Nonprofit · EIN 59-0668483
FLORIDA MEMORIAL UNIVERSITY INC
Tax-exempt · MIAMI GARDENS, FL 33054
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $45,514,500 | $47,196,235 | -$1,681,735 | $84,469,394 | $15,877,707 | $68,591,687 |
| June 30, 2024 | 990 | $44,482,680 | $47,822,568 | -$3,339,888 | $84,350,606 | $13,995,788 | $70,354,818 |
| June 30, 2023 | 990 | $50,419,718 | $49,018,014 | $1,401,704 | $84,253,989 | $10,852,233 | $73,401,756 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $14,111,947
- of which government grants
- $11,429,881
- Program service revenue
- $30,733,707
- Investment income
- $494,265
- Net gain from sales of assets
- $400,516
- Other revenue
- $174,581
Expenses
- Grants and similar amounts paid
- $5,390,485
- Compensation of officers, directors and key employees
- $1,499,540
- Other salaries and wages
- $10,427,161
- Salaries, compensation and benefits (total)
- $13,928,107
- Professional fundraising fees
- $0
- Occupancy
- $3,345,924
- Travel
- $584,250
- Depreciation
- $2,080,555
- Program services (functional)
- $33,159,504
- Management and general (functional)
- $13,393,078
- Fundraising (functional)
- $643,653
Balance sheet and other
- Total assets, start of year
- $84,350,606
- Total assets, end of year
- $84,469,394
- Total liabilities, end of year
- $15,877,707
- Net assets, end of year
- $68,591,687
- Land, buildings and equipment
- $42,779,831
- Publicly traded securities
- $13,964,503
- Net assets without donor restrictions
- $54,664,629
- Net assets with donor restrictions
- $13,927,058
- Gross receipts
- $45,571,666
- Employees
- 405
- Year formed
- 1862
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William C McCormick | President | 40 | $248,287 |
| Jacqueline Hill | Exe VP/ Provost | 40 | $190,849 |
| Archie L Bouie II | Exe VP/ CFO | 40 | $171,582 |
| Tammy Hamlet | VP - Advan Ext Gov | 40 | $137,085 |
| Walter Weatherington | Board Chair Trustee or director, Officer | 2 | $0 |
| Audrey White | 1st Vice Chair Trustee or director, Officer | 1 | $0 |
| Mona-Lisa Pinkney | Vice Chair Trustee or director, Officer | 1 | $0 |
| Deneshea L Phelps Owens | Treasurer Trustee or director, Officer | 1 | $0 |
| Brittany McMillon | Secretary Trustee or director | 1 | $0 |
| Rev Dr Bartholomew Banks Sr | Trustee Trustee or director | 1 | $0 |
| Dr Annamaria Jerome-Raja | Trustee Trustee or director | 1 | $0 |
| Kimberly M Chapman | Trustee Trustee or director | 1 | $0 |
| Dorothy P Davis | Trustee Trustee or director | 1 | $0 |
| Dr Marcus D Davidson | Trustee Trustee or director | 1 | $0 |
| Brandon K Dumas PhD | Trustee Trustee or director | 1 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Susan Nystrom | Trustee Trustee or director | 1 | $0 |
| Dr Carl Johnson | Trustee Trustee or director | 1 | $0 |
| Norma Ely-Jones | Trustee Trustee or director | 1 | $0 |
| Dr Bernard Jennings | Trustee Trustee or director | 1 | $0 |
| Reggie Leon | Trustee Trustee or director | 1 | $0 |
| Reverend Dr Vaseal Montgomery | Trustee Trustee or director | 1 | $0 |
| Akil Rose | Trustee Trustee or director | 1 | $0 |
| Charles W George | Trustee Trustee or director | 1 | $0 |
| Sharon Wilson Esq | Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 33 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William McCormick | Board Chair Trustee or director, Officer | 2 | $0 |
| Audrey White | 1st Vice Chair Trustee or director, Officer | 1 | $0 |
| Walter Weatherington | Vice Chair Trustee or director, Officer | 1 | $0 |
| E Ray Smith | Treasurer Trustee or director, Officer | 1 | $0 |
| John Owens Esq | Secretary Trustee or director | 1 | $0 |
| Mona-Lisa Pinkney | Trustee Trustee or director | 1 | $0 |
| Kimberly M Chapman | Trustee Trustee or director | 1 | $0 |
| Charles W George | Trustee Trustee or director | 1 | $0 |
| Brandon K Dumas | Trustee Trustee or director | 1 | $0 |
| Susan Nystrom | Trustee Trustee or director | 1 | $0 |
| Rev Bartholomew Banks Sr | Trustee Trustee or director | 1 | $0 |
| Carl Johnson | Trustee Trustee or director | 1 | $0 |
| Dr Marcus D Davidson | Trustee Trustee or director | 1 | $0 |
| Brittany McMillon | Trustee Trustee or director | 1 | $0 |
| Dorothy P Davis | Trustee Trustee or director | 1 | $0 |
| Dr Glenn Parker | Trustee Trustee or director | 1 | $0 |
| Tracy Wright | Trustee Trustee or director | 1 | $0 |
| Dr Lawrence Morehouse | Trustee Trustee or director | 1 | $0 |
| Deneshea L Phelps | Trustee Trustee or director | 1 | $0 |
| Dr Gerald Glass | Trustee Trustee or director | 40 | $0 |
| Akil Rose | Tr., SGA Pres. Trustee or director | 1 | $0 |
| Sharon Wilson Esq | Trustee Trustee or director | 1 | $0 |
| Dr Annamaria Jerome-Raja | Tr., Faculty S. Trustee or director | 40 | $0 |
| Cory Witherspoon | VP of University Advancement | 40 | $0 |
| Jason Horn | AVP of Athletics | 40 | $0 |
| Imani Fredricks-Lowman | AVP of Academic Engagement & Studen | 40 | $0 |
| Carlos Canas | Director of Institutional Research | 0 | $0 |
| Dr Clyde Lewis | AVP of Enrollment Management | 0 | $0 |
| Jaffus Hardrick | President | 40 | $0 |
| Jacqueline Hill | Int VP/ Exec Prvst | 40 | $0 |
| Samuel A Darko | Dean of Arts & Sci | 40 | $0 |
| Rodney Sobelson | AVP of Fin & Admin | 50 | $0 |
| Sonya Miller | General Counsel | 40 | $0 |
990 for the year ended June 30, 2023: 33 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jaffus Hardrick | President Highest-paid employee | 40 | $286,500 | $0 |
| Jacqueline Hill | Interim VP & Exec Provost Highest-paid employee | 40 | $160,000 | $9,441 |
| Samuel A Darko | Dean of Arts & Sciences Highest-paid employee | 40 | $130,000 | $17,016 |
| Rodney Sobelson | AVP for Finance and Administration Highest-paid employee | 50 | $126,000 | $7,488 |
| Sonya Miller | General Counsel Highest-paid employee | 40 | $112,500 | $18,059 |
| Cory Witherspoon | VP of University Advancement Key employee | 40 | $103,500 | $16,871 |
| Jason Horn | AVP of Athletics Key employee | 40 | $112,500 | $6,524 |
| Imani Fredricks-Lowman | AVP of Academic Engagement & Student Success Key employee | 40 | $95,000 | $7,488 |
| Carlos Canas | Director of Institutional Research Key employee | 40 | $91,000 | $7,488 |
| Dr Clyde Lewis | AVP of Enrollment Management Key employee | 40 | $95,000 | $0 |
| Dr Annamaria Jerome-Raja | Trustee, Faculty Senate Trustee or director | 40 | $85,593 | $0 |
| Sharon Wilson Esq | Trustee Trustee or director | 1 | $0 | $0 |
| Mr William McCormick | Board Chair Trustee or director, Officer | 2 | $0 | $0 |
| Mr E Ray Smith | Trustee, Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Mona-Lisa Pinkney | Trustee Trustee or director | 1 | $0 | $0 |
| Kimberly M Chapman | Trustee Trustee or director | 1 | $0 | $0 |
| Mr Charles W George | Trustee Trustee or director | 1 | $0 | $0 |
| Brandon K Dumas | Trustee Trustee or director | 1 | $0 | $0 |
| Susan Nystrom | Trustee Trustee or director | 1 | $0 | $0 |
| Rev Bartholomew Banks Sr | Trustee Trustee or director | 1 | $0 | $0 |
| Carl Johnson | Trustee Trustee or director | 1 | $0 | $0 |
| Dr Marcus D Davidson | Trustee Trustee or director | 1 | $0 | $0 |
| Brittany McMillon | Trustee Trustee or director | 1 | $0 | $0 |
| Audrey White | First Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| John Owens Esq | Secretary Trustee or director | 1 | $0 | $0 |
| Dorothy P Davis | Trustee Trustee or director | 1 | $0 | $0 |
| Dr Glenn Parker | Trustee Trustee or director | 1 | $0 | $0 |
| Tracy Wright | Trustee Trustee or director | 1 | $0 | $0 |
| Dr Lawrence Morehouse | Trustee Trustee or director | 1 | $0 | $0 |
| Deneshea L Phelps | Trustee Trustee or director | 1 | $0 | $0 |
| Walter Weatherington | Trustee, Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Dr Gerald Glass | Trustee Trustee or director | 40 | $0 | $0 |
| Akil Rose | Trustee, SGA President Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 15800 NW 42ND AVE, MIAMI GARDENS, FL 33054-6155
- In care of
- % OFFICE OF HUMAN RESOURCES
- Principal officer (990 for 2024)
- William McCormick
- Signed the 990
- Dr Archie Bouie II, Executive VP & CFO
- Phone
- (305) 430-0399
- Website
- FMUNIV.EDU
- Return prepared by
- WatsonRice LLP
Mission
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.
Program accomplishments
- Education, General/Other: Institutional Support. Infrastructure to support the University and carryout it's primary goal of educating students. (~1156 students).Includes auxiliary expenses, business & fiscal, and presidents office under Depts. 100, 300, & 500 as well. Also includes student aid & discounts (shown contrarevenuein financial statements).Expenses $11,749,425 · revenue $12,650,514
- Grants & Other Assistance program: provides some Academic Instructional services that instruct and educate students, provide monitoring and consulting by the professors; it also provides Scholarships to students that would otherwise have no other means to continue their education. The funds also provides for community outreach and services, providing interaction with the students, community and the FMU community as a whole.Expenses $10,831,647 · grants $10,831,647
- Student Services Programs: Support services and activities surrounding students. The University has approximately 1156 students.Expenses $4,876,122 · revenue $298,491
- Instructional: The University offers programs designed to liberally educate students in a postindustrial, high technology society. There are educational programsthrough the Divisions of Airway and Computer Sciences, Business Administration, Education and Humanities, Natural Sciences, Mathematics, Social Sciences, and thenondegree General College Division and Division of Lifelong Learning.Expenses $3,306,719 · revenue $516,766
- Academic Support: Educational Delivery; General & Other: Support Staff (Deans, secretaries, and administration) to carry out the functional support duties of theinstructional unit (~1156 students).Expenses $2,395,591 · revenue $17,267,936
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 59-0668483
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1943
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $84,469,394
- Income (IRS master file)
- $45,571,666
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $45,514,500 | $47,196,235 | $84,469,394 | IRS |
| 990 | June 2024 | $44,482,680 | $47,822,568 | $84,350,606 | IRS |
| 990 | June 2023 | $50,419,718 | $49,018,014 | $84,253,989 | XML |
| 990 | June 2022 | $45,361,049 | $50,461,600 | $87,291,712 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 59-0668483).
Questions about FLORIDA MEMORIAL UNIVERSITY INC
- What is the EIN of FLORIDA MEMORIAL UNIVERSITY INC?
- The employer identification number (EIN) of FLORIDA MEMORIAL UNIVERSITY INC is 59-0668483.
- Is FLORIDA MEMORIAL UNIVERSITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1943.
- Are donations to FLORIDA MEMORIAL UNIVERSITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FLORIDA MEMORIAL UNIVERSITY INC 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 FLORIDA MEMORIAL UNIVERSITY INC 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 FLORIDA MEMORIAL UNIVERSITY INC 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 FLORIDA MEMORIAL UNIVERSITY INC?
- The 990 for the year ended June 30, 2025 names William McCormick.
- Who are the officers and directors of FLORIDA MEMORIAL UNIVERSITY INC?
- The 990 for the year ended June 30, 2025 lists 24 people; 4 received compensation from the organization, the highest $248,287 (William C McCormick, President).
- How much revenue does FLORIDA MEMORIAL UNIVERSITY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $45,514,500, expenses of $47,196,235 and total assets of $84,469,394 at year end.
Other nonprofits in MIAMI GARDENS
- EXCELSIOR ACADEMIES INC EIN 26-2248006 · last filed 990 for 2025
- BIG IDEAS EDUCATIONAL SERVICES EIN 47-2046607 · last filed 990 for 2025
- NORTH DADE REGIONAL ACADEMY INC EIN 59-2368471 · last filed 990 for 2024
- KHAILA MONTESORRI ACADEMY INC EIN 46-1277419 · last filed 990 for 2025
- OTIS PITTS JR FOUNDATION EIN 33-2473493 · last filed 990-EZ for 2025
- ALL FLORIDA COUNTY BAIL BONDS ASSOCIATION INC EIN 46-4398109 · last filed 990 for 2024
- SPROUTING TO SUCCESS INC EIN 46-4870540 · last filed 990 for 2022
- LIGHT PREPARATORY ACADEMY EIN 92-2080958 · last filed 990-EZ for 2024