraisingTotal expenses: 103.69% of revenue

2023Expense mix: 70.4% mission · 27.5% management · 2.1% fundraisingTotal expenses: 107.51% of revenue

2022Expense mix: 66.7% mission · 31.7% management · 1.5% fundraisingTotal expenses: 97.22% of revenue

2021Expense mix: 70.0% mission · 28.1% management · 1.9% fundraisingTotal expenses: 111.24% of revenue

2020Expense mix: 70.3% mission · 28.2% management · 1.5% fundraisingTotal expenses: 114.11% of revenue

2019Expense mix: 58.8% mission · 39.8% management · 1.4% fundraisingTotal expenses: 132.89% of revenue

2018Expense mix: 66.3% mission · 31.8% management · 1.9% fundraisingTotal expenses: 98.28% of revenue

2017Expense mix: 65.8% mission · 32.1% management · 2.1% fundraisingTotal expenses: 100.69% of revenue

Money in and money out

Revenue$45,514,500

Expenses$47,196,235

Annual shortfall $1,681,735 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)$33,159,504 · 70.3% of expenses

Management and office costs$13,393,078 · 28.4% of expenses

Fundraising$643,653 · 1.4% of expenses

See all reported dollar amounts

Revenue$45,514,500

Expenses$47,196,235

Assets$84,469,394

Income$45,571,666

Contributions$14,111,947

Mission work (program services)$33,159,504

Fundraising$643,653

Management and general$13,393,078

Stocks and bonds$13,964,503

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 C MCCORMICKPRESIDENT · 40 hrs/week $248,287

JACQUELINE HILLEXE VP/ PROVOST · 40 hrs/week $190,849

ARCHIE L BOUIE IIEXE VP/ CFO · 40 hrs/week $171,582

TAMMY HAMLETVP - ADVAN EXT GOV · 40 hrs/week $137,085

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 (24)

WILLIAM C MCCORMICKPRESIDENT

JACQUELINE HILLEXE VP/ PROVOST

ARCHIE L BOUIE IIEXE VP/ CFO

TAMMY HAMLETVP - ADVAN EXT GOV

KIMBERLY M CHAPMANTRUSTEE

WALTER WEATHERINGTONBOARD CHAIR

SUSAN NYSTROMTRUSTEE

SHARON WILSON ESQTRUSTEE

REVEREND DR VASEAL MONTGOMERYTRUSTEE

REV DR BARTHOLOMEW BANKS SRTRUSTEE

REGGIE LEONTRUSTEE

NORMA ELY-JONESTRUSTEE

MONA-LISA PINKNEYVICE CHAIR

AUDREY WHITE1ST VICE CHAIR

AKIL ROSETRUSTEE

DR MARCUS D DAVIDSONTRUSTEE

DR CARL JOHNSONTRUSTEE

DR BERNARD JENNINGSTRUSTEE

DR ANNAMARIA JEROME-RAJATRUSTEE

DOROTHY P DAVISTRUSTEE

DENESHEA L PHELPS OWENSTREASURER

CHARLES W GEORGETRUSTEE

BRITTANY MCMILLONSECRETARY

BRANDON K DUMAS PHDTRUSTEE

About this charity

Recognized since: January 1943
Location: 15800 NW 42 Avenue, Miami Gardens, FL 33054
County: Miami-Dade
In care of: Dr Archie Bouie II
Primary officer: Dr Archie Bouie II, Executive VP & CFO

How to reach them

WebsiteVisit the charity’s website Phone(305) 430-0399

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: WATSONRICE LLP
NTEE classification: Education (B420)