Florida Agricultural & Mechanical Univ Foundation Inc
Florida Agricultural & Mechanical Univ Foundation Inc
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About this organization
Mission
The FAMU Foundation is a non-profit 501(c)3 organization exclusively dedicated to advancing the educational and strategic goals of Florida Agricultural and Mechanical University.
About
University support includes expenses incurred for receipt and administration of funds in support of the schools, colleges, institutes, units and programs of Florida A&M University, to include, but not limited to guest speakers, conference and operational expenses, travel, events and consulting services. University Support also includes faculty and staff support including, but not limited to, salaries, travel, professional development training and seminars/conferences for the University's endowed chairs, professorships, and adjunct faculty and staff.
Interesting data from their 2020 990 filing
The filing outlines the non-profit's goal as “The foundation's purpose is to aid in the advancement of the florida agricultural and mechanical university's objectives and purposes.”.
When explaining its purpose, the activities were outlined as: “The foundation's purpose is to aid in the advancement of the florida agricultural and mechanical university's objectives and purposes.”.
- As per legal reporting requirements, the state of operation for the non-profit is FL.
- As per the non-profit's form, they have 0 employees as of 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$5,929,670.
- The CEO compensation package within the organization is determined through a review and endorsement by a neutral party.
- The organization has a written policy that delegates the management duties.
- The organization elects its board members.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 25 independent voting members.
- The organization was formed in 1966.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $1,970,668 in salary, compensation, and benefits to its employees.
- The organization pays $1,676,188 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has fundraising events.
- The organization has grants to organizations.
- The organization's financial statements were reviewed by an accountant.