2025-09-27T22:51:25-04:00 2025-06-30 592309183 HSCTUSCAN & COMPANY PA 1470 ROYAL PALM SQUARE BLVD FORT MYERS FL 339191082 990 2024-07-01 113685135 FLORIDA GULF COAST UNIVERISTY FINANCING CORP FLOR 2395901215 10501 FGCU BOULEVARD SOUTH FORT MYERS FL 33965 DAVID VAZQUEZ EXECUTIVE DIRECTOR 2395901215 2025-08-19 true true JEFFREY M TUSCAN CPA P00184439 2399392233 2025-09-27 2024 2025-03-06 01:10:19Z DAVID VAZQUEZ 20731220 false X WWW.FGCU.EDU X 2003 FL THE ORGANIZATION WAS ESTABLISHED TO RECEIVE, HOLD, INVEST, AND ADMINISTER PROPERTY AND TO MAKE EXPENDITURES TO OR FOR THE EXCLUSIVE BENEFIT OF FGCU OR A RESEARCH AND DEVELOPMENT PARK OR RESEARCH AND DEVELOPMENT AUTHORITY AFFILIATED WITH THE UNIVERSITY. 7 6 0 0 17369330 19100572 0 1855697 1630648 0 19225027 20731220 0 0 0 0 0 23681314 21926368 23681314 21926368 -4456287 -1195148 184581339 175707780 147987384 140308973 36593955 35398807 X THE ORGANIZATION WAS ESTABLISHED TO RECEIVE, HOLD, INVEST, AND ADMINISTER PROPERTY AND TO MAKE EXPENDITURES TO OR FOR THE EXCLUSIVE BENEFIT OF FGCU OR A RESEARCH AND DEVELOPMENT PARK OR RESEARCH AND DEVELOPMENT AUTHORITY AFFILIATED WITH THE UNIVERSITY. false false 21638349 CONTRACT FOR THE DESIGN AND CONSTRUCTION OF STUDENT RESIDENTIAL HOUSING AND RELATED PARKING. ISSUES BOND DEBT TO FINANCE SUCH CONSTRUCTION. ALSO THE PAYMENT OF VARIOUS OTHER SUPPORT FEES OF THE UNIVERSITY. 21638349 true false false false false false false false false false false false true false false true true false false false false false false false false false false false false true true false false false false false false false false false false false false false false false true false true false true 0 0 false 0 false false false false false false false false X 7 6 false false false false false false false true true false false true true true true true true true true false FL X X OFFICE OF THE CONTROLLER 2395901215 10501 FGCU BLVD SOUTH FORT MYERS FL 33965 X AYSEGUL TIMUR PRES OF UNI/ 5.00 X X 0 686997 58836 DAVID VAZQUEZ EXECUTIVE DI 40.00 X 0 301082 40258 MICHAEL MARTIN FORMER PRES X 0 233334 0 JOSEPH CATTI DIRECTOR/CHA 5.00 X X 0 0 0 RICHARD EIDE DIRECTOR 5.00 X 0 0 0 LARRY HART DIRECTOR/TRE 5.00 X X 0 0 0 JIM KNUPP DIRECTOR 5.00 X 0 0 0 STEVE MCINTOSH DIRECTOR/SEC 5.00 X X 0 0 0 MARTIN WASMER DIRECTOR 5.00 X 0 0 0 1221413 99094 true true false 19100572 19100572 1630648 1630648 20731220 1630648 5555766 5555766 259349 259349 TRANSFERS TO UNIVERSITY 8473125 8473125 LEASE AMORTIZATION 8021696 8021696 TRANSFER OUT-SOVI BOARDW 497460 497460 CONTRACTUAL EXPENSES 26550 26550 -907578 -909698 2120 21926368 21638349 288019 0 687700 537392 11441 10726 183542042 174921896 340156 237766 184581339 175707780 3669557 4065602 497027 459899 136620800 129083472 7200000 6700000 147987384 140308973 X 36593955 35398807 36593955 35398807 184581339 175707780 -1195148 X false true X true false X 19667409 19051613 18598366 17369330 19100572 93787290 19667409 19051613 18598366 17369330 19100572 93787290 93787290 549760 275709 1086272 1855697 1630648 5398086 99185376 0.94560 0.95070 X INVESTMENT IN DFL 137306428 C INVESTMENT US SECURITIES 19437680 C INVESTMENT IN FL PRIME 15149175 C INVESTMENT IN FL PRIME RESTRICTED 2000000 C INVESTMENT STATE TREASURY DR 523931 C INVESTMENT STATE TREASURY 504682 C 174921896 X 20731220 20731220 20731220 21926368 21926368 21926368 SCHEDULE D, PAGE 3, PART X THE FINANCING CORPORATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS ORGANIZED EXCLUSIVELY FOR SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES. THE FINANCING CORPORATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE BUT IS A CORPORATION DESCRIBED UNDER SECTION 509(A)(3). THE INFORMATIONAL RETURNS (FORM 990) FOR THE PRIOR THREE (3) FISCAL YEARS ARE OPEN AND SUBJECT TO POSSIBLE EXAMINATION. THE FINANCIAL ACCOUNTING STANDARDS BOARD HAS ISSUED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND THE FINANCING CORPORATION HAS ADOPTED THIS GUIDANCE. THE FINANCING CORPORATION HAS EVALUATED ITS TAX POSITIONS AND ANY ESTIMATES UTILIZED IN ITS TAX RETURNS, AND CONCLUDED THAT IT HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS WILL BE RECOGNIZED IN INCOME TAX EXPENSE, IF REQUIRED. false false false false false false false false false AYSEGUL TIMUR PRES OF UNI/DIRECTOR 508334 100000 78663 34649 24187 745833 DAVID VAZQUEZ EXECUTIVE DIRECTOR 279446 6000 15636 28225 12033 341340 MICHAEL MARTIN FORMER PRES OF UNI 233334 233334 A FGCU FINANCING CORP SERIES 2008A 113685135 34073XCK2 2008-05-01 22000000 PHASE IX STUDENT RESIDENCE false false false B FGCU FINANCING CORP SERIES 2009A 113685135 34073XCL0 2009-05-07 8000000 PARKING FACILITIES PHASE III false false false C FGCU FINANCING CORP SERIES 2017A 113685135 34073XGH5 2017-11-29 53956991 REFUND SERIES 2003 & 2007A (HOUSING) false false false D FGCU FINANCING CORP SERIES 2017B 113685135 34073XGW2 2017-11-29 8248563 REFUND SERIES 2007C (PARKING) false false false A 9905000 22000000 115000 21885000 2010 false false true true B 3195000 8000000 147500 20000 7832500 2010 false false true true C 17853153 53956991 420906 53536805 true false true true D 2587692 8248563 73924 8174639 true false true true A false false false false false false true B false false false false false false true C false false false false false false true D false false false false false false true A false false true false true false false false true B false false true false true false false false true C false false true false false false false false true D false false true false false false false false true A true B true C true D true PURPOSE OF ISSUE DESCRIPTION FGCU FINANCING CORP. SERIES 2008A PHASE IX STUDENT RESIDENCE PURPOSE OF ISSUE DESCRIPTION FGCU FINANCING CORP. SERIES 2009A PARKING FACILITIES PHASE III PURPOSE OF ISSUE DESCRIPTION FGCU FINANCING CORP. SERIES 2017A REFUND SERIES 2003 & 2007A (HOUSING) PURPOSE OF ISSUE DESCRIPTION FGCU FINANCING CORP. SERIES 2017B REFUND SERIES 2007C (PARKING) ADDITIONAL INFORMATION FGCU FINANCING CORP. SERIES 2017A PART II, LINE 1, COLUMN C: THE AMOUNT LISTED CONSISTS OF 15,230,000 PRINCIPAL PAID AND 2,623,153 PREMIUM AMORTIZED. ADDITIONAL INFORMATION FGCU FINANCING CORP. SERIES 2017B PART II, LINE 1, COLUMN D: THE AMOUNT LISTED CONSISTS OF 2,430,000 PRINCIPAL PAID AND 157,692 PREMIUM AMORTIZED. A FGCU FINANCING CORP SERIES 2019A 113685135 34073XHS0 2019-12-05 37700443 REFUND SERIES 2010A & 2010B (HOUSING) false false false B FGCU FINANCING CORP SERIES 2020A 113685135 34073XJM1 2020-12-17 23682566 REFUND SERIES 2011A (HOUSING) false false false C FGCU FINANCING CORP SERIES 2022A 113685135 34073XKH0 2022-11-03 23239935 REFUND SERIES 2022A (HOUSING) false false false A 8059844 37700443 37700443 true false true true B 3688159 23682566 23682566 true false true true C 2456178 23239935 22961207 true false true true A false false false false false false true B false false false false false false true C false false false false false false true A false false true false false false false false true B false false true false false false false false true C false false true false false false false false true A true B true C true PURPOSE OF ISSUE DESCRIPTION FGCU FINANCING CORP. SERIES 2019A REFUND SERIES 2010A & 2010B (HOUSING) PURPOSE OF ISSUE DESCRIPTION FGCU FINANCING CORP SERIES 2020A REFUND SERIES 2011A (HOUSING) PURPOSE OF ISSUE DESCRIPTION FGCU FINANCING CORP. SERIES 2022A REFUND SERIES 2022A (HOUSING) ADDITIONAL INFORMATION FGCU FINANCING CORP. SERIES 2019A PART II, LINE 1, COLUMN A: THE AMOUNT LISTED CONSISTS OF 6,630,000 PRINCIPAL PAID AND 1,429,844 PREMIUM AMORTIZED. ADDITIONAL INFORMATION FGCU FINANCING CORP SERIES 2020A PART II, LINE 1, COLUMN B: THE AMOUNT LISTED CONSISTS OF 2,805,000 PRINCIPAL PAID AND 833,159 PREMIUM AMORTIZED. ADDITIONAL INFORMATION FGCU FINANCING CORP. SERIES 2022A PART II, LINE 1, COLUMN C: THE AMOUNT LISTED CONSISTS OF 1,460,000 PRINCIPAL PAID AND 996,178 PREMIUM AMORTIZED. FORM 990 - ORGANIZATION'S MISSION THE ORGANIZATION WAS ESTABLISHED TO RECEIVE, HOLD, INVEST, AND ADMINISTER PROPERTY AND TO MAKE EXPENDITURES TO OR FOR THE EXCLUSIVE BENEFIT OF FGCU OR A RESEARCH AND DEVELOPMENT PARK OR RESEARCH AND DEVELOPMENT AUTHORITY AFFILIATED WITH THE UNIVERSITY. FORM 990, PART VI THERE ARE 7 VOTING MEMBERS LISTED ON PART VI SECTION A BUT ONLY 6 ARE INDEPENDENT. AYSEGUL TIMUR RECEIVES WAGES FROM A RELATED ORGANIZATION, THE UNIVERSITY. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 TAX RETURN IS REVIEWED BY UNIVERSITY OFFICE OF THE CONTROLLER. AFTER REVIEW IT IS FORWARDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD OF DIRECTORS ARE RESPONSIBLE FOR MONITORING THE CONFLICT OF INTEREST POLICY. FORM 990, PAGE 6, PART VI, LINE 15A SALARY IS DETERMINED BY THE PRESIDENT OF THE UNIVERSITY IN CONSULTATION WITH THE CHAIR OF THE BOARD OF DIRECTORS. NORMALLY FOLLOWS UNIVERSITY PAY INCREASES. THE EXECUTIVE DIRECTOR OF THE FLORIDA GULF COAST UNIVERSITY FINANCING CORPORATION IS A UNIVERSITY EMPLOYEE. FORM 990, PAGE 6, PART VI, LINE 15B SALARY IS DETERMINED BY THE PRESIDENT OF THE UNIVERSITY IN CONSULTATION WITH THE CHAIR OF THE BOARD OF DIRECTORS. NORMALLY FOLLOWS UNIVERSITY PAY INCREASES AND IS PAID AND RECORDED AS UNIVERSITY EXPENSES. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII AYSEGUL TIMUR REPLACED MICHAEL MARTIN AS THE UNIVERISTY PRESIDENT DURING THE FISCAL YEAR ENDING 6/30/24 HOWEVER, MICHAEL MARTIN STILL RECEIVED BONUS COMPENSATION DURING THE CURRENT FISCAL YEAR. FLORIDA GULF COAST UNIVERSITY 10501 FGCU BLVD S FORT MYERS FL 33965 650753801 UNIVERSITY FL 115 NA false false false false false false false false false false false true false false false false false false true false FLORIDA GULF COAST UNIVERSITY K 19100572 COST FLORIDA GULF COAST UNIVERSITY R 497460 COST FLORIDA GULF COAST UNIVERSITY R 8473125 COST