FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC

EIN 59-0917284 · Education (B110)

What they do

THE MISSION of THE FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC. is to ENCOURAGE, PROMOTE, and PROVIDE FUNDS and OTHER RESOURCES for THE BENEFIT of FLORIDA ATLANTIC UNIVERSITY (A PART of THE FLORIDA STATE UNIVERSITY SYSTEM) IN FURTHERANCE of ITS (CONTINUED ON SCHEDULE O) MISSIONS and PURPOSES and to SECURE THE APPLICATION of THESE FUNDS IN THE BEST MANNER ADAPTED to THE CONDITIONS of TIME and to THE NEEDS of FAU.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $92.30 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 leaders27 people are listed in the latest report.

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

Money made simple

59.75%of revenue went to mission work92.3% of expenses · Program services

1.24%of revenue went to fundraising1.9% of expenses

$64.76spent for every $100 of revenueRevenue covered expenses this year.

3.77%of revenue went to management and office costs5.8% of expenses

$12.79in assets for every $1 spent this yearSome assets cannot be spent right away.

53.8%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.

Pay context: The highest compensation shown in this filing is $115,356 for STACY A VOLNICK (INTERIM FAU 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$60,328,298

Mission workProgram services$36,047,03459.75% of revenue92.3% of expenses

ManagementOffice and general costs$2,274,8533.77% of revenue5.8% of expenses

FundraisingAsking for donations$746,3851.24% of revenue1.9% of expenses

Revenue left after expensesReported annual surplus$21,260,02635.24% of revenueShown in gray on the chart

Total expenses$39,068,27264.76% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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: 92.3% mission · 5.8% management · 1.9% fundraisingTotal expenses: 64.76% of revenue

2023Expense mix: 91.6% mission · 5.9% management · 2.5% fundraisingTotal expenses: 86.54% of revenue

2022Expense mix: 89.8% mission · 5.8% management · 4.4% fundraisingTotal expenses: 64.21% of revenue

2021Expense mix: 89.9% mission · 6.7% management · 3.4% fundraisingTotal expenses: 42.63% of revenue

2020Expense mix: 89.3% mission · 8.4% management · 2.2% fundraisingTotal expenses: 50.32% of revenue

2019Expense mix: 95.0% mission · 2.6% management · 2.4% fundraisingTotal expenses: 81.67% of revenue

2018Expense mix: 95.8% mission · 1.7% management · 2.4% fundraisingTotal expenses: 96.57% of revenue

2017Expense mix: 95.7% mission · 1.8% management · 2.5% fundraisingTotal expenses: 92.66% of revenue

Money in and money out

Revenue$60,328,298

Expenses$39,068,272

Annual surplus $21,260,026 Revenue was higher than expenses 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)$36,047,034 · 92.3% of expenses

Management and office costs$2,274,853 · 5.8% of expenses

Fundraising$746,385 · 1.9% of expenses

See all reported dollar amounts

Revenue$60,328,298

Expenses$39,068,272

Assets$499,713,646

Income$376,484,566

Contributions$32,452,144

Mission work (program services)$36,047,034

Fundraising$746,385

Grants given$158,448,500

Average grant$2,597,516

Management and general$2,274,853

Stocks and bonds$220,926,150

Accounting fees$130,108

Investing fees$730,235

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

STACY A VOLNICKINTERIM FAU PRESIDENT $115,356Base · Other $115,356

DAVID L KIANINTERIM CEO · 40 hrs/week $63,610Base · Other $63,610

JOHN KELLYFORMER FAU PRESIDENT $47,078Base · Other $47,078

MICHELLE DEPALMACFO · 40 hrs/week $39,917Base · Other $39,917

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 (27)

STACY A VOLNICKINTERIM FAU PRESIDENT

DAVID L KIANINTERIM CEO

JOHN KELLYFORMER FAU PRESIDENT

MICHELLE DEPALMACFO

MICHAEL MILLERTREASURER & FINANCE COMMITTEE

WILLIAM MORRISDIRECTOR

STEWART MARTINDIRECTOR

STEVEN SCHMIDTDIRECTOR

SCOTT MCCLENGHANDIRECTOR

RICHARD STONEDIRECTOR

RAUL VALEROPHILANTHROPY COMMITTEE CHAIR

PHYLLIS GLADSTEINDIRECTOR

PETER MOOREDIRECTOR

PAUL KILGALLONREAL ESTATE COMMITTEE CHAIR

NOEL GONZALEZDIRECTOR

MICHAEL YOONDIRECTOR

ADAM HASNERPRESIDENT AS OF 3/5/25

MARILYN WALLACHDIRECTOR

KEITH SANDERSNOMINATING & GOV. COMMITTEE

IAN SWARTZDIRECTOR

GARY D RUBINDIRECTOR

ED VENTRICEINVESTMENT COMMITTEE CHAIR

DANIEL JOSEPHAUDIT COMMITTEE CHAIR

CHERYL WILKEVICE CHAIR & SECRETARY

CHARLES CARTWRIGHTDIRECTOR

BRUCE ALLENDIRECTOR

BRIAN POULINBOARD & EXECUTIVE COMMITTEE CHAIR

About this charity

Recognized since: January 1962
Location: 777 GLADES ROAD ADM 247, BOCA RATON, FL 33431-6424
County: Palm Beach
In care of: DAVID KIAN
Primary officer: DAVID KIAN, INTERIM CEO

How to reach them

WebsiteVisit the charity’s website Phone(561) 297-2892

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 (B110)
Grant-giving organization: Yes