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: Verified by RoundPaper

FY 2023

Verified NonprofitLast Filed 2023EIN 59-6046500

Florida Institute of Technology Inc

MELBOURNE, FLNTEE: B430Founded 1958Website

mission statement

Florida institute of technology's mission is to provide high-quality education to a culturally diverse student body in order to prepare students for entering the global workforce, seeking higher-education opportunities, and serving within their communities. The university also seeks to expand knowledge through basic and applied research and to serve the diverse economic, cultural, and societal needs of our local, state, national and international constituencies.

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Total Revenue

$222.5M

FY 2023

Program Spending

58.6%

of total expenses

Known Funders

112

2019–2024 filings

Key Metrics (FY 2023)

The Numbers

$409.3M

Total Assets

$266.1M net

15.56 mo

Operating Reserves

FY 2023

+5%

Revenue Growth

YoY

2791

Total Employees

FY 2023

Funding Track Record

Backed by 112 Institutional Funders

$12.0M raised across 262 grants · +$1.2M committed (2019–2024 filings)

Funder Geography

Funders across 30 states (2019–2024 filings)

Institutional Funding by Year

PaidCommittedBoth

Funder	Location	Total Awarded
West Virginia University Research Corporation	MORGANTOWN, WV	$1,929,381
Emil Buehler Perpetual Trust	Hackensack, NJ	$1,500,000
Lettie Pate Whitehead Foundation Inc	Atlanta, GA	$1,129,000
The University Financing Foundation Inc	MARIETTA, GA	$1,000,000 +$1,000,000 committed
Corporation for Public Broadcasting	WASHINGTON, DC	$897,343
The Robert D and Patricia E Kern Family Foundation Inc	WAUKESHA, WI	$438,336 +$145,000 committed
Southeast Coastal Ocean Observing Regional Association	CHARLESTON, SC	$390,947
American Heart Association Inc	DALLAS, TX	$359,772
Community Foundation for Brevard Inc	MELBOURNE, FL	$349,870
Fidelity Investments Charitable Gift Fund	BOSTON, MA	$316,850

Total tracked: $11,990,229 across 262 grants · +$1,245,800 committed across 5 commitments (2019–2024 filings)

Totals reflect grants as reported on funder tax returns. Timing may not match recipient revenue: funder and recipient fiscal years often differ, and grants paid by a funder in one year may be recognized by the recipient in a different year.

Programs (FY 2023)

What They Do

$72.7M in expenses

Instruction and academic support the university instructed 3,469 undergraduate, 1,092 graduate and 482 doctorate students on campus and off campus sites. In addition, there were 4,613 online students in undergraduate, graduate and doctoral programs. The university offers undergraduate and graduate programs in the following fields of study: aeronautics and aviation, business and management, psychology and behavior analysis, arts and communication, engineering, science and mathematics, computing, premed.

$47.6M in expenses

Student services, auxillary enterprises and other revenues major services provided are housing and dining. In addition, campus life revolves around the clemente center for sports and recreation, the denius student center and panther plaza. Students participate in a wide variety of intramural sports, more than 100 student organizations and 16 intercollegiate sports. From greek life to the college players thatrical organization, students are actively involved in the life of the campus community.

Financial History