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Florida Gulf Coast University Financing Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 113685135 ✦ Fort myers, FL ✦ Designated as a 501(c)(3)

Overview

What is Florida Gulf Coast University Financing Corp?

Florida Gulf Coast University Financing Corp is a nonprofit organization based in Fort Myers, Florida, with the address 10501 FGCU Boulevard South, ZIP code 33965. Its primary objective is to raise funds through bond debt issuance for the construction of student residential housing and related parking facilities at Florida Gulf Coast University (FGCU). The organization's mission involves managing and investing property to exclusively benefit FGCU or affiliated research and development parks. Essentially, they act as a financial arm for FGCU, supporting the growth and development of the university by funding essential infrastructure projects.


Official website here: www.fgcu.edu

Is Florida Gulf Coast University Financing Corp legitimate?

Florida Gulf Coast University Financing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Gulf Coast University Financing Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.fgcu.edu

What is the mission statement of Florida Gulf Coast University Financing Corp?

The Florida Gulf Coast University Financing Corp was established with the purpose of managing and investing funds for the sole benefit of Florida Gulf Coast University or affiliated research and development parks. Their primary role involves receiving, holding, and administering property, as well as making expenditures to support the university and related entities. The organization's activities encompass issuing bonds to finance construction projects, including student residential housing and related parking facilities, and making various payments and support fees to the University.


Official website here: www.fgcu.edu

Who is the CEO of Florida Gulf Coast University Financing Corp?

David Vazquez is the Directorpresident Of Univers of Florida Gulf Coast University Financing Corp.


Official website here: www.fgcu.edu

What is the revenue of Florida Gulf Coast University Financing Corp?

Florida Gulf Coast University Financing Corp's revenue in 2023 was $19,684,638.


Official website here: www.fgcu.edu

Who are the executives of Florida Gulf Coast University Financing Corp and what are their salaries?

Here are 7 key members and their salaries:

    Michael Martin (Directorpresident Of Univers)
  • Compensation: $0
  • Related: $571,904
  • Other: $50,685

    • Richard Eide (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Martin Wasmer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Knupp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Larry Hart (Directortreasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Catti (Directorchairman)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephen Mcintosh (Directorsecretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.fgcu.edu

    Where can I find the form 990 for Florida Gulf Coast University Financing Corp?

    The Florida Gulf Coast University Financing Corp’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.fgcu.edu

    Learn more at the official website: www.fgcu.edu

    Mission Statement of Florida Gulf Coast University Financing Corp

    Florida Gulf Coast University Financing Corp, also known as FGCU Financing Corp, is a dedicated organization that exists to support Florida Gulf Coast University (FGCU) and affiliated research and development parks or authorities. By receiving, holding, investing, and administering property, this entity works to make expenditures for the exclusive benefit of FGCU and related research institutions.

    The core objective of FGCU Financing Corp is to facilitate development projects for the university. One of their primary functions involves issuing bond debt to finance the construction of student residential housing and related parking facilities. This financial support plays a crucial role in enhancing the university experience for students by providing them with accommodations and essential parking spaces.

    In addition to financing university projects, FGCU Financing Corp also contributes to various support fees associated with FGCU. By partnering with the university in this way, the organization plays a pivotal role in advancing the educational institution's growth and development.

    Impact

    This information is meant to be a general summary of Florida Gulf Coast University Financing Corp. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Florida Gulf Coast University Financing Corp has a significant impact on supporting the growth and development of Florida Gulf Coast University (FGCU) and its affiliated research and development entities. By issuing bond debt to finance the construction of student housing and related facilities, the organization plays a vital role in expanding the infrastructure of the university campus. This support enhances the overall educational experience for students and fosters a conducive environment for academic success.

    Furthermore, the Florida Gulf Coast University Financing Corp's activities contribute to the promotion of research and development initiatives associated with the university. This investment in innovation and knowledge creation benefits not only the university community but also the broader region by fostering economic development and technological advancements.

    Overall, the organization's financial support plays a crucial role in advancing the mission and goals of FGCU, ultimately making a positive impact on education, research, and community development in Fort Myers, Florida.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,086,272
  • Program Service Revenue: $0
  • Gross Receipts: $19,684,638

    • Assets and Liabilities:
  • Total Assets: $196,297,307
  • Total Liabilities: $155,247,065
  • Net Assets: $41,050,242
  • Organization Details

    Founding Year

    2003

    Principal Officer

    David Vazquez

    Main Address

    10501 FGCU Boulevard South, Fort Myers, FL, 33965

    NTEE Category

    Code: T11 - Philanthropy

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