Nonprofit · EIN 59-0917284
FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC
Tax-exempt · BOCA RATON, FL 33431
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $60,328,298 | $39,068,272 | $21,260,026 | $499,713,646 | $49,689,296 | $450,024,350 |
| June 30, 2024 | 990 | $49,842,509 | $43,134,161 | $6,708,348 | $462,819,760 | $49,164,841 | $413,654,919 |
| June 30, 2023 | 990 | $51,489,358 | $33,062,850 | $18,426,508 | $437,211,157 | $51,174,330 | $386,036,827 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $32,452,144
- of which government grants
- $68,761
- Program service revenue
- $441,587
- Investment income
- $25,432,384
- Royalties
- $75
- Net rental income
- $1,515,222
- Net gain from sales of assets
- $15,032,921
- Net income from fundraising events
- $175,774
- Other revenue
- $2,002,183
Expenses
- Grants and similar amounts paid
- $36,047,034
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $130,108
- Occupancy
- $2,336
- Travel
- $50,845
- Program services (functional)
- $36,047,034
- Management and general (functional)
- $2,274,853
- Fundraising (functional)
- $746,385
Balance sheet and other
- Total assets, start of year
- $462,819,760
- Total assets, end of year
- $499,713,646
- Total liabilities, end of year
- $49,689,296
- Net assets, end of year
- $450,024,350
- Land, buildings and equipment
- $22,020,463
- Publicly traded securities
- $220,926,150
- Gross unrelated business income
- -$286,736
- Gross receipts
- $376,484,566
- Employees
- 0
- Volunteers
- 29
- Year formed
- 1960
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STACY A VOLNICK | INTERIM FAU PRESIDENT Trustee or director | 0.5 | $0 | $628,510 | $115,356 |
| DAVID L KIAN | INTERIM CEO Officer | 40 | $0 | $514,007 | $63,610 |
| JOHN KELLY | FORMER FAU PRESIDENT Former | 0 | $0 | $478,161 | $47,078 |
| MICHELLE DEPALMA | CFO Officer | 40 | $0 | $205,506 | $39,917 |
| ADAM HASNER | PRESIDENT AS OF 3/5/25 Trustee or director | 0.5 | $0 | $0 | $0 |
| BRUCE ALLEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CHARLES CARTWRIGHT | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| PHYLLIS GLADSTEIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| NOEL GONZALEZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DANIEL JOSEPH | AUDIT COMMITTEE CHAIR Trustee or director | 2 | $0 | $0 | $0 |
| PAUL KILGALLON | REAL ESTATE COMMITTEE CHAIR Trustee or director | 0.5 | $0 | $0 | $0 |
| STEWART MARTIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MICHAEL MILLER | TREASURER & FINANCE COMMITTEE Trustee or director, Officer | 2 | $0 | $0 | $0 |
| PETER MOORE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| BRIAN POULIN | BOARD & EXECUTIVE COMMITTEE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY D RUBIN | DIRECTOR Trustee or director | 0.5 | $0 |
| KEITH SANDERS | NOMINATING & GOV. COMMITTEE Trustee or director | 2 | $0 |
| STEVEN SCHMIDT | DIRECTOR Trustee or director | 0.5 | $0 |
| RICHARD STONE | DIRECTOR Trustee or director | 0.5 | $0 |
| IAN SWARTZ | DIRECTOR Trustee or director | 0.5 | $0 |
| RAUL VALERO | PHILANTHROPY COMMITTEE CHAIR Trustee or director | 2 | $0 |
| ED VENTRICE | INVESTMENT COMMITTEE CHAIR Trustee or director | 2 | $0 |
| MARILYN WALLACH | DIRECTOR Trustee or director | 0.5 | $0 |
| CHERYL WILKE | VICE CHAIR & SECRETARY Trustee or director, Officer | 2 | $0 |
| MICHAEL YOON | DIRECTOR Trustee or director | 2 | $0 |
| WILLIAM MORRIS | DIRECTOR Trustee or director | 0.5 | $0 |
| SCOTT MCCLENGHAN | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 26 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STACY VOLNICK | INTERIM FAU PRESIDENT Trustee or director | 0.5 | $0 | $576,920 | $99,733 |
| JOHN KELLY | FORMER FAU PRESIDENT Former | 0 | $0 | $539,081 | $48,513 |
| DAVID KIAN | INTERIM CEO Officer | 40 | $0 | $434,678 | $54,673 |
| MICHELLE DEPALMA | CFO Officer | 40 | $0 | $197,813 | $40,092 |
| CHARLES CARTWRIGHT | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| PHYLLIS GLADSTEIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| NOEL GONZALEZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DANIEL JOSEPH | AUDIT COMMITTEE CHAIR Trustee or director | 2 | $0 | $0 | $0 |
| PAUL KILGALLON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| STEWART MARTIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MICHAEL L MILLER | TREASURER & FINANCE COMMITTEE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| PETER MOORE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| PAMELA RONDI NOEL | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| BRIAN POULIN | EXECUTIVE COMMITTEE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| SALLY ROWLEY-WILLIAMS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KEITH SANDERS | NOMINATING & GOV. COMMITTEE CHAIR Trustee or director | 2 | $0 | $0 | $0 |
| STEVEN SCHMIDT | IMMEDIATE PAST CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| RICHARD STONE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| IAN SWARTZ | DIRECTOR, AS OF 11/14/23 Trustee or director | 0.5 | $0 | $0 | $0 |
| RAUL VALERO | PHILANTHROPY COMMITTEE CHAIR Trustee or director | 2 | $0 | $0 | $0 |
| ED VENTRICE | INVESTMENT COMMITTEE CHAIR Trustee or director | 2 | $0 | $0 | $0 |
| CHERYL WILKE | VICE CHAIR & SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| WILLIAM E MORRIS | LTD. PURPOSE DIRECTOR & RE COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL YOON | LIMITED PURPOSE DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| EARNIE ELLISON | FAU BOT REPRESENTATIVE, AS OF 3/2024 Trustee or director | 0.5 | $0 | $0 | $0 |
| BARBARA FEINGOLD | FAU BOT REPRESENTATIVE, UNTIL 2/2024 Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 33 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN KELLY | FAU PRESIDENT, UNTIL 12/31/22 Trustee or director | 0.5 | $0 | $1,080,994 | $50,262 |
| CHRISTOPHER DELISIO | CEO, UNTIL 6/26/23 Officer | 40 | $0 | $457,894 | $55,694 |
| STACY VOLNICK | INTERIM FAU PRESIDENT, AS OF 1/1/23 Trustee or director | 0.5 | $0 | $438,612 | $67,402 |
| DAVID KIAN | INTERIM CEO, AS OF 6/26/23 Officer | 0.5 | $0 | $333,295 | $49,072 |
| DAVID GREEN | INTERIM VP OF INSTITUTIONAL ADVANCEMENT Key employee | 40 | $0 | $227,625 | $39,712 |
| AMANDA NICKESON | ASSISTANT VP OF DEVELOPMENT Highest-paid employee | 0 | $0 | $200,729 | $27,301 |
| STACEY BELL | CFO, UNTIL 7/15/22 Officer | 40 | $0 | $198,525 | $25,607 |
| KELLY KIRKPATRICK-MARMOL | DIRECTOR OF ADVANCEMENT Highest-paid employee | 0 | $0 | $183,131 | $36,402 |
| LAURIE CARNEY | SENIOR DIRECTOR OF DEVELOPMENT1 Highest-paid employee | 0 | $0 | $188,334 | $29,954 |
| MICHAEL O MILLER | DIRECTOR OF ADVANCEMENT Highest-paid employee | 0 | $0 | $178,367 | $35,930 |
| KRISTINA GREGG | EXECUTIVE DIRECTOR OF ADVANCEMENT Highest-paid employee | 0 | $0 | $178,923 | $35,108 |
| MICHELLE DEPALMA | CFO, AS OF 12/12/22 Officer | 40 | $0 | $7,663 | $719 |
| ZACHARY BERG | INVESTMENT COMMITTEE & RE COMMITTEE CHAIR Trustee or director | 2 | $0 | $0 | $0 |
| PHYLLIS GLADSTEIN | IMMEDIATE PAST SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| STEWART MARTIN | IMMEDIATE PAST CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| STEVEN SCHMIDT | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| BRIAN POULIN | VICE CHAIR AND TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| CHERYL WILKE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| PATRICIA MCKAY | AUDIT COMMITTEE CHAIR Trustee or director | 2 | $0 | $0 | $0 |
| ED VENTRICE | PHILANTHROPY COMMITTEE CHAIR Trustee or director | 2 | $0 | $0 | $0 |
| WILLIAM E MORRIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| SALLY ROWLEY-WILLIAMS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| RICHARD STONE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| RAUL VALERO | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| RAFAEL CARDOZO | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| PETER MOORE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| PAUL KILGALLON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| PAMELA RONDI NOEL | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DANIEL JOSEPH | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MICHAEL L MILLER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MICHAEL YOON | LIMITED PURPOSE DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KEITH SANDERS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| BARBARA FEINGOLD | FAU BOT REPRESENTATIVE Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 777 GLADES ROAD ADM 247, BOCA RATON, FL 33431-6424
- Principal officer (990 for 2024)
- DAVID KIAN, 777 GLADES ROAD ADM 247, BOCA RATON, FL 334316424
- Signed the 990
- DAVID KIAN, INTERIM CEO
- Phone
- (561) 297-2892
- Website
- HTTPS://FAUF.FAU.EDU/
- Return prepared by
- JAMES MOORE & CO PL
Mission
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.
Program accomplishments
- PROVIDED GENERAL SUPPORT TO THE FLORIDA ATLANTIC UNIVERSITY IN THE FORM OF PAYMENTS SUCH AS BUT NOT LIMITED TO GUEST LECTURERS, OPERATIONAL AND CONFERENCE EXPENSES, TRAVEL, CONSULTING, AND EVENTS.Expenses $18,306,513 · grants $18,306,513 · revenue $441,587
- PROVIDED 2,828 STUDENTS WITH SCHOLARSHIPS FROM PHILANTHROPIC CONTRIBUTIONS.Expenses $9,037,741 · grants $9,037,741
- PROVIDED SUPPORT FOR THE SALARIES OF THE UNIVERSITY'S EMINENT SCHOLARS, PROFESSORS, AND OTHER FACULTY AND STAFF.Expenses $8,702,780 · grants $8,702,780
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
- 59-0917284
- 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
- 1962
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $499,713,646
- Income (IRS master file)
- $376,484,566
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $60,328,298 | $39,068,272 | $499,713,646 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $49,842,509 | $43,134,161 | $462,819,760 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $51,489,358 | $33,062,850 | $437,211,157 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $79,320,542 | $33,810,685 | $416,051,768 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 59-0917284).
Questions about FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC
- What is the EIN of FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC?
- The employer identification number (EIN) of FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC is 59-0917284.
- Is FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1962.
- Are donations to FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FLORIDA ATLANTIC UNIVERSITY FOUNDATION 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 ATLANTIC UNIVERSITY FOUNDATION 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 ATLANTIC UNIVERSITY FOUNDATION 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 ATLANTIC UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names DAVID KIAN.
- Who are the officers and directors of FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 27 people; 0 received compensation from the organization.
- How much revenue does FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $60,328,298, expenses of $39,068,272 and total assets of $499,713,646 at year end.
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