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Nonprofit · EIN 20-2865561

USF FINANCING CORPORATION

Tax-exempt · TAMPA, FL 33620

Financials

$25.6M$23.6M2023$30.1M$31.1M2024
Revenue Expenses · by fiscal year end
Financials of USF FINANCING CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$30,142,277$31,063,902-$921,625$545,246,882$514,754,788$30,492,094
June 30, 2024990$25,584,748$23,560,796$2,023,952$558,378,257$530,920,566$27,457,691
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$28,094,111
Investment income
$2,048,166
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$29,184,272
Management and general (functional)
$1,879,630

Balance sheet and other

Total assets, start of year
$558,378,257
Total assets, end of year
$545,246,882
Total liabilities, end of year
$514,754,788
Net assets, end of year
$30,492,094
Publicly traded securities
$202,807,729
Gross receipts
$30,142,277
Employees
0
Volunteers
4
Year formed
2005
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Rhea F LawDirector, USF President
Trustee or director
1$0$1,119,451$304,906
Jennifer CondonDirector, USF CFO
Trustee or director
1$0$489,434$41,968
Fell L StubbsSpecial Advisor (through 11/21/24)
Officer
1$0$228,748$35,307
Hilary BlackAssistant Secretary
Officer
1$0$227,518$31,683
Dawn M RodriguezEXECUTIVE DIRECTOR
Officer
10$0$162,164$21,916
Erin S AebelDirector, Secretary/Treasurer
Trustee or director, Officer
1$0$0$0
Linda O SimmonsDirector, Chair
Trustee or director, Officer
1$0$0$0
Andrew J MaytsDirector
Trustee or director
1$0$0$0
Jose E ValienteDirector
Trustee or director
1$0$0$0
990 for the year ended June 30, 2024: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
RHEA F LAWDIRECTOR, USF PRESIDENT
Trustee or director
1$0$1,057,950$153,036
RICHARD J SOBIERAYDIR,USF SVP BUS/FIN(THRU OCT 2023)
Trustee or director
1$0$608,736$36,071
JENNIFER CONDONDIRECTOR, USF CFO (BEG OCT 2023)
Trustee or director
1$0$292,528$36,097
FELL L STUBBSSPEC ADV, EXEC DIR(THRU MARCH 2024)
Officer
10$0$228,284$34,195
HILARY BLACKASST. SECRETARY
Officer
1$0$214,206$30,616
DAWN M RODRIGUEZEXECUTIVE DIRECTOR (BEG MARCH 2024)
Officer
10$0$126,187$18,998
LINDA O SIMMONSDIRECTOR, CHAIR
Trustee or director, Officer
1$0$0$0
ERIN S AEBELDIRECTOR, SECRETARY/TREASURER
Trustee or director, Officer
1$0$0$0
JOSE E VALIENTEDIRECTOR
Trustee or director
1$0$0$0
ANDREW J MAYTSDIRECTOR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
4202 EAST FOWLER AVENUE CGS 301, TAMPA, FL 33620-4301
In care of
% FELL L STUBBS
Principal officer (990 for 2024)
Dawn M Rodriguez, 4202 East Fowler Avenue CGS 301, Tampa, FL 336204301
Signed the 990
Dawn M Rodriguez, Executive Director
Phone
(813) 974-7297
Return prepared by
CROWE LLP

Mission

The Corporation was formed exclusively to receive, hold, invest and administer property and to make expenditures to or for the benefit of the University of South Florida (USF). The organization is a direct support organization of USF pursuant to Section 1004.28, Florida Statutes. The organization provides and constructs facilities for USF and assists in carrying out and supporting its educational purposes by providing access to such facilities to members of the public, the students, the faculty and the staff of USF.

990 for the year ended June 30, 2025

Program accomplishments

  • The Corporation holds title to and manages the related outstanding debt for multiple facilities on behalf of University of South Florida ("USF") Housing and Athletics auxiliary units. These facilities include multiple residence halls, a parking garage, a student center, and multiple athletics facilities. The Corporation also holds title to and manages the related outstanding debt for multiple facilities on behalf of USF Component units, including university medical services association, inc., USF Health professions conferencing corporation and USF research foundation, inc. These facilities include various medical and research facilities.
    Expenses $29,184,272 · revenue $28,094,111

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
20-2865561
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Organization supporting a government college or university
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2008
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B900)
Assets (IRS master file)
$545,246,882
Income (IRS master file)
$30,142,277

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025–––IRS
990June 2024–––IRS
990June 2023$16,438,237$13,050,434$371,389,607IRS
990June 2022$17,504,917$13,446,775$360,205,097IRS
990June 2021–––IRS
990June 2020–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about USF FINANCING CORPORATION

What is the EIN of USF FINANCING CORPORATION?
The employer identification number (EIN) of USF FINANCING CORPORATION is 20-2865561.
Is USF FINANCING CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to USF FINANCING CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does USF FINANCING CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of USF FINANCING CORPORATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did USF FINANCING CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of USF FINANCING CORPORATION?
The 990 for the year ended June 30, 2025 names Dawn M Rodriguez.
Who are the officers and directors of USF FINANCING CORPORATION?
The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does USF FINANCING CORPORATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $30,142,277, expenses of $31,063,902 and total assets of $545,246,882 at year end.

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